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

[BestBanker]

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

 

[yolofino]

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

Are you an Amex agent?

 

[BestBanker]

Are you an Amex agent?

Yes. I am with American express

 

[Pavan]

When the companion cards will be issues or can a existing customer can convert existing card to companion cards ?

 

[SachuHopes]

Yes. I am with American express

If i apply for MRCC Do I need to submit the income doc again? Already have smartearn card, 2 days old 😁, my original plan was mrcc but due to low income doc i applied for smartearn.

@Wealth is my birth right! Any idea bro?

 

[BestBanker]

When the companion cards will be issues or can a existing customer can convert existing card to companion cards ?

Yes you can now convert. Let me know if you would like to do so

 

[BestBanker]

If i apply for MRCC Do I need to submit the income doc again? Already have smartearn card, 2 days old 😁, my original plan was mrcc but due to low income doc i applied for smartearn.

@Wealth is my birth right! Any idea bro?

You can call customer care and ask for the same. They will do it for you. But income docs will be required

 

[SachuHopes]

You can call customer care and ask for the same. They will do it for you. But income docs will be require

Oh , oke because I saw few people getting approved without income doc

 

[BestBanker]

Oh , oke because I saw few people getting approved without income doc

Not immediately but you try after sometime. You are salaried or self employed and what's your annual Income

 

[Parvesh Goyal]

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

I am self employed and a partner in my firm. Can I get business card for my company spendings? If yes what's the reward scenario for business cards? Pls inform. Thanks in advance.

 

[Wealth is my birth right!]

If i apply for MRCC Do I need to submit the income doc again? Already have smartearn card, 2 days old 😁, my original plan was mrcc but due to low income doc i applied for smartearn.

@Wealth is my birth right! Any idea bro?

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.

 

[BestBanker]

I am self employed and a partner in my firm. Can I get business card for my company spendings? If yes what's the reward scenario for business cards? Pls inform. Thanks in advance.

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

 

[Pavan]

Yes you can now convert. Let me know if you would like to do so

yes i have gold and mRCC please can i convert ?

 

[BestBanker]

You can opt for platinum Reserve or platinum charge

 

[Pavan]

You can opt for platinum Reserve or platinum charge

can't we club MRCC and Gold ?

 

[BestBanker]

No. Its not possible.

 

[Pavan]

No. Its not possible.

MRCC + platinum charge ?

 

[Gautham]

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

Payslip is enough right for salaried? Form 16 and 26as also needed?

 

[BestBanker]

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.

 

[BestBanker]

MRCC + platinum charge ?

If you are going to take Platinum charge the basic cards can be companion . You can get reserve also . Let me know if you wish to take platinum charge