
- Intro offer:Earn 80,000 points
- Annual fee:$695
- Regular APR:See Pay Over Time APR
- Recommended credit score:670-850 (Good to Excellent)
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. Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
NextAdvisor’s Take
- Valuable welcome offer
- Tiered rewards structure
- No foreign transaction fee
- Travel perks including lounge access and airline fee credits
- Very high annual fee
- Relatively high APR
- Not great for rewards outside travel categories
Additional Card Details
- Up to $200 annual airline fee credit
- Up to $240 in digital entertainment credits (up to $20 per month) on eligible purchases and subscriptions with: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required
- Up to $155 annual Walmart+ membership credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax. Plus Ups are excluded.
- Up to $100 fee credit for Global Entry or TSA PreCheck
- $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card
- $189 annual statement credit for a Clear® membership
- Up to $200 in Uber Cash to use on rides or Uber Eats in the U.S. annually ($15 per month and a bonus $20 in December), plus Uber VIP access
- $300 in annual statement credits (up to $25 per month) on eligible Equinox memberships or a digital subscriptions to Equinox+, an on-demand fitness app
- Up to $100 in annual statement credits toward purchases at Saks Fifth Avenue or saks.com (up to $50 every 6 months, per calendar year)
- Access to American Express Global Lounge Collection including Centurion Lounges and Delta SkyClubs (when flying same-day Delta Air Lines flights)
- Access to Fine Hotels & Resorts program, plus credits and benefits during your stay, including $100 credit towards eligible onsite activities
- Hilton Honors Gold elite status enrollment
- Marriott Bonvoy Gold elite status enrollment
- Travel and purchase protections
- American Express preferred seating and presale access
Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
The Platinum Card from American Express Full Review
Card Type
The Amex Platinum Card is a premium rewards travel card. It’s geared towards very frequent travelers looking to elevate their travel experience.
Annual Fee
The Amex Platinum Card carries a $695 annual fee.
Welcome Offer
The Amex Platinum is currently offering a 80,000-point offer if you spend $6,000 in the first six months of card membership.
Rewards
The Amex Platinum card earns 5 Membership Rewards points per dollar on flights booked directly with airlines or via American Express Travel (on up to $500,000 on these purchases per calendar year), and 1 point per dollar on other purchases. It also earns 5x points on prepaid hotels booked via the Amex Travel portal.
Fees
The Platinum Card from American Express has historically been a charge card. A charge card works the same way as a normal credit card when you spend, but has no credit limit. And unlike a credit card, which offers the option to make minimum monthly payments toward your balance, you must pay your full amount owed each month on a charge card. While making only minimum credit card payments can result in high interest accrual, not paying your full balance on a charge card can lead to high fees, denied charges, and account closure.
But American Express recently introduced a feature called Pay Over Time, which makes the Platinum card not a straightforward charge or credit card or, but something of a hybrid. This feature allows you to carry a balance for certain charges, but not all, and your card limit will still be flexible. For eligible purchases, the Pay Over Time APR is 20.24% to 27.24% variable (See Rates & Fees).
Benefits of the American Express Platinum Card
The American Express Platinum card comes with benefits like up to a $200 hotel credit as an annual statement credit for prepaid bookings through the Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel, $189 annual statement credit for a Clear® membership, $200 airline fee credit, up to $200 in Uber Cash annually, up to a $100 credit annually to Saks Fifth Avenue, up to $100 credit for TSA PreCheck/Global Entry and more. It also offers 5x points on airfare, either booked directly with airlines or with American Express Travel. You can later redeem your points for travel via the Amex Travel portal or transferring to partners such as Delta, Marriott, Hilton and Air Canada. The Amex Platinum card offers access to the Amex Fine Hotels & Resorts program and to the Global Dining Access program by Resy, where cardholders can get exclusive tables at some of the world’s top restaurants. It also allows access to the American Express Global Lounge Collection, including Centurion Lounges at airports worldwide.
Drawbacks of the American Express Platinum Card
The biggest drawback of the card is that it carries a high $695 annual fee, so it’s crucial to determine if your spending habits line up with the perks so that you can get value out of the card. The card also only earns bonus points on airfare and on prepaid hotels booked through Amex Travel, as opposed to also earning bonus points on restaurants, such as the American Express® Gold Card.
Amex Platinum vs. Chase Sapphire Reserve
The Amex Platinum and Chase Sapphire Reserve are two of the top-tier premium travel rewards cards on the market. They each offer a variety of travel perks, ranging from lounge access to airline and hotel credits and plenty of other benefits. Compared to the benefits listed above, the Chase Sapphire Reserve comes with a $300 annual travel credit, and up to a $100 fee credit for TSA PreCheck/Global Entry.
How to Use the American Express Platinum Card
Make sure you secure your welcome bonus by spending $6,000 in the first six months from account opening. Those 80,000 Membership Rewards points are worth more when used to book travel through American Express Travel.
You should also make sure you swipe your Platinum card every time you spend in rewards categories: 5x points on prepaid hotels booked through Amex Travel and 5x points on flights booked directly with airlines or via Amex Travel (on up to $500,000 on these purchases per calendar year).
And after you book your next travel destination, live it up by taking advantage of the Platinum Card’s credits, your access to airport lounges, booking stays at Fine Hotels and Resorts properties, and Hilton Honors and Marriott Bonvoy Gold elite statuses.
Once you rack up your rewards points, you can redeem them for travel via the American Express Travel portal or by transferring them to partners . The latter can help you unlock potentially even more value. Some of Amex’s notable partners include Delta Air Lines, Marriott, and Hilton.
While you’ll get the best value redeeming your Membership Rewards points on travel, that’s not the only way to use your points. You can pay with points at checkout, cover charges with a statement credit for qualified purchases, get gift cards, upgrade your travel arrangements and more. However, these redemptions are often less valuable than travel. For example, 10,000 Membership Rewards Points are worth $70 of Amazon purchases or a $60 statement credit to cover a charge, but worth $100 toward a flight.
Since the top points-earning category for the Platinum Card is airfare, it might make sense to pair it with another American Express card that earns Membership Rewards Points on everyday purchases. Any points you earn with a card like the American Express® Gold Card or Amex Everyday® Credit Card* can pool into the same Membership Rewards account, so you can use their joint points yield to book travel or redeem your points in another way.
American Express Platinum Card Review Compared to Other Cards

