Full Answer
Which American Express card has the highest limit?
The highest end card is The Platinum Card® from American Express because it has a wide array of high-end benefits, including airport lounge access and yearly credits of up to $200 for fees on a pre-selected airline, up to $200 for Uber, up to $200 hotel credits and up to $100 for Saks Fifth Avenue, when enrolled.
What are the requirements for American Express Platinum?
Use this guide to jump to specific approval factors and benefits:
- Credit Score Needed for American Express Platinum
- Other Amex Credit Cards to Build Credit
- Do You Need to Be 21 for the American Express Platinum?
- Required Salary
- Annual Fee
- Little-Known Benefits of the Platinum Card
- Summary
What is the annual fee for American Express Platinum?
The Platinum Card® from American Express: $695 annual fee. This card gives cardholders and eligible guests access to well over 1,000 airport lounges around the world as part of the American Express Global Lounge Collection, when enrolled. American Express® Gold Card: $250 annual fee. This is a premium card that gives bonus rewards on travel, groceries and restaurant spending.
How to get a credit limit increase with American Express?
Request a Credit Limit Increase Online
- First, log in to your account and choose the card you would like to request the increase on. ...
- Click on Account Services in the main toolbar at the top of your screen. ...
- From the Card Management tab at the left, select Increase Your Credit Limit in the middle of the screen. ...
Does the Amex Platinum card have a limit?
American Express Platinum has no preset credit limit. That means the amount you can spend may change from month to month based on your usage of the card, credit history, income and more.
What is the maximum Amex credit limit?
The American Express card with the highest limit is The Platinum Card® from American Express because it's reported to give some cardholders limits of $100,000+. Instead of a traditional credit limit, Amex Platinum has no preset spending limit, which means the amount a cardholder can spend changes over time.
How much income do you need for Amex Platinum?
While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.
What credit score do you need for an Amex Platinum?
690 or betterWhat credit score do I need to get the American Express Platinum? The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better.
Is 7000 A good credit limit?
A high-limit credit card typically comes with a credit line between $5,000 to $10,000 (and some even go beyond $10,000). You're more likely to have a higher credit limit if you have good or excellent credit.
What credit limit can I get with a 750 credit score?
$1,000-$15,000The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren't solely determined by your credit score.
Does Amex check 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.
Does Amex Platinum require proof of income?
Editorial and user-generated content is not provided, reviewed or endorsed by any company. No, there aren't any official American Express Platinum card income requirements.
Is Platinum Amex card worth it?
Is the Amex Platinum worth it? The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.
Does AmEx do a hard pull?
Yes, American Express does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Is the AmEx Platinum card 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.
How long does it take to get approved for AmEx Platinum?
How long does it take for American Express to approve a credit card application? Many American Express credit card applications will be approved immediately. However, if your application status is pending it can take up to 60 days to get a decision. If that happens, you'll be notified by mail once a decision is made.
What credit score is needed for American Express?
You'll need a good score in the mid– high 600s to qualify for the basic AMEX cards. For the premium cards, such as the Platinum, it's best if you h...
How hard is it to get an Amex Platinum Card?
Getting approval for the American Express Platinum may not be as hard as you think. While having a high credit score will definitely increase your...
Does Amex Platinum have a credit limit?
AMEX Platinum has no official preset credit limit. That does not mean there is unlimited spending. Instead, your purchasing power adjusts over time...
What income do I need to qualify?
There is no official income requirement for the Platinum card. But AMEX will consider your income to make sure you can support the high $695 annual...
What is the easiest American Express card to get?
The easiest AMEX card to get approval for is the AMEX Green Card. You need good credit to qualify.
Can I carry a balance on American Express Platinum?
No, you are responsible for paying off the card balance in full each month. The Platinum card is not for people who need to carry a balance even on...
Does Amex Platinum impact credit score?
Credit utilization makes up for 30% of your credit score. This is how much credit you're using compared to how much you're given. But some cards su...
What are the approval odds?
The AMEX Platinum is a luxury card targeted towards high spenders and frequent travelers. However, the approval requirements may not be as strict a...
What is the maximum credit card limit?
The highest credit card limit is over $100,000 according to anecdotes from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms – and the highest minimum you'll find is around $10,000.
How to choose a credit card on a bank account?
Once you log in to your account, choose the card you want by clicking on the credit card icon in the upper right corner of your screen.
Is it hard to get an Amex Platinum card?
Secondly, is it hard to get Amex Platinum? The Amex Platinum can be a hard credit card to get. It does have a high annual fee of $550 (See Rates & Fees). Therefore, you may want to check out some of the other best credit cards for travel rewards options that come with lower annual fees. It largely depends on your credit history.
How much does an American Express Platinum card cost?
The annual fee is $695, and you need good credit or better to get approved.
What is the maximum amount you can get on an Amex card?
