What is the minimum income for Amex Platinum? (2024)

What is the minimum income for Amex Platinum?

There is no income requirement, instead all you need is a fair to good credit score. A fair to good credit score depends on the credit reporting service but the average range is from 580 to 780.

Does Amex require proof of income?

They will request tax returns and bank statements. What they're looking for is to make sure the income you reported on the application is true. The process typically takes 2-3 weeks, and you're assigned a specialist to talk to.

What is the minimum salary for Amex?

Minimum salary at American Express depends on the role you are applying for. For Business Development Executive the minimum salary is ₹3.7 Lakhs per year, for Lead Analyst the minimum salary is ₹8.2 Lakhs per year and so on.

Who qualifies for Amex Platinum?

American Express generally requires a good to excellent credit score to qualify for The Platinum Card® from American Express. Terms apply. You'll want to have at least a 690 credit score before applying for the card. So, you may need to work on building your credit score before applying for the card.

How to get Amex Platinum fee waived?

While it may seem hard to believe, there are two ways to avoid the annual fee on this premium card.
  1. Open the Morgan Stanley version of the card and a Platinum CashPlus account. There are multiple versions of The Platinum Card® from American Express. ...
  2. If you're active-duty military, American Express waives the fee.
Mar 14, 2024

Is it impressive to have Amex Platinum?

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.

What income do you need for Amex Black?

The American Express Black Card income requirement is reportedly at least $1 million per year. It's rumored that you must also spend and pay off at least $350,000 across your American Express credit cards annually just to get an invitation to apply.

What is the average income of a Centurion card holder?

The black card and how to get one

According to one report, Centurion cardholders had an average annual household income of about $1.3 million and had a net worth of about $16 million. And once you qualify, the card is quite expensive.

Can I get an Amex if I'm unemployed?

And while being unemployed won't necessarily bar you from getting a card, not having income could. The good news is that several types of non-wage income, like investment returns, child support, or Social Security payments might suffice.

Why does Amex want to know my income?

You should update your income with your credit card issuer if it has increased since you applied for your card. If your income has gone down, then it's better not to update it with your card issuer. Here's why: Credit card issuers use your income to determine your card's credit limit.

Does Amex check employment?

They will contact each previous employer and verify employment and if they cannot verify employment , your offer may be rescinded so make sure you provide accurate and verifiable information !

What is the minimum income for Amex Business Gold?

Like all American Express Canada Cards, there is no minimum income requirement. Earn a welcome bonus of 70,000 Membership Rewards® points after spending $5,000 in purchases within the first three months of Cardmembership.

Can you buy a car with Amex Platinum?

Each participating Certified Dealer in the American Express Auto Purchasing Program will accept the American Express Card for at least $2,000 and up to the full purchase price.

Is Amex Platinum better than gold?

The Amex Gold and Amex Platinum are different products, meant for different consumers. If you travel frequently and want access to airline lounges, luxury travel experiences, hotel status and travel insurance protections, go for The Platinum.

What is the most prestigious credit card?

What is the most prestigious credit card? One of the world's most prestigious credit cards is the Centurion® Card from American Express*. Though there may be other cards with more elaborate benefits, those cards are kept well under wraps.

What happens if you don t pay off Amex Platinum every month?

We calculate the interest charge on unpaid transactions daily and then add the interest to your account every month, when we produce your statement. If you do not pay your balance in full each month we will charge interest on interest.

What happens if you don t pay amex platinum in full?

Interest charges accrue when you don't pay the bill off in full. Pay Over Time charges an interest rate that is the same across the Green, Gold and Platinum products. As of August 2020, cardholders who use the feature will pay an APR between 15.99% to 22.99%, depending on creditworthiness.

Do you have to pay off Amex Platinum every month?

With The Platinum Card® from American Express you're required to pay your balance in full every month. Although Amex allows cardholders to pay certain purchases over time, paying in full every month can help you avoid interest charges and make the most of the card's value.

Is it worth upgrading Amex Gold to Platinum?

Is American Express Platinum better than Gold? The Amex Platinum Card may be a better choice for travelers. If you can maximize your use of hotel credit opportunities and book travel through American Express Travel, you can earn out the annual fee and end up with extra money in your pocket.

Why is Amex Platinum so 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. For example, you get a big initial bonus, valuable ongoing rewards, concierge service, and airport lounge access.

Why is Amex Platinum so hard to get?

To be eligible for the Amex Platinum Card® you'll typically need a good to excellent credit score. This makes it one of the more difficult cards to be approved for.

How many Amex black card holders are there?

Experts estimate that there are around 100,000 Amex Centurion cardholders in the world, with only about 20,000 of those being in the United States.

What is the minimum income for the Centurion Card?

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 is a black card limit?

The American Express Business Centurion Card, better known as the "black card," has no pre-set spending limit and is typically offered only to high-net-worth individuals.

How much annual income for Amex?

American Express credit card approval odds are best for people with a good or excellent credit score of 700+, an annual income of $50,000+, and relatively little debt. Applicants will also need to be 18+ years old with a U.S. mailing address and an SSN or ITIN to get a American Express credit card.

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