Credit Score for Platinum Card: Best Amex Platinum Credit Card 2021.
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If you trying to the perfect credit score for platinum card, I’ll show you why you need more than that 3 digit number.
Is it hard to get a platinum credit card?
The Amex Platinum can be a hard credit card to get. It does have a high annual fee of $550 (See Rates & Fees). … Some experts recommend waiting two years to apply for the Amex Platinum after you get your first credit card.
What credit score for platinum card do I Need?
The Amex Platinum credit score requirement is 700 or higher for good approval odds. Applicants need a good credit score or better to be approved for the American Express Platinum Card in most cases.
What does it mean when you have a platinum credit card?
What is a platinum credit card? … As a premium credit card, platinum credit cards typically come with an extensive rewards program and high credit limits. But platinum credit cards are designed for an elite class of cardholders with high incomes, so they come with high interest rates and high annual fees attached.
Who qualifies for a platinum card?
Getting approved for the American Express Platinum is a lot like any new credit card application. You have better chances with a credit score above 700, a clean credit history, and a low debt-to-income ratio.
Is the Platinum Card worth it?
Although many of these premium credit cards carry high annual fees, the benefits, credits and earning potential can be worth more than the annual fee for some cardmembers. … Today we’ll consider the Platinum Card® from American Express, which has a $550 annual fee (see rates and fees).
How much do you have to spend to get a platinum card?
The Platinum Card. Here’s how: earn 75,000 Membership Rewards® points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.
What is so good about a platinum credit card?
Platinum credit cards offer greater spending power, through noticeably high or uncapped credit limits. Better earn rates. Platinum cards gives cardholders the ability to earn two to three reward points per dollar spent, whereas with standard reward cards they can expect to earn no more than one point per dollar spent.
Which platinum card is best?
Here are the best platinum credit cards:
U.S. Bank Visa® Platinum Card – Best for 0% APR. Wells Fargo Platinum card – Best for Balance Transfers. Capital One Platinum Credit Card – Best for Newcomers. Alliant CU Visa® Platinum Rewards Card – Best Visa.
What income do I 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.
Does Amex Platinum build credit?
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. … Note that Amex will still report your statement balances to the credit bureaus, even if they don’t affect your credit score.
What color is the highest credit card?
A platinum card will usually be a bank’s top-tier/most expensive card, second only to a Diamond or Black card if the lender offers either of these. It will usually be a rewards credit card.
Finding the right credit score for platinum card is as challenging as one may think. In order to increase your chances to get approved at least have a credit score of 700 or hight.
Now, you must understand a good credit score is not the only factor to getting the platinum card. You have to have descent income with a low debt to income ratio and inquiries of 6 or less.
If you want to work on your personal credit then check out 3waycredit.com.
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