Question: Is American Express For Rich?

Is Amex for the rich?

The Platinum Card® from American Express is a good example of a card that attracts the rich.

Not only does it offer some pretty epic rewards with its Membership Rewards loyalty program, but it offers access to the Global Lounge Collection..

Is it hard to get an American Express card?

It’s harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex’s credit card offers require good or excellent credit for approval. … And some of Amex’s premium cards for big-spenders, which can be relatively difficult to get, have high fees.

What credit cards do rich use?

American Express Centurion Card The American Express Centurion Card is the most exclusive credit card in the world and is commonly known as the original black card.

What credit score is good for American Express?

680For cards like The Platinum Card® from American Express and American Express® Gold Card, for example, you’ll need to have good to excellent credit—usually 680 at a minimum. There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that’s rare.

What is the easiest Amex card to get approved for?

The easiest American Express credit card to get is the USAA Secured Card, so long as you’re eligible for USAA products. Ifyou’re not, you might want to focus on one of the Amex cards that require good credit, like the Amex EveryDay Credit Card.

Does Amex verify income?

American Express occasionally conducts financial reviews where they will ask you to verify your income by sending them a copy of your tax returns. And if your income doesn’t match your tax returns, they either slash your credit lines or close your credit cards.

What is the most expensive American Express card?

American Express Centurion CardThe most expensive credit card is the American Express Centurion Card (also called the Amex “Black Card”), because it has an initiation fee of up to $7,500 and a $5000 annual fee.

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.

Who has black card in BTS?

maknae JungkookThe global superstar BTS maknae Jungkook was caught on camera, confirming that he actually owns a Black Card. This has also been called a flex by fans as he went shopping with his eldest members, which took place in New Zealand. It was also said that the singer has a net worth of $8 million, according to research.

What credit card does Bill Gates use?

American ExpressIt’s just easier.” The frugal billionaire revealed that he has at least one credit card though – “I’ve got an American Express card which I got in 1964.” His empire – Berkshire Hathaway – owed 17.9% of American Express as of the end of 2018.

Which celebrities have a black card?

But we have it on good authority that celebrities including Beyoncé, Oprah Winfrey, and Jerry Seinfeld, who reportedly received the first-ever Black Card, all carry it.

What is the minimum credit limit for American Express?

Many cardholders report spending limits of $5,000-$10,000. Some cardholders report starting limits as low as $2,000, which rise and fall with your monthly spending. Amex Gold requires at least good credit and charges an annual fee of $250.