topic Re: american express platinum illusion in Credit Cards

american express platinum illusion

Anonymous — Mon, 02 May 2011 03:40:28 GMT

Hello Fico fanatics... Funny story : I recently charged alot of money on my American express. I have been shopping for a travel credit card and while on the site it told me I was PREAPPROVED for a platinum card. Considering my goal is to have a centurion by 23 you can only imagine what this did to me. Of course I should've been suspicious when it said the annual fee for zync is 15$ instead of 25$. But, I called to verify if the preapproval was true and it was not. Thankfully, because that card isn't in my credit plans just yet. The funny part is the feeling I got when I saw the pre approval.. lol I think gardening is starting to get to me.

Re: american express platinum illusion

Walt_K — Mon, 02 May 2011 14:10:17 GMT

I don't understand. Are you saying you linked to a phishing site?

It's been said on here that the approval standards for the charge cards are all the same. Not sure how people know that (and maybe it doesn't apply to Zync) but if that is true and you already have an Amex charge, then you would be approved for the platinum card.

Centurion by 23? Didn't they just change it back to invite only and raise the minimum annual spend threshhold to receive an invite to $500,000? Are you going into finance? Good luck.

Re: American express platinum illusion

Anonymous — Mon, 02 May 2011 14:28:19 GMT

@Walt_K wrote:
I don't understand. Are you saying you linked to a phishing site?

It's been said on here that the approval standards for the charge cards are all the same. Not sure how people know that (and maybe it doesn't apply to Zync) but if that is true and you already have an Amex charge, then you would be approved for the platinum card.

Centurion by 23? Didn't they just change it back to invite only and raise the minimum annual spend threshhold to receive an invite to $500,000? Are you going into finance? Good luck.

I was on a work computer so I'm pretty sure it may have been a phishing site. I had no idea the approval for all of them were the same. But, there are a ton of different features between each one, i'm not sure I need a conceirge service to take me to class.LOL

Last time I checked, the spending qualificaitons for Centurion were 75,000 annually, but I'll check to see if they changed it. And YES, I am going into Finance Good guess?

Re: American express platinum illusion

Anonymous — Mon, 02 May 2011 14:42:08 GMT

@Anonymous wrote:

@Walt_K wrote:
I don't understand. Are you saying you linked to a phishing site?

It's been said on here that the approval standards for the charge cards are all the same. Not sure how people know that (and maybe it doesn't apply to Zync) but if that is true and you already have an Amex charge, then you would be approved for the platinum card.

Centurion by 23? Didn't they just change it back to invite only and raise the minimum annual spend threshhold to receive an invite to $500,000? Are you going into finance? Good luck.
I was on a work computer so I'm pretty sure it may have been a phishing site. I had no idea the approval for all of them were the same. But, there are a ton of different features between each one, i'm not sure I need a conceirge service to take me to class.LOL
Last time I checked, the spending qualificaitons for Centurion were 75,000 annually, but I'll check to see if they changed it. And YES, I am going into Finance Good guess?

Centurion was never $75,000 annually. It was always at a minumum $250,000 spent on an AmEx card (I've read only Platinum but others have said they've been invited by spending that much on other AmEx cards). Also, I do believe Walt is right as I've heard spending requirements have gone up and they are trying to tighten up the customer base for Centurion by being invite only and not calling to see if you can join.

Re: American express platinum illusion

Walt_K — Mon, 02 May 2011 14:44:36 GMT

I don't know where you got the $75K figure, and I'm certainly no expert on the card, but I had always seen $250K. And I read that when they went back to invite only, they raised the figure to $500K although I don't think that is confirmed. There are some articles about it on luxuryplastic.com And I'm pretty sure that you don't have to spend $500K or whatever it is every year. That is just a requirement to get invited for the card. From what I've read, there's no annual spend requirement once you have it.

Finance wasn't that difficult of a guess. If you weren't looking at Wall Street, then you'd have to be planning to start your own tech company or something. That or be delusional. In any event, good luck. Gotta dream big.

Re: American express platinum illusion

Anonymous — Mon, 02 May 2011 15:02:21 GMT

Yeah, I've only known it to be by invite only. As far as wall street is concerned...lol I must be fishing on the delusional side of that pond. I'm more of the backend analyst not the tech firm owner. But, I'm pretty much on course, so we'll see what happens. Thanks!

