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This card is the most rewarding for travel, with 5x on flights booked directly with the airline or through Amex Travel (on up to $500,000 on these purchases each calendar year) and 5x on hotels booked through Amex Travel. Although Amex has added new Platinum perks and raised the card's annual fee, they aren't eliminating or changing the card's existing benefits. Earlier this summer, the Amex Platinum's annual fee went from an already high $550 (see rates and fees) to an even more expensive $695 (see rates and fees). That may give current and prospective cardholders pause since the card has been at $550 for only four years, coming up from $450 in 2017. The Amex Platinum's $695 annual fee is steep, but the various annual credits can recoup the entire cost (and more), even before considering the card's other perks.
American Express Launches a Limited-Time Offer on the Business Platinum—Here’s who should apply
The Card Member may bring up to two companions into the club as complimentary guests per visit. Card Members and his or her guests will receive all of the complimentary benefits and amenities afforded to the Airspace Lounge customers, as well as access to purchase non-complimentary items. If you dedicate a large chunk of your budget to travel and don’t settle for anything less than luxury, this is the right card for you.
Welcome Bonuses
To get the most value for your hefty annual fee, you'll want to make use of the card's extensive list of perks. If you value things like Centurion Lounge access, complimentary elite status with Hilton and Marriott, and extras like the annual airline fee credit, it could very well be worth paying the $695 to hold this card. But if you don't travel very often and don't think you'll be able to put the card's many benefits to use, you'll likely be better off with another of the best rewards cards—some of which have annual fees under $100.
Airline Reward Programs
These targeted offers can come via email or through the mail, or you may be able to find pre-qualified offers on the Amex website. These offers are personalized based on factors including your credit history and credit score. You can increase your chances of receiving one by opting in to Amex’s email and direct mail offers, though you can also explore our CardMatch tool to compare the offers that may be available to you.
Design Hotels in Mexico
NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card.
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Travelers can often get outsized value for their points by taking advantage of the transfer options, and NerdWallet values Membership Rewards as much as 2 cents each when redeemed this way. For rates and fees of The Platinum Card® from American Express, please click here. You can follow this checklist of things to do when you receive your Amex Platinum card so you don't miss out on perks. Cardholders can also get an extended warranty on eligible items when they use their Amex Platinum Card to pay — up to one additional year added to eligible U.S. manufacturer's warranties of five years or less. There aren't a ton of perks with this, and it's available only in some cities, but you'll only be connected to drivers with at least a 4.8-star rating. If you travel regularly or live close to a city, this is an easy perk to get value from.
How much are 150,000 Membership Rewards Points worth?
Additionally, you acknowledge and agree that American Express will verify your Card account number and provide updated Card account information to Priority Pass. Priority Pass will use this information to fulfill on the Priority Pass Select program and may use this information for marketing related to the program. Once enrolled, Platinum Card® Card Members whose Card account is not cancelled may access participating Priority Pass Select lounges by presenting your Priority Pass Select card and airline boarding pass. In some lounges, Priority Pass Select member must be 21 years of age to enter without a parent or guardian. Priority Pass Select members must adhere to all house rules of participating lounges. Conference rooms, where available, may be reserved for a nominal fee.
The Platinum Card® from American Express: Basics
The Amex Platinum Card comes with a welcome offer of 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new card in your first six months of card membership. Based on our rewards program valuations, the current welcome bonus is worth about $1,440, which alone makes up for more than two years of the annual fee. But while sticker shock is real, there is more to a card than its annual fee. To date, the card's numerous credits, access to airport lounges, hotel elite status, and other perks have helped cardmembers squeeze value from it.
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Card Members may be responsible for the costs charged by third-party service providers. When you're traveling more than 100 miles from home, Premium Global Assist can coordinate help on a select range of issues, including medical and legal. Get tickets to see some of your favorite artists, learn from experts, or unlock exclusive behind-the-scenes content—all from the comfort of your couch. With Preferred Access, you have access to premium seats for select cultural and sporting events, based on availability. RSVP to tailored events and specially curated experiences through By Invitation Only®.
If the cost of Wi Fi is included in a mandatory property fee, a daily credit of that amount will be applied at check out. Benefits are applied per room, per stay (with a three room limit per stay). Benefits cannot be redeemed for cash and are not combinable with other offers unless indicated. Any credits applicable are applied at check out in USD or the local currency equivalent.
Even if you can use just a handful of these perks, it's easy to cover most (or all) of the Amex Platinum's annual fee. The recommended credit score for this card is above 690 and it ranks as one of the best travel cards, but that doesn't mean it's right for every traveler. Stay connected with the latest travel, aviation, and credit card news. Existing Card Members can request to change their current card design by logging into their American Express account or calling the number on the back of the Card.
Specifically, the Disney Bundle Duo is $19.99 a month, so I basically just pay taxes for my subscription once my credits kick in. 2Through 2022, statement credits through this benefit will be provided on a monthly basis of up to $25 back per month. Starting in 2023, statement credits through this benefit will be provided on an annual basis of up to $300 per year. Fine Hotels and Resorts bookings include perks such as free breakfast, guaranteed late checkout, room upgrades and early check-in when available, and a welcome amenity or credit unique to each property.
The Amex EveryDay® Preferred Credit Card is a better option for Amex Platinum credit card holders seeking a card that earns elevated U.S. supermarket rewards at a relatively low annual fee. The card’s $95 annual fee is more reasonable than the Amex Gold’s $250 fee, albeit the EveryDay Preferred offers no statement credits. Cardholders earn 3X points on the first $6,000 spent at U.S. supermarkets per year (then 1X), 2X points at U.S. gas stations and 1X points on other purchases. This card has an unusual payment structure due to its history as a charge card. Unlike traditional credit cards, charge cards don't let you carry a balance and require instead that pay your bill in full every month.
While it's unlikely the card will ever fully shed its decades-long roots in travel, Amex now hopes to play a role at the top of your wallet whether you are at home or away. This premium fitness center has more than 300 locations — but they're primarily in major cities and membership isn't cheap. Let's take a closer look at each new credit — and whether they are worth it for you. Together, these new and existing perks are worth north of $1,800 at retail value. In addition to its existing premium Centurion Lounges, Amex will update and cobrand Escape Lounges in airports across the U.S. as Centurion Studios. American Express International Lounge locations will also be converted into Centurion Lounges.
Getting over 100,000 points for a welcome offer on the Business Platinum is an excellent value; however, since this is one of the highest historical spending requirements on this card, more work is required to earn it. Signing up for this offer could make even more sense if you travel frequently, as you can get exceptional value by paying with points for all or part of an eligible flight booked through American Express Travel. Enrollment may be required for select American Express benefits and offers. Claire is a senior editor at Newsweek focused on credit cards, loans and banking. Her top priority is providing unbiased, in-depth personal finance content to ensure readers are well-equipped with knowledge when making financial decisions. Cardholders can get up to $50 in statement credit towards Saks Fifth Avenue purchases twice a year (from January to June, then from July through December).
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