Is IHG Rewards Club the best hotel loyalty scheme? Is Marriott Bonvoy the best hotel loyalty scheme? The invite-only exclusivity and luxury perks are the main draws to an otherwise lackluster offering. The Platinum Card from American Express offers solid rewards and outstanding perks, but its hefty annual fee can't be ignored. That is not necessarily a good income base for shelling out a £195 annual card fee. Anex never really make sense in their dealings. our full directory of all UK cards which earn airline or hotel points here, The HfP chat thread – Tuesday 29th December. I did wonder why AMEX invited me, given I was totally honest with my income. ... income, and other pertinent information. ©2020 Head for Points. These cookies do not store any personal information. My parents are their 80s. We’re the UK’s leading source of business travel, Avios, frequent flyer and hotel loyalty news. Credit Card Offers; ... One thing to be careful of is if you're hitting minimum spend. You also have the option to opt-out of these cookies. Minimum income requirements generally start at $12,000 a year (before tax), which means there are low-income credit card options out there. No fee and, importantly, you have a year to decide if Avios is for you. In 1999, American Express introduced the Centurion Card, a black charge card aimed at the company's wealthiest cardholders. This type of check will not impact your credit rating or affect your ability to obtain credit. As I always say, you should answer every aspect of … Image Credit: American Express; 7. How long does it take to transfer the Amex Reward Points to BAEC for example? For cards like The Platinum Card® from American Express and American Express® Gold Card, for example, you’ll need to have good to excellent credit—usually 680 at a minimum. But optimizers can do better. But there are reports of people getting approved with incomes in the $50,000 range or below. Copyright © 2020 American Express Company, Only takes a couple of minutes to complete. ; Earn 10x points on eligible purchases, in your first 6 months, on your new Card at U.S. Gas Stations and U.S. Supermarkets (on up to $15,000 in combined purchases). The American Express Platinum Credit Card is AMEX’s entry level Platinum card. You’ll see your likelihood of being approved for our Cards prior to submitting a formal application. These cookies will be stored in your browser only with your consent. I’m now considering signing up to the Gold Preferred card in order to get the 20,000 avios bonus. Let’s take the British Airways Premium Plus card. This comes with a £195 annual fee. This category only includes cookies that ensures basic functionalities and security features of the website. If some words or pictures appear to be missing when you read, you will need to whitelist the site to fix the problem. What is the best Virgin Atlantic credit card? If you are a sole trader or run a small company, you may also want to check out these: 20,000 points sign-up bonus and free for a year Read our full review, 40,000 points sign-up bonus and a long list of travel benefits Read our full review, Earn both Avios and BA On Business points with your business spending Read our full review, The most generous Avios Visa or Mastercard for a limited company Read our full review. I was Business Gold on Amex which morphed into Platinum when you couldn’t apply for Platinum and then when Centurion came out I went over to that gratis for a couple of years. About. It shares in some of the benefits that the more expensive AMEX cards have, like Love Dining, Platinum Wellness, Platinum Golf, and Platinum EXTRA … Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Been a member since 1991, US based at first. This is to make sure your qualified spending can easily be repaid and that AMEX will not have any issues when requesting for payment in full. There is no minimum income requirement to be approved for this card, even though it’s marketed at customers with deep pockets and significant spending power. Monthly income: Your gross annual income divided by 12. It is mandatory to procure user consent prior to running these cookies on your website. This includes using an affiliate tracking cookie if you click an external link. It is registered in England and Wales with Company Number 1833139 and authorised and regulated by the Financial Conduct Authority. TOP HOTEL BONUS POINTS OFFERS (DECEMBER 2020), Get exclusive benefits on luxury hotel bookings via HfP, How to get free hotel elite status from UK credit cards. Minimum income requirements are the lowest amount of money you need to earn before tax per year to apply for a specific credit card. If you are looking to apply for a new credit or charge card, here are our December 2020 recommendations based on the current sign-up bonus. and never went back to the charge card. A £450 fee for Amex Platinum is a disproportionately high percentage of that. The average credit card limit in the UK is between £3,000 to £4,000. Amex Gold is a good first card. Necessary cookies are absolutely essential for the website to function properly. A friend of mine wants to start collecting Avios. I would do Gold. The card’s issuer, Barclays Bank, does not publish the specific requirements to qualify for a Black Card, but it is safe to say it's for high-income applicants only. Minimum requirements for an American Express CC Does anyone know what the minimum requirements are in order to be able to Get an American Express Credit Card? TOP BUSINESS CREDIT CARD OFFERS (DECEMBER 2020), Why Amex Gold is the best card for a points beginner. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). Have amex stopped transfers to IHG?? That was probably around 8% of my available income. Previously, you were required to have a minimum personal income upwards of $40,000 to be eligible for premium cards like the Platinum American Express, although there was definitely some leeway if you didn’t meet that requirement personally. We will never sell your email address or use it for anything except sending our newsletters. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. The annual fee is $321, and it’s available to anyone with an income of $50,000 or higher. This means that to be approved for an Amex business card, you need to have a minimum business revenue of $1,000. Maximise your Avios, air miles and hotel points, American Express Gold card, American Express Platinum card, British Airways American Express, Marriott Bonvoy. To be honest, I assumed that they were going to go up. Took it of course but stopped when they raised the annual fee. The American Express® Gold Card has a permanent spot at the top of my wallet for its amazing earning structure, including 4x points on U.S. supermarket purchases (up to $25,000 per calendar year, then 1x) and on dining worldwide. Anyone know how long it takes for the complimentary upgrade to HHonours Gold to process? AskSebby. If your credit score is in the 600s, you can still get approved for The Platinum Card® from American Express, but, it depends on the quality of your credit.Your approval chances will be highest if you have a low debt-to-income ratio and have not applied for many new credit accounts recently. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. ... Changing income numbers. A list of partners is here. Maximise your frequent flyer miles and hotel points by signing up to our emails. Approval Factors for the American Express Platinum. If we’re honest, these figures were probably too low. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. What American Express bonuses are you still eligible for? Someone on a salary of £20,000 will take home £1,397 per month. (Photo by Wyatt Smith) Credit score needed for the American Express® Gold Card. This card is a charge card, rather than a credit card, so it has no spending limit or APR, but you must pay off the balance in full each month. Similarly, a £40,000 salary gives you take home pay of £2,530 per month. Disclaimer: Head for Points is a journalistic website. Is Hilton Honors the best hotel loyalty scheme? Welcome! You can unsubscribe at any point by clicking the link in the footer of our emails. (I fear if I rejected the offer, they might never invite me again, as I was hoping to get Platinum card shortly in the future). However my income has been reduced massively since going to uni. American Express no longer has a minimum income requirement for the card. The American Express Centurion Black Card isn’t for the 99 percent. Instead, Amex has removed minimum income requirements altogether. My mother reports that her friends- all cash rich/ asset rich and most with public sector pensions – are having difficulties getting credit cards and/or decent limits when their spouses die- even when they have been supplementary cardholders for many years. 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