The Platinum Card® from American Express
Review: The Platinum Card® from American Express
- Nice initial bonus. The American Express Platinum Card gives you 60,000 bonus points for spending at least $5,000 within three months of account opening, which are worth about $510 on average, according to WalletHub research. That’s very good, representing roughly five times as much value as the average initial bonus.
- Naughty annual fee. The Amex Platinum Card’s main claim to fame, aside from its luxurious travel rewards, is a whopping $550 annual fee. That alone will turn a lot of people off, but frequent travelers can definitely still get their money’s worth from the card’s rewards and other perks.
- Solid travel rewards, with some limitations Amex Platinum gives you 5 points per $1 spent on airfare, as long as you book directly with the airline or through American Express. You’ll also get 5 points per $1 spent on prepaid hotel reservations booked through Amex. That equates to about 4.25% cash back, which is great compared to the 1.06% you’d earn with the average cash rewards card. But that’s not the real star of the Amex Platinum rewards show. You also get $200 per year in statement credits for baggage fees and other airline incidentals (with one qualifying airline) as well as $200 in annual Uber credits. And the main event for many is the access the Platinum Amex provides to 1,000+ airport lounges worldwide, including the Amex Centurion Lounge network. But remember, such perks are only good if you use them.
- Automatic hotel status. As an American Express Platinum Card user, you will be able to join Hilton's and Marriott’s loyalty rewards programs as a Gold member without meeting any of the standard spending requirements. This gives you access to perks such as complimentary room upgrades and enables you to earn free nights faster. For more information about these loyalty programs, check out WalletHub’s Hilton and Marriott rewards program reviews.
- You have to pay in full. American Express Platinum is a charge card, which means you must pay your monthly bill in full if you want to continue making purchases — unless certain charges qualify for the “Pay Over Time” feature, which allows you to carry an interest-accruing balance. So you’ll need to find another card for big-ticket purchases.
- No go without good credit or better. The American Express Platinum Credit Card requires good or excellent credit for approval, so make sure to check your credit score for free on WalletHub before applying.
Sep 27, 2019
The Platinum Card® from American Express' Rewards
- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
- Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
- Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
- Terms Apply.
The Platinum Card® from American Express' Key Fees
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ANNUAL FEE
$550
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FOREIGN TRANSACTION
FEE
0%
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LATE FEE
$39
The Platinum Card® from American Express' Additional Info
- $550 annual fee.
- This American Express Card has no preset spending limit, giving you purchasing power that adjusts with your use of the card.
- No preset spending limit does not mean unlimited spending. Your purchases are approved based on a variety of factors including spending patterns, your payment history, your credit history, and financial resources known to us.
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Customer Questions and Answers
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How do you get the Amex Platinum airline credit? Reply 11
The Amex Platinum airline credit pays you back for up to $200 in fees from one airline every year. This credit applies to fees charged for things like checked baggage, date changes, pet travel, in-flight purchases and more. To get the Amex Platinum airline credit, you just have to tell American Express which airline you want the credit to apply to. Then, Amex will automatically reimburse you with statement credits after that airline charges fees to your card. To choose your airline, simply log in to your Amex account here.
Here’s how the Amex Platinum airline credit works:
- Amex automatically gives you $200 per year for fees from one specific airline.
- You can choose your preferred airline by logging in to your account on Amex’s airline choice page and selecting from the dropdown menu.
- You can select your preferred airline at any time during the first year your account is open. But you can’t change your pick whenever you want. You can only make a change from January 1 to January 31 each year. Otherwise, Amex will use the same airline you picked previously.
- Unused Amex Platinum airline credits do not roll over from year to year. You get no more than $200 each year.
- The Amex Platinum airline credit covers fees for: baggage, date changes, bringing pets, picking your seat ahead of time, reservations by phone, in-flight purchases (food, drinks, entertainment), and extra guest passes for airport lounges.
- The Platinum Card’s airline credit does not apply to: airfare, services provided by third parties (e.g. Wi-Fi), gift cards (officially; some people say it works), fees for transferring points, using a travel agent, duty-free purchases or insurance.
With the Amex Platinum airline credit, you don’t need to worry about $200 in fees that you’d normally have to pay out of pocket each year. And aside from designating which airline you want the credit for, you don’t have to do anything to redeem.
