For those who are always traveling internationally, one of the main concerns is precisely linked to the costs of vacations or even travel for professional purposes.
Therefore, there are options such as the American Express Platinum credit card, which focuses on use abroad, and are built with a range of benefits that benefit such application.
Want to know more about it? Don't waste any time and read this article until the end, as we will discuss the main advantages and disadvantages of the product in question.
Why we recommend the American Express Platinum credit card
When it comes to taking a vacation, there are expenses related to what to take, accommodation, airfare, transportation, food and much more, which brings a discussion to the table.
What is the best way to pay when traveling abroad? It ends up being quite complicated to define a position on the podium, however, we cannot deny something.
Credit cards like the American Express Platinum end up being very efficient for covering all types of expenses during a trip abroad.
There are even mechanisms to help you spend less money to take your vacation in the most comfortable way possible, such as the points program.
The American Express Platinum credit card offers travel insurance that is very useful for those looking to save money, as it is already integrated into the financial product in question.
What can I use the American Express Platinum credit card for?
The possible applications with the American Express Platinum credit card are quite varied, and can be used on or off international trips, however, its emphasis is clear.
Therefore, we will focus on its uses for those who are traveling abroad, with one of the main open doors being precisely the possibility of making reservations, helping you to spend less.
Whether it's time to purchase airline tickets or accommodation, the standard is that the longer the reservation period, the less you'll spend on purchasing the product or service.
The points accumulation and exchange system of this credit card can also be considered a powerful ally, since its exchanges can generate huge savings.
It is worth highlighting how you can receive additional points when activating the card or sending an invitation to friends to apply for the American Express Platinum credit card.
Advantages and disadvantages of the card
After checking everything we have brought so far, it is now possible to assume what some of the advantages and disadvantages will be found in this financial product, however, this is not enough.
We still need to go into more depth so that you can be sure that nothing in this financial product could end up harming your experience as a holder.
Advantages of the American Express Platinum Credit Card
It's time to learn a little more about the main benefits of becoming an American Express Platinum credit card holder. Check out the list we've put together below:
- Flexible credit limit
- Points to exchange for products and benefits
- Contactless payment
- Integrated travel insurance
- Additional points when activating the card
- Application to manage credit card
- Completely remote request
Disadvantages of the American Express Platinum Credit Card
The American Express Platinum credit card has benefits focused on traveling abroad, so it is not so focused on more everyday use, even though it is possible.
Therefore, it is not recommended for those who are not used to traveling, as its potential will not be fully utilized, which is one of the biggest disadvantages.
Its rates and fees can also be considered quite high, especially with regard to its annual fee, which can be an inconvenience for those who want to spend less when managing the card.
Among the disadvantages, these end up being the ones that weigh the most when analyzing whether or not it is worth applying for the card, however, it is still possible to find others when analyzing the card.
How is credit analysis done at American Express Platinum?
To apply for the American Express Platinum credit card, candidates must undergo a credit analysis, which works in a very simple way.
At this stage, the bank checks whether you have a financial profile and conditions to maintain and use credit cards, for which some important data is collected.
The first is your credit score, while the second is your financial history. Both aspects of your financial life must be in order.
This same credit analysis is seen when applying for other financial products and services, such as when applying for a loan or requesting any type of financing, and there may be some subtle differences.
Is there a maximum and minimum value for the American Express Platinum credit card?
We looked into the credit limit on the credit card in question, however, we did not find any information on the official website of the American Express Platinum cards.
However, we must always take into account details such as the card proposal and the category in which the financial product in question is found.
Since it is a travel card, and since it is a platinum card, what is expected is not only a reasonably high limit, but also a very flexible credit limit.
The financial institution seeks to define limits that best suit what each person needs to have a complete experience as a cardholder on vacation abroad.
However, there is still a risk that the initial limit will be low, but this is not an unsolvable problem, simply request a new credit analysis.
Want to apply? Learn how to get the American Express Platinum credit card right here!
In the next article we will show you what is necessary to apply for the American Express Platinum credit card, click the button below and learn how to secure yours.