GET.com's Review of The Platinum Card® from American Express
|Things We Like||Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months|
|Our Least Favorite||$550 annual fee (See Rates & Fees)|
|Our Verdict||Great card to earn points on flights booked directly with airlines|
- 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
- Intro APR
- Annual Fee
- Regular APR
- Credit Required
The Platinum Card® from American Express is one of my favorite cards when it comes to collecting air miles from credit card usage. This charge card from American Express, a GET.com advertiser, is a rewards card for big spenders who like exceptional rewards and travel privileges. Although The Platinum Card® from American Express has a $550 annual fee (See Rates & Fees), I thought it's time to clear the air about this card.
In this AmEx Platinum Card review, I'll explain why people think it is such a prestigious card, and highlight to you its pros and cons. Read on if you are a discerning individual with a taste for luxury and travel perks, and want to know if The Platinum Card® from American Express is a good choice of card for your lifestyle needs.
Things We Like About The Platinum Card® from American Express
Earn 60,000 Membership Rewards® points when you spend at least $5,000 in your first three months of having this card. Important note: Make sure to enroll in the Membership Rewards program as soon as you get the card.
Up to $200 annual credit for Uber. This new perk lets you enjoy $15 in Uber credits for rides each month, plus an extra bonus of $20 every December with your Platinum Card Membership. That can mean up to $200 for Uber rides annually! Keep in mind that credit may only be applied to rides within the United States and credit and Uber VIP status is available to Basic Card Members only.
Earn 5X points for flights booked directly with airlines, Amextravel.com Hotel Bookings or with American Express Travel. Get one point for each dollar charged for an eligible purchase in each billing period on your Platinum Charge Card from American Express as well as 4 additional points (for a total of 5 points) for airfare charged directly with passenger airlines (or through American Express Travel) and on prepaid hotels booked on amextravel.com.
Receive a $200 Airline Fee Credit per calendar year towards baggage fees and more. You must first enroll and choose a qualifying airline at www.americanexpress.com/airlinechoice. Incidental air travel fees must be charged to your enrolled card account for the benefit to apply. These can be baggage fees, flight-change fees, in-flight food and drinks and airport lounge day pass. Airline tickets, upgrades, mileage points purchases, mileage points transfer fees, gift cards, duty free purchases, and award tickets are not considered to be incidental fees. Terms apply.
Enjoy savings on a companion ticket each time you purchase a qualifying Business Class or First Class international ticket with your card in over 25 participating airlines. You must purchase the ticket through Platinum Travel Service or any American Express Travel office and pay in full with your Platinum card. Non-refundable American Express service fee of $39 (per ticket) applies to your full-fare ticket, the companion ticket and each additional ticket purchase and itinerary change.
For every $1 you spend, earn 1 or 2 points. You will receive 2 points for every $1 you spend when booking trips through the online American Express travel services website. Note that car reservations and non-prepaid hotels aren't eligible for the double points. On other eligible purchases, you earn one point for each dollar.
Redeem your points for rewards ranging from travel, shopping, dining to entertainment. If you are missing some points and you can't wait to redeem a certain reward, you can buy extra points.
Points don't have expiration date. This means you can accumulate your points and then redeem for any reward whenever it's convenient for you.
Global Lounge Collection gives you access to more than 1,000 domestic and international lounges across 120 countries including Delta Sky Clubs® and The Centurion® lounge network. However, you must first enroll in the Priority Pass Select Program. With this access, you don't even need to fly first class in order to enjoy all that an airport club offers - plush sofas, complimentary food and drinks, upscale washrooms, internet, and more. This is the thing I find valuable about this card. Take note that you will be automatically charged $27 per guest to your card after you have signed for the visit and it has been reported to Priority Pass by the participating lounge.
No foreign transaction fees (See Rates & Fees). Some other cards make you pay a 3-5% foreign transaction fee when you use your card to pay in a non-US currency, but not this Platinum card. This means more savings for you, no matter which country you are in!
