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A choice option for people who spend a lot of time gazing from airplane windows or checking into hotels, the prestigious Platinum Card from American Express provides a bevy of high-end benefits. Despite costing a fair bit each year, 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.
American Express is a Credit Card Insider advertiser.
Spending Rewards |
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Introductory Bonus |
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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 | N/A |
Penalty APR | See Rates & Fees |
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 |
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. |
American Express has several card types depending on your needs.
You can usually pay your bill online on your
Credit card issuer's websiteThe Platinum Card® from American Express is a high-end luxury 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:
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 (Rates & Fees).