Why is Amex so special?

Why are Amex fees so high?

American Express has a somewhat different business model than other card issuers. Instead of aiming to make the majority of its income from interest, Amex makes its money from swipe fees charged to merchants and annual fees charged to its customers.

Can you sleep at Amex lounge?

NOTE: Priority Pass and other lounge membership holders have access to a maximum 2 hour stay from 22:00-12:00 daily and a maximum 3 hour stay from 12:00-22:00 daily. One Igloo Pod per adult plus one child under 2 (space permitting inside the Pod). Children over 2 and guests must use their own Sleep Pod.

Why is Amex so special?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.

Is it hard to get approved for an Amex?

Editorial and user-generated content is not provided, reviewed or endorsed by any company. It’s generally 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.

Why is Amex so special?What does Amex look at for approval?

According to the score ranges from FICO, that means American Express applicants typically have at least a 670 score: Exceptional. 800 and above. Very good.

How much income do you need for Amex Platinum?

What does your credit score need to be for the Amex Platinum card? 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.

Can I pay my Amex early?

To avoid paying more interest, you can pay off the entire Credit Card bill on, or before, the statement due date. Or you can choose to spread your Credit Card repayments over time by paying at least the minimum monthly repayment amount.

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 banks issue Amex cards?

Several banks and credit unions offer American Express credit cards, including the U.S. Bank, USAA, Navy Federal and American Express itself, among others. However, third-party-issued Amex cards aren’t all that common because American Express is both a card issuer and a card network.

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.

How much is 90k Amex points worth?

Amex Gold Card Welcome Offer We value Membership Rewards points at about 2.2 cents per point, which means that a 90,000-point bonus offer is worth ~$1,980 and a 60,000-point bonus offer is worth ~$1,320.