Should I Get Amex Gold Or Platinum?

Does Amex Platinum improve credit score?

If you check your credit report for an Amex charge card, you’ll see that there is no utilization calculated: In many ways, this means that charge cards share one of the best benefits of business credit cards, namely that purchases you make don’t directly affect your personal credit report..

Can I have 2 Amex cards?

Bottom line. You can only have four Amex credit cards and ten Amex charge cards open at any given time.

What FICO score does AMEX use?

ExperianAmerican Express uses Experian most of the time. Though Amex will use the other 2 major credit bureaus, TransUnion and Equifax, for some applications, they pull Experian for the majority.

Is it worth getting the Amex Platinum?

The card comes with a $200 Uber credit, $200 airline incidental credit, and $100 Saks Fifth Avenue credit — which effectively cancel out much of the annual fee. … Given the number of luxury benefits you receive from having the card, if you can afford the annual fee, then yes the Amex Platinum card is definitely worth it.

Is Amex Platinum prestigious?

The Platinum Card® from American Express is arguably the most prestigious card on the market. New cardholders can earn a welcome bonus of 75,000 Membership Rewards® Points and the card earns up to 5x Membership Rewards points on eligible travel purchases.

Is Amex platinum hard to get?

The Amex Platinum can be a hard credit card to get. It does have a high annual fee of $550 (See Rates & Fees). … Some experts recommend waiting two years to apply for the Amex Platinum after you get your first credit card. It largely depends on your credit history.

What credit score do I need to get American Express Platinum?

a 700+Good credit needed for approval The American Express Platinum credit score requirement is good credit or better. That means applicants need a 700+ credit score for good approval odds. So make sure to check your credit score for free on WalletHub before applying.

How do I get an Amex Platinum 100k offer?

American Express Platinum 100K Offer If you qualify, you only have to spend $5,000 in the first 3 months to earn the full 100,000-point bonus. Taking the extra minute to see if you have credit card pre-approval for this bonus means you can earn a bonus worth $400 more than the standard 60,000-point bonus.

Should I get an AMEX gold card?

The Amex Gold is not the first credit card to offer bonus categories on dining worldwide and at U.S. supermarkets, but it might be the most valuable one. Four Membership Rewards points per dollar beats out the 3x Ultimate Rewards points on dining offered by the Chase Sapphire Reserve.

What happens if you don’t pay off Amex Platinum?

Amex Platinum is a charge card, which means the entire regular balance must be paid in full each month. … You’ll also be charged the fee if you do not pay off the entire regular balance on time. The fee goes up to $40 in either case if there’s another late payment in the following six billing periods.

Can I have both Amex Gold and Platinum?

Sign up for the TPG newsletter! … As TPG contributor Ethan Steinberg explained here, you can pair three Amex cards (the Platinum and Gold cards, plus The Blue Business® Plus Credit Card from American Express) to really maximize your rewards on just about every bonus category and everyday, non-bonus spend.

What credit score do you need for an Amex Gold?

700 or higherCredit Needed: Good or excellent. For good Amex Gold approval odds, you’ll want a credit score of 700 or higher. You can check your latest credit score for free on WalletHub.

What does a gold Amex mean?

American Express Gold cardholders can earn four points for every dollar spent at U.S. restaurants and U.S. supermarkets (up to $25,000 in purchases), three points for every dollar spent booking flights with airline companies or through the American Express travel website, and one point for every dollar spent on any …

What is the hardest credit card to get?

American Express Centurion CardWhy it’s one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

How do I get my Amex Platinum fee waived?

To get American Express Platinum’s annual fee waived, call the American Express retention department at 1 (800) 452-3945. State that you’re considering cancelling or switching cards because of the high annual fee.