What credit score do I need to get the American Express Platinum Card?

By   |   Verified by Yvonne Taylor   |   Updated 3rd January 2022

Credit score needed for American Express Platinum Card
  • You need to have a good or excellent credit score to be approved for the American Express Platinum Card.
  • This metal card offers no pre-set credit limit and eligibility to earn uncapped Membership Rewards points on every dollar you spend, plus significant travel benefits.
  • However, the American Express Platinum Card has a very high annual fee and a high minimum income requirement.

Whatever credit card you aspire to, the card issuer is going to check your credit score. The same goes for American Express's luxurious and metal charge card. With a high-end card that carries no pre-set spending limit like the American Express Platinum Card, you can expect strict conditions on creditworthiness.

American Express Platinum Card

On American Express' website

Apply by 28 February 2022

American Express Platinum Card

Balance transfer


Purchase rate


Annual fee

$1,450.00 p.a. ongoing


  • Receive 250,000 bonus Membership Rewards points and get a $500 credit when you apply, are approved by 28 February 2022, and spend $5,000 on your new Card within the first 3 months. T&Cs apply. New Card Members only.
  • Receive a $450 Platinum Travel Credit each year, which can be redeemed for flights, hotels or car hire.
  • Earn 2.25 Membership Rewards points per $1 spent on all purchases, except for spend with government bodies in Australia, where you will earn 1 point per dollar spent. Points earning is uncapped.


  • Receive up to 250,000 Bonus Membership Rewards Points and $500 credit when you meet the criteria.
  • Receive a $450 Platinum Travel Credit each year.
  • Get airport lounge access.


  • The annual fee of $1,450.

Who is the American Express Platinum Card for?

The American Express Platinum Card is for users with a personal annual income of $100,000 or more who wish to optimise their rewards points and additional benefits.

What credit score is needed for the American Express Platinum Card?

This is a tricky question to answer because Amex only says that you can be eligible for their Platinum Card if you have ‘no history of bad debt or payment default’. But with a card like this, the one thing we can say is that your credit score almost certainly needs to be in the range ‘Good’ to ‘Excellent’.

These credit score descriptors are used by credit reporting agencies to classify your credit score. Different agencies use different scoring systems. For example, Experian uses a scoring system which gives the highest score as 1000 while Equifax uses a top score of 1200. So here's how good, very good and excellent scores are classified by the credit rating companies.

BureauGoodVery goodExcellent

You don't have to have a perfect credit score to be eligible for the American Express Platinum Card. Remember that what is important is not just your credit score but also your income level as well as the relationship you have maintained with your bank over the years.



You can check your credit score using our free credit score service.

Key features and perks

  • Earn a huge number of bonus points by meeting an easily achieved spending target in the first three months.
  • Earn more bonus points after paying the second year annual fee.
  • Transfer earned points to a choice of 10 major airline reward programs, including Qantas Frequent Flyer.
  • Annual travel credit when booking eligible flights, hotels and car hire.
  • Get access to 1200+ airport lounges in over 130 countries.
  • Enjoy a range of complimentary insurance policies, including domestic and international travel insurance.
  • Up to 44 days interest free.
  • It’s a charge card, so there’s no pre-set credit limit, and no opportunity to carry a balance beyond the payment due date.


The American Express Platinum Card has a very high annual fee of $1,450 per year.

How do I apply?

You can apply online. It takes just a few minutes if you have the necessary documents and information ready. These include:

  • Australian driver’s licence number (if applicable)
  • Details of your income, expenses and debts
  • Proof of income (e.g. payslips)

According to American Express, you could receive a response within 60 seconds.

On American Express' website


The American Express Platinum Card’s price tag and long list of benefits really put it in a class of its own, with no truly similar competitors. But if you are looking for a premium card with rewards and travel perks, and a lower annual fee, you should take a look at.

