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The Platinum Card® from American Express

  • $550 Annual Fee

    Fee for maintaining card

  • $420 Welcome Offer Value

    As of 06/2018

  • 1 Point Per Dollar

    Rewards rate

Apply Now

on American Express's website

Terms apply. Rates and fees.

American Express is a partner of Credible. Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

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.

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 amextravel.com.
  • 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.
  • $550 annual fee.
  • Terms Apply.

$550

$420

1 Point Per Dollar

Annual Fee

Welcome
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:

  • 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 amextravel.com.
  • 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.
  • $550 annual fee.
  • Terms Apply.

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

Summary

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.

We encourage you to provide honest and thorough feedback about your experience (not the experiences you’ve heard from other people), the good as well as the bad. But, we also want you to follow these content guidelines. The comments or responses that Credible posts under its official account are not provided, reviewed or endorsed by any of the financial institutions unless specifically stated otherwise in the response. Please keep in mind that the financial institution has no obligation to monitor any comments, questions or reviews you post and is therefore not responsible for ensuring your posts and/or questions are answered.

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