American Express Platinum Card® vs.
Centurion

Yes, it is typically hard to get the American Express Platinum Card® because it requires at least good credit for approval. Unless your credit score is good or better and you have a lot of income, it will be difficult for you to get approved for the Platinum Card®.

In order to get the Platinum Card®, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You'll also need to have an SSN or ITIN.

Keep in mind that the above are guidelines, rather than requirements. Each issuer has its own approval criteria. Even if you meet all of the requirements for the Platinum Card®, approval is not guaranteed.

The Centurion® Card from American Express spending limit can change monthly based on your spending patterns and other factors. Keep in mind that cards with no preset spending limit (NPSL), such as Centurion® Card from American Express, don't have limit less spending power. Rather, NPSL simply means the issuer doesn't assign you a static limit when you're approved for the card.

With most NPSL cards, you won't know what your card's limit will be in any given billing period, so it's best...

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...

Yes, the Platinum Card® is worth its $895 annual fee if you qualify for its welcome bonus offer and take full advantage of benefits such as airport lounge access and airline fee credits. With the ability to earn rewards on everyday purchases and the luxury perks, it can provide significant value for those who travel frequently or prioritize premium experiences.

Platinum Card® Benefits

Welcome Bonus:

You may be eligible to earn as high as 175,000 points for spending $12,000 on eligible purchases within the first 6 months (welcome offers vary and you may not be eligible for an offer; apply and, if approved, find out your offer amount and accept the card with your offer, spend $12,000 in 6 months, and receive the points).

Statement...

The American Express Black Card's requirements are rumored to include being an Amex cardholder for at least a year, spending over $100,000 annually on American Express credit cards, and annual income of at least $1 million. You'll probably need to have an excellent credit score, too. To be clear, these things only get you an invitation to apply for the card. So that's just the bare minimum needed. There is a steep "initiation fee" of...

You cannot apply for the Centurion® Card from American Express as it is an invitation-only card. American Express sends invitations to select individuals who meet their strict criteria.

Requirements for a Potential Centurion® Card from American Express Invitation

• Current American Express Cardholder: You typically need to be a current American Express cardholder to be considered.
• High Spending: Demonstrate significant spending on your existing American Express card. Reports suggest spending requirements are upwards of $400,000 to $500,000 annually.
• Credit Score:...

The American Express Platinum Card® annual fee is $895. Platinum Card®'s $895 annual fee is higher than the average annual fee among new credit card offers right now. It's not the only fee you need to worry about with the American Express Platinum Card®, either.

Platinum Card® Fees

• Annual Fee: $895
• Cash Advance Fee: 5% (min $10)
• Foreign Fee: 0%
• Max Late Fee: $40

If you want to learn more, you can check WalletHub's guide on...

You typically need good credit or better to have a shot at getting approved for the Platinum Card®. You can check your credit score for free here on WalletHub to see if you qualify.

Note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Platinum Card®. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status,...

The American Express Platinum Card® no longer offers price protection. American Express discontinued the price protection benefit, which provided coverage up to $250 per item and $1,000 per year, for the Platinum Card® in 2002. Prior to that, if a cardholder purchased an eligible item with the Platinum Card® and any retailer reduced the price of the item within the next 30 days, American Express would have refunded the difference between the purchase price and the sale price.

The...

Yes, Amex still has a black card, officially known as the Centurion® Card from American Express. This card is one of the most prestigious and high-end cards in the credit card world, and is reserved for Amex cardholders who spend a certain amount per year.

Facts You Should Know About Centurion® Card from American Express

1. Invitation-Only Membership: The Centurion® Card from American Express is invitation-only, meaning you cannot apply directly. American Express extends invitations to its high-spending, elite customers.

2. Fees: The card...