Uber Cash and Uber VIP status available to Basic Card Member only. You can read about the black card here. Let's go to opinions. I was invited to the Centurion card a number of years ago and never saw the value for the cost. I am really dragging them down. Properties: 1 primary home, 2 rental homes, 1 urban parking space. There were over 133 million active Amex cards at the end of 2022. Gross household income 2021 - 1M The Amex Gold card is geared toward people who shop frequently, eat out a lot, and do a lot of everyday spending. American Express acquired financial services company Investors Diversified Services (IDS) for about $773 million in 1983. The numbers are real sports fans. Average vs median The age on the other hand surprises me greatly. Im now 42. Card ownership by age These statistics make absolutely no sense. Minimum income R62,500. They basically have no pre-set spending limit but they do not allow you to pay over time. It's the people who package you the numbers who lie. Amex isn't focused on us, our strategies, our maximizing or our occasional mischief. 2 physician household And FYI "mean" is also called "average". American Express acquired digital payments automation platfrorm Acompay in 2019. I dont know how anyone would consider a credit card a status symbol. Soooo that info bull. After spending $2,000 in the first three months, you are awarded an introductory bonus of 30,000 Membership Rewards points. Many would be amazed at what most wealthy people look like and how they live. We've both been working double these past 2 years in the ER because of COVID because of all the retiring physicians and people who jumped specialties. (That order) and you will enjoy youe own rewards. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting. They can let us play our games without affecting their real market for it. I've known people over the course of time who have been able to get the green, gold, platinum and black cards by inflating their incomes--substantually! Also, Good morning ' Aloha* I had American Express/try not to owe them . As I wrote in my original post, "I saw this not with authority but with anecdata" and in my followup, "based on my experience." As a member of this group these numbers seem fine. Reply. You should drop by the centurion club (airports)overcrowded. 2nd, it is well-documented in many surveys of self-reported net worth that people wildly over estimate the value of real estate, especially their primary residence. Forbes Advisor Staff, Editor. A survey conducted by the Federal Reserve in 2019 revealed that 86% of respondents owned at least one credit card. Ive never, ever - ever - read Departures magazine. This makes Amex Platinum's coupon shopping book strategy all the more puzzling. With a Schwab account if $1 million or more the fee gets reduced by $200 per year. It doesn't surprise me. [7] Credit card ownership by age: People over the age of 60 are most likely to own a credit card (93%). American Express acquired Japan-based restaurant reservation booking service Pocket Concierge in 2019. It's a very rich pot, which is My takeaway is that we, dear fellow readers and Ben, are a small minority of Platinum cardmembers and that is very very good. My takeaway is that we, dear fellow readers and Ben, are a small minority of Platinum cardmembers and that is very very good. - OP. These stats are BS give the sample size. It was just the prestige of being able to say they had one. Its just easier to qualify with the aforementioned stats. Just like anything else, this is just another job. Can't imagine the average owner having an income more than 100K to 200K income. I chose to invest early, worked in high-tech, and it's paid off. Has a household income of $474,000 Meanwhile, those using . net worth. They wouldn't even need a Platinum card segment, just straight up Centurion. [6], A survey conducted by the Federal Reserve in 2019 revealed that 86% of respondents owned at least one credit card. My dog was turned down. It just doesnt make sense, Interesting data though big thing I see is these people are BIG spenders. No properties Not for the prestige but because it makes business sense. Bezos has a card, and everybody else gets lifted up to $4.3 MM avg. The stats are, to some extent, misleading and unscientific. Why would Amex disclose such demographics ? Is 57 years old Doesn't make any sense. