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How to apply for an American Express® Credit and Charge Card?

 

 

 

From buying everyday groceries to enjoying your dream vacation, Credit or Charge Cards have become a handy tool to give wings to your wallet. Perhaps you already carry a Card, and are looking for another one; or you may also be someone looking for your first Card, here is all the information you’ll need to apply for an American Express Credit or Charge Card.


 

Why use a Credit Card?

 

A Credit Card can open several doors in personal finance for you. Here are a few reasons why you must apply now for a Credit Card or Charge Card.

 

  • Flexibility:
    You gain incredible flexibility in your spending. You can buy now and pay later, manage your outgoings more carefully, and access emergency money at any time. 

  • Build your Credit Score:
    Having a Credit history is significant when you apply for a loan because it gives the lender insight into your financial health. You can improve your Credit score. Using a Credit Card regularly and repaying the balance every month on time will help you build a better Credit rating. And this, in turn, makes it easier for you to secure a home loan or bigger personal loans. 

  • Exciting offers and benefits: 
    Owning a Credit Card is also a great way to enjoy lifestyle perks. Many Cards award you points for the money you spend using the Card. You can use these Membership Rewards® points for a range of benefits and offers such as hotel stays, air miles, complimentary airport lounge access, etc. 

  • Online Fraud Protection Guarantee:
    Credit Cards and Charge Cards are safer to use as compared to cash. American Express Cards come with a Fraud Protection guarantee that absolves you of the liability for any fraudulent purchases. However, to ensure seamless resolution, the Cardmember   needs to inform American Express about any suspected fraudulent activity within three days.

  • Universal Acceptance:
    You can use your American Express Credit and Charge Cards even when abroad. Credit Cards are generally accepted worldwide.

Click on the button below to view all our cards and apply them.

 


 

When to Apply for a Credit Card?

 

Applying for a subsequent Credit Card makes sense if you have been responsible with your existing Credit Card and any other loans that you might have. Getting another Card will also help you bring down your credit utilization ratio. It is the percentage of your available credit that you are using (your Credit Card debt divided by your Credit limit). The credit utilization ratio is one of the factors used to compute your Credit score. For millennials and first-time Card applicants, it’s a good idea to use their Credit Card account to start building their credit history and, in turn, achieve a good Credit score. Having a credit history will help you establish that you are a responsible and trusted borrower. 


 

When You Should Not Apply for a Credit Card?

 

Applying for a Credit Card may not be a good idea for people in poor financial health. If you reach the Credit limit of your Cards often and can’t pay your bills on time, then it’s better not to consider another Credit Card till you set things right. Also, if your Credit score is already low because of bad payment history, another inquiry about your Credit score by the prospective Credit Card provider might affect it adversely. It might even deter the Credit Card provider from approving your Card. Applying for multiple Credit Cards in a short period can raise a red flag about you. It is better to wait for a few months before you apply for another Credit Card. 


 

Which Credit Card is the best for me?

 

The best Card for you will depend primarily on how you intend to use a Credit Card. An excellent place to start is with an understanding of your spending habits each month and how you will repay the balance.

 

  • Credit Cards
    Credit Cards charge monthly interest based on the Annual Percentage Rate (APR). Credit Card(s) allow you to repay your Card balance in full or partially each month .Partial payment will attract extra charges/interest. Credit Cards also allow you to build up rewards and take advantage of additional benefits; just for using the Card. Choosing a Credit Card based on your lifestyle habits allows you to gain a great range of benefits. View All Our Credit Cards

  • Charge Cards
    The outstanding balance on a Charge Card is repaid, in full, at the end of every month. If you are certain that you will always have a sufficient bank balance to make repayments, then a Charge Card is a useful tool to manage your finances. Like Credit Cards you can gain Membership Reward Points to spend on a variety of benefits. Our Platinum Card gives a great range of bonuses in a single Charge Card. The American Express Gold Card allows you to collect Reward Points for much of your regular shopping. The American Express Platinum Card allows you to enjoy a range of travel benefits including air miles, free hotel stays and use of exclusive airport lounges.

