The American Express Platinum Card has one of the highest annual fees in the credit card industry, and I thought it’s time to clear the air about this card. No doubt that this card is a premium rewards card by American Express for big spenders who like exceptional rewards and one-of-a-kind travel privileges. But are the perks worth the fee?
I’ll tell you in this review why people think it is such a prestigious card, and whether I think it’s worth its annual fee. Read on if you are a discerning individual with a taste for luxury and exclusive entertainment access, and want to know if the American Express Platinum Card is the card for you.
Things We Like About This Card
Earn 25,000 Membership Reward® points when you spend at least $2,000 in your first three months of having this card. Important note: Make sure you are enrolled in the Membership Rewards program at the time of purchase.
Enjoy Amazon Prime for one year when you sign up for a new membership and spend $2,000 within the first 3 months. You can receive a statement credit of $79 plus applicable taxes for the initial annual membership fee of a new Amazon Prime membership if you sign up for and use your Platinum card to purchase Prime at the following website: amazon.com/amexplatinumprimeoffer. Amazon Prime allows you to benefit from free two-day unlimited shipping from Amazon.com. Do note that Amazon Student, Amazon Mom, and other promotional or discounted Prime memberships are not eligible for this offer. Any trial membership must be upgraded to a paid membership for you to be eligible to receive the statement credit.
Receive up to $200 Airline Fee Credit annually. You must first enroll and choose a qualifying airline at www.americanexpress.com/airlinechoice. Incidental air travel fees must be charged to your enrolled card account for the benefit to apply. These can be baggage fees, flight-change fees, in-flight food and drinks and airport lounge day pass. Airline tickets, upgrades, mileage points purchases, mileage points transfer fees, gift cards, duty free purchases, and award tickets are not considered to be incidental fees.
Receive a discounted companion ticket each time you purchase a qualifying Business Class or First Class international ticket with your card in over 25 participating airlines. You must purchase the ticket through Platinum Travel Service, Business Platinum Travel, Centurion Travel Service or any American Express Travel office and pay in full with your Platinum card. Non-refundable American Express service fee of $39 (per ticket) applies to your full-fare ticket, the companion ticket and each additional ticket purchase and itinerary change
For every $1 you spend, earn 1 or 2 points. You get 1 point for every $1 you spend on virtually all purchases on your charge card. You will receive 2 points for every $1 you spend when booking trips through the online American Express travel services website.
Redeem your points to pay for incredible rewards ranging from travel, shopping, dining to entertainment. If you are missing some points and you can’t wait to redeem a certain reward, you can buy extra points or advance them.
There is no point limit and points never expire. This means you can keep on earning as many points as you like, without the pressure of having to use them right away. Accumulate as many points as you like and then redeem for any reward whenever it’s convenient for you.
Airport Club Access and Priority Pass Select. These two complimentary programs give you access to more than 600 domestic and international lounges including the Delta Sky Club and the CenturionSM lounges. However, you must first enroll in the Priority Pass Select Program. With this access, you don’t even need to fly first class in order to enjoy all that an airport club offers – plush sofas, complimentary food and drinks, upscale washrooms, internet, and more. This is the thing I find valuable about this card. Take note that you will be automatically charged $27 per guest to your card after you have signed for the visit and it has been reported to Priority Pass by the participating lounge.
Concierge service and Premium Access. You will have a 24-hour concierge service which you can call upon to make reservations at exquisite 5-star restaurants, arrange events or recommend gifts. You also get Premium Access, meaning you can get advanced tickets and preferred seating to theater, concerts, sporting and family events.
Travel accident insurance. If you travel a lot, you might feel safer knowing that you have travel accident insurance for accidental death or dismemberment. You will also enjoy roadside assistance, baggage insurance and more.
Automatic car rental loss and damage insurance. When you charge your car rental to your card, you will be covered with this insurance at no extra charge.
Special benefits at luxury hotels and resorts. When you stay at any of the 700+ boutique, resort and luxury hotels around the world, you will receive special benefits such as upgrades, late check-out and many more.
No-worries shopping (Purchase Protection, Return Protection, Extended Warranty). When you buy stuff with this card, you will not have to worry at all, for example if you accidentally break something you have bought, this card may pay it for you. If you bought something from the store, then had a change of mind, and the store won’t take it back, American Express may refund you. This card will also extend your warranty up to one more year to those purchases that have a 5 year or shorter warranty.
Other advantages. With this Platinum card, you will also receive many more privileges, especially luxury and exclusive advantages such as the Annual Travel Benefit which gives you a statement credit of $100 every year when you book a cruise or vacation of $3,000 or more through the American Express Travel Services website.
Our Least Favorite Things About This Card
One of the highest annual fees. This charge card has one of the highest fees in the market of $450 a year. Yes it’s a very steep annual fee but luxury always comes at a price. The American Express Platinum Card is a luxury travel card and it does come with many exclusive privileges that can pay for itself many times over if you make full use of this card.
With an annual fee of $450, the American Express Platinum Card is associated with luxury and prestige. This card comes with one-of-a-kind travel privileges such as complimentary access to selected airport clubs around the world, exclusive concierge services, hotel upgrades and benefits when staying at any of the 700+ boutique, resort and luxury hotels around the world, and many more. Plus, you can receive 25,000 points when you spend at least $2,000 during the first 3 months of having the card, which can be redeemed toward 1 US domestic economy class round-trip air ticket!
You may have noticed that this card does not have an APR. That is because this is a charge card, not a credit card, and therefore you pay no interest charges. Since it is a charge card, you have to pay off your balance in full every month, and that is a convenient way to avoid debt.
The American Express Platinum Card has many exclusive benefits and luxury rewards. If you are going to spend a few thousand dollars with it every month and are a frequent traveler, it will be worth getting the card as the privileges will easily outweigh the annual fee. Apply online and get a decision in 60 seconds. Terms and limitations apply.
Click here to go to the official American Express website to apply online for Platinum Card from American Express now.