What credit card do most wealthy people use?

According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695 (See Rates), which is higher than most other credit cards.

How many credit cards should you have for excellent credit?

Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time. Having very few accounts can make it hard for scoring models to render a score for you.

What kind of credit card can you get with a 800 credit score?

With such a high credit score, you’ll be an ideal candidate for all of today’s best credit cards, including credit cards for people with excellent credit. If you travel regularly, you might want to consider a premium travel credit card like the Chase Sapphire Reserve® or The Platinum Card® from American Express®.

What credit card starts you off with the highest limit?

On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit….

Is 4 credit cards too many?

“Too many” credit cards for someone else might not be too many for you. There is no specific number of credit cards considered right for all consumers. Everyone’s credit history is different. Lenders tolerate different levels of risk, and different credit scoring formulas have different criteria.

What percentage of the population has a credit score over 825?

Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.