Your first $200 in eligible charges each year will automatically be taken care of. Your transaction history will show “AMEX Airline Fee Reimbursement,” with the dollar amount Amex subtracted from your balance.
How does Amex Platinum car rental insurance work? Reply 1
Amex Platinum car rental insurance covers cardholders for up to $75,000 in collision damage and theft for vehicles rented with the Amex Platinum credit card or American Express rewards points. To get Amex Platinum car rental insurance coverage, you must decline the rental agency’s supplemental insurance policy. To make a Platinum Card rental car insurance claim, call 1-800-338-1670 within 30 days of a covered incident.
There are a few exceptions you should be aware of, though. And there are more details about the process you’ll need to follow to actually get your money. You can find the key points below.
Amex Platinum Car Rental Insurance Info:
- You’re covered up to $75,000 per claim for collision damage or theft.
- You must pay for the entire rental with your Amex Platinum card or rewards points.
- You must decline the rental agency’s insurance policy.
- The following types of vehicles are not covered by Amex Platinum rental car insurance: Cargo vans, vans that carry 9+ people, box trucks, trucks that weight 10k+ lbs., modified vehicles (except for handicapped accessibility), antiques, limos, off-road vehicles, motorcycles/motorbikes/mopeds, RVs, golf carts, and a few others.
- The following situations and types of damage are not covered by Amex Platinum rental insurance: Manufacturing defects, wear and tear, damage from illegal activities, accidents caused by driver’s intoxication, seizure by authorities, damage by war, and a few others.
- To make an Amex Platinum rental car insurance claim, call 1-800-338-1670 within 30 days of the incident. You can also call 1-216-617-2500 collect from abroad. Amex will then mail you instructions for what to do next. You’ll have 60 days to return any proof they request, which may include damage estimates, police reports, etc.
Amex Platinum rental car insurance will reimburse you within 90 days of American Express receiving your proof of the incident. Before you rent a car with your Amex Platinum card, you should take some time to read through the benefits guide. It will give you the full information.
How does the Amex Platinum Priority Pass work? Reply 1
The Amex Platinum Priority Pass benefit gives you access to more than 1,000 airport lounges around the world. It’s a $399-per-year value. Plus, Priority Pass is just one of the six chains of airport lounges that Amex Platinum gives you access to for free. It also gets you into The Centurion® Lounge, International American Express Lounges, Delta SkyClub, Airspace and Escape Lounges. You can use the Amex lounge finder tool to see which lounges are in the airport you’re headed to.
Out of all the lounge programs you get access to with Amex Platinum, Priority Pass is special because it’s the only one that requires enrollment. You’ll need a membership card, not just Amex Platinum, to enter Priority Pass lounges.
Here’s how to get your Amex Platinum Priority Pass benefit:
- Use this link and log into your Amex account with your username and password.
- Follow the onscreen instructions to enroll.
- Wait for your card to arrive. It should take 10-14 business days.
If you don’t want to enroll online, you can do it by phone by calling the number on the back of your credit card. Once you receive your membership card in the mail, just show it at the entrance to any Priority Pass lounge and you’ll be admitted. You can bring in guests, too, although individual lounges can limit the number of people you’re allowed. Once inside, you’ll get to enjoy amenities like free food and beverages, Wifi, comfortable seating, and more.
What are the American Express Platinum credit score requirements? Reply 1
The American Express Platinum credit score requirement is 700 or higher because applicants need good credit or better to be approved. But your credit score isn’t the only thing that determines whether you’ll be approved for the American Express Platinum card. Your income and any debt you’re carrying will also play a role in your approval odds.
If you don’t meet the American Express Platinum credit score requirement, there are plenty of other credit cards you can get. They likely won’t be from American Express, though, since all Amex cards require good or excellent credit. Once you get a credit card, be sure to make all of your payments on time, and only use a portion of your available credit. This will help raise your credit score so you can get a card like American Express Platinum in the future.
What are the biggest American Express Platinum travel benefits? Reply 6
The biggest American Express Platinum travel benefits are a 60,000-mile initial bonus, complimentary Gold Status in the Hilton Honors and Starwood Preferred Guest loyalty programs, a $200 annual airline credit, and 5 points per $1 spent on flights and hotels booked through American Express Travel. There’s also a monthly Uber credit, no foreign transaction fee, baggage and travel insurance, and premium roadside assistance.
