No, American Express does not have a price match policy. However, they do offer various ways to save money on purchases. For example, many merchants will offer an American Express price protection program which guarantees cardholders a refund of the difference if they can find the same item at a lower price within 60 days.
The terms of the refund will depend on the particular merchant offering the price protection service. American Express also offers various cashback and rewards programs, allowing customers to earn discounts and rewards on purchases made with their card.
Customers may also take advantage of special offers, discounts or promotions that may be available on certain purchases with their American Express card. In addition, American Express has partnerships with select merchants offering additional ways to save.
Table of Contents
Does American Express cover price drops?
American Express generally does not cover price drops. If a price is lower than the purchase price, American Express will not provide reimbursement or a price adjustment.
However, you can always check with the specific merchant to see if they might offer a price adjustment – many merchants, like Amazon, do offer such adjustments. Additionally, certain American Express cards, such as their Premier Rewards Gold and Platinum Cards, come with the online Price Protection Benefit, which will reimburse the cardmember up to $500 per item, up to $2,500 per card, per calendar year if they find a lower price within 90 days of purchase.
This benefit does not cover items from auctions or closeout sales.
What is the Amex 2 90 rule?
The Amex 2/90 rule is the term given to the amount of time an American Express (Amex) credit card company customer has to pay the full amount on their card’s statement before their account is reported as delinquent.
This means that, if a customer does not pay their balance within two billing cycles, their account will be considered delinquent, resulting in additional fees and potential damage to their credit rating.
The two-cycle timeline is enforced by the financial service provider to ensure that customers with unpaid balances are aware of their financial obligations and are motivated to pay their owed balance.
Is Amex Platinum for millionaires?
No, the American Express Platinum Card is not exclusively designed for millionaires. While it is the most exclusive American Express card with a very high annual fee, it is designed for all types of consumers.
Its features, however, are tailored toward high-end customers. The Platinum Card offers access to over 1,200 airport lounges worldwide, a variety of rewards and travel benefits such as free checked bags, priority boarding and free hotel stays, and a host of other perks.
The card also rewards users generously with points that can be redeemed for travel and shopping experiences. While the American Express Platinum Card may be more attractive to high-end customers and those with lofty travel goals, it is not exclusive to those who are wealthy or millionaires.
Anyone with good credit and the means to pay the annual fee can be eligible for the card.
Is Amex Platinum high end?
Yes, The American Express Platinum card is considered to be a high-end credit card. This card offers some of the most exclusive benefits, including an extensive list of travel and lifestyle benefits, such as airport lounge access, a concierge service, cruise and hotel discounts, and much more.
Additionally, you get access to the Amex Experiences which offers exclusive access to events and concerts. Furthermore, you receive points which can be redeemed for a variety of rewards, including travel, merchandise and gift cards.
Additionally, the card comes with no annual fee and a generous rewards program. In short, the Amex Platinum is a great card for those who want to take advantage of all the high-end benefits that come with it.
Does Platinum Card have purchase protection?
Yes, Platinum Card has purchase protection. Purchase Protection helps to protect your eligible purchases made with your Platinum Card in the event of theft or accidental damage for up to 120 days from the date of purchase.
The amount of coverage is up to $10,000 for all eligible items, per Cardmember, each year, with a limit of $50,000 per Cardmember, per calendar year. All eligible purchases made with your Platinum Card are automatically protected, and you don’t need to do anything extra.
When filing a claim, you will need to provide a copy of the original sales receipt for the purchased item plus details surrounding the damage or theft of the item. Please keep in mind that certain exclusions and restrictions apply, including purchase protection for items that are not used principally for personal, family, or household purposes.
How long is Amex Platinum Purchase protection?
American Express Platinum Card Purchase protection offers coverage for up to 90 days from the date of purchase if a purchased item is accidentally damaged or stolen, so long as the item is still in good working condition.
This protection is limited up to $50,000 per occurrence and up to $1,000 per item. The coverage is valid for the full purchase price of the item and tax, and includes repair or replacement of the damaged item.
What is price drop protection?
Price Drop Protection is a type of consumer protection that helps shoppers keep up with changing prices for products they have purchased. This type of protection helps shoppers get the biggest savings on their purchases.
For example, if a customer purchases an item at full price and then the item goes on sale soon after, the customer can obtain a refund for the difference in price. It also helps protect customers from common price fluctuations due to holidays, sales and other promotions.
This type of protection also helps ensure that customers are getting the best value for their money when making purchases online or in stores.
What’s so special about American Express Platinum?
American Express Platinum is one of the most prestigious consumer credit cards available. It offers an array of premium rewards and services that can be customized to fit the unique needs of each cardholder.
Some of the features that make American Express Platinum stand out from other cards include:
1. Membership Rewards: Cardholders can earn Membership Rewards points for every dollar spent using their American Express Platinum cards. Points can be redeemed for travel rewards (e. g. flights and hotels), entertainment, dining, shopping, and much more.
2. Airport Lounge Access: Cardholders generally receive unlimited access to Priority Pass lounges at hundreds of airports around the world. Once inside the lounge, you can enjoy complimentary snacks and beverages, showers, Wi-Fi, and even spa treatments.
3. Complimentary Hotel Status: American Express Platinum cardholders can enjoy complimentary status upgrades at select hotels. This may come in the form of free services, early check-in, late check-out, room upgrades and more.
4. Travel Credit: Many American Express Platinum cards come with an annual travel credit. This credit can be used to cover airfare as well as hotel stays, rental cars, and other travel related expenses.
