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If you want a premium rewards card — one with benefits like airport lounge access and annual statement credits for travel — the The Platinum Card® from American Express should absolutely be on your shortlist. It has a $695 annual fee, but you get some great perks in return, including access to fancy Centurion lounges at airports around the world. In the realm of premium credit cards, few rival the prestige and perks of The Platinum Card® by American Express. With its array of travel benefits, the Platinum Card is the epitome of luxury for discerning cardholders. Some benefits require enrollment through your American Express account.
PERSONAL TRAVEL
The card also comes with a generous 80,000 Membership Rewards Points after spending $8,000 on purchases in the first six months of card membership. The American Express Platinum Card has a well-earned reputation as an ideal choice for luxury travel perks. No other card on the market offers extensive premium airport lounge access like this one. The multitude of potential credits and other perks can make the card well worth the steep $695 annual fee for the right person. The American Express Platinum Card’s best feature is its suite of travel benefits and statement credits. Cardholders also enjoy the card’s extensive airport lounge benefits, which include access to the Priority Pass network and Amex Centurion lounges.
How does this offer compare to past Business Platinum offers?
The trick for me is remembering to check out current offers each week while I'm online to make a payment. 80,000 points bonus, 5x points on select travel, Centurion Lounge access. 100,000 bonus points, up to 3x points on travel and on select business categories. 75,000 bonus miles, at least 2x miles on everything, $0 foreign transaction fees.
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Additionally, you’ll receive up to $1,500 in travel and entertainment credits every year. On top of these great benefits, cardholders also receive valuable travel protections and significant shopping discounts through Amex Travel. If you can make use of the up to $1,500 in travel and entertainment statement credits every year with the card, and/or you want airport lounge access pretty much everywhere you fly, then this card will fit you like a bespoke glove. Otherwise, a more modestly priced card with some access and travel benefits will be a more practical choice.
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Underwritten by New Hampshire Insurance Company, an AIG Company.²Eligibility and Benefit level varies by Card. American Express Membership Rewards points don’t expire as long as your account is open, and points earned from multiple Amex Membership Rewards cards are automatically pooled into one Membership Rewards account. Points are also transferable to and can be worth even more if redeemed strategically after being transferred to other travel loyalty programs. Travelers can often get outsized value for their points by taking advantage of the transfer options, and NerdWallet values Membership Rewards as much as 2 cents each when redeemed this way. To qualify for the Amex Platinum Card, you most likely need a good-to-excellent credit score (generally a FICO of 670 or higher), a steady income, and a history of paying your bills on time. There is the option on eligible purchases to use Amex’s Pay Over Time feature, which carries an APR.
Just remember that offers are subject to change at any time and are not necessarily available to everyone. The recommended credit score for this card is above 690 and it ranks as one of the best travel cards, but that doesn't mean it's right for every traveler. American Express has rolled out two new card designs for Platinum cardholders.
The Amex Platinum Card comes with an underrated perk that can be a lifesaver if you have an emergency while you're away from home. Cardholders get access to Amex's Premium Global Assist Hotline, which can help arrange things like passport replacement, medical referrals, and translation services. Cardholders can also get an extended warranty on eligible items when they use their Amex Platinum Card to pay — up to one additional year added to eligible U.S. manufacturer's warranties of five years or less. When you pay for an eligible item with the Amex Platinum Card, you can be covered for loss or damage up to 90 days from the date of purchase, up to a maximum of $10,000 per occurrence and $50,000 per year.
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International travelers who purchase a qualifying Business or First Class seat will receive a discounted price for their traveling companion. Besides the ability to accumulate reward points on any purchase, cardholders also have access to American Express concierge service. While the internet has downplayed the popularity of these services, they are still very valuable. Complimentary membership might also mean not having to get another card to earn travel rewards as well.
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Let's take a closer look at each new credit — and whether they are worth it for you. Together, these new and existing perks are worth north of $1,800 at retail value. In addition to its existing premium Centurion Lounges, Amex will update and cobrand Escape Lounges in airports across the U.S. as Centurion Studios.
If you don't travel much to begin with, this probably isn't the card for you. But if you travel frequently and want as many premium perks as possible and don't get an invite for the exclusive Amex Black card, this is the next best thing. These redemptions may be made by logging into your card account on Amex.com. Blueprint is an independent, advertising-supported comparison service focused on helping readers make smarter decisions. We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site.
To decide whether or not the Amex Platinum card is worth it for you, you’ll need to evaluate its benefits as they relate to your situation. Some cardholders may get full value out of the Uber Cash credit, while others get no value. Some may place a high value on lounge access, while others have lounge access from other cards and therefore don’t get as much value from the Amex Platinum card. What I learned is that you need to look at what cards to keep long-term in a very personal way, which can sometimes mean ignoring the dollars and cents or what others deem valuable.
Also, you don't even need to use the credit for your own membership — any qualifying charge for a friend or family member will trigger the credit. If you’re looking for a no-annual-fee card to balance out the Amex Platinum card’s $695 annual fee, the Amex Blue Cash Everyday is a great choice. American Express will reimburse The Platinum Card® from American Express cardholders for airline fee credits. 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.
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