Be Sure You Qualify Prior to Submitting Your American Express Application
Did you ever hear the saying, “don’t leave home without it?” That is the motto of American Express. This credit card is one of the longstanding pillars of the credit industry and one of the most difficult companies to get an account with. When you’re in, however, consider yourself in good company. There are several rewards that are included with owning one. Seriously consider these factors when completing an American Express application.
Some examples are your current credit score, credit history, employment status, and current loans. While these elements weigh differently, all of them contribute to your chance of being approved.
Credit score
Before surrendering your American Express application, you’ll want a good credit rating. Like most other credit companies, AMEX values this score a lot. The FICO score is the commonly used scoring system. Created by the Fair Isaac Corporation, the scores range from 300-850. The average person will get a rating of 600 to 700. Everything higher is regarded as better. A score of 750 is considered to be an indication of great financial health. A score that is below 600 is a risk for the creditor and definitely will merit you higher rates or straight up denial.
Credit history
American Express will look at your credit history prior to making a decision. This refers to your current score since this shows you are a dependable and responsible person that pays his or her debts on time. Bad credit history is a sure no-no. You’ll get less chances of getting the American Express application approved.
Employment status
Getting an AMEX charge card would depend on your status. Are you currently working? Are you a student? Students who do get the go ahead will have a lower credit limit. It’s usually much better to be employed. Being employed means you’ll have a higher credit limit.
Existence of current loans
Paying off a mortgage will negatively affect the chances of your approval. This is especially true if you just had a property repossessed. What this propose is poor financial health and may hinder the chances of you being a cardholder.
Different discounts available
People that go for this card want the American Express discounts and other perks. Take for example the Business JetBlue from American Express. This card is a joint venture between JetBlue Airlines and AmEx. It’s handy for regular JetBlue fliers who want to earn rewards, which are compatible with their current TrueBlue points.
Business JetBlue from American Express offers 5% discounts on any JetBlue flight together with other reward program savings and points. For every dollar you would spend, you obtain award dollars. You can also earn double award dollars at concerts, golf courses, restaurants, cinema theatres and also other fun venues. For every dollar used on JetBlue flights, car rentals, wireless phone charges, gas, office supplies and equipment, you’ll get two award dollars.
Another card is the Nest credit card. Meant for newlyweds, this provides various American Express discounts in addition to home-related savings and gifts offers. As a Nest cardholder, it’s also possible to avail of offers, including reductions from collaborating partners and special travel offers provided by American Express Vacations.
Claude Mcinnis has just filled out an american express application in the hopes of having future american express discounts.
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