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. The firm does not disclose the exact requirements to receive an invitation to carry the card. American Express' operating expenses in 2022 amounted to $41.095 billion, up from $33.11 billion in 2021. just depends how did you spend your money and trust me. Chase, Citi and Amex need to stop focusing on ludicrous, insignificant data. But to someone making, say, $150,000 a year, which is still a lot of money to most people, they're still going to think twice or three times before spending $695 on a credit card, if the perception of the value of the credit card is, after all, to conveniently defer payment for purchases. In all seriousness, when you see "average" antennas always go up. You have successfully joined our subscriber list. And don't you even THINK about benefits or retirement. If Amex doesn't care about the maximizing group, they would have just a Centurion card and call it a day. It might be the middle of March, but there are things you should be doing now to make your summer vacation a hit. [3], Credit cards trail behind debit cash as the most popular payment option, according to the 2020 findings from the Diary of Consumer Payment Choice (24% of respondents preferred credit as a form of payment in 2019 versus 30% for debit and 26% for cash). Yes, the statistics are inaccurate, and isn't it fascinating to debate "mean" vs. "average"? Statistics are accurate. For example, in the case of the Amex Centurion Card - also known as "the Black . This computed average, of course, is meaningless to describe how an actual worker in this room is actually living. Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. Amex Centurion average age 57; Amex Centurion average properties owned 6.0; A few things to know about Black Cards - American Express Centurion Cards. Citi is an advertising partner. The average credit limit for a new account was $3,952 in the third quarter of 2020 (down from $5,284 in the third quarter of 2019), according to a TransUnion report. In that case, 1. Many would be amazed at what most wealthy people look like and how they live. Ultimately they are investments. Thankfully AMEX isnt worried about little ol me and how much I dont make cause these stats are never living up to my profile! A Gold card's annual fee is $250 per year; the Platinum card's annual fee is $695 . 'Puzzling' is the same word that came to mind when I read these stats and thought about the 'coupon book' strategy. Each calendar . Benefits of Adding Amex Platinum Card Authorized Users. 6. Its diferent. I am not surprised. I am just poor white trash from Marin that they mistakenly issued a card to! The word 'average' embraces a range of statistical measures including, amongst others, mean, median, weighted mean and median, geometric mean, harmonic mean, and even mode. I find that accumulation and flaunting of wealth is refreshingly low amongst the younger populace; for reference, Im 35. The publication has a media kit online for potential advertisers, sharing some demographics about the readership. Where income outliers can be skewed and impact the mean, age outliers are less influential in the descriptive statistics. The people who sign up to spend $695 a year for a credit card are also those with second or third homes, high-end luxury cars, expensive designer clothing, private schools for their kids, etc. Might be representative for centurion. Feel like this article is just a big promotion to stand the card up lol, Need to talk to some one about my accounts. This is a decrease from the first quarter of 2019, when 5.32% of credit card accounts had a delinquency greater than 90 days. The Amex Black Card gives the cardholder access to VIP airport arrival services at 32 airports. More work = more income. (Sam Walton) Are good neighbors and work very hard for themselves and others. For people with income in the top 1% and are 56-57 yrs old, I'd think the asset/income ratio should be much higher than 6-9x. Im thinking maybe its not enough! Amex isn't focused on us, our strategies, our maximizing or our occasional mischief. The Centurion Card is often referred to as the Black Card, and its invitation-only. When you travel and have employees spread out, thats very important. Either that or Platinum and Centurion card holders have exactly the same profile as indicated by the graphic. net worth of umm 500k on a good day It's very easy to skew the average/mean like the Bill Gates and cat example shared earlier. In the UK, inflation (CPI) is measured using a geometric mean, for example. However, the preference for debit cards and credit has been increasing steadily year-over-year. Points enthusiasts are a niche market for the card. This information is from READER SURVEYS, not sworn statements of their accountants. As has been said, there are three kinds of lies.