Summing up: the American Express Platinum Card Given the high annual fee of $1,450 every year, a cost-benefit analysis should be made, especially if you are a borderline frequent traveller. For those that rarely travel, other American Express cards such as the American Express Explorer Card might be better suited.
Apply for the Amex financial relief program: If you're having difficulty paying your annual fee due to unforeseen financial difficulty, apply for the financial relief program online or call Amex at (866) 703-4169. You could potentially have your annual fee waived.
The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees. Amex cards are targeted toward people with good credit and high incomes who are likely to charge large amounts to their cards every month.
Amex Platinum Card - Is It Worth It For The Yearly Fee? The Amex Platinum card is well worth it for frequent travelers who want luxury travel and lifestyle perks, and who can regularly take advantage of the card's premium benefits.
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.
What happens if you don't pay Amex Platinum in full? 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.
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.
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.
If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.
The Black Card has a hefty $10,000 initiation fee, a $5,000 annual fee, and offers many travel perks. The Platinum Card has a $695 annual fee with many travel-related perks, and cardholders can earn points for every dollar spent. Besides Black and Platinum, American Express offers a line of 17 other cards.
Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have at least good credit and make a lot of money, you have a decent shot at getting approved.
With our world-class travel service at your fingertips, you can use points to book flights, hotel stays and more – in Australia and overseas. There are multiple offers with your name on it. From shopping and dining, to travel and entertainment, you'll get used to getting more.
Yes, the American Express Platinum card is made out of metal. The American Express Platinum card is made of stainless steel and weighs 18.5 grams, compared to a traditional card made of plastic, which only weighs 5 grams.
American Express will refund the annual fee on a card if you cancel it within 30 days of the closing date of the billing statement on which the fee appears. Beyond that period, a refund is not possible.
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.
If you cancel the card within 30 days after the statement containing your annual fee, you can get a full refund. Keep in mind that American Express no longer prorates annual fees if you wait until after 30 days to cancel.
The Amex Platinum is one of the most prestigious travel credit cards you can own. Trying for an American Express credit card lets you establish a relationship with Amex. Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future.
The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.
Editorial and user-generated content is not provided, reviewed or endorsed by any company. Yes, the American Express Platinum card is a luxury card, as it offers hundreds of dollars per year in statement credits for various purchases and a bonus offer of 80,000 points for spending $6,000 in the first 6 months.
Amex waives the annual fee on all of their cards, including the AMEX Platinum. Cards opened while on active duty are waived with Military Lending Act (MLA). Cards opened before active duty are waived with SCRA.
Centurion® Card from American Express
Why It's One of the Most Exclusive Credit Cards: The most exclusive, prestigious credit card is without a doubt the American Express Centurion Card, otherwise known as the Amex Black Card.
Don't use your Amex Platinum for everyday purchases
Since it only earns 1x on most everyday purchases such as groceries, gas or dining, avoid using your Amex Platinum unless you're trying to hit the spending requirements on your welcome offer.
Keep in mind that Amex will refund the annual fee on a credit card only if you cancel your card within 30 days of when the latest annual fee was charged. After that point, you will not receive a full refund.
If you're carrying a balance on your credit card, the card issuer typically calculates your minimum payment each month as a percentage of what you owe — and that figure will rise if you're charging more to the card each month and growing the balance.
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.