Is Amex Platinum prestigious?

The Amex Platinum is one of the most prestigious travel credit cards you can own.

Is American Express Platinum a prestigious card?

Why It's One of the Most Exclusive Cards: The Business Platinum Amex Card's annual fee alone makes it exclusive, as your average small business owner probably won't want to shell out hundreds of dollars per year just for the privilege of having a particular card.

Is it hard to get platinum Amex?

It will be difficult for the average person to get the American Express Platinum card because of the card's 700+ credit score and reportedly high income requirements. Another reason why the American Express Platinum card may be hard to get is because of the card's daunting $695 annual fee.

Why do people love Amex Platinum?

The Platinum Card from American Express comes with 100,000 bonus points after you make $6,000 in purchases in the first six months of card membership (you may be eligible for an Amex Platinum 125k points bonus offer using the CardMatch tool; offer subject to change at anytime).

Is American Express A prestigious card?

The Platinum Card® from American Express. The Platinum Card® from American Express is one of the most prestigious cards on the market, with a $695 annual fee to match (Terms Apply.

The Amex Platinum Card - Honest 1 Year Review (2022)

Why is Amex platinum worth it?

Is the Amex Platinum worth it? The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.

What credit cards do millionaires use?

Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and The Platinum Card® from American Express. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.

What income do you need for Amex Platinum?

While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.

What is Amex Platinum secret?

Merely holding an AMEX Platinum Charge Card gets you boosted to Shangri-La Golden Circle Jade status, and while that's a great perk on its own, it comes with a lesser-known benefit: Star Alliance Gold status through the Singapore Airlines KrisFlyer program after taking just three flights!

Is Amex Gold better than Platinum?

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 is better than Amex Platinum?

This next pick is the most obvious one. The Chase Sapphire Reserve always goes head-to-head with the Amex Platinum, and Chase even raised the card's annual fee to $550 in 2020. Now that the Amex Platinum has a $695 annual fee (see rates and fees), it makes the Sapphire Reserve the more affordable option.

Is the Amex Platinum card metal?

Card design

The Platinum Card^® from American Express is made from a combination of materials that includes stainless steel metal and has a heavier weight than the American Express^® Gold Card, according to a company spokesperson.

Why is Amex so popular?

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.

Who gets an American Express Platinum card?

What credit score do I need to get the American Express 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. Issuers will usually also consider your current debts, income, and other pertinent information.

Does Amex Platinum affect credit score?

Because these cards don't have a preset limit, they will not impact your credit utilization ratio (how much of your credit limit you use). But the card will still impact your credit score in other ways—including whether you pay your bill on time.

What is the highest American Express card?

The highest level American Express card is the Centurion card, which is also known as the 'black card.

Does Amex Platinum get you priority boarding?

American Express Platinum does not offer priority boarding. Priority boarding is a benefit that allows cardholders to get to their seat sooner than general boarding groups. The only American Express cards that offer priority boarding are Delta SkyMiles Platinum, SkyMiles Gold, and SkyMiles Reserve.

How many Amex Platinum cards are there?

Here's the stats on what is known. Circulation figures for 2017 suggest that outside the U.S., there are about 400,000 Platinum Cards, and 84,000 Centurion Cards. In the United States, TimeInc reports that American Express Platinum Card and Centurion membership has increased 23% since 2010.

How do I maximize my Amex Platinum card?

Tips for maximizing: When you're making a purchase for which you might later benefit from shopping or travel protections, be sure to save your receipt. Start a claim as soon as possible if you need to use your card's protections. You can see the travel and shopping protections for all Amex cards on the Amex website.

How rich do you have to be to get an American Express card?

You need an invitation to get it, unfortunately. You can also request a Centurion® Card from American Express invitation online. While Amex doesn't disclose the requirements, online reports say you have to spend at least $100,000 a ye.

How do I get my Amex Platinum fee waived?

Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945. However, it's important to understand that this approach may not be successful. American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card's $695 annual fee.

Do you have to pay off Amex Platinum every month?

Platinum cards must be paid off in full every month. Gold card owners can carry over certain balances with interest.

Do billionaires have credit cards?

If you're wealthy, it still makes sense to use cards. Most rich people can easily afford to pay cash for every purchase. Despite this, even the wealthy use credit cards regularly.

Why do shops not accept American Express?

Some retailers refuse to take Amex cards as payment because of the higher fees they have to pay to process the transactions compared to Visa and MasterCard - so it can mean you could be caught short. The firm justifies these costs with a premium services for merchants and access to a premium type of customer.

Does a black card mean your rich?

'Black credit card' is the catch-all term usually used to describe the most exclusive credit cards available to the wealthiest individuals. They are given out by banks to high-earning, big-spending customers and offer impressive perks and very high or unlimited credit.