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