What is the average income of an American Express card holder?
What is the average income of an American Express card holder? The average household income at the time combined for Platinum and Centurion cardholders was reported to be $741,170. There's now new data making the rounds. A year ago American Express halted print publication of Departures moving online only.
What is the 5 24 rule?
AFP via Getty Images. The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.
What are the negatives of American Express?
The downsides of American Express cards can include their annual fees. The Platinum Card® from American Express has a very high annual fee of $695 (Rates & Fees), and even the American Express® Gold Card has an annual fee of $250 (Rates & Fees). Another downside is the once-in-a-lifetime policy for welcome bonuses.
Is having an Amex prestigious?
The American Express Platinum card is a prestigious credit card because it's a metal card meant for big spenders with good credit or better who travel often and can take advantage of generous perks.
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.