Is Amex platinum a status symbol?

Asked by: Everardo Hand  |  Last update: September 11, 2022
Score: 4.2/5 (57 votes)

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.

Is an Amex a status symbol?

Some of the oldest players in the Credit Card space have long understood the use of branding Credit Cards as status symbols. The best among them Amex which built a multibillion dollar empire by telling its user they were special. And that their card symbolised this special status.

Is Amex Platinum still prestigious?

The Amex Platinum is one of the most prestigious travel credit cards you can own.

What status does Amex Platinum get you into?

In addition to hotel elite status, carrying the Amex Platinum means you are also eligible for status with the following car rental programs (enrollment is required): Avis Preferred. Hertz Gold Plus Rewards.

What does a platinum American Express card mean?

The Amex Platinum is a premium credit card that offers a welcome bonus, luxury perks, and other value-added services. Cardholders benefit from Uber credits, airfare discounts, bonus points, cashback and much more. Unlike typical credit cards, this card allows you to carry a balance for certain charges, but not all.

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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 income do you need for Amex Platinum?

While there is no set score needed, we recommend you have a credit score of at least 670, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum 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.

Does Amex Platinum give Delta status?

In other words, the 100,000 bonus points that come as a welcome offer on the Amex Platinum when you spend $6,000 in the first six months after opening the account can be redeemed for award travel on Delta, allowing you to earn elite status in the process. Learn more and apply for the Amex Platinum.

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.

Why do people love Amex Platinum?

The Platinum Card from American Express comes with 100,000 bonus points after you make $6,000 in purchases in the first six months of card membership (you may be eligible for an Amex Platinum 125k points bonus offer using the CardMatch tool; offer subject to change at anytime).

What credit cards do billionaires use?

  • American Express Centurion Card.
  • JP Morgan Chase Palladium Card.
  • Dubai First Royal MasterCard.
  • Stratus Rewards Visa Card.
  • Coutts World Silk Card.

Is Amex Platinum better than gold?

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 having an Amex card prestigious?

The Platinum Card® from American Express. The Platinum Card® from American Express is one of the most prestigious cards on the market, with a $695 annual fee to match (Terms Apply.

Is Amex Platinum heavier than gold?

Its gold-plated exterior is a good bit lighter than its sibling (The Platinum Card® from American Express weighs in at 18.6g but comes with a $694 annual fee), but the Gold Card is worth its weight for cardholders who spend more on groceries and restaurants than flights.

Why is Amex so popular?

American Express is special because it is a luxury credit card brand, known for offering elite rewards and having exclusive approval requirements. American Express also is among the country's largest credit card issuers by purchase volume, and it is one of the four major payment networks.

Does it make sense to have Amex Platinum and Delta Reserve?

For those who already carry the Delta Reserve, the Amex Platinum can make a lot of sense in many ways, especially since you'll enjoy some Delta benefits and still be able to transfer your rewards to Delta SkyMiles in a pinch.

Is Delta Sky Lounge free for Amex Platinum?

Yes, you can get into a Delta Sky Club lounge with an American Express Platinum card. As a matter of fact, both primary cardholders and authorized users get complimentary access to Delta Sky Club lounges.

Does Amex Platinum give you Delta priority?

You're in luck. If flying with Delta is your top priority, you can transfer the American Express Membership Rewards points you'll earn with this card directly to your Delta SkyMiles account on a 1:1 ratio.

What kind of metal is Amex Platinum?

The Platinum Card® from American Express is made from a combination of materials that includes stainless steel metal and has a heavier weight than the American Express® Gold Card, according to a company spokesperson.

Is Amex Platinum by invitation only?

The By Invitation Only program is only available on the Amex Platinum card, Amex Business Platinum card, and Centurion card. It is not available on any other lower-end cards.

Does Amex verify income?

No, American Express does not verify income on most credit card applications or credit line increase requests. Amex will generally require income verification only if something seems out of the ordinary, such as a 21-year-old claiming to have an annual income of $150,000.

What is the highest Amex card?

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

Why is the Amex Black card so special?

The Amex black card gets you free access to more than 1,400 airport lounges around the world, including Amex Centurion Lounges, Delta Sky Clubs when you're flying Delta, and Priority Pass airport lounges. You can sit back and relax on the comfortable chairs while indulging in some good food and drinks.

Does Amex Platinum get you into Delta Lounge?

Platinum and Centurion American Express Card Members may enter the club with up to two guests for an additional fee. Guests of Platinum and Centurion American Express Card Members must be traveling on Delta-operated or Delta-marketed flight operated by WestJet (006 ticket number) to access the Club.