On Amex cards for good credit, people seem to report starting with limits of $1,000-$5,000 most often. But you should take any of these numbers with a grain of salt.
How much does an annual fee for Amex Gold card cost?
This is another NPSL card, meaning your credit limit on this card will adapt to how you use it. Amex Gold card requires at least good credit and charges an annual fee of $250 .
What is the maximum credit card limit?
The highest credit card limit is over $100,000 according to anecdotes from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms – and the highest minimum you’ll find is around $10,000. In order to get.
What is the easiest American Express card to get?
The easiest American Express cards to get are those that require a minimum of good credit for approval, as opposed to excellent credit only. You may also want to target cards that are co-branded with companies such as Delta and Hilton as well as offers with lower annual fees. Co-branded cards often have relatively high approval rates to accommodate more fans of the brand (e.g. Hilton) in question. And some of Amex's premium cards for big-spenders, which can be relatively difficult to get, have high fees.
Can you tell how high your American Express credit limit is?
Editorial and user-generated content is not provided, reviewed or endorsed by any company. There is no way to know how high American Express credit limits are. You won’t know your American Express credit limit until you’re approved for an account.
Does Amex evaluate credit card debt?
Of course, American Express also evaluates each applicant's income and debt obligations to make sure they can afford monthly bill payments on a new line of credit. But there isn't much information available about Amex's standards in those regards, and you shouldn't expect them to differ too much from other credit card companies' policies.
How much does Amex Platinum cost?
The American Express Platinum has long been the premium travel reward card. Surprisingly, for a luxury card with a $695 annual fee ( See Rates & Fees ), the average cardholder credit score isn't quite as high as you would expect. Read on to learn about Amex Platinum and what it takes to get approved. See if you qualify.
What credit bureaus does Amex pull from?
AMEX usually pulls from Experian, so know your score from this report before applying.
What does it mean when you have a lot of open cards on Amex?
Your total open cards: AMEX doesn't have a 5/24 rule like Chase, but a lot of open cards could mean that you're not good at handling your money. Or that you open a lot of cards for the bonuses. Your chances may be lower if you've opened a lot of new cards recently.
What does it mean when your credit utilization is high?
Your credit utilization: This means how much of a balance you're carrying compared to your total limit. Ideally, you should never go over 30%. A high percentage is a signal that your income does not support your spending. It's best if you apply for this card after you have paid off your balance on your other cards.
Does Amex Platinum have a lifetime rule?
Consider these factors to help improve your AMEX Platinum approval odds: Note: American Express has a Once per Lifetime rule. This means that if you have previously owned this card before, you will not receive another welcome bonus offer if you reapply and are approved for the same card again.
Is 720 a good credit score?
There are multiple "credit scores" available. But in general, 720 is considered an excellent score. The AMEX Platinum usually requires excellent credit. The credit score is not the only thing that AMEX considers when reviewing your application. They will look at other factors as well.
Can you win points on an Amex card?
Prior relationship with AMEX: If you already own one of the AMEX cards, you could win some extra points. It could show AMEX that you can responsibly handle credit, which may make them more willing to issue you a card.
How much is Amex Platinum?
Amex Platinum $695 annual fee waived for eligible: Member of the U.S. Armed Forces on active duty (Army, Navy, Air Force, Marine Corps and Coast Guard) or a reserve component called to active duty (Reserve, National Guard, and Air National Guard).
What is an Amex Platinum card?
The AMEX Platinum is a luxury card targeted towards high spenders and frequent travelers. However, the approval requirements may not be as strict as you imagine. If you have a strong payment history and good income, there's a good chance you could be approved for the card.
What credit score is needed for American Express?
You'll need a good score in the mid– high 600s to qualify for the basic AMEX cards. For the premium cards, such as the Platinum, it's best if you have an excellent score 720 and above, although lower scores in the mid-600s can be approved as well if you have other strong qualifications.
What is the easiest American Express card to get?
The easiest AMEX card to get approval for is the AMEX Green Card. You need good credit to qualify.
What income do I need to qualify?
There is no official income requirement for the Platinum card. But AMEX will consider your income to make sure you can support the high $695 annual fee ( See Rates & Fees ), particularly if your credit score is lower. Most Platinum cardholders have higher incomes in the six digits. However, those with lower incomes of around $50,000 have reported being approved too.
What credit score do you need for a Platinum card?
The Platinum Card® from American Express requires great credit, which usually means 720+. But some can be approved with a lower credit score. Learn what it takes to improve your approval odds.
Which is better, Amex Gold or Platinum?
Amex Gold has a lower $250 annual fee (vs $695) and is better for people who spend mostly on dining out and include a monthly dining credit benefit. While Platinum is better for people who value premium travel benefits such as Global Entry, TSA PreCheck, and airport lounges.
How much credit can you have on a Platinum credit card?
