American Express is one of the renowned financial institutions worldwide, offering top-tier benefits to all its cardholders. Thus, American Express is popular since it has every card that matches the needs of all card applicants. From debit cards to credit cards, American Express has always catered to all cardholders in the U.S. and worldwide.
Most American Express premium cards are known to be very exclusive, maintaining the exclusive status of American Express cards. For example, the Platinum Card from American Express is one of the most luxurious and exclusive cards, especially for travel.
The American Express Platinum Card has a hefty annual fee of $695 but does not carry any foreign transaction fees. Thus, cardholders of the Platinum Card will enjoy the best benefits with low charges and money-saving benefits worldwide. The Amex Platinum Card has expanded its use, and it is available and acceptable for use in all regions worldwide.
Therefore, the Platinum Card has gained popularity due to the many benefits it offers through all its variations. You may ask, “how many Amex Platinum Card holders are there?” you will receive the answer under this article.
Key Takeaways
· The American Express Platinum Card has been gaining popularity worldwide in recent times because of the great benefits it carries
· The Amex Platinum Card is now available and acceptable worldwide, making it easier to travel with it
· The Platinum Card is specially made for frequent travelers who receive the most exclusive and amazing benefits while traveling
Amex Platinum Cardholders’ Number
The American Express Company is one of the largest multinational financial institutions headquartered in New York. American Express has dominated the financial space due to the variety of financial assistance offered to cardholders. Aside from being the largest producer of traveler’s checks, American Express produces a variety of credit and charge cards.
Charge cards, such as the Platinum Card, have unique features allowing them to function like traditional credit cards. That way, American Express has continuously lived up to its name of being the best and most influential financial institution.
The multi-billion financial company has managed to work its way into several regions throughout the world. The Platinum Card from American Express has proven to be one of the best travel cards due to its popularity worldwide. New cardholders are seen to apply for, receive, and use their Platinum Cards, despite the card being hard to get.
Also, the Platinum Card is a highly-valued card with a high annual fee which seems unattainable for many. However, statistics show that the number of applicants is increasing, making the Platinum Card stand out amongst its competitors.
As of 2022, American Express had recorded a total number of 121.7 million cardholders who possess an active Amex card account. Out of the total number, 65.3 million of the cardholders are international cardholders, meaning that they are not U.S. residents. However, non-U.S. cardholders who possess a Platinum Card from American Express are less than 400,000 in number.
This is because the Amex Platinum Card is more luxurious than other American Express cards available worldwide. Thus, the Platinum Card is not available in many regions worldwide, despite gaining more popularity recently.
Breakdown of International Amex Platinum Cardholders
The Amex Platinum Card is available in select foreign countries within Africa, the Middle East, Europe, South America, and Asia Pacific. However, just because the Platinum Card is accepted in a foreign country does not mean that there are active Platinum Card account holders. American Express can partner with foreign banks to implement the Platinum Card accounts in the respective countries.
Below is a breakdown of the total number of non-U.S. cardholders who have an active Platinum Card account:
(i) Cardholders in Europe and the Middle East are about 199,800 in number. Some European countries accepting the Platinum Card include the United Kingdom, France, and Portugal. Some Middle Eastern countries accepting the Platinum Card include Bahrain, Qatar, and Kuwait.
(ii) Cardholders in Japan are about 84,000 in number. Also, the number of cardholders in Asia is about 34,400, while those in the Pacific region are about 26,000 in number. Regions where the Platinum Card is accepted in Asia, include the Greater China Region, Singapore, and Indonesia. The Asia Pacific region where the Platinum Card is accepted includes Australia, Malaysia, and Maldives, among others.
(iii) Cardholders in Latin America with the Platinum Card are about 53,000 in number. Latin American countries accepting the Platinum Card include Mexico, Venezuela, and Ecuador.
Who is the Amex Platinum Card for?