Amex Platinum is a charge card, which means you’ll have to pay the balance in full every month. Plus it has a $550 annual fee. So you need to make sure you’ll get your money’s worth from its travel perks before you apply.
Here is a rundown of the American Express Platinum travel benefits:
- Annual Airline Credit
$200 in credits per year for baggage fees, in-flight meals and other airline incidentals. You can’t use the credit for airfare, gift cards, upgrades, duty–free purchases or award tickets.
- Credits for Uber Rides
Up to$15 in credits for Uber rides each month, plus a bonus $20 in December ($35 total). The credits expire at the end of each month.
- Complimentary Hotel Status
Cardholders can join Hilton Honors and SPG as Gold-level members for free. Members get complimentary room upgrades and more opportunities to earn free nights.
- Initial Bonus Miles
60,000 bonus points when you spend $5,000 in your first three months. Points are redeemable for around $500 in travel-related purchases, merchandise or gift cards. Points do not expire as long as the account remains open.
- Reward Points for Travel Purchases
Earn 5 points for every $1 spent on travel purchases booked through AmexTravel.com. Earn 1 point for every $1 spent on all other purchases.
- Global Entry or TSA PreCheck Credit
Credit for the $100 Global Entry application fee or the $85 TSA PreCheck application fee, once every four years. Both services expedite re-entry into the U.S. when traveling abroad. Cardholder eligible for statement credit every four years.
- Baggage Insurance
Pays replacement costs for carry-on baggage, up to $3,000 per covered person per covered trip. Pays up to $2,000 for checked baggage.
- Car Rental Insurance
Covers eligible rental vehicles for up to 30 days against damage and theft up to a maximum of $50,000. Does not cover intoxicated/reckless driving, damage to other vehicles or injuries to people in other vehicles.
- Travel Accident Insurance
Covers you and your family for accidental death or dismemberment while traveling on a common carrier (plane, train, boat or bus), up to $100,000 per person.
- Premium Roadside Assistance
Gives free service to the cardholder 4 times annually. Includes towing up to 10 miles, winching, jump starts, tire changes if you have a spare, lockout service, and 2-gallon fuel delivery. You owe any extra cost for towing more than 10 miles or additional services.
Despite all of American Express Platinum’s travel perks, the $550 annual fee might still be too much. There are some other good options, fortunately. One is Chase Sapphire Preferred. You’ll earn 50,000 bonus points when you spend $4,000 in your first three months. That’s worth $625 when redeemed for travel. And the $95 annual fee is waived the first year.
The higher-end Sapphire Reserve Card is Platinum’s closest competitor. It shares most of the same features as Sapphire Preferred, but has an initial bonus worth $750 in travel. It also has a $300 annual travel credit and a $450 annual fee.
What are the eligible American Express Platinum hotels? Reply 3
There are more than 1,000 American Express Platinum hotels. American Express Platinum hotels are properties that belong to the 86 brands in Amex’s “Fine Hotels & Resorts” collection. Four Seasons, Hyatt, Ritz-Carlton and Waldorf Astoria are just a few of the available options.
Amex Platinum hotels give cardholders perks ranging from room upgrades to meal credits at no extra cost. You just need to book reservations through American Express using your Platinum card to benefit.
Here are the American Express Platinum hotel benefits:
- A free room upgrade, if available. (You still pay taxes/fees). The hotel will check for an upgrade when you arrive.
- Breakfast for two people each day.
- Check-in from noon onward, if available. This varies by location.
- Guaranteed late check-out until 4pm.
- Free Wi-Fi.
- One “unique amenity” ($100 minimum value). It varies by hotel but could be, for example, a credit for food and beverages or spa services.
To book your Fine Hotels & Resorts stay, just log into your American Express account here. Then, you can search for a hotel by the brand or destination. You can check for open rooms for the dates you want to travel. Once you complete your search, you’ll be able to see the cost and any special offers that are available (e.g. a complimentary fourth night stay). Once you book using your American Express Platinum card or rewards points, you’re all set.
It’s also useful to note that you can book pretty much any hotel with your American Express Platinum card. You’re not limited to booking Fine Hotels & Resorts. They just have added benefits.
How do I earn and redeem Amex Platinum points? Reply 1
Cardholders earn 5 Amex Platinum points per $1 spent on flights and hotels, plus 1 point per $1 on everything else. To qualify for Amex Platinum’s 5 points per $1 bonus rewards rate, flights must be booked through the airline or Amex, and hotels must be booked through Amex. Amex Platinum also has an initial bonus of 60,000 points for spending $5,000 in the first 3 months.
