Page 33 - Credit Builidng Toolkit By Adrean Yancy jr 3

Credit Building Toolkit

Platinum Card from American Express

It charges a $550 annual fee and that could look a bit discouraging; however, a deep
look at the card's perks makes it one of the top choices in the industry. The card

offers a welcoming bonus to consumers if they spend $5000 in their first six
months, and this gets them 75,000 points which you can redeem in gift cards, cash,
or kind as in charity.

Spend a dollar within your first six months in gas stations and supermarkets in the
U.S., and get 10 points. You also earn 5X points per dollar when booking a flight via
Amex travel or direct from airlines. In addition, from June 30th, 2021, members will

earn $30 every month as a statement credit if they conduct transactions through
PayPal.
Amex, with lots of benefits and bonuses, still charges for foreign transactions. And
with just $175, for a start, you could get three authorized users, and these users will
get their cards within a week, and moving forward, you'll be charged $75.

● Annual fee: $550

● Reward: Premium rewards and benefits for both parties
● Regular APR: 15.99% - 22.99%
● Intro APR: Yes

● Credit recommendation: Excellent

Pros Cons
· Your points are evergreen. · High annual fee.
· Unlimited points to earn. · Authorized users do not get airline
and Uber credit.

· You can redeem points in the form of · American Express Travel is the
gift cards, entertainment, travel, and only way to redeem travel rewards.

charity.
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