Up to $200 in Uber Cash, split into monthly $15 credits for U.S.Up to a $200 annual hotel credit, in the form of a statement credit, on prepaid Amex Fine Hotels + Resorts or The Hotel Collection bookings with Amex Travel when you pay with your Amex Platinum (Hotel Collection stays require a two-night minimum).*.Up to $200 in statement credits annually for incidental fees charged by one airline you select.*.Of course, what truly sets The Platinum Card from American Express apart is the fact that it confers some of the best membership benefits of any card. And even the laggards only take 48 hours at most to transfer in our frequent testing. Point transfers are instant to the vast majority of these partners. Transferring your points to the right airline or hotel program is usually the best way to maximize your Membership Rewards points‘ value. Those include at least one helpful option in each major airline alliance ( SkyTeam, Star Alliance and Oneworld). Membership Rewards points are one of the most valuable and flexible loyalty currencies ever created for redeeming points.Įach Membership Rewards point is worth 2 cents, thanks largely to the program’s 18 airline and three hotel transfer partners. Based on TPG valuations, earning 5 points per dollar provides a 10% return.Īll other purchases earn just 1 point per dollar, but Platinum cardmembers are eligible for targeted Amex Offers that could boost earning rates at various merchants (including Amazon). These 5-point categories are an excellent way to earn lots of Membership Rewards points. Plus, you’ll earn 5 points per dollar on prepaid hotels booked with Amex Travel. With the Amex Platinum, you’ll earn 5 points per dollar on airfare purchased directly with the airlines or through the Amex Travel portal (on up to $500,000 of airfare purchases per calendar year). That is nearly three times the card’s $695 annual fee. According to TPG’s monthly valuations, Amex Membership Rewards points are worth 2 cents each, making this bonus worth $1,600. The current welcome bonus for the Amex Platinum is 80,000 Membership Rewards points after you spend $6,000 on purchases within the first six months of cardmembership. Let’s dig into the details and benefits to see whether having the Amex Platinum in your wallet makes sense for you.Īpply now: The Platinum Card from American Express with an 80,000-point bonus. However, that doesn’t mean it’s right for every traveler. It still ranks as one of the best travel credit cards out there. That’s why people often ask whether the Amex Platinum is still worth the annual fee, even with the new perks. The Amex Platinum has undergone significant changes in recent years and carries a steep $695 annual fee (see rates and fees) - one of the highest on the market. When you stack them up against one another, the Amex Platinum shines in ways the others don’t. That still exists, even though a few competitors in the luxury card category have emerged in recent years, including the Chase Sapphire Reserve and the Capital One Venture X Rewards Credit Card. If you had an Amex Platinum Card, with its sleek design and hefty metal weight, there was a sense of cachet. But for a long time, The Platinum Card from American Express was the only premium rewards card on the market. Nowadays, it seems every bank, airline and hotel offers a premium travel rewards card. Card rating*: ⭐⭐⭐⭐½ *Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer. As a cardmember, you’ll earn valuable Membership Rewards points, receive up to $1,500 in annual statement credits (as long as you can take advantage of them) and receive access to an extensive network of airport lounges worldwide. While it has a high annual fee, The Platinum Card® from American Express is one of the top premium travel rewards cards. The Platinum Card® from American Express overview Editor’s note: This is a recurring post, regularly updated with new information and offers.
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