There are lots of different ways to redeem Amex Platinum points. You can use them to book travel through Amex, get gift cards or cash back, shop online, and even make charitable donations. Amex Platinum points are worth 0.6 cents to 1 cent each in most cases.
Here’s how to redeem Amex Platinum points:
- Book travel through Amex. Log in to your account via the Amex travel portal. Search for the transportation and accommodations you want to book. At the checkout, there will be an option to pay with points. Points are worth 1 cent each toward flights and 0.7 toward other travel costs.
- Transfer points. You can move your points to 18 airline and 3 hotel loyalty programs. To do so, log in to your Amex account here and choose your loyalty program. You must transfer in 1,000-point increments. Most programs, but not all, transfer at a 1:1 ratio.
- Get gift cards. Log in to Amex’s gift card reward page to make your selection. There are dozens to choose from, from restaurants and movie theaters to airlines and bookstores. Points are worth up to 1 cent each toward gift cards, but can be worth less for certain brands.
- Donate. You can make a tax-deductible charitable donation with your rewards points by logging in at Amex’s JustGiving page. Points are worth 0.7 cents each toward charity.
- Pay for Uber. If you connect your Amex Platinum card to your Uber account, you should see a “use points” option in your app.
- Amazon Shop with Points. If you connect your Amex card to your Amazon account, you can use their Shop with Points system to spend points on merchandise. But you’ll only get 0.7 cents per point using this method.
- Statement credit. You can use your points to pay for charges on your statement, at a rate of 0.6 cents per point, by logging in to your Amex account here.
There are a few other ways to spend Amex Platinum points. They’re worth 0.5 cents each toward Ticketmaster or AXS purchases and 0.7 cents each toward Rite Aid purchases, Bestbuy.com, Staples.com and a few other sites. Plus, you can use them at a rate of 1 cent each toward NYC Taxi rides.
Most people will probably spend the bulk of their points on travel, because this is a card marketed toward frequent travelers. But it’s nice to know there are lots of options. It’s best to redeem points often to minimize the chances that Amex devalues them by raising the amount you need for certain redemption options.
What is the Amex Platinum foreign transaction fee? Reply
The Amex Platinum foreign transaction fee is $0. The Platinum card is one of several American Express cards with no foreign transaction fees. The American Express cards that have foreign transaction fees charge 2.7% of any transaction made outside the U.S. Amex Platinum has a hefty $550 annual fee, so its $0 foreign transaction fee is a welcome break.
Are the American Express Platinum travel perks worth it? The annual fee just seems like so much. Reply 2
The Platinum Card® from American Express Reviews
Share your insights and review the The Platinum Card® from American Express.
Lounge access is supposedly one of the major benefits, right? Check out the reviews of Priority Pass lounges with an average of 1-2 stars. Priority Pass is a sneaky setup where they can post charges to your card without permission. Several times they "overcounted" my number of guests and charges appeared on my card a week later. No notification, no signature, not even a bill! Such a scam!
Expedia has taken over the booking for American Express Platnium travel customers. There is no longer a way to get customer service or leave a review. Dead links everywhere. When you book a fine hotel and resort and you show up they list you as Expedia and you don’t get the contracted upgrades. I recently spent $10k on a few days in a hotel and had to ask 3 times for what was suppose to be contracted from the AmEx travel website. I finally asked what they had me listed as and they told me, indignantly, Expedia. When I told them AmEx fine hotels and resorts they spent the next two days apologizing but the problem was my stay was already mostly over. Happened again with the rental car, I’m put into a line with a bunch of chain smoking, price shopping, red necks and listed like Expedia again and the guy behind the counter treats me like it. You prepay the fee so when my contract is up I won’t renew AmEx platnium. I spend and pay off $50k-$100k a month on the card. This card I have had for 5 years and it’s no longer worth it. The 5x and 30% points back is a joke. You won’t be able to figure it out and it’s a “gotcha” mantality. Good luck. They are trying to be more like every other card, but they still keep transaction cost high and take profits. Call center turned into garbage as well. They don’t know what they use to and the Customer XP is raspberries. No friend to small business.
The best card I ever owned. The annual fee is high but well worth it for the perks. This is the only card I use for travel, I've placed my other cards in the sock drawer. I highly recommend this card for those who travel often.
