Quick Answer: Who Is Eligible For Amex Platinum?

Is Amex Platinum prestigious?

The Platinum Card® from American Express is arguably the most prestigious card on the market.

New cardholders can earn a welcome bonus of 75,000 Membership Rewards® Points and the card earns up to 5x Membership Rewards points on eligible travel purchases..

What is the hardest credit card to get?

American Express Centurion CardWhy it’s one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

What is the highest credit limit for American Express?

The highest credit card limit is over $100,000 according to anecdotes from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms – and the highest minimum you’ll find is around $10,000.

Is American Express for rich?

The Platinum Card from American Express is a charge card, meaning your balance is due in full every month. This is both good and bad. As a rich person, you should have your credit card on auto pay each month. … But usually, AMEX will waive the fee once a year if you are a good customer.

What credit score is needed for Amex Platinum?

700The Amex Platinum credit score requirement is 700 or higher for good approval odds. Applicants need a good credit score or better to be approved for the American Express Platinum Card in most cases.

Which is better Amex gold or platinum?

The American Express Gold Card also is the better choice for people who spend a lot on dining. On the other hand, the American Express Platinum Card tops Amex Gold in terms of total rewards value. Amex Platinum offers more bonuses and also provides more points on travel purchases.

Does Amex Platinum build credit?

Charge cards, which include both the personal and business versions of the Amex Platinum Card, Amex Gold Card and Amex Green Card, don’t have a preset credit limit. … Note that Amex will still report your statement balances to the credit bureaus, even if they don’t affect your credit score.

How do I get my Amex Platinum fee waived?

To get American Express Platinum’s annual fee waived, call the American Express retention department at 1 (800) 452-3945. State that you’re considering cancelling or switching cards because of the high annual fee.

Is Amex Platinum card metal?

The Platinum Card® from American Express This card’s been around for a while, but was refreshed in 2017 and changed to a metal design. It includes many travel benefits, like airport lounge access, Uber credits, and a Global Entry or TSA PreCheck credit.

What is the limit of American Express platinum card?

American Express Platinum has no preset credit limit. That means the amount you can spend may change from month to month based on your usage of the card, credit history, income and more.

Is Amex platinum hard to get?

The Amex Platinum can be a hard credit card to get. It does have a high annual fee of $550 (See Rates & Fees). … Some experts recommend waiting two years to apply for the Amex Platinum after you get your first credit card. It largely depends on your credit history.

How much is 75000 Amex points worth?

Dollar value of Amex points But let’s look at the max value of about 2 cents per point, assuming you transfer strategically to a travel partner: 100,000 Amex points: $2,000. 75,000 Amex points: $1,500. 60,000 Amex points: $1,200.

How much is Amex Platinum annual fee?

The Platinum Card from American Express has a $550 annual fee, but for many travelers the card’s benefits will more than offset the annual fee.

What credit card do billionaires use?

1. Chase Sapphire Reserve® Regarded as one of the best premium travel cards on the market, the Chase Sapphire Reserve® is in the pockets of millionaires and more modest cardholders alike.

What is the most elite credit card?

American Express Centurion CardWhy It’s One of the Most Exclusive Credit Cards: The most exclusive, prestigious credit card is without a doubt the American Express Centurion Card, otherwise known as the Amex Black Card. That’s because it’s the most famous….Centurion® Card from American Express.Purchase intro APRTransfer intro APR1 point / $1None4 more rows

What is a 5 24 rule?

Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months.

How do I get an Amex Platinum 100k offer?

There are 2 main ways to find your Amex Platinum 100k-125k welcome bonus:Use the CardMatch Tool (best & fastest option) – there’s no credit pull to check to see if you have a 100,000 – 125,000 bonus offer.Get a targeted mailing.

Who has AMEX black card?

The American Express Black Card isn’t available to just anyone. It’s a charge card that’s offered to high-net-worth individuals (HNWIs) through an invitation.4 Think of it as an exclusive club.