What Is The CIBIL™ Score Needed For An Amex Credit Card

The minimum CIBIL™ score required by applicants for Amex Credit Cards is 700. Applicants having a credit score lower than 700 will face difficulties in getting the sanction of the Amex Credit Cards. The credit card may still be sanctioned at the discretion of the lender but the rate of interest in such case may be higher or the credit limit sanctioned may be lower.

Amex cards or American Express Cards are one of the premium credit cards available across the globe. These credit cards are available in many variations depending on the needs of the applicants. These cards can be travel-centric cards, premium cards, reward centric cards, corporate cards, etc. The eligibility for these credit cards depends on the type of applicants, their income level and other parameters like age, employment status, etc.

The credit score of the applicants is another important parameter that is considered for the issue of Amex credit cards. The credit score of the applicants is the first point of reference that the lenders review while issuing any credit cards.

CIBIL™ is one of the four credit rating agencies in India that provides credit score for applicants. The other credit rating agencies are,

• Equifax
• Experian
• CRIF Highmark

The credit score issued by such agencies certifies the creditworthiness of the applicants. A higher credit score will assure the lenders of the viability of the line of credit issued to the applicants.

Credit score issued by CIBIL™ is usually preferred by the lenders while issuing a line of credit. CIBIL™ score is a three-digit score in the range of 300 to 900. A credit score closer to 900 is considered to be favourable by the lenders while a credit score closer to 300 is considered will not be considered for the issue of Amex credit cards.

What is the other eligibility criteria for Amex Credit cards?

Amex Credit cards provide a huge range of credit cards to millions of customers within India as well as abroad. These credit cards are available based on many eligibility parameters set by the bank. The applicants have to meet all such eligibility parameters for the sanction of the credit cards. Some of the eligibility parameters set by the bank are mentioned below.

Age of the applicant

The applicants have to be of minimum 18 years of age to be eligible for the Amex credit cards.

Income of the applicant

Minimum income level is one of the prime factors of eligibility that have to be met by the applicants. The minimum income requirement varies depending on the type of card that is applied.

Location of the applicant

The location of the applicant is another important eligibility criterion set for Amex Credit cards. The applicants belonging to only specified locations are eligible for these cards. To get the details of the eligible locations, applicants can contact the customer care of American Express

Employment status of the applicant

The employment status of the applicants is also considered for the issue of Amex Credit cards. A person not currently in any employment or not meeting the minimum work experience required as per the guidelines set in this regard will not be eligible for the Amex Credit Cards.

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