What is a platinum level credit card?
Having a platinum credit card used to mean that your credit card was more exclusive and elite than a normal credit card. Now, there are platinum credit cards offered for every level of creditworthiness, from bad to excellent, and the word “platinum” has more to do with marketing than a card’s benefits and features.
What is the credit limit on a credit one platinum card?
The minimum possible credit limit available is $500. You should also note that annual fees will be applied to your first bill and will reduce your available credit by that amount. For instance, if your annual fee is $95 and your credit limit is $500, your available credit for your first month will be $405.
What is credit limit on Amex Platinum card?
You’re guaranteed a credit limit of at least $10,000 with this card, but it comes with a $550 annual fee and requires excellent credit. If you’re a high spender, though, the points you’ll rack up can be well worth it.
Whats the highest credit limit on an Amex Platinum?
$50,000
Our Platinum Credit Cards can have a maximum credit limit of up to $50,000. All other Credit Cards have maximum limits of up to $25,000. However, your limit will depend on your financial circumstances and the Card you choose.
Is platinum card better than black?
American Express Platinum card. Amex Platinum is the clear winner in this matchup of expensive rewards cards. It delivers far more value to cardholders than the Mastercard Black Card does. One of the few situations where the Mastercard Black Card is better is if you want to make a balance transfer.
How much money do you have to have to get a 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.
What are the requirements for a platinum credit card?
Qualifying for platinum credit cards requires that you meet high minimum income requirements. You can expect such a card to offer a considerably higher credit limit when compared to basic cards, and you can also look forward to a variety of extras.
Which is the best credit card for platinum miles?
The best platinum credit card is The Platinum Card® from American Express because it offers a variety of luxury perks and is one of the most prestigious cards overall. Amex Platinum gives a lot of rewards value, too, starting with an initial bonus of 100,000 points for spending $6,000 within 6 months of opening an account.
What’s the credit limit for American Express Platinum?
That means Amex Platinum’s limit may vary based on how much you spend, whether you’ve paid on time, changes in your credit score and more. American Express doesn’t disclose specific Amex Platinum credit limits. Some people report starting limits in the range of $2,000-$5,000. Others say they’ve gotten tens of thousands of dollars in spending power.
How to apply for an advance platinum credit card?
Confidently shop for the credit card through this link money.advanceplatinum.com. With Advance Platinum, anyone can apply and you will get an immediate approval credit card. If you agree with the terms and conditions, privacy policy you will receive daily emails from the Advance Platinum and credit card.