Credit Cards (US)
The Platinum Card® from American Express full review
The Platinum Card® from American Express is worth a look comes with complimentary airport lounge access, and reimbursement for travel expenses. Read this review to learn more!
by Thais Daou
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more
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The Platinum Card® from American Express: Your world, your rewards.
Opinions regarding The Platinum Card® from American Express are very controversial. And the reason for this is that most of its benefits and rewards are focused on the needs and desires of travelers.
The Amex Platinum, as this card is also called, offers a range of rewards that many people would like to benefit from. However, most of us may not be willing to pay the cost of such rewards.
How to apply for The Platinum Card®?
Learn how to obtain one of the most exclusive premium cards there is.
| The Platinum Card® from American Express | |
| Credit Score | Good – Excellent |
| Annual Fee | $695 Rates & Fees |
| Regular APR | Purchases APR: See Pay Over Time APR. Cash Advance APR: 29.99% variable. Rates & Fees |
| Welcome bonus | 80,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of membership. *Terms apply |
| Rewards | 5 points per dollar spent on American Express Travel up to $500,000 per calendar year; 5 points on hotel bookings through American Express Travel; 2 points on travel expenses booked through Amex Travel; 1 point per dollar on all other eligible purchases; Acess to airport lounges worldwide. |
If you want to understand what we are talking about, as well as find out which of these categories best describe you, then do not stop reading now. We have come up with a whole list of arguments for and against this very special card.
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How does this card work?
For a start, it is important that you learn the basics of this credit card. And its main features include a current annual fee of $695, and a range of membership rewards points.
For example, as a cardmember, you will have access to a large network of airport lounges. But the rest of the benefits you can check out below.
American Express Platinum Card® benefits
Pros
- 80,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of membership.
- 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
- 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel.
- Up to $20 in statement credits each month when you pay for eligible digital entertainment purchases with the Platinum Card®. 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.
- 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.
- 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.
- 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.
- 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.
Cons
- High annual fee at $695;
- Requires an excellent score and high annual income.
Should you get an American Express Platinum Card®?
To answer this question, we assume you will not need to think too much. After all, you will only need to take a look at your life and at what you can afford.
That been said, if a credit card is supposed to give you benefits, the Platinum Card from American Express can only benefit you if you already have a life of perks.
How good does your credit score need to be?
Your credit score needs to be from good to excellent and nothing else. This means it should range from a score of 690 to one of 850.
This is probably the main restriction to applying for this card, as there are cards that require a lot more.
But, if you are thinking about acquiring the American Express Platinum, you probably already have a great credit score.
How to apply for an American Express Platinum Card®?
If you are indeed interested and fit into the profile described above, this is great news! In case you need our help, we have a few tips regarding the use of the app and the website of American Express. So, don’t forget to check it out, and congratulations on your decision!
How to apply for The Platinum Card®?
Learn how to obtain one of the most exclusive premium cards there is.
Thais Daou
Aline Barbosa
Senior Editor
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