Re: American express platinum illusion

Anonymous — Mon, 02 May 2011 18:31:20 GMT

@Walt_K wrote:
I don't know where you got the $75K figure, and I'm certainly no expert on the card, but I had always seen $250K. And I read that when they went back to invite only, they raised the figure to $500K although I don't think that is confirmed. There are some articles about it on luxuryplastic.com And I'm pretty sure that you don't have to spend $500K or whatever it is every year. That is just a requirement to get invited for the card. From what I've read, there's no annual spend requirement once you have it.

Finance wasn't that difficult of a guess. If you weren't looking at Wall Street, then you'd have to be planning to start your own tech company or something. That or be delusional. In any event, good luck. Gotta dream big.

I can also throw in the experts on flyertalk also believe the requirement is now $500,000 on Plat or Gold for a rolling 12 month period, but remember thats just for possible invite. Its not a guarantee. So, even if youre aggressive and charge 70% of your bills and expenses on Gold, youre looking at $700,000/year income or so.

God Bless ya if you get it

Re: American express platinum illusion

vish1 — Mon, 02 May 2011 19:25:33 GMT

@Anonymous wrote:
@Walt_K wrote:
I don't know where you got the $75K figure, and I'm certainly no expert on the card, but I had always seen $250K. And I read that when they went back to invite only, they raised the figure to $500K although I don't think that is confirmed. There are some articles about it on luxuryplastic.com And I'm pretty sure that you don't have to spend $500K or whatever it is every year. That is just a requirement to get invited for the card. From what I've read, there's no annual spend requirement once you have it.

Finance wasn't that difficult of a guess. If you weren't looking at Wall Street, then you'd have to be planning to start your own tech company or something. That or be delusional. In any event, good luck. Gotta dream big.

I can also throw in the experts on flyertalk also believe the requirement is now $500,000 on Plat or Gold for a rolling 12 month period, but remember thats just for possible invite. Its not a guarantee. So, even if youre aggressive and charge 70% of your bills and expenses on Gold, youre looking at $700,000/year income or so.

God Bless ya if you get it ;

I can't say for sure, but I believe amex uses more parameters (undisclosed) than just the spend (whether its 250k or 500k) before it sends out the black invites.

Re: American express platinum illusion

Anonymous — Mon, 02 May 2011 23:17:26 GMT

@vish1 wrote:
@Anonymous wrote:
@Walt_K wrote:
I don't know where you got the $75K figure, and I'm certainly no expert on the card, but I had always seen $250K. And I read that when they went back to invite only, they raised the figure to $500K although I don't think that is confirmed. There are some articles about it on luxuryplastic.com And I'm pretty sure that you don't have to spend $500K or whatever it is every year. That is just a requirement to get invited for the card. From what I've read, there's no annual spend requirement once you have it.

Finance wasn't that difficult of a guess. If you weren't looking at Wall Street, then you'd have to be planning to start your own tech company or something. That or be delusional. In any event, good luck. Gotta dream big.

I can also throw in the experts on flyertalk also believe the requirement is now $500,000 on Plat or Gold for a rolling 12 month period, but remember thats just for possible invite. Its not a guarantee. So, even if youre aggressive and charge 70% of your bills and expenses on Gold, youre looking at $700,000/year income or so.

God Bless ya if you get it ;
I can't say for sure, but I believe amex uses more parameters (undisclosed) than just the spend (whether its 250k or 500k) before it sends out the black invites.

Yes. Thus, I said "but remember thats just for possible invite.". It's the first hurdle to an invite.

Re: american express platinum illusion

creditguy-378 — Tue, 03 May 2011 03:22:51 GMT

in order to get the centurion you have got to be makeing at least in the high 6 fig. more than likely 1mil.+ plus assets and a great credit rating then you got to pay the 10,000 annual fee plus the minimun spending requirment it's at least what iv'e heard is 250,000-1,000,000 a year

Re: american express platinum illusion

vish1 — Tue, 03 May 2011 12:29:59 GMT

@creditguy-378 wrote:
in order to get the centurion you have got to be makeing at least in the high 6 fig. more than likely 1mil.+ plus assets and a great credit rating then you got to pay the 10,000 annual fee plus the minimun spending requirment it's at least what iv'e heard is 250,000-1,000,000 a year

The AF on centurion is 2500 (and a joining fee of 5000).

I am wondering what is the source of the income requirements that you stated, is this confirmed info or your guess?

Re: american express platinum illusion

Anonymous — Tue, 03 May 2011 12:34:53 GMT

It's not an income requirement. He was trying to describe the income levels you would need to be able to support the spending requirement of $250,000 or what is now rumored to be $500,000.

