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 it hard 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.

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.

Who is the Amex Platinum worth it for?

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.

Does Amex check 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.

American Express Platinum Approval Odds - What Credit Score Needed for Amex Platinum Credit Card?

Is platinum Amex 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 is the highest Amex card?

The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an invitation is needed to apply.

What is the easiest Amex card to get approved for?

When applying for the Amex Blue Card, try to have a good credit score, which is a FICO® Score of 670 or above. This is one of the easiest Membership Rewards cards to open, and even consumers with average credit scores have a decent chance of approval.

How do I prequalify for Amex Platinum?

What FICO score does Amex pull?

Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports. Chase favors Experian, but may also buy Equifax or TransUnion reports.

Is Amex platinum a luxury card?

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 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.

What card is better than Amex Platinum?

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 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.

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 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.

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.

Is Amex Platinum by invitation only?

What American Express cards have access to By Invitation Only? The By Invitation Only program is only available on the Amex Platinum card, Amex Business Platinum card, and Centurion card. It is not available on any other lower-end cards.

Which card is above platinum?

The providers that offer a Titanium credit card often offer them as a step above the Platinum credit cards. You have to fulfill strict criteria to be eligible for holding these cards. The criteria include the following: A minimum monthly income requirement.

What is the lowest credit score for Amex?

The American Express credit score requirement is of at least 700, depending on the card. That means people with good to excellent credit are eligible to get approved for an American Express credit card.

Is Amex prequalify a hard pull?

On the other hand, pre-approval is an in-depth look at your candidacy for a card in the Amex portfolio. Using only a soft credit pull—which does not impact your credit score—Amex determines whether you've met its minimum standards for that particular card.

Can I get an Amex with a 720 credit score?

You'll earn 100,000 American Express Membership Rewards points after spending $6,000 on purchases in the first six months of opening your account. To be approved for the Amex Platinum, you need to have a good or excellent credit score. This means you need a credit score of at least 700.

What is Amex annual income?

American Express revenue for the twelve months ending December 31, 2022 was $55.625B, a 27.4% increase year-over-year. American Express annual revenue for 2022 was $55.625B, a 27.4% increase from 2021.

How do you qualify for an Amex black card?