Both Credit Cards and Charge Cards will help you build a Credit rating. Before you apply for a Card, look at the interest rates, rewards and bonuses to see what suits you the most applying for a Card.

 

Before you apply for a Card, you need to check the basic eligibility criteria first. The critical requirements for American Express Credit and Charge Cards (and most Credit Cards in India) are:

 

  • Legal age
    You must be aged 18 or above to be able to apply for a Credit Card in India.

  • Indian residency status
     You must qualify as an Indian resident and have a permanent residential address.

  • Indian Credit file
    You must have an Indian Credit file or Credit history associated with you. You will have a credit file if you have owned a Credit Card or Charge Card from any other provider. Though some banks don’t need you to have a Credit history for applying for a Credit Card with them.

  • No history of bad debt
    You should have a good Credit score. You shouldn’t have any history of bad credit. E.g., any earlier loans or an outstanding amount on Credit Cards, which you failed to repay on time.

  • Indian or multinational bank's savings or current account in India       
    You must have Indian savings or current account in an Indian or multinational bank.

  • Not filed for bankruptcy in the past 7 years
     You must not have filed for bankruptcy in the past 7 years  

 


 

How does my Credit score affect my application?

 

Your Credit score is a three-digit number provided by agencies such as CIBIL. The higher the score, the more trustworthy you're considered. It is influenced by your credit history, which has all the details of your accounts, including Cards and loans. It also contains minute details, such as your payment pattern.

 

Credit Card providers want to know your creditworthiness before approving your Credit Card application. For this, they investigate your Credit score. Credit score serves as a risk indicator to the Credit Card providers, letting them know how likely you are to repay your Credit Card bills on time. 

 

Your Credit score determines the interest rates you get offered on applying for a Credit Card. If you have a good credit history, you will be able to receive better interest rates and a higher Credit limit. You can find your Credit score by visiting the CIBIL website.

 


 

How to apply for a Credit Card or a Charge Card online?

 

You can apply for an American Express Credit Card or Charge Card online. The entire application can be completed online in as little as 10 minutes. Here are the steps you can follow:

 

  1. Start by visiting American Express’s Credit Card section here 

  2. Study and compare the various Cards being offered by American Express   and select the one that best suits your requirements.

  3. Click on the ‘Apply Now’ button of the selected Card.

  4. Once the application form opens in a separate window, provide your personal details such as name, date of birth, income, PAN no, and address details. Click on Save and continue to the next page. 

  5. This page will ask you for further financial details and additional information, such as your bank details. You can fill in the information and save and review it before you apply  for a card .

  6. Upon submission, you will get a confirmation that American Express   has received your application. 

  7. You will need to send American Express   the necessary documents to prove your legal status and identity. 
     

Your American Express Credit Card application status will be conveyed to you within 15 working days from the date of receipt of the application. If the submitted documents are as per American Express’s requirement, your application is complete in all respects. If the necessary documentation is not received or in case of any other exceptional scenario, American Express will notify the applicant on the decision within 90 days from the receipt of the application, beyond which an application is not processed. To help the process, please double check your entries and make sure that you have all the necessary documents ready.


Charge Cards & Credit Cards Explained

 

Has talk of interest, annual fees, rates and percentages left you feeling confused?

Our simple Credit and Charge Card guides are a great place to start.

 

What is Card Interest

How Credit Cards and Charge Cards work

 

What is Credit Limit

 

Earning Loyalty Points

 

Earn Air Miles

 

What is a Charge Card

 

What Card fees am I expected to pay

 

How to choose a type of Card

 

 

 


What do you want from a Card?

Everyone’s different, so you need a Card that has benefits that best suit your lifestyle.
Choose the Card with benefits that best suit you.

American Express® Platinum Card

 

Enjoy premium benefits and service

American Express Platinum ReserveSM Credit Card

Exclusive travel and lifestyle benefits

American Express Membership Rewards® Card

More value for your spends with bonus points

American Express Smart Earn™ Credit Card

 

Maximize reward points on everyday spends

American Express® Platinum Travel Card

Enjoy travel rewards

 

American Express® Gold Card

Access to an exclusive Gold Collection

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