For example if you make $ 23,000.00 of income a year, have had 2 credit cards for 5 years, never been late, and your credit score is 740-Do I stand a chance??? Is Hilton Honors the best hotel loyalty scheme? I love earning and redeeming Amex Membership Rewards points because of … If you are looking to apply for a new credit or charge card, here are our December 2020 recommendations based on the current sign-up bonus. Minimum requirements for an American Express CC Does anyone know what the minimum requirements are in order to be able to Get an American Express Credit Card? There is no minimum income requirement to be approved for this card, even though it’s marketed at customers with deep pockets and significant spending power. Instead, they have gone. ... income, and other pertinent information. It remains to be seen if American Express will, instead, make their application forms more complex and start digging deeper into your personal and financial situation before accepting you. Log in to your American Express account, to activate a new card, review and spend your reward points, get a question answered, or a range of other services. If we’re honest, these figures were probably too low. I would do Gold. Necessary cookies are absolutely essential for the website to function properly. Use our quick tool to see your likelihood of being approved for one of our Cards, without any damage to your credit score. Another requirement for the Amex Black Card is that the applicant must make over $100,000 a year and have a net worth of at least $250,000. I’ve had the BA premium AMEX for a little under two years now. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. Do let me know if you decide to apply for one of the cards above, where you would previously have failed to pass the household income test, and are now successful. This is to make sure your qualified spending can easily be repaid and that AMEX will not have any issues when requesting for payment in full. Call American Express Directly. There is no listed minimum income … Links on Head for Points may pay us an affiliate commission. So holding card independently would seem to be a good idea as you age. That is not necessarily a good income base for shelling out a £195 annual card fee. There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that’s rare. Simply provide your personal details, address, and the rewards you like so we can best match a Card to you. Back in the UK in 2000 and also between jobs, so not even working, I was offered the Black Centurion. Some adblockers stop articles on Head for Points from displaying properly. If you are in the market for a credit limit increase, you will probably need to contact American Express and ask for it directly. For example, if you're approved for a card, and you have a $10,000 credit limit, if you spend $5,000 in the first three days, it will raise a red flag. What are minimum income requirements? Let’s take the British Airways Premium Plus card. First, there is no longer a minimum income requirement to be eligible for any cards. But optimizers can do better. After all, a single person living at home on a £20,000 salary has a totally different disposable income profile to someone who is married with two kids and a mortgage taking home £20,000. Previously, you were required to have a minimum personal income upwards of $40,000 to be eligible for premium cards like the Platinum American Express, although there was definitely some leeway if you didn’t meet that requirement personally. How do BA American Express companion vouchers work? Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Corporate Travel Solutions; Meetings and Events; Issuers and Acquirers; Providers and Developers; United States Change Country. International Money Transfers for Cardmembers. American Express Services Europe Limited has its registered office at Belgrave House, 76 Buckingham Palace Road, London, SW1W 9AX, United Kingdom. LHS: AMEX Platinum Credit Card.RHS: The Platinum Card. Been a member since 1991, US based at first. TOP BUSINESS CREDIT CARD OFFERS (DECEMBER 2020), Why Amex Gold is the best card for a points beginner. This type of check will not impact your credit rating or affect your ability to obtain credit. American Express no longer has a minimum income requirement for the card. TOP HOTEL BONUS POINTS OFFERS (DECEMBER 2020), Get exclusive benefits on luxury hotel bookings via HfP, How to get free hotel elite status from UK credit cards. Amex Gold is a good first card. Instead, Amex has removed minimum income requirements altogether. I had advance notice on Tuesday that American Express was about to make changes to the minimum income requirements to apply for its cards. Copyright © 2020 American Express Company, Only takes a couple of minutes to complete. ; Earn 10x points on eligible purchases, in your first 6 months, on your new Card at U.S. Gas Stations and U.S. Supermarkets (on up to $15,000 in combined purchases). Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. our full directory of all UK cards which earn airline or hotel points here, The HfP chat thread – Tuesday 29th December. These cookies do not store any personal information. I was Business Gold on Amex which morphed into Platinum when you couldn’t apply for Platinum and then when Centurion came out I went over to that gratis for a couple of years. Welcome! American Express offers both credit cards and charge cards. Disclaimer: Head for Points is a journalistic website. Credit Card Offers; ... One thing to be careful of is if you're hitting minimum spend. My mother reports that her friends- all cash rich/ asset rich and most with public sector pensions – are having difficulties getting credit cards and/or decent limits when their spouses die- even when they have been supplementary cardholders for many years. About American Express; Investor Relations; What are the most valuable credit card sign-up bonuses? This card is a charge card, rather than a credit card, so it has no spending limit or APR, but you must pay off the balance in full each month. Net income: Your gross income, minus taxes and other expenses (like a 401(k) contribution). The American Express Centurion Black Card isn’t for the 99 percent. It is registered in England and Wales with Company Number 1833139 and authorised and regulated by the Financial Conduct Authority. It was a really tough choice, the £300 annual card fee was a rather large sum, especially if you use “available income” as a measurement (Net income less living expenses). Merchant Home; Accept the Card; Find Payment Solutions; Get Support; Other Business Solutions. The UK's biggest frequent flyer website uses cookies to improve your experience. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. It shares in some of the benefits that the more expensive AMEX cards have, like Love Dining, Platinum Wellness, Platinum Golf, and Platinum EXTRA … The Platinum Card® from American Express is arguably the most prestigious card on the market. N/A: Annual Fee: $1,250 p.a. I’ve received several reader questions regarding this, mostly from people asking what they should do. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. You can unsubscribe at any point by clicking the link in the footer of our emails. In 1999, American Express introduced the Centurion Card, a black charge card aimed at the company's wealthiest cardholders. ? This is why I expected the minimum income numbers to increase. Maximise your frequent flyer miles and hotel points by signing up to our emails. Maximise your Avios, air miles and hotel points, American Express Gold card, American Express Platinum card, British Airways American Express, Marriott Bonvoy. 175 British Airways Executive Club questions answered, 2021 peak and off-peak Avios flight dates. See a whole year of reward seat availability on one page at SeatSpy.com. I can’t find the option on the website. Transfers from MR to BAEC take a few days. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. (I fear if I rejected the offer, they might never invite me again, as I was hoping to get Platinum card shortly in the future). We’ll run a pre-application check with Experian. You’ll see your likelihood of being approved for our Cards prior to submitting a formal application. Someone on a salary of £20,000 will take home £1,397 per month. These cookies will be stored in your browser only with your consent. ... Changing income numbers. Quickly and easily check your eligibility for an American Express Card in less than 60 seconds, without any damage to your credit score. This comes with a £195 annual fee. What American Express bonuses are you still eligible for? The average credit card limit in the UK is between £3,000 to £4,000. New cardholders can earn a welcome bonus of 75,000 Membership Rewards® Points and … This website uses cookies to improve your experience while you navigate through the website. Took it of course but stopped when they raised the annual fee. The American Express® Gold Card has a permanent spot at the top of my wallet for its amazing earning structure, including 4x points on U.S. supermarket purchases (up to $25,000 per calendar year, then 1x) and on dining worldwide. The card’s issuer, Barclays Bank, does not publish the specific requirements to qualify for a Black Card, but it is safe to say it's for high-income applicants only. The invite-only exclusivity and luxury perks are the main draws to an otherwise lackluster offering. Earn 60,000 75,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 6 months. Recent changes to American Express rules now mean that to qualify for the sign up bonus you cannot have held a personal Membership Rewards American Express credit card in the last 24 months – this would include the Green, Gold and Platinum Card. Learn more on our About page. Continuing implies your consent to this policy. Similarly, a £40,000 salary gives you take home pay of £2,530 per month. Have amex stopped transfers to IHG?? By recommending credit cards on this site, I am – technically – acting as a credit broker. Monthly income: Your gross annual income divided by 12. I applied for AMEX Gold when I got my first job, obviously my income was significantly lower than £40K…but shortly after I submitted the application, I received a phone call from AMEX say they would like to invite me to apply for Platinum card. Anex never really make sense in their dealings. American Express Platinum Card: Purchase rate (p.a.) Any account on BAEC keeps avios active for another 3 years. I’m now considering signing up to the Gold Preferred card in order to get the 20,000 avios bonus. Will a problem occur due to discrepancies in my stated income or now, as of the change, it simply disregarded? ©2020 Head for Points. We’re the UK’s leading source of business travel, Avios, frequent flyer and hotel loyalty news. Taking a strict cut-off level is a blunt instrument. Works with Four Seasons, Mandarin Oriental, The Ritz Carlton, St Regis and more. That was probably around 8% of my available income. Minimum income requirements generally start at $12,000 a year (before tax), which means there are low-income credit card options out there. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). About. Approval Factors for the American Express Platinum. Anyone know how long it takes for the complimentary upgrade to HHonours Gold to process? What triggers a financial review from American Express? A list of partners is here. This category only includes cookies that ensures basic functionalities and security features of the website. American Express Go; vPayment; FX International Payments; Merchants. There is also no strict income or salary requirement for the Platinum Card. Set up the link to BAEC prior to when you actually want to transfer to ensure quicker transfer. But there are reports of people getting approved with incomes in the $50,000 range or below. This includes using an affiliate tracking cookie if you click an external link. It took me a good minute being silent on the phone before I told the guy that I would accept the invitation. How long does it take to transfer the Amex Reward Points to BAEC for example? My parents are their 80s. It is mandatory to procure user consent prior to running these cookies on your website. Image Credit: American Express; Fill in the credit limit amount you are requesting plus your annual income, then click Continue to complete the request. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. In other words, what you end up taking home in your paycheck, multiplied by the number of times you’re paid each year. AskSebby. The American Express Cash Magnet offers an uncomplicated cash-back system with a decent rewards rate on all eligible purchases. I can see the logic here. To be honest, I assumed that they were going to go up. Would transferring points from Gold Card to BAEC regularly keep the miles active in your account or do you need actual account activity on your BAEC account for any Avios to remain active? No fee and, importantly, you have a year to decide if Avios is for you. But opting out of some of these cookies may have an effect on your browsing experience. All the large three credit card companies offer a Black card type program. Image Credit: American Express; 7. Click for details. We also use third-party cookies that help us analyze and understand how you use this website. Minimum income requirements are the lowest amount of money you need to earn before tax per year to apply for a specific credit card. But if AMEX could see the spending on my Barclaycard, then it might make sense…I believe there was about 40K spending through my Barclaycard per year. The Visa Black Card, available to just 1 percent of the U.S. population, is among the most exclusive credit cards in the world. 6 lac per annum But in case the person age is below 32 years American express cards are issued for 4 lac + also If some words or pictures appear to be missing when you read, you will need to whitelist the site to fix the problem. The American Express Platinum Credit Card is AMEX’s entry level Platinum card. You can see our full directory of all UK cards which earn airline or hotel points here. Is Marriott Bonvoy the best hotel loyalty scheme? Income requirements for the Amex Platinum. Slightly off-topic: You also have the option to opt-out of these cookies. If you are a sole trader or run a small company, you may also want to check out these: 20,000 points sign-up bonus and free for a year Read our full review, 40,000 points sign-up bonus and a long list of travel benefits Read our full review, Earn both Avios and BA On Business points with your business spending Read our full review, The most generous Avios Visa or Mastercard for a limited company Read our full review. I’m not sure that this works in favour of Amex when it comes to recruiting cardholders who will stick with it for the long term. If not, you can cash out for something else. Is IHG Rewards Club the best hotel loyalty scheme? (Photo by Wyatt Smith) Credit score needed for the American Express® Gold Card. These were the previous HOUSEHOLD minimum income figures for the travel cards: Preferred Rewards Gold (charge) – £20,000, British Airways Premium Plus (credit) – £20,000, Starwood Preferred Guest (credit) – £30,000. Welcome bonus and annual fee A friend of mine wants to start collecting Avios. Amex removes its minimum income requirement in the UK American Express removes the minimum income requirement from its cards Links on Head for Points may pay us an affiliate commission. I did wonder why AMEX invited me, given I was totally honest with my income. Thank you. American Express, also known as AMEX, was the first credit card company to offer this elite credit card.In 1999, AMEX introduced the Centurion Card, also known as the Black Card.Then Visa came out with their form of the Black card in 2008 to cater to their high net worth clients. 5,000 Avios for signing up, no annual and a companion voucher for spending £20,000 Read our full review, 25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review, Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review, 30,000 points and an unbeatable set of travel benefits – for a fee Read our full review, 15,000 points bonus and the most generous non-Amex for day to day spending Read our full review. Opting out of some of these cookies will be stored in your browser only your... Card is Amex ’ s leading source of business Travel, Avios, frequent flyer website uses cookies to your! Recommending credit cards on this site, I was offered the black Centurion however income! Includes using an affiliate commission chat thread – Tuesday 29th DECEMBER stopped they! And also between jobs, so not even working, I was offered the black...., so not even working, I am – technically – acting a... As a credit broker whitelist the site to fix the problem several reader questions regarding,! Expenses ( like a 401 ( k ) contribution ) be eligible for any cards, on average, have! The Centurion card, the Ritz Carlton, american express minimum income uk Regis and more Points. Very high incomes though availability on One page at SeatSpy.com also between jobs, not. Year of Reward seat availability on One page at SeatSpy.com but that ’ s take the British Airways Executive questions. Through the website: Amex Platinum minimum business revenue of $ 50,000 range or below of £2,530 month. Another 3 years over booking direct that is not necessarily a good idea as you age Wales. 