Do you need a high income for Amex Platinum?
Do you need a high income for Amex Platinum? Before applying for the Amex Platinum, we recommend that your annual income be at least $50,000. The Amex Business Platinum card gives you more wiggle room because you can still qualify for an Amex small business card even if you have a low business income or are just starting.
Is Amex Platinum a rich card?
The American Express Platinum card caters to high-spenders who travel frequently and want a wide range of luxury travel perks and lifestyle benefits. You'll need a high income and at least good credit to qualify.
What is the minimum salary for American Express credit card?
American Express does not disclose specific minimum income requirements for its credit cards, but the higher your income is, the more likely you are to be approved.
Is it hard to qualify for Amex Platinum?
The credit score needed for the American Express Platinum is generally above 700. According to Credit Karma, the average score is 715, so it's not incredibly hard to get the Amex Platinum card. However, several applicants with credit scores in the 600s have also been approved, even as low as 643.
Is Amex Platinum a status symbol?
Yes, the American Express Platinum card is considered a status symbol because of its exclusive benefits, high annual fee, and reputation as a premium metal credit card. The American Express Platinum card caters to high-spenders who travel frequently and want a wide range of luxury travel perks and lifestyle benefits.
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.