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Amex Platinum Card Review: Premier Value for the Right Type of Card Member

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The Platinum Card® from American Express has a huge list of features that could save you thousands of dollars. You'll get elite status with multiple hotels, great airport lounge access, and all kinds of spending credits. Select enrollment required and terms apply. But all that comes with a steep annual fee (see rates and fees) -- find out if it's worth it for you in this The Platinum Card® from American Express review.

  • The high annual fee is justifiable for frequent travelers who can take full advantage of a deep bench of valuable perks, including the big welcome bonus, robust rewards, and lucrative annual travel credits.

    • Big welcome bonus offer
    • Substantial spending credits
    • Airport lounge access
    • Hotel benefits
    • Flexible travel points
    • Annual fee
    • Limited bonus categories
    • Earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
    • 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.
    • Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card®. And if you fly, you can receive up to $200 in statement credits per calendar year after you select a qualifying airline and incidental fees are charged by the airline to your Platinum Card®.
    • $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
    • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax. Plus Ups are excluded.
    • American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. There are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
    • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
    • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
    • $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card®. Enrollment required.
    • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at select airports and stadiums.
    • $695 annual fee.
    • Terms Apply.
The Platinum Card® from American Express
Apply Now for The Platinum Card® from American Express

On American Express' Secure Website.

Terms apply

Full Amex Platinum Card review

This card is a good fit for: Luxury travelers who want to save on high-end bookings. If you'd like to upgrade your travels, you'll get value from this card's lengthy list of benefits.

Top perks

You probably won't find a card more feature-packed than The Platinum Card® from American Express.

100,000 bonus points

You'll earn a welcome bonus of 100,000 bonus points for spending $6,000 on purchases within the first six months of Card Membership. The offer and spending minimum are fairly competitive with popular sign-up bonuses. Terms apply.

Ongoing rewards program

This card earns bonus points in an array of categories:

  • 5 points per dollar on flights booked directly with airlines and through American Express Travel, on up to $500,000 in purchases per calendar year
  • 5 points per dollar on prepaid hotels booked on amextravel.com
  • 1 point per dollar on all other purchases
  • Terms apply.

High rates on flights and hotels, plus that fantastic welcome offer, all help to maximize your rewards.

$200 annual Uber Cash and Uber VIP status

American Express cardholders get cash toward Uber rides and an automatic bump up to Uber VIP status. Uber Cash is doled out in monthly installments of $15 each (plus an extra $20 in December). The only frustrating part is that any unused cash amount won't roll over to the next month, so you need to use Uber frequently to get the most from this benefit. Terms apply.

$200 annual airline fee credit

After you choose a qualifying airline, you'll automatically get up to $200 in annual statement credits for airline fees. This covers anything an airline classifies as a fee, such as checked luggage charges and in-flight food or beverages. Just keep in mind that the credit won't cover airfare. Terms apply.

Learn more: Best Travel Rewards Credit Cards

CLEAR® credit

The Platinum Card® from American Express will reimburse your membership fee for the CLEAR® program you are enrolled in, up to $189 per year. Reimbursement is in the form of a statement credit. Terms apply.

Airport lounge access

A card is only as good as its rewards program, and this one doesn't disappoint. Few issuers can rival American Express's list of airline and hotel partners. And all those partners add up to more high-value redemption opportunities for your points. Used w, e to access Delta Sky Club® lounges, International American Express Lounges, and American Express Centurion® lounge and Studio locations worldwide. The latter are known to be more luxurious than the typical airport lounge. For a frequent flyer, airport lounge access is a great way to upgrade your travels. Terms apply.

American Express Membership Rewards points

A card is only as good as its rewards program, and this one doesn't disappoint. Few issuers can rival American Express's list of airline and hotel partners. And all those partners add up to more high-value redemption opportunities for your points. Used wisely, American Express Membership Rewards points can easily be worth $0.02 per point. With some shopping around and a little luck, you could even find a redemption option that gives you $0.05 per point or more. Terms apply.

Complimentary elite status with Marriott Bonvoy and Hilton

Being a Card Member entitles you to automatic Marriott Bonvoy™ Gold Elite Status and Hilton Honors Gold Status, so you'll get all the associated benefits. Enrollment required. Terms apply.

