CreditDonkey is a credit card comparison and financial education website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Updated February 16, 2018

American Express Platinum Credit Score: What You Need to Know

Read more about The Platinum Card® from American Express, a CreditDonkey advertiser
Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
This article contains references to products from our partners. We receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

The average The Platinum Card® from American Express cardholder has a great credit score. But credit requirements may not be as tough as you think. Find out how to improve your odds.

How to Get Approved for AMEX Platinum

The American Express Platinum has long been the premium travel reward card.

Surprisingly, for such a luxury card, the average cardholder credit score isn't quite as high as you would expect.

Read on for what you need to know about getting approved for the Platinum.

We'll explain more below. But first, let's highlight the current American Express Platinum promotions.

Earn 60,000 Bonus Points

Up to $200 in Annual Uber Savings

$200 Airline Fee Credit

Access Over 1,100 Airport Lounges

American Express Offers for New Customers: February 2018

ForCredit Card
TravelAMEX Platinum
Small BusinessSimplyCash Plus
Cash BackBlue Cash Preferred

Credit Score Needed for AMEX Platinum

There are multiple "credit scores" available. But in general, 720 is considered an excellent score. The AMEX Platinum usually requires excellent credit.

Since the AMEX Platinum is a charge card, you need to pay the balance in full each month. You are not getting a revolving credit line. This means it may be easier to qualify as long as you have a strong credit history.

The credit score is not the only thing that AMEX considers when reviewing your application. They will look at other factors as well.

Factors That American Express Considers

Many things are taken into account during the decision process. Consider these factors to help improve your AMEX Platinum approval odds:

Note: American Express has a Once per Lifetime rule. This means that if you have previously owned this card before, you will not receive another sign-on bonus if you reapply and are approved for the same card again.

  • Your credit score: Banks will usually pull your credit report from a couple of the three credit bureaus (Equifax, Experian, and TransUnion), as your scores may be different across each bureau. AMEX usually pulls from Experian, so know your score from this report before applying.

  • Your payment history: The AMEX Platinum is a charge card, which means that you must pay your balance in full each month. Your payment history will tell AMEX whether you'll be capable of making your payments on time.

  • Your total open cards: AMEX doesn't have a 5/24 rule like Chase, but a lot of open cards could mean that you're not good at handling your money. Or that you open a lot of cards for the sign-up bonuses. Your chances may be lower if you've opened a lot of new cards recently.

    Note: American Express has a maximum limit as to the number of AMEX cards you can owe. Currently, the unofficial limit is 4 AMEX credit cards and 4 AMEX charge cards. Though AMEX says that approval really depends on your credit.

  • Average age of your accounts: This is a card for experienced credit card users. If your other card accounts are still pretty new, this doesn't give AMEX much info on whether you can handle your personal finances responsibly.

  • Your credit utilization: This means how much of a balance you're carrying compared to your total limit. Ideally, you should never go over 30%. A high percentage is a signal that your income does not support your spending. It's best if you apply for this card after you have paid off your balance on your other cards.

  • Your income: With an annual fee of $550, the Platinum is a luxury credit card targeted towards heavy spenders. AMEX may also look at your income to make sure it can support it, particularly if your credit score is lower. Most Platinum cardholders have higher incomes in the six digits. But your spending limit is determined based on your usual spending patterns, so people with lower salaries may get approved for this card too.

  • Prior relationship with AMEX: If you already own one of the AMEX credit cards, you could win some extra points. It could show AMEX that you can responsibly handle credit, which may make them more willing to issue you a charge card.

If you think you may not meet any of these factors, it doesn't mean you can't get approved. Read on.

What Can You Do If You Don't Get Approved?

If you get a rejection, it may not be the end. Here are a couple of things you can do.

  • Work on building your credit: If you still get denied, or you know you're not quite there yet, then just work on building your credit.

    • Work on paying off the balances on your other credit cards. Don't miss or be late with any payments.
    • You can ask for credit limit increases on your other cards, which will help with the credit utilization ratio.
    • Consider applying for another AMEX credit card first. A prior relationship may help your odds.

Remember, you don't have just one chance. You can apply again after your credit has improved.

Note: You can usually only get approved for one AMEX credit card every 5 days, and two cards every 90 days. But this doesn't apply to the AMEX charge cards. You can potentially be approved for multiple charge cards at once.

The Platinum Card from American Express
Apply for The Platinum Card from American Express
At American Express' Secure Site
Introductory Bonus Reward PointsTravel RewardsAirline RewardsHotel RewardsPoint RewardsNo Pre-Set Spending LimitConciergeEventsCar Rental Insurance Extended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance$0 Fraud LiabilityIdentity Theft Assistance
Card TypeAnnual Fee
Personal Charge Card
$550

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on December 8, 2017. This content may have been updated on February 16, 2018. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check American Express website for updated information.

More from CreditDonkey:


American Express Platinum Review: Is $550 Worth It?

