Is Amex platinum actually worth it?

Is Amex platinum actually worth it?

Is it worth getting the Amex Platinum

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.
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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 100k worth it

100,000 American Express points are worth about $670 per our valuations, depending on which American Express credit card you have and what you spend the points on. You will get the best value for your American Express points when you redeem them for Travel, but there are multiple redemption options.

Why is Amex Platinum so expensive

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.

What is the average income for Amex platinum

We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.

Why would anyone get Amex platinum

The Amex Platinum® is a premium credit card that offers a welcome bonus, luxury perks, and other value-added services. Cardholders benefit from Uber credits, airfare discounts, bonus points, cashback and much more. Unlike typical credit cards, this card allows you to carry a balance for certain charges, but not all.

What salary do I need 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.

Is Amex Platinum fancy

Editorial and user-generated content is not provided, reviewed or endorsed by any company. Yes, the American Express Platinum card is a luxury card, as it offers hundreds of dollars per year in statement credits for various purchases and a bonus offer of 80,000 points for spending $6,000 in the first 6 months.

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.

What is the average income for Amex Platinum

We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.

How do I get my Amex platinum fee waived

Apply for the Amex financial relief program: If you're having difficulty paying your annual fee due to unforeseen financial difficulty, apply for the financial relief program online or call Amex at (866) 703-4169. You could potentially have your annual fee waived.

Is Amex Platinum impressive

The Amex Platinum is one of the most prestigious travel credit cards you can own. Trying for an American Express credit card lets you establish a relationship with Amex. Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future.

What salary do I need 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.

How do I get my Amex Platinum fee waived

Apply for the Amex financial relief program: If you're having difficulty paying your annual fee due to unforeseen financial difficulty, apply for the financial relief program online or call Amex at (866) 703-4169. You could potentially have your annual fee waived.

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.

What card do billionaires use

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.

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.

What happens if you don t pay off Amex Platinum every month

Chip Lupo, Credit Card Writer

If you don't pay Amex Platinum in full, you will be charged interest on any purchases added to a Pay Over Time balance. With Pay Over Time, you can add eligible charges to a Pay Over Time balance, up to a limit.

Do I have to pay off my Amex Platinum every month

You must pay in full, by the Payment Due Date, all charges that are not added to a Pay Over Time, Cash Advance, or Plan balance. We will begin charging interest on cash advances on the transaction date.

Is Amex Platinum for high income

Salary Needed for Amex Platinum Credit Card

There are no published salary requirements in order to qualify for The Platinum Card® from American Express. But, the more you earn, the better. If you make nearly $100,000 a year and have good credit, you should have no issue getting approved.