Concierge service and Premium Access. You will have a 24-hour concierge service which you can call upon to make reservations at exquisite five-star restaurants Get reservations with Platinum Card® Concierge to enjoy an exquisite dining experience with the #AmexPlatinum Dining Program. You also get Premium Access, meaning you can get advanced tickets and preferred seating to theater, concerts, sporting and family events.
Travel Accident Insurance. If you travel a lot, you might feel safer knowing that you have travel accident insurance for accidental death or dismemberment. You will also enjoy roadside assistance, baggage insurance and more.
Car Rental Loss and Damage Insurance. When you charge your car rental to your card, you will be covered with this insurance at no extra charge. Terms and restrictions apply.
Hilton Honors™ Gold Status Enrollment. Hilton's Honors™ Gold Status, lets you enjoy luxurious resorts and hotels all within the Hilton Portfolio. Honors Bonus Points also let you earn reward stays at a quicker pace.
Complimentary benefits at FINE HOTELS & RESORTS. When you stay at any of the 975+ FINE boutique, resort and luxury hotels around the world, you will receive benefits such as upgrades, late check-out and many more.
Fee Credit for Global Entry or TSA Pre✓™. If you apply for and receive Global Entry or TSA Pre✓™ membership, you'll receive a $100 credit (Global Entry) or an $85 credit (TSA Pre✓™) for the application fees on your statement. You keep receiving this credit every 5 years after you apply for Global Entry ($100) or TSA Pre✓™ ($85) and pay using your eligible The Platinum Card® from American Express. These services help expedite you entry into the U.S. when you get back from a trip. In other words, you can skip the cues at immigration and re-enter the U.S. speedily. The application process takes some time, and generally includes at least one interview. But it is totally worth it if you travel outside of the U.S. often, and if you have this card, Amex covers the cost.
No-worries shopping (Purchase Protection, Return Protection, Extended Warranty)When you buy stuff with this card, you will not have to worry, for example if you accidentally break something you have bought, this card may pay it for you. If you bought something from the store, then had a change of mind, and the store won't take it back, American Express may refund you. This card will also extend your warranty up to one more year to those purchases that have a 5 year or shorter warranty.
Our Least Favorite Things About The Platinum Card® from American Express
$550 annual fee (See Rates & Fees). Luxury comes at a price. The Platinum Card® from American Express is a luxury travel card and it does come with many privileges that you may appreciate, such as the two complimentary airport lounge programs and the $200 Airline Fee Credit. To me, the awesome benefits of this card outweigh its annual fee.
How Other Cards Compare With The Platinum Card® from American Express
|See Rates & Fees||Terms Apply|
|Regular APR:||18.24% - 25.24% Variable|
|Annual Fee:||$0 Intro for the First Year, then $95|
|Credit Required:||Excellent Credit|
|Regular APR:||See Rates & Fees|
|See Rates & Fees||Terms Apply|
The Platinum Card® from American Express is a prestigious charge card with top-notch travel and lifestyle perks that can easily make the high annual fee worth it if you actually use them. Pedro Pla
With a $550 annual fee (See Rates & Fees), The Platinum Card® from American Express is associated with luxury and prestige. This card comes with many travel privileges such as access to selected airport lounges around the world, concierge service, hotel upgrades and benefits when staying at any of the 975+ FINE boutique, resort and luxury hotels around the world, and many more. Plus, you can earn 60,000 points after you spend at least $5,000 during the first 3 months of having the card!
You may have noticed that this card does not have an APR. That is because this is a charge card, not a credit card, and therefore you pay no interest charges. Since it is a charge card, you have to pay off your balance in full every month, and that is a convenient way to avoid debt.
The Platinum Card® from American Express has many benefits and rewards. If you are going to spend a few thousand dollars with it every month and are a frequent traveler, you could consider getting this card to make full use of its many benefits. Apply online and get a decision in 60 seconds. Terms and conditions apply.
For rates and fees of the The Platinum Card® from American Express, please click here.
See more American Express credit cards.