Sitting here reading these comments on the dislike of their af makes me question if many card holders actually understand the purpose of this card. The price of their af equates to perks that are offer for this particular card. If you think the fee is too high, then it's not for you. Amex has a great product line that reflects individuals' finances. This platinum card is not the only or last card ever made. Part of being accepted by this company means that you have made good or demonstrate good spending habits or good financial decisions. Don't get caught up in the perks or status of a card. Continue to make smart financial decisions and teach others how to make good decisions. Especially if you have kids. Choose cards that enhance your financial portfolio and allow you to elevate your financial situation.
The fact that you can get such a high amount of bonus points with this Platinum card from American Express card after spending $3,000, which you could easily do if you travel quite a bit is a great feature of this card. However $450 for an annual fee seems a bit high. I believe using this card you would really have to decide if you could write it off for tax purposes or if you were paying for it personally. The Capital one Quicksilver credit card I have no has no annual fee at all.
Although the $450 fee is high the benefits outweigh it, even if you are not a big spender. Figure $100 of the $200 airline benefits, 3 trips to the Centurion club in NY SF Dallas or LV is worth $150, $20 for TSA Precheck means it costs $180 a year still a lot. BUT you also get Hertz and Avis and SPG gold membership and no expiration date on miles with a 20% mile refund when you use the miles directly instead of transferring them to an airline program. That has a hard-to-measure value. And if you eve take an upscale cruise on one of several cruise lines Amextravel counselors may only be average but you will definitely save money by getting cabin upgrades and free perks.When there is an error on the bill they really check it for you, and the one time I had a $500 Dollar rentacar damage charge they picked it up. Great customer service in general. No international exchange fees is nice but not unique. I have another card for groceries and gas, but I use Amex Platinum for everything else (except when I go to a local merchant who I do not want to let know I have such a prestigious expensive card) Now if you use the bigshot rewards like the special deals at top tier hotels, or the 2 for 1 first class plane tix it is even more valuable, but I don't and it is still great.
Great overall card for those who travel a lot. The membership rewards are very good and there is a wide variety of selections. Some examples off the top of my head include lounge access at many airports. $200 credit for travel expenses, concierge service at airports and hotels, hotel accommodations, sporting event rewards, entertainment/concerts, etc. No international currency fees are also great and really useful. There is a pretty steep annual fee but if you travel a lot then it is very much worth it. A very solid card but I had to take off one star for the big annual fee.
What I like about this Platinum card with American Express is that most businesses are familiar with the brand American Express. I also like that you can earn points for each purchase, and even double points, and that there is no limit on the amount of points you can earn. However, I don’t like that the balance must be paid in full each month, or that there is an annual fee of $450. With my current Capital One card, there is no annual fee, and I can earn rewards also.
The Platinum Card from American Express is a fun card to have. Firstly, you have the prestige of having the classic high tier card from American Express but it has a lot of great things about it as well. Great initial point bonus and a lot of points that can stack up after that, no foreign transaction fees (Which if you're a big international traveler can really be a pain after awhile if you're not careful) and being an American Express it's accepted everywhere. It's a fantastic card by itself but it really shines for travel. Accepted everywhere, no foreign fees, and if you're in a pinch the concierge service can be really helpful. The Platinum Card really distinguishes itself from the other big cards with it's convenience, great features, and ease of use. It's even better than the Discover Rewards Card which isn't as ubiquitous abroad and has foreign transaction fees.
This credit card is great. Women are always impressed by men who have the word "Platinum" on their cards and I like that. the point system is fantastic and of all of the credit cards I have, American Express provides the coolest points rewards. This car is accepted like everywhere, and the fact that there is a $38 dollar late fee doesn't concern me, neither does the $450 annual fee, because if you're rich you don't need to worry about that stuff.
Overall this card rocks! The Platinum Card from American Express is great if you are travelling overseas, as there are never any foreign transaction fees. (which is also a plus for some online purchases where you can get hit with fees here and there from other cards!) The only downside is the annual fee, but if you are travelling it more than makes up for that. The points that it offers too, coupled with the offers that Amex allows you to add to The Platinum Card from American Express instantly from your online account allow you an amazing amount of savings. (These offers can be loaded with just a few clicks, and don’t require any physical coupons.)
Do not get me wrong, I really like the Platinum card, but it definitely has its flaws. If I am being completely honest, I have to bring up all of the places that do not accept this card. Living in a place like New York City, the last thing you want is to be in a line at checkout and then end up holding everyone back while looking for your card to only realize that the establishment does not accept it. For example ,some places that accept Visa but not this card include my local McDonalds, Northface, and H&M. IN addition to these, there are also a lot of local mom and pop stores which would not be fair to include in this review. When I do use it, though, the points I receive back are very reasonable, and banking with it is hassle free, which American Express does a good job at maintaining.
This card is definitely not for the average credit card user. I think an annual fee of $ 499 is outrageous. I also notice that in the terms it says "Up to" $200 Airline Fee Credit Annually. I wonder what the typical user of this credit card receives. I also notice that in order to get the statement credit you need to chose one particular airline that you plan to use every time. When I fly I chose the airline that has the best deal I'm not loyal to any one particular airline. I think that the Chase freedom card has a much better reward program. No annual fee, points on all purchase and I can redeem them on any airline I choose.
The Platinum Card from American Express may appeal to the high end business user but for most people it won't be worth the money. The annual fee is a whopping $450. If your credit is good enough to be approved for the card, you can really do better although the perks may make it worth it for you. With the card you earn 1 point per dollar spent. You also earn 40,000 points if you spend $3,000 on purchases in your first 3 months. As it is an Amex the balance must be paid off each month. There are no foreign transaction fees and they offer a concierge service. This would be useful for an international business traveler. For comparison sake, I also looked at the Blue Cash Preferred from American Express. The annual fee on that card is only $75. The Blue card does allow you to carry a balance and the APR is between 12.99%-21.99%. With that card you earn between 1 and 6% cashback. If you spend $1000 in the first three months you get a $150 statement credit. I'd suggest this card for international business travelers with expense accounts. For users on more of a budget the Blue Cash Preferred or other rewards cards are a much better deal.
The American Express Platinum Business card is known for being excellent and high end. American Express has built their business on superior customer service, and this card is no exception. I have the card and really enjoy how many points you can earn easily with the rate of $1 per 1 point. Additionally, I receive a $200 airline fee credit annually. The only drawback of this card is that the balance must be paid in full each month. However, the benefits of the card outweigh this.
The Platinum card looks like a very good card for those who are big spenders and big travelers. Although it has a big annual fee, it is designed in such a way that a savvy user can take advantage of the perks and successfully save money with this card. With the 200 dollar airline fee credit and the lack of international usage fees, this is an excellent card for anyone who travels frequently. The 40,000 bonus points is also an excellent perk for the bigger spenders among us. It is a significant amount and definitely worth considering. All in all, this is a great card as long as you use it frequently and responsibly.
My parent's recently talked me into filling out an application for The Platinum Card from American Express so that i could establish some more credit. After I was approved, I was very disappointed in this card. The fees are outrageous! I don't know how they approve someone with my income and expect them to pay $450 a year! The $38 dollar late fees are quite ridiculous too. They add up quickly, trust me. All in all, I give this card a big thumbs down and would probably only recommend it to my worst enemy. If you are rich, I guess it could work for you?
This is a great card that does come at a high annual cost. However, this card is for big spenders that will gain points that make up that annual fee cost. Also, you get $200 airline credit per year which is excellent. Now let's talk about the service itself. I've had American Express for year, and their customer service is the best. They offer a lot of perks with this card - you can get into airport lounges at major airports for free just by flashing this card. And if you have any problem with the card, no worry - they'll send you for free another card by UPS next day shipping. Bonus is good - 40,000 points equals about $400. You'll get this if you spend $3000 in the first 3 months. All in all, a very good card, as long as you spend enough to makeup the high annual fee cost.
I am a current owner of the American Express Platinum card. This is a great card that comes with a price. Having this card will run you $450 a year. Getting approved for this card requires the best credit and history. That being said, let's discuss the card. This card is fully insured. You are not responsible for purchases that you did not make. Furthurmore, you are protected up to $2000 on purchases. Ordered something from Amazon and it came damaged in the mail? If Amazon can't fix the problem, call Amex, and they will take care of it. Need V.I.P access to lounges and certain venues? This card will vet you in fast. Point are pretty good for rewards, however, this card does not offer as much rewards as other cards. Customer service is great. 24/7 customer service. Lost a card? They will FedEx it overnight with no charge. If you can afford to pay $450 a year, and need perks, the American Express Platinum card is definitely for you.
