If you’re searching for an excellent cash-back credit card to help you accrue points on regular purchases, you may have looked into American Express’s Blue Cash Preferred® Card. The card earns an impressive 6% back on U. S. supermarkets (up to $6,000 in spending each calendar year; then 1%) and select U. S. streaming services, 3% back on transit and U. S. gas stations and 1% on everything else — $0 intro annual fee, then $95 (see rates and fees). Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.
Seems like the perfect card for you? Check your credit score before applying to ensure you have the best chance of being approved for the card.
The American Express Blue Cash Everyday® Card is a popular cash back credit card that offers a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. But what credit score do you need to qualify for this card?
According to Forbes Advisor, the recommended credit score for the Amex Blue Cash Everyday is a good to excellent FICO score (670 to 850). However, you may have a better chance of qualifying for the card if you have at least a very good FICO score (740 to 799).
The credit score ranges based on the FICO scoring model are broken down as follows:
- Good: 670-739
- Very good: 740-799
- Exceptional: 800+
It’s crucial to understand that American Express considers other factors in addition to your credit score when deciding whether to grant you this card. They also take into account other elements like your income, work status, debt-to-income ratio, credit history with American Express, and credit history in general.
Here are some tips for improving your credit score so you can qualify for the Amex Blue Cash Everyday card:
- Pay your bills on time. This is the most important factor in your credit score. Even a single missed payment can cause your score to drop.
- Keep your credit utilization ratio low. Experts recommend keeping your credit utilization at 30% or less of your total credit limit. High credit usage can negatively impact your credit score.
- Check your credit report for inaccuracies. Errors in your credit report can result in significant damage to your score. So, it’s important to stay vigilant and dispute any errors. You can get a free credit report from the three major credit bureaus annually by visiting annualcreditreport.com.
- Avoid applying for too many new credit accounts at once. Sending multiple credit card or loan applications in a short period of time can result in multiple hard inquiries on your account, which could lower your credit score.
- Consider alternative ways to build your credit. If you have little to no credit history, you can build your credit profile through a secured credit card or by becoming an authorized user on someone else’s account.
If you’re not sure what your credit score is, you can check it for free on a number of websites, including Credit Karma, NerdWallet, and WalletHub Once you know your credit score, you can start taking steps to improve it so you can qualify for the Amex Blue Cash Everyday card
Further considerations regarding the Amex Blue Cash Everyday card are as follows:
- The card has a $0 annual fee.
- The card earns 3% cash back on U.S. supermarket purchases, on up to $6,000 per year in purchases, then 1%.
- The card earns 3% cash back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
- The card earns 3% cash back at U.S. gas stations, on up to $6,000 per year, then 1%.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
Overall, the Amex Blue Cash Everyday card is a great option for people who want to earn cash back on everyday purchases. If you have a good to excellent credit score, you should be able to qualify for this card.
Frequently Asked Questions
Q: What is the minimum credit score needed for the Amex Blue Cash Everyday card?
A: The minimum credit score needed for the Amex Blue Cash Everyday card is a good to excellent FICO score (670 to 850). However, you may have a better chance of qualifying for the card if you have at least a very good FICO score (740 to 799).
Q: What other factors does American Express consider when approving applications for the Amex Blue Cash Everyday card?
A: American Express takes into account your income, employment status, debt-to-income ratio, credit history with Amex, and overall credit history in addition to your credit score.
Q: How can I improve my credit score so I can qualify for the Amex Blue Cash Everyday card?
A: You can improve your credit score by paying your bills on time, keeping your credit utilization ratio low, checking your credit report for inaccuracies, avoiding applying for too many new credit accounts at once, and considering alternative ways to build your credit.
Q: What are the benefits of the Amex Blue Cash Everyday card?
A: The American Express Blue Cash Everyday card has an annual fee of $0% and offers 3% cash back on usage. S. supermarket purchases, on up to $6,000 per year in purchases, then 1%. The card also earns 3% cash back on U. S. online retail purchases, on up to $6,000 per year, then 1%. And it earns 3% cash back at U. S. gas stations, on up to $6,000 per year, then 1%. Reward Dollars are earned in the form of cash back and can be redeemed at Amazon or as a statement credit. com checkout.
If you want to get cash back on regular purchases, the Amex Blue Cash Everyday card is a great choice. You ought to be able to get approved for this card if your credit score is good to exceptional.
How to check your credit score
In fact, American Express provides a tool called MyCredit Guide that allows you to access your Vantage 3 credit score even if you do not currently have a card. 0 score. When you register or log in, your credit score will be displayed on an easy-to-read scale. Additionally, you will be able to view your credit score, a summary of the Amex cards you are most likely to be approved for, and a credit summary providing you with an update on your late payments, newly opened accounts, current balances, and other credit-related factors.
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Additionally, there are several ways to check your credit score through third-party services and other issuers.
Credit score required for the Blue Cash Preferred (Photo by The Points Guy)
There is no specific credit score required to be approved for the Blue Cash Preferred. Like other issuers, Amex looks at a number of factors to make an approval decision. So having a certain credit score wont automatically mean youll be approved for the card. When applying for the card, Amex does advise having “good to excellent” credit, so you should try to get at least a 670 score. Given the state of the economy and the fact that many credit card issuers are reducing the number of approvals they grant, it is ideal to have a credit score of 700.
Being a mid-tier credit card, the Blue Cash Preferred is usually easier to apply for than premium travel credit cards like the Chase Sapphire Reserve or the American Express Platinum Card®. Despite having a short credit history, TPG employee Austin Konkle was granted his first credit card, the Blue Cash Preferred.