Question: Is It Hard To Get Amex Platinum?

Is it hard to get an American Express Platinum card?

The Amex Platinum can be a hard credit card to get.

It does have a high annual fee of $550 (See Rates & Fees).

Therefore, you may want to check out some of the other best credit cards for travel miles options that come with lower annual fees.

It largely depends on your credit history..

Is Amex Platinum prestigious?

The Platinum Card® from American Express is arguably the most prestigious card on the market. It offers an intro bonus of 60,000 Membership Rewards® Points and up to 5x Membership Rewards points on eligible travel purchases.

What credit card do billionaires use?

1. American Express Centurion Card. The American Express Centurion Card is the most exclusive credit card in the world and is commonly known as the original black card.

What credit card does Bill Gates use?

American ExpressIt’s just easier.” The frugal billionaire revealed that he has at least one credit card though – “I’ve got an American Express card which I got in 1964.” His empire – Berkshire Hathaway – owed 17.9% of American Express as of the end of 2018.

What card is better than Amex Platinum?

Chase Sapphire Reserve vs. Amex PlatinumThe Platinum Card® from American ExpressWelcome bonus60,000 points if you spend $5,000 in first 3 monthsAnnual fee$550Credit requiredGood/excellent2 more rows

How can I maximize my Amex Platinum benefits?

The more you know about your credit card benefits, the more value you can get out of them.Maximizing your Platinum Card® from American Express benefits. … Use up your credits. … Always check for lounges. … Skip TSA PreCheck and go for Global Entry. … Pay for travel out of pocket. … Sign up for elite status. … Bottom line.

What is the hardest credit card to get?

Hardest Credit Cards To Get of 2020:Hardest Overall: Centurion® Card from American Express.Luxury Travel: J.P. Morgan Reserve Credit Card.Rewards: U.S. Bank Altitude Reserve Visa Infinite® Card.Business: Wells Fargo Business Elite Signature Card®Travel: Bank of America® Premium Rewards® credit card.More items…

Does Amex Platinum build credit?

Charge cards, which include both the personal and business versions of the Amex Platinum Card, Amex Gold Card and Amex Green Card, don’t have a preset credit limit. … Note that Amex will still report your statement balances to the credit bureaus, even if they don’t affect your credit score.

Does Amex Platinum have a limit?

American Express Platinum has no preset credit limit. That means the amount you can spend may change from month to month based on your usage of the card, credit history, income and more.

Is Amex platinum a status symbol?

The Amex Platinum Is the Best Credit Card for Anyone Who Loves Free Upgrades and Perks. … It has a lot to do with the fact that this credit card is a status symbol in its own right. It also comes with the best airport lounge access and hotel upgrades in the industry.

What is the most elite credit card?

American Express Centurion CardThe 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 application is needed to apply.

How long does it take to get Amex Platinum card?

7 to 10 daysYou should receive your new Card in 7 to 10 days.

Is Amex Platinum better than gold?

AMEX GOLD VS PLATINUM: ONGOING REWARDS Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.

What FICO score does American Express use?

The score provided by American Express MyCredit Guide is the VantageScore® 3.0 credit score by TransUnion®.

What happens if I don’t pay my Amex Platinum in full?

Amex Platinum is a charge card, which means the entire regular balance must be paid in full each month. … You’ll also be charged the fee if you do not pay off the entire regular balance on time. The fee goes up to $40 in either case if there’s another late payment in the following six billing periods.

What credit score do I need to get an American Express Platinum card?

700The Credit Score Needed for the American Express Platinum To apply for The Platinum Card® from American Express, you need to have a good or excellent credit score. This means you need a credit score of at least 700. The average applicant has a score of 715.

Does canceling a charge card hurt credit?

Canceling a credit card can affect your credit score because it can increase your credit-utilization rate, which is the percentage of your revolving credit that you are using at any given time. Charge cards don’t affect your credit-utilization rate, so the impact of canceling the card is likely to be small. …

What’s higher than a black card?

The Mastercard® Gold Card™ is the highest end card offered by Luxury Card, which offers three metal rewards cards. The other two are the Mastercard® Black Card™ (Review) and the Mastercard® Titanium Card™ (Review).

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.

How do you get an AMEX black card?

How Do I Get an American Express “Black Card”?Use other Amex cards.Be an active cardholder for at least a year.Charge at least $250,000 per year (though some estimates are as high as $450,000)

How do I destroy my Amex Platinum card?

Call customer service at 1 (800) 528-4800, whether you are requesting a replacement card or closing the account, and American Express will either send a return envelope or provide an address where you can send the old card. You should not try to destroy an Amex Platinum card on your own.