Review
American Express Platinum Card® Review: Premium Perks for Frequent Travelers
Discover if the American Express Platinum Card®'s premium travel benefits, from unparalleled lounge access to valuable credits, justify its high annual fee for frequent flyers. Unpack whether its luxury perks make it your ultimate travel companion.
American Express
Platinum Card®
| Annual Fee | $895.00 |
| Sign-up Bonus | Up to 175,000 points |
| Rewards Rate | 1X-5X Points |
| Regular APR | APR for Pay Over Time Feature: 19.49% to 28.49% variable APR on eligible charges. |
| Other Fees | The annual fee each Additional Additional Platinum Card® is $195. There is no annual fee for Companion Platinum Cards. |
Overview
Pros & Cons
What's great
- Generous sign-up bonus
- High rewards rate on travel purchases
- No foreign transaction fees
- Extensive luxury travel benefits including lounge access and elite status
- Valuable credits for a variety of lifestyle and entertainment expenses
- Comprehensive travel and purchase protection features
Things to consider
- Very high annual fee
- High regular APR for Pay Over Time feature
- Limited high-value rewards categories
- No intro APR period
Benefits
Drawbacks
Decision Guidance
Summary
The American Express Platinum Card earns an overall rating of 2.8, placing it in the 'Fair' category. This reflects a card with exceptional potential value for a very specific type of consumer, but also significant limitations and costs that make it...