You must also be at least 18 years old and have a valid Social Security number, Tax ID number, or passport. Proof of a steady annual income is required, too. American Express doesn’t disclose a specific income requirement to get a American Express Platinum card. Other factors such as a low debt-to-income ratio and few recently-opened credit accounts should also boost your chances of getting a American Express Platinum card.
Before you apply for a American Express Platinum card, be aware that the card comes with a $695 annual fee. In addition, it’s not a traditional credit card, which means you must pay off the statement balance in full every month most of the time. There is an exception for Pay Over Time purchases, though, allowing you to spread out payments for approved eligible charges, with interest. Eligible charges can be included in a Pay Over Time balance, up to a limit. All charges not included in the Pay Over Time balance will also require to be paid in full every month. The American Express Platinum card also has no preset spending limit, so the maximum amount you can spend on the account could change in any given month, based on a variety of factors.
The main American Express Platinum card requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and at least good credit (a credit score of 700+).… read full answer
American Express Platinum card Requirements
At least 18 years old
Physical U.S. address (no P.O. boxes)
Proof of enough income to make the monthly minimum payment
Social Security number or ITIN
Good credit or better (a credit score of 700+)
In case you don't know where you stand, you can check your credit score for free, right here on WalletHub. You can also gauge the odds of your approval for the American Express Platinum card and other American Express credit cards by using Amex's online pre-qualification tool. Just keep in mind that while getting pre-qualified indicates good odds of approval, it does not guarantee it.
If you apply for the American Express Platinum card, it’s important that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.
The American Express Platinum card credit score requirement isn’t the only thing that determines whether you’ll be approved, though. Your credit history, income and any debt you’re carrying will also play a role in your approval odds. In fact, reports around the internet suggest you can get approved with slightly lower credit score if you have high enough income.… read full answer
To gauge your odds of approval, you can also check to see whether you pre-qualify for American Express Platinum card offers. Unlike an actual application, pre-qualification is only based on a soft inquiry on your credit report, and does not affect your credit score. Just keep in mind that while pre-qualification indicates good odds of approval, it does not guarantee it.
If you don’t meet the American Express Platinum card credit score requirement, there are plenty of other credit cards you can get. They likely won’t be from American Express, though, since Amex cards require good or excellent credit. The best credit cards for fair credit also have rewards that fit various spending habits. Once you get a credit card, be sure to make all of your payments on time, and try to keep your credit utilization below 30%. This will help raise your credit score so you can get approved for a card like American Express Platinum card in the future.
Yes, the American Express Platinum card is hard to get approved for. 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. However, if you are a big spender and are able to take advantage of the card’s substantial rewards and benefits, American Express Platinum card can be absolutely worth it.… read full answer
American Express Platinum card isn’t the hardest Amex card to get, though. Its requirements are far more lenient than those of the Centurion® Card from American Express. It is an invitation-only card that reportedly requires you to spend hundreds of thousands of dollars per year on another Amex card and have a 7 figure annual income to qualify.
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