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The Platinum Card® from American Express

Credit needed
Good
APR
0%
Annual Fee
$695

Card Summary

American Express' Platinum Card is for frequent travelers. You can earn 10 points when you make eligible purchases at American Express restaurants around the world and Shop Small in the U.S. during your first six months of Card Membership.

Additionally, the card will give you five points for every dollar that is spent directly on airfares booked by airlines and American Express Travel. Bonus points are limited to $500,000 combined purchase each year, starting Jan. 1, 2021.

Five points are earned per dollar for prepaid hotel bookings made with American Express Travel.

A $695 annual fee will be charged.

American Express Platinum Card Review:

The card offers great rewards and travel perks.
The card's welcome offer is among the most outstanding and it has a longer qualifying period than other cards of its type.

Card Summary - Cons

Rates and fees

Issuer Name
American Express
Penalty APR
N/A
Credit Needed
Good
Balance Transfer Fee
N/A
Annual Fee
$695
Cash Advance Fee
You can choose to pay $10 or 5%, depending on the cash advance amount.
APR
0%
Foreign Transaction Fee
None
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American Express

The Best Features

American Express Platinum Card offers a 100,000 point introductory bonus after you have spent $6,000 in the first six months.

You will also be able to earn 10 points for eligible purchases at international restaurants and Shop Small in America. This bonus is available during the first six months of your Card Membership.

Benefits for travelers: This card provides a variety of travel benefits, including zero foreign transaction fees and $200 per year credit to the airline for incidental purchase, as well as up to $200 worth Uber rides each year.

Also, you will receive a credit towards Global Entry or TSA Precheck expedited screening (see Rates & Fees).

Additional benefits include: Purchase protection, return protection and rental car insurance are just a few of the card benefits.

There is also a hotline for global assistance, concierge services, as well as global assist.

Rewards

Sign up bonus

APR Requirements

Drawbacks

Annual fee for the Platinum Card: American Express charges $695 annually.
There is no introductory APR.
The American Express Platinum Card does not have a 0% annual percentage rate.
The cardholders can carry an account with interest for eligible charges up to $100.

Highlights

After spending $6,000 in the first six months, you will earn 100,000 Membership Rewards points. In addition, you will earn 10x points for eligible purchases at international restaurants and Shop Small in America. This is on your 6th month of Card Membership.

Book direct with American Express Travel and receive 5X Membership Rewards points. Earn up to $500,000 in American Express Travel Points per year. Also, earn 5X Membership Reward points on pre-booked hotels with American Express Travel.

$200 Hotel Credit: Receive $200 in credit each year for prepaid Fine Hotels + Resorts and The Hotel Collection bookings made with American Express Travel, when you use your Platinum Card.

$240 Digital Entertainment Credit: Receive up to $20 each month in statement credits when you make eligible purchases using the Platinum Card.

You can choose from one of these providers: Peacock or Audible. Enrollment required.

$155 Walmart+ Credit: Pay $12.95 per month for Walmart+ with your Platinum Card. After that, you receive a statement credit. Cost includes $12.95 plus applicable local sales tax.

American Express expanded The Centurion, to 40+ Centurion Lounges and Studios locations around the world. Your Platinum Card, which can be used to get free entry or other perks, now offers access to even more locations.

$200 Credit for Airline Fees: Receive up to $200 per year in credit for baggage fees at a select airline.

Uber Cash $200: Get VIP status with Uber and get up to $200 off your ride or food order in the US each year. Uber Cash and Uber VIP Status are only available for Basic Card Members.

Equinox Credit $300: Receive up to $25 each month when you use your Platinum Card to pay for select Equinox memberships Enrollment required.

$179 CLEAR credit: Get up to $179 per year back on your CLEAR.

Annual fee: $695. These terms and conditions apply.

Benefits

Comparative Analysis with Other Cards

What is the American Express The Platinum Card, and how does it compare with other credit cards?

American Express Gold Delta SkyMiles credit card vs. American Express Platinum Card: Which one is the best?

Chase Sapphire Reserve vs. American Express Platinum Card: Which one is the best?

American Express Business Platinum Card vs. American Express Platinum Card Citi Prestige Credit Card vs. American Express Platinum Card American Express Gold Card Vs. American Express Platinum Card vs. American Express Platinum Card, vs. Marriott Bonvoy Unbound Credit Card Delta SkyMiles Gold American Express card vs. American Express Platinum Card Delta SkyMiles Gold

American Express Card gives Delta loyalty members the opportunity to accumulate miles and get perks on every flight, such as a free checked bag or priority boarding.

American Express Platinum Card offers luxury travel benefits such as fee credits, access to airport lounges, and status at elite hotels. Transfer points can also be made to multiple hotel and airline partners.

Chase Sapphire Reserve vs. American Express Platinum Card

Chase Sapphire Reserve provides luxury travel perks such as airport lounge access with Priority Pass Select and an application credit for Global Entry. The cardholders can transfer their points to other travel partners at full value and offers over $400 in rewards value.

American Express' Platinum Card offers excellent benefits for travelers, such as fee credits, access to airport lounges, and status at elite hotels. You can transfer points from the card to many partner programs.

