Review
American Express Platinum Card® Review: Luxury Travel Perks for the Frequent Flyer
Is the American Express Platinum Card® worth the high annual fee? Our review breaks down the card's luxury travel perks, valuable statement credits, and who will benefit the most.
American Express
Platinum Card®
| Annual Fee | $895.00 |
| Sign-up Bonus | Up to 175,000 Membership Rewards 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 for each 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 some travel purchases
- Luxury perks
- Lounge membership
- Automatic elite status with hotels
- No foreign transaction fees
Things to consider
- Very high annual fee
- High regular APR
- Limited rewards categories
Benefits
Drawbacks
Decision Guidance
Summary
The American Express Platinum Card is a premium travel and lifestyle card with a plethora of benefits and a high annual fee, making its overall rating somewhat complex. Its strengths include a high rewards rate on select travel purchases, a substanti...