This card offers pretty awesome perks like 40,000 points after you spend $3,000 on the card in the first three months. You also get a $200 Airline Fee Credit annually. However, interest rates are high on this card, and there's a high annual fee.
The Platinum Card from American Express is just alright. I am not too keen on the fee I have to pay of $450 each year to have the card. I have Discover Card as well and they are much better with not nickel and diming you for everything you do with the card. I guess that is the price you pay for getting amazing rewards back. I spend a lot so the points really add up fast. I really like the extra features the card provides like the ability to make a last second reservation at a nice restaurant around town. I do not get that perk with the Discover card and that is a really nice benefit to have since life can be hectic sometimes. Overall I like the card but make sure you read the fine print so you understand both the positives and negatives associated with becoming a Platinum Card Holder.
I have had 'points' cards in the past and I really enjoy them. You completely forget until you're minded on your statement and all of a sudden you can get a couple 'free' gift cards to spend on dinner or a favorite store. I wish they'd tell you what the points were actually worth though. 40,000 points seems like a lot, but if you need 50,000 points to redeem them then its just a whole lot of nothing. There's a $200 annual airline credit, but the purchaser of the card needs to declare the one airline they can use it on? Why? Why is that even a thing? Why can't they use the credit wherever? That seems like one of those catches that keep you from ever ACTUALLY being able to use a benefit. That's just Murphy's Law. When you need a flight, that $200.00 credit will still not make the flight you CAN use it on cheaper than that flight over there. So, it becomes pointless and frustrating. Ultimately, though, the $450 annual fee is STEEP. Right there, the platinum Card from American Express is a no-go. Why? You don't have a preset spending limit, but you can approve or deny purchases? So, there ARE limits on spending. If I don't have that one advantage, why would I ever pay an annual fee don't require them?
I think The Platinum Card® from American Express is a really good card in terms of the rewards and the no foreign transactions fees. However, the only thing I didn't like is the annual fee of 450.00. I believe it is too much for a credit card but you pay for the credit card perks.
This is decent compared to my MasterCard Gold. The American Express Platinum Card seems to have a high fee, but low late charge. I'd say give it some thought.
This card has always been my go to card. Travel a lot for work. The benefits where great for the annual fee cost associated with it. Though, they are taken more and more of those benefits away, that I am feeling the value for me is just not there anymore.
This sounds great! : $200 Airline Fee Credit Select a qualifying airline and then receive up to $200 a year in statement credits when incidental fees, such as baggage fees, flight-change fees, in-flight food and beverage purchases, and airport lounge day passes, are charged by the airline to your Business Platinum Card Account.* But when needed... beware of this: "Our records indicate you have already selected an airline and are not eligible to change your selection at this time. You are eligible to change your airline selection once a year in January. No action is required if you would like to keep your current airline selection in the future." Read well....they only allow this benefit for ONE selected airline and cant not modify till january next year...that means if you have selected in your profile AA and your trip error was with DELTA ..you wont get any fee credit.
The Platinum Card from American Express doesn't appeal to me very much. It has an annual fee that seems rather high, and your rewards are point based, which, in my experience, doesn't translate very well. I have a Capital One card and the reward points I receive translate to about 1 cent for every $100 I spend. And on this card, you can only get the 40,000 points after spending $3000. However, if you travel out of the country a lot, the perks might be good for you, as there are no foreign transaction fees and you can get yearly airline credits.
I just want to say the ONLY reason this is getting 1 star is because it makes me! We have been a card member since 2006 we ALWAYS make our payment before or on the due date and we always pay way more than the min balance Example: Our min payment is around 50 we always pay 200.. Well we were out shopping the other night and had to buy a few large items when we got home and I got online to see our available balance it was $0!!! It is supposed to be $3,000! So I thought it was just a glitch in the system so I called them and they said they took away our credit limit! I asked for reason's and they would not really give us a reason, Our credit is not Excellent but it is not poor! We have nothing in collections and we ALWAYS pay our bills! The manager told me in order to get our available balance back we had to pay the $1,200 off in 30 days or they would not due it... They also said there decision was based on the fact we had not used out card in a year! I about exploded we have been loyal customers from 2006 we have other credit cards and they have NEVER treated us like this! I told them to cancel the card we will not be coming back! Poor customer service is also a BIG thing, I was hung up on once because I was trying to get answers as to why they did this! I don't suggest ANYONE deal with this credit card!
