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.
In this way, How do I get my AmEx Platinum fee waived?
To get American Express Platinum’s annual fee waived, call the American Express retention department at 1 (800) 452-3945. State that you’re considering cancelling or switching cards because of the high annual fee.
Hereof, Is Amex platinum hard to get?
Yes, the American Express Platinum card is hard to get approved for. It will be difficult for the average person to get Amex Platinum because of the card’s 700+ credit score requirement and reportedly high income requirement.
Consequently Does Amex Platinum have a limit? No, the American Express Platinum card doesn’t have any preset credit limit. That does not give cardholders unlimited purchasing power. It means American Express won’t give you a specific credit limit once you’re approved for the card.
In this regard, Which FICO score does American Express use?
What credit score does American Express MyCredit Guide provided? The score provided by American Express MyCredit Guide is the VantageScore® 3.0 credit score by TransUnion®.
Will Amex Platinum waive annual fee?
If you’re an active-duty servicemember, you can get the annual fee waived for all American Express cards. That means you can get the $695 annual fee (See Rates) waived for The Platinum Card® from American Express . The easiest way to get the fee waived is to call the number on the back of the card and request it.
19 Related Questions and Answers
How much is the AMEX Platinum fee?
The Amex Platinum’s annual fee is now $695, is it still worth having? The Platinum Card® from American Express recently underwent a major revamp of the benefits offered on the card. Several new features were added, but to offset that cost, American Express raised the annual fee from $550 to $695 (see rates and fees).
Does Amex Platinum get me into Delta Sky Club?
Delta SkyMiles® Platinum American Card Members
Delta SkyMiles Platinum Card Members have access to the Delta Sky Club exclusive per-visit rate of $39 per person when traveling on a same-day Delta or Delta partner airline flight.
Is American Express for rich?
No. American Express is not specifically for rich people, though applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards. … The rumor that American Express cards are for rich people might come from the fact that one card––the Centurion “Black” Amex––is, in fact, for rich people.
Which is the easiest American Express card to get?
Easiest American Express Cards to Get:
Blue Cash Everyday® Card from American Express. The Amex EveryDay® Credit Card from American Express. Delta SkyMiles® Blue American Express Card. Hilton Honors American Express Card.
What is the highest credit limit for American Express?
What is the highest limit you can apply for? Our Platinum Credit Cards can have a maximum credit limit of up to $50,000. All other Credit Cards have maximum limits of up to $25,000. However, your limit will depend on your financial circumstances and the Card you choose.
Which Amex card has highest limit?
The American Express® Gold Card is a top-tier rewards card designed for consumers who can get full value out of its high-rate rewards categories. This is a charge card, so it has a variable credit limit, but many users report spending limits of $10,000 and more.
What is the limit on an AMEX black card?
There’s no credit limit
The American Express Black Card doesn’t have a pre-set spending limit, so cardholders can spend as much as they want every month. But that’s only the case if they can afford it. The Centurion® Card from American Express is a charge card, so cardholders can’t carry a balance.
What is the easiest Amex card to get?
There are no American Express credit cards that are easy to get as they all require good credit or better. The USAA® Secured American Express® Card used to be the easiest American Express card to get as it was available to people with bad credit, but it is no longer available to new applicants.
Can I get an Amex card with a 650 credit score?
American Express cards typically require a good credit score that starts at 680 FICO. A 650 credit score is in the “fair credit” range, but it’s still prime credit and can qualify for an unsecured card that doesn’t require a security deposit. … Ideally, you will try for Amex cards with a 700 credit score.
What does a FICO score of 8 mean?
FICO 8 scores range between 300 and 850. A FICO score of at least 700 is considered a good score. There are also industry-specific versions of credit scores that businesses use. For example, the FICO Bankcard Score 8 is the most widely used score when you apply for a new credit card or a credit-limit increase. 1.
Why are Amex fees so high?
“The reason that American Express charges a higher average merchant fee than Mastercard and Visa is due to the fact that they operate on a different business model,” Outar says. Some major American Express cards are charge cards, which means cardholders pay their balance in full each month and aren’t charged interest.
Can you switch from Amex platinum to gold?
To downgrade your Amex Platinum, call customer service at 1 (800) 528-4800, and ask to speak to a representative. After the downgrade from Platinum to Gold is approved, you will be able to keep your card number, but your new card will have a different expiration date and 3-digit security code.
What Amex card gets you into airport lounges?
As part of The American Express Global Lounge Collection, Platinum Card Members can enjoy unlimited, complimentary access to Plaza Premium lounges around the world. Plaza Premium is a network of airport lounges around the world that are open to Platinum Card Members, regardless of airline or ticket class.
Who can go to Delta Sky lounge?
Members with an Individual Membership may access Delta Sky Club with up to 2 guests or immediate family (spouse or domestic partner and children under 21 years of age) for $39 per guest per club visit provided that Delta determines that adequate space exists and that the Member and guests are flying on Delta or its …
Which airline has the best lounge?
The top 10 winners in the category Best Airport Lounge are as follows:
- Delta Sky Club – John F. …
- ANA Suite Lounge – All Nippon Airways – Haneda Airport – Tokyo.
- Flagship Lounge – American Airlines – John F. …
- The Centurion Lounge – John F Kennedy International – New York.
What credit card do millionaires use?
Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and the Citi Chairman Card. 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 is the most elite credit card in the world?
1. American Express Centurion Card. The American Express Centurion Card is the most exclusive credit card in the world and commonly known as the “Amex Black Card.” Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.
Why American Express is bad?
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%.
