American Express Credit Card Eligibility

The credit score requirement is indicative, it doesn’t imply that credit card applications of individuals with a credit score of 730 are set to be rejected. And, at the same time, people with a credit score of 760 are confirmed to get a desired Amex credit card.

Multiple eligibility factors are taken into consideration in deducing the eligibility of an individual for a credit card, afterall credit card remains an interest-free line of credit attached to a plastic. 

1. Age of Applicant: For American Express charge, as well as credit cards, the credit card applicants should attain a minimum age of 18 years before filling up the form as age remains a principal factor for determining eligibility. 
2. Income Requirement: The minimum income should be more than Rs 4.5 lakh. This requirement is true and valid for American Express SmartEarn credit cards only. The minimum income requirement varies with the types of Amex credit cards available to retail customers. For instance, the minimum income requirement for salaried individuals is Rs 25 lakh p.a. for an American Express Platinum charge card.
3. Residency: Next comes the residency. At the moment, Amex credit and charge cards are only available to individuals having a permanent or temporary residence in a handful of Tier 1 and Tier 2 cities. 
4. Credit History: The credit profile should be in good shape before applying for a new American Express credit card as the bank rejects credit card applications with no or damaged credit score.

American Express also has the facility for checking the eligibility for the desired charge or credit card before filling in the credit card application form. This works wonderfully well for new, as well as existing credit card users as there is a possibility that a rejected credit card application might impact your credit score. 

In order to protect the credit score of individuals from unwarranted damage, American Express has instituted a pre-application eligibility checker that indicates the likelihood of getting a credit card application approved before the submission of an official Amex credit card application. 

American Express has partnered with Experian to run the pre-application check as the bank guarantees that a soft check from their portal will not affect the credit score of an individual. 

American Express credit card pre-application eligibility checker only consumes 30 seconds as you are required to fill in a few personal details. Following the successful submission of a pre-application form for Amex credit cards, the applicant will be shown a page showcasing that the pre-qualification for the credit card has been approved, denied or is under process. 

Step 1: American Express demands three simple details including the complete name of the applicant, email address and the telephone number. 

Step 2: After this, the applicant will be mandated to provide the consent and click on ‘Verify and Check Eligibility’.

Step 3: The next page will show you Amex credit card eligibility according to your filled in details and credit profile. 

Step 4: Upon successful approval in the pre-qualification round, the user will be redirected to the American Express® Cards page. 

Step 5: An applicant can then select the desired card and apply for it. After a successful pre-qualification round, the applicant can expect to receive a call from the American Express credit cards team to verify further details as applicable.

Credit Score: As a credit card applicant, you have to make sure that your credit score is undamaged and there is no recent case of a default on repayment. A default on repayment is never acceptable, but a fresh default in repayment can critically dent your chances of securing the desired credit card. 

Income Range: The defined income ranges for separate credit cards are censorious as one can’t become eligible for a super-premium credit or charge card with an income that fits the eligibility conditions for an entry-level credit card. Apply for a credit card that fits well within your earning potential. In order to qualify for a premium Amex credit card, try increasing your net income to the desired level. 

Existing Debt: If your existing debt obligations are exceeding your earning capacity then the bank may reject your credit card application even if your credit score and income range qualify the minimum criteria set by American Express.

American Express requires a PAN, proof of address and a passport size photograph for KYC purposes of Amex credit cards and Amex charge cards. 

1. Photograph: A recent passport size photograph. 
2. PAN: A user is mandatorily required to submit a copy of PAN. Those who don’t possess a PAN can provide a copy of Form 60. 
3. Address Proof: A copy of any one officially valid document is also required to meet the address proof and identity proof criteria from passport, Voter ID card, Job card issued by NREGA, Aadhaar card, a letter from the national population register (NPR) and a copy of driving license.
4. For Foreign Nationals: Foreigners looking to obtain an Amex credit/charge card in India are required to furnish the documents issued by the respective Foreign Embassy of Mission in India and the documents provided by the departments of foreign government’s jurisdiction.