The Platinum Card® from American Express has many benefits that are not presented on here. You can visit www.americanexpress.com to view all the wonderful benefits. I have been with American Express since 2001 and never use any other card. The Platinum card has a hefty $450 annual fee, which is something that I don't see myself paying for. You can't really beat the 40,000 points offered for spending $3,000 in the first 3 months. I personally wouldn't recommend this card. I would recommend the Blue Cash card (I have been using this card since 2001). This card basically have all the benefits of the Platinum card minus the annual fee of $450. Some benefits are merchandise replacement within 30 days of purchase, returns of merchandise if the merchant doesn't take it back, one year extended warranty added to manufacture warranty, and great customer service.
what's the beauty of a Card that has to be paid in full every month and cost you $450 a year, well NONE, you might as well use your Debit Card instead....
I have been using this card for a while, and I've been nothing but satisfied. Amex customer service is phenomenal. They really care about loyalty. Whether you've lost your card or a company you purchased from is overcharging you, they will support you and fight for you. Because one of my family members uses this for business, we have a lot of points. I actually have been able to get several flights and gadgets just from points. Also, it gets you free access to Delta lounges at airports. The only disadvantage is that it isn't accepted at as many places overseas as some other cards.
This is a dishonest service. They will try and utilize any strategy possible for you NOT to hit your required spending limit in time. The sent me my card AFTER the limit was allowed, yes it took them 3 months to get the card to me, charged the fee and would not give the bonus points to me. Very dishonest practices.
I think having the bonus points during the first couple of months of spending is a plus, but the annual fee of $450 is high!
The Platinum Card seems does not seem like a card that has many benefits the first problem is that the annual fee is four hundred fifty dollars which is a huge amount, although if you can get approved for a platinum card that might not be much money for you. The rewards program has much to be desired with no cash back rewards and a large spending amount before any type of bonus given to the spender.
Since they have reduced all the benefits you are paying alot...for nothing!!!! Forget traveling over seas, AM EX declined the card every where I went. Thank goodness for Visa!
This seems like a good card; but it is odd in the way that you have to spend so many dollars to get enough points for a free airline ticket that it defeats the purpose. The annual fee is enough itself for one free round-trip ticket per year! So unless you plan on making every purchase that you buy on this card alone it's not worth the benefit! If you only fly 1-2 times a year it's much more worth your while to get a card with better points and simply purchase the airline tickets yourself!
This card would be a good option for anyone who frequently makes high dollar purchases that they have the means to pay off right away. This is particularly beneficial for frequent travelers as this card has no foreign transaction fees and allows you to earn cash back on incidentals. The only thing that concerns me is it does not indicate how many points you need to earn rewards, such as how many you need to get an airline ticket. Therefore, it is hard to weigh the benefits over the $450 annual fee.
If you are a frequent flyer and/or a heavy traveler (for work or fun), the Platinum Card from American Express is the card for you. The benefits and credits you can receive for flying are tremendous. Use this card for airline incidental fees, i.e. check bags, snacks, flight changes, and you can receive a credit on your statement. There is no charging limit, although it is monitored by your spending habits, credit score, etc. This card must be paid in full every month and the late fees are pretty steep if you are late. The annual fee is high, but you do get great credits if you fly a lot.
I am a frequent traveler to other countries and this card will be perfect for my travels! I like that there are no preset spending limits (perfect for those gifts I didn't know I needed) and no foreign transaction fees. There is even a fund for flight change fees and snacks! I'm packing my bags right now! Wait...annual fee $450.00? That's pretty high, though considering last year in Africa I paid $600 in misc. credit card fees that this card does not have, it all balances out. I love the 40,000 points after I spend $3000 (it won't be a problem). Except for some of the high fees, it looks like my kind of card!
Having used Amex long ago, this incarnation seems to be the best they have offered in a long time. The many rewards will offset the hefty annual membership fee, such as the airline statement credits, the introductory 40K points, and the zero foreign transaction fees, which my Citi card charges around 3%. If you spend a lot and have great credit, it's definitely worthwhile.
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Last updated on: September 27th, 2019 at 06:07
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WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers 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.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Sep 27th, 2019 at 06:07 ET