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Do you have to be rich to have an American Express Platinum card?
It will be difficult for the average person to get Amex Platinum because of the card’s 700+ credit score requirement and reportedly high income requirement. Anecdotal evidence suggests most people need to make at least $40,000 to $50,000 per year and that approval odds are best with $100,000 or more in annual income.
Is American Express only for the rich?
No. American Express is not specifically for rich people, though applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards. The rumor that American Express cards are for rich people might come from the fact that one card––the Centurion “Black” Amex––is, in fact, for rich people.
Why is Amex considered rich?
Rich people are smart and knows who can take care of their money and they expect hassle free services and Amex has extremely good customer service. coming back to bank,it has no monthly fees or minimum balance,well to your question rich people won’t care about it. secondly it gives a good interest rate.
Does Amex Platinum ask for proof of income?
No, American Express does not verify income on most credit card applications or credit line increase requests. If Amex does request proof of income, you’ll receive a reference number either by mail or email. This number will give access to the American Express income verification portal.
What is the Amex Platinum card made of?
stainless steel
The American Express (AXP) Platinum Card is stainless steel and comes with new travel perks—for a higher fee — Quartz.
Is the 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.
Is the American Express Platinum Card worth the higher annual fee?
The Platinum Card from American Express has some of the best membership benefits of any card. Amex has just added a handful of new statement credits that can help you justify the higher annual fee. Let’s take a look (terms apply):
What perks do you get with AMEX Platinum?
1 Annual statement credits. In total, you’ll get more than $1,400 in annual statement credits with the Amex Platinum. 2 Amex Concierge. One of my favorite perks of the Amex Platinum is the American Express Platinum Concierge. 3 Airport lounge access. 4 Luxury hotel perks.
What are the AMEX Platinum credit card requirements for approval?
The Amex Platinum will generally require a good to excellent credit score (720+) and a mid to high income. However, there are no hard cut-offs for either of these requirements as will be shown below. Tip: Use WalletFlo for all your credit card needs. It’s free and will help you optimize your rewards and savings!
What is the most prestigious American Express credit card?
American Express Centurion Card This is the official name of the legendary American Express “Black” Card – arguably the prestige card that started it all. In order to qualify, a holder of the also prestigious American Express Platinum Card would need to have charged $250,000 or more in the previous year.