AMEX BCP $8K Auto CLI (2024)

FAQs

Is Amex BCP hard to get? ›

The Blue Cash Preferred® Card from American Express is a highly sought-after credit card with lucrative perks, but it requires a good credit score and proof of creditworthiness to qualify. Fortunately, Amex offers a preapproval tool to see if you qualify for the card before you apply and submit to a hard credit check.

American Express credit cards will only consider credit line increases on credit card accounts that have been open for at least 60 days. The company doesn't engage in hard pulls for credit limit increase requests, meaning your credit score won't be affected.

8,000 American Express points are worth about $54, depending on which American Express credit card you have and what you spend the points on. You will get the best value for your American Express points when you redeem them for Travel, but there are multiple redemption options.

Amex may automatically increase your card's credit limit if you use it responsibly. If Amex does not offer an automatic increase, you may request one on your own. You need to wait at least 60 days from account opening to request a credit limit increase.

Centurion® Card from American Express

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

You are eligible to apply for a credit limit increase every 3 months.

If you request a credit limit increase and your credit card issuer uses a hard inquiry to review your credit, it could temporarily lower your credit scores. If an issuer proactively raises a cardholder's credit limit, it may involve a soft inquiry, which doesn't affect credit scores.

Does American Express automatically increase credit limits? American Express may automatically increase your credit limit as often as every six to 12 months. However, just because you haven't received an automatic increase doesn't mean you're not eligible. You should reach out to American Express to see if you qualify.

How many Amex points is a $2000 flight? ›

As a general guide, the point value can range from 0.5 cents per point to more than 2 cents per point, depending on how you redeem them. Therefore, 1 million AMEX points could be worth anywhere from $5,000 to $20,000 or more, depending on the redemption method.

There are a few reasons this might be the case. If you've requested an increase recently, American Express might deny a second request. Try again after more time has passed. Other reasons for denial could be a consistently high card balance, frequent late payments, or a low credit score.

Typically, the bank will consider increases from 10% to 25% of your current limit. Anything higher could trigger a hard inquiry on your credit report, and that can in turn lower your credit score.

Debt-to-income ratio

This ratio calculates how much debt you have compared to your income. The more debt you carry, the less likely you are to qualify for a large credit limit with your credit card. The higher the income you have, the more likely you are to receive a higher credit limit.

If you have a good to excellent score (670-850 points) your application for a business card may be accepted even if your business credit score is low or non-existent. The credit limit and interest rate on the card will then be based on your personal credit score.

Yes, Amex does a hard pull on your credit report whenever you apply for one of its business credit cards. A hard pull usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.

No, the Blue Cash Preferred^® Card from American Express is not a metal credit card, it's made of plastic.

Yes, it's hard to get an American Express card because you will need a good or excellent credit score for approval, along with enough income for monthly bill payments. American Express cards are generally considered some of the most exclusive credit cards on the market.