Why do people love 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.

Is Amex Platinum prestigious?

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

Is Amex Platinum hard to qualify for?

Most Amex Platinum cardholders have a credit score of 720 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.

Is Amex Platinum worth it if I dont travel?

Both of these cards come with significantly lower annual fees and rewards structures that are easier to earn if you aren't traveling. If you can take advantage of a significant portion of The Platinum Card® from American Express's limited-time offers, it's probably worth keeping the card even if you aren't traveling.

Is Amex Platinum good for EveryDay use?

By combining a dynamic duo like The Platinum Card® from American Express and the Amex EveryDay® Preferred Credit Card, you'll receive exclusive travel perks and strong earning rates on all your everyday purchases.

5 Reasons to AVOID The Amex Platinum Card (Why It's NOT for Everyone)

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 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!

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.

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.

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.

What is better than Amex Platinum?

If you're looking for a hotel-specific credit card, then the Hilton Honors American Express Aspire Card is one of the best out there when it comes to benefits. With a significantly lower $450 annual fee when compared to the Amex Platinum, the benefits can easily outweigh the cost.

Is there a minimum salary for Amex Platinum?

Amex removes its minimum income requirement in the UK.

Does Amex Platinum have a limit?

No, the American Express Platinum card doesn't have any preset spending limit. That does not give cardholders unlimited purchasing power, though. It means American Express won't give you a specific credit limit once you're approved for the card.

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.

Is Amex Platinum better than black?

The Black Card is an exclusive charge card offered to high-net-worth individuals by invitation only. The Platinum Card is one tier lower. Prospective cardholders may apply online and must meet minimum eligibility requirements. Besides the Black and Platinum Cards, American Express offers a line of 17 other cards.

What credit score do you need for an 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. Issuers will usually also consider your current debts, income, and other pertinent information.

Is American Express for 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.

Can you downgrade Amex Platinum to gold?

Yes, you can downgrade your Amex Platinum card to the Amex Gold card. But just like with upgrades, you'll want to make sure that you've had the card open for at least 1 year or more. This is a great way to save yourself some money if you no longer find the benefits of the Amex Platinum card to be worth the fee.

What is the highest level Amex card?

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

Why is Amex not accepted?

Why Isn't American Express Accepted Everywhere? If you have an American Express card, then you may have visited merchants who accept other credit cards, but not your Amex. The reason has to do with the interchange fees charged by the credit card payment networks such as Visa, Mastercard, Discover and American Express.

Why do so many places not accept American Express?

The different fees often make or break a deal for a merchant. This is why many merchants, especially small businesses, don't accept American Express. American Express' interchange fee is just too high. Providers like Visa and Mastercard charge between 1.5% and 2.5%, while Amex charges merchants between 2.5% and 3.5%.

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 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.

What happens if you don't pay Amex Platinum in full?

Interest charges accrue when you don't pay the bill off in full. Pay Over Time charges an interest rate that is the same across the Green, Gold and Platinum products. As of August 2020, cardholders who use the feature will pay an APR between 15.99% to 22.99%, depending on creditworthiness.

How much should you spend for Amex Platinum?

The American Express Platinum card minimum spending requirement for the 100,000 points bonus is $6,000, spent within 6 months of being approved for an account. Eligible purchases by both the primary cardholder and any authorized users in the first 6 months count toward this threshold.