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The Platinum Card® from American Express

  • $550 Annual Fee

    Fee for maintaining card

  • $420 Welcome Offer Value

    As of 04/2018

  • 1 Point Per Dollar

    Rewards rate

Apply Now

on American Express's website

Terms apply. Rates and fees.

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While some will balk at the American Express Platinum Card’s® high annual fee, others will swoon over the lavish benefits it offers. This review will help you decide which side of the camp you’re on, and whether your financial picture and spending habits merit the significant annual cost the Amex Platinum Card® comes along with.


  • Five points for each dollar spent on airfare booked directly with the airline or through American Express Travel, as well as for reservations with eligible hotels booked through
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months
  • Up to $200 in annual Uber savings, and $200 in credits for airline fees accrued with your eligible airline of choice
  • Upgrades and other premium treatments when you book your stay at a fine hotel or resort (as defined by Amex) through American Express on your Platinum Card®
  • Unlimited complimentary access to more than 1,000 airport lounges

At a glance

The Platinum Card® from American Express

Apply Now

on American Express's website

Terms apply. Rates and fees.

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on
  • As a Platinum Card Member, you can 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.
  • Terms Apply.



1 Point Per Dollar

Annual Fee

Offer Value

Rewards Rate

The Platinum Card® from American Express deep dive

As the name seems to suggest, the Amex Platinum Card® offers cardholders a wide variety of premium benefits, many of which go beyond point accrual and redemption—but it comes at a high price. As such, be sure you fully understand the benefits and the costs before signing up for a Platinum Card® (or looking for an alternative).

Get it: If you’re a frequent luxury traveler who already spends a lot on deluxe services, and would like to earn rewards for doing so

The Platinum Card® from American Express offers an abundance of luxury travel perks, making it a great choice for travelers accustomed to significant amounts of spending who would like some additional benefits like access to airport lounges and hotel upgrades. It may also be a good card for frequent work travelers who would benefit from added comforts on the way to and from the office.

Some of the benefits of the Amex Platinum Card® include:

  • A serious welcome offer: Platinum Card® newcomers are eligible to receive 60,000 points, available for redemption from the American Express Membership Rewards® center, when they spend $5,000 within three months of opening their account
  • 5x the points for eligible purchases: One significant benefit of the Platinum Card® is the four-point bonus associated with eligible airfare and hotel purchases (all other purchases receive one point). Hotel purchases must be made on to be eligible; flights may be purchased directly through the airline or with American Express Travel
  • Up to $200 in annual Uber savings + $200 airline fee credit: Platinum Card® holders receive $15 in Uber credits each month, and an extra $20 in December for a total of $200 per year. In addition, cardholders can redeem up to $200 in credit for airline fees (such as meals or baggage charges) per year on one qualifying airline
  • Airport lounges galore: The Amex Platinum Card® is a winner for lovers of airport lounges, as it gives members access to more than 1,000 lounges across the world
  • Hotel perks: Luxury hotel-goers can benefit from competitive rates and complimentary benefits when they book with one of nearly 1,000 fine hotels and resorts through American Express and pay for it with their Platinum Card®. This benefit is estimated to be worth $550

Terms and Restrictions apply to these card benefits, so please read them carefully.

Skip it: If you’re a budget traveler (or not a traveler) who would struggle to make the $550 annual fee worth it

This isn’t the card for point optimizers. You can earn an abundance of points on the Platinum Card®, but you’ll pay for it with a high annual fee. Other travel cards may offer a better value if you’re trying to save more on travel.

In addition, the Platinum Card® only offers bonus points for eligible airfare and hotel purchases, so it’s not a great general-purpose rewards card. If you’d like to earn extra points for purchases you make frequently such as gas, dining, and/or groceries in addition to travel, there are a number of cards that offer this option.

Consider these drawbacks of the Amex Platinum Card®:

  • A hefty annual fee, always: The Amex Platinum Card® carries an annual fee of $550, which is not waived in the first year, unlike some other high-end travel rewards cards
  • Bonus points are only for airfares and hotels: There’s no doubt that this card is for luxury travelers. But there are other expenses that go along with travel, such as dining and entertainment. Unlike some other similar cards, the Amex Platinum Card® does not offer bonus points for anything but eligible airline bookings and hotel purchases.
  • Only worth it if you use the benefits: This is certainly the case for any card that comes with annual fees, and even more so for the Platinum Card® given its high cost. Many of this card’s benefits take the form of extra, or nice-to-have, perks, rather than actual dollars, so it’s not a great option for those looking for a card to help them save money on travel
  • Highly specific credits: While Platinum Card® points can be redeemed for a plethora of purchases through the American Express Membership Rewards® program, the additional annual credits it offers can only be used for specific purposes; Uber rides and airline fees, to be exact. Some cards offer more general options, such as airfare credits


The Amex Platinum Card® is a true luxury travel card, offering lavish benefits such as airport lounge access and upgrade opportunities at fine hotels—but this treatment doesn’t come cheap, as the card comes with an annual fee of $550. If you’re interested in a more modest option or a card that can be used to save money on travel, take a look at other travel cards.

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