Credit Card Promotions

American Express Credit Card Offers


American Express Membership Rewards Review

More Articles in Tips


The Platinum Card from American Express
Apply for The Platinum Card from American Express
At American Express' Secure Site
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Terms Apply.
  • See Rates & Fees
  • Go to issuer's official application, terms, and details
Introductory Bonus Reward PointsTravel RewardsAirline RewardsHotel RewardsPoint RewardsNo Pre-Set Spending LimitConciergeEventsCar Rental Insurance Extended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance$0 Fraud LiabilityIdentity Theft Assistance
Card TypeAnnual Fee
Personal Charge Card
$550

Compare American Express Platinum to:

Compare AMEX Platinum Card vs Premier Rewards Gold Card

Premier Rewards Gold Card from American Express

Compare AMEX Platinum Card vs Chase Sapphire Preferred

Chase Sapphire Preferred® Card

Compare AMEX Platinum Card vs American Express Business Platinum

The Business Platinum® Card from American Express OPEN


Leave a comment about American Express Platinum Credit Score: What You Need to Know?

Name
Email (won't be published)


Blue Cash Everyday Review

If you want a cash back credit card with the same rewards categories year-round and no annual fee, then consider the Blue Cash Everyday® Card from American Express. Read on for the pros and cons.

    Airline Rewards

    The best airline credit card racks up miles fast with reasonable fees and amazing rewards.

    Travel Rewards

    Looking for a new travel credit card?

    Credit Card Deals

    Signing up for a card with a sign-up bonus or an introductory offer can be a great way to get a head start on earning rewards or to get a handle on your debt.

    Credit Card Bonus Offers

    Take advantage of credit card bonuses for new customers, including bonus cash, reward points, and airline miles.

    Credit Card Rewards

    So you've decided you want to earn rewards for your spending but aren’t sure how to pick the right card?
    Credit Card Promotions

    American Express Credit Card Offers

    American Express now offer promotions for new credit card applicants. But how do you pick which deal is right for you? Read this in-depth guide.
    The Centurion Lounge

    Credit Cards with Airport Lounge Access

    No one likes waiting for their flight to board. Uncomfortable chairs, crowded terminals, overpriced dining options, dying phone with no outlet for charging... you get the point.

    Global Entry: What is it and How to Get it for Free

    Thinking of applying for Global Entry? Here's what you need to know about it, including how you might get it for free and application requirements.

    Review: Chase Sapphire Reserve vs AMEX Platinum

    Both offer high sign-up bonuses, high rewards rates in their bonus categories, premium travel perks and hundreds of dollars in potential annual credits. Not bad, right?

    Earn Airline Miles Without Flying

    Do you want to travel more? Well, guess what? There's an airline miles trick that airlines do not want you to know about.

    Priority Pass: What You Need to Know

    Priority Pass offers access into 1,000+ airport lounges globally. Learn about the different membership levels and how you might get it for free.

    Delta Credit Card: Which is Right for You?

    Fly Delta? A Delta credit card could give you special perks and earn miles faster. But which one is right for you? We break it down.

    American Express Platinum vs Visa Black vs Citi Prestige

    Congratulations you, the frequent traveler, on graduating to the next level of travel rewards cards. Since airports have basically become your second home, you've decided to get the most out of them by joining the elite club of premium cardholders. These cards promise plenty of perks, as long as you're willing to pay hundreds of dollars a year in annual fees. Yes, being a premium cardholder will cost you, but if you pick the right card, then the benefits will be worth it.

    List of AMEX Membership Rewards Transfer Partners

    Find the smart way to use AMEX transfer partner. Get brilliant tips to maximize the value of your MR points, and what you should never do.

    American Express Membership Rewards Review

    Earn and use American Express Membership Rewards wisely to get more mileage out of your card.

    23 Ways to Redeem AMEX Membership Rewards

    There are many ways to redeem American Express Membership Rewards points, so how do you decide? Read on for a list of transfer ideas to inspire you.

    Chase Sapphire Preferred vs Amex Platinum: Are the Rewards and Benefits Worth the Fee?

    Prestigious credit cards show the true power of plastic through benefits and generous reward programs. Read on for a comparison of Amex Platinum vs Chase Sapphire Preferred to see which one is better.

    AMEX Premier Rewards Gold vs Platinum: Rewards vs Benefits

    The differences between the Premier Rewards Gold Card and the Platinum Card are more stark than just metallic colors. Read this in-depth comparison to decide which card from American Express, a CreditDonkey partner, is right for you.
    W Hong Kong: We love SPG

    SPG Gold: How to Get SPG Gold Status

    While you could easily visit a travel site and book the cheapest room, that strategy could actually cost you money. You could be better off taking advantage of the many rewards programs offered by most major hotel chains. And of those programs, the Starwood Preferred Guest might just be the best of the bunch.
More Articles in Tips

Learn more about Travel, Airline and Hotel cards:

Credit Cards for International Travel


Airline Miles for Beginners


Hotel










About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.