Is it worth upgrading to Amex 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.

Is it worth upgrading from Amex Gold to Amex 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.

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 you get free upgrades with Amex Platinum?

As a Platinum Cardmember, you can take advantage of the International Airline Program¹, which offers you discounted on tickets, complimentary upgrades, or special airfares on some of the world's finest airlines to destinations around the world.

Is it worth upgrading American Express card?

Whether you should upgrade your American Express card depends on you, your credit and financial needs. If you're ready for a new card with better rewards earning rates but would rather avoid a hard inquiry, upgrading might be a good idea.

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

What is the average income for Amex Platinum?

Salary Needed for Amex Platinum Credit Card

If you make near $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.

What income do you need for Amex Platinum?

Annual income of $100,000 or more. Aged 18 years or over.

Is Amex platinum hard to get?

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.

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 is special about Amex Platinum?

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.

How do I get my platinum Amex 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 American Express Platinum Card luxury?

Our quick take: The Platinum Card® from American Express is the king of luxury rewards travel cards, perfect for demanding travelers who place a high degree of value on perks like lounge access and complimentary elite status.

Is Amex Platinum better than gold?

Is Gold Card Higher Than Platinum? Both Amex Gold and Platinum offer a range of benefits, with the Gold card catering more to everyday spending and the Platinum card designed more for travelers. The Platinum card has more benefits, but it's annual $695 fee is higher than the Gold card's $250 fee.

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.

What happens if you don t pay Amex platinum in full?

Late Payment

For each following Closing Date that an amount past due remains unpaid, we may charge a fee of the greater of $38 or 2.99% of any past due Pay In Full amounts. Your late fee will not exceed the Amount Due or any limit established by applicable law. Paying late may also result in a penalty APR.

Does Amex Platinum affect credit score?

If you check your credit report for an Amex charge card, you'll see that there is no utilization calculated: In many ways, this means that charge cards share one of the best benefits of business credit cards, namely that purchases you make don't directly affect your personal credit report.

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.

Is platinum Amex highest Amex?

The Platinum Card is the next step up from the Gold Card and comes with many luxury benefits. Qualifying for this card requires a very high credit score—and a lengthy credit history. Prospective cardholders also require relatively high income to be approved for the card, though certainly not as lofty as the Black Card.

Does Amex check your annual income?

They will request tax returns and bank statements. What they're looking for is to make sure the income you reported on the application is true. The process typically takes 2-3 weeks, and you're assigned a specialist to talk to.

What cards are better than Amex Platinum?

1. Chase Sapphire Reserve® The Chase Sapphire Reserve is Chase's version of a luxury credit card, but instead of earning Membership Rewards points — as you do with the Amex Platinum — you're earning Chase Ultimate Rewards points.

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.

How much is 100k Amex points 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.

Which Amex card is most exclusive?

How do you get invited to Amex Platinum?

Most Amex Platinum cardholders have a credit score of 670 or better, and relatively high income. But your score alone does not fully decide whether or not you will be approved. If you have a strong credit score with a few years of credit history and a decent annual income, you stand a good chance of being approved.

Does Amex Platinum really have no limit?

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.