The Platinum Card® from American Express
- Intro offer:Earn 80,000 points
- Annual fee:$695
- Regular APR:See Pay Over Time APR
- Recommended credit:670-850 (Good to Excellent)
- Learn more At our partner’s secure site See Rates & Fees, Terms Apply.

American Express® Gold Card
- Intro offer:60,000 points
- Annual fee:$250
- Regular APR:20.24%-27.24% Variable
- Recommended credit:670-850 (Good to Excellent)
- Learn more At our partner’s secure site See Rates & Fees, Terms Apply.

Chase Sapphire Reserve®
- Intro offer:60,000 points
- Annual fee:$550
- Regular APR:21.24% – 28.24% Variable
- Recommended credit:740-850 (Excellent)
- Apply Now At Chase’s secure site
Is The Platinum Card® from American Express Right for You?
The Platinum Card from American Express comes with premium travel rewards that can really enhance your trip. You’ll get access to top resorts, hotels, lounges, and experiences, along with a variety of available statement credits for certain travel-related purchases.
But make no mistake — you must spend big to maximize your value from this card. While other premium rewards cards are useful for saving money on travel, the Platinum Card is more about elevating your travel experiences than saving money on them.
While the pandemic has put a damper on the potential upside of this card, newly added benefits such as Uber Cash credits, can help ensure the Platinum Card is still valuable even while your travel plans remain grounded. Still, you should only get this card if you anticipate a regular travel schedule as we look toward a post-pandemic life.
If your regular travel and lifestyle spending — as well as your budget — is in line with the Platinum Card’s rewards categories, the $695 annual fee is pretty easily offset by all of the credits and freebies. You’ll get up to a $200 credit for prepaid bookings through the Fine Hotels + Resorts® or The Hotel Collection properties made through American Express Travel; $189 annual statement credit for a Clear® membership; up to a $200 airline fee credit; up to a $100 Saks credit; up to $240 in annual statement credits for select digital entertainment services; up to $300 on eligible Equinox or Equinox+ memberships; and up to $200 in Uber Cash. This puts the entire $695 annual fee directly back into your pocket — and then some. If you weren’t already going to be spending money on those things, though, then these perks aren’t going to be as useful, and may influence you to spend more dollars than you normally would, though.
EDITORIAL INDEPENDENCE
As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.
*All information about the Amex Everyday Credit Card has been collected independently by NextAdvisor and has not been reviewed by the issuer
For rates and fees of The Platinum Card from American Express, click here
For rates and fees of the American Express Gold Card, click here
Frequently Asked Questions
Is there an annual fee for the American Express Platinum card?
Yes, there is a $695 annual fee for the Platinum Card.
Will I need good credit to get the American Express Platinum card?
You will need good to excellent credit to qualify for the Platinum Card.
Is the American Express Platinum card a good card?
If you use it correctly, the Platinum Card from American Express can be a great way to maximize your travel spending. But be sure you’re prepared to pay the annual fee, and evaluate whether the card’s perks offset the cost enough for it to bring value to your spending.
What are the perks of the American Express Platinum card?
Perks of the Amex Platinum card include up to a $200 credit for prepaid bookings through the Fine Hotels + Resorts® or The Hotel Collection properties made through American Express Travel; $189 annual statement credit for a Clear® membership; up to a $200 airline fee credit; up to a $100 Saks credit; up to $240 in annual statement credits for select digital entertainment services; up to $300 on eligible Equinox or Equinox+ memberships; up to $200 in Uber Cash; and up to a $100 credit towards TSA PreCheck/Global Entry. The card earns 5x points on airfare either booked directly with airlines or via Amex Travel (on up to $500,000 on these purchases per calendar year). Cardholders also get complimentary access to American Express Centurion Lounges, as well as Delta SkyClubs (when flying Delta same-day), and can book hotels via the Amex Fine Hotels & Resorts program. Hotels booked through this program earn 5x points, and cardholders will receive up to a $100 property credit, room upgrades (when available), daily breakfast, and more.
What airport lounges can I get into with the American Express Platinum?
Cardholders have access to the American Express Global Lounge Collection, including Amex Centurion Lounges, and Delta SkyClubs when flying Delta on the same day.
Amex Gold or Platinum: Which one is better?
Both cards are higher-end premium travel and lifestyle cards. The Amex Gold has a $250 annual fee (See Rates & Fees) and comes with perks like up to a $120 annual dining credit (up to $10 monthly) and up to $120 in Uber Cash (up to $10 monthly) for U.S. rides and eats. The Gold Card must be added to the Uber app to receive the Uber Cash benefit. It also earns 4x points on restaurants and at U.S. supermarkets (up to $25,000 per calendar year, then 1x). Ultimately, there’s no such thing as a “better” card — it depends on your budget, spending habits and travel goals.