What is Amex Platinum Card limit?

What is Amex Platinum Card limit?

What are the limits on American Express Platinum card

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise.
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How is Amex Platinum limit calculated

Your limit is based on your normal spend on the card multiplied by 3.
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Is the Amex Platinum card 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.

What is the credit limit for 50000 salary

What will be my credit limit for a salary of ₹50,000 Typically, your credit limit is 2 or 3 times of your current salary. So, if your salary is ₹50,000, you can expect your credit limit to be anywhere between ₹1 lakh and ₹1.5 lakh.

Can I buy a car with Amex Platinum

Cardholders of The Platinum Card® from American Express (another high credit limit card), or any other type of Amex members, can try using the American Express Auto Purchasing Program, which connects you to dealers who accept American Express and let you charge $2,000 or more toward a car purchase on your Amex card.

What is the average income for Amex Platinum

According to this, the average Departures reader (and therefore average Amex Platinum cardmember): Has a net worth of $4.3 million. Has a household income of $474,000.

How does Amex decide your limit

Debt-to-income ratio

The more debt you carry, the less likely you are to qualify for a large credit limit with your credit card. The higher the income you have, the more likely you are to receive a higher credit limit.

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.

Is $30000 a high credit limit

Yes, a $30,000 credit limit is very good, as it is well above the average credit limit in America. The average credit card limit overall is around $13,000, and people who have limits as high as $30,000 typically have good to excellent credit, a high income and little to no existing debt.

What credit limit can I get with a 750 credit score

The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren't solely determined by your credit score.

Who usually gets approved for Amex Platinum

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.

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.

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.

Does Amex automatically increase credit limit

Does Amex increase credit limits automatically Yes, Amex increases credit limits automatically. This might happen if you have excellent creditworthiness and make all your payments on time. Paying your balances in full each month or maintaining a low credit utilization ratio might also work in your favor.

Can I get a 20k loan with 750 credit score

You should have a 640 or higher credit score in order to qualify for a $20,000 personal loan. If you have bad or fair credit you may not qualify for the lowest rates. However, in order to rebuild your credit you may have to pay higher interest rates and make on-time payments.

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.

Does Amex Platinum need to be paid in full

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.

Why did Amex give me a high credit limit

This may happen because you are considered a responsible customer. It can also happen if you report an increase in income. In some cases, credit card issuers have a built-in path for customers that eventually leads to a higher credit limit after being a customer for a while.

Can I get a $50,000 personal loan with 700 credit score

You will likely need a minimum credit score of 660 for a $50,000 personal loan. Most lenders that offer personal loans of $50,000 or more require fair credit or better for approval, along with enough income to afford the monthly payments.