Eligibility criteria are one of the core factors that determine the type of credit card one can hold. Not only that but it also depicts the credit limit which will be presented to the applicant. Before applying for any credit card, most people check the eligibility criteria for the same to be on the safer side. This is because when you apply for a credit card, you encounter a hard credit inquiry by the card issuer. AmEx is no exception to the scenario so whenever they receive a credit card application, they check all the mandatory details to check the reasonability of the request and other important things.
Out of every other factor, salary is the one which determines a couple of important things including the type of credit cards you are eligible for and your credit limit. Since your salary determines the amount of options you will be presented with, it is better to have the salary eligibility checked before applying for the credit card.
AmEx or American Express has Rs. To get a credit card, 4.5 Lakhs per annum is the minimum salary requirement in India. This makes it pretty much easily acquired as long as you also have a decent credit score of somewhere between 720 to 750. The minimum salary requirement can help you get the most basic options of credit cards available but yes, the options become more diverse if you increase the salary bar.
Credit Cards are made to be used as a way of transaction even if you do not have the funds right now. This makes credit cards quite reliable, but getting a credit card from AmEx is not that easy. To get a credit card from American Express, one must meet the eligibility requirements such as age, salary, and credit score. There are other criteria as well which help the issuer decide on the application but the most basic ones determine most of the things. Salary being a crucial part determines your credit card options and credit limit as well, and to an extent, it might as well
determine the other limits. Hence, the salary is one of the major factors that needs to be checked in even before applying for a credit card.