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The minimum CIBIL™ score required by applicants for Amex Credit Cards is 700. Applicants having a credit score lower than 700 will face difficulties in getting the sanction of the Amex Credit Cards. The credit card may still be sanctioned at the discretion of the lender but the rate of interest in such case may be higher or the credit limit sanctioned may be lower.

Amex cards or American Express Cards are one of the premium credit cards available across the globe. These credit cards are available in many variations depending on the needs of the applicants. These cards can be travel-centric cards, premium cards, reward centric cards, corporate cards, etc. The eligibility for these credit cards depends on the type of applicants, their income level and other parameters like age, employment status, etc.

The credit score of the applicants is another important parameter that is considered for the issue of Amex credit cards. The credit score of the applicants is the first point of reference that the lenders review while issuing any credit cards.

CIBIL™ is one of the four credit rating agencies in India that provides credit score for applicants. The other credit rating agencies are,

  • Equifax
  • Experian
  • CRIF Highmark

The credit score issued by such agencies certifies the creditworthiness of the applicants. A higher credit score will assure the lenders of the viability of the line of credit issued to the applicants.

Credit score issued by CIBIL™ is usually preferred by the lenders while issuing a line of credit. CIBIL™ score is a three-digit score in the range of 300 to 900. A credit score closer to 900 is considered to be favourable by the lenders while a credit score closer to 300 is considered will not be considered for the issue of Amex credit cards.

What is the other eligibility criteria for Amex Credit cards?

Amex Credit cards provide a huge range of credit cards to millions of customers within India as well as abroad. These credit cards are available based on many eligibility parameters set by the bank. The applicants have to meet all such eligibility parameters for the sanction of the credit cards. Some of the eligibility parameters set by the bank are mentioned below.

Age of the applicant

The applicants have to be of minimum 18 years of age to be eligible for the Amex credit cards.

Income of the applicant

Minimum income level is one of the prime factors of eligibility that have to be met by the applicants. The minimum income requirement varies depending on the type of card that is applied.

Location of the applicant

The location of the applicant is another important eligibility criterion set for Amex Credit cards. The applicants belonging to only specified locations are eligible for these cards. To get the details of the eligible locations, applicants can contact the customer care of American Express

Employment status of the applicant

The employment status of the applicants is also considered for the issue of Amex Credit cards. A person not currently in any employment or not meeting the minimum work experience required as per the guidelines set in this regard will not be eligible for the Amex Credit Cards.

FAQs

1. What are the factors that may affect the eligibility for Amex Credit cards?

A. There are several factors that may affect the eligibility of a person for an Amex Credit Card. Some of such factors are mentioned below.

  • Another requirement is the minimum credit score of 700 or more for Amex credit cards.
  • The minimum age of the applicant has to be 18 years for an Amex Credit Card.
  • The debt to income ratio is also considered while issuing an Amex Credit Card. A lower debt to income ratio will improve the chances of issue of Amex Credit Card.
  • The applicant has to meet the minimum income requirement to be eligible for the Amex credit cards. The minimum income requirement set for any Amex Credit card is different for each type of credit card.
  • An applicant having an existing line of credit can get better chances of approval of an Amex credit card.

2. Can a person having a poor credit score get an Amex Credit Card?

A. A person having a poor credit score will find it difficult to get the sanction for Amex credit cards.

3. What are the easiest ways to improve the credit score of a person?

A. Some of the easiest ways to improve the credit score of a person are,

  • Paying credit card dues and loan EMIs on time
  • Maintaining the credit utilization ratio
  • Reducing the external liabilities
  • Reporting any errors or fraudulent entries in the credit report of the person

4. Is the CIBIL™ score available for free?

A. Yes. CIBIL™ score can be available for free once a year by visiting the official website of CIBIL™. The applicant will have to fill an online form with the all required details for the same.

5. Can a person hold multiple credit cards?

A. Yes. A person can hold multiple credit cards provided they meet all the eligibility criteria set for the same and have a good credit score and sufficient income to support it.

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