There is one special American Express Platinum card military perk; the $695 annual fee is waived. That benefit applies to spouses, too. There’s one catch, though. You need to have “active duty” status, so veterans can’t get this benefit.
Here’s who qualifies for the American Express Platinum card military benefit:
Army, Navy, Air Force, Marine Corps and Coast Guard members on active duty
Reserve, National Guard and Air National Guard members called to active duty
National Guard members on duty for 30+ days for a national emergency
Public Health Service (PHS) and National Oceanic and Atmospheric Administration (NOAA) Commissioned Officers
U.S. citizens actively serving with U.S. allies
Spouses of all of the above
If you qualify for this perk, you should definitely take advantage of it, as you’ll save yourself a lot of money every year. But you need to request it in order to get it, since American Express doesn’t automatically know your military status.
Here’s how to request your American Express Platinum card military benefit:
Online:Log in into your American Express account. Submit any required documents, like proof of orders for active duty, at the document center. American Express says this is the fastest method.
Phone: Call the number on the back of your card. Once you get to an American Express representative, tell them you’d like to request your active duty benefit. They’ll ask you for the necessary info.
Fax: Send your active duty documents, along with your account number, to (623) 444-3000.
Mail: Send a copy of your active duty documents, along with your account number, to:
Attn: Servicemembers Civil Relief Act
PO Box 981535
El Paso, TX 79998-1535
Once you send in your request, it’s possible that American Express will ask for more documents. Otherwise, you’ll get an official response, approving or denying your request, within 60 days of Amex receiving it. Thank you for your service!
Clarification - it seems that the fee waiver no longer applies to officers of the PHS and NOAA. If you request the card while in active duty status, SCRA does not apply and the MLA data base does not include PHS or NOAA officers. Sad, but apparently true.
You do get your annual fee waived, but I think that's about it. There are other issuers that roll out better stuff (like NFCU and USAA), so I'd argue see the Platinum as a good card on its own, not through the military perspective.
The American Express Platinum card credit score requirement isn’t the only thing that determines whether you’ll be approved, though. Your credit history, income and any debt you’re carrying will also play a role in your approval odds. In fact, reports around the internet suggest you can get approved with slightly lower credit score if you have high enough income.… read full answer
To gauge your odds of approval, you can also check to see whether you pre-qualify for American Express Platinum card offers. Unlike an actual application, pre-qualification is only based on a soft inquiry on your credit report, and does not affect your credit score. Just keep in mind that while pre-qualification indicates good odds of approval, it does not guarantee it.
If you don’t meet the American Express Platinum card credit score requirement, there are plenty of other credit cards you can get. They likely won’t be from American Express, though, since Amex cards require good or excellent credit. The best credit cards for fair credit also have rewards that fit various spending habits. Once you get a credit card, be sure to make all of your payments on time, and try to keep your credit utilization below 30%. This will help raise your credit score so you can get approved for a card like American Express Platinum card in the future.
Here’s how to get the American Express Platinum card annual fee waived:
Call the retention line: … read full answerYou can ask Amex to waive the annual fee by calling (800) 452-3945. However, it’s important to understand that this approach may not be successful. American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card’s $695 annual fee. Retention offers traditionally include statement credits, bonus points or spending bonuses. But make sure your account is in good standing before calling.
Apply for the Amex financial relief program: If you’re having difficulty paying your annual fee due to unforeseen financial difficulty, apply for the financial relief program online or call Amex at (866) 703-4169. You could potentially have your annual fee waived. Or you might receive other assistance such as lower monthly payments or lower interest rates. If you decide to enroll in a financial relief program, though, your spending ability will likely be greatly reduced for the duration. Your credit score may be impacted by the reduction in credit limit. And if you don’t comply with the terms of the program, that will appear as a negative on your credit report.
Other options: You might be able to get your American Express Platinum card annual fee waived if you’re an active member in the military. Downgrading to an American Express card with a lower annual fee is also an option.
However, if you don’t end up getting the $695 annual fee waived, you should consider keeping the card for its rewards. With the American Express Platinum card, you’ll earn 5 points per $1 on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 on all other purchases.
If you spend a lot on these categories, the rewards you’ll get will more than make up for the cost. But if you can’t take advantage of its travel-focused perks, you’ll end up overpaying.
Many credit cards waive the annual fee for military members, including certain cards from American Express, Chase, and Capital One. The most notable credit cards that waive annual fees for military personnel are Chase Sapphire Reserve® and the Capital One Venture X Rewards Credit Card. Both cards normally have a high annual fee, but active military personnel do not have to pay it. The Chase Sapphire Reserve and Capital One Venture X cards are therefore great offers for military members, since the luxury perks on these cards can be enjoyed at no cost.… read full answer
However, it is worth noting that Capital One will only waive the annual fee for Capital One Venture X if the account was open before active-duty service started.
Credit Cards that Waive Annual Fees for Military Members
Card issuers are required to give some benefits to military members with SCRA-eligible accounts. Yet many credit card companies go above and beyond these requirements by waiving annual fees. In particular, American Express, Capital One, and Chase are among the best credit card issuers for active military members because they offer some high-end cards that military personnel can take advantage of without the price tag.
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