Review
American Express Platinum Card® Review: Luxury Travel Perks for Frequent Flyers
Is the Amex Platinum Card worth its hefty annual fee? Our review breaks down its massive travel rewards, Centurion Lounge access, and valuable statement credits to help you decide.
American Express
Platinum Card®
| Annual Fee | $895.00 |
| Regular APR | APR for Pay Over Time Feature: 19.49% to 28.49% variable APR on eligible charges. |
| Rewards Rate | 1x-5x Points |
| Sign-up Bonus | Up to 175,000 Membership Rewards points |
Overview
Pros & Cons
What's great
- Generous sign-up bonus
- High rewards rate on flights and hotels
- Luxury perks
- Lounge membership
- Automatic elite status
- No foreign transaction fees
- Statement credits for various services
Things to consider
- High annual fee
- High regular APR
- Requires good or excellent credit
- Limited rewards categories
Benefits
Drawbacks
Decision Guidance
Summary
The Platinum Card from American Express presents a mixed bag of exceptional benefits offset by a high annual fee and the effort required to maximize its value. Its strengths lie in the strong rewards rate on select travel purchases (flights and hotel...