So apparently Plat Travel Income requirement is >50 lacs

[realjayt]

Here with a tale of somewhat rejection.

Profile
4 Year Credit history
CIBIL 777
Highest Card Limit 4.6L

I run two businesses, one being a retail shop and the other a contract firm.
Since my shop is not at a serviceable area I thought better to put my contract firms address as my work address. So the guy came and verified that and the next day I get a rejection saying I don’t meet the income criteria of 6 L which I clearly do as per my ITR. So I send a mail to CC Head of AMEX saying the same. This morning, I get a call saying that I am not eligible for plat travel as per my income but I am eligible for Plat Reserve and I can apply for it right away even while being on the phone, which I politely declined and asked them to put it in writing that “50 lacs income is required for plat travel if you are holding a contract firm of a construction firm.”

Everyone keeps praising Amex for their professionalism but here I feel like it has failed them.

 

[realjayt]

How are you eligible for Plat Reserve but not Plat Travel? While Plat Reserve has crap rewards, does it not have higher fees compared to Plat Travel, making Reserve a more premium card than Travel?

50L income probably makes sense for Plat Charge not Plat Travel whose rewards peak at 4L usage per annum.

I asked them for that in writing that they need 50L for Plat Travel. Letssee what happens

 

[Tejo]

I am a Pensioner and part-owner of an Indian Subsidiary of an European Firm (no salary). ITR - 9.8L last year. 12.0L this year.
I got AMEX MRCC last year.

What is your age now?

 

[RAMESH BABU N]

What is your age now?

Sixty Four.

Got one more year to scout n apply for new cards. Most banks stop giving on attaining 65 yrs.

 

[SonyTom]

You are really young at heart sir