Last Updated on February 28, 2024 by Archie Biggs
Best for Luxury Travel, Luxury Perks and Lounge Access
80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership
Card Details
You can unlock over $1,500 per year in statement credits earned on select purchases
made with the Platinum Card® from American Express
- $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, The New York Times, and other participating providers. Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
- American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
- $300 Equinox Credit: Get up to $300 back each year on an Equinox+ subscription, or any Equinox club memberships when you pay with your Platinum Card. Enrollment required. Learn more.
- $189 CLEAR® Credit: Breeze through security with CLEAR® Plus at 45+ airports nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Card.
- $695 annual fee.
- Terms Apply.
- Select “Apply Now” to learn more about the product features, terms and conditions
- View Rates and Fees
The Platinum Card® by American Express Details
Intro Offer | Rewards Rate | Regular APR | Annual Fee | Credit Needed |
---|---|---|---|---|
Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on the Card in your first 6 months of Card Membership. |
Earn Up to:
|
21.24% to 29.24% variable APR | $695 | Good, Excellent |
How the Discover it® Cash Back Card Stacks Up
Pros
Cons
Highest Travel Rewards Rates
Experience the most generous travel rewards rates with the Platinum Card from American Express. You can earn up to 5X points on flights booked directly with airlines or through American Express Travel (up to $500,000 on these purchases per calendar year), as well as 5X points on eligible hotels booked through American Express Travel. Plus, all other eligible purchases earn 1X points. This is the highest travel rewards rate of any American Express card available.
Extensive Lounge Access and Travel Benefits
Experience unparalleled lounge access and travel benefits with the Platinum Card from American Express, which provides the most comprehensive options among mainstream rewards cards available to the public.You can access more than 1,300 airport lounges in over 140 countries around the world, including exclusive Centurion Lounges, Delta Sky Clubs, Priority Pass, and more. Additionally, the card offers premium roadside assistance, trip cancellation/interruption insurance, and rental car insurance.
High Annual Fee
The Platinum Card’s $695 annual fee may be a deterrent for some applicants. However, the extensive list of perks and benefits that come with the card nearly recoups the annual fee, making it worth the investment for luxury travelers.
Limited Bonus Categories
The elevated rewards in certain bonus categories are a bit limited. You’ll only earn boosted rewards on flights, hotels, and rental cars through Amex or the airline directly. However, for frequent travelers, these categories offer a substantial amount of value.
Monthly and Annual Credits
The Platinum Card provides exceptional value for cardholders with its monthly and annual credits, which are worth more than its annual fee, potentially providing around $1,700 in recurring yearly value. You’ll get up to $200 in airline fee credits, up to $200 in Uber credits, up to $100 in Saks Fifth Avenue credits, up to $240 in digital entertainment credits, and up to $100 in hotel credit at participating properties when booking through The Hotel Collection.
Valuable and Versatile Travel Rewards Redemption
The Platinum Card’s 17 airlines and three hotel partners make travel reward redemption valuable and versatile. You can transfer your points to these travel partners to maximize your rewards and enjoy an unparalleled travel experience. You can also use your points to book travel directly through American Express Travel.
Niche Perks
While some of the Platinum Card’s perks and annual credits, like fitness-related credits and private jet program offers, may not be useful for all cardholders, the card still offers substantial value for luxury travelers with its diverse array of benefits and rewards.
Bottom Line
Upgrade your travel experience to a whole new level with American Express’s top-of-the-line Platinum Card. Yes, the $695 annual fee may seem daunting, but the value it provides is unbeatable for luxury travelers. This card offers an extensive list of perks and benefits that cater to frequent travelers, including top-notch trip protections, valuable credits, and 5X points on flights and eligible hotels booked through American Express Travel (up to $500,000 per year). Plus, all other eligible purchases earn 1X points.
If you’re a jetsetter who seeks luxury and convenience, the Platinum Card from American Express is a smart choice. The enhanced travel benefits, rewards, and yearly credits that come with this card nearly recoup the high annual fee, making it worth the investment. However, if you’re unsure whether you’ll regularly maximize its features, the price point may be steep.
With this luxury travel card, you can elevate your travel experience and enjoy top-tier travel benefits, bountiful yearly credits, and some of the best airport lounge access available. It’s the ultimate card for frequent travelers who value luxury and style. Don’t settle for less – upgrade your travel game with the Platinum Card from American Express.
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