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

 

[theglobalinvestor]

What is the criteria for Centurion Black card?
Have heard it's offered to millionaires. If it's confidential, a few pointers will be helpful(something for instance if annual salary is 2 Cr+, Centurion might be considered).

I've heard $100k+/year spend history on existing card. But most people are invited based on their fame, status and income. Not invited based on any specific eligibility criteria.

 

[theglobalinvestor]

If you win Wimbledon for example you will get an invite the same day.

 

[paipurivamsi]

@BestBanker Why is AMEX is hellbent on the current address proof ? PSU employees will be moving to different places on transfers. How can AMEX expect to change the aadhar address everytime one moves to new place? My application of smartearn is put on hold/cancelled due to this sillly reason. Even other banks citi and icici also have same set of documents for address proof but do not insist customer to submit the copies. Instead they do physical KYC and issue cards. AMEX is still living in the world of COVID where the entire world is moving on? It is also pathetic that AMEX do not accept the LPG cylinder bill copy & my company quarters allotment letter as address proof as I submitted the same to ICICI and got Rubyx Card.

 

[Wealth is my birth right!]

Only if you are able to fulfill spend criteria . In MRCC number of transactions also has to be taken care of..

For mrcc 1500*4 for 100 rp
Then overall 20k spend in mrcc another 1k rp
Note 20k covers 1.5*4 as well

 

[BankExpertIndia]

@BestBanker I Want To Get Business AMEX Card... I Have GST Statements Of My Company... What's The Minimum Required Turnover To Get Any AMEX Card... Personal ITR Is Less Than 6L.

 

[BestBanker]

@BestBanker I Want To Get Business AMEX Card... I Have GST Statements Of My Company... What's The Minimum Required Turnover To Get Any AMEX Card... Personal ITR Is Less Than 6L.

What's your income in ITR 3/4 Sugam copy

 

[coinhunter]

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

Is there a way to get an Amex card even if the location is not in a serviceable area? I already have an existing Amex card but it is not based in India.

 

[BestBanker]

Is there a way to get an Amex card even if the location is not in a serviceable area? I already have an existing Amex card but it is not based in India.

What's your current city and its pincode ?

 

[coinhunter]

What's your current city and its pincode ?

Sent you DM. Please check

 

[sahilcapricorn]

@BestBanker where are you based? Can you help with SmartEarn CC? I applied online recently and got denied.. I held Platinum Travel from 2016 to 2017 that I got closed.. Let me know.. DM pls

 

[Gautham]

@BestBanker where are you based? Can you help with SmartEarn CC? I applied online recently and got denied.. I held Platinum Travel from 2016 to 2017 that I got closed.. Let me know.. DM pls

Any reason they said for rejection?

 

[sahilcapricorn]

Any reason they said for rejection?

Instant denial after filling the details

After reviewing your application, it has come to our notice that the details provided in your application do not meet our internal requirements for Card issuance. As a result, we are not able to process your application.

 

[pxg]

Is it possible to only apply with 26AS for self employed?

After 44ADA and deductions, it's under 5L but the 26AS shows credits of 75k pm

 

[BestBanker]

Is it possible to only apply with 26AS for self employed?

After 44ADA and deductions, it's under 5L but the 26AS shows credits of 75k pm

Yes . You can apply. Will have to see ITR 3/4 Sugam copy

 

[BestBanker]

Hi would you like to take an amex card

 

[22tarush]

various surrogates?? can you tell about it a bit more?

 

[BestBanker]

Its for Platinum charge card. Business card surrogate ,Premium car surrogate ,Card surrogate

 

[DS111]

My permanent address pincode is not in the service area for american express card but my delhi address pincode is in american express service area so can i apply for the card

 

[Parvesh Goyal]

Its for Platinum charge card. Business card surrogate ,Premium car surrogate ,Card surrogate

What does surrogate stands for in credit cards?

 

[Wealth is my birth right!]

What does surrogate stands for in credit cards?

AFAIK its considering income purely non-independant like bank statements without payslip/ITR