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Updated January 2, 2020

American Express Platinum Requirements

Read more about The Platinum Card® from American Express, a CreditDonkey advertiser
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The Platinum Card® from American Express requires great credit, which usually means 720+. But some can be approved with a lower credit score. Learn what it takes to improve your approval odds.

American Express Platinum is one of the top luxury travel rewards cards. It offers a long list of premium travel perks, including airport lounge access, airline fee credit, concierge, and elite hotel status.

The Platinum Card® from American Express

Just how hard is it to get? We'll go over credit score and income needed below.

What credit score is needed for American Express?

© CreditDonkey

You'll need a good score in the mid– high 600s to qualify for the basic AMEX cards. For the premium cards, such as the Platinum, it's best if you have an excellent score 720 and above, although lower scores in the mid-600s can be approved as well if you have other strong qualifications.

American Express is known for being more exclusive than other issuers. American Express cards are also separated into credit cards and charge cards. Charge cards (like the Platinum) may actually be easier to qualify for because you're not getting a revolving line of credit. We'll explain more in detail.

AMEX usually pulls your credit report from Experian. So, know this score before applying to AMEX cards.

How hard is it to get an Amex Platinum Card?

Getting approval for the American Express Platinum may not be as hard as you think. While having a high credit score will definitely increase your odds, because it's a charge card, approval may not be as strict as for a credit card. If you have poorer credit in the 600s, you may be approved if you:

  • Have a history of making on-time full payments
  • Have high income and steady job history
  • Have an existing relationship with American Express
  • Don't have too many new accounts and inquiries

Many users have reported being approved with scores in the mid-600s.

However, if your credit is bad (below 600), the chances of getting approval will most likely be slim to none. It's best that you first work on improving your credit score.

American Express Gold Card may be a bit easier to qualify for than AMEX Platinum. It's also a premium card aimed towards travelers, but has a smaller annual fee (See Rates & Fees). In general, it's best if you have a credit score of 700 or above. But scores in the 600s can be approved too if you have strong credit history or good income.

Does Amex Platinum have a credit limit?

AMEX Platinum has no official pre-set credit limit. That does not mean there is unlimited spending. Instead, your purchasing power adjusts over time depending on factors such as your use of the card, your payment history, credit record and financial resources known to American Express.

Your balance MUST be paid in full each month. If not, you cannot make new charges to the card. Or if you try to spend too much, AMEX may freeze your card until you first pay off your balance. These restrictions ensure you don't spend more than you can afford.

Because your spending is kept in check, charge cards are easier to qualify for. There's less risk of getting into debt and racking up interest charges.

What income do I need to qualify?

There is no official income requirement for the Platinum card. But AMEX will consider your income to make sure you can support the high $550 annual fee (See Rates & Fees), particularly if your credit score is lower. Most Platinum cardholders have higher incomes in the six digits. However, those with lower incomes of around $50,000 have reported being approved too.

Since your spending limit is based on your ability to pay in full, you don't necessarily need a super high income to qualify. If you have a lower income, make sure you have a strong positive credit history to balance that out. A history of paying your credit card in time is important.

What is the easiest American Express card to get?

The easiest AMEX card to get approval for is the AMEX Green Card. You need good credit to qualify.

Can I carry a balance on American Express Platinum?

No, you are responsible for paying off the card balance in full each month. The Platinum card is not for people who need to carry a balance even on the occasional month.

Which is better Amex Platinum or Gold?

 

American Express Platinum

American Express Gold

 

Fees

Annual Fee$550 annual fee$250 annual fee
Terms Apply. See Rates & FeesTerms Apply. See Rates & Fees
 

Benefits and Features

Bonus DealEarn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
Airline5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
Hotel5X Membership Rewards points on prepaid hotels booked on amextravel.com. 
Airline Status$200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
Access to 5 airport lounge networks including The Centurion® lounge network, The International American Express lounges, Delta Sky Club® lounges, Priority Pass(TM) Select, and Airspace Lounge. Enrollment required for Priority Pass Select.
$100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
Hotel StatusEnroll for complimentary Marriott Bonvoy Gold Status.
Enroll for complimentary Hilton Honors Gold Status.
Fine Hotels & Resorts - book your stay through American Express FHR at one of 600 luxury hotels and you may get a room upgrade upon arrival, daily continental breakfast for 2, guaranteed 4pm late checkout and a special amenity unique to each property.
 
