So you’re thinking of applying for an Ameriprise Bank credit card. But what credit score do you need to be eligible for an account?
Unfortunately, the credit score needed for an Ameriprise Bank credit card isn’t disclosed. However, that doesn’t mean your credit score is the only factor that will be considered when you apply for a new account. Ameriprise will also take into account your:
- Income
- Debts
- Payment history
- Previous relationship with Ameriprise Bank
So even if your credit score isn’t perfect, you may still be eligible for an Ameriprise credit card. Let’s take a closer look at each of the factors that will be considered during the application process.
Factors That Ameriprise Bank Considers When You Apply for a Credit Card
Income
Your income is one of the most important factors that will be considered when you apply for an Ameriprise credit card. That’s because your income is a good indicator of your ability to repay any debts you may incur on your new credit card.
Ameriprise will want to see that you have a steady stream of income coming in every month, whether from employment, investments, or other sources.
They’ll also consider how much debt you currently have and whether you’ll be able to make your monthly payments on time and in full.
Debts
Your current debts will also be taken into consideration when you apply for an Ameriprise credit card. Ameriprise will want to see that you’re not overextended financially and that you have enough room in your budget to make the monthly payments on your new credit card.
They’ll also look at the types of debts you currently have and whether you’ve been timely with your payments.
Payment History
Your payment history is another important factor that will be considered during the application process. Ameriprise will want to see that you’ve been timely with your payments in the past and that you’re not currently delinquent on any accounts.
They’ll also look at the types of accounts you’ve been timely with—for example, they may give preference to applicants who’ve always paid their rent or mortgage on time as opposed to those who’ve only made their credit card payments on time.
Previous Relationship with Ameriprise Bank
If you already have a checking or savings account with Ameriprise Bank, that could work in your favor when you apply for a credit card. Previous customers are generally seen as less of a risk than new customers, so having an existing relationship with Ameriprise may increase your chances of being approved for a new account.
>>Read More: How to Change Your Credit Score Illegally
Conclusion:
While we can’t say definitively what credit score is needed for an Ameriprise Bank credit card, we can tell you that it’s just one of many factors that will be considered during the application process.
Other factors such as your income, debts, payment history, and previous relationship with Ameriprise Bank will also come into play. So even if your credit score isn’t perfect, you may still be eligible for an Ameriprise credit card.
Do you have more questions about credit scores or credit cards? Please ask us in the comments below!
