Is Amex Platinum still prestigious?

The Platinum Card® from American Express is also among the most prestigious American Express cards. It offers new cardholders 80,000 points for spending $6,000 in the first 6 months. Plus, it makes for a great travel companion as it offers 1 - 5 points per $1 spent on purchases.

Is American Express Platinum a prestigious card?

The Platinum Card^® from American Express Review [2023]: A Prestigious Card with Perks Galore. Earning lucrative rewards and gaining access to upgraded travel benefits comes at a cost with this original luxury card.

Is Amex platinum worth it right now?

The Amex Platinum card is well worth it for frequent travelers who want luxury travel and lifestyle perks, and who can regularly take advantage of the card's premium benefits.

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 American Express Platinum Elite?

Bottom Line: The Amex Platinum card comes with complimentary Gold level elite status with both Marriott Bonvoy and Hilton Honors loyalty programs.

Is the AMEX Platinum Really Worth the $695 Annual Fee?

What is the average income for Amex Platinum?

We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.

What income do you need for Amex Platinum?

There is no official income requirement for the Platinum card. But AMEX will consider your income to make sure you can support the high $695 annual fee (See Rates & Fees), particularly if your credit score is lower. Most Platinum cardholders have higher incomes in the six digits.

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.

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 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.

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.

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.

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 it difficult 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.

Which is the most prestigious Amex?

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.

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 are better than an AMEX black card?

The Centurion card beats out the Mastercard Black card in terms of rewards, benefits, and features. The major drawback of the Centurion card is its $10,000 initiation fee and $5,000 annual fee (plus $5,000 annually for each authorized user).

Is it worth it to have both gold and platinum Amex?

Does it make sense to have the Amex Gold and Platinum? Having both the Amex Gold and Amex Platinum can make sense if you use both cards enough to offset the annual fees. You can use the American Express® Gold Card for its dining credits and 4x purchase rewards on dining and supermarket purchases.

Is 200K Amex points a lot?

While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights — that can normally cost over $10,000 — for only 200K points, when transferred to a frequent flyer program.

Is it worth upgrading Amex gold to platinum?

We've seen offers as high as 60,000 Membership Rewards points (valued at $1,320) to upgrade from the Amex Gold card to the Amex Platinum card. So if you've received such an offer, that would be a great reason to upgrade.

How do I get my American Express Platinum fee waived?

Here's how to get the American Express Platinum card annual fee waived: Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945.

Is the Amex Platinum card metal?

Editorial and user-generated content is not provided, reviewed or endorsed by any company. 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.

Does Amex Platinum pay for itself?

Thanks to its outsized suite of benefits, it's easy for some to make the case that the Amex Platinum can pay for itself over time, and that its advantages more than outweigh that new annual fee. But that still doesn't necessarily mean it's the right card for you.

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.