Hello, everyone! I just signed up & this is my first post.
About 18 months ago, I got an American Express Gold Card. About 6 months prior to that, I bought a condo. As soon as I became a homeowner, I started getting mailings from American Express, usually one every 1-2 weeks. Some were for the AMEX Green, others were for the AMEX Gold.
I can't remember where, but I could have sworn that there was a minimum income requirement for AMEX Gold, which was about twice my salary. Naturally, I kept throwing away the offers. One day, I decided to reply to one of their offers, just so they would deny me & quit sending me offers. Much to my surprise, they accepted me! So far, I've had no complaints with the AMEX Gold card.
I like the card because of the no pre-set spending limit. I had a Visa & MC thru "big banks" (Visa thru Wells Fargo, Mastercard thru Chase) and they wouldn't raise my credit limits. Well Fargo had the gall to cut my credit limit in half, down to $1000, even though I'd been a customer for 9 years and never missed a payment, having a $0 balance.
My Chase MC was grandfathered in from Washington Mutual, which was about to go under when I got the card. I think that account was flagged/blacklisted, because everytime I inquired about an account upgrade, credit limit increase, promotions, etc.., they'd always tell me "Your account isn't eligible for that".
Anyway, with those cards, whenever I'd check into a nice hotel in Las Vegas for 4-5 night, most of the credit line would be used up for incidental holds. With AMEX Gold, no such problems. I like that I can also check out my spending ability on their website, which is currently about 8X what my limit on those big bank cards were!
So, now back to my original question: Does the AMEX Gold have a minimum income requirement? I hope someone at AMEX didn't get fired over mistakenly giving a Joe Shmoe like me a gold card. Recently, I was upgraded to AMEX Gold Premier Rewards
& when the card came, it was one of the fanciest pieces of mail I've ever received. Talk about making you feel like a big shot!