Is Amex Platinum special?

The Platinum Card® from American Express is arguably one of the premier credit cards available today. While the annual fee isn't for the faint of heart, this card comes with lots of premium perks and benefits. If this card is on your radar, you will want to apply for the card when the bonus is as high as possible.

Why is American Express Platinum Card special?

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.

Is it prestigious to have Amex Platinum?

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 worth it vs gold?

Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.

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.

Amex Platinum Card - 13 Things You MUST DO

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 income do you need for Amex Platinum?

Person Income/Business Income

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

What is the hardest Amex 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.

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.

Can you buy a house with Amex Platinum?

Absolutely not. Kipp says that this is one of the top misconceptions about the program. The only involvement from American Express is the bonus you get after closing; you aren't actually using your credit card to purchase the house, nor are you using it to pay any deposits, title costs or mortgage fees.

What is the highest Amex card?

The highest level American Express card is the Centurion card, which is also known as the 'black card.

How do I get my Amex Platinum fee waived?

Here's how to get the American Express Platinum card annual fee waived: Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945.

How do I get invited to Amex Black?

Make at Least $250,000 in Purchases on Your Amex Cards

Although Amex doesn't publish a spending threshold to get invited, a solid rule of thumb is that you need to make at least $250,000 in annual purchases across all of your Amex cards.

What credit cards 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.

Why is the Amex Black Card so special?

The privileges of a black card include upgrades and special permissions for rental cars and access to some of the most breathtaking hotel suites in hard-to-reach destinations. Black cards also offer dedicated concierge services, and some are even rumored to provide charter jet service.

How many people own a black American Express card?

There are around 20,000 Black cardholders in the U.S. This is a no-limit credit card. Cardholders are excepted on an 'invitation-only basis.

Is Amex Black Card Invite only?

The American Express Centurion Card, known informally as the Black Card, is one of the most prestigious cash cards in the world. The card is available by invitation only – customers can only qualify for this card after they have met certain criteria.

What is the easiest black card to get?

What if you can't qualify? Most of us won't be able to qualify for the Centurion card, but there are some alternatives. For starters, Visa has its Black Card, which is significantly easier to obtain.

How do you get 150k offer on Amex Platinum?

Can you downgrade Amex Platinum to no fee card?

As an American Express Platinum cardholder, you can only downgrade to the American Express® Gold Card or the American Express® Green Card.

How do I offset my Amex Platinum annual fee?

Although The Platinum Card® from American Express will increase the annual fee by $145 from $550 to $695, you can still extract value and offset the annual fee if you take advantage of the numerous statement credits (e.g., airline, hotel, digital entertainment, Equinox, Clear membership, Uber, Saks) and use the most ...

Is Amex a luxury card?

But luxury comes at a cost, and Chase Sapphire Reserve® charges a $550 annual fee. The Platinum Card® from American Express, though, is the most popular luxury card on the market. This is a very good card for high-spending frequent travelers.

Is Amex a status symbol?

Amex is so popular because it offers high-end credit cards with great rewards and luxury perks, which have become status symbols in popular culture over time.

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 200K Amex points a lot?

While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights — that can normally cost over $10,000 — for only 200K points, when transferred to a frequent flyer program.