Is Amex Platinum for rich?

Salary Needed for Amex Platinum Credit Card

If you make near $100,000 a year and have good credit, you should have no issue getting approved. But, 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.

Is the Amex Platinum card for rich people?

According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695, which is higher than most other credit cards.

Is Amex Platinum a status symbol?

The Platinum Card® from American Express (Terms apply. See rates and fees) was originally launched in 1984 with an annual fee of $250—unprecedented at the time. Since then, it has become one of the most popular and sought-after travel rewards cards, as well as a status symbol.

Is Amex Platinum impressive?

The Amex Platinum is one of the most prestigious travel credit cards you can own. Trying for an American Express credit card lets you establish a relationship with Amex. Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future.

Is Amex Platinum difficult to get?

Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have good or excellent credit and make a lot of money, you have a good shot.

That one rich passenger with her American Express platinum card 💰

What is the salary of Amex Platinum?

We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.

What card do billionaires use?

The credit card billionaires are most likely to use is the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.

What is the hardest Amex card to get?

The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.

What is the richest Amex card?

Is Amex Platinum better than gold?

The Platinum card is great for people who love to travel. There are obviously many more perks that come with the Platinum card than with the Gold, especially when you consider the higher annual fee. Rewards can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website.

What card is higher than American Express Platinum?

The Black Card is a high-end, exclusive charge card issued by American Express. Platinum Card holders must meet certain criteria to be extended an invitation. The American Express Black Card comes in personal and business variants.

What card does Bill Gates have?

Warren Buffett and Bill Gates Have This Iconic McDonald's McGold Card — Here's How To Win One & Free Food For Life. Dreams — made of hamburgers and McRibs — really do come true, and now (just like Bill Gates, Warren Buffett and Rob Lowe) you too can have the very elusive, quasi-mythical McGold card.

Do rich people use Amex?

Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.

What credit card does Beyonce have?

Other rich and famous people known to use an American Express Business Centurion Card include: Beyonce.

Why is Amex Platinum so popular?

The Amex Platinum is a premium credit card that offers a welcome bonus, luxury perks, and other value-added services. Cardholders benefit from Uber credits, airfare discounts, bonus points, cashback and much more. Unlike typical credit cards, this card allows you to carry a balance for certain charges, but not all.

How much do you need to spend to make Amex Platinum worth it?

If you've decided that the card is worth its annual fee, here's the official application link: The Platinum Card® from American Express with 80,000 Membership Rewards Points after you spend $6,000 on purchases within the first six months of card membership.

What is the Amex Platinum limit?

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit.

How much is 100k Amex worth?

100,000 points are worth $2,200 per our valuations, and you can use them in a variety of different ways. Think international business class, free domestic airfare, and stays in luxurious hotel suites.

Is American Express considered prestigious?

American Express credit cards also have an assortment of lucrative welcome offers, introductory 0% APR offers, and luxury travel benefits. As a result, American Express cards are often considered to be among the most prestigious credit cards on the market. Plus, they are designed for people with good credit or better.

What credit card does Obama have?

Background Intel: President Obama's credit card of choice is the JP Morgan Select Card. He was photographed with the card at a Texas barbeque restaurant, where he also reportedly cut the line – earning the disapproval of many on social media.

What is the Kardashian card?

Kardashian Kard is a pre-paid card launched by Dash Dolls, LLC, the Kardashian corporation. The card featured a photo of the Kardashian sisters; Kim, Kourtney, and Khloé. As of November, it is off the market amid controversy.

Do millionaires have credit scores?

You can be a millionaire and have a terrible credit score. In fact, your income has no direct effect on your credit scores, because they're based on credit reports, which don't include income information.

Is Amex platinum really metal?

The Platinum Card^® from American Express is made from a combination of materials that includes stainless steel metal and has a heavier weight than the American Express^® Gold Card, according to a company spokesperson.

Why is platinum not as popular as gold?

More than 1,000 tons of gold are mined every year, but only a little over 150 tons of platinum are mined in a year. This scarcity makes platinum more expensive than gold most of the time.

What are the disadvantages of platinum?

The health effects of platinum are strongly dependent upon the kind of bonds that are shaped and the exposure level and immunity of the person that is exposed. Finally, a danger of platinum is that it can cause potentiation of the toxicity of other dangerous chemicals in the human body, such as selenium.