How much income do you need for American Express Platinum?
What salary is needed for Amex Platinum
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.
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Does Amex Platinum require proof of income
American Express doesn't publicly disclose any official American Express Platinum card income requirements. But having a steady source of income is a must in order to get this card. And you need to demonstrate the ability to pay the card's $695 annual fee and the entire balance in full, when applicable.
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What is the minimum income for American Express card
4.5 Lakh for salaried and Rs. 6 Lakh for self-employed. You must check the minimum income requirement before applying for a card to avoid rejection.
Is Amex Platinum for millionaires
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.
Does Amex verify 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.
Can anyone qualify for Amex Platinum
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.
Does Amex check your income
Yes, credit cards do check your income when you apply. Credit card issuers are required by law to consider your ability to repay debt prior to extending a new line of credit. So, listing your annual income is a requirement on every credit card application.
Who is eligible for Amex Platinum Card
American Express Platinum Card Eligibility Criteria
Your age must be 18 years or above. Salaried applicants must have a minimum annual income of Rs. 25,00,000 and self-employed applicants must have a minimum annual income of Rs. 15,00,000 (and their company must have been trading for at least 12 months).
Will Amex verify my income
What you should know about the American Express income verification process: If Amex does request proof of income, you'll receive a reference number either by mail or email. This number will give you access to the American Express income verification portal.
Does Amex ask for household income
With Amex credit cards like The Platinum Card® from American Express, the application states that you can include “all income” available to you including “wages, retirement income, investments, rental properties, etc.” unless you are under the age of 21. In that case, you can only include your own income.
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.
Is Amex Platinum a high end card
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.
Can you get an Amex without a job
And while being unemployed won't necessarily bar you from getting a card, not having income could. The good news is that several types of non-wage income, like investment returns, child support, or Social Security payments might suffice.
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.
How much income do you need for Amex Gold
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.
Can I lie on annual income for credit card
What happens if you're caught lying on a credit card application Lying on a credit card application can be a costly mistake, as it constitutes fraud and can result in up to $1 million in fines and/or 30 years in prison.
Do you need proof of income for Amex
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.
Does AmEx ask for household income
With Amex credit cards like The Platinum Card® from American Express, the application states that you can include “all income” available to you including “wages, retirement income, investments, rental properties, etc.” unless you are under the age of 21. In that case, you can only include your own income.
Is credit card approval based on income
Credit card approval depends on your income, but it also hinges on your credit history and your debt-to-income ratio, which is your current debt payments as a percentage of your income.
Does Amex actually verify income
They will request tax returns and bank statements. What they're looking for is to make sure the income you reported on the application is true. The process typically takes 2-3 weeks, and you're assigned a specialist to talk to.