NAB Qantas Rewards Signature Card

On NAB's website


  • Earn up to 110,000 bonus Qantas Points. Receive 90,000 bonus points when you spend $3,000 in the first 60 days from account approval date and 20,000 bonus points when you keep your card open for over 12 months. Terms and conditions apply.
  • Enjoy 0% on balance transfers for 6 months with 2% Balance Transfer Fee.
  • Reduced annual fee of $295 p.a. instead of $395 p.a. (saving you $100).


  • Complimentary Qantas Frequent Flyer membership fee valued at $99.50.
  • Six complimentary insurances when you make an eligible purchase.
  • Earn 1 Qantas Point per $1 spent on everyday purchases up to $5,000 per statement period then 0.05 pts per $1 spent thereafter (capped at $20,000).


  • Annual fee of $395 p.a. is quite high.
Westpac Altitude Black Credit Card (Altitude)

On Westpac's website

New offerApply by 24 February 2022

Westpac Altitude Black Credit Card (Altitude)


  • Receive 180,000 Altitude bonus points when you spend $6,000 on eligible purchases within 120 days of card approval. Exclusions apply
  • Transfer your balance at 0% p.a. for 24 months (1 % balance transfer fee applies). Reverts to cash advance rate of 21.49% p.a.
  • $99 p.a. annual fee for the first year ($250 p.a. annual fee thereafter).


  • 180,000 bonus Altitude Points when you spend $6,000 in 120 days.
  • 0% p.a. for 24 months on balance transfers.
  • Additional savings with the $99 first-year annual fee ($250 p.a. thereafter).


  • The high annual fee of $250 p.a. after the initial year.
St.George Amplify Signature Credit Card (Amplify)

On St.George's website

Apply by 24 February 2022

St.George Amplify Signature Credit Card (Amplify)


  • Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year. Plus, receive a birthday points bonus of 10% of the points earned in the last 12 months.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee on amounts transferred.
  • Includes complimentary overseas travel insurance for up to 6 months


  • The 200,000 bonus Amplify Rewards Points.
  • 0% p.a. for 24 months on balance transfers.
  • Includes complimentary overseas travel insurance for up to 6 months


  • There is a 1% balance transfer fee.
  • The ongoing annual fee is high at $279 p.a.


How do I check my credit score?

You can use Finty to check your credit score. It is fast and totally free, and given using state of the art encryption to secure your data and privacy. And checking your credit score with Finty will not affect your score either, because we use a 'soft enquiry' to obtain the information.

What factors affect your credit score in Australia?

Your credit score is calculated by allocating values to a variety of factors, and this may differ depending on the credit scoring agency. However, in general the following factors are taken into account:

  • Your age
  • How long you’ve been at your current residential address
  • How long you’ve been with your current employer
  • The length of time you’ve had a credit file
  • The types and amounts of credit you already have
  • A record of credit accounts that you have opened and closed
  • Credit you have applied for previously, whether approved or not
  • Repayment history on your credit accounts including any previous overdue or defaulted debts and bankruptcies
  • Any court writs or default judgments relating to you

Rating agencies assign each of these factors a numeric rating to arrive at your credit score.

What do I do if my application is rejected?

Having a credit card application rejected is disappointing, but there are steps you can take to improve your chances next time:

  • Don’t apply for another credit card straight away, because too many applications within a short time frame will further damage your credit score.
  • When your credit card application is rejected, you will get a rejection email and/or a letter in the mail. There are legal reasons that prevent your card issuer from telling you specifically why they rejected your application. You may call them and ask for an explanation and reconsideration, but be aware that your chances of success are minimal.
  • Monitor your credit score for a few months.
  • Read up on how to improve your credit score and follow the guidance for a few months before applying for another card.

The Verdict

The American Express Platinum Card offers you the lap of luxury with no pre-set spending limit, since it’s a charge card made from metal.

There are no other truly comparable cards in Australia. But the luxury and the perks come at a very high annual fee, and a high minimum income requirement.

Your credit score also needs to be in the range ‘Good’ to ‘Excellent’, but regular travellers who can jump through all the hoops should be able to extract excellent value from this card, every year, well in excess of its cost.