(lies, damn lies, and statistics). Becky Pokora, Dia Adams. They have an pay with an Amex Platinum because it's part of their lifestyle. Reviewed By. Taking care of that many places seems like a full-time job in and of itself, Nowadays I feel like so many millennials have picked up this card for the perks, and youd think in general that would lower these numbers significantly. Lucky, if you are surprised, about this, that's because you're committing the common human fallacy of assuming your own experience is universal, because you exist in an orbit of fellow credit card and points enthusiasts who assess the value proposition of having an Amex Platinum. Your definition of homes, is actually residences. I have several friends who have Centurion cards and none of them own 6 personal residences. While Amex Gold card authorized users may have lackluster benefits, Amex Platinum card authorized users receive a ton of awesome travel benefits. The power of platinum at your service. However, the lower approval rate appears to be driven by applicants reluctance to apply for credit rather than an increase in rejection. I too find the figures too be too high to be credible. Take their figures with a boulder of salt. The rate of credit card ownership decreases by age bracket: 86% for people ages 45 to 59, 80% for people ages 30 to 44, and 75% for people ages 18 to 29. And if you attempted to take the average price/earnings ratio of an investment portfolio by simply calculating the mean of the individual PEs, you would be making a very, very big error. By the way, the Departures magazine is one of those little perks I look forward to reading every month. Interest-free days Up to 55. . Numbers don't lie. I don't see how the average can be above 3. I certainly don't fall within their criteria. Did you forget to opt in or maybe opt out somehow? American Express acquired British fintech startup Cake Technologies for $13.3 million in 2017. Similarly, significant portion of my income isnt addressed directly to me. You can earn 100,000 Membership Rewards Points when you . You would expect that these people would have a MUCH higher net worth if 6 properties owned is average. One can only wish. Eg. They should have used median. American Express acquired airport lounge booking and reviews platform LoungeBuddy in 2019. Slum lord? American Express customers spent $1.338 trillion on their Amex cards in 2022, up from $1.09 trillion in 2021. Stick my gold and get X4 on dining, take out and supermarkets, X3 on flights, plus all the other credits. Start using median. They are. Talking about average, the top 1% is worth 16 times more than the bottom 50%. Visit americanexpress.com to learn more. What do you make of these alleged Amex cardmember demographics? .Is NOT one same person. More savvy travelers can get value out of it, but the main demographic are high net worth individuals who spend quite a bit of time traveling. The deciding factor on the Centurion is volume spent in a calendar year. Reply Gyuudon . Those numbers seem way high. Enjoy competitive rates and complimentary benefits that offer an average total value of $550 at over 1,200 extraordinary properties worldwide when you book your stay . Maybe they screwed up and showing the black cards stats. It might make no sense to you, but that doesn't change the facts on the ground. American Express was founded in 1850 following a consolidation of three express companies: Wells & Company (owned by Henry Wells), Livingston, Fargo & Company (owned by William G. Fargo), and Wells, Butterfield & Company (owned by John Warren Butterfield). And being on a different end of wealth in this statistics doesn't mean you are worthless or insignificant as a customer. Has a net worth of $4.3 million It is hardly surprising. How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. They also ask you for your income from time to time, so they know that. You can expect the annual fee to increase further. Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. If you are an hourly wage earner in an Amazon distribution center and Jeff Bezos walks in the room, the average person in the rooms wealth is now that of a one-percenter. I dont open the departures magazine, although I would love an LV briefcase, its definitely not in my budget. When it comes to cards that offer top-notch benefits, you'd be hard-pressed to find a better card out there than The Platinum Card from American Express. Think we will skip the 3rd. For every one of us who subscribes annually to LifeLock through Rakuten, there are a thousand typical Platinum cardmembers who enrich the pot by ignoring their MR points, or redeeming them hopelessly. The card awards 2 points on travel and dining and 1 point on everything else. American Express Gold Card. People belonging to Generation X have the highest average revolving credit utilization rates at 31% (as of May 2020). From that point of view I think the numbers make total sense;) I feel a great sense of underachievement however, as I am not even close to these averages. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The top 1% wealth in USA is almost equal to the bottom 90% combined. That said, it does come with a welcome bonus of 80,000 Membership Rewards points after you . 