How much income do you need for Amex Platinum?

While American Express doesn't publish strict income rules for the Platinum Card, you generally need a strong credit profile, a good income (often cited around $50k+ for baseline, but high earners are common), and the ability to pay the substantial annual fee; your income, credit score, and credit history are all considered for approval.

What is the credit card limit for $75000 salary?

The credit limit you can expect for a $75,000 salary across all your credit cards could be as much as $15000 to $22500, or even higher in some cases, according to our research. The exact amount depends heavily on multiple factors, like your credit score and how many credit lines you have open.

What is the average salary for American Express Platinum Card?

Early-2020s statistics from American Express showed Amex Platinum Card holders had an average household income of about $474,000 a year and boasted a net worth of about $4.3 million. But you don't need to earn or own millions to get this card or others like it.

Is it hard to get approved Amex Platinum?

It may be hard to get the Platinum Card® because you need a good to excellent credit score and a high income to be eligible for this card. Approval is never guaranteed, though.

How much are $100,000 American Express points worth?

100,000 American Express points are worth anywhere from $500 to over $2,000, or potentially much more, depending heavily on your redemption method; you'll get low value (around $500-$700) for statement credits or merchandise but can achieve 1 cent per point ($1,000) or higher for flights via Amex Travel or by transferring to airline/hotel partners (potentially $2,000+), notes WalletHub, Oreate AI, Bankrate, NerdWallet, and FinlyWealth.

American Express Platinum Approval Odds - What Credit Score Needed for Amex Platinum Credit Card?

What will 200K Amex points get you?

200,000 Amex points can get you significant value, often translating to $2,000+ in flights via Amex Travel, but much more through transfers to airline/hotel partners for business/first-class travel (potentially $10,000+ in value) or several nights at luxury hotels, offering the best value, while other options like gift cards yield less (around $100-$1,000). The actual value depends heavily on how you redeem them, with travel partners offering the most bang for your buck. 

What is the 2 in 90 rule for American Express?

The Amex "2/90 Rule" (or 2-in-90 rule) means American Express (Amex) generally approves you for a maximum of two new credit cards within a 90-day period, with a third application in that window likely to be automatically denied. This rule applies specifically to Amex's traditional credit cards, not necessarily hybrid cards like the Platinum or Gold, though applying for too many Amex products too quickly can still trigger manual reviews or "pop-up jail" for welcome offers. 

How prestigious is Amex Platinum?

Yes, the Amex Platinum Card is widely considered prestigious due to its high annual fee, exclusive luxury travel perks (like extensive lounge access, hotel status), metal card design, and status as a top-tier, aspirational card for frequent travelers, making it a significant status symbol in the premium card market.
 

What is the hardest card to get?

The Centurion® Card from American Express is the rarest credit card in the world. Also known as the "Black Card," it requires an invitation to apply, and customers reportedly need to spend $350,000+ per year on other Amex credit cards and have at least $1 million in income to qualify.

What will $30,000 Amex points get me?

Transferring 30,000 points to our loyalty partners gives you between £300 and £900.

What is the wealthiest credit card?

Here are the cards the ultra wealthy keep to themselves.

1. Centurion® Card from American Express. ...
2. J.P. Morgan Reserve Card. ...
3. Dubai First Royal Mastercard. ...
4. Coutts Silk Card. ...
5. Sberbank Visa Infinite Gold. ...
6. Stratus Rewards White Card. ...
7. Invitation-only World Elite Cards.

Does Amex Platinum verify income?

There isn't a published income requirement for the Amex Platinum Card. However, income is considered, and having a higher income will help improve your approval odds.

What percentage of people have Amex Platinum?

Amex has about 70 million proprietary cards in circulation, of which 70% are fee-bearing cards. Platinum and gold make up less than 10% of that, Nash estimated.

What credit score do you need for a $400,000 house?

Credit Score

When applying for a $400,000 home, lenders evaluate your credit scores to determine eligibility and the rates you'll receive: 740+: Best rates and terms. 700-739: Slightly higher rates. 660-699: Higher rates, may require larger down payment.

What is the best credit card for a 100K salary?

Best Credit Cards for a $100,000 Salary

• Overall: Blue Cash Preferred® Card from American Express.
• Travel: Capital One Venture X Rewards Credit Card.
• Cash Back: Wells Fargo Active Cash® Card.
• High Limit: Chase Sapphire Preferred® Card.
• Long Intro APR: Wells Fargo Reflect® Card.

What is the credit card limit for a $30,000 salary?

With a $30,000 salary, you could expect a starting credit limit from a few thousand dollars up to potentially $9,000 or more on a single card, but it depends heavily on your credit score, existing debt (DTI ratio), and the lender's policies, with total household income often being a bigger factor. A good credit score and low existing debt significantly increase your chances for higher limits, with some sources suggesting a typical range of 20-30% of your income for initial limits, though this varies. 

What credit card has a $100,000 limit?

You can get a $100k credit limit on cards like the Chase Sapphire Preferred®/Reserve or premium Amex cards, but usually after building history; business cards like Brex can offer high limits from the start, requiring excellent credit, high income, and low utilization for such large limits. While some issuers don't advertise $100k limits, online reports show users reaching them on popular rewards cards like Chase Sapphire Preferred, though starting limits are much lower. 

How many Americans have $20,000 in credit card debt?

A majority of Americans (53%) carry some, with an average balance of $7,719. However, a third of those carrying debt (32%) owe $10,000 or more, while almost 1 in 10 (9%) have credit card debt over $20,000.

Which is the rarest credit card?

The American Express Centurion Card, colloquially known as the Black Card, is an exclusive invitation-only charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.

What are the downsides of Amex Platinum?

Disadvantages of the Amex Platinum

High annual fee ($895) may be tough to justify without frequent travel (see rates and fees). Low earn rate (1x) on most purchases. No intro APR offer. Benefits require effort to fully use (e.g. monthly credits, specific enrollment).

Can I buy a car with Amex Platinum?

Yes, you can use your Amex Platinum to buy a car, primarily through the Amex Auto Purchasing Program, which connects you to dealers accepting Amex for at least $2,000, with some allowing the full amount, though you'll earn points/cashback and can potentially get benefits like extended warranty. However, most dealers limit card charges due to processing fees, so expect to use it for a large down payment rather than the whole price unless you find a specific program or dealership. 

How do I waive the Amex Platinum fee?

4 Ways to Get Your Platinum Card® Annual Fee Waived

1. Call the retention line. You can ask Amex to waive the annual fee by calling (800) 452-3945. ...
2. Apply for the Amex Financial Relief Program. ...
3. Get a different version of the Platinum Card® ...
4. Other options.

What is the credit card limit for $70,000 salary?

The credit limit you can expect for a $70,000 salary across all your credit cards could be as much as $14000 to $21000, or even higher in some cases, according to our research. The exact amount depends heavily on multiple factors, like your credit score and how many credit lines you have open.

What triggers Amex pop-up jail?

Since they already suspect you're abusing their welcome offers—hence why you're in Amex pop-up jail—if they see you're trying to apply for lots of their cards, they're less likely to allow you to get the welcome offer. You won't know if the pop-up has gone away if you don't apply for a new card.

Can I negotiate with American Express?

Yes, you can negotiate with American Express (Amex) for things like lower interest rates (APR), fee waivers, or debt settlement, especially if facing hardship, but it requires direct communication and a compelling reason (job loss, medical issue), with settlement options opening up more after an account is charged off, though they often require a significant lump sum and can impact your credit. They offer financial relief programs and work with non-profits for hardship, or you can try to negotiate directly for temporary relief or permanent solutions like debt management plans.