American Express Platinum Card offers high rewards, travel, and plus a variety of benefits for spending. Less annual plan American Express Platinum Card.
This is an updated look at the American Express Platinum so this is a premium slash luxury travel credit card. You’ve got a 695 dollar annual fee on the American Express Platinum Card for some people 6.95 is an annual fee.
American Express Platinum Card Review Benefit And Fee Plan 2023
American Express Platinum Card Annual Fee
A big deal especially with all the things that you get from this card for other people that is going to be a major sticking point. So if the AmEx Platinum is going to be appealing to you you’re probably going to want to be someone that travels often the more money. You have probably the less likely 695 is going to throw you as an annual fee and then there are a lot of extras with this card. Even Beyond travel that could add to the value of it American Express would tell you that you could get fifteen hundred dollars worth of value from the many credits and benefits on this card.
Perhaps even more depending on how you value these things so we’re going to look at the rewards the credits the benefits the perks all that stuff with the American Express Platinum and then you can do your own personal evaluation. What it is worth to you and whether you should get the card so lots of ground to cover with the American Express Platinum Card. But let’s start with the basics like 695 dollar annual fee on the purchases you make with this card you are going to earn American Express’s membership rewards points.
American Express Platinum Card Earn Points
You’re going to earn five points per dollar charge to this card on flights that you buy either direct from the airlines or through amextravel.com. You will earn five points per dollar on hotels that you book prepaid hotels that you book through amixtravel.com and you’ll earn one point per dollar on everything else so. Obviously very travel focused in terms of getting enhanced rewards on your purchases your bonus opportunity on this card. As a new card holder is going to vary to depending on when you actually apply for it so as I make of 80 000 points if you spend six thousand dollars with the card over six months. There often are a hundred thousand Point bonus opportunities sometimes even 120 000 Point bonus opportunities.
Sometimes that’s going to mean more spending in order to get those higher bonuses so right up front. You look at those rewards in the bonus and you say what is the value for me there. How often especially are you going to book travel with this card now maybe the most appealing perk of the American Express Platinum Card and maybe the most differentiated from the competition out. There is the global Lounge collection which is the network of airport lounges that you can access. when you are a platinum card member so American Express has its Centurion lounges you also have Delta Sky Club lounges. you can access there are priority past lounges which is his own network of lounges and others as well in the US and internationally. if the airport lounge scene is appealing to you if you travel a lot and you use those lounges well American Express is Best in Class.
American Express Platinum Card Offers
Here nobody else quite measures up the MX Platinum offers you potential credits for programs. That helps you get through airport screening quicker. On the front end, you have clear plus which if you pay for with your Amex Platinum 189 dollars per year you would get that rebated back to you. Clear Plus gets you sort of through the front end of things you get to skip the lines and go right to the uh clear kiosks.
There where they’re already going to have your biometric information and then on the other end. once you’ve done that you’ve got either TSA pre-check or Global Entry pay for one of those with your American Express Platinum Card, and you’re going to get that credited back to you Global Entry is both. U.S and international going to get you through the screening quicker you’re not going to take off your shoes all that kind of stuff. It is going to cost you a hundred dollars for five years that could get credited back to you or you could do TSA pre-check which is the U.S only. program that’s 78 dollars for four years that would be rebated back to you. If you buy those with the American Express Platinum Card and there are many other travel perks benefits credits to consider first off and up to 200 Airline fee credit per year.
American Express Platinum Card For Airline
This is for airline incidentals so not for your actual ticket purchases but things like checked baggage purchases that you will will make in Flight you’ll get up to 200 back as a statement credit per year. Now you do have to choose one Airline only to get those perks on or to get that statement credit back on so if you fly multiple Airlines over the course of the year. You’re only going to get it on one of those so will you reach that 200 depends on. How often you fly in whether you tend to fly with the same airline over and over again you’ve got an up to 200 per year Hotel.
Credit with the American Express Platinum but you should know that it is only with certain hotels in the American Express fine hotels and resorts program. Hotel Collection so these tend to be kind of higher-end hotels that are going to have a little bit more of a price tag. But you can get up to 200 as a statement credit when you book with your American Express Platinum at these hotels. then actually when you’re on-site at the hotel there are some nice perks as well where you might get things like free breakfast.
American Express Platinum Card Insurance
Here to understand exactly what you’re getting and not getting with all of these insurances but they do give you some assurance. You are going to be covered when bad things happen when you travel now those are what I think of as the core travel rewards and benefits of the American Express Platinum. But there are a ton of other credits and benefits that you can get on this card sort of a laundry list of them.
American Express Platinum Card For Walmart
Here so use the card to pay for audible or Hulu or Disney Plus or ESPN plus SiriusXM The New York Times the Peacock Network. Any of those would get rebated back to you however it is a twenty dollar per month benefit. So up to 240 dollars if you do it all year long but you’re gonna get that in twenty dollar chunks per month. You’ve got up to 155 dollars per year credit board Walmart Plus.
Which is the program from Walmart that gives you things like free or reduced delivery charges on your Walmart purchases.m you had to pay it all off that has changed now. The American Express Platinum has what they call a pay overtime feature. By default so when you get the card this pay over time feature is going to be what they call Active you can decide to make it inactive. But it comes as active meaning that all the purchases you make you potentially could revolve from one billing cycle to the next making your minimum payment.
But then having charges go over to the next cycle and paying interest on them which obviously is not the thing that you really should be doing but American Express is now letting you do it when you do that you have a pay overtime credit limit so they are going to give you a limit in terms of. how much you can charge and potentially revolve from one month to the next if you decide that you don’t want pay overtime you can make it inactive which means the card will then work the way it would in the traditional way where you pay everything back each month and then you have no preset spending limit with the card.