Question: Is Amex Platinum Worth It In India?

Does Amex Platinum build credit?

Charge cards, which include both the personal and business versions of the Amex Platinum Card, Amex Gold Card and Amex Green Card, don’t have a preset credit limit.

Note that Amex will still report your statement balances to the credit bureaus, even if they don’t affect your credit score..

What is the most prestigious credit card?

The top 5 most prestigious credit cards in the worldCenturion® Card from American Express. This Amex card is widely acknowledged as the most prestigious invitation-only black card in the world.J.P. Morgan Reserve Card. … Dubai First Royale Mastercard. … Coutts Silk Charge Card. … Sberbank Visa Infinite Gold Card.

Is Amex credit card good in India?

The cards are best suited for individuals who are looking for reward points and benefits on shopping and travel….American Express® Credit Card Customer Care.American Express® Credit CardsContact NumbersAmerican Express® Platinum Travel Credit Card1800 419 2122 0124-28011223 more rows•Nov 11, 2020

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.

Does Amex Platinum have a limit?

American Express Platinum has no preset credit limit. That means the amount you can spend may change from month to month based on your usage of the card, credit history, income and more.

How do I waive my Amex Platinum Fee?

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.

What is the top AMEX credit card?

The most popular luxury credit card on the market is the Amex Platinum card. It offers free membership to 7 major airport lounge networks, a $200 annual airline fee credit, and a $100 annual statement credit for Saks Fifth Avenue purchases.

How much money do you need to have an American Express Platinum card?

What does your credit score need to be for the Platinum Card? While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum.

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.

Who has black card in India?

Certain members of business families such as Oberois, Munjals, Godrejs, Burmans and Bhartiyas are learnt to have received the black titanium rectangle. Among Bollywood biggies, Amitabh Bachchan is a black card holder. What does the black card offer, apart from a Rs 10-crore credit limit?

Which credit card is best in India 2020?

10 Best credit cards in 2020:Credit CardJoining FeeAnnual FeeIndianOil Citi Platinum CardNILRs.1,000HDFC Freedom Credit CardNILRs.500Yatra SBI Credit CardRs.499Rs.499HDFC Bank Diners Club Black CardNILRs.10,0006 more rows

Is American Express for rich?

The Platinum Card from American Express is a charge card, meaning your balance is due in full every month. This is both good and bad. As a rich person, you should have your credit card on auto pay each month. … But usually, AMEX will waive the fee once a year if you are a good customer.

Which is better Amex gold or platinum?

Amex Gold is the cheaper option, charging $250 per year versus Amex Platinum’s $550. The American Express Gold Card also is the better choice for people who spend a lot on dining. … Platinum also provides more points on travel purchases. Both of these cards require good credit or better for approval.

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.

What is the hardest credit card to get?

Hardest Credit Cards To Get of 2020:Hardest Overall: Centurion® Card from American Express.Luxury Travel: J.P. Morgan Reserve Credit Card.Rewards: Chase Sapphire Reserve®Business: Wells Fargo Business Elite Signature Card®Travel: Bank of America® Premium Rewards® credit card.Low Interest: Simmons Bank Visa®

Can I switch from Amex platinum to gold?

Let’s start by making one thing clear: If you do decide to downgrade your Platinum card, you need to close it and then open an American Express Gold Card rather than call Amex and request a downgrade. A product change will not entitle you to the welcome offer for the Gold Card, and you don’t want to miss out on that.

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.

Does Amex Platinum get you airline status?

When you open a card like the Amex Platinum, you get the opportunity to choose the airline you like to fly the most. You’ll then get up to $200 in annual credits for incidental fees on that airline.