While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.
It will be difficult for the average person to get Amex Platinum because of the card's 700+ credit score requirement and reportedly high income requirement. Anecdotal evidence suggests most people need to make at least $40,000 to $50,000 per year and that approval odds are best with $100,000 or more in annual income.
The Business Platinum Card® from American Express requires spending $15,000 within 3 months for its initial bonus of 120,000 points. And the American Express® Gold Card gives you 60,000 points after spending at least $4,000 in 6 months.
Which card you apply for depends on your individual spending discipline, repayment behaviour and credit eligibility. You will need to have a good credit history (and a score of 750 or above) and a high income in order to qualify.
The Platinum Card from American Express earns rewards at the following rates: 5 membership rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per ...
The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an invitation is needed to apply.
What does your credit score need to be for the Amex Platinum card? While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.
Only a very few lenders will have credit cards for people who have a salary of Rs. 10,000. Apart from your salary, your credit history will also be checked, if you want to qualify for these credit cards. If you have a good credit score, you have a better chance of getting approved for a reasonable credit limit.
Bottom Line. It's possible to get a first credit card at a young age by becoming an authorized user on a parent's account, but the legal age to apply for your own credit card is 18. Eighteen to twenty year-olds must apply with a cosigner (which not all banks allow) or with proof of income.
Age – You will need to be minimum 18 years of age to apply for a Credit Card. Even if you are an add-on Credit Card holder, the age limit needs to be met. Anyone meeting this criteria becomes eligible for a Credit Card. ... Credit history – A good credit history is proof that you can manage your credit well.
The Amex Platinum card waives its annual fee for active-duty servicemembers — but even with the fee, it's an excellent value. The letter F. ... That means you can get the $695 annual fee (See Rates) waived for The Platinum Card® from American Express . Read Insider's guide to the best rewards credit cards.
Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and The Platinum Card® from American Express. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.
There's no credit limit
The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. ... The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance. Whatever they spend must be paid back in full each month.
To get an invitation to the card, cardholders must have a minimum of $10 million in assets managed by J.P. Morgan's private bank. It is one of the few invitation-only credit cards in the United States. The closest card by comparison is Centurion® Card from American Express, sometimes referred to as the Amex black card.
Average credit limits
Because many consumers apply for store cards as their first credit card, your first credit limit is generally going to be on the low end. Though Equifax notes these retail cards averaging between $2,000 to $2,500, credit limits can be much less than that — in some cases below $1,000.
Legally, no one can get a credit card on their own unless they're at least 18 years old. However, a minor can be an authorized user on someone else's account.
You can get a credit card at 14 as an authorized user, but you have to be at least 18 years old to open a credit card account in your own name. ... In the meantime, you can begin to build credit as an authorized user, and you can always use a debit card for everyday purchases.
Your income is required when you apply for a new credit card. And, lying about it could get you approved, but it could also get you in trouble. ... Most card issuers will also ask you to provide information about your income. You might have to tell the card issuer what your career is and how much money you earn annually.
Your first credit limit may be as low as $100 if your first credit card is from a retail store, but you might be approved for a slightly larger credit limit up to $500 if your first credit card is issued by a bank or credit card company.
Banks do provide credit cards for low salaried (Rs 8,000- Rs 15,000) depending on the annual income. Eligibility on the card will be 3 times of the monthly salary.
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.
Emirates Platinum Card programme was launched in 2008 that is exclusively available for the Emirates employees. Emirates Platinum Card offers special discounts to their employees. The offers can be availed on shopping, entertainment, leisure, movies, dining and much more.