Our Platinum Credit Cards can have a maximum credit limit of up to $50,000. All other Credit Cards have maximum limits of up to $25,000. However, your limit will depend on your financial circumstances and the Card you choose.
What is credit limit?
A Credit Card limit is set when you are approved for a Credit Card and is the maximum amount of credit you can access when using your Card. All Credit Cards have a minimum and maximum credit limit. When you apply for a Credit Card, you’ll have the opportunity to indicate your preferred Credit Card limit. Approval for your new credit line will be ...
What are the Amex Platinum Requirements?
The Amex Platinum will generally require a good to excellent credit score (720+) and a mid to high income. However, there are no hard cut-offs for either of these requirements as will be shown below.
How much does an Amex business need to be to be a Platinum?
The Amex Business Platinum recently has required a minimum business revenue of $1,000 for many applicants but no similar minimum income requirement has been implemented for the personal version.
What is the best credit card for American Express?
The Platinum Card from American Express is one of the most benefits-rich credit cards on the market with its superb airport lounge access and 5X earnings on airfare.
What is the credit card for the Platinum?
The Platinum comes with a $200 airline credit and a $200 Uber credit. Both of these credits can offset the hefty annual fee down to $150, making this card much more appealing. The Platinum also has a $100 Saks credit.
What is the minimum credit score for Amex?
There is no strict requirement regarding your credit score but you will likely want to have a solid FICO credit score that is at or above 720. Keep in mind that Amex usually pulls from Experian so that’s the FICO score that you need to be paying attention to. You can sign up to check your credit score here .
What is a platinum card?
The Platinum Card is a charge card offered by American Express.
How much income do you need to get approved for Amex?
But there are reports of people getting approved with incomes in the $50,000 range or below . Once again, your history with Amex could be a major factor for getting approved if you are a borderline candidate.
How much can I spend on Amex?
Typically, your AmEx spending limit is three times your highest paid-in-full balance over the last six months. They are also pretty good about allowing you some flexibility if you call them ahead of time to inform them of pending charges (I’ve done this with $8,000 business expenses without any issues).
How does Amex make money?
AMEX makes its money on these cards by charging an annual fee and from the merchant fees it collects for each transaction.
Does American Express have a spending limit?
American Express Cards DO Have Spending Limits. If you carry a classic American Express Green, Gold, or Platinum card, or any other credit card that has no pre-set spending limit, you probably know this doesn't mean your card has no limit at all.
Do you get a large credit limit with a regular credit card?
If you have excellent credit, you are more likely to get a large credit limit with a regular old credit card like any of these.
Does American Express charge a credit card?
Therefore, rather than designating a specific credit limit, American Express allows you to charge whatever it thinks you can afford to pay off each month. To clarify, many new American Express Cards like the Blue Cash and Everyday cards are credit cards with designated credit limits, not charge cards.
Is a credit card a charge card?
BUT: They are charge cards, not credit cards. Unless you explicitly ask to pay for a particular purchase over time, the balance is due each month, and you cannot incur new charges if your balance is unpaid or too high.
Can I have an additional charge card on my credit report?
If you have no other revolving credit accounts, or many revolving accounts that are at or near their limits, having an additional charge card on your report could be harmful. I think, however, that if you have one or two other credit cards with zero or low balances, an American Express card will not hurt you.
What is covered by Amex Platinum?
Generally, the following incidental fees will be reimbursed by using the Amex Platinum credit, as long as you purchase them separately from the airline ticket (so the purchase will show up as a different transaction): Checked baggage fees. Overweight/oversize baggage fees.
What is the $200 Amex airline fee credit?
The $200 Amex airline fee credit is one of those use-or-lose benefits that is only worth what you make of it . In a normal year, it’s easy to maximize this credit, but admittedly it’s been a harder credit to fully use during the pandemic. However, with a fresh year kicking off, it’s time to hope, dream and come up with the best plan you can for your Amex airline fee credit.
How to change airline on Amex Platinum?
If you have an Amex Platinum, each January you can click here to select or change your airline choice — you’ll need to log in to access your Amex account. You can also access the airline selection screen by scrolling to the “Benefits” section of your online account. Either way, you’ll see that you can choose from the following airlines:
How long does it take for an airline to post a statement credit?
Allow two to four weeks after each charge for the statement credit to post to your account.
How long does it take to get a credit card back after it has been posted?
But if the credit hasn’t posted after four weeks , you can call the number on the back of the card to get the credit manually approved for valid charges. In the past, there were ways to get gift cards for some airlines reimbursed through the airline fee credit.
When do you get the $200 credit?
This credit operates on a calendar year basis, which means you received a fresh up to $200 airline credit on Jan. 1 — and technically have until Jan. 31 to select your airline for the year.
Does Amex Platinum have airline fees?
The Amex Platinum isn’t the only Amex card that offers an annual airline fee credit (up to a certain amount). The following Amex cards also offer credits: