The American Express Platinum card offers new designs and lifestyle experiences such as access to the Global Lounge Collection, digital entertainment credit, access to exclusive events, and many other perks.
Here’s what the American Express Platinum card currently offers:
Initial Bonus: The American Express Platinum card offers 80,000 points for spending $6,000 in the first 6 months.
Rewards: 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.
New designs: The American Express Platinum card now offers two new card design options. Both new and existing cardholders can choose a floral or abstract theme from world-renowned artists.
Third-party deals: The American Express Platinum card offers credit statement for several lifestyle and travel partners. It includes Departures, Uber, CLEAR and many more.
Digital Entertainment Credit: Get a credit statement each month when you use your American Express Platinum card to pay your subscription for one or more of the following: Peacock, Audible, SiriusXM, and The New York Times (enrollment required).
Hotel Credit: Receive a credit statement each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings with Amex Travel when you pay with your American Express Platinum card (requires a minimum two-night stay).
Airline Fee Credit: Get a credit statement each year when incidental fees, such as checked bags and in-flight refreshments, are charged by one select qualifying airline to your American Express Platinum card.
Centurion Lounge Access: You will have access to over 1,400 airport lounges through the Amex Global Lounge Collection
Event Access: As a American Express Platinum card member, you have access to exclusive local events, virtual experiences, and the latest content from partners in music, theater, sports and more.
Travel insurance: American Express Platinum card cardholders receive various types of insurance benefits.
Other benefits: Hilton Honors Gold and Marriott Bonvoy Gold Elite status with no spending thresholds to enrolled cardholders; American Express Platinum card concierge, 0% foreign transaction fees, and more.
All these perks make up for the $695 annual fee. The American Express Platinum card is worth it if you use all of its many benefits every year. If you’re a high-spender with at least good credit who travels frequently, this card could be for you. If you can’t take advantage of its travel-focused perks, you’ll end up overpaying.
Yes, Amex Platinum is worth it for travelers with good credit who spend a lot and can take advantage of the card’s benefits. Amex Platinum benefits include a TSA PreCheck or Global Entry fee credit, airport lounge access, up to $200 in Uber credits per year and up to $200 in airline fee credits annually, and more. The card’s initial bonus of 80,000 points after you spend $6,000 in the first 6 months also goes a long way toward making the card worth its $695 annual fee.… read full answer
For the first year alone, you could wind up with at least $1,600 in net value (rewards and other perks, minus the $695 annual fee). The American Express Platinum card’s second year will have the same annual fee, but the total value of your benefits in year two would only be about $800 if you spent the same amount on the card as year one, according to WalletHub's research.
To really make money with this card after the first year, you’d have to spend a lot more. That said, many of the card’s perks are ongoing. You’ll benefit more if your purchases qualify for Amex Platinum’s ongoing bonus rewards rates, and if you utilize Amex Platinum’s complimentary Gold status in the Marriott Bonvoy and Hilton Honors hotel loyalty programs (enrollment required).
All in all, Amex Platinum is a good card for big spenders who travel all the time and can wring every drop of value out of its benefits. But it’s far too expensive for light spenders and occasional travelers.
Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have good or excellent credit and make a lot of money, you have a good shot. And if you are able to take advantage of the card’s substantial rewards and benefits, American Express Platinum can be worth owning.… read full answer
American Express Platinum card isn’t the hardest Amex card to get, though. Its requirements are far more lenient than those of the Centurion® Card from American Express. It is an invitation-only card that reportedly requires you to spend hundreds of thousands of dollars per year on another Amex card and have a 7 figure annual income to qualify.
American Express Platinum does not offer priority boarding. Priority boarding is a benefit that allows cardholders to get to their seat sooner than general boarding groups. The only American Express cards that offer priority boarding are Delta SkyMiles Platinum, SkyMiles Gold, and SkyMiles Reserve. The priority boarding status will be noted on your boarding pass if the ticket was purchased with an eligible SkyMiles card. The benefit is valid only for flights on Delta and Delta-affiliated airlines.… read full answer
While you can’t get priority boarding with Amex Platinum, the card offers numerous other airline-friendly perks. Those include 5 points per $1 spent on airfare booked directly with the airline or through the Amex Travel website, an annual $200 airline fee credit, and complimentary lounge access at more than 1,200 locations worldwide.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.