Income Eligibility and the new list of documents that can be accepted for American express cards . Please check and share your thoughts and questions

[BestBankerBestBanker is verified member.]

For all the cards eligibility is 6L except Platinum charge card for which you need 15L for Self employed and 25L if you are salaried.

List of documents that can be accepted

For Self-employed :

ITR Acknowledgement
ITR3/ITR 4/Sugam copy
Form 26AS

For Salaried :

ITR Acknowledgement or form 26AS
Pay slips or Form 16

There are various surrogates as well like Premium car surrogate, Business Card surrogate, Income waiver options, Company ITR if its a partnership firm and many more.
Let me know if you want to know more . Thank you

 

[Gautham]

Hi Gautham, Pay slips is enough if its MNC or else Pay slips and bank statement for other companies.
But i will suggest you to go with Form 16 as it will have variables also included. It will get you better limit and approval rate is also higher.

That's my problem. Recently only got 70% hike 5 months ago that is not reflected yet in form 16 I believe.

 

[BestBankerBestBanker is verified member.]

What's your new CTC now ?

 

[Parvesh Goyal]

You get business card in reserve and platinum charge. Two cards with one account to segregate personal and official spending

I m having MRCC in personal capacity. So as per my understanding should I take Amex Reserve Business variant for my company spendings?

 

[BestBankerBestBanker is verified member.]

I m having MRCC in personal capacity. So as per my understanding should I take Amex Reserve Business variant for my company sp

Hi Goyal, You can get a personal Reserve card with which you will also get one more reserve for official spends. It will help you in segregating personal and official spends. Let me know if you are interested

 

[SachuHopes]

In my experience only for smartearn all lengthy process and after 15 days i applied on a same day for gold charge and MRCC for which no VKYC, hard CIBIL just next day AmEx approved both 2 cards and 3rd day got 2 different bluedarts.

So they don't have a cooling system or a timeframe for fresh applications? As i approved for Smartearn earn just 3 days ago

 

[Wealth is my birth right!]

So they don't have a cooling system or a timeframe for fresh applications? As i approved for Smartearn earn just 3 days ago

As long as we r eligible they're happy to issue cards even daily haha.
During a cc talk since I own 3 cards the cc guy even thanked me for providing them good business (really AmEx stands at their standards)

 

[BestBankerBestBanker is verified member.]

MRCC + platinum charge ?

Yes you can

 

[visvin]

Are you an Amex agent?

Nice! Perhaps you can solve one mystery for me 🙂
I have had MRCC since 2018, started with 4L limit and till date never rec'd one CL enhancement offer. Does Amex roll out CLE? If so, is there a criteria one should need to get it?

 

[BestBankerBestBanker is verified member.]

We didn't do any credit enhancement since pandemic but you can call customer care and request. They will ask for your latest income docs to review and increase you limit

 

[Lakshya Mahani]

Nice! Perhaps you can solve one mystery for me 🙂
I have had MRCC since 2018, started with 4L limit and till date never rec'd one CL enhancement offer. Does Amex roll out CLE? If so, is there a criteria one should need to get it?

I got LE 2 times in 1 year just by calling customer care, they asked annual income and increased the limit to 50% of the current limit.
Started from 1.10 lakhs, as of date-2.48 lakhs.

 

[Divyank gulabani]

@BestBanker hey I want an Amex card can you please help me !!

 

[BestBankerBestBanker is verified member.]

Yeah sure

 

[Kenu73]

Not exactly true. I automatically got LE offer just few months ago

We didn't do any credit enhancement since pandemic but you can call customer care and request. They will ask for your latest income docs to review and increase you limit

 

[gabu]

There are various surrogates as well like Premium car surrogate, Business Card surrogate, Income waiver options, Company ITR if its a partnership firm and many more.

can you explain these in detail... Like income waiver details?

 

[Wealth is my birth right!]

Not exactly true. I automatically got LE offer just few months ago

Yes Amex is generous with limits as long as u r a good spender their analytics are good to favor us

 

[BestBankerBestBanker is verified member.]

There are various surrogates as well like Premium car surrogate, Business Card surrogate, Income waiver options, Company ITR if its a partnership firm and many more.

can you explain these in detail... Like income waiver details?

This is for Platinum charge card

 

[BestBankerBestBanker is verified member.]

Not exactly true. I automatically got LE offer just few months ago

Rare case scenario. Very few gets this

 

[varunagarwal]

does amex issue cards in tier 2 cities ?

 

[BestBankerBestBanker is verified member.]

City and pincode ?

 

[Satish]

Not exactly true. I automatically got LE offer just few months ago

how old is your card & which variant?