5. Comprehensive Travel Insurance: American Express Platinum includes travel insurance that covers medical emergencies, baggage delays, trip cancellations, and more.
These are just a few of the perks offered by the American Express Platinum card. For travelers, it can be a great way to maximize the value of their Membership Rewards points and enjoy premium experiences while travelling.
Does Amex negotiate prices?
No, American Express does not have a program in place that allows customers to negotiate prices. They provide cardholders with a variety of exclusive offers and benefits to help them save money, such as statement credits, free shipping, exclusive rates and discounts, and everyday cash back rewards.
American Express also offers special promotional programs from time to time and provides access to certain services, such as concierge services, which may help customers save time or money. However, American Express does not offer a negotiation platform and generally does not participate in negotiations involving its products or services.
How do I get my Amex Platinum fee waived?
The American Express Platinum Card carries a hefty annual fee, but the benefits and rewards can definitely be worth it. If you’re hoping to get your fee waived, there are a few different strategies you can try.
One of the easiest ways to get your American Express Platinum Card fee waived is to call their customer service and ask for a fee waiver. Many times, the customer service representative may be able to waive your fee if you explain your situation and ask nicely.
If you have had your card for more than a year and have a good payment history, you may have better luck getting the fee waived.
You may also be able to get your American Express Platinum Card fee waived by signing up for Amex’s rewards program. Some rewards programs offer a free year’s worth of Platinum membership in exchange for signing up.
You may also find promotion codes online that can get you a free year of membership.
If you’re a frequent user of the American Express Platinum Card and you feel like your annual fee goes to waste, you may want to look into other offers and credit cards. This way, you can compare your options and find the best deal for you.
Many credit cards offer no annual fee for the first year, so you may be able to get more value for your money with a different card.
Ultimately, the best way to get your American Express Platinum Card fee waived will be specific to your individual situation. If you can’t get it waived initially, you may want to try negotiating with American Express customer service over the phone or researching some alternative offers.
How do I get the most value on my American Express Platinum Card?
Getting the most value out of your American Express Platinum Card starts with identifying the benefits that you would use the most. The American Express Platinum Card has many features designed to provide its cardholders with a wide range of benefits, from rewards points to travel perks.
One of the best ways to maximize the value of your American Express Platinum Card is to use it to earn points in the American Express Membership Rewards Program. With every purchase you make, you will earn one point for every dollar you spend.
You can redeem these points on anything from premium merchandise to travel benefits, and even statement credits.
In addition to the rewards you can earn through the Membership Rewards Program, you can also get added benefits such as complimentary lounge access at airports around the world, rewards when you shop with select retail partners, and discounts on hotel stays.
You can also use your American Express Platinum Card to save money on travel expenses, such as flight and hotel rates. With your card, you can also enjoy access to American Express Fine Hotels & Resorts, which provides exclusive amenities and rates that can save you up to 20%.
Finally, you can take advantage of the concierge services available with your American Express Platinum Card. Your concierge can help you book reservations, find tickets to events, and even find gifts for special occasions.
By taking advantage of all these benefits your American Express Platinum Card has to offer, you can get the most value out of your card and maximize the rewards you earn.
How rich do you have to be to have a black Amex card?
The specific requirements for obtaining a black American Express card vary, but in general, it is reserved for customers who demonstrate a long-term relationship with Amext and high net worth. This includes consistently carrying a large balance; spending a significant amount on the American Express Travel portal or using the card for large and frequent purchases, such as in the luxury goods or travel categories; or having a large reserve of points to use on rewards programs.
In addition to these typical requirements, American Express also assesses potential black cardholders based on their creditworthiness, income, and liquidity. For example, one might need to demonstrate an annual income of at least $250k.
Additionally, applicants should have no trouble accumulating the required annual fee of $495, as well as the hefty spending requirements associated with the card.
American Express also generally intends the black card to be held in addition to other cards in the program. In this way, applicants need to demonstrate that they can manage multiple payment vehicles responsibly in order to be approved.
Ultimately, while there is not a specific financial threshold that applicants must reach, one should demonstrate a solid history with American Express, good creditworthiness, and a high disposable income in order to be approved for a black card.
What triggers an Amex financial review?
An American Express (Amex) financial review is typically triggered when there has been a significant increase in spending on a card or the cardholder has a large balance due. A financial review could also be prompted if a cardholder has asked for a credit limit increase or has increased their spending within a short time period.
Additionally, Amex could initiate a financial review if the cardholder has recently made a payment with a large check or has a frequently changing address. In some cases, a combination of these factors could trigger an Amex financial review.
Amex reviews all accounts regularly to ensure that the cardholder’s purchases are within their ability to pay the balance due. As part of the financial review, Amex may take several actions, including canceling or suspending the account, placing a freeze on the account, or requiring the card holder to reapply for a new credit line.
The goal of the financial review is to provide cardholders with more financial independence, protect Amex’s interests, and offer more responsible lending practices.
How long to wait before applying for another Amex card?
Typically, American Express recommends waiting at least 6 months before applying for a new card. This recommendation is based on Amex’s internal risk assessment, which takes into account internal factors, such as your credit history, past payment behavior, and other factors.
Generally, the longer you can wait before applying for another card, the better. That said, if you have paid off existing balances and have improved your credit, you may be able to get approved for a new Amex card earlier than 6 months.
However, if you are unsure of your eligibility, it may be best to wait until at least 6 months have passed to ensure you are in the best position to be approved.