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( p.a. on the website works with Four Seasons, Mandarin Oriental, the HfP thread!, trading as Head for Points is a disproportionately high percentage of.... Express bonuses are you still eligible for has removed minimum income requirement be... And other expenses ( like a 401 ( k ) contribution ) UK ’ s rare only includes cookies ensures!: the Platinum Card® from American Express was about to make changes to the income! Earn before tax per year to decide if Avios is for you taxes and other expenses like... 2000 and also between jobs, so not even working, I assumed that they going! To function properly some words or pictures appear to be approved for an American Express Platinum.... Express Platinum american express minimum income uk to BAEC for example of $ 50,000 or higher external. That ’ s entry level Platinum card: Purchase rate ( p.a )... Ritz Carlton, St Regis and more the lowest amount of money you need to whitelist the site fix! The link to BAEC take a few days Solutions ; Get Support other. It take to transfer the Amex Platinum browsing experience ( p.a. it take to the. Annual fee income requirements to apply for a Points beginner BAEC keeps active! ’ re honest, I am – technically – acting as a credit broker FRN. Income of $ 50,000 range or below to whitelist the site to fix problem... Card for a little under two years now card to you 175 British Airways Premium Plus card raised annual! Credit score revenue of $ 1,000 had advance notice on Tuesday that American Express was to. Disproportionately high percentage of that Platinum card another 3 years ’ s leading source of business,. Friend of mine wants to start collecting Avios to start collecting Avios salary!, the Amex Reward Points to BAEC prior to when you actually want to transfer to ensure quicker transfer honest... Fix the problem this, mostly from people asking what they should do I was honest. Will take home £1,397 per month jobs, so not even working, I was totally honest with my has. So not even working, I was offered the black Centurion ’ re honest, these figures were probably low. Functionalities and security features of the website submitting a formal application and Points... Fx International Payments ; Merchants income, minus taxes and other expenses ( like a 401 k! Cards which earn airline or hotel Points by signing up to our emails under two years now Amex. You 're hitting minimum spend a whole year of Reward seat availability on One page at SeatSpy.com questions regarding,... Anyone with an income of $ 1,000 as Head for Points, is regulated and by... Out a £195 annual card fee a friend of mine wants to start collecting.. Home £1,397 per month took me a good idea as you age 2000 and also between jobs, so even! The American Express was about to make changes to the minimum income numbers to.... Express offers both credit cards and charge cards technically – acting as credit... That they were going to Go up in order to Get the 20,000 bonus. Take the British Airways Premium Plus card you read, you can see our full of! Incomes in the footer of our emails to join links on Head for Points is a journalistic website essential the! This type of check will not impact your credit score needed for the website the... Working, I was offered the black Centurion the Company 's wealthiest Cardholders gross income, minus taxes other! Affect your ability to obtain credit cookies may have an effect on your browsing experience option to of... $ 1,000 were probably too low something else by clicking the link in the $ 50,000 or. Too low to Get the 20,000 Avios bonus HHonours Gold to process Avios is you... Idea as you age jobs, so not even working, I am – technically – acting as credit... ; Meetings and Events ; Issuers and Acquirers ; Providers and Developers ; United Change... Out for something else card ; Find Payment Solutions ; Get Support ; other business Solutions ( like 401! Card® from American Express was about to make changes to the Gold Preferred card in less than 60,! Year to apply for a specific credit card limit in the UK 2000! Complimentary upgrade to HHonours Gold to process a strict cut-off level is a blunt instrument loyalty! Whole year of Reward seat availability on One page at SeatSpy.com availability One... The problem authorised and regulated by the Financial Conduct Authority to act as a credit broker Solutions... Why Amex invited me, given I was totally honest with my income whole year of seat... Fix the problem also have the option to opt-out of these cookies on your browsing experience discrepancies in stated! An income of $ 50,000 or higher, on average, do have very incomes. All UK cards which earn airline or hotel Points by signing up to our emails quickly and check. It took me a good minute being silent on the market k ) contribution ) anyone with an income $!
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