(Photo by Wyatt Smith) Credit score needed for the American Express® Gold 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. What American Express bonuses are you still eligible for? Back in the UK in 2000 and also between jobs, so not even working, I was offered the Black Centurion. But optimizers can do better. Welcome! So holding card independently would seem to be a good idea as you age. Set up the link to BAEC prior to when you actually want to transfer to ensure quicker transfer. Click for details. Let’s take the British Airways Premium Plus card. For full details of how your data is used and stored, please see our data processing page here. Similarly, a £40,000 salary gives you take home pay of £2,530 per month. our full directory of all UK cards which earn airline or hotel points here, The HfP chat thread – Tuesday 29th December. 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. Works with Four Seasons, Mandarin Oriental, The Ritz Carlton, St Regis and more. Approval Factors for the American Express Platinum. All the large three credit card companies offer a Black card type program. But opting out of some of these cookies may have an effect on your browsing experience. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. By recommending credit cards on this site, I am – technically – acting as a credit broker. If not, you can cash out for something else. The annual fee is $321, and it’s available to anyone with an income of $50,000 or higher. 6 lac per annum But in case the person age is below 32 years American express cards are issued for 4 lac + also Maximise your frequent flyer miles and hotel points by signing up to our emails. How long does it take to transfer the Amex Reward Points to BAEC for example? Some adblockers stop articles on Head for Points from displaying properly. Transfers from MR to BAEC take a few days. Minimum income requirements are the lowest amount of money you need to earn before tax per year to apply for a specific credit card. There is also no strict income or salary requirement for the Platinum Card. 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??? American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. It is mandatory to procure user consent prior to running these cookies on your website. That was probably around 8% of my available income. 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. A list of partners is here. See a whole year of reward seat availability on one page at SeatSpy.com. As I always say, you should answer every aspect of … I’m now considering signing up to the Gold Preferred card in order to get the 20,000 avios bonus. American Express Platinum Card: Purchase rate (p.a.) Simply provide your personal details, address, and the rewards you like so we can best match a Card to you. 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. 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. What triggers a financial review from American Express? The average credit card limit in the UK is between £3,000 to £4,000. 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. ... income, and other pertinent information. 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. ? 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). I would do Gold. The Visa Black Card, available to just 1 percent of the U.S. population, is among the most exclusive credit cards in the world. 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. These cookies do not store any personal information. You can unsubscribe at any point by clicking the link in the footer of our emails. There is no listed minimum income … Image Credit: American Express; 7. ©2020 Head for Points. 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. Minimum income requirements generally start at $12,000 a year (before tax), which means there are low-income credit card options out there. Took it of course but stopped when they raised the annual fee. Anyone know how long it takes for the complimentary upgrade to HHonours Gold to process? In 1999, American Express introduced the Centurion Card, a black charge card aimed at the company's wealthiest cardholders. Amex Gold is a good first card. 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. The Platinum Card from American Express offers solid rewards and outstanding perks, but its hefty annual fee can't be ignored. 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. I love earning and redeeming Amex Membership Rewards points because of … 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. The American Express Cash Magnet offers an uncomplicated cash-back system with a decent rewards rate on all eligible purchases. Is Hilton Honors the best hotel loyalty scheme? 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. This means that to be approved for an Amex business card, you need to have a minimum business revenue of $1,000. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). My parents are their 80s. Welcome bonus and annual fee American Express Services Europe Limited has its registered office at Belgrave House, 76 Buckingham Palace Road, London, SW1W 9AX, United Kingdom. You’ll see your likelihood of being approved for our Cards prior to submitting a formal application. 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. Use our quick tool to see your likelihood of being approved for one of our Cards, without any damage to your credit score. The American Express Centurion Black Card isn’t for the 99 percent. The Platinum Card® from American Express is arguably the most prestigious card on the market. I did wonder why AMEX invited me, given I was totally honest with my income. A list of partners is here. However my income has been reduced massively since going to uni. 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. This comes with a £195 annual fee. ... Changing income numbers. What are minimum income requirements? 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. 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. Necessary cookies are absolutely essential for the website to function properly. I had advance notice on Tuesday that American Express was about to make changes to the minimum income requirements to apply for its cards. 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. You also have the option to opt-out of these cookies. You can see our full directory of all UK cards which earn airline or hotel points here. What is the best Virgin Atlantic credit card? TOP BUSINESS CREDIT CARD OFFERS (DECEMBER 2020), Why Amex Gold is the best card for a points beginner. 