Is Gold Card Higher Than Platinum? Both Amex Gold and Platinum offer a range of benefits, with the Gold card catering more to everyday spending and the Platinum card designed more for travelers. The Platinum card has more benefits, but it's annual $695 fee is higher than the Gold card's $250 fee.
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.
The Black Card has a hefty $10,000 initiation fee, a $5,000 annual fee, and offers many travel perks. The Platinum Card has a $695 annual fee with many travel-related perks, and cardholders can earn points for every dollar spent. Besides Black and Platinum, American Express offers a line of 17 other cards.
The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an invitation is needed to apply.
Who's this for? If you consider yourself a foodie, the American Express® Gold Card could be the ideal luxury card for you. This card earns a competitive 4X points per dollar spent at restaurants and 4X points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
The first gold cards were a status symbol for the rich, but now you can get them with any credit score. The appeal of gold cards hasn't changed much, though: they still indicate higher spending power and give you access to airport lounges and other perks that regular credit cards don't offer.
Is it hard to get an Amex Gold Card? Yes, it is hard to get the American Express® Gold Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.
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.
The American Express Platinum Card
It has more travel perks than the Gold card. Rewards points can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website. Points can also be transferred to other frequent flyer programs.
You may have heard of Amex's main three “colors” of personal cards: the American Express® Green Card, the American Express® Gold Card and The Platinum Card® from American Express.
What Credit Card Do the Super Rich Use? The super rich use a variety of different credit cards, many of which have strict requirements to obtain, such as invitation only or a high minimum net worth. Such cards include the American Express Centurion (Black Card) and the JP Morgan Chase Reserve.
The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.
The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees. Amex cards are targeted toward people with good credit and high incomes who are likely to charge large amounts to their cards every month.
The gold quality is determined by the amount of pure gold in the piece. While white gold may seem like a cheaper option for the same look, it is actually a less strong metal than platinum. Platinum will scratch easier as it is a movable metal, but Platinum is stronger against breakage.
Yes, you can easily upgrade your Amex Gold card to the Amex Platinum card by calling the customer service number on the back of your Amex Gold card or using the chat feature on the American Express website.
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.
Maximize Points-Earning Potential
If you own both cards, use the Amex Platinum to pay for flights and prepaid hotels and the Amex Gold to pay for your supermarket and dining purchases to earn the most points possible on every dollar you spend.
American Express does not disclose a specific income requirement, but it must be enough to make payments on the card and to afford the $250 annual fee. Amex doesn't openly state any other Amex Gold card requirements, but there are plenty of other factors that Amex considers during the approval process.
In response, airlines and card issuers have begun to offer airport lounge access, helping ease the path for loyal customers. But not all flights — and not all credit cards — offer airport lounge access. Regrettably, the American Express® Gold Card falls into the latter category and doesn't currently offer this perk.
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.
The Amex Platinum consistently has one of the most valuable welcome offers out there. Currently, you can earn 80,000 Membership Rewards points after spending $6,000 during your first six months of card membership.
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.
Yes, the Amex Gold card is a metal credit card. New Amex Gold card applicants don't need to specify that they want a metal card, either. This is the standard design for this card. The metal Amex Gold card doesn't work any differently than a plastic card, though it will be more durable.
Which Amex card is the easiest to get? The easiest Amex cards to get are ones with a lower minimum spending requirement for rewards, as well as a low annual fee or no annual fee. Examples include the Blue Cash Everyday Card from American Express and the American Express Cash Magnet Card.
Can you waive the Amex Gold's annual fee? Unfortunately, the American Express® Gold Card's annual fee is something that normally can't be waived. However, if you're considering downgrading or canceling your card, you can try calling Amex customer service and asking for a retention offer.