With over $3,500 in potential value, it’s easy to justify having the American Express Platinum Card for one year — even with a nearly $700 annual fee
How do I get an American Express Platinum card with no annual fee?
You can get the annual fee waived on The Platinum Card® from American Express exclusively for Morgan Stanley* if you have an eligible Morgan Stanley investment account and one of Morgan Stanley’s Platinum CashPlus accounts (those also come with unlimited ATM fee rebates and they’re FDIC-insured)
How much do you have to spend a year for a platinum Amex?
If you can fully utilize the statement credits on the Amex Platinum each year, the out-of-pocket cost for the card goes down to just effectively $195 a year ($695 (see rates and fees) minus the up to $200 annual airline credit, up to $200 Uber Cash and up to $100 Saks Fifth Avenue credit)
What is Amex Platinum fee?
The Platinum Card from American Express now comes with a $695 annual fee (see rates and fees), but for many travelers, the card’s benefits will more than offset the annual fee
How much money do you need to get an American Express Platinum card?
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
Does American Express ever waive annual fee?
If you’re requesting an annual fee waiver because of financial hardship, American Express offers a financial relief program for eligible cardholders If you qualify, American Express will waive the annual fee, but depending on the program, you may not be able to use your Platinum card while you’re enrolled
Does American Express charge a yearly fee?
HOW MUCH IS THE ANNUAL FEE FOR AN AMERICAN EXPRESS CARD? Pay $0 annual fee if you choose from our Cards above and still enjoy great perks We also have annual fee Cards with a range of different fees
Can you carry a balance on Amex Platinum?
The AMEX Platinum card is a charge card, meaning you can’t carry a balance to the next billing period You have to pay your card balance in full every month
Is Amex Platinum prestigious?
The Amex Platinum is one of the most prestigious travel credit cards you can own Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future Several of the best no annual fee travel credit cards are offered by American Express3 days ago
Is Amex Platinum still worth it?
Overall, the Amex Platinum still remains worth it if you can take advantage of the benefits without overextending yourself At the end of the day, it’s not financially savvy to spend more money just to take advantage of the card’s benefits
Is it hard to get platinum Amex?
Yes, the American Express Platinum card is hard to get approved for It will be difficult for the average person to get Amex Platinum because of the card’s 700+ credit score requirement and reportedly high income requirement Another factor that makes it hard to get Amex Platinum is the card’s daunting $695 annual fee
Is Amex Platinum free first year?
The reason is that this card carries a $450 annual fee – not waived for the first year! While the big point bonuses of 50,000 and 100,000 Membership Reward points help to offset that, the current bonus is only 25,000 Membership Reward points
What’s the limit on a platinum Amex?
You’ll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000 This card requires good credit and the annual fee is $95
Does Amex Platinum increase credit?
The lower your utilization, the higher your score Charge cards, which include both the personal and business versions of the Amex Platinum Card, Amex Gold Card and Amex Green Card, don’t have a preset credit limit Instead, your purchases are approved on a case-by-case basis based on your history with Amex
Do you have to pay Amex Platinum in full?
In order to keep the account in good standing and keep a spotless credit score, it is always important to make payments on time every month There are no interest charges on the Platinum account because it must be paid in full each month
What is the highest American Express card?
The highest level American Express card is the Centurion card, which is also known as the ‘black card
Can I cancel my Amex Platinum?
The bottom line If you decide to cancel your card, make sure you’re aware of what the Amex Platinum cancellation policy looks like To learn more about this policy, how to cancel your card and if there will be an Amex Platinum cancellation fee, call the number on the back of your card
How do I get my Amex Platinum fee waived?
If you’re an active-duty servicemember, you can get the annual fee waived for all American Express cards That means you can get the $695 annual fee (See Rates) waived for The Platinum Card® from American Express The easiest way to get the fee waived is to call the number on the back of the card and request it
Is the Amex Platinum card metal?
The Platinum Card® from American Express This card’s been around for a while, but was refreshed in 2017 and changed to a metal design It includes many travel benefits, like airport lounge access, Uber credits, and a Global Entry or TSA PreCheck credit It earns travel rewards
What is an annual fee?
An annual fee is a yearly charge by banks and financial institutions to customers for use of their credit cards The card issuer adds the annual fee to the customer’s statement
What is the annual percentage rate for an American Express card?
Regular APR: 1299% – 2399% (V), based on creditworthiness Your purchases will accrue interest at this rate once the 15 months introductory period is over Cash Advance APR: 2524% (V)
Do you have to pay off American Express every month?
You don’t have to pay off all American Express cards every month Most Amex credit cards allow you to carry a balance from month to month, requiring only a monthly minimum payment to keep your account in good standing