American Express Platinum Card and Business Platinum Card: Eligibility Criteria, Optimal Credit Score, and Approval Strategies
**Approval for American Express Platinum Cards: What You Need to Know**
Getting approved for The Platinum Card® from American Express and The Business Platinum Card® from American Express is a achievable, but not guaranteed, process, even for those with excellent credit. These premium travel cards are intended for individuals and businesses with high income and good to excellent credit histories.
For the personal Platinum Card, American Express typically requires a good to excellent credit score, with most successful applicants having scores in the 710+ range (with 810 being the most common among matched users). However, there is no official minimum score—approval decisions also factor in income, debt, and other credit report details.
For the Business Platinum Card, approval is also based on your business’s financial stability. A credit score of 740 or higher and a history of earning business income are recommended. The business’s revenue and financial health will also influence eligibility.
Here's a breakdown of the typical credit scores needed for each card, as well as other key factors that American Express considers:
| Card Type | Typical Credit Score Needed | Most Common Score (where available) | Other Key Factors | |--------------------------|----------------------------|------------------------------------|-------------------------------| | Amex Platinum (Personal) | 690+ (700+ recommended) | 810[5] | Strong income, low utilization | | Amex Business Platinum | 740+ | Not specified | Business income, financial health |
It's important to note that even with a high score, approval isn't guaranteed. American Express considers factors beyond just your FICO score, including income, debt, and credit history.
Additional considerations include the annual fee and spending requirements associated with these cards. These are premium cards with high annual fees and welcome offers that often require significant spending in the first few months.
Before applying, it's recommended to have at least 2 years or more of blemish-free credit history. Being added as an authorized user on someone else's credit card can help improve your credit score, but only if the primary cardholder is responsible with their credit.
Technically, there is no minimum required score for the Amex Platinum card or the Amex Business Platinum card. However, it's recommended to have a credit score of 670 or higher for the personal and business cards, respectively.
In conclusion, getting approved for the Amex Platinum card or the Amex Business Platinum card depends on a holistic review of your financial profile. If you have excellent credit (700+ for personal, 740+ for business) and strong income/business financials, approval is achievable, but it's not automatic. It's essential to understand the factors that American Express considers before applying for these premium travel cards.
- The requirement for a good to excellent credit score is common among those who receive approval for the Amex Platinum card, with most successful applicants scoring 810.
- For the Business Platinum Card, American Express considers not only a credit score of 740 or higher, but also the business's financial stability and earning capacity.
- In addition to credit scores, American Express also evaluates income, debt, and credit history when deciding on approval for both the Amex Platinum and Business Platinum cards.
- Before applying for the Amex Platinum or Business Platinum cards, it is recommended to have at least 2 years of a clean credit history, and being an authorized user on someone else's credit card can aid in improving one's credit score if the primary cardholder is diligent with their finances.
