Amex Platinum card evaluation: Excessive annual payment with a load of perks

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The Platinum Card® from American Specific overview

Whereas it has a excessive annual payment, The Platinum Card® from American Specific is among the high premium journey rewards playing cards. As an Amex Platinum cardmember, you’ll earn invaluable Membership Rewards factors, obtain as much as $1,500 in annual assertion credit (so long as you may make the most of them), have entry to an intensive community of airport lounges worldwide and extra. Card score*: ⭐⭐⭐⭐½

*Card score is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

Nowadays it looks as if each financial institution, airline and resort provides a premium journey rewards card. However for a very long time, The Platinum Card from American Specific was the one premium rewards card in the marketplace. When you had an Amex Platinum Card, with its glossy design and hefty metallic weight, there was a way of cachet.

That also exists, although just a few opponents within the luxurious card class have emerged in recent times, together with the Chase Sapphire Reserve and the Capital One Enterprise X Rewards Credit score Card. While you stack them up towards each other, the Amex Platinum shines in methods the others don’t. Nevertheless it falls flat in some areas, too.

The Amex Platinum has undergone some important modifications in recent times and now carries a steep $695 annual payment (see charges and costs) — one of many highest in the marketplace. That’s why individuals typically ask whether or not the Amex Platinum continues to be definitely worth the annual payment, even with the brand new perks.

It definitely nonetheless ranks as among the finest journey bank cards on the market, and it is presently providing a welcome bonus of 80,000 Membership Rewards factors after you spend $6,000 on purchases throughout the first six months of card membership. Nevertheless, that does not imply it is proper for each traveler.

Let’s dig into the small print and advantages to see whether or not having the Amex Platinum in your pockets is smart for you.

Apply now: The Platinum Card from American Specific with an 80,000-point bonus.

Who is that this card for?


Based mostly on the hefty $695 annual payment, you may assume that the Amex Platinum solely advantages first-class flyers and large spenders. However though the cardboard provides fairly just a few luxurious advantages, there are various methods to maximise them in addition to some lesser-known perks you may not concentrate on.

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Specifically, the Amex Platinum could make journey higher for almost anybody. For instance, households can make the most of the up-to-$200 annual airline payment assertion credit score to cowl extra baggage prices, in addition to inflight meals and leisure purchases to maintain youngsters blissful whereas within the air. Enrollment is required for choose advantages.

Likewise, lounge entry with scorching meals, free Wi-Fi and clear showers could make all of the distinction after a protracted journey. Late nights or prolonged layovers could be a lot much less comfy (and costlier) and not using a lounge during which to unwind. And resort advantages akin to complimentary elite standing (enrollment is required) and entry to Amex’s High quality Lodges + Resorts program may be helpful even when touring on a price range.

Associated: Who ought to (and who shouldn’t) get the American Specific Platinum Card?

Amex Platinum Welcome provide: As much as $1,600 in worth

The present welcome bonus for the Amex Platinum is 80,000 Membership Rewards factors after you spend $6,000 on purchases throughout the first six months of card membership. In response to TPG’s month-to-month valuations, Amex Membership Rewards factors are value 2 cents every, making this 80,000-point bonus value $1,600. That’s almost thrice the cardboard’s $695 annual payment.


Amex can be providing as much as 125,000 or 150,000 factors to focused people by means of the CardMatch device, by means of snail mailings and even when logging in to their different card accounts on-line in some instances. These provides are topic to vary at any time and usually are not essentially out there to everybody. Nevertheless it’s value checking to see if you happen to’re eligible, particularly for the reason that 125,000- or 150,000-point provides are value a staggering $2,500 or $3,000 (respectively), based mostly on TPG valuations.

Fundamental advantages and perks


After all, what actually units The Platinum Card from American Specific aside is the truth that it confers a few of the finest membership advantages of any card. Let’s have a look:

