Is Amex Platinum a status symbol?The Platinum Card® from American Express (Terms apply. See rates and fees) was originally launched in 1984 with an annual fee of $250—unprecedented at the time. Since then, it has become one of the most popular and sought-after travel rewards cards, as well as a status symbol.
Is having an Amex a status symbol?Amex is so popular because it offers high-end credit cards with great rewards and luxury perks, which have become status symbols in popular culture over time.
Is Amex Platinum prestigious?Yes, the American Express Platinum card is considered a prestigious credit card, as it's geared for big spenders who travel often and can take advantage of the card's many benefits. New cardholders get 80,000 points for spending $6,000 in the first 6 months.
Is Amex Platinum an elite 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.
Does Amex Platinum get you airline status?As long as you frequent airports with Centurion Lounges all is nice and well, but if there aren't any that the cardholder can still rely on Delta Lounges (when flying Delta) and Priority Pass options. Unfortunately, the Platinum Card doesn't confer airline status.
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Can you buy a house with Amex Platinum?Absolutely not. Kipp says that this is one of the top misconceptions about the program. The only involvement from American Express is the bonus you get after closing; you aren't actually using your credit card to purchase the house, nor are you using it to pay any deposits, title costs or mortgage fees.
What income do you need for Amex Platinum?Person Income/Business Income
We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.
Is Amex Platinum for millionaires?The Platinum Card® from American Express is another exclusive credit card that millionaires tend to prefer. Also, this card isn't invitation-only.
Why is Amex Platinum so popular?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.
Is Amex Platinum difficult 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 good or excellent credit and make a lot of money, you have a good shot.
What is the hardest Amex to get?The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.
Is Amex Platinum really metal?The card itself is a shiny but matte metal material—and is made from stainless steel, which should be way hardier than the previous plastic card.
Is Amex platinum worth it over gold?Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.
Is having an Amex card prestigious?American Express credit cards also have an assortment of lucrative welcome offers, introductory 0% APR offers, and luxury travel benefits. As a result, American Express cards are often considered to be among the most prestigious credit cards on the market.
What does having an Amex say about you?Having an American Express card means that you likely have good or excellent credit, and some people might assume that you have an above-average income and good employment. Owning an Amex card also means you can use your card at any merchant or financial institution that accepts cards on the American Express network.
Is Amex the most prestigious?Why It's One of the Most Exclusive Credit Cards: The most exclusive, prestigious credit card is without a doubt the American Express Centurion Card, otherwise known as the Amex Black Card. That's because it's the most famous.
Is Amex Platinum better than Amex Gold?The American Express Platinum Card
There are obviously many more perks that come with the Platinum card than with the Gold, especially when you consider the higher annual fee. Rewards can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website.