Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
- Garrett Yarbrough, BankrateAmex’s enhanced Platinum Card luxury travel benefits, rewards and yearly credits are a fantastic value for frequent flyers since the perks nearly recoups the increased annual fee. Still, the price point is certainly steep if you’re not sure you’ll regularly maximize its features.
- Paul Soucy, NerdWalletFor a steep price, the original premium card gives you 5X points on certain flights and hotel stays, hundreds of dollars a year in credit for travel and shopping, and a suite of perks for high-end lifestyles.
- Jennifer Doss, CardRatings.comThe Platinum Card® from American Express is a good card for travel rewards, but is specifically geared towards those that don’t mind a high annual fee. If you are an occasional traveler and don’t plan to take advantage of the perks offered by the card, it may not be a good fit for you. For people do...
- Ben Luthi, SlickDealsThe American Express Platinum Card offers a wealth of benefits that outpace the cost of its annual fee. But unless you can make the most of each perk, it might not be enough to make the card worth its cost. Carefully consider how you might benefit from the card and whether it's worth the annual fee...
- Dori Zinn, TimeIt is worth it if you’re going to use enough rewards and get enough points to make up for the $695 annual fee. If you’re planning on spending $20,000 to $30,000 or more on travel costs such as flights and hotels, this card could end up being a great deal.
Interest Rates | |
---|---|
Regular APR Interest Rate |
21.24% ‐ 29.24% (Variable) (0% for the first 6 months)
|
Balance Transfer Interest Rate |
No interest charges because you pay your balance in full each month. |
Cash Advance Interest Rate |
29.99% (Variable) This APR will vary with the market based on the Prime Rate. |
Rates & Fees | |
Annual Fee | $695.00 |
Balance Transfer Fee | $0.00 |
Cash Advance Fee |
5% Minimum of $10 |
Foreign Transaction Fee | $0.00 |
Over Limit Fee | $0.00 |
Late Payment Fee |
$40.00 Maximum |
Promotions | |
Sign up bonus |
100000 points after spending $8,000 On purchases within the first 6 months |
Rewards | |
All Purchases | 1 point per $1 spent |
Restaurants | No |
Gas | No |
Groceries | No |
Hotels |
5 points per $1 spent On eligible hotels booked on amextravel.com. |
Travel |
5 points per $1 spent (on first $500000 spent) On flights booked directly with airlines or with American Express Travel. |
Pharmacy | No |
Bills | No |
Features & Benefits | |
Additional Card Holders |
|
Travel Accident Insurance | No |
Car Rental Insurance | Yes |
Car Rental Discount | Yes |
Extended Warranty | Yes |
Purchase Protection | Yes |
Zero Liability | No |
No Foreign Transaction Fees | Yes |
Emergency Assistance | Yes |
Concierge Service | Yes |
Price Protection | No |
Fraud Protection | No |
Free Credit Scores | No |
Wireless Payments | Apple Pay, Samsung Pay, Google Pay |
Virtual Cards | Yes |
Additional Benefits |
|
Eligibility | |
Minimum Security Deposit | $0 |
Minimum Age | 18 |
Minimum Personal Income | |
Temporary Residents | No |
More | |
Additional comments | - |
Terms & Conditions | Official Terms & Conditions |
Suggest a correction |
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