All American Express Credit Cards have a maximum Credit limit. Your highest limit will depend on your financial circumstances and the Credit Card you choose.
If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit.
With up to a $25,000 credit limit, the Visa Platinum card gives you room to do what you need and what you want. Your Visa Platinum card is accepted at over 22 million worldwide locations, including over 700,000 ATMs in the Visa Global ATM Network.
Unlike a traditional credit card, your Card has no preset spending limit, a unique feature that gives you flexible spending capacity. * This means the amount you can spend adapts based on factors such as your purchase, payment, and credit history.
Purchasing a Car With Your AMEX Platinum Card Is an Easy Way to Meet the Minimum Spending Requirement and Earn a Big Bonus! The $20,000 minimum spending requirement on the AMEX Business Platinum card is a lot for most folks to spend in 3 months, which is one reason why buying a car with this card makes sense!
You can request a credit limit increase by calling the number on the back of your Amex credit card or 1-800-528-4800 (for personal cards).
You must pay in full, by the Payment Due Date, all charges that are not added to a Pay Over Time, Cash Advance, or Plan balance. We will begin charging interest on cash advances on the transaction date.
If you don't pay Amex Platinum in full, you will be charged interest on any purchases added to a Pay Over Time balance. With Pay Over Time, you can add eligible charges to a Pay Over Time balance, up to a limit.
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.
The Platinum card is great for people who love to travel. There are obviously many more perks that come with the Platinum card than with the Gold, especially when you consider the higher annual fee. Rewards can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website.
The Black Card is an exclusive charge card offered to high-net-worth individuals by invitation only. The Platinum Card is one tier lower. Prospective cardholders may apply online and must meet minimum eligibility requirements.
A platinum credit card is usually a bank's most expensive or the top-tier card, second only to a titanium, black or diamond card if offered by the bank. It is often in the form of a rewards credit card.
The Platinum Card® from American Express is a high-end card that is packed with benefits and a hefty welcome offer.
Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual card credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.
Our quick take: The Platinum Card® from American Express is the king of luxury rewards travel cards, perfect for demanding travelers who place a high degree of value on perks like lounge access and complimentary elite status.
But an income is a must in order to get this card. And you need to demonstrate the ability to pay the card's $695 annual fee and the entire balance in full, when applicable. Having said that, it is also worth noting that you need at least good credit for approval.
If you are making residential rent payments, you can essentially use any payment method, including Visa, Mastercard, American Express, Discover, Diners Club International, and JCB.
Before the pandemic, the $1,450/year American Express Platinum charge card was rather popular with frequent flyers. Despite the high annual fee, it represented excellent value for many cardholders due to all the extra benefits like travel credits, hotel status and airport lounge access.
Does American Express automatically increase credit limits? American Express may automatically increase your credit limit as often as every six to 12 months. However, just because you haven't received an automatic increase doesn't mean you're not eligible. You should reach out to American Express to see if you qualify.
The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.
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.
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.
Perhaps one of the more iconic metal cards, The Platinum Card® from American Express is our top pick for people who value luxury in their products. While it comes with a $695 annual fee, it also offers an array of luxury benefits like few other cards.