Yes, it is hard to get the American Express Platinum card because you need a 700+ credit score and a high income to qualify for approval. But if you have at least good credit and make a lot of money, you have a decent shot at getting approved.
Plus, if you can take advantage of the card’s substantial rewards and benefits, the American Express Platinum card can be worth owning despite its annual fee.
What Makes the American Express Platinum card Hard to Get
You Will Need Good to Excellent Credit. You’ll need a credit score of at least 700 to have a good chance of getting approved for the American Express Platinum card. American Express will also review your payment history and debt-to-income ratio, among other factors.
You Should Have a High Annual Income. Amex doesn’t disclose a minimum annual income to qualify for the American Express Platinum card, though you will need to demonstrate the ability to pay off most purchases by the due date each month. Online forums suggest you will need an annual income of around $50,000+ to qualify.
The Cost of the Card Is Prohibitive for Most People. The American Express Platinum card comes with a hefty $695 annual fee, which is more than 30 times higher than the average annual fee for new credit card offers. Most people will find it hard to justify paying this much every year for the privilege of owning the card.
This answer was first published on 03/19/24. 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.
To be eligible for the Amex Platinum Card® you'll typically need a good to excellent credit score. This makes it one of the more difficult cards to be approved for.
American Express generally requires a good to excellent credit score to qualify for The Platinum Card® from American Express. Terms apply. You'll want to have at least a 690 credit score before applying for the card. So, you may need to work on building your credit score before applying for the card.
There are no published salary requirements in order to qualify for The Platinum Card® from American Express. But the more you earn, the better. If you make nearly $100,000 a year and have good credit, you should have no issue getting approved.
The Platinum Card® from American Express (terms apply, rates & fees) is one of the preeminent travel rewards cards with luxury perks galore — but it comes at a hefty cost.
The Platinum Card from American Express is an excellent card for luxury travelers. Between the welcome offer, a laundry list of benefits, consumer protections and excellent concierge service, it is an experience having the card.
Introduction: My name is Patricia Veum II, I am a vast, combative, smiling, famous, inexpensive, zealous, sparkling person who loves writing and wants to share my knowledge and understanding with you.
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