Is Platinum the best Amex?
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.
Is the Amex Platinum Card 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. Plus, the card offers 1 - 5 points per $1 spent on purchases.
Which is the most prestigious Amex?
1. American Express Centurion Card
- The American Express Centurion Card is the most exclusive credit card in the world and is commonly known as the “Amex Black Card.” ...
- The Centurion card is so exclusive that American Express won't release the card's full details or say how one can become a cardholder.
What cards are better than Amex Platinum?
5 luxury credit cards to consider if you're thinking of switching from the Amex Platinum
- Chase Sapphire Reserve® ...
- United Club℠ Infinite Card. ...
- Delta SkyMiles® Reserve American Express Card. ...
- Hilton Honors American Express Aspire Card. ...
- Marriott Bonvoy Brilliant® American Express® Card.
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.
The Amex Platinum Card - Honest 1 Year Review (2022)
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.
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.
What card do billionaires use?
The credit card billionaires are most likely to use is the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.
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.
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.
What's the limit on Amex Platinum?
If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit.
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.
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.
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. Amex cards are targeted toward people with good credit and high incomes who are likely to charge large amounts to their cards every month.
Does everyone get approved for Amex Platinum?
Just keep in mind that while getting pre-qualified indicates good odds of approval (90%), it does not guarantee it. If you apply for the American Express Platinum card, it's important that you enter all required information completely and accurately.
Is Amex for rich people?
No,. American Express is not specifically for rich people, even though it does have a high level of status in many people's minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don't need to be rich to have a good credit score.
What is higher than Amex Platinum?
The Black Card is a high-end, exclusive charge card issued by American Express. Platinum Card holders must meet certain criteria to be extended an invitation. The American Express Black Card comes in personal and business variants.
What card does Victoria Secret use?
Victoria and PINK Mastercard Credit Cards: The only difference between the Victoria and PINK Mastercard Credit Cards is the design of the card itself. You'll enjoy all the incredible benefits of the Victoria or PINK Credit Cards, plus 2% back on dining, travel, and streaming services.
What is 150000 Amex platinum worth?
We generally value Membership Rewards points at about 2.2 cents per point, which means that a 100,000-point bonus offer is worth ~$2,200, a 125,000-point bonus is worth ~$2,750, and a 150,000-point bonus is worth $3,300.
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.
How much is 100k Amex worth?
100,000 points are worth $2,200 per our valuations, and you can use them in a variety of different ways. Think international business class, free domestic airfare, and stays in luxurious hotel suites.
Who usually gets approved for Amex Platinum?
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.
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.
Does Amex Platinum have to be paid in full each 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.
Can I buy a car with Amex Platinum?
Purchasing a Car With Your AMEX Platinum Card Is an Easy Way to Meet the Minimum Spending Requirement and Earn a Big Bonus! The $20,000 minimum spending requirement on the AMEX Business Platinum card is a lot for most folks to spend in 3 months, which is one reason why buying a car with this card makes sense!