How much do you have to make a year for Amex Platinum?
How much do you have to make a year for Amex Platinum? Salary Needed for Amex Platinum Credit Card If you make nearly $100,000 a year and have good credit, you should have no issue getting approved. However, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.
Should I pay Amex Platinum in full?
Platinum cards must be paid off in full every month. Gold card owners can carry over certain balances with interest.
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.
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.
What is a black card limit?
What is the spending limit on the American Express Black Card? There is no spending limit with the Amex Black Card. However, balances must be paid off in full every month.
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.