What's the credit limit on Amex Platinum?
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.
There's no preset American Express Platinum card limit. If you want to spend $5,000 one month and $20,000 the next, you can, as the lack of a credit limit gives you unmatched flexibility. You just have to pay the $695 annual fee.
You can Log on to Online Services to access information on your Card account, including your credit limit information or check your available credit limit on the Amex App. You may also refer to your account statement to check the credit limit on your Credit card.
To be eligible for the Amex Platinum Card® you'll typically need a good to excellent credit score. This makes it one of the more difficult cards to be approved for.
The American Express® Platinum Card is a Charge Card. Charge Cards are not Credit Cards, but they do offer another form of Card payment. They have no pre-set spending limit8, but that does not mean unlimited spending.
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 670, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.
To request a credit limit increase on your American Express Card, log into your account and navigate to the credit limit increase request form or simply call the number on the back of your Card.
A credit limit is determined based on financial details and information we receive in your application. We review this information on a regular basis and may offer you a new credit limit during your membership.
American Express will automatically increase the credit limit for eligible credit card accounts based on periodic account reviews that typically begin six months after an account is opened. Automatic credit limit increases are done at American Express's discretion, and there's no guarantee when one will occur.
How American Express calculates your charge card limit. American Express determines spending limits based upon your reported annual income and your payment history with their cards.
Why is Amex Platinum so prestigious?
The American Express Platinum card is a prestigious credit card because it's a metal card meant for big spenders with good credit or better who travel often and can take advantage of generous perks. For example, you get a big initial bonus, valuable ongoing rewards, concierge service, and airport lounge access.
- Open the Morgan Stanley version of the card and a Platinum CashPlus account. There are multiple versions of The Platinum Card® from American Express. ...
- If you're active-duty military, American Express waives the fee.
The Amex Gold card is probably a better choice for those who want to earn at-home membership benefits. The Platinum card is designed to provide benefits to travelers. Both the Amex Platinum and Gold cards require high credit scores and have a hefty entry price in the form of an annual fee.
Absolutely not. Kipp says that this is one of the top misconceptions about the program. The only involvement from American Express is the bonus you get after closing; you aren't actually using your credit card to purchase the house, nor are you using it to pay any deposits, title costs or mortgage fees.
What is the most prestigious credit card? One of the world's most prestigious credit cards is the Centurion® Card from American Express*. Though there may be other cards with more elaborate benefits, those cards are kept well under wraps.
| Number of American Express Points | Average Value |
|---|---|
| 150,000 | $1,005 |
| 140,000 | $938 |
| 130,000 | $871 |
| 120,000 | $804 |
The Minimum Payment Due includes all charges that were not added to a Pay Over Time and/or Cash Advance or Plan balance, plus a portion of your Pay Over Time and/or Cash Advance balance, any interest accrued, and any Plan Payment Due.
The American Express Black Card income requirement is reportedly at least $1 million per year. It's rumored that you must also spend and pay off at least $350,000 across your American Express credit cards annually just to get an invitation to apply.
The Platinum Card® from American Express is not good for building credit from scratch because it requires at least good credit for approval. But it can help people who meet that requirement continue to build credit, since it reports to the major credit bureaus on a monthly basis.
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
How often does Amex raise your limit?
American Express will automatically increase your credit limit no more than once every six to 12 months. If you'd rather not wait around for an automatic credit limit increase, American Express also offers the option to request an increase yourself. You can do this every every three months.
Amex may decide to lower your card's credit limit if your income is reduced, you make late payments, you miss payments, your credit score drops, you have a high credit utilization ratio, you don't use your card frequently or you've been a victim of identity theft.
The average credit limit for members who have matched with similar cards is $13,202, with $5,000 being the most common. The Platinum Card® from American Express does not have a traditional credit limit and was compared to similar premium cards.
Delta SkyMiles® Gold American Express Card
Highest reported credit limit: $50,000, according to a post on the myFICO forums. Welcome offer: Earn 40,000 bonus miles after you spend $2,000 in purchases on your new card in your first six months.
You pay every credit card bill on time. As a reward, the credit card issuer may automatically grant you a higher credit limit, or invite you to request one. It could be just a small bump, or it may be as much as 30%.
