Are you considering applying for the Amex Blue Cash Everyday card? This popular rewards credit card offers numerous perks and benefits, making it an appealing option for those looking to maximize their cashback rewards. The minimum recommended credit score for this credit card is 685. However, it’s worth noting that there have been reports of approvals with a score as low as 630.
Understanding Credit Score Factors
Credit scores are calculated based on a variety of factors, including payment history, credit utilization, length of credit history, types of credit, and recent credit inquiries. Each of these factors contributes to your overall creditworthiness, which is what lenders use to determine whether to approve you for credit.
How to Increase Your Chances of Getting Approved for the Amex Blue Cash Everyday Card
If you’re looking to increase your chances of getting approved for the Amex Blue Cash Everyday card, it’s crucial to take a proactive approach to improve your credit score and overall financial standing. Here are a few key steps to consider:
- Check your credit reports: Regularly monitoring your credit reports can help you identify any errors or discrepancies that may be negatively impacting your credit score. You can obtain a free copy of your credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) once a year at AnnualCreditReport.com.
- Pay bills on time: Your payment history is the most significant factor in determining your credit score. Make sure to pay all your bills on time, including credit cards, loans, and utility bills. Setting up automatic payments or calendar reminders can help you stay on top of due dates and avoid late payments.
- Reduce credit utilization: Credit utilization refers to the percentage of your available credit that you’re currently using. Aim to keep your credit utilization below 30% by paying off high balances and not maxing out your credit cards. This demonstrates responsible credit management and can have a positive impact on your credit score.
- Diversify your credit mix: Having a mix of different types of credit, such as credit cards, installment loans, and mortgages, can be beneficial to your credit score. This shows lenders that you can manage different types of credit responsibly.
- Limit new credit inquiries: Applying for multiple credit cards or loans in a short period can result in several hard inquiries on your credit report, which can temporarily lower your credit score. Space out your applications and only apply for credit when it’s necessary.
Need help improving your credit score?
If you’re struggling to improve your credit score on your own, seeking professional help can be an effective strategy. Credit Saint is a reputable credit repair company with many years of experience helping clients dispute and potentially remove negative items from their credit reports. Among the items they can help address are:
- Late payments
- Charge offs
If you’re struggling with bad credit and want to increase the likelihood of getting approved for new credit, consider visiting their website and filling out the form for a free credit consultation.