The Amex Platinum card waives its annual fee for active-duty servicemembers — but even with the fee, it's an excellent value. ... If you're an active-duty servicemember, you can get the annual fee waived for all American Express cards.
Yes! Military servicemembers and their spouses are eligible for the 100,000 point welcome offer. They can also get the $695 annual fee waived on all of their Amex Platinum cards.
Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945. However, it's important to understand that this approach may not be successful. American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card's $695 annual fee.
Most recent data points show that AMEX does not review your MLA or SCRA military status for a few months after you leave active duty military service. This is true whether you separate or retire.
Chase Sapphire Benefits for Military
All Chase personal credit cards are offered with no annual fees for active duty military servicemembers and their spouses. The top two choices are the Chase Sapphire Preferred or Sapphire Reserve cards.
The annual fee of $695 is waived for active military members, spouses, and domestic partners when credit is extended jointly. This is a huge savings that American Express offers to military members as a thank you for your service.
The chief military specific benefit on the AMEX Gold card is the $250 annual fee waived for active duty troops and spouses. Other key benefits include the welcome bonus of 60,000 points after spending $4000 in the first 6 months of Card Membership.
The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better. Issuers will usually also consider your current debts, income, and other pertinent information.
The Amex Platinum is one of the most prestigious travel credit cards you can own. ... Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future. Several of the best no annual fee travel credit cards are offered by American Express.
Most American Express Platinum card purchases must be paid in full each month. You can only carry a balance from month to month with select eligible charges using the card's Pay Over Time feature, with interest. These charges will be included in a different balance, up to a limit.
The American Express credit score requirement is 700 or above, depending on the card. That means people with good to excellent credit are eligible to be approved for an American Express credit card.
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.
The Platinum Card® from American Express is made from a combination of materials that includes stainless steel metal and has a heavier weight than the American Express® Gold Card, according to a company spokesperson.
Charge cards, which include both the personal and business versions of the Amex Platinum Card, Amex Gold Card and Amex Green Card, don't have a preset credit limit. ... Note that Amex will still report your statement balances to the credit bureaus, even if they don't affect your credit score.
Most Amex credit cards allow you to carry a balance from month to month, requiring only a monthly minimum payment to keep your account in good standing. ... If you have one of those cards and use it responsibly, American Express may offer to let you pay for certain purchases over time.
Yes, you can easily upgrade your Amex Gold card to the Amex Platinum card by calling the customer service number on the back of your Amex Gold card or using the chat feature on the American Express website.
SCRA Eligibility
The SCRA covers all active duty service members, reservists and the members of the National Guard while on active duty. The protection begins on the date of entering active duty and generally terminates within 30 to 90 days after discharge.
In order to keep the account in good standing and keep a spotless credit score, it is always important to make payments on time every month. There are no interest charges on the Platinum account because it must be paid in full each month.
To be blunt, The Platinum Card® from American Express is a status symbol for a well-heeled, jet-setting minority – and for those fortunate enough to have ample corporate spending accounts.
Interest charges accrue when you don't pay the bill off in full. Pay Over Time charges an interest rate that is the same across the Green, Gold and Platinum products. As of August 2020, cardholders who use the feature will pay an APR between 15.99% to 22.99%, depending on creditworthiness.
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.
No, American Express does not verify income on most credit card applications or credit line increase requests. ... You'll often be able to prove your income by submitting a job offer letter, showing your pay stubs, or filling out a form that allows American Express to access your tax returns.
American Express can help your credit score if you are the primary accountholder or an authorized user aged 18 or older on an American Express credit card or charge card account. ... Every month an open Amex account is used responsibly, positive information will be reported to the credit bureaus.
The American Express Centurion Card is the most exclusive credit card in the world and commonly known as the “Amex Black Card.” Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.
What credit score does Amex use? Data points indicate that American Express uses the FICO 8 scoring model from the Experian credit bureau. The bank is also likely to pull the same score from either Equifax or TransUnion but the applicant won't know until after they try.