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.
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 Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better.
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.
Is Amex Platinum worth it? Yes, Amex Platinum is worth its $695 annual fee for big spenders with good credit who travel frequently and can use benefits such as airport lounge access and airline fee credits.
Unlike some of the other cards on this list, The Platinum Card® from American Express is an elite card, but it's not invite-only. This accessible card is one of the best credit cards for millionaires.
Those 150,000 Amex points are worth $3,000, according to TPG's points and miles valuations. It could provide a major lift toward robust travel plans my wife and I have in the works for 2023, including a trip to Italy in March and a fifth anniversary trip to a resort to be determined next summer.
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.
To book, call the number on back of your eligible Card between 9am –10pm ET Monday through Friday and 10am -5pm ET on weekends. If prompted, say "By Invitation Only." You'll receive a confirmation email when your purchase is complete. We'll also send you an itinerary in the mail closer to the event date.
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.
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.
Your American Express Platinum card approval odds are good if you have a credit score of 700+, which is considered good credit. Approval odds for the American Express Platinum card will also be influenced by your annual income and existing debts.
Although American Express doesn't specify any minimum credit score requirements, you'll need good credit (or better) to qualify, which means a FICO score of at least 670. A premium Amex card — say, the American Express Gold Card — likely requires a “very good” FICO score, somewhere in the range of 740 and above.
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.
Yes, the American Express Platinum card is made out of metal. The American Express Platinum card is made of stainless steel and weighs 18.5 grams, compared to a traditional card made of plastic, which only weighs 5 grams.
A Platinum Amex also indicates you enjoy elite, luxurious travel perks. The card offers access to 1,400+ airport lounges and Amex's Fine Hotels + Resorts Program, plus perks with Saks Fifth Avenue and Uber.
American Express is one of the leading card issuers in the United States. It's known for its top-notch customer service and some of the best rewards available. From ultra-elite business travel cards to everyday rewards, American Express has credit cards that are a good choice for many different types of cardholders.
The minimum credit limit on a Mastercard Black card is $5,000. However, your credit limit could be higher depending on your creditworthiness.
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.
Next, consider the Platinum Card's benefits, such as earning 5 Membership Rewards per dollar on select airfare and hotel purchases, extensive lounge access, excellent travel protections, elite status with Hilton and Marriott, access to the Hotel Collection and Amex Fine Hotels + Resorts booking perks and more — and ...
The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.
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 waives the annual fee on all of their cards, including the AMEX Platinum. Cards opened while on active duty are waived with Military Lending Act (MLA). Cards opened before active duty are waived with SCRA.
You can downgrade the American Express Platinum card by calling customer service at (800) 528-4800. As an American Express Platinum cardholder, you can only downgrade to the American Express® Gold Card or the American Express® Green Card.