American Express For Bad Credit: A Helpful Guide

american express for bad credit

Are you struggling with bad credit but still want to enjoy the benefits of an American Express card? You’re not alone. Many people think that American Express is only for those with excellent credit, but there are options available for those with less-than-perfect credit scores. In this article, we’ll explore how you can get an American Express card even if you have bad credit.

The Problem: Bad Credit and American Express

Bad credit can make it difficult to get approved for a credit card, especially one with great rewards and benefits like American Express. Many people assume that they aren’t eligible for an American Express card if they have bad credit. However, that’s not entirely true. While American Express does have high credit score requirements, there are options available for those with lower credit scores.

The Solution: American Express Cards for Bad Credit

If you have bad credit, you may still be able to get an American Express card. One option is the American Express Secured Card, which requires a security deposit but can help you build or rebuild your credit. Another option is the Blue Delta SkyMiles Credit Card, which has a lower credit score requirement than other American Express cards and offers travel rewards.

How to Improve Your Chances of Approval

If you have bad credit, there are a few things you can do to improve your chances of getting approved for an American Express card. First, check your credit report and make sure that there aren’t any errors or inaccuracies. Second, pay down your existing debts to improve your credit utilization ratio. Finally, consider getting a secured credit card to start building or rebuilding your credit.

Benefits of the American Express Secured Card

The American Express Secured Card is a great option for those with bad credit. Not only does it help you build or rebuild your credit, but it also offers many of the same benefits as other American Express cards. These benefits include fraud protection, purchase protection, and access to Amex Offers.

Lower Credit Score Requirements for the Blue Delta SkyMiles Card

The Blue Delta SkyMiles Credit Card has a lower credit score requirement than other American Express cards. This makes it a good option for those who don’t have excellent credit but still want to earn travel rewards. The card offers 2x miles per dollar spent at US restaurants and on Delta purchases, and 1x mile per dollar spent on all other purchases.

Annual Fees and Interest Rates

Most American Express cards come with an annual fee, which can range from $0 to several hundred dollars per year. The American Express Secured Card has an annual fee of $0, while the Blue Delta SkyMiles Card has an annual fee of $0 for the first year and $95 per year after that. Interest rates on American Express cards can also vary depending on the card and your credit score.

Other Benefits of American Express Cards

American Express cards offer many benefits beyond rewards points and cash back. These benefits can include airport lounge access, travel insurance, extended warranties, and more. Make sure to read the fine print and understand all the benefits of your American Express card.

How to Apply for an American Express Card

You can apply for an American Express card online by visiting the American Express website. Make sure to choose a card that fits your credit score and spending habits. You’ll need to provide personal information, including your social security number and income, as well as information about your employment and housing.

Success Story

Many people have successfully used American Express cards to improve their credit scores and earn rewards. By using a secured card or a card with a lower credit score requirement, you can start building or rebuilding your credit while still enjoying the benefits of an American Express card. With responsible use, you can improve your credit score and qualify for even better credit cards in the future.

FAQs

Can I get an American Express card with bad credit?

Yes, you may be able to get an American Express card even if you have bad credit. Consider a secured card or a card with a lower credit score requirement, such as the Blue Delta SkyMiles Credit Card.

What is the American Express Secured Card?

The American Express Secured Card requires a security deposit but can help you build or rebuild your credit. It offers many of the same benefits as other American Express cards, including fraud protection and purchase protection.

What are the benefits of the Blue Delta SkyMiles Credit Card?

The Blue Delta SkyMiles Credit Card offers travel rewards, including 2x miles per dollar spent at US restaurants and on Delta purchases, and 1x mile per dollar spent on all other purchases. It also has a lower credit score requirement than other American Express cards.

What are the annual fees for American Express cards?

Annual fees for American Express cards can vary depending on the card and your credit score. The American Express Secured Card has an annual fee of $0, while the Blue Delta SkyMiles Card has an annual fee of $0 for the first year and $95 per year after that.

What benefits do American Express cards offer?

American Express cards offer many benefits beyond rewards points and cash back, including airport lounge access, travel insurance, extended warranties, and more.

How can I improve my chances of getting approved for an American Express card?

You can improve your chances of getting approved for an American Express card by checking your credit report for errors, paying down existing debts, and considering a secured credit card to build or rebuild your credit.

What is the interest rate on American Express cards?

Interest rates on American Express cards can vary depending on the card and your credit score.

Tips

Here are a few tips to help you get the most out of your American Express card:

  • Pay your balance in full every month to avoid interest charges.
  • Take advantage of the benefits offered by your card, such as airport lounge access and travel insurance.
  • Consider a card with a lower credit score requirement if you’re just starting to build or rebuild your credit.

Summary

While having bad credit can make it difficult to get approved for an American Express card, there are options available. Consider a secured card or a card with a lower credit score requirement, such as the Blue Delta SkyMiles Credit Card. Make sure to read the fine print and understand all the benefits of your card. With responsible use, you can improve your credit score and qualify for even better credit cards in the future.