Travel and purchase protections

American Express cards generally have robust travel and purchase protections. Here are the complimentary protections that apply to every eligible purchase made with The Platinum Card® from American Express:

No foreign transaction fees

Avoiding extra fees is a must, especially when you're a frequent traveler. As you probably expected, American Express won't ding you with a foreign transaction fee when you use this card internationally. (See rates and fees)

See more: Best No Foreign Transaction Fee Credit Cards

Alternatives to consider

If you want easier-to-use benefits: The Chase Sapphire Reserve® charges a high annual fee as well, bit it lets you redeem points through the Chase travel portal at $0.015 per point or transfer points to a long list of airline and hotel partners.

If you want a more affordable American Express card: You can get the American Express® Gold Card for a more reasonable annual fee of $250 (see rates and fees). Despite the lower cost, this card still offers hundreds of dollars in spending credits and an excellent rewards rate. Terms apply.

Related: Read The Ascent's guide to the Best American Express Credit Cards.

As of Aug. 04, 2022
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The Platinum Card® from American Express Chase Sapphire Reserve® American Express® Gold Card
Apply Now for The Platinum Card® from American Express

On American Express' Secure Website.

Terms apply

Apply Now for Chase Sapphire Reserve®

On Chase's Secure Website.

Apply Now for American Express® Gold Card

On American Express' Secure Website.

Terms apply

Rates & Fees Rates & Fees

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer: Info Icon Circle with letter I in it.

100,000 Membership Rewards® Points

Welcome Offer: Info Icon Circle with letter I in it.

60,000 points

Welcome Offer: Info Icon Circle with letter I in it.

60,000 Membership Rewards® Points

Rewards Program: Info Icon Circle with letter I in it.

1x - 5x points

Rewards Program: Info Icon Circle with letter I in it.

1x - 10x points

Rewards Program: Info Icon Circle with letter I in it.

1x - 4x points

Intro APR:

Purchases: N/A

Balance Transfers: N/A

Intro APR:

Purchases: N/A

Balance Transfers: N/A

Intro APR:

Purchases: N/A

Balance Transfers: N/A

Regular APR:

See Pay Over Time APR

Regular APR:

18.49% - 25.49% Variable

Regular APR:

18.24%-25.24% Variable

Annual Fee:

$695

Annual Fee:

$550

Annual Fee:

$250

Highlights:

  • Earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
  • 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.
  • Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card®. And if you fly, you can receive up to $200 in statement credits per calendar year after you select a qualifying airline and incidental fees are charged by the airline to your Platinum Card®.
  • $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
  • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax. Plus Ups are excluded.
  • American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. There are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
  • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
  • $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card®. Enrollment required.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership. CLEAR® is available at select airports and stadiums.
  • $695 annual fee.
  • Terms Apply.

Highlights:

  • New Offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on air travel and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $900 toward travel
  • With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more

Highlights:

  • Earn 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® Points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® Points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • Updated $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
Apply Now for The Platinum Card® from American Express

On American Express' Secure Website.

Terms apply

Apply Now for Chase Sapphire Reserve®

On Chase's Secure Website.

Apply Now for American Express® Gold Card

On American Express' Secure Website.

Terms apply

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What could be improved

Even the top card in the American Express lineup has a few drawbacks.

Annual fee

The Platinum Card® from American Express benefits carry a high price tag. With a $695 annual fee (see rates and fees), it's one of the most expensive cards. To decide whether that fee is worth paying, you'll need to look at how many of the benefits you can use. You could get thousands of dollars in value every year in spending credits, rewards, and travel and shopping perks. If you don't think those features will fit your lifestyle, you should look for other credit card options.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

A FICO® Score of at least 670 is recommended when applying for The Platinum Card® from American Express, and a score of 720 or higher is even better. Since this is one of the most luxurious cards, it's targeted at consumers with good or preferably excellent credit. Keep in mind that your credit score is just one of many factors American Express will consider, so that alone doesn't guarantee an approval or a denial.

Amex Platinum Card is right for you if:

The Platinum Card® from American Express is designed for frequent travelers who have high monthly spending and prioritize luxury travel experiences. You'll probably love it if most or all of the following describe your lifestyle:

  • You spend heavily on travel
  • You like to stay in nice hotels or resorts on your trips.
  • You fly a half dozen times or more each year.
  • You can make the most of the wide array of credits offered.

Read more: Best Rewards Credit Cards

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