Is Amex platinum a hard card to get?

Is Amex platinum a hard card to get?

Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have good or excellent credit and make a lot of money, you have a good shot.04-Mar-2022

What qualifies for Amex Platinum?

Getting approved for the American Express Platinum is like any new credit card application. You have better chances with a credit score above 700, a clean credit history, and a low debt-to-income ratio. If you think you might have to work on these factors, take the time to improve your credit to enjoy the benefits.04-Oct-2022

What is the American Express Platinum card limit?

Does American Express Platinum have a credit limit? No, the American Express Platinum card doesn't have any preset spending limit. That does not give cardholders unlimited purchasing power, though. It means American Express won't give you a specific credit limit once you're approved for the card.19-Dec-2022

Is American Express Platinum Card luxury?

Our quick take: The Platinum Card® from American Express is the king of luxury rewards travel cards, perfect for demanding travelers who place a high degree of value on perks like lounge access and complimentary elite status.20-Dec-2022

Why is Amex Platinum so popular?

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual card credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Why do wealthy people use Amex?

' Their cards offer some of the best rewards and insurance programs. Many offer concierge services that can be used with the rewards points. Why do rich people always buy expensive stuff and not cheap stuff?

What is the highest Amex card?

the Centurion card

Is Amex platinum or gold better?

Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.19-Dec-2022

Can I buy a car with Amex Platinum?

If you have the Platinum Card and want to use it for a new car purchase, you'll just need to call American Express ahead of time to let them know your plan. They can put a note on the account about the transaction so it doesn't get flagged for fraud and declined.28-May-2020

What is the hardest American Express card to get?

The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.30-Nov-2022

Do I have to pay off my Amex Platinum every month?

You must pay at least the Minimum Payment Due by the Payment Due Date each month. The Minimum Payment Due includes all charges that were not added to a Pay Over Time and/or Cash Advance or Plan balance, plus a portion of your Pay Over Time and/or Cash Advance balance, any interest accrued, and any Plan Payment Due.

Does everyone get approved for Amex Platinum?

Most Amex Platinum cardholders have a credit score of 670 or better, and relatively high income. But your score alone does not fully decide whether or not you will be approved. If you have a strong credit score with a few years of credit history and a decent annual income, you stand a good chance of being approved.15-Dec-2022

Is Amex platinum worth the money?

The Amex Platinum Card is only worth the annual fee if you'll use enough benefits to recoup the fee. You could easily offset the fee with the statement credits alone, but this card also offers the chance to earn boosted rewards on travel purchases, too.17-Nov-2022

Can you get Amex Platinum fee waived?

Here's how to get the American Express Platinum card annual fee waived: Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945.04-Feb-2022

Is Amex a high end card?

Make no mistake --- the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Why is Amex so hard to get?

Yes, it's hard to get an American Express card because they all require good or excellent credit for approval. But American Express isn't the only credit card company to target people in the highest tiers of the credit score scale. Barclays and Wells Fargo do too, for example.09-Dec-2022

Does Amex still have a black card?

The American Express Centurion Card is the official name of the Amex Black Card. The Black Card is a high-end, exclusive charge card issued by American Express. Platinum Card holders must meet certain criteria to be extended an invitation. The American Express Black Card comes in personal and business variants.

How much is 100k Amex worth?

100,000 points are worth $2,200 per our valuations, and you can use them in a variety of different ways. Think international business class, free domestic airfare, and stays in luxurious hotel suites.

How many Amex cards is too many?

five American Express

Does Amex ever increase credit limit?

Yes, Amex increases credit limits automatically. This might happen if you have excellent creditworthiness and make all your payments on time. Paying your balances in full each month or maintaining a low credit utilization ratio might also work in your favor.

How do I get an Amex black card?

Make at Least $250,000 in Purchases on Your Amex Cards Although Amex doesn't publish a spending threshold to get invited, a solid rule of thumb is that you need to make at least $250,000 in annual purchases across all of your Amex cards.07-Aug-2022

Is Amex platinum a hard card to get?