Can everyone get Platinum Card?

American Express generally requires a good to excellent credit score to qualify for The Platinum Card® from American Express. Terms apply. You'll want to have at least a 690 credit score before applying for the card. So, you may need to work on building your credit score before applying for the card.

Can anyone get a platinum card?

The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better.

How much do you need to qualify for a platinum card?

We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum. The Amex Business Platinum card gives you a little more wiggle room because even if you have low business income or are just starting your business, you can still qualify for an Amex small business card.

Does everyone get approved for Amex Platinum?

American Express Platinum card isn't the hardest Amex card to get, though. Its requirements are far more lenient than those of the Centurion® Card from American Express. This is an invitation-only card that comes with a $5000 annual fee. So, you need to have a high annual income to qualify.

Who gets Platinum credit card?

You will need a CIBIL score above 750 to be eligible for a platinum credit card. Since these cards have a higher credit limit, banks will thoroughly check your creditworthiness and previous credit behaviour. It is to ensure that you will be able to repay the loan amount on time.

The Amex Platinum Card - Honest 1 Year Review (2022)

Is it hard to get approved for a Platinum Card?

American Express generally requires a good to excellent credit score to qualify for The Platinum Card® from American Express. Terms apply. You'll want to have at least a 690 credit score before applying for the card. So, you may need to work on building your credit score before applying for the card.

Is there a credit limit on platinum?

The Platinum Card® from American Express has no preset spending limit, so the sky's the limit on this card. However, as a charge card, Amex expects you to pay your entire credit card debt every month. The card charges a high annual fee to offset its many benefits and rewards.

What salary do you need for a platinum Amex?

Salary Needed for Amex Platinum Credit Card

If you make nearly $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.

Why is Amex Platinum so hard 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 at least good credit and make a lot of money, you have a decent shot at getting approved.

What is the average income for Amex Platinum?

According to this, the average Departures reader (and therefore average Amex Platinum cardmember): Has a net worth of $4.3 million. Has a household income of $474,000.

Does Amex Platinum have no limit?

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise.

Does Amex check income?

While American Express probably won't ask to verify your income, it's not a good idea to lie about your income on an application. In fact, providing false information on a credit card application is against federal law. Therefore, you're much better off being honest when applying for an American Express credit card.

What is a no limit Platinum Card?

Unlike a traditional credit card, your Card has no preset spending limit, a unique feature that gives you flexible spending capacity. * This means the amount you can spend adapts based on factors such as your purchase, payment, and credit history.

Is Amex Platinum a status symbol?

The Platinum Card® from American Express (Terms apply. See rates and fees) was originally launched in 1984 with an annual fee of $250—unprecedented at the time. Since then, it has become one of the most popular and sought-after travel rewards cards, as well as a status symbol.

What is higher than platinum card?

A platinum credit card is usually a bank's most expensive or the top-tier card, second only to a titanium, black or diamond card if offered by the bank. It is often in the form of a rewards credit card.

Is platinum card invitation only?

What American Express cards have access to By Invitation Only? The By Invitation Only program is only available on the Amex Platinum card, Amex Business Platinum card, and Centurion card. It is not available on any other lower-end cards.

Are people with Amex Platinum rich?

No,. American Express is not specifically for rich people, even though it does have a high level of status in many people's minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don't need to be rich to have a good credit score.

Is Amex Platinum high end?

Our quick take: The Platinum Card® from American Express is the gold standard 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.

Why was i denied Amex Platinum?

The most common reason you'll be denied an Amex card even with great credit is that you're already at their limit. Specifically, American Express tends to restrict each cardholder to a maximum of four "lending products" (that means revolving credit lines, like credit cards) and up to 10 charge cards.

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.

What is the highest Amex card?

The American Express Centurion Card

The Amex Centurion (or Amex Black) is the highest level American Express card, but it has a very elite, invite-only membership and Amex does not officially publish its information.

What is the highest salary in Amex?

The highest-paying job at American Express is a Vice President (VP) with a salary of ₹90.7 Lakhs per year.

What credit card has a $100000 limit?

Chase Sapphire Preferred® Card

If your income is sufficient and your credit history strong enough, you could end up with a credit limit of $100,000 (or more) on the Chase Sapphire Preferred card. One of our favorite travel credit cards also charges a relatively low annual fee for being such a credit powerhouse.

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.

Does Amex Platinum Card build credit?

American Express can help your credit score if you are the primary accountholder or an authorized user aged 18 or older on an American Express credit card or charge card account. For an Amex card to be good for your credit score, the account must be kept in good standing with on-time monthly bill payments.