Lisa Cahill, Credit Cards Moderator
@lisacahill
The best Platinum Card® benefits are baggage insurance and return protection. This card also offers extended warranty and purchase protection, which are more common perks across American Express cards.
The best Platinum Card® benefits:
- Baggage insurance*
- Return protection*
- Extended warranty*
- Purchase protection*
- Lowest hotel rates guarantee
- Instant card numbers
- Rental car insurance*
- Airport lounge access
- Air travel fees reimbursement
- Statement credits for eligible hotel bookings
In addition to these benefits, the Platinum Card® comes with a $895 annual fee and offers rewards on all purchases. If you have good credit, the Platinum Card® is certainly a card to consider adding to your wallet.
*Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Car Rental Loss & Damage Insurance, Extended Warranty and Baggage Insurance Plan are underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
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People also ask
How much are American Express points worth?
American Express points are worth 0.72 cents each on average, though the exact value depends on how you choose to redeem them. For example, points from American Express are worth up to 0.81 cents each when used for travel through the Membership Rewards® Program, and they are worth 0.6 cents each when redeemed for cash back.
American Express Points Value by Redemption Method
| Redemption Method | Average Point Value ... | Value of 1,000 Points |
How much income do you need for the American Express Platinum Card®?
American Express has not publicly disclosed the income needed for the American Express Platinum Card®, but you must have a steady source of income to get this card. You need to demonstrate the ability to pay the card’s $895 annual fee and the entire balance in full, when applicable.
Other Platinum Card® Approval Requirements
It is worth noting that you typically need at least good credit to be eligible for this card. If you don’t know where...
read full answer by Joseph Bulebush, WalletHub AnalystWhats the easiest American Express card to get?
The easiest American Express cards to get approved for are those that require a minimum of good credit for approval as opposed to excellent credit only. The Blue Cash Everyday® Card from American Express and the Delta SkyMiles® Blue American Express Card are two of the easiest Amex cards to get approved for because they only require good credit.
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While the best American Express credit cards aren’t that easy to obtain, there are several credit cards from other issuers that...
read full answer by Sarah Bilkins, WalletHub Credit Card AnalystDid we answer your question?
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