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American Express

Platinum Card®

TravelLuxuryAirlineHotelDiningExcellent CreditCash Back

Key Features

Annual Fee$895.00
Regular APR
APR for Pay Over Time Feature: 19.49% to 28.49% variable APR on eligible charges.
NetworkAmerican Express
Read the full review
Best for those with
Excellent Credit

About this card

The Platinum Card from American Express is a premium travel and lifestyle card with a high annual fee and a complex rewards structure. Its strengths lie in its generous sign-up bonus, high rewards rate on flights and hotels, extensive luxury perks (like lounge access and hotel credits), and a strong reputation for customer service. However, it is significantly weakened by its high annual fee ($895), high regular APR, and the fact that many of its benefits require enrollment and specific spending to maximize value. The card's value proposition is heavily dependent on the cardholder's ability to utilize its numerous statement credits and travel perks, which makes it less appealing to those who prefer simple rewards programs or do not travel frequently. Considering the high cost and the need for active management to realize its full potential, the overall rating is 2.8 out of 5. It's a card that can provide excellent value to the right customer, but it's not a universally good choice.

2.8
Overall Rating

Pros & Cons

What's great

  • Generous sign-up bonus
  • High rewards rate on flights and hotels
  • Luxury perks
  • Lounge membership
  • Statement credits for various services

Things to consider

  • High annual fee
  • High regular APR
  • Limited rewards categories
  • Requires enrollment for some credits

What this card offers

Sign-up bonuses

  • AS HIGH AS 175,000 Membership Rewards® points after you spend $8,000 in purchases on your new Card within the first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer.

Rewards

  • 5X Points on Flights
  • 5X Points on Prepaid Hotels
  • 1X Points On Other Purchases

Other features

  • Global Lounge Collection 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, Priority Pass Select membership (enrollment required), and other select partner lounges.
  • $600 Hotel Credit With over 3,000 hotels – and more hotels than any other credit card company where you can access a suite of special benefits – get up to $300 back in statement credits semi-annually on prepaid Fine Hotels + Resorts or The Hotel Collection bookings through Amex Travel.
  • $200 Uber Cash Add your Platinum Card® to your Uber account to start receiving $15 in Uber Cash each month, plus a bonus $20 in December, to use on rides and orders in the U.S. when you select an Amex Card for your transaction.
  • $120 Uber One Credit As a Platinum Card® Member, you can get up to $120 in statement credits each calendar year after you purchase an auto-renewing Uber One membership with your Card. Terms apply.
  • $200 Airline Fee Credit Earn up to $200 per calendar year in statement credits after incidental fees are charged by your one selected qualifying airline to your Card.
  • Fine Hotels + Resorts® With over 1,800 properties worldwide, when you book Fine Hotels + Resorts® through AmexTravel.com, you can receive a suite of benefits with an average total value of $550 in perks.
  • $209 CLEAR® Plus Credit You can receive up to $209 in statement credits per calendar year after you sign up and pay for a CLEAR Plus Membership (subject to auto-renewal) with your eligible American Express Card.
  • $400 Resy Credit Get up to $100 in statement credits each quarter when you use the Platinum Card® to make eligible purchases with Resy, including dining purchases at over 10,000 U.S. Resy restaurants. Enrollment required.
  • $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.
  • Global Dining Access by Resy Get special access to sought-after restaurants when you add your Platinum Card® to your Resy profile. Access to Exclusive reservations, premium dining experiences, Priority Notify, and more, all from Resy.com or the Resy app.
  • $300 lululemon Credit You can receive up to $75 in statement credits each quarter when you use the Card for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. Enrollment required.
  • $155 Walmart+ Credit Get up to a $12.95 statement credit back each month after you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Platinum Card®.
  • $100 Saks Credit Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $200 Oura Ring Credit Oura Ring can help you meet your health goals. You can receive up to $200 in statements credits when you use the Platinum Card® to purchase an Oura Ring at Ouraring.com each calendar year. Enrollment required.
  • $300 Equinox Credit Get up to $300 in statement credits each year at Equinox. Simply use your Platinum Card® to pay for an Equinox+ digital subscription, or an Equinox club membership subject to auto-renewal. Enrollment required.
  • Card Member Services 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.

Additional Notes

Know if you’re approved with no credit score impact. Now in a limited-edition mirror design, or choose classic Platinum when applying.

Ratings

4.3
3.8
2.8
1.5
1.8