American Express Business Platinum Card vs. American Express Platinum Card

American Express' Business Platinum Card offers flexible benefits for business owners and an array of travel benefits. The annual fee for the Business Platinum Card from American Express is $595 (or $695 if you apply after 1/1/2022).

American Express' Platinum Card offers the most valuable travel benefits and allows you to transfer points to multiple airline and hotel partners. There is a $695 annual cost.

Citi Prestige Credit Card vs. American Express Platinum Card

Citi Prestige Credit Card offers a large sign-up bonus and high reward rates. It also has premium travel perks. American Express Platinum Card offers fees credits, access to airport lounges, elite status in hotels, and the possibility to transfer points to multiple airline partners. You will also receive a special welcome offer.

American Express Gold Card Vs. American Express Platinum Card

American Express Gold Card provides high reward rates for purchases at U.S. grocery stores and restaurants. Although the annual fee for the card is half that of its counterpart, it offers limited benefits in the area of travel.

American Express Platinum Card offers high-end travel benefits, such as fee credits, access to airport lounges, and status at elite hotels. The higher annual fees can be justified by higher points multipliers and better welcome offers.

Marriott Bonvoy Boundless credit card vs. American Express Platinum Card Marriott

Bonvoy Boundless Credit Card gives you bonus points at Marriott Bonvoy hotels and a complimentary anniversary night. American Express Platinum Card offers many luxury travel benefits, such as fee credits, access to airport lounges, and status at elite hotels. Transfer points can be made to multiple hotel and airline partners for a higher fee.

What you can do to earn rewards?

American Express Platinum Card earns five points for every dollar spent on direct bookings with airlines and American Express Travel.
However, the bonus points earned in these categories are limited to $500,000 combined purchase each year. You can also get five points per $1 on bookings made with American Express Travel for prepaid hotels.

This is why it's best to be used to pay travel expenses. You can earn 100,000 points by spending $6,000 in the first six months of your Card Membership. You will also be able to earn 10 points for eligible purchases at international restaurants and Shop Small in America. This bonus is available during the first six months of Card Membership.

Comparative Analysis with Other Cards American Express Platinum Card vs. American Express Blue Cash Preferred Cards

Annual Fee: American Express' Platinum Card charges $695 annually. American Express Blue Cash Preferred Card has an $0 annual fee, and then it will cost $95 annual fee.

Reward: The American Express Platinum Card will give you 10 points for eligible purchases at restaurants around the world and Shop Small in America. This is on your 6th month of Card Membership. Five points will be earned for every dollar you spend on direct bookings with airlines and American Express Travel. However, the bonus points available in these categories are limited to $500,000 combined purchase each year.
Five points are earned per dollar for booking prepaid hotel rooms with American Express Travel.

American Express Blue Cash Preferred Cards offer 6% cashback on purchases up to $6,000 per year in U.S. supermarkets (then at 1%), 6% cashback on selected U.S. streaming subscriptions and 3% cashback at U.S. gasoline stations. They also provide unlimited 1% cashback on all other purchases, including taxis, ride-hailing, parking, and buses. New cardholders receive 100,000 points when they spend $6,000 in purchases with The Platinum Card by American Express during their first six months. After you have spent $3,000 on purchases with your Card, the Blue Cash Preferred Card by American Express will give cardholders $300 in statement credit.

Benefits: American Express Platinum and Blue Cash Preferred Cards cardholders have access to travel benefits such as purchase protection, rental car coverage, and a hotline for assistance around the world. They also get return protection and concierge services.

Chase Sapphire Reserve vs. American Express Platinum Card

Annual fee: American Express' Platinum Card charges $695 annually. Annual fee for Chase Sapphire Reserve is $550.

Reward: The American Express Platinum Card will give you 10 points for eligible purchases at restaurants around the world and Shop Small in America. This is on your 6th month of Card Membership.

Five points will be earned for every dollar you spend on direct bookings with airlines and American Express Travel. However, the bonus points available in these categories are limited to $500,000 combined purchase each year. American Express Travel cardholders receive five points for every dollar spent on pre-paid hotels.

Chase Sapphire Reserve gives cardholders three times more points for travel after they earn their $300 travel credit. They also get three times as many points when dining in restaurants, including takeout, dining out and eligible delivery, and one point each dollar that is spent on other purchases. New cardholders receive 100,000 points when they spend $6,000 in the first six months on American Express' Platinum Card.

Chase Sapphire Reserve gives you 50,000 bonus points if you spend $4,000 within the first 3 months of your account opening.

Benefits: American Express Platinum card offers Uber VIP status and up to $200 in airline fees credit. It also includes a fee credit for Global Entry and TSA Precheck. Access to the Global Lounge Collection and Platinum Travel Service, Platinum Travel service, Hilton Honors Gold status and Marriott Bonvoy Gold Elite status.

Car rental loss and damage insurance is available. Concierge service is offered and protection against return problems. The Chase Sapphire Reserve will provide you with a $300 annual travel credit and a Global Entry or TSA Precheck credit. You'll also receive trip cancellation and interruption insurance.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

American Express Platinum Cards: Should you Get One?

If:

To receive the offer, you must meet certain spending requirements.
The annual fee is justified if you use enough travel perks.
The card is not intended to be used for balance transfers from other accounts.
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No late fees. Reduced interest charges. Pay off

American Express