Why do rich people have Amex?

Rich people use American Express (Amex) for its prestigious status, superior travel perks (like Centurion Lounges, credits, insurance), exclusive experiences, concierge services, and high-value rewards that cater to high spenders, aligning with their lifestyles and maximizing spending power through Amex's closed-loop system that offers tailored benefits.

Why is Amex considered luxury?

Amex is considered luxury due to its exclusive image, high-end perks like airport lounge access and concierge services, prestigious cards (Platinum, Centurion), and catering to affluent, high-spending customers, all supported by a data-rich, closed-loop network that allows tailored offers, making it a status symbol and practical tool for the wealthy.
 

What salary do I need for Amex?

American Express income requirements vary by card, but generally, you need a steady source of income, even if it's not traditional wages (like investments, Social Security), and often need to be at least 21, though 18 is possible with proof of income or as an authorized user; while they don't always verify income, honesty is key, and factors like your credit score and overall financial health matter more than a specific dollar amount for general cards, though premium cards demand higher income/credit. 

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.

Why does Gen Z like Amex?

They're a good credit card and customer service is great. They're so popular right now because the new generation is obsessed with ``flexing'' online and it's a now easily accessible status symbol. It's the same reason young people buy 10 year old Benz.

Why Wealthy Americans Love AmEx

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

With a $70,000 salary, you could expect initial credit limits ranging from around $14,000 to over $20,000, potentially reaching higher with excellent credit, but the actual limit depends heavily on your credit score, existing debt (Debt-to-Income ratio or DTI), and the card issuer's policies, as lenders focus more on your ability to repay than just income. 

Why is American Express so boujee?

The main reason Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which justify their steep annual fees. Amex cards are designed for people with good credit and a lot of income who are likely to charge large amounts to their cards every month.

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 much is 1 million Amex points worth?

One million American Express (Amex) Membership Rewards points are worth anywhere from $6,000 to over $20,000, depending heavily on redemption, with average values around $10,000 to $22,000 when redeemed smartly for travel, but significantly less (around $6,000-$9,000) for gift cards or statement credits, with top values achieved by transferring to airline/hotel partners for luxury flights. 

Does Amex check your income?

Yes, American Express (Amex) checks your income when you apply for a card, as they are legally required to assess your ability to repay debt, and they may request proof like pay stubs or bank statements, especially for larger credit lines or if something seems off, though they often rely on the income you state initially. Amex uses this income information, along with your credit score, to determine approval and credit limits, sometimes verifying it through bank accounts or even the IRS. 

How to get Amex black?

To get the Amex Black Card (Centurion Card), you need an exclusive, private invitation from American Express after demonstrating significant spending ($250k-$1M+ annually) on existing Amex cards, maintaining an excellent credit profile, and having a high income (often $1M+), as it's invite-only for top Amex clients, with substantial fees ($10k initiation, $5k annual).
 

Is it hard to get Amex Gold?

The Amex Gold Card isn't extremely difficult to get but requires good to excellent credit (generally 670+ FICO score) and a stable income, placing it above entry-level cards but below ultra-premium ones; strong payment history, low credit utilization, and a decent income are key, as it's a mid-tier card with stricter requirements than basic rewards cards. 

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. 

What is the fanciest Amex?

The most exclusive American Express card is the Centurion® Card, famously known as the "Amex Black Card," an invitation-only charge card for the ultra-wealthy, requiring significant annual spending (reports suggest $350k-$1M+) and high income, with substantial fees ($10k initiation + $5k annual). It offers unparalleled luxury perks, concierge service, and status, though it's only available through a secretive invitation process from Amex.
 

What are Amex's hidden benefits?

Holders of the American Express Platinum Card® can receive $600 a year for select hotel bookings, as a $300 semi-annual credit, for prepaid bookings through the American Express travel portal at the more than 3,100 hotels that are in The Hotel Collection (two-night minimum stay required) or Fine Hotels + Resorts ...

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 is the hardest Amex card to get?

The hardest American Express card to get is the Centurion® Card, also known as the "Black Card," because it's strictly by invitation only, requiring immense spending on other Amex cards (rumored $350k+ annually) and high income (often $1M+), plus hefty fees ($10k initiation, $5k annual). It's a symbol for the ultra-wealthy, offering exclusive concierge services and elite perks, making it the pinnacle of Amex exclusivity.
 

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.

What is 300,000 Amex points worth?

300,000 Amex points are worth roughly $1,800 to over $6,000, depending heavily on redemption, with low value (0.6-1¢) for cash/gift cards, moderate value (1-1.2¢) for booking travel via Amex Travel, and high value (1.5-4¢+) for transferring to airline/hotel partners for premium flights, potentially yielding $4,500-$6,600+ for luxury travel. 

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.

How much is 500k Amex points?

500,000 Amex points are worth roughly $2,500 to $10,000+, depending heavily on redemption, ranging from 0.5 cents for statement credits to potentially over 2 cents by transferring to travel partners, with booking flights via Amex Travel or transferring to airlines often yielding 1 cent or more per point. For simple value, aim for $5,000 (1 cent/point) for travel, but strategic transfers to airlines like Delta or Hilton can unlock much higher value, sometimes exceeding $7,500, notes. 

Why do merchants not like Amex?

Some businesses don't accept American Express (Amex) primarily due to higher processing fees (interchange rates) compared to Visa/Mastercard, which eats into their profits, especially for low-margin businesses or smaller shops; plus, historically, it was harder for merchants to process Amex, though new programs are improving acceptance. While Amex offers premium perks for cardholders, businesses must pay for those benefits through these elevated fees, making them less appealing for some retailers focused on cost-cutting. 

Does Chick-fil-A accept Amex?

Yes, Chick-fil-A generally accepts American Express (Amex) cards for payments at their locations and within their app, supporting major credit cards like Amex, Visa, and Mastercard. You can use Amex for in-person purchases, load it onto your Chick-fil-A One account, and even link it for certain rewards programs. 

What salary do you need for Amex Platinum?

While there's no strict minimum income, American Express generally suggests applicants for the Platinum Card should have an income around $50,000 or higher, sufficient to cover living expenses and card repayments, along with a strong credit history and score, though approved users often have significantly higher incomes. The Amex Business Platinum offers more flexibility for business owners, including part-timers.