What's the American Express Platinum interest rate? This question is about The Platinum Card® from American Express

The American Express Platinum card interest rate is around 21.24% (V) to 29.24% (V) for purchases made using the card's Pay Over Time feature. The exact interest rate will be determined based on the cardholder's credit history and American Express account history, among other factors. There are a few things to keep in mind about the American Express Platinum card interest rate, such as: The Pay Over Time feature applies to purchases that Amex approves for a longer payment period. Purchase amounts in a Pay Over Time balance will also be subject to a monthly fee of up to 1.33%. American Express Platinum card does not have an interest rate for other purchases because it is a hybrid card (combining features of a regular credit card and those of a charge card). This means a cardholder must pay off all purchases not included in the Pay Over Time balance in full every month. Cardholders who are not using Pay Over Time, may use the Plan It feature to pay off large eligible purchases in exchange for a flat fee and no interest. American Express Platinum card also charges a penalty interest rate for late payments of 29.99% (V) and a cash advance interest rate of 29.99% (V) - each cash advance transaction is also subject to a 5% (min $10) fee. The penalty rate applies if you don't pay the regular balance in full each billing period. For cash advances, American Express charges interest daily, beginning on the transaction date.

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What's the American Express Platinum interest rate?

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This question is about The Platinum Card® from American Express

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Jane Walker, Member

@janewalker • 10/14/22 This answer was first published on 10/13/21 and it was last updated on 10/14/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The American Express Platinum card interest rate is around 21.24% (V) to 29.24% (V) for purchases made using the card's Pay Over Time feature. The exact interest rate will be determined based on the cardholder's credit history and American Express account history, among other factors.

There are a few things to keep in mind about the American Express Platinum card interest rate, such as:

The Pay Over Time feature applies to purchases that Amex approves for a longer payment period.
Purchase amounts in a Pay Over Time balance will also be subject to a monthly fee of up to 1.33%.
American Express Platinum card does not have an interest rate for other purchases because it is a hybrid card (combining features of a regular credit card and those of a charge card). This means a cardholder must pay off all purchases not included in the Pay Over Time balance in full every month.
Cardholders who are not using Pay Over Time, may use the Plan It feature to pay off large eligible purchases in exchange for a flat fee and no interest.

American Express Platinum card also charges a penalty interest rate for late payments of 29.99% (V) and a cash advance interest rate of 29.99% (V) - each cash advance transaction is also subject to a 5% (min $10) fee. The penalty rate applies if you don't pay the regular balance in full each billing period. For cash advances, American Express charges interest daily, beginning on the transaction date.

What's the American Express credit card interest rate?

The American Express interest rate is 18.24% (V) to 29.99% (V), depending on the card and on your overall creditworthiness. Some cards also offer a 0% introductory interest rate, lasting for a specified number of months. An American Express card with a 0% interest rate allows you to finance big-ticket purchases for several months without the costly interest charges.

The Amex cards that offer 0% intro APRs include:

Amex EveryDay: 0% for 15 months intro on purchases...

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What credit score do you need for an American Express Platinum card?

The American Express Platinum card credit score requirement is 700 or higher. This means applicants need good credit or better to be approved for the American Express Platinum card in most cases. If you don’t know where you stand, you can check your credit score for free, right here on WalletHub. To gauge your odds of approval, you can also check to see whether you pre-qualify for American Express Platinum card offers.

The American Express Platinum card credit score requirement isn’t the only thing that determines whether you’ll be approved, though....

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Is Amex Platinum worth the annual fee?

Yes, Amex Platinum is worth its $695 annual fee if you qualify for its initial bonus and take full advantage of benefits such as airport lounge access and airline fee credits. To earn the 80,000 points initial bonus, you need to spend $8,000 in the first 6 months your Amex Platinum account is open.

Amex Platinum cardholders who earn the initial bonus and use the card regularly could earn over $1,600 in net value (rewards and...

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