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What salary do you need for Amex Gold?

by Michael Hyatt
2023-01-01
in invest
American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.

Table Of Contents:

  1. Why is Amex Platinum so expensive?
  2. What salary do you need for Amex Gold?Why did Costco drop Amex?
  3. Which Amex card gets you into lounges?
  4. Is having an Amex card prestigious?
  5. How much do you need to make for Amex Gold?
  6. How many Amex cards can you have?
  7. What salary do I need for Amex Platinum?
  8. What is the minimum payment for an Amex credit card?
  9. Learn about amex in this video:
  10. What salary do you need for Amex Gold?Is it hard to qualify for Amex Gold?
  11. Is Amex or Visa better?
  12. What is 150k Amex points worth?

Why is Amex Platinum so expensive?

The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees. Amex cards are targeted toward people with good credit and high incomes who are likely to charge large amounts to their cards every month.

What salary do you need for Amex Gold?Why did Costco drop Amex?

Costco made the switch from American Express to Visa because it got a better deal for itself and for its customers.

Which Amex card gets you into lounges?

Your Amex Platinum card and Amex Business Platinum card come with complimentary lounge access to over 1,400 different lounge properties worldwide, including the vast network of Priority Pass lounges.

Is having an Amex card prestigious?

Why It’s One of the Most Exclusive Credit Cards: The most exclusive, prestigious credit card is without a doubt the American Express Centurion Card, otherwise known as the Amex Black Card. That’s because it’s the most famous.

How much do you need to make for Amex Gold?

This requires more work and even more spending — approximately $6,250 to $25,000 in purchases is required to offset the annual fee, depending on the categories you spend in. The quickest way to recoup the Amex Gold’s annual fee is to spend a combined $6,250 at U.S. supermarkets and restaurants.

How many Amex cards can you have?

You can have up to four Amex credit cards at once, as American Express has confirmed. The limit of four American Express credit card accounts includes traditional Amex credit cards and cards co-branded with airlines, hotel chains, etc. There is a separate limit for American Express charge cards: 10.

What salary do I need for Amex Platinum?

While there is no set score needed, we recommend you have a credit score of at least 670, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.

What is the minimum payment for an Amex credit card?

Issuer Your minimum payment will be at least …
American Express $40 (or the full amount you owe if your balance is less than $40)
Bank of America $35 (or the full amount you owe if your balance is less than $35)

Learn about amex in this video:

What salary do you need for Amex Gold?Is it hard to qualify for Amex Gold?

Your credit score American Express will pull your credit when you apply. And since it features some pretty decent benefits, the American Express® Gold Card requirements for approval tend to be a little stricter. We recommend that you have a good to excellent credit score, which ranges from 690-850, before you apply.

Is Amex or Visa better?

Winner: Visa In fact, Visa is one of the most accepted payment networks in the world. American Express is accepted by 99% of the merchants that accept credit cards, but it’s still not as widely accepted as Visa. American Express has long charged higher credit card processing fees than other payment networks.

What is 150k Amex points worth?

We generally value Membership Rewards points at about 2.2 cents per point, which means that a 100,000-point bonus offer is worth ~$2,200, a 125,000-point bonus is worth ~$2,750, and a 150,000-point bonus is worth $3,300.
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