Do you have to pay Amex Platinum annual fee in full?
Do you have to pay Amex Platinum annual fee in full? Amex Platinum Annual Fee and Suite of Credits and Benefits The Platinum Card has a $695 annual fee. Though the fee is paid once a year, the math works out to about $58 a month.
Is Amex Platinum unlimited spending?
No, the American Express Platinum card doesn't have any preset spending limit, but 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.
What happens if you only pay minimum payment on Amex?
If you only make the minimum payment, you will also likely incur interest charges that you could otherwise avoid by paying your statement balance in full.
Is Amex Platinum worth it 2023?
Compare Amex Platinum to other cards Amex Platinum has a higher annual fee than most credit cards, but it also offers unparalleled travel benefits and a robust rewards program. For example, your card gives you access to Delta Sky Club, The Centurion Lounge and several other airport lounge options.
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.