What qualifies for Amex Platinum?
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Is it hard to qualify for Amex Platinum
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.
What income is needed for Amex Platinum
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.
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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 have a spending requirement
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. No preset spending limit means the spending limit is flexible.
Can I get Amex Platinum with 700 credit score
To apply for The Platinum Card® from American Express, you need to have a good or excellent credit score. This means you need a credit score of at least 700. The average applicant has a score of 715. Although, some applicants have been approved with a credit score as low as 643.
How much is 150k Amex points worth
How Much American Express Points Are Worth
| Number of American Express Points | Average Value |
|---|---|
| 150,000 | $1,005 |
| 140,000 | $938 |
| 130,000 | $871 |
| 120,000 | $804 |
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.
Can everyone get Amex Platinum
If you have a solid annual income, a good credit score, and a few years' worth of great credit history, you stand a solid chance of being approved for either the Amex Platinum card or the Amex Business Platinum card.
What is the minimum income for an Amex card
American Express Credit Card Eligibility Factors
| Credit Card | Annual Income for Salaried | Annual Income for Self-Employed |
|---|---|---|
| American Express® Gold Card | Rs. 6 Lakhs and above | Rs. 6 Lakhs and above |
| American Express® Platinum Travel Credit Card | Rs. 6 Lakhs and above | Rs. 6 Lakhs and above |
What is the minimum income requirement for Amex
Eligibility for American Express Platinum Credit Card
In addition to the annual fee, the American Express Platinum Credit Card has a minimum income requirement of S$80,000 per year or $6,667 monthly. This means you must have a personal or household income of at least this amount to be eligible for the credit card.
Does everyone 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 a status symbol
Yes, the American Express Platinum card is considered a status symbol because of its exclusive benefits, high annual fee, and reputation as a premium metal credit card. The American Express Platinum card caters to high-spenders who travel frequently and want a wide range of luxury travel perks and lifestyle benefits.
What is the easiest Amex card to get approved for
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.
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.
How much money is 1 million AMEX points worth
As a general guide, the point value can range from 0.5 cents per point to more than 2 cents per point, depending on how you redeem them. Therefore, 1 million AMEX points could be worth anywhere from $5,000 to $20,000 or more, depending on the redemption method.
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.
What credit card do most billionaires use
Many of these cards are available by invitation only, and stringent wealth requirements must be met to qualify for them.American Express Centurion Card.JP Morgan Reserve Card.Dubai First Royal MasterCard.Coutts World Silk Card.
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 I get an Amex card with a 650 credit score
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.
What is the easiest Amex card to get
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.