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

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