Platinum Cashback Everyday Credit

MysteryCredit

Hello All,

My partner has applied for this card and was straight away approved. However there is nothing mentioning credit limit, neither in the email, is this normal? What have people generally found with AMEX and starting limits.

Also we are both interested in the benefits that The Platinum Card has, we are aware that's a different card and is a charge card. However do AMEX allow you to pay extra to beef up your card benefits?

Thanks!

guesswho2000

MysteryCredit wrote: »

Hello All,

My partner has applied for this card and was straight away approved. However there is nothing mentioning credit limit, neither in the email, is this normal? What have people generally found with AMEX and starting limits.

Also we are both interested in the benefits that The Platinum Card has, we are aware that's a different card and is a charge card. However do AMEX allow you to pay extra to beef up your card benefits?

Thanks!

You'll find out your credit limit when the card arrives, from memory there's nothing in the email.

Not sure what you mean by paying extra? You pay £450 for the Platinum charge card, and you get what's offered - you can't pay for the benefits to be added to the Platinum Cashback credit card, if that's what you mean?

EDIT: Sorry in case you meant to add to the Platinum card benefits (such as increasing the age limit on the travel insurance or something), no I don't think you can (I hold the card, and I'm not aware of it being an option).

concernedSaver

There's a bit of confusion here: American Express has a credit card called Platinum Cashback Everyday (this one: https://www.americanexpress.com/uk/content/platinum-cashback-everyday-credit-card/?intlink=uk-amex-cardshop-carousel-platcbeveryday) and the iconic Platinum Card, which is a charge card and comes with a hefty £450 annual fee (this one here: https://www.americanexpress.com/uk/content/platinum-card/cm/?intlink=uk-amex-cardshop-carousel-platinum&s_tntref=https://www.americanexpress.com).

Which one did you get accepted for? If you're talking about the charge card, you didn't get a word about credit limits because there isn't one: you can spend whatever you want with it, but you'll have to pay your bill in full every month.

MysteryCredit

I'm sorry I think I confused this most likely with a silly question.

It was accepted for the Platinum Cashback Everyday Credit Card, and what I meant is if I could of paid the £450 annual fee the charge card has to just receive those benefits on the credit card.

The reason we didn't go with charge card is because it will be used for expenses at work, and sometimes work can take up to two months to reimburse expenses with can add up!

However if it's a weak credit limit it will be cancelled anyhow.

guesswho2000

MysteryCredit wrote: »

I'm sorry I think I confused this most likely with a silly question.

It was accepted for the Platinum Cashback Everyday Credit Card, and what I meant is if I could of paid the £450 annual fee the charge card has to just receive those benefits on the credit card.

The reason we didn't go with charge card is because it will be used for expenses at work, and sometimes work can take up to two months to reimburse expenses with can add up!

However if it's a weak credit limit it will be cancelled anyhow.

That's not an option unfortunately. I think they offered extended payment on some larger purchases on their US version of the card, but not in the UK.

Don't be too hasty to cancel, the 5% cashback for the first three months is still well worthwhile, particularly on work expenses! Though bear in mind you have to spend £3,000 over the year to get any cashback at all (it'll be forfeited otherwise).

MysteryCredit

Yes your right well worth the 5%, I don't get anywhere near that on any of my other cards. I only get 1% with Creation!

Do you have knowledge of if they are reasonable with limit increases?

MysteryCredit

What do people make of how useable Amex benefits are in general?

KingS6

concernedSaver wrote: »

There's a bit of confusion here: American Express has a credit card called Platinum Cashback Everyday (this one: https://www.americanexpress.com/uk/content/platinum-cashback-everyday-credit-card/?intlink=uk-amex-cardshop-carousel-platcbeveryday) and the iconic Platinum Card, which is a charge card and comes with a hefty £450 annual fee (this one here: https://www.americanexpress.com/uk/content/platinum-card/cm/?intlink=uk-amex-cardshop-carousel-platinum&s_tntref=https://www.americanexpress.com).

Which one did you get accepted for? If you're talking about the charge card, you didn't get a word about credit limits because there isn't one: you can spend whatever you want with it, but you'll have to pay your bill in full every month.

Don't forget there is also the Amex Platinum Cashback Everyday Purchases Credit Card which had a lower cashback limit (1.25% from memory) but has a 21 month 0% interest on purchases introductory offer.

I got the aforementioned card and was given a £1000 credit limit.

concernedSaver

Don't forget there is also the Amex Platinum Cashback Everyday Purchases Credit Card which had a lower cashback limit (1.25% from memory) but has a 21 month 0% interest on purchases introductory offer.

I think this is a sort of exclusive deal for MSE, since I can't see the card coming through the homepage, only with the link in the 0% Card section here.

MysteryCredit

Wow that's a low limit. ��

KingS6

concernedSaver wrote: »

I think this is a sort of exclusive deal for MSE, since I can't see the card coming through the homepage, only with the link in the 0% Card section here.

Yes that's correct however they have not disclosed it's an exclusive deal. The credit agreements are exactly the same too.

I have a thread on this as I fell foul of the similarity between the two.