Within the United States there are many banks and many different cards to use. The advantages of American Express make it one of the best options, without a doubt. But not everyone can afford to have an American Express card, unfortunately. In order to apply for this type of card we must meet certain financial requirements that the bank will ask for. In case of not fulfilling them we will not be able to have access to it.
It is normal that these requirements are requested, since the American Express card, as we have already mentioned, has very great benefits. In addition, it also has several modalities and each one has its own specialty. In this case we can find, for example, the American Express green card, with which traveling helps to accumulate points.
Requirements to get an American Express card
The main requirement to qualify for an American Express card is to have a high Credit Score. One of the great features of this bank’s cards is that they are not created for people with low credit. That is to say, if you are thinking of using an AmEx card to gather all your credits, it is very likely that you will not get it.
To get this card, taking the most basic American Express card as a reference, you must have, at least, a “good” credit rating. Here are the credit numbers, according to FICO:
- Exceptional: 800 and above
- Very good: 740-799
- Good: 670-739
- Fair: 580-669
- Poor: 300 – 579
Can I get an AmEx card with a low Credit Score?
The answer is no. This bank takes into account that the people who use their card must be solvent to pay in the future the credits they ask for. If you do not have a Credit Score of at least “good”, it is very likely that you will not receive this card from American Express. In addition to this, the bank studies your entire situation, so it could be the case that even with a “good” rank you will not get the card.
Therefore, if you want to receive the card and you do not have this high rank, the best thing to do is to improve your finances first. Once you improve your finances you will have access to an American Express card and all the benefits it offers.