Is Amex annual fee waived first year?

Despite, Why is Amex Platinum 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.

Following this, How do I not pay my Amex Platinum 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).

Is Amex Gold worth it? Is the American Express Gold Card worth the annual fee? If you make use of the card’s annual credits and you spend a lot on dining and groceries, the card can be well worth the $250 fee. If you’re not maximizing the credits and bonus categories, another card could be a better choice.

Still, How do I get my Amex Platinum fee waived Reddit? For anyone with a platinum annual fee coming up, you can call Amex and voice your concern that you won’t get the benefits you typically do with the restrictions on travel due coronavirus. They just gave me a $500 credit, essentially waiving my fee.

How much income do you need for Amex Platinum?

What does your credit score need to be for the Amex 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.

How many people have Amex Platinum?

Circulation figures for 2017 suggest that outside the U.S., there are about 400,000 Platinum Cards, and 84,000 Centurion Cards. In the United States, TimeInc reports that American Express Platinum Card and Centurion membership has increased 23% since 2010.

What happens if I don’t pay my 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.

How much income do you need for Amex Gold?

American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.

How do you get a black Amex card?

You’ll need to pay a one-time initiation fee of $10,000 on top of a $5,000 annual fee just for the privilege of having a Black Card. Plus, adding other cardholders costs an extra $2,500 each per year. In comparison, the Platinum Card’s annual fee is $695 per year for many of the same services.

What is Amex Platinum 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 a black card limit?

What Is the Spending Limit on the American Express Black Card? There is no spending limit with the Amex Black Card. However, balances must be paid off in full every month.

What happens if you don’t pay Amex Gold in full?

For each following Closing Date that an amount past due remains unpaid, we may charge a fee of the greater of $38 or 2.99% of any past due Pay In Full amounts. Your late fee will not exceed the Amount Due or any limit established by applicable law. Paying late may also result in a penalty APR.

What is the hardest American Express card to get?

The Centurion® Card from American Express, sometimes referred to as the Black Card, may be the hardest credit card to get because you need a special invitation from Amex to apply and there’s a high financial bar to getting the card. It’s been reported the card requires a $7,500 “initiation fee” and a $2,500 annual fee.

What is the highest Amex card?

The highest level American Express card is the Centurion card, which is also known as the ‘black card.

Is Amex platinum hard to get?

It will be difficult for the average person to get the American Express Platinum card because of the card’s 700+ credit score and reportedly high income requirements. Another reason why the American Express Platinum card may be hard to get is because of the card’s daunting $695 annual fee.

Why is Amex platinum 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.

What salary 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.

What credit card do billionaires use?

According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695, which is higher than most other credit cards.

How do I get my Amex Platinum fee waived?

Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945. However, it’s important to understand that this approach may not be successful. American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card’s $695 annual fee.

Is Amex platinum or gold better?

Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card’s perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.

Is American Express for rich?

No,. American Express is not specifically for rich people, even though it does have a high level of status in many people’s minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don’t need to be rich to have a good credit score.

Is Amex platinum a status symbol?

The Platinum Card® from American Express (Terms apply. See rates and fees) originally launched in 1984 with an annual fee of $250—unprecedented at the time. Since then, it has become one of the most popular and sought-after travel rewards cards, as well as a status symbol.