As a charge card, the Platinum Card doesn’t come with any preset spending limits or regular interest charges. Instead, it requires cardholders to pay their balances in full each month.
New applicants can earn 60,000 Membership Rewards points after you use your new card to make $5,000 in purchases in your first 3 months.
Cardholders earn 5X Membership Rewards points on flights booked directly with airlines or with American Express Travel. Also earn 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
Receive excellent earning power on travel purchases made directly with merchants and/or through the American Express Travel portal. If you’re an avid traveler and you can get value out of its sizable annual fee, see if this card is the perfect match for your needs.
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The Platinum Card from American Express Summary
|With the The Platinum Card® from American Express:
-Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
-Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
-5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
-5X Membership Rewards points on prepaid hotels booked on amextravel.com.
-Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
-Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
-$200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
-Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
-$550 annual fee.
-See Rates & Fees
Earn 5X Points on Flights & Hotels Booked On Amex Travel
Amex Platinum Card holders receive 5X points on all airfare purchased directly with the airlines or with American Express Travel. This is one of the highest airfare bonuses on any card on the market. Plus, it’s an excellent way to earn many Membership Rewards points. Thus, if you book a lot of airline tickets, consider this card for that reason.
Cardholders can also earn 5X points on hotel reservations made through the Amex Travel portal. They must be prepaid bookings, which usually means they’re noncancelable. If your travel plans change often, this may benefit you less compared to the 5X on airfare.
Nonetheless, if you’re willing to restrict your bookings and reservations on the Amex Travel portal, you can potentially rack up tons of points depending on what travel you do.
Redeem points for merchandise, transportation, travel, gift cards, and statement credits at American Express’s Membership Rewards portal.
Points are generally worth $0.005 to $0.01 at redemption, depending on the method. Cash-like redemptions, such as statement credits, have lower point values, while merchandise redemptions have higher values. The best way to get the most value out of your points is to redeem for travel.
When you redeem your points for travel, Membership Rewards points are one of the most flexible loyalty currencies you can use thanks to American Express’ multiple airline and hotel transfer partners. Airline transfer partners include the major airline alliances — SkyTeam, Star Alliance and Oneworld. Transferring your points to the right airline program is the best way to maximize the value of your points.
Hilton Honors Gold Status
Automatically enjoy Hilton Honors Gold Status as an Amex Platinum Card member. Just make sure your account remains open and is in good standing. Gold status boosts your point earnings on Hilton and partner property stays by 80%, elite tier rollover nights, complementary breakfast, unlimited milestone access, and a 5th night free on stays of 5 nights or longer.
Starwood Preferred Guest Gold Status
You can also upgrade to Starwood Preferred Guest Gold Status with no spend or stay requirement. Gold status includes 25% bonus on base points earned, enhanced in-room internet access, enhanced room upgrades (when available), 2 p.m. late checkout, and a points welcome gift.
If you spend a lot on airfare and lounge access, The Platinum Card® from American Express is hard to beat. Cardholders can enjoy up to $200 in Uber credits each year, an $200 annual airline fee credit, access to over 1,000 airport lounges worldwide through the American Express Global Lounge Collection, up to $100 toward your TSA Precheck or Global Entry program application, and much more.
While the $550 annual fee is steep, if you get value out of the various annual credits and you use the lounges, it’s a solid card to have. Regular travelers who don’t mind spending money for quality and love being rewarded for doing so, this card may be a perfect fit for your wallet.
However, if you’re an occasional traveler who flies economy and stays at budget hotels, the Amex Platinum Card isn’t going to be of much benefit to you. See our list of credit card promotions to find a better one that suits your budget!
Learn more about this card and its features here.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.