Is it good to have an American Express card?

Is it good to have an American Express card?

American Express is one of the leading card issuers in the United States. It's known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.

What credit score is needed for a American Express card?

700 or above The American Express credit score requirement is 700 or above, depending on the card. That means people with good to excellent credit are eligible to be approved for an American Express credit card.

Who qualifies for a black American Express?

The requirements to get a “black card” aren't publicly available either, but based on other users' reports, you should probably: Use other Amex cards. Be an active cardholder for at least a year. Charge at least $250,000 per year (though some estimates are as high as $450,000)

Why is American Express bad?

American Express does make interest income, but many of its products aren't designed to generate interest. The company requires cardholders to pay their balance in full each month. Instead, American Express charges high annual fees, which its largely affluent client base can pay.

Is there an American Express card for bad credit?

There are no American Express cards for bad credit, nor are there any American Express cards for fair credit, limited credit, or no credit. ... Once you have good credit, you can apply for an American Express card with a good chance of being approved.

Can I get an American Express card with a 700 credit score?

While Amex does not publish credit score requirements for its cards, we know that you will need a good to excellent credit score to qualify for an American Express card. Credit bureau Experian defines good credit as 700 or higher and excellent credit as 800 or higher.

What is the limit on Amex black?

No spending limit There are no preset spending limits with the Amex black card, so you can easily buy big-ticket items that you may not necessarily be able to pay for with other credit cards. Keep in mind, however, that you must pay off your balances in full every month.

What is the black card limit?

No spending limit: Because the Centurion® Card has no preset spending limits, you can use it to buy big ticket items that you may not be able to purchase with other credit cards. Since a black card is a charge card rather than a credit card, charges must be paid in full each month.