WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Petal® 2 Visa® Credit Card, American Express Cash Magnet® Card, American Express® Green Card, The Amex EveryDay® Credit Card from American Express, Amex EveryDay® Preferred Credit Card, and Centurion® Card from American Express
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Now, let's delve into the information related to the credit cards mentioned in the article you provided:
Petal® 2 Visa® Credit Card: Petal is known for its innovative approach to credit scoring, considering factors beyond traditional credit history. The Petal 2 Visa Credit Card is designed to help individuals build credit responsibly.
American Express Cash Magnet® Card: This card is recognized for its straightforward cashback rewards program. Users typically earn a flat percentage of cash back on all purchases, making it a simple and attractive choice for those who prefer uncomplicated rewards.
American Express® Green Card: The American Express Green Card is renowned for its travel-related benefits. It often offers points for travel expenses, dining, and other eligible purchases, making it appealing to frequent travelers.
The Amex EveryDay® Credit Card from American Express: This card is designed to reward cardholders for everyday spending. It often provides bonus points for transactions made at supermarkets and offers flexibility in redeeming rewards.
Amex EveryDay® Preferred Credit Card: Similar to its counterpart, this card is tailored for everyday use but typically offers enhanced rewards, particularly for those who frequently make purchases at supermarkets and gas stations.
Centurion® Card from American Express: Often referred to as the Amex Black Card, this invitation-only card is known for its exclusivity and premium perks. It caters to a high-net-worth clientele, providing elite travel benefits and concierge services.
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If you have any specific questions about these credit cards or if there's anything else you'd like to know, feel free to ask!
The easiest American Express cards to get are those that require a minimum of good credit for approval as opposed to excellent credit only. The Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card are two of the easiest Amex cards to get because they only require good credit.
Cards such as the Amex EveryDay® Preferred Credit Card from American Express and Blue Cash Preferred® Card from American Express usually recommend a 670+ score. However, there is anecdotal evidence of scores in the lower 600s being approved.
No, you cannot get an American Express credit card with a 600 credit score, which is considered bad credit. Most Amex credit cards require a credit score of 700 or better for high chances of approval. This means you need to have at least good credit to get an Amex credit card.
Although American Express doesn't specify any minimum credit score requirements, you'll need good credit (or better) to qualify, which means a FICO score of at least 670. A premium Amex card — say, the American Express Gold Card — likely requires a “very good” FICO score, somewhere in the range of 740 and above.
To give yourself the best chance of being approved, you'll want a credit score of at least 670. However, having a pristine credit score doesn't guarantee your approval. Amex considers other factors, such as your income and history with Amex.
The easiest American Express cards to get are those that require a minimum of good credit for approval as opposed to excellent credit only. The Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card are two of the easiest Amex cards to get because they only require good credit.
While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.
Also, the CREDIT card has a limit, which is called the “credit limit”. At American Express, the minimum credit limit is $1,000. In general, a limit of $10,000 will be the one granted to you based on your record. You may very well have a higher limit like $20-30,000.
However, premium cards like the American Express Gold card generally require good to excellent credit. According to Equifax, one of the three main credit reporting bureaus, that means you'll need a credit score of 670 or higher.
If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise.
To qualify for a Delta SkyMiles American Express card, you'll probably need a FICO® score of 670 or higher. With American Express being the sole issuer of cobranded Delta cards, you'll also be subject to its usual application rules.
American Express uses all three major credit bureaus: TransUnion, Equifax, and Experian. Either one or more credit bureaus may be used when evaluating am American Express credit card application. Credit reports, however, don't differ that much from bureau to bureau.
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
It is hard to get an American Express credit card because all cards offered by American Express require good credit or better for approval, which may be out of reach for the average consumer. Applicants need a 700 credit score and a steady income to have good approval odds for an American Express credit card.
While there is no official score required, it is generally known that the Chase Sapphire Preferred® Card requires a good credit score, which means 690 or higher. This is not a hard and fast rule, however, and those with credit scores lower than 690 could possibly get approved.
A credit score of 700 or higher (at least good credit) is required. Applicants must be at least 18 years old. A valid Social Security number is required. Or, if you don't have a credit history in the U.S. but you have a credit card or loan in certain countries, you might be able to get approved without a SSN.
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