That may give current and prospective cardholders pause since the card has been at $550 for only four years, coming up from $450 in 2017. If you can use the Amex Platinum Card's generous range of benefits, you can get a value that far exceeds the card's $695 annual fee. Robin Saks Frankel is a former credit cards and personal finance writer and editor for Forbes Advisor. Previously, she covered credit cards and related content at other national web publications including NerdWallet, Bankrate and HerMoney. For instance, a card that might be considered mediocre on a list of rewards cards could be the top card on a list of rewards cards with no annual fee. That’s because the card might offer limited features compared to other rewards cards, but after we remove cards that charge an annual fee, it’s the best card that remains.
Amex Platinum vs. Amex Gold
In picking which one is right for you, it helps to consider how you plan to use your points (cash out, transfer to airlines, pay with points, etc.) and how much/what type of spending you plan to put on the card. With the Amex Platinum, you'll earn 5 points per dollar on airfare purchased directly with the airlines or through the Amex Travel portal (on up to $500,000 of airfare purchases per calendar year). Plus, you'll earn 5 points per dollar on prepaid hotels booked with Amex Travel.
Trip Delay Insurance
Platinum Card Members and Additional Platinum Card Members may enroll (or upgrade an existing membership) directly into Marriott Bonvoy™ Gold Elite Status, bypassing the usual annual minimum night/stay requirements. Once enrollment is completed, the Card Member may take advantage of the Gold Elite benefits at hotels participating in Marriott Bonvoy. Of course, the Amex Platinum card is known for offering access to Centurion Lounges, and that’s the lounge network most would cite as one of their favorite benefits of the Amex Platinum card. I get it — Centurion Lounges, while a bit overcrowded, are fantastic. However, more often than not, there are other lounges I can access instead of Centurion Lounges. On top of that, complimentary guest access was taken away in February of 2023, so I can’t bring my husband and daughter into the lounge.
The Best Credit Cards With Free Airport Lounge Access of 2024 - Business Insider
The Best Credit Cards With Free Airport Lounge Access of 2024.
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How to add additional cardholders
You can redeem Membership Rewards points for travel, gift cards, or statement credits. The best value is typically to transfer your points to one of Amex’s 20 airline and hotel partners. You can redeem Membership Rewards points by logging into your account and navigating to the “rewards” section. The card grants access to over 1,400 airport lounges worldwide through Priority Pass Select membership and the American Express Global Lounge membership.
Access to the Fine Hotels + Resorts and Hotel Collection
This covers the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cardholders can get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when they pay with the Platinum Card®. Enrollment may be required for select American Express benefits and offers.
The Platinum Card® from American Express
If you already are a Schwab customer, you might be eligible for a bonus of $100 or $200 after account approval and each year after that, depending on the size of your account balances. But even if you're using this for non-bonus spending, it can be a great deal. Those 1.5x points aren't the highest possible return you can get. They share many common features, including the sleek metal design and access to Amex Offers.
RSVP to tailored events and specially curated experiences through By Invitation Only®. We customize once-in-a-lifetime events – from sporting and fashion to fine dining, art and performances – exclusively for our Platinum Card® Members. Simply download the Uber app and add your Platinum Card to your Uber account to get started. Get the latest travel tips, crucial news, flight & hotel deal alerts... Katie has been in the points and miles game since 2015 and started her own blog in 2016.
Best Credit Cards To Pair With the Amex Platinum
Credit card companies are rethinking their premium card products. For years, one of the most popular and iconic rewards cards has been The Platinum Card® from American Express. Because it's a premium rewards card, the Amex Platinum Card is harder to get approved for than some other popular cards. Amex will look at your credit score, income, and other factors when it considers your application.
If you paid for a covered trip with the Amex Platinum Card and it's canceled or cut short for a covered reason, you could be reimbursed up to $10,000 per trip and up to $20,000 per card per consecutive 12-month period. The card is even one of our picks for best cards for travel insurance. The Amex Platinum Card offers secondary car rental insurance when you use the card to pay for your rental in full and decline the rental company's collision damage waiver. Coverage is for theft or damage only (not liability) and some rentals, vehicle types, and countries are excluded, so be sure to read the terms. The programs cost $78 to $100, and American Express will provide a credit for that fee every four years (memberships are valid for five years). A premium card typically requires a top-notch score and the Amex Platinum is no exception.
You can also see how this card matches up against other travel card alternatives by checking out our list of the best credit cards. Robin Saks Frankel is a credit cards lead editor at USA TODAY Blueprint. Previously, she was a credit cards and personal finance deputy editor for Forbes Advisor.
You earn more with The Platinum Card® from American Express, but you also have to spend more than with other flexible travel rewards cards. But, as you earn points with every purchase, the lower value can still be worth the higher purchase rewards if you spend a lot of money on airlines and hotels. The Platinum Card® from American Express is a favorite among points and miles enthusiasts.
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