I was very disappointed with this thread. I thought in this string of new AMEX cards that they were announcing the availability of the new AMEX Platinum Illusion.

Re: american express platinum illusion

Anonymous — Tue, 03 May 2011 13:13:02 GMT

@Anonymous wrote:
It's not an income requirement. He was trying to describe the income levels you would need to be able to support the spending requirement of $250,000 or what is now rumored to be $500,000.

I was very disappointed with this thread. I thought in this string of new AMEX cards that they were announcing the availability of the new AMEX Platinum Illusion.

Well considering it is completely off topic now, maybe I will start one about the Amex Centurion to get back in your graces.

Sorry to be the bearer of your disappointment. It is Amex Platinum illusion" as an optical illusion. Going back to the original topic, I thought I saw a preapproval for the Amex Platinum...which was at the moment an "illusion". But, if you care to know I got the notice again today from my home computer. So.. ?? idk.

About the AF for Centurion, I agree with Vish. I've always read that 7,500 is the start up cost.

Re: american express platinum illusion

vish1 — Tue, 03 May 2011 14:42:00 GMT

@Anonymous wrote:

@Anonymous wrote:
It's not an income requirement. He was trying to describe the income levels you would need to be able to support the spending requirement of $250,000 or what is now rumored to be $500,000.

I was very disappointed with this thread. I thought in this string of new AMEX cards that they were announcing the availability of the new AMEX Platinum Illusion.
Well considering it is completely off topic now, maybe I will start one about the Amex Centurion to get back in your graces.

Sorry to be the bearer of your disappointment. It is Amex Platinum illusion" as an optical illusion. Going back to the original topic, I thought I saw a preapproval for the Amex Platinum...which was at the moment an "illusion". But, if you care to know I got the notice again today from my home computer. So.. ?? idk.

About the AF for Centurion, I agree with Vish. I've always read that 7,500 is the start up cost.

Well, what you saw is not illusion, this is how amex pre approvals work for members. I see the pre approvals for multiple cards (including platinum) at times and then they vanish.

Re: american express platinum illusion

Anonymous — Tue, 03 May 2011 14:42:06 GMT

@Anonymous wrote:

@Anonymous wrote:
It's not an income requirement. He was trying to describe the income levels you would need to be able to support the spending requirement of $250,000 or what is now rumored to be $500,000.

I was very disappointed with this thread. I thought in this string of new AMEX cards that they were announcing the availability of the new AMEX Platinum Illusion.
Well considering it is completely off topic now, maybe I will start one about the Amex Centurion to get back in your graces.

Sorry to be the bearer of your disappointment. It is Amex Platinum illusion" as an optical illusion. Going back to the original topic, I thought I saw a preapproval for the Amex Platinum...which was at the moment an "illusion". But, if you care to know I got the notice again today from my home computer. So.. ?? idk.

About the AF for Centurion, I agree with Vish. I've always read that 7,500 is the start up cost.

Why dont you go to the Amex pre-approval site and see exactly what/if youre pre-approved? Its a soft pull: https://www201.americanexpress.com/secure/my-special-offers?btct=AMEX_APPLY_Main_SJ_N1_Bucket_ultimatePerfectCards:Targeted&ct11=AMEX_APPLY_Main_SJ_N1_Bucket_ultimatePerfectCards

As far as the AF, there really isnt any speculation. Google can answer that for you: http://en.wikipedia.org/wiki/Centurion_Card . In the US its US$ 2,500 + One-time joining fee of US$ 5,000.

Re: american express platinum illusion

vish1 — Tue, 03 May 2011 14:46:08 GMT

I can be wrong but AFAIK the Amex pre selector thing doesnt work for people who are already members.

Re: american express platinum illusion

Anonymous — Tue, 03 May 2011 15:59:06 GMT

@vish1 wrote:
I can be wrong but AFAIK the Amex pre selector thing doesnt work for people who are already members.

Yah. I re-read the OP and missed he/she was already a member. In that case, the usual way. When logged into your account, click on the additional cards tab, and choose see all cards. On the far tab, it will either show current offers for you, or if you dont have any, it will say refer friends & earn rewards. and those offers for you can be elusive. They could be there one minute, and gone the next hour.

Re: american express platinum illusion

vish1 — Tue, 03 May 2011 16:46:09 GMT

You nailed it down with absolute precision