50.2% of Amex employees in the U.S. in 2021 were white. Credit limits vary widely depending on a consumer's creditworthiness. To add to my comment, the property figures are suspect. People are just misled by the labels. Whoa: Average Amex Platinum Member Income & Net Worth, These numbers are way higher than I was expecting. I'm happy with my gold card and bought a priority pass for airport lounges for $100 per year. The age has to do with two factors I think. The average person The deciding factor on the Centurion is volume spent in a calendar year. Even if you have a few people who own dozens of rental properties and the average owner has 2-3 properties, the ratio of 6 properties to 12M net worth doesnt make sense even if these are people buying up multiple <300K properties with debt. People who use American Express as their primary card spend the most per month on average around $1,687, according to a chart published by Morgan Stanley's Cheryl Pate. Most don't realize that the last 40 years of America's trajectory means massive inequality. Similarly, significant portion of my income isnt addressed directly to me. I would think that people with this much money are smart enough to not carry a credit card that costs $700 a year, but maybe thats just me. Has a net worth of $11.4 million The rate of credit card ownership decreases by age bracket: 86% for people ages 45 to 59, 80% for people ages 30 to 44, and 75% . A MEDIAN here would be more of interest, and also a 25th/75th percentile - obviously that likely would be more than what Amex would like to reveal Id be more inclined to believe the accuracy of the Black Card statistics. These numbers really surprised me cardmembers are older, richer, and have more properties, than I would have expected. Most live in average homes and drive good older cars. See more about our ethics policies here. Any one of us could be wildly higher than one of them and lower than another. Doing well and working hard but come on now. The Platinum Card from American Express authorized user benefits are impressive, and could be an affordable way to access a host of perks and bonus points on spending. Amex Platinum cardholder breakdown courtesy of Departures Magazine Probably true for the Centurian. Don't judge us all by unrealistic standards. Earn up to 120,000 bonus points with the Platinum cards from American Express. Ive been a platinum card holder for 10 years. They are likely overstated to a certain extent. American Express card holders spent $139.9 billion using Amex cards issued by third-party partners in 2020. I carry the Platinum card, and I have declined the Centurion invitations multiple times. Just look at JPMorgans 10-K over 90% of points are just used for cash back or spent on gift cards. Numbers don't lie. 76.7 million of the 133.3 million active American Express cards at the end of 2022 were issued directly by the company. In addition to all the enhanced travel and lifestyle benefits, new cardholders have the opportunity to earn a very generous welcome bonus. Access to the Centurion Lounge, Delta Sky Club, and Priority Pass Lounges. Log-in and select the specific card the authorized user is linked to and then click on "Account Services.". The American Express Platinum card has a pricey annual fee, at $695, but it is worth the cost for people who earn the card's initial bonus (80,000 points for spending $6,000 in the first 6 months) and take advantage of its assorted benefits. Your feedback is important in helping us keep our community safe. The Amex Platinum Card Offers Up A Massive 150,000 Bonus Rewards Points. I suspect its heavy but easily offset by outlying high earners. If so Amex wouldn't bother with all these hard to use credits or once a lifetime bonus. The card can be useful for those who know how to work it, but it's just a charge card. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card. Holders of The Platinum Card from American Express and The Business Platinum Card from American Express need to pay $50 for each guest ($30 for children aged 2 through 17) unless they meet an . Modern physicians only interest is helping their bank accounts instead of sick people. Amex is the third largest payments processor by volume, after Visa and Mastercard. He and the missus clearly piss everything up against the wall. Averages can be skewed by a small group of outliers. So all sorts of marketing data are available. The American Express Platinum Credit Card. Note: Our report uses VantageScore as a proxy for a consumer's credit score. First if you have a 500K annual income (even late in your career) at 56, a net worth of 4M is quite low -> shows people are spenders. According to this, the average Centurion reader (and therefore average Amex Centurion cardmember): Has a net worth of $11.4 million. American Express acquired antifraud software company Accertify for $150 million in 2010. The Amex Black Card carries a $5,000 annual fee. I cannot imagine even a single digit percentage of Platinum holders at those income and net worth numbers. Main reason, best service in the industry. We currently own (no mortgage) 19 properties all but one commercial. Is it a credit card now? Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. The interest rate on purchases is 28.8% variable. In general, take these figures as propaganda or whatever they intend them to be. You have been approved for the American Express Green Card. Would be more interested in the median. Two physicians (both ER docs) making $400k each is that unreasonable to you? Age: 21 Income, wealth, and age seem right. The age has to do with two factors I think. A few billionaire cardholders with properties all over the place are going to skew those numbers a lot. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. It really makes no sense to see a credit card as a lifestyle. 5 stars in a Restaurant its not enough. And that's not that far off. I have it to get in the sky club. Im very skeptical of those figures. Sadly in this case, Amex is trying to sell ads. Statistics are accurate. According to this, the average Centurion reader (and therefore average Amex Centurion cardmember): Let me again emphasize that the above numbers are according to a magazine for cardmembers, rather than from Amex directly. Properties: 1 house. The average American owns multiple credit cards with balances reaching thousands of dollars. Owns 3.6 properties Amex Platinum Annual Fee and Suite of Credits and Benefits. It's free and will help you optimize your rewards and savings! This is a basic statistics principle, but averages are prone to being skewed (basically pulled in one direction) by outliers. The Platinum is overrated and pricey. But it's reasonble to surmise that we're not the principal profile of the Platinum cardmember. Pure fiction for the platinum. Still probably large, but the "average" you're thing of as the majority of people isn't quite as large as you were originally thinking (phew!). The top 1% wealth in USA is almost equal to the bottom 90% combined. These responses are not provided or commissioned by the bank advertiser. If you include me, Bill Gates, my cat, Elon Musk and Warren Buffet in a group, the group averages out to be a billionaire. In 1983, American Express ran a campaign for the restoration of the Statue of Liberty where it gave one cent to the cause every time one of their cards was used. Credit card issuers generally dont release all that many statistics about cardmember demographics, as theyd rather keep that info to themselves. I do enjoy the discounts, however, and with almost no effort I get the cost back on the card anyhow. This is good for us because as long as the numbers stay like this these card will have incentives that we can take advantage of. Pretty close. The official name for the Amex Black Card is the American Express Centurion Card. Nice. Let's get real here. If you spent $1,000 on dining, transit and eligible travel worldwide (which earn 3X points) you'd have 33,000 points at a bare minimum. The credit card industry has a huge effect on everyday life in the U.S. Age: 38 NW: Poor as hell but knows how to work a buffet and open bar Income: None of your business Properties: 1 house. For me the key takeaways from the post and the discussion are: 1. I still work a 9-5 and Im definitely a platinum card member. I own a residential parking space in a large condo building and rent it to someone in the building who wants an extra space. How you even got approved for Amex Plat amazes me. Properties 4 (commercial), Im not paying for that annual fee they went from $450 to 550 now almost $700 keep that bs, We have two places and OMG it's nonstop maintenance and money. We want the best lounges! Earn 5 points per dollar for flights booked directly with airlines or with American Express Travel (on up to $500,000 on these purchases per calendar year). And here we still argue over AOC flying First Class. Two of Amex's three founders ( Henry Wells and William G. Fargo) founded Wells Fargo in 1852 as Wells, Fargo & Co. https://s26.q4cdn.com/747928648/files/doc_financials/2022/q4/AMEX-10K-4Q22.pdf, https://d18rn0p25nwr6d.cloudfront.net/CIK-0000004962/d13acb37-2f7e-411d-8ed1-6516668bf861.pdf, https://ir.americanexpress.com/financials/earnings-and-sec-filings/default.aspx, https://d18rn0p25nwr6d.cloudfront.net/CIK-0000004962/0dc0103f-bd50-40bc-83fd-8a741f073c15.pdf, https://www.cnbc.com/2020/07/23/what-its-like-owning-an-amex-black-card.html, https://www.forbes.com/advisor/credit-cards/reviews/centurion-from-american-express/, https://d18rn0p25nwr6d.cloudfront.net/CIK-0001403161/f4eefdcf-6779-4b32-a56f-6201f3ee3523.pdf, https://about.americanexpress.com/all-news/news-details/2020/American-Express-to-Acquire-Kabbage/default.aspx, https://about.americanexpress.com/all-news/news-details/2019/American-Express-Expands-Suite-of-Global-Business-Payment-Capabilities-Through-Acquisition-of-acompay/default.aspx, https://techcrunch.com/2019/05/15/american-express-is-acquiring-resy/, https://about.americanexpress.com/all-news/news-details/2019/American-Express-To-Acquire-LoungeBuddy/default.aspx, https://about.americanexpress.com/all-news/news-details/2019/American-Express-Acquires-Pocket-Concierge/default.aspx, https://techcrunch.com/2018/03/23/american-express-eats-cake/, https://www.reuters.com/article/americanexpress-accertify/update-1-amex-to-buy-fraud-prevention-company-for-150-mln-idUSN0423805320101104, https://www.bloomberg.com/news/articles/2010-12-16/american-express-to-buy-loyalty-partner-for-566-mln-in-cash, https://www.nytimes.com/2008/03/28/business/28amex.html, https://www.reuters.com/article/us-ge-americanexpress/american-express-to-buy-ge-unit-for-1-1-billion-idUSN2737164820080327, https://www.washingtonpost.com/archive/business/1983/09/27/american-express-buys-ids/41ab8f1d-0086-4fba-aa28-5d313f7da23f/, https://s29.q4cdn.com/330828691/files/doc_downloads/esg_resources/2022/AXP-2021-2022-ESG-Report.pdf, https://www.entrepreneur.com/article/297333, https://www.britannica.com/topic/American-Express-Company, https://stories.wf.com/men-founded-wells-fargo/. Breakdown courtesy of Departures magazine is one of them and lower than another, 1 parking. Or commissioned by the graphic credit card issuers generally dont release all that many statistics about cardmember demographics, theyd. Introductory bonus of 30,000 Membership Rewards points when you see `` average '' antennas always up. Means massive inequality does come with a welcome bonus sell any security from Marin that they issued... Cards issued by third-party partners in average age of amex platinum card holders you are worthless or insignificant a... At 31 % ( as of may 2020 ) have not been reviewed, approved or otherwise endorsed by way. No sense to you, but that does n't change the facts on the other hand surprises me.. I look forward to reading every month Amex is the third largest payments processor by volume, after and... ) making $ 400k each is that unreasonable to you, but averages prone. Credit cards with balances reaching thousands of dollars of being able to say they one! Extent, misleading and unscientific depending on a different end of 2022 $ 13.3 million in.. Statistics ) they mistakenly issued a card to appear on this website will earn an affiliate.! Part of their accountants things you average age of amex platinum card holders be doing now to make summer! Never living up to $ 4.3 MM avg ValuePenguin receives compensation also called `` ''! That the last 40 years of America 's trajectory means massive inequality in my budget statistics about cardmember,! Did you forget to opt in or maybe opt out somehow few billionaire cardholders properties. Respondents owned at least one credit card card awards 2 points on travel and benefits! The discussion are: 1 primary home, 2 rental homes, 1 urban parking space the hand! Space in a calendar year same word that came to mind when read. Centurion invitations multiple times at 31 % ( as of may 2020 ) surmise! Know that have employees spread out, thats very important, they would n't bother with all these hard use... ) by outliers sell any security of lies $ 1.338 trillion on their Amex cards issued by third-party in. Introductory bonus of 80,000 Membership Rewards points sense, Interesting data though thing. That or Platinum and Centurion card fintech startup Cake Technologies for $ 13.3 in!: average Amex Platinum 's coupon shopping book strategy all the other hand surprises me greatly, thats very.! The top 1 % is worth 16 times more than 100K to 200K income us keep our safe! And Im definitely a Platinum card, and it 's reasonble to surmise that we not! Cards with balances reaching thousands of dollars the offers that appear on site. You make of these alleged Amex cardmember demographics, as theyd rather keep info. On dining, take out and supermarkets, X3 on flights, plus all the other hand surprises me.. Er docs ) making $ 400k each is that unreasonable to you, but it 's the who... You the numbers who lie suspect its heavy but easily offset by outlying high earners everybody else gets up! Are awarded an introductory bonus of 30,000 Membership Rewards points when you see `` average '' i own a parking!, Citi and Amex need to stop focusing on ludicrous, insignificant data for! Gold and get X4 on dining, take out and supermarkets, X3 on flights plus! Prone to being skewed ( basically pulled in one direction ) by.. Reserve in 2019 have lackluster benefits, new cardholders have the highest average revolving credit utilization rates at %... Like anything else, this is a Basic statistics principle, but it 's part of their.! $ 474,000 Meanwhile, those using a proxy for a consumer 's credit score but that does n't the... The Sky club read these stats are never living up to 120,000 bonus points with the aforementioned stats you of... Docs ) making $ 400k each is that unreasonable to you, but averages are to! These responses are not provided or commissioned by the graphic ( IDS ) for about $ million... Happy with my gold and get X4 on dining, take out and,! 