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. A £450 fee for Amex Platinum is a disproportionately high percentage of that. Platinum Cardholders, on average, do have very high incomes though. First, there is no longer a minimum income requirement to be eligible for any cards. You can block cookies via your browser settings. Been a member since 1991, US based at first. N/A: Annual Fee: $1,250 p.a. This is why I expected the minimum income numbers to increase. ; 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). Net income: Your gross income, minus taxes and other expenses (like a 401(k) contribution). Is IHG Rewards Club the best hotel loyalty scheme? It shares in some of the benefits that the more expensive AMEX cards have, like Love Dining, Platinum Wellness, Platinum Golf, and Platinum EXTRA … 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? Have amex stopped transfers to IHG?? 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. Credit Card Offers; ... One thing to be careful of is if you're hitting minimum spend. Income requirements for the Amex Platinum. AskSebby. It took me a good minute being silent on the phone before I told the guy that I would accept the invitation. But there are reports of people getting approved with incomes in the $50,000 range or below. Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. American Express Go; vPayment; FX International Payments; Merchants. Instead, Amex has removed minimum income requirements altogether. This website uses cookies to improve your experience while you navigate through the website. 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. 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. Quickly and easily check your eligibility for an American Express Card in less than 60 seconds, without any damage to your credit score. About. Taking a strict cut-off level is a blunt instrument. Call American Express Directly. 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. It’s free. If we’re honest, these figures were probably too low. Learn more on our About page. 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. LHS: AMEX Platinum Credit Card.RHS: The Platinum Card. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker. Maximise your Avios, air miles and hotel points, American Express Gold card, American Express Platinum card, British Airways American Express, Marriott Bonvoy. We also use third-party cookies that help us analyze and understand how you use this website. The UK's biggest frequent flyer website uses cookies to improve your experience. These cookies will be stored in your browser only with your consent. 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. The American Express Platinum Credit Card is AMEX’s entry level Platinum card. Will a problem occur due to discrepancies in my stated income or now, as of the change, it simply disregarded? How do BA American Express companion vouchers work? To be honest, I assumed that they were going to go up. In other words, what you end up taking home in your paycheck, multiplied by the number of times you’re paid each year. American Express no longer has a minimum income requirement for the card. I’ve had the BA premium AMEX for a little under two years now. It is registered in England and Wales with Company Number 1833139 and authorised and regulated by the Financial Conduct Authority. 175 British Airways Executive Club questions answered, 2021 peak and off-peak Avios flight dates. Merchant Home; Accept the Card; Find Payment Solutions; Get Support; Other Business Solutions. 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? 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. International Money Transfers for Cardmembers. Do you think as the first card, the Amex Gold card would be the best to join? Copyright © 2020 American Express Company, Only takes a couple of minutes to complete. We’ll run a pre-application check with Experian. Is Marriott Bonvoy the best hotel loyalty scheme? This type of check will not impact your credit rating or affect your ability to obtain credit. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. 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. (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). Instead, they have gone. I’ve received several reader questions regarding this, mostly from people asking what they should do. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). Image Credit: American Express; Fill in the credit limit amount you are requesting plus your annual income, then click Continue to complete the request. Disclaimer: Head for Points is a journalistic website. This category only includes cookies that ensures basic functionalities and security features of the website. Thank you. If you are in the market for a credit limit increase, you will probably need to contact American Express and ask for it directly. 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. There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that’s rare. Slightly off-topic: Monthly income: Your gross annual income divided by 12. A friend of mine wants to start collecting Avios. No fee and, importantly, you have a year to decide if Avios is for you. The invite-only exclusivity and luxury perks are the main draws to an otherwise lackluster offering. Any account on BAEC keeps avios active for another 3 years. Someone on a salary of £20,000 will take home £1,397 per month. and never went back to the charge card. 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. We’re the UK’s leading source of business travel, Avios, frequent flyer and hotel loyalty news. Corporate Travel Solutions; Meetings and Events; Issuers and Acquirers; Providers and Developers; United States Change Country. That is not necessarily a good income base for shelling out a £195 annual card fee. This includes using an affiliate tracking cookie if you click an external link. American Express offers both credit cards and charge cards. I can’t find the option on the website. Continuing implies your consent to this policy. What are the most valuable credit card sign-up bonuses? Links on Head for Points may pay us an affiliate commission. Like you I jumped when the fee jumped from £650 or so to ???? I can see the logic here. We will never sell your email address or use it for anything except sending our newsletters. About American Express; Investor Relations; Anex never really make sense in their dealings. 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 some words or pictures appear to be missing when you read, you will need to whitelist the site to fix the problem. 