The American Express Centurion Black Card isn’t for the 99 percent. Instead, they have gone. The average credit card limit in the UK is between £3,000 to £4,000. 6 lac per annum But in case the person age is below 32 years American express cards are issued for 4 lac + also What is the best Virgin Atlantic credit card? I can’t find the option on the website. Similarly, a £40,000 salary gives you take home pay of £2,530 per month. How long does it take to transfer the Amex Reward Points to BAEC for example? But there are reports of people getting approved with incomes in the $50,000 range or below. 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). Use our quick tool to see your likelihood of being approved for one of our Cards, without any damage to your credit score. (Photo by Wyatt Smith) Credit score needed for the American Express® Gold Card. Like you I jumped when the fee jumped from £650 or so to ???? 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. ? I can see the logic here. 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. Continuing implies your consent to this policy. 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. About American Express; Investor Relations; Amex Gold is a good first card. You can see our full directory of all UK cards which earn airline or hotel points here. A £450 fee for Amex Platinum is a disproportionately high percentage of that. Simply provide your personal details, address, and the rewards you like so we can best match a Card to you. You can unsubscribe at any point by clicking the link in the footer of our emails. Taking a strict cut-off level is a blunt instrument. How do BA American Express companion vouchers work? If not, you can cash out for something else. Will a problem occur due to discrepancies in my stated income or now, as of the change, it simply disregarded? There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that’s rare. Any account on BAEC keeps avios active for another 3 years. However my income has been reduced massively since going to uni. Is Marriott Bonvoy the best hotel loyalty scheme? That is not necessarily a good income base for shelling out a £195 annual card fee. We’ll run a pre-application check with Experian. Anyone know how long it takes for the complimentary upgrade to HHonours Gold to process? I’m now considering signing up to the Gold Preferred card in order to get the 20,000 avios bonus. Minimum income requirements generally start at $12,000 a year (before tax), which means there are low-income credit card options out there. ... Changing income numbers. I had advance notice on Tuesday that American Express was about to make changes to the minimum income requirements to apply for its cards. So holding card independently would seem to be a good idea as you age. Net income: Your gross income, minus taxes and other expenses (like a 401(k) contribution). and never went back to the charge card. This comes with a £195 annual fee. As I always say, you should answer every aspect of … All the large three credit card companies offer a Black card type program. My parents are their 80s. In other words, what you end up taking home in your paycheck, multiplied by the number of times you’re paid each year. Let’s take the British Airways Premium Plus card. AskSebby. These cookies do not store any personal information. The Visa Black Card, available to just 1 percent of the U.S. population, is among the most exclusive credit cards in the world. 175 British Airways Executive Club questions answered, 2021 peak and off-peak Avios flight dates. For cards like The Platinum Card® from American Express and American Express® Gold Card, for example, you’ll need to have good to excellent credit—usually 680 at a minimum. This means that to be approved for an Amex business card, you need to have a minimum business revenue of $1,000. Been a member since 1991, US based at first. Quickly and easily check your eligibility for an American Express Card in less than 60 seconds, without any damage to your credit score. 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. 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. Took it of course but stopped when they raised the annual fee. 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??? 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? Necessary cookies are absolutely essential for the website to function properly. Platinum Cardholders, on average, do have very high incomes though. I did wonder why AMEX invited me, given I was totally honest with my income. These cookies will be stored in your browser only with your consent. The invite-only exclusivity and luxury perks are the main draws to an otherwise lackluster offering. Have amex stopped transfers to IHG?? Call American Express 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. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker. The Platinum Card® from American Express is arguably the most prestigious card on the market. It’s free. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). 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. Credit Card Offers; ... One thing to be careful of is if you're hitting minimum spend. 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. If your credit score is in the 600s, you can still get approved for The Platinum Card® from American Express, but, it depends on the quality of your credit.Your approval chances will be highest if you have a low debt-to-income ratio and have not applied for many new credit accounts recently. This category only includes cookies that ensures basic functionalities and security features of the website. Monthly income: Your gross annual income divided by 12. Welcome! Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. You also have the option to opt-out of these cookies. Transfers from MR to BAEC take a few days. No fee and, importantly, you have a year to decide if Avios is for you. TOP BUSINESS CREDIT CARD OFFERS (DECEMBER 2020), Why Amex Gold is the best card for a points beginner. 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.
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