Can I get the Amex Platinum fee waived?

Is Amex Platinum worth it anymore?

The American Express Platinum Card®, one of the most expensive cards on the market, bumped its annual fee to $895 ( see rates and fees ), adding credits for popular services and keeping earning rates the same. And those new benefits might make it worth the cost — especially if they match your everyday spending.

What is the 2 in 90 rule for American Express?

2 in 90 Rule

You can only get approved for two credit cards every 90 days. This means that if you apply for a third card within the 90-day window, you'll automatically be rejected. These rules apply to credit cards only and not charge cards, so you can apply for as many charge cards as you like.

What salary do you need for an Amex Platinum?

There isn't a published income requirement for the Amex Platinum Card.

Is Amex Platinum a rich card?

The American Express Platinum Card® is for fairly rich people. A high income will help you afford this premium travel card's $895 annual fee.

Is the Amex Platinum 200K offer worth it?

Hot Tip: We value Membership Rewards points at 2.2 cents each, so this 200,000-point welcome offer roughly translates to about $4,400 in travel value. That makes this one of the highest-value welcome offers out there for a premium business card — even with its $895 annual fee (rates & fees).

Can you convert Amex Platinum to Schwab?

Can this Card be converted into The Schwab Investor Card® from American Express or American Express Platinum Card® for Schwab? No. You will need to apply and be approved for a new Schwab Investor Card® from American Express account or a new American Express Platinum Card® for Schwab account.

Is Amex better than Visa or Mastercard?

Key Takeaways. American Express has a 99% acceptance rate at U.S. merchants, matching Visa and Mastercard, but it has a lower acceptance rate internationally. American Express cards are generally harder to qualify for, typically requiring a good to excellent credit score.

What credit score is needed for Amex Platinum?

American Express generally requires a good to excellent credit score to qualify for the American Express Platinum Card®. Terms apply. You'll want at least a 690 credit score before applying.

Does cancelling Amex Platinum hurt credit?

Assuming your credit history is otherwise "clean", your score is unlikely to change by more than a couple dozen points by simply closing an account. Your credit use percentage will be affected, but your score will recover within a year or so even if it does change, provided you don't have debt on other cards.

Can I negotiate my credit card's annual fee?

Call your issuer

Call the customer service number on your statement or the back of your card, and provide identifying information such as your name and account number. Then, ask if you can get a waiver for your annual fee. If successful, you're done.

Can you write off Amex Platinum fee?

Personal credit card fees aren't deductible, but business-related fees are eligible for tax deductions. Businesses can deduct credit card finance charges, annual fees, and processing fees as expenses.

What credit card has a $100000 limit?

The credit card that gives you the highest available credit is the Chase Sapphire Preferred® Card because it reportedly offers a maximum credit limit of $100,000. Chase Sapphire Preferred reserves its maximum credit limit for the highest-income individuals with good credit or better, though.

What are the downsides of Amex Platinum?

The biggest disadvantage of the American Express Platinum Card® is that it charges a high annual fee, at $895. Therefore, it's not a great option for people who use their card infrequently or are tight on money.

Why is Gen Z obsessed with Amex?

Millennials and Gen Z are driven by lifestyle choices more than any previous generation. AmEx's network of airport lounges, dining rewards, travel benefits and exclusive-event access aligns with a generation that prioritizes experiences over material things.

How much are $100,000 American Express points worth?

100,000 American Express Membership Rewards points are worth anywhere from $700 to over $2,000, depending heavily on redemption; you'll get around $1,000 (1 cent/point) for statement credits or gift cards, but transferring to airline partners for business/first-class flights can yield $2,000-$5,000+, making high-value travel redemptions the best way to maximize your points. 

What is the credit card limit for $75000 salary?

The credit limit you can expect for a $75,000 salary across all your credit cards could be as much as $15000 to $22500, or even higher in some cases, according to our research. The exact amount depends heavily on multiple factors, like your credit score and how many credit lines you have open.

Does Amex have a 2-90 rule?

Amex 2-in-90 rule

American Express restricts card approvals to no more than two within 90 days. This means that even if you follow the 1-in-5 rule above and get two cards more than five days apart, you still can only get those two cards within 90 days.

What is the hardest credit card to get approved for?

Hardest Credit Cards To Get In 2023

• American Express Centurion Card (“Black Card”)
• Chase Sapphire Reserve.
• American Express The Platinum Card.
• Capital One Venture X Rewards.
• American Express The Business Platinum Card.
• Mastercard Black Card.
• American Express Gold Card.
• Mastercard Gold Card.

How to get $50,000 credit card limit?

If you have excellent credit, high income and low credit utilization among other variables, issuers may offer you a credit line of $30,000 to $50,000. However, it's possible credit issuers offer a credit limit even higher than that.

What triggers Amex pop-up jail?

If you've received the dreaded popup, it's probably because you have several Amex cards open. If you have opened cards, then spent the required amount to receive the signup bonus, then stopped spending on it because you moved on to the next card and bonus, then this is most likely the reason you've ended up in jail.