The American Express Platinum Card is among the best cards for frequent travelers or those who enjoy traveling to maximize their cards. The Platinum Card carries huge benefits relating to travel; thus, it is not the best option for everyday shopping. Thus, cardholders must spend much money to receive the best benefits, including the massive welcome bonus.
Cardholders can earn Membership Rewards points, statement credits annually, and complimentary benefits. The examples below show some of the major benefits that Platinum cardholders will receive while using their card:
· A huge welcome bonus worth 80,000 Membership Rewards points after cardholders spend $6,000 within the first six months of card membership.
· 5X Membership Rewards points when cardholders book flights and prepaid hotels directly or through American Express Travel. Other eligible purchases and flights or prepaid hotels booked through American Express Travel above $500,000 per calendar year will receive one point per dollar spent.
· Statement credits worth $200 towards prepaid Fine Hotels & Resorts or Hotel Collection bookings through Amex Travel for a minimum two-night stay. Additionally, Platinum cardholders can enjoy welcome gifts and $100 credit for booking through The Hotel Collection.
· A statement credit worth $200 towards Uber Cash for a Basic Card Member who automatically receives Uber VIP status.
· Every calendar year, a $200 credit for a qualifying airline goes towards incidental fees incurred during the flights.
· Car rental privileges when the cardholder pays for a rental car while using their Platinum Card account, including rental car insurance and elite status.
· Gold elite status in partnering hotels are Hilton Hotels and Marriott Bonvoy Hotels.
· Choosing a preferred metal card design from the classic Platinum Card, Platinum x Julie Mehretu, and Platinum x Kehinde Wiley.
An applicant wishing to receive a Platinum Card must have an excellent credit score and a positive credit history. Therefore, the credit history must not show previous bankruptcies, foreclosures, or late credit payments. The Platinum Card must maintain its luxurious and exclusive status, which is why American Express requires cardholders to meet certain requirements.
Even after approval of the card, any Platinum Card member must continue maintaining their credit score and credit history. American Express looks at other factors during the application, including the applicant’s annual income.
Conclusion
American Express is a worldwide financial institution operating in many countries throughout the globe. The Platinum Card from American Express is one of the best cards from the company, which carries the best benefits for travelers. Despite having one of the highest annual fees amongst other premium cards, the Platinum Card is gaining popularity worldwide.
Many countries outside the U.S. now accept the Platinum Card, although they may still need to active Platinum Card accounts. However, American Express may soon continue covering more countries, especially through the Platinum Card.
FAQs
How many authorized users for Amex Platinum?
The Amex Platinum Card allows the cardholder to add authorized users at $175 every calendar year for up to three additional cards. Additional cards will require the cardholder of the primary Platinum Card account to pay $175 for each extra card. Authorized users can be children, but they must be above the age of 13 years. Alternatively, you can add a Gold Card as an additional card for free, different from the Amex Gold Card.
Additional cards will receive some benefits equally to the primary card, allowing cardholders to accumulate more Membership Rewards points.
What level is Amex Platinum?
The Amex Platinum Card is considered a premium card associated with luxury, even as cardholders use it for travel and travel purchases. The card was initially rolled out as a charge card, but it has some hybrid features allowing it to function like a credit card. New applicants must meet several requirements before applying for the card, including an excellent credit score and credit history.
The Platinum Card must maintain its exclusive status; hence, it remains unattainable for many, especially because of the $695 annual fee. The Platinum Card will compete with other premium cards, including the Chase Sapphire Reserve Card.
Is there a minimum salary for Amex Platinum?
The Amex Platinum Card is the best card suited for those ready to spend big on travel-related purchases. For example, cardholders must make a minimum purchase of $6,000 within the first six months of card membership to receive the welcome bonus. Therefore, the Amex Platinum Card best suits those earning six figures and above. The annual basic salary of an applicant will play a huge role during their application since American Express considers it a factor.
According to American Express, the minimum basic salary for Amex Platinum cardholders is usually set at $50,000.
