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.

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.

How hard is it to get an American Express Platinum?

American Express generally requires a good to excellent credit score to qualify for The Platinum Card® from American Express. Terms apply. You'll want to have at least a 690 credit score before applying for the card. So, you may need to work on building your credit score before applying for the card.

Do rich people use Amex Platinum?

Is Amex Platinum for rich? On average, Amex Platinum and Amex Business Platinum cardholders tend to have high incomes. However, a high income is by no means a requirement. We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.

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.

Amex Platinum Card - 13 Things You MUST DO

Why is Amex Platinum so popular?

The Platinum Card® from American Express is a high-end card that is packed with benefits and a hefty welcome offer. Cardholders can take advantage of numerous annual statement credits, entertainment benefits, extensive airport lounge access, elite status perks and much more.

Why do wealthy people use Amex?

American Express targets these affluent cardholders through a '“spend-centric” model that focuses on generating revenues primarily by driving spending on its cards. That's where rewards come in. In just 2022, Amex spent almost $17 billion providing services and rewards to its card members.

What salary do I 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 better than 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.

What are the hardest Amex cards 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 better than black?

Bottom Line: The Amex Platinum card has better earning potential than the Mastercard Black card. Membership Rewards points earned on the Amex Platinum card also offer greater potential value at redemption time when transferred to airline and hotel partners.

Is black or platinum Amex better?

The American Express Black Card is an exclusive charge card offered to high-net-worth individuals (HNWIs) by invitation only. The American Express Platinum Card is one tier lower. Prospective cardholders may apply online and must meet minimum eligibility requirements.

Who 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 worth it in Canada?

Even though the annual fee is $699, the number of benefits you get, including the generous welcome bonus, makes the card well worth it. Simply put, sign up bonus pays for itself. When you look at everything included, the American Express Platinum card is one of the best travel credit cards in Canada.

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.

Which is the most prestigious Amex?

What Amex card is above platinum?

The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.

Is Amex Platinum Card metal?

Yes, The Platinum Card® from American Express is a metal card. The American Express Platinum card is made of stainless steel and weighs around 18 grams, compared to 5 grams for a traditional card made of plastic.

What is better than American Express Platinum Card?

But for most people, the Chase Sapphire Reserve® is probably the best premium credit card for spending on travel and for earning rewards toward even more travel. To view rates and fees of the American Express® Gold Card, see this page. To view rates and fees of The Platinum Card® from American Express, see this page.

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.

Is Amex Platinum 100k worth it?

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.

Is Amex worth the hype?

Yes, an American Express card is worth it for people with good or excellent credit scores who want to earn rewards on U.S. purchases that they'll pay for in full by the due date every month. An Amex card may also be worth it for people who want an introductory low-interest period in addition to rewards.

What is the minimum limit for Amex Platinum?

The Platinum Card® from American Express has no preset spending limit, so the sky's the limit on this card. However, as a charge card, Amex expects you to pay your entire credit card debt every month. The card charges a high annual fee to offset its many benefits and rewards.

Are Amex card holders rich?

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.

Is American Express A prestigious card?

American Express is one of the best-known credit card companies that was founded in 1850. The company has already earned its credibility in the eyes of the U.S. and international community, so yes - we can say that it is one of the most prestigious credit card company.