The AmEx Platinum Card is one of the most prestigious credit cards on the market today. It offers a wide range of benefits and perks, but it also comes with a high annual fee.
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AmEx Platinum Card
In this article, we will take a closer look at the AmEx Platinum Card, including its benefits, disadvantages, recommended application time, and more.
Application Link
The application link for the AmEx Platinum Card can be found on the American Express website. You can also apply for the card through other channels like phone or mail. The application process is simple, and you will receive a decision within minutes.
Benefits
The AmEx Platinum Card comes with a wide range of benefits, including:
Airport lounge access: Cardholders can access over 1,300 airport lounges worldwide, including Centurion Lounges, Priority Pass Select lounges, and Delta Sky Club lounges.
Global Entry or TSA PreCheck credit: Cardholders can receive a statement credit for the application fee for either Global Entry or TSA PreCheck, which allows for expedited security screening at airports.
Travel credits: Cardholders can receive up to $200 in statement credits each year for incidental fees charged by one airline of their choice, as well as up to $200 in Uber credits each year.
Hotel benefits: Cardholders can receive elite status with Marriott Bonvoy and Hilton Honors, as well as other perks like room upgrades and late check-out.
Fine Hotels & Resorts: Cardholders can receive exclusive benefits when booking through AmEx’s Fine Hotels & Resorts program, including room upgrades, daily breakfast, and late check-out.
Varies Credits
In addition to the benefits listed above, the AmEx Platinum Card also offers several statement credits that vary throughout the year. These credits can be used for purchases like:
- Wireless telephone services purchased directly from U.S. service providers
- Streaming services like Netflix and Hulu
- Saks Fifth Avenue purchases
Disadvantages
The main disadvantage of the AmEx Platinum Card is its high annual fee of $695. This fee may be hard to justify for some, especially if they do not travel frequently or take advantage of the card’s benefits. Additionally, some people may find the card’s rewards program to be confusing or complicated.
Authorized Users
The AmEx Platinum Card allows for up to three authorized users for an additional fee of $175 per year, per user. Authorized users also receive many of the same benefits as the primary cardholder, including airport lounge access and hotel benefits.
Introduction to MR Points
The AmEx Platinum Card earns Membership Rewards (MR) points, which can be redeemed for a variety of rewards, including travel, merchandise, and gift cards. Points can also be transferred to AmEx’s airline and hotel partners, which can often offer higher redemption rates.
Recommended Application Time
The AmEx Platinum Card typically requires a good to excellent credit score for approval. We recommend applying when your credit score is in the 700s or higher. Additionally, you may want to wait until you have a significant amount of planned travel to take advantage of the card’s benefits.
Summary
The AmEx Platinum Card is a high-end credit card with a variety of travel-related benefits, including airport lounge access and hotel perks. The card also offers statement credits for travel-related expenses, as well as other purchases like streaming services and wireless telephone services. However, the card’s high annual fee may be difficult to justify for some, and the rewards program can be complicated.
To Do List After You Get The Card
After receiving the AmEx Platinum Card, there are a few things you may want to do:
Activate the card: You will need to activate your new
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Related Credit Cards
If the AmEx Platinum Card is not the right fit for you, there are several other credit cards that offer similar benefits. These include the Chase Sapphire Reserve, the Citi Prestige Card, and the Mastercard Black Card.
Recommended Downgrade Options
If you decide that the AmEx Platinum Card is no longer worth the annual fee, you may want to consider downgrading to a lower-tier AmEx card, like the AmEx Gold Card or the AmEx Green Card. These cards have lower annual fees and may still offer some of the benefits you enjoyed with the Platinum Card.
After Applying
After applying for the AmEx Platinum Card, you should receive a decision within minutes. If you are approved, you will receive your new card in the mail within a few days. Be sure to activate your card and set up any automatic payments or account alerts to ensure you never miss a payment. Additionally, be sure to take advantage of the card’s benefits and statement credits to maximize its value.