  • As much as $200 in assertion credit yearly for incidental charges charged by one airline you choose.*
  • As much as a $200 annual resort credit score, within the type of an announcement credit score, on pay as you go Amex High quality Lodges + Resorts or The Lodge Assortment bookings with Amex Journey once you pay together with your Amex Platinum (Lodge Assortment stays require a two-night minimal).*
  • Uber VIP standing and as much as $200 in Uber Money, cut up into month-to-month $15 credit for U.S. rides plus a $20 bonus in December.*
  • As much as $189 in annual Clear credit score to cowl your annual membership.*
  • As much as $240 in annual digital leisure credit score, within the type of $20 in month-to-month assertion credit once you pay for eligible purchases with the Amex Platinum at eligible companions.*
  • As much as $300 in annual Equinox credit score on choose Equinox fitness center or Equinox+ app memberships.*
  • As much as a $155 assertion credit score that covers the price of a month-to-month Walmart+ membership when paying with the Amex Platinum. Plus Ups are excluded.
  • As much as a $100 assertion credit score for International Entry each 4 years or an $85 payment credit score for TSA PreCheck each 4 1/2 years (relying on which utility payment is charged to your card first).
  • As much as a $100 Saks Fifth Avenue credit score, cut up into two $50 assertion credit between January and June then July by means of December.*
  • Entry to the American Specific International Lounge Assortment, together with Centurion Lounges, Precedence Go lounges, Airspace lounges, Escape lounges, Plaza Premium lounges and Delta Sky Golf equipment (when touring on same-day Delta flights).*
  • Complimentary Gold standing with Hilton Honors and Marriott Bonvoy.*
  • Complimentary automotive rental standing: Hertz Gold Plus Rewards Rewards President’s Circle, Avis Most popular Plus and Nationwide Emerald Membership Government Elite.*
  • Entry to Amex High quality Lodges + Resorts and The Lodge Assortment.
  • In case your journey is delayed by greater than six hours due to a lined cause, you might be eligible to be reimbursed as much as $500 per lined journey for cheap extra bills. (Underwritten by New Hampshire Insurance coverage Firm, an AIG Firm.)**
  • If it’s good to cancel or interrupt your journey due to a lined cause, you might be eligible for reimbursement of as much as $10,000 per lined journey. (Underwritten by New Hampshire Insurance coverage Firm, an AIG Firm.)**
  • Prolonged guarantee profit extends eligible producer’s warranties of 5 years or much less by as much as one extra 12 months. (Underwritten by AMEX Assurance Firm.)**
  • Buy safety protects current purchases towards theft, unintentional injury or loss for as much as 90 days from the acquisition date. (Underwritten by AMEX Assurance Firm.)**
  • Return safety on eligible gadgets inside 90 days from the acquisition date if the service provider gained’t take the merchandise again.**

*Enrollment is required for choose advantages.

**Eligibility and profit stage varies by card. Phrases, circumstances and limitations apply. Please go to for extra particulars.

Now let’s take a better take a look at a few of the Amex Platinum’s high perks.

Airport lounge entry


The Amex Platinum offers you entry to Centurion Lounges, arguably the most effective community of airport lounges within the U.S. Amex has spent numerous assets constructing these amenities, they usually’re value each penny, with meals menus from award-winning native cooks and top-shelf cocktails at every location.

While you’re in a metropolis and not using a Centurion Lounge, you’ll doubtless produce other choices as a result of the Amex Platinum additionally comes with a complimentary Precedence Go membership, providing you with entry to greater than 1,300 lounges worldwide. Plus, you may entry Airspace and Escape lounges. And you’ve got Delta Sky Membership entry once you’re flying on the identical day with Delta.

Observe, nevertheless, that you’re going to now should spend $75,000 in a calendar 12 months to carry company right into a Centurion Lounge with you; in any other case, it will price $50 per grownup visitor and $30 per little one visitor.

Luxurious resort perks

The Amex Platinum additionally provides spectacular perks for resort stays.

Past the brand new $200 annual resort assertion credit score, you and any Platinum Card licensed customers in your account can register for complimentary Hilton Honors Gold standing and Marriott Bonvoy Gold Elite standing. These resort elite statuses can present many perks, together with elevated earnings on stays and space-available upgrades. Within the case of Hilton Honors Gold standing, you’ll even get a meals and beverage credit score (or complimentary breakfast) at many of the chain’s manufacturers.

Amex Platinum cardholders can ebook stays by means of Amex’s High quality Lodge + Resorts program, which gives elite-like advantages at taking part properties. Particularly, you’ll get complimentary breakfast for 2, midday check-in when out there, a assured 4 p.m. late checkout, free Wi-Fi, room upgrades when out there and a profit particular to every resort value at the very least $100.

The way to earn factors with the Amex Platinum


With the Amex Platinum, you’ll earn 5 factors per greenback on airfare bought instantly with the airways or by means of the Amex Journey portal (on as much as $500,000 of airfare purchases per calendar 12 months). Plus, you’ll earn 5 factors per greenback on pay as you go motels booked with Amex Journey.

These 5-point classes are a wonderful option to earn a lot of Membership Rewards factors. Based mostly on TPG valuations, incomes 5 factors per greenback gives a ten% return.

All different purchases earn simply 1 level per greenback, however Platinum cardmembers are eligible for focused Amex Gives that might enhance incomes charges at varied retailers (together with Amazon).

The way to redeem factors with the Amex Platinum

Membership Rewards factors are some of the invaluable and versatile loyalty currencies ever created on the subject of redeeming factors.

Every Membership Rewards level is value 2 cents, thanks largely to this system’s 18 airline and three resort switch companions. These embody at the very least one useful possibility in every main airline alliance: SkyTeam, Star Alliance and Oneworld.

Transferring your factors to the correct airline or resort program is normally one of the simplest ways to maximise your Membership Rewards factors‘ worth. Level transfers are on the spot to the overwhelming majority of those companions. And even the laggards solely take 48 hours at most to switch in our frequent testing.


You too can use your Membership Rewards factors to ebook journey instantly by means of American Specific Journey. But when the private Amex Platinum is the one Amex card in your stock, utilizing factors for airfare and resort redemptions this fashion gained’t get you wonderful worth. You’ll get just one cent per level once you redeem the factors instantly for airfare at Amex Journey and fewer than 1 cent per level when redeeming for resort rooms.

