Adam McCann, Financial Writer
@adam_mcan
The Platinum Card® is a luxury card with a lot of premium benefits for big spenders, including airport lounge access, gold status at major hotels, and hundreds of dollars in statement credits each year. The Platinum Card® also comes with a luxury price tag of $895 per year.
That’s a lot of money to spend on a card, but it can be well worth it for the luxurious benefits you get in return. Just bear in mind that this card is only available to those with at least good credit.
Reasons Why the Platinum Card® Is a Luxury Card
- Initial bonus: You may be eligible for as high as 175,000 points for spending $8,000 on eligible purchases within the first 6 months (welcome offers vary and you may not be eligible for an offer; apply and, if approved, find out your offer amount and accept the card with your offer, spend $8,000 in 6 months, and receive the points)
- Ongoing rewards: 5 points per $1 spent 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 with American Express Travel®, and 1 point per $1 spent on all other eligible purchases
- Credit recommended: At least good credit
- Annual fee: $895
- The Global Lounge Collection®: Complimentary access to 1,550+ airport lounge locations worldwide (terms and limitations apply, depending on the lounge)
- Airline fee credit: Up to $200 per year for one qualifying airline you select, when enrolled
- Uber Cash: Up to $200 per year ($15 in Uber Cash each month, plus a bonus $20 in December) after adding the card to the Uber account and selecting it for your transaction.
- Luxury hotel credits: $600 per year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through Amex Travel (up to $300 semi-annually, with a minimum two-night stay for The Hotel Collection)
- Walmart+ credit: Up to $12.95 plus taxes per month, when you use your card to pay for a monthly Walmart+ membership
- Equinox credit: Up to $300 per year for an Equinox+ digital fitness app membership or eligible Equinox club membership (enrollment required)
- CLEAR credit: Up to $209 per year for CLEAR® Plus membership (gets you faster airport/stadium security screening)
- Hotel “Gold” status: Complimentary Hilton Honors Gold status and Marriott Bonvoy® Gold Elite status (enrollment required)
- Made of metal: This card is sturdier and looks fancier than a traditional plastic card
- Supplemental insurance: Various types of travel insurance, plus purchase protection* and extended warranties* on items bought with this card
American Express Platinum Card® is packed with benefits that make it a luxury card well worth its price for people who are big spenders. You can learn more from WalletHub’s full Platinum Card® review.
*Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
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People also ask
Is it hard to get the American Express Platinum Card®?
It may be hard to get the Platinum Card® because you need a good to excellent credit score and a high income to be eligible for this card. Approval is never guaranteed, though.
What Makes the Platinum Card® Hard to Get?
You Will Need Good to Excellent Credit
You’ll need a good credit score or better to have a shot at getting approved for the Platinum Card®. American Express will also review your payment history...
read full answer by Chip Lupo, Credit Card WriterWhats so special about American Express Platinum Card®?
The Platinum Card® is special because it is a premium metal card that offers big-spenders elite perks. Benefits include airport lounge access, annual travel credits, 24/7 concierge service, and more. Plus, you can earn 1 - 5 points per $1 spent on purchases.
What Makes Platinum Card® So Special
- Travel benefits: Airport lounge access, annual travel credits, Global Entry/TSA PreCheck® credit, hotel elite status, and more. Enrollment is required for some of these benefits.
- Rewards program: 5 points per $1 spent 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 with American Express Travel®, and 1 point per $1 spent on all other eligible purchases. The rewards...
Whats the most prestigious American Express card?
The most prestigious American Express card is the Centurion® Card from American Express. You need an invitation to get it and an income of at least $250,000 a year to merit consideration, according to online reports. Note that Amex doesn’t disclose the requirements for this card.
The Centurion® Card from American Express also has a $10,000 initiation fee and a $5,000 annual fee. Cardholders get access to Centurion Lounges, hotel benefits, a personal concierge, and more. They also earn 1 point per $1 spent on all purchases.
Here’s another...
read full answer by Sally Jones, MemberDid we answer your question?
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