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