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The Platinum Card® from American Express is one of the most premium best travel credit cards. Yet, the Amex Platinum card has started to face intense competition from Chase, Citi, and others. Numerous premium credit cards have launched offering valuable benefits that are popular with travelers. But don’t count out the Amex Platinum. It still offers some amazing benefits that are worth the $695 annual price tag (See Rates & Fees). Let’s take a look to see what you get.
Learn more: Johnny Jet Recommended Credit Cards
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
Is the Amex Platinum Card Worth It?
With a $695 annual fee, you are probably wondering if the Amex Platinum Card is worth it. The answer is it can be, if you can use all of the benefits that come with this premium card. If you travel often (or want to) but also want to earn rewards on other everyday spending items, keep reading. While this is definitely a travel card, there are other perks that can be a bonus when you aren’t on the road.
The Platinum Card from American Express has one of the best credit card offers available now.
New The Platinum Card® from American Express cardmembers can earn 100,000 Membership Rewards® Points after spending $6,000 on purchases on the Card in the first 6 months of Card Membership. New cardholders also earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Terms apply.
You may be eligible for a targeted 150,000 welcome bonus offer, like some readers are reporting.
Annual benefits of the Amex Platinum
The welcome bonus is nice, but you’ll only receive it once. What convinces cardholders to renew year in and year out are the benefits that you receive each year.
Plus, The Platinum Card from American Express just went through some upgrades and changes that are worth noting.
$200 Airline Credit
You will receive $200 in airline credits each calendar year from The Platinum Card® from American Express (in the form of statement credits, enrollment required). These credits can be used for baggage fees, seat assignments, change fees, and phone reservation fees, to name a few. Airplane tickets are not eligible for these airline credits. Gift cards are also excluded. However, some people report success in receiving credit for purchasing them.
In order to use the airline credits, you’ll need to designate your preferred airline from among the list of:
- Alaska Airlines
- American Airlines
- Delta Airlines
- Frontier Airlines
- Hawaiian Airlines
- JetBlue Airways
- Spirit Airlines
- Southwest Airlines
- United Airlines
Once you make your selection for the year, you cannot change it. However, you can change your selection once January 1st rolls around.
This can be one of the best miles cards because you can get these credits. Using up all of these bonus credits annually can make the Platinum Card worth it.
$200 Uber credits
If you ride Uber or use Uber Eats, this credit will make you happy. Cardholders can enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.
Unfortunately, the $200 Uber credits aren’t provided all at once. Instead, you will receive $15 in Uber credits each month plus an extra $20 in December. If you don’t use Uber each month, these credits also count towards Uber Eats orders.
With the Amex Platinum, you’ll receive an upgrade to Uber VIP status without meeting minimum ride requirements. This assures that you’ll be matched up with top-rated drivers whenever possible.
Enrollment is required. Terms apply.
Unlimited Boingo Wi-Fi access
For the traveler on the go, having access to fast and free WiFi is critical. With the American Express Platinum card, you’ll receive unlimited Boingo WiFi access with the Boingo American Express Preferred Plan. A comparable unlimited plan from Boingo would cost $5 per month.
You can log in with up to 4 devices to more than 1 million WiFi hotspots around the world. However, this does not include WiFi internet access during flights.
With the American Express Platinum Card, you have access to airport lounges across the globe. There are 7 lounge programs included in the Global Lounge Collection benefit:
- The Centurion Lounge (exclusive to American Express)
- The International American Express lounges
- Delta Sky Club (when flying Delta Airlines)
- Priority Pass Select lounges (enrollment required)
- Airspace Lounges
- Escape Lounges
- Plaza Premium
This perk makes the Platinum Card worth it as you can save quite a bit of money. Registration is required with Priority Pass before you can access one of their lounges. When you call to activate your American Express Platinum, speak with a customer service representative to enroll in Priority Pass. They’ll also answer questions about any of the other benefits of your Amex Platinum.
Plus, American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
Terms apply. Enrollment may be required.
Global Entry or TSA PreCheck Reimbursement
Frequent travelers know that waiting in line is not the best use of their time. That’s why Global Entry or TSA PreCheck is crucial to getting through airport security and customs at domestic airports.
With the Amex Platinum, you’ll receive up to $100 reimbursement every 4 years to enroll in either Global Entry or TSA PreCheck.
In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Cardholders can use their Card and get up to $179 back per year on their CLEAR® membership. Terms apply.
Other border security programs, such as NEXUS, SENTRI, and FAST, are not included. Additional cardholders also have access to this reimbursement benefit.
Digital Entertainment Credit
There’s also a new digital entertainment credit. Cardholders can get up to $20 in statement credits each month when you pay for eligible purchases with The Platinum Card® from American Express at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
Another exciting new benefit is the ability for cardholders to enjoy up to $25 back each month on select Equinox memberships. This amounts to up to $300 annually. Enrollment required.
If fitness credits are enticing, you may also want to check out the Chase Sapphire Peloton credit.
Fine Hotels & Resorts
Cardholders can get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when paying with their Platinum Card®.
This is one of the underused benefits of the American Express Platinum. But savvy travelers know that the Fine Hotels & Resorts Collection offers tremendous benefits at over 1,000 hotels and resorts around the world.
The benefits include:
- Room upgrade upon arrival, when available
- Daily breakfast for two people
- Guaranteed 4 pm late checkout
- Noon check-in, when available
- Complimentary hotel WiFi
- Unique amenity valued at $100
The amenity will often be a food & beverage or spa credit.
When comparing hotel prices for your upcoming vacation, don’t forget to take a look to see what Fine Hotels & Resorts is offering. Even if you pay a little more per night, the value of free breakfast and $100 amenity will often tilt the decision towards Fine Hotels & Resorts.
Terms apply. Enrollment may be required.
Related: The Best Hotel Credit Cards for 2021
Other benefits of the Amex Platinum
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel, up to $500,000 on these purchases per calendar year. Cardholders also earn 5x points on prepaid hotel bookings through amextravel.com.
When traveling more than 100 miles from home, rest easy knowing that the Amex Platinum offers Premium Global Assist Hotline. These medical and legal professionals assist with medical, legal, financial, and select other emergency and coordination services. Some examples of these services include replacing a lost or stolen passport, prescription replacements, missing luggage, and cash wires.
There are no foreign transaction fees but the annual fee is $695 (See Rates & Fees), which can be offset with the perks that are valued at over $1,400.
Get the full details and learn more in our in-depth The Platinum Card from American Express review.
Does the Amex Platinum Card belong in your wallet?
In conclusion, is the Platinum Card worth it? Well, as you can see, the American Express Platinum offers a tremendous value that outweighs the premium annual fee. If you are a frequent traveler, The Platinum Card® from American Express is a must-have. Plus the card benefits can be extended to additional cardholders for a fraction of the price.
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For rates and fees of The Platinum Card® from American Express, please click here.
Chase Sapphire Preferred® Card
- Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
- 1 Is the Amex Platinum Card Worth It?
- 2 Welcome Bonus
- 3 Annual benefits of the Amex Platinum
- 4 Lounge Access
- 5 Global Entry or TSA PreCheck Reimbursement
- 6 Digital Entertainment Credit
- 7 Equinox Credit
- 8 Fine Hotels & Resorts
- 9 Other benefits of the Amex Platinum
- 10 Does the Amex Platinum Card belong in your wallet?