Joseph Bulebush, WalletHub Analyst
@joeybule
You need enough income to afford monthly bill payments on the American Express Platinum Card®. While the terms and conditions of the American Express Platinum Card® do not disclose a specific minimum income requirement, the higher your income is, the more likely you are to be approved. Your income will also play a big part in determining your credit limit, with higher incomes generally leading to higher limits.
Keep in mind that the income you list on a card application doesn’t necessarily have to come from a job. American Express will also consider things like Social Security benefits, unemployment insurance, alimony payments, pension distributions, investment returns and more.
If you are at least 21 years old, you may include household income on your application. If you are 18-20 years old, you can only include your own income.
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People also ask
Is it hard to get the American Express Platinum Card®?
It may be hard to get the Platinum Card® because you need a good to excellent credit score and a high income to be eligible for this card. Approval is never guaranteed, though.
What Makes the Platinum Card® Hard to Get?
You Will Need Good to Excellent Credit
You’ll need a good credit score or better to have a shot at getting approved for the Platinum Card®. American Express will also review your payment history...
read full answer by Chip Lupo, Credit Card WriterWhat are my American Express Platinum Card® approval odds?
Your Platinum Card® approval odds might be good if you have good credit or better. Approval odds for the Platinum Card® will also be influenced by your annual income and existing debts, among other factors. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN or ITIN, as well.
What You Need for Good Platinum Card® Approval Odds
- Good credit or better
- Enough income to pay credit card...
What is the minimum salary for a credit card?
The minimum salary for a credit card depends on the specific card, but you may be able to get approved for a credit card with an annual salary as low as $10,000 or so. While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.
Credit card issuers’ minimum annual...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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As per the comment above, rumored income is above the 100K range. However - some people do get the card with their income level well below 100K too. I believe these are in the minority of people. I assume, if you have a low income, your credit score has to be 800+ and you have to have a history of spending a lot of but still paying it off. I knew someone that had a sub 50K income but spends literally 20-30K a year for his hobby. This allowed him to get the PLAT.