22 Mar 2023By PAYCEC
While American Express (Amex) is often associated with luxury and high-endspending, it is not exclusively for the rich.
Despite having a high status in many people's eyes, all you need for an Amexcard is a good credit score. You don't need to be wealthy to have a goodcredit score.
While its premium cards, such as the Platinum Card and the Centurion Card,come with high annual fees and luxury benefits, Amex also offers a range ofother cards with more modest annual fees and rewards programs beneficial fora wide range of customers.
The wealthy use a variety of credit cards, many of which have stringenteligibility criteria, such as invitation-only access or high minimum networth requirements. These cards include the JP Morgan Chase Reserve and theAmerican Express Centurion (Black Card).
Ultimately, the value of an Amex card depends on an individual's spendinghabits, financial situation, and personal preferences.
