The Amex Blue Cash Everyday Card is a popular choice for those looking to earn cashback on everyday purchases like groceries, gas, and online shopping. With no annual fee and solid rewards, it’s a strong option for budget-conscious cardholders who want to maximize their spending.
Before applying, it’s important to know what credit score is typically needed for approval. While a good credit score improves your chances, other financial factors also play a role in whether Amex approves your application.
Credit Score Requirements for the Blue Cash Everyday Card
Most approved applicants for the Amex Blue Cash Everyday Card have a credit score of at least 685, putting them in the good credit range. However, some reports suggest that applicants with scores as low as 630 have been approved, likely due to other strong financial factors.
American Express evaluates more than just credit scores. Factors like a steady income, low debt levels, and a history of on-time payments can improve your chances of getting approved, even if your score isn’t perfect. Keeping credit utilization low and avoiding recent late payments can also work in your favor.
How to Increase Your Chances of Getting Approved for the Amex Blue Cash Everyday Card
If you’re looking to increase your chances of getting approved for the Amex Blue Cash Everyday card, it’s crucial to take a proactive approach to improve your credit score and overall financial standing. Here are a few key steps to consider:
- Check your credit reports: Regularly monitoring your credit reports can help you identify any errors or discrepancies that may be negatively impacting your credit score. You can obtain a free copy of your credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) once a year at AnnualCreditReport.com.
- Pay bills on time: Your payment history is the most significant factor in determining your credit score. Make sure to pay all your bills on time, including credit cards, loans, and utility bills. Setting up automatic payments or calendar reminders can help you stay on top of due dates and avoid late payments.
- Reduce credit utilization: Credit utilization refers to the percentage of your available credit that you’re currently using. Aim to keep your credit utilization below 30% by paying off high balances and not maxing out your credit cards. This demonstrates responsible credit management and can have a positive impact on your credit score.
- Diversify your credit mix: Having a mix of different types of credit, such as credit cards, installment loans, and mortgages, can be beneficial to your credit score. This shows lenders that you can manage different types of credit responsibly.
- Limit new credit inquiries: Applying for multiple credit cards or loans in a short period can result in several hard inquiries on your credit report, which can temporarily lower your credit score. Space out your applications and only apply for credit when it’s necessary.
Boost Your Credit Before Applying
If your credit score isn’t quite where it needs to be for approval, there are ways to improve it. Removing negative items like late payments, collections, and charge-offs from your credit report can help boost your score and make you a stronger candidate.
Credit Saint works with clients to dispute inaccurate or unfair marks on their credit reports, which may lead to better credit opportunities. A higher score can increase your chances of qualifying for the Amex Blue Cash Everyday Card and other rewards credit cards. To learn more, visit their website for a free credit consultation.
