Question: How Do I Get My Amex Platinum Fee Waived?

Will Amex Platinum waive annual fee?

American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card’s $550 annual fee.

Retention offers traditionally include statement credits, bonus points or spending bonuses.

If there’s no offer, a customer can always cancel the card..

How do I get an Amex Platinum 100k offer?

American Express Platinum 125K or 100k Offer If you qualify, you only have to spend $5,000 in the first 3 months to earn the full 125,000-point bonus or the 100,000 bonus. Taking the extra minute to see if you have credit card pre-approval means you can earn a bonus worth more than the standard bonus.

Is Amex platinum worth the fee?

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.

What happens if you don’t pay Amex Platinum in full?

Amex Platinum is a charge card, which means the entire regular balance must be paid in full each month. American Express will charge a late fee of $29 the first time you fail to make at least your Amex Platinum minimum payment on your Pay Over Time balance by the due date.

What income do you need for Amex Platinum?

$50,000 per yearWhile 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.

How much is 75000 Amex points worth?

In my most recent monthly points and miles valuations, 75,000 Membership Rewards points is easily worth $1,425 in award travel.

Should I keep AMEX Platinum?

Is the Amex Platinum worth the yearly fee? But it’s definitely worth keeping if you use the ongoing perks, including (terms apply): Access to Centurion Lounges, Priority Pass lounges, Delta Sky Clubs, and others. Up to $200 in annual Uber credits.

Is it worth paying annual fee for credit card?

You want better cash-back rewards It can make sense to pay a card’s annual fee when the cash you’ll earn back will outweigh the cost of that fee.” … Even with the annual fee, you’ll net more overall on the Blue Cash Preferred® Card from American Express if you spend at least $61 a week on groceries.

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 worth upgrading to Amex Platinum?

While the current welcome offer alone is worth more than $1,000 (based on TPG valuations) and the luxury perks — including travel credits, elite status and lounge access — can add several hundred dollars a year to its long-term value, most people considering the Amex Platinum will fixate on one number: the $550 annual …

Can I cancel credit card before annual fee?

Some card issuers will refund your fee if you close your accounts and it’s been fewer than 30 or 60 days. It’s best to make your decision early and avoid the potential charge by closing your account before the annual fee hits.

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.

How hard is Amex Platinum?

The credit score needed for the American Express Platinum is generally above 700. According to Credit Karma, the average score is 715. Although, several applicants with credit scores in the 600s have also been approved, even as low as 643.

Do banks waive annual fees?

There’s no secret to getting your credit card’s annual fee waived. All you do is call your card issuer and ask them to waive it. You can phrase it however you’re comfortable. … This could be bonus rewards, such as 10,000 extra points, or a discount on the annual fee instead of a full waiver.

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 hardest credit card to get?

American Express Centurion CardWhy it’s one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

How do I get my American Express Platinum fee waived military?

If you held the card prior to active service, your fee is waived based on the SCRA. If you apply for the card after you are active duty, you need to request relief under the MLA. You can request Amex SCRA benefits online but must call or chat with an Amex rep to request MLA benefits.

How do I get my annual fee waived?

5 Ways to Get Your Credit Card’s Annual Fee WaivedJust ask. … Leverage your loyalty. … Inquire about specific card use. … Compare offers. … Call to cancel your account. … Pay the fee using your rewards. … Convert to another credit card. … Open a different credit card.