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American Express (Canada) makes churning easier for students!

Per Jayce at PointsNerd, American Express (Canada) is making big changes to their underwriting terms for new accounts. Previously, you needed to have a credit file clear of any bankruptcies within the past seven years, and each card had a minimum income requirement. As of today, those requirements have apparently changed. The new underwriting requirements are as follows:

  • You cannot have a bankruptcy on file that is younger than two years old, and;
  • There is no minimum income requirement.

This is huge news for churners in Canada, and especially for those new to the game, are students, low-income, etc.  Even if you have little income as a student (however, always remember, there’s ‘family income’), you won’t be restrained by a minimum income requirement with American Express, meaning your odds of being approved possibly increase dramatically. American Express offers the best credit cards for earning points and miles in Canada…

AMEX Gold (Personal)

Get 30,000 Membership Rewards points with the AMEX Gold (Personal), convertible into 30,000 Aeroplan miles, after spending $1,500 in three months, and adding a (free) authorized user to the account. There is no fee for the first year, and it’s an incredibly easy card to be approved for. This should be the first card anybody in Canada gets to start their churning game, and the bonus has never been higher!

a credit card with a picture of a man
Source: American Express (, retrieved 2016-11-18.

Does this change in AMEX’s underwriting requirements help you?

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