Is it smart to get an Amex?
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Getting an Amex can be smart if you value premium travel perks, strong rewards (Membership Rewards), excellent customer service, and can justify potential annual fees, especially for cards like Platinum or Gold, but you need good credit and should carry a backup Visa/Mastercard as Amex isn't universally accepted, particularly outside major cities or some shops in Germany. It's great for big spenders and travelers who use lounge access, credits, and status benefits, but less ideal if you only need basic credit or struggle with high fees/minimum spends.
Is having an American Express worth it?
An Amex card is worth getting if you have good credit or better and you want to earn attractive rewards on purchases that you'll pay off by the due date every month. Amex cards often have worthwhile low intro APR promotions and valuable cardholder benefits, too.
How much is $50,000 Amex worth?
50,000 Amex points are typically worth around £225 if redeemed as a statement (around 0.45p per point).
Is it difficult to get an Amex card?
Is it hard to get an American Express card? Yes, it's hard to get an American Express card because you will need a good or excellent credit score for approval, along with enough income for monthly bill payments. American Express cards are generally considered some of the most exclusive credit cards on the market.
What salary do you need for an Amex card?
Annual Fee and Terms apply. 18+, subject to status. Minimum income £35,000.
Watch This Before Applying For American Express | (Major Updates, Rules & Guide)
What is the credit card limit for $70,000 salary?
The credit limit you can expect for a $70,000 salary across all your credit cards could be as much as $14000 to $21000, 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.
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 hardest card to get?
The Centurion Card is so exclusive due to how difficult and expensive it is to obtain. You can only gain access by invitation, as the card does not accept applications.
What are the cons of having an Amex?
- Due to higher transaction fees than other cards, some merchants won't accept Amex cards.
- You can't get an Amex card without at least a good (670 or higher) credit score.
- Annual fees for Amex cards can be high.
- You must pay the balance on Amex charge cards in full each month, so you can't use them to “borrow” money.
Can a normal person get an American Express card?
American Express® credit cards are offered keeping in view various eligibility parameters such as minimum age requirement of 18 years and minimum income requirement of Rs. 4.5 Lakhs for salaried and Rs. 6 Lakhs for self employed (may vary from card to card, check card specific income eligibility).
What is the richest Amex?
The American Express Centurion Card, colloquially known as the Black Card, is an exclusive invitation-only charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.
What will 300,000 Amex points get you?
When it comes to air miles, a balance of 300,000 points opens up a world of destinations, from the beaches of the Seychelles to the buzz of San Francisco. Transfer your points to Avios to enjoy two return business class flights to some of British Airways most coveted US destinations.
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.
Why is Amex so popular?
Amex is so popular because it offers high-end cards with great rewards and luxury perks, which have become status symbols in popular culture over time. For example, the American Express Platinum Card® and the invitation-only Centurion® Card from American Express are among the most prestigious cards available.
Why does Amex have a bad reputation?
Historically, American Express charged higher fees than their competitors, making their cards less attractive to merchants. Merchant funding was also a slow process.
What is the 2 2 2 credit rule?
The 2-2-2 credit rule is a common underwriting guideline lenders use to verify that a borrower: Has at least two active credit accounts, like credit cards, auto loans or student loans. The credit accounts that have been open for at least two years.
Is Amex the hardest credit card to get?
Hardest Card to Get Overall
Why it's one of the hardest cards to get: The hardest card to get is the American Express Centurion Card, known simply as the “Black Card.” You need an invitation to get Amex Centurion, and only the super rich and famous can expect to get the call.
What card do billionaires use?
Billionaires are most likely to use the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.
What is the rarest card ever?
The Shichifukujin Dragon, created to celebrate the opening of the DCI Tournament Center in Tokyo, Japan, is also the only one of its kind in existence. In Japanese mythology, 'Shichifukujin' is the name given to the Seven Deities of Good Fortune.
Why are Amex cards hard to get?
American Express requires good or excellent credit for most of its cards, so it can be difficult to be approved for an Amex card if you're still establishing or rebuilding credit.
What do 200K AmEx points get you?
While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights — that can normally cost over $10,000 — for only 200K points, when transferred to a frequent flyer program.
Do AmEx points expire?
No, American Express Membership Rewards points do not expire as long as your account is open and in good standing. However, you can lose them if you close the linked card and don't have another Amex card, or if you violate program terms, so keeping your account active and in good standing is key.
Can I use AmEx points on Amazon?
Eligible Card Members have the option of using points at amazon.com. When you use points at amazon.com toward your entire purchase, we will charge your purchase to your Card and deduct the points you used from your Membership Rewards® account. You will also see a statement credit for the points you used.