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Platinum American Express – You don’t need to be in the 1% to get approved

by on Tue April 24, 2012 • No Comment

Platinum American ExpressThe Platinum Card® from American Express charge card is one of the most prestigious cards available. While it carries a hefty $450 annual fee it offers a generous complement of privileges that make it well worth the fee for many people.

These include…

  • Access to all Delta Sky Clubs and Centurion Lounges
  • Access to over 500 Priority Pass affiliate lounges for yourself worldwide
  • A $200 annual airline fee credit – can be used to offset baggage fees, change fees, and more on a single airline of your choice
  • Upgrades, free breakfast, $100+ credits at premium hotels worldwide
  • Miles that transfer 1:1 to Delta, British Airways, Air Canada, and more
  • National rental car Executive status – free upgrades on every rental
  • 4 hour grace period for Hertz car rental returns
  • Starwood Hotels Gold elite status — free room upgrades, wifi, 4pm checkout
  • Tables reserved for Platinum Card holders at top restaurants
  • Access to special concert and theater seating

However because of its prestige many people are concerned you need to be among the top income earners in the country to qualify for the Platinum American Express card.

The reality is more mundane…

American Express is primarily looking for a good, solid credit history for card members. This often means a FICO score of 700 or above. They’ll also want a decent reliable income to along with it, but there is no hard and fast rule you need to have a $100,000+ income to qualify for the card.

At the end of the day, they’re looking for people who can afford the $450 annual fee reasonably, and who can pay off their bill in full each month. While there are no hard and fast guarantees with card approval that’s a lot more people than the 1% of top income earners in the country.

So the next time you see someone pull out a Platinum American Express card from their wallet don’t assume that person is wealthy. But do assume that person knows how to spot a good value for savings and benefits on travel.

Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author\’s alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser\’s affiliate programs.

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