The Amex Platinum's Hotel Credit Just Shot Up to $600 a Year. Should You Sign Up?
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Now newly updated, The Platinum Card® from American Express comes with nearly $1,500 in new perks -- but its expanded hotel credit might be the most valuable of all.
You can now get a credit of up to $600 a year on select hotel stays with your Amex Platinum Card (terms apply), a $400 increase. That's more than enough to cover the increase in the Amex Platinum Card's annual fee, which went up from $695 to $895 (see rates and fees).
Want to travel in style on your next getaway? Here's how the updated Amex Platinum Card can help you do it.
Hotel credits worth up to $600 a year
With the Amex Platinum Card, you'll now get up to $300 back twice a year on prepaid bookings through Amex Travel at Fine Hotels + Resorts or The Hotel Collection (terms apply). Between the two, that's more than 2,600 luxury properties worldwide to choose from.
The best way to get value here is to book twice a year -- once in the first half of the year, then again in the second half. That way, you'll get the full $300 credit on each of your two bookings. (Judging by the prices, getting the full $300 shouldn't be hard to do.)
Also note that there's a two-night minimum stay for The Hotel Collection. Hit those requirements, and you've already covered two-thirds of the Amex Platinum Card's $895 annual fee.
Ready to get $600 a year in hotel credits? Read our full review of the updated Amex Platinum Card to apply today.
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Rewards Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel® up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel®. 1X Membership Rewards® Points on other purchases. Terms apply.
1X-5X Membership Rewards® Points
Annual Fee
$895
Welcome Offer You may be eligible for as high as 175,000 Membership Rewards® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.
As High As 175,000 points. Find Out Your Offer.
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The Platinum Card® from American Express isn’t just a credit card — it’s a status symbol. With over $3,500 in annual credits like $400 for dining with Resy, $600 in luxury hotel stays, and $300 in digital entertainment, plus VIP access to 1,550 airport lounges and automatic Hilton and Marriott Bonvoy elite status (enrollment required), it delivers prestige few cards can match. The fee is steep, but for those who want the best, the Platinum can more than pay for itself — starting with a powerful welcome offer. Terms apply.
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- Big welcome offer
- Substantial spending credits
- Airport lounge access
- Hotel benefits
- Flexible travel points
- Annual fee
- Limited bonus categories
- Spending credits can be complicated to manage
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- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
- More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
- More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
- More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card® at participating partners. Enrollment required.
- More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
- New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
- More Value! $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
- Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
- New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
- $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card®. *Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
- $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card®. That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- $895 annual fee.
- Terms Apply.
Over $1,000 in other new perks
The updated Amex Platinum Card has a ton of other new and expanded perks worth mentioning. They include:
- $400 in annual Resy credits -- Get up to $100 back each quarter on eligible dining at Resy restaurants.
- $300 in annual lululemon credits -- Get up to $75 back per quarter on eligible purchases at lululemon in the U.S.
- $300 in annual digital entertainment credits -- Get up to $25/month for eligible services when you pay with your Amex Platinum Card. Services include Disney+, ESPN+, Hulu, The New York Times, Paramount+, YouTube Premium, and YouTube TV.
- A $209 annual CLEAR® Plus Credit -- Covers a yearly CLEAR® Plus membership to help you speed through airport security.
- A $200 Oura Ring credit -- Get up to $200 back annually when you buy an Oura Ring, the popular health-tracking accessory.
- $120 in annual Uber One Credits -- The Amex Platinum Card will now cover the cost of Uber's premium membership, Uber One, with perks like discounted rides, $0 delivery fees with Uber Eats, and more.
- Terms apply; enrollment may be required
If you can use even a few of these new perks, you've covered most or all of the Amex Platinum Card's annual fee. And that doesn't even factor in the card's existing perks and spending rewards.
Is the new Amex Platinum Card right for you?
An $895 annual fee isn't chump change, but the Amex Platinum Card more than makes up for it with over $3,500 a year in perks. It's a great fit for you if:
- You're a frequent traveler: If you use the $600 in hotel credits, plus the $209 CLEAR® Plus credit, you've already almost covered the annual fee. You'll also get valuable lounge access, travel protections, strong earning rates on travel, and more (terms apply).
- You're a big spender: If you're already spending a lot on streaming services, or places like lululemon and Uber, the Amex Platinum Card can put hundreds back in your pocket each year.
Just keep in mind that you only need to use a third or so of the Amex Platinum Card's perks to make it worth it. When you think of it like that, $895 a year isn't too tough to swallow.
Want to start traveling in style today? Apply for the Amex Platinum Card using the link above, or check out our list of the best luxury credit cards to explore other options.
Our Research Expert
Ryan Wilcox is a full-time Personal Finance Writer at Motley Fool Money, covering credit cards, bank accounts, investing, auto insurance, and other personal finance topics. Ryan has been writing about credit cards and savings since 2022. Before joining Motley Fool Money, he was a full-time writer at The Points Guy, where he focused on maximizing credit card rewards and travel strategies. He holds a bachelor’s degree in English and American History from the University of North Carolina at Chapel Hill, where he also spent four years reporting for The Daily Tar Heel. With a background in both journalism and consumer finance, he brings a clear and thoughtful voice to money topics. Outside of work, Ryan is likely reading, writing, or updating his Letterboxd account.
Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express.
For rates and fees for the The Platinum Card® from American Express, click here