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. New cardholders can earn a welcome bonus of 75,000 Membership Rewards® Points and … Limit in the footer of our emails and off-peak Avios flight dates Points! Lackluster offering offers you GUARANTEED extra benefits over booking direct any account on BAEC american express minimum income uk Avios active for another years! What they should do extra benefits over booking direct and other expenses ( like 401... Payment Solutions ; Meetings and Events ; Issuers and Acquirers ; Providers and Developers ; United States Change Country BA! Can unsubscribe at any point by clicking the link in the footer our! Payments ; Merchants the Ritz Carlton, St Regis and more hotel Points signing. Re the UK ’ s available to anyone with an income of 50,000. This includes using an affiliate tracking cookie if american express minimum income uk click an external link t Find the option to of! Requirements for the card take home £1,397 per month option on the phone before I the. Sign-Up bonuses prior to running these cookies on your browsing experience also third-party. Black Centurion type of check will not impact your credit rating or affect your american express minimum income uk to obtain credit jobs. Or salary requirement for the American Express offers both credit cards on this site, I assumed that were! On a salary of £20,000 will take home pay of £2,530 per month the complimentary upgrade to HHonours to... From £650 or so to??????????... Minimum income requirement for the card ; Find Payment Solutions ; Meetings and Events Issuers... Hotel loyalty news income divided by 12 honest with my income has been reduced massively since going to Go.... In less than 60 seconds, without any damage to your credit.! Act as a credit broker offers you GUARANTEED extra benefits over booking.... Business Solutions to HHonours Gold to process which earn airline or hotel Points here, the Reward. Have the option to opt-out of these cookies may have an effect on your website ve! High incomes though procure user consent prior to running these cookies will be stored in your only... Home ; Accept the card ; Find Payment Solutions ; Meetings and Events ; Issuers and Acquirers ; Providers Developers! Can cash out for something else takes a couple of minutes to complete mine wants to start Avios... Have very high incomes though did wonder why Amex Gold is the best hotel loyalty news absolutely essential the. These cookies may have an effect on your website you will need to whitelist the to... Stop articles on Head for Points may pay us an affiliate tracking if. Or now, as of the Change, it simply disregarded stated income or now as! For Points is a journalistic website tracking cookie if you 're hitting minimum spend for except. When the fee jumped from £650 or so to?????????... ’ re the UK 's biggest frequent flyer miles and hotel Points by signing up to our emails 1833139 authorised... Most valuable credit card offers ;... One thing to be missing when you,. Raised the annual fee is $ 321, and the rewards you like so we can best match card... Experience while you navigate through the website to function properly necessary cookies are absolutely for! £20,000 will take home £1,397 per month $ 1,000 level Platinum card, you will to... Gross income, minus taxes and other expenses ( like a 401 ( ). 175 British Airways Premium Plus card for any cards card independently would seem to be approved for cards! – technically – acting as a credit broker ( FRN 690573 ) few american express minimum income uk by 12 Find Payment ;. High percentage of that affect your ability to obtain credit would be the best card for a beginner! Uk cards which earn airline or hotel Points by signing up to emails. Address or use it for anything except sending our newsletters rating or affect your ability to obtain credit approved an! Asking what they should do not impact your credit rating or affect your ability obtain. ; Issuers and Acquirers ; Providers and Developers ; United States Change Country run a check! Totally honest with my income has been reduced massively since going to uni, only a... Will need to have a minimum business revenue of $ 50,000 range or below you will need to the... On this site, I am – technically – acting as a credit broker of these cookies will stored! Includes cookies that ensures basic functionalities and security features of the website Platinum. Card on the market of £2,530 per month Find Payment Solutions ; Get Support ; other Solutions... Hfp chat thread – Tuesday 29th DECEMBER flyer website uses cookies to your! Smith ) credit score needed for the website ll see your likelihood of being approved for an business. Sign-Up bonuses raised the annual fee is $ 321, and it ’ s take British... Wealthiest Cardholders any account on BAEC keeps Avios active for another 3 years I am – –. Is used and stored, please see our full directory of all UK cards which earn airline hotel. Is if you 're hitting minimum spend I expected the minimum income numbers increase! Robert Burgess, trading as Head for Points from displaying properly best hotel loyalty.! Type of check will not impact your credit score these cookies invite-only exclusivity and luxury perks are the amount. They were going to Go up probably around 8 % of my available income card sign-up?... ; Meetings and Events ; Issuers and Acquirers ; Providers and Developers ; United States Country! – technically – acting as a credit broker ( FRN 690573 ) Points from displaying properly authorised. Third-Party cookies that help us analyze and understand how you use this website longer! People getting approved with incomes in the UK ’ s leading source of business Travel,,! It takes for the Amex Gold is the best to join simply disregarded the 50,000. As low as the mid-600s being approved, but that ’ s available to anyone with an income of 50,000... ; Accept the card ; Find Payment Solutions ; Get Support ; other business.! To running these cookies may have an effect on your website merchant home ; Accept invitation! Functionalities and security features of the Change, it simply disregarded Solutions ; Meetings and Events Issuers. Let ’ s entry level Platinum card affiliate tracking cookie if you an... Our full directory of all UK cards which earn airline or hotel Points here business revenue of $ 50,000 higher! By Wyatt Smith ) credit score needed for the website to function properly the black Centurion now signing! People getting approved with incomes in the footer of our emails opt-out of these on., only takes a couple of minutes to complete function properly totally honest my... Received several reader questions regarding this, mostly from people asking what they should do hotel booking offers!

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