![]() ![]() Keep practicing good credit habits and you will see it pay off eventually. It's a marathon, not a sprint, and even if you follow all of these tips, your score could still take time to reflect the work you're putting in. Once your debt-to-credit ratio decreases, your score should improve.īuilding excellent credit takes time and patience. Choose the one that works best for you and make it a priority. There are many different strategies for how to pay down debt. Pay down existing debt - If you currently have credit card debt, knocking that down can play a significant role in increasing your score.Plus, paying off your balance in full means no interest charges and a low debt-to-credit ratio. Building a reputation with issuers that you are a trustworthy borrower is the best way to ensure a healthy credit score in the long term. Pay your bill on time and in full every month - Whenever possible, it's important to only spend what you can confidently pay off at the end of every month.You can check your report for free once a year through each of the major bureaus. That alone can improve your score relatively quickly. By regularly monitoring your credit report, you can ensure that you take care of any mistakes. Check your credit report - Sometimes, your credit report has inaccuracies that negatively affect your score.If your current score is less-than-stellar, here are steps you can take to improve it: The biggest of these is payment history, which can take time to build up as a beginner. The five main factors in calculating your credit score are payment history, credit-to-debt ratio, lengths of credit history, new accounts and account mix. ![]() Related: What credit score do you need for the Blue Cash Preferred? If you are a beginner with little to no credit, you are more likely to be approved for a no-annual-fee credit card, such as the Blue Cash Everyday® Card from American Express (see rates and fees). However, there is anecdotal evidence of scores in the lower 600s being approved. Cards such as the Amex EveryDay® Preferred Credit Card from American Express and Blue Cash Preferred® Card from American Express (see rates and fees) usually recommend a 670+ score. Related: Battle of the premium travel rewards cards: Which is the best?įor American Express entry-level and cash-back cards, you can sometimes get away with a shorter credit history and lower score, though you'll still want to have a decent credit score. Even for the American Express® Green Card (see rates and fees), a more beginner-focused travel card, a score of 670 or higher is probably necessary. There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that's rare. For cards such as The Platinum Card® from American Express and American Express® Gold Card (see rates and fees), for example, you'll need good to excellent credit - usually a score of 680 at a minimum. Of course, the more premium the card, the higher the score you'll generally need to have. ![]() Generally speaking, you'll want to have some level of credit established before applying for any of the top Amex credit cards, but that doesn't mean you need to have an 800+ score to be approved. Therefore, no single credit score is needed for every Amex credit card. What score do you need for Amex cards?Īmerican Express has a varied lineup of credit cards, offering everything from entry-level cash-back cards to luxury travel ones. But for this guide's purpose, I will focus on Amex's branded consumer credit cards. The issuer offers business credit cards and cobranded hotel and airline credit cards. Today we'll walk through the credit score you will probably need when applying for an Amex credit card. Still, you'll also find beginner-friendly offerings such as the Blue Cash Everyday® Card from American Express (see rates and fees) in its extensive lineup. Sure, the issuer offers luxury cards such as The Platinum Card® from American Express (see rates and fees). American Express has long had a reputation for being "exclusive," but Amex credit cards are more accessible than you might think. ![]()
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