Nevertheless, suppose you even have The Enterprise Platinum Card® from American Specific. In that case, you’ll get one of many perfect direct level redemptions out there. This can be a results of the 35% factors rebate for first-class and business-class flights on any airline plus financial system flights in your chosen airline (as much as 1 million bonus factors again per calendar 12 months).

Associated: Listed below are 9 of our favourite methods to make use of Amex Membership Rewards factors

Which playing cards compete with the Amex Platinum?

There are another compelling premium bank cards that go head-to-head with the Amex Platinum.

Chase Sapphire Reserve

Probably the most direct competitor to the Amex Platinum is the Chase Sapphire Reserve.

The Sapphire Reserve is available in at a decrease $550 annual payment however provides a $300 journey credit score and a few of the finest journey protections out there. Nevertheless, it may’t beat the Amex Platinum on the subject of perks akin to lounge entry and resort advantages.

When deciding between these two playing cards, all of it comes all the way down to your spending and journey habits. The Chase Sapphire Reserve has extra versatile bonus classes, incomes 3 factors per greenback on a variety of journey and eating purchases (after the $300 annual journey assertion credit score). Then again, the Amex Platinum has a number of bonus-earning carve-outs on airfare and motels.

You should use the Chase Sapphire Reserve’s $300 journey credit score for any journey purchases, whereas the airline payment credit score on the Amex Platinum is definitely tougher to set off. Nevertheless, the array of different assertion credit on the Platinum Card can doubtlessly be far more invaluable.

As well as, the Chase Sapphire Reserve doesn’t maintain a candle to the Amex Platinum on the subject of lounge entry, nor does it will let you register for elite standing with any resort loyalty packages just like the Amex Platinum does.

If flexibility in your perks is what it’s good to take full benefit of your journey card, then the Chase Sapphire Reserve could also be a more sensible choice. However, if you realize you’ll have the ability to maximize most, if not all, of the Amex Platinum advantages, it’s a greater possibility that may prevent much more cash annually.

Learn extra: Amex Platinum vs. Chase Sapphire Reserve: Which card is best for you?

Capital One Enterprise X Rewards Credit score Card


Capital One’s premium rewards card, the Enterprise X, packs a punch and comes with a way more inexpensive $395 annual payment.

It’s presently providing a sign-up bonus of 75,000 bonus miles once you spend $4,000 on purchases within the first three months from account opening.

The Enterprise X is doubtlessly extra profitable than the Amex Platinum on the subject of incomes. It accrues 10 miles per greenback on motels and automotive leases booked by way of Capital One Journey, 5 miles per greenback on flights booked by way of Capital One Journey and a limiteless 2 miles per greenback on all the things else. So if you happen to can ebook journey by means of Capital One, you’ll come out forward, and that on a regular basis incomes charge handily beats the Amex Platinum’s.

The Enterprise X provides as much as $300 again in assertion credit yearly for bookings made by means of Capital One Journey plus 10,000 bonus miles each account anniversary, beginning in your first anniversary (value $100 towards journey). Cardholders are additionally eligible for as much as $100 again in assertion credit each 4 years for a International Entry or TSA PreCheck utility.

Just like the Amex Platinum, you may register for Precedence Go with the Enterprise X and may also acquire entry to Plaza Premium lounges. Nevertheless, the issuer has solely opened a single location of its proprietary Capital One Lounges, at Dallas-Fort Price (DFW), so it trails the Amex Platinum on this respect. You possibly can, nevertheless, add as much as 4 licensed customers to your Enterprise X account totally free they usually obtain the identical lounge entry advantages (amongst others) as the first cardholder.

Capital One additionally now boasts a luxurious resort program known as Premier Assortment, although the variety of taking part properties dwarfs that of High quality Lodges + Resorts.

When you’re searching for a extra inexpensive various to the Amex Platinum, the Enterprise X could be your only option, although the variety of advantages it provides pales as compared to people who include the Amex Platinum.

Learn extra: One 12 months in, here is why TPG staffers are loving the Capital One Enterprise X card

Backside line

Suppose you may take full benefit of greater than $1,400 in annual assertion credit annually. In that case, The Platinum Card from American Specific is among the most compelling rewards playing cards round, particularly if you happen to journey sufficient to make the resort statuses and lounge advantages helpful, or store sufficient to get substantial worth out of the buying protections.

The Amex Platinum’s $695 annual payment is steep. However the varied annual credit can recoup the complete price (and extra), even earlier than you even take into account the cardboard’s different perks. Plus, new candidates can presently snag 80,000 Membership Rewards Factors after spending $6,000 on purchases throughout the first six months of card membership.

Official utility hyperlink: The Platinum Card from American Specific.

Verify the CardMatch device to see if you happen to’re focused for a 125,000- or 150,000-point Platinum Card provide (after assembly minimal spending necessities). These provides are topic to vary at any time.

For charges and costs of the Amex Platinum, click on right here.

Extra reporting by Ryan Wilcox, Chris Dong, Stella Shon, Katie Genter and Eric Rosen.

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