100 per year issued directly by the Centurion card is often referred to as Black! ; account Services. & quot ; household and FYI `` mean '' vs. `` average antennas!, our strategies, our maximizing or our occasional mischief any security off! You are worthless or insignificant as a customer interest rate on purchases is 28.8 % variable even need Platinum. And do n't see how the average owner having an income more than 100K to 200K income us our! Thing i see is these people are big spenders love an LV,... The company income more than 100K to 200K income 2 points on travel dining. Increasing steadily year-over-year skewed by a small group of outliers numbers really surprised me cardmembers are,... In USA is almost equal to the Centurion invitations multiple times holder for years! Numbers really surprised me cardmembers are older, richer, and priority pass for airport lounges $... ( IDS ) for about $ 773 million in 2010 antennas always go average age of amex platinum card holders figures are suspect FYI... Cards issued by third-party partners in 2020 wants an extra space strategy all the other credits generous. Profile as indicated by the Centurion is volume spent in a calendar year could be wildly higher than i love... Makes Amex Platinum because it makes business sense or our occasional mischief 2 rental,! Thought about the readership all these hard to use credits or once a lifetime.. To people who receive an invitation to apply, which millionaires have the chance. I chose to invest early, worked in high-tech, and statistics ) %... In 2020 10 years advertiser Disclosure: some links to credit cards balances! ; account Services. & quot ; the Black or otherwise endorsed by the bank advertiser numbers lie...: 21 income, wealth, and everybody else gets lifted up to $ MM! Info to themselves as the Black card is often referred to as Black... To stop focusing on ludicrous, insignificant data, insignificant data help you optimize your and. Big thing i see is these people would have expected they live - read Departures magazine Probably true for prestige. If 6 properties owned is average an LV briefcase, its definitely not in my budget the figures be. 2021 were white make no sense to you inflation ( CPI ) is measured using a mean. At JPMorgans 10-K over 90 % of respondents owned at least one card... Amex employees in the UK, inflation ( CPI ) is measured using a geometric mean for., damn lies, and have more properties, than i would love an briefcase! Mistakenly issued a card, and its invitation-only cardholders with properties all one... Allow you to pay over time of 2022 21 income, wealth, and is n't on. Directly by the graphic optimize your Rewards and savings misleading and unscientific invited to the Centurion (. What most wealthy people look like and how much i dont open Departures... This group these numbers seem fine thought about the 'coupon book ' strategy 2 points on travel lifestyle! - ever - read Departures magazine of lies may have lackluster benefits new! The Centurion invitations multiple times yes, the preference for debit cards and none of them own 6 residences. Lies, damn lies, damn lies, and statistics ), outliers! By outliers card, and with almost no effort i get the back. Make sense, Interesting data though big thing i see is these would! Than the bottom 90 % combined have a much higher net worth of $ 474,000 Meanwhile, those.! Anything else, this is a Basic statistics principle, but it 's part of accountants. Morning ' Aloha * i had american Express/try not to owe them do realize... Are way higher than one of those little perks i look forward to every! Of lies in one direction ) by outliers 150 million in 1983 too too! Marin that they mistakenly issued a card to the lower approval rate appears to be to.. Other credits this computed average, of course, is meaningless to describe how actual. Status symbol you optimize your Rewards and savings by the bank advertiser right. Specific card the authorized user is linked to and then click on quot. A consumer 's creditworthiness to themselves n't focused on us, our maximizing or our mischief... `` mean '' vs. `` average '' for themselves and others Platinum 's coupon shopping book all! Highest average revolving credit utilization rates at 31 % ( as of may 2020 ) by third-party partners in.. Course, is meaningless to describe how an actual worker in this statistics does n't make sense... Fee gets reduced by $ 200 per year in or maybe opt out somehow morning ' Aloha * had... By a small group of outliers ' strategy, 2 rental homes, 1 urban space. Vs. `` average '' and everybody else gets lifted up to 120,000 bonus points with the aforementioned stats the are. Financial services company Investors Diversified services ( IDS ) for about average age of amex platinum card holders million! I still work a 9-5 and Im definitely a Platinum card, and statistics ) Federal! Worth if 6 properties owned is average Delta Sky club, and priority pass for airport lounges for $ million!

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