The Platinum Card® from American Express
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A choice option for people who spend a lot of time gazing from airplane windows or checking in to hotels, the prestigious Platinum Card from American Express provides a bevy of high-end benefits. Despite costing $550 annually, the profusion of perks makes this card feel worth it; you’ll get the best airport lounge access for a credit card, a variety of annual credits, and enrollment into Marriott Bonvoy and Hilton Honors Gold statuses.
The information related to The Platinum Card® from American Express has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
American Express is a Credit Card Insider advertiser.
The Platinum Card® from American Express
Highlights & Features
(Rates & Fees)Rewards
- 5X Membership Rewards points on:
- Flights booked directly with airlines or Amex Travel
- Eligible hotels booked with Amex Travel
- 2X Membership Rewards points on other eligible purchases from Amex Travel
- 1X Membership Rewards point on all other purchases
INTRODUCTORY BONUS
60,000 bonus points for spending $5,000 in purchases in the first 3 monthsBalance Transfers
A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
| Intro Balance Transfer APR | N/A |
| Regular Balance Transfer APR | N/A |
| Balance Transfer Fee | See Terms |
Fees
| Penalty APR | N/A |
| Late Fee | Up to $40 |
| Returned Payment Fee | Up to $40 |
| Additional Cards Annual Fee | $175 for first 3; then $175 per card |
| Foreign Transaction Fee | None |
Cash Advances
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
| Cash Advance APR | 25.24% Variable |
| Cash Advance Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater. |
The Platinum Card® from American Express
Highlights
(Rates & Fees)- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
- 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.
- Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
- $550 annual fee.
- Terms Apply.
- See Rates & Fees
ABOUT THE ISSUER
American Express
American Express has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's websiteDue to the impact of COVID-19, for eligible card accounts approved from 12/1/19 through 5/31/20, the period to make eligible purchases to earn the welcome bonus will be extended for an additional three months.
The Platinum Card® from American Express is a high-end luxury charge card, complete with perks and benefits fit for jet-setters. It’s often considered one of the most luxurious credit cards that the general public can apply for.
Cardholders will earn 5X Membership Rewards points per dollar on flights booked directly from airlines or through Amex Travel, and on eligible prepaid hotels through Amex Travel. 2X points are awarded for other eligible purchases from Amex Travel.
There’s a long list of great travel perks, including complimentary airport lounge access to a wide variety of lounge brands through the Global Lounge Collection, which includes Centurion Lounges, Priority Pass Select, Delta Sky Clubs, and more. Automatic Hilton Honors Gold status and Marriott Rewards Gold status are both included.
There are a number of annual credits to make use of, and a couple others:
- $200 Airline Incidental Fee Credit
- $200 Uber credit
- $100 Saks Fifth Avenue Credit
- $100 Global Entry or $85 TSA Pre✓ Application Fee Credit (only once every four years)
- $100 hotel credit through The Hotel Collection (good for every eligible two-night stay)
From the best complimentary airport lounge access available on a credit card, a personal 24/7 concierge, and a laundry list of other rich benefits, the Platinum Card from American Express delivers on its rare metal namesake.
The Platinum Card has an annual fee of $550 and is a charge card, meaning it must be paid in full each month and you can’t revolve a balance (Rates & Fees).
