Is American Express Platinum no limit?
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Is American Express Platinum no 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.
Does Amex really have no limit?
Unlike a traditional credit card, your Card has no preset spending limit, a unique feature that gives you flexible spending capacity. * This means the amount you can spend adapts based on factors such as your purchase, payment, and credit history.
How can I get an Amex card with no limit?
Other Amex Cards With No Preset Spending Limit The only other 2 American Express cards that offer no preset spending limit are the ultra-exclusive, invite-only Centurion® Card from American Express and Business Centurion® Card from American Express, both of which are often referred to as the Amex Black cards.
What is the minimum credit score for Amex Platinum?
The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better. Issuers will usually also consider your current debts, income, and other pertinent information.
Do credit cards with no limit exist?
The closest thing to no-limit credit cards are no preset spending limit cards, which are essentially cards with no specified spending capacity. With these cards, issuers will determine your purchasing power on a rolling basis, depending on a number of factors, including your balances and payment history.
How does Amex No Limit affect credit score?
Because these cards don’t have a preset limit, they will not impact your credit utilization ratio (how much of your credit limit you use). But the card will still impact your credit score in other ways—including whether you pay your bill on time. This can be good news if you use a charge card for a large purchase.
Is it possible to have a credit card with no limit?
A no preset spending limit, or NPSL, credit card has no stated credit limit. You won’t get an actual number that tells you how much you can spend, but there is still a limit. Read: Best Credit Cards with High Credit Limits. ]
Does Amex Platinum verify income?
No, American Express does not verify income on most credit card applications or credit line increase requests.