Restaurant 4X Membership Rewards® points when you dine at restaurants worldwide.
Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
Grocery 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).

Amex Gold has a lower $250 annual fee (vs $550) and is better for people who spend mostly on dining out and include a monthly dining credit benefit. While Platinum is better for people who value premium travel benefits such as Global Entry, TSA PreCheck, and airport lounges. Read our in-depth comparison for the differences between Amex Gold and Platinum to see which is worth it for you.

Keep in mind, the welcome bonus is not available to existing or previous cardholders of the product. They may also consider the number of American Express products you have opened and closed to determine your eligibility for the bonus.

Can the Platinum annual fee be waived?

You can ask American Express to waive your annual fee if you are active-duty military. To request your Servicemember Civil Relief Act (SCRA) benefit, call the number on the back of the card or submit your request online. Amex Platinum $550 annual fee waived for eligible:

  • Member of the U.S. Armed Forces on active duty (Army, Navy, Air Force, Marine Corps and Coast Guard) or a reserve component called to active duty (Reserve, National Guard, and Air National Guard).
  • National Guard personnel under a call or order to active duty for more than 30 consecutive days (for purposes of responding to a national emergency declared by the President and supported by federal funds).
  • Public Health Service and National Oceanic and Atmospheric Administration Commissioned Officers.
  • U.S. citizens serving with the forces of a nation with which U.S. is allied in the prosecution of a war or military action.
  • Spouses of active duty Servicemembers listed above where credit is extended to a Servicemember and spouse jointly.

Does Amex Platinum impact credit score?

Credit utilization makes up for 30% of your credit score. This is how much credit you're using compared to how much you're given. But charge cards such as American Express Platinum don't have a pre-set credit limit. In this case, your usage does not get calculated into your credit utilization. So a high balance on your card won't negatively affect your credit score.

However, charge cards will still be factored into your:

  • Payment history
  • Total open accounts
  • Types of credit
  • Length of credit history

All these have an impact to your credit score. For example, if you haven't been paying your card on time, it will ding your score.

What are the approval odds?

The AMEX Platinum is a luxury credit card targeted towards high spenders and frequent travelers. However, because it's a charge card, the approval requirements may not be as strict as you imagine. If you have a strong payment history and good income, there's a good chance you could be approved for the card.

Bottom Line

Be responsible with your personal credit. That means you should not:

  • Max out your credit cards every month. That will increase your credit utilization ratio (the higher the worst).
  • Apply for a lot of credit cards. That will increase the number of inquiries on your credit report (the higher the worst).
  • Forget to pay your bills. That will show up on your payment history.

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.

Editorial Note: 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 any card issuer. This site may be compensated through the Advertiser's affiliate programs.

For rates and fees of the American Express Platinum card, please click here.
For rates and fees of the American Express Gold card, please click here.
For rates and fees of the American Express Green card, please click here.

More from CreditDonkey:


American Express Platinum Review: Is It Worth It?


American Express Platinum Benefits


American Express Platinum Credit Score


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.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • 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.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
  • Go to issuer's official application, terms, and details
Introductory Bonus OfferTravel RewardsAirline RewardsHotel RewardsPoint RewardsNo Pre-Set Spending LimitConciergeEventsCar Rental Insurance Extended WarrantyPurchase ProtectionReturn Protection$0 Fraud LiabilityIdentity Theft Assistance
Card TypeAnnual Fee
Personal Charge Card
$550

Compare American Express Platinum to:

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American Express® Gold Card

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Chase Sapphire Preferred® Card

Compare AMEX Platinum vs American Express Business Platinum

The Business Platinum® Card from American Express


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