The Platinum Card® from American Express was one of the first “it” cards marketed for big spenders. For many of us, it was symbolic of success in the business world.
While that it’s still one of the best cards on the market, there are a lot of other cards that give this one a run for its money. Despite the competition, this card stands out and is definitely worth looking into.
It’s an excellent option for frequent fliers like myself. Plus, you’ll get access to thousands of lounges around the world!
Here is my review for the Platinum Card® from American Express!
Out of all of the travel credit cards that I use, this one has one the steepest annual fee. At a whopping $550 per year, the fee puts many travelers off on applying for the card.
But with its many other bonus perks and reward scheme, the heavy charge is worth overlooking if you’re frequently traveling around the world.
If you spend $5,000 in the first three months of card membership, you’ll receive 60,000 bonus points! You can easily use that bonus to book a return flight to your dream destination or upgrade flights to Business or First class.
Mandarin Oriental, Geneva (Bookable on AMEX Fine Hotel & Resorts)
How to Earn Points
One of the biggest benefits of the Platinum Card® from American Express is their point system. You can earn 5 points for every dollar that you spend when you book directly with airlines or with American Express Travel.
Out of all of the travel cards, that’s the highest-earning point system!
You can also receive 5 points for every dollar on all hotel bookings made on AMEX’s Fine Hotel & Resorts through the American Express travel portal. For every dollar that you spend on purchases that aren’t travel related, you earn one point.
New to travel reward credit cards?
Singapore Airlines Business Class
How to Redeem Points
If you’re looking to get the best bang for your buck, you’ll want to book your travel through AMEX’s travel portal. While this does mean that your bookings are often nonrefundable, if you don’t change your trips around too much, it’s not too big of a deal.
Another great way to make the most of your points is to book your flights and hotels using one of their 20 airline and hotel partners.
Their partner airlines include Aeromexico, Air Canada (Aeroplan), Air France KLM (Flying Blue), Alitalia (Millemiglia), All Nippon Airways, Cathay Pacific (Asia Miles), British Airways, Delta Air Lines (SkyMiles), El Al Israel Airlines, Emirates, Etihad Airways, Hawaiian Airlines, Iberia Plus, JetBlue Airways, Singapore Airlines, Virgin America, Virgin Atlantic Airways. Their hotel partners include Choice Privileges Rewards and Hilton Honors.
You’ll get the most bang for your points by transferring to certain partners too.
You can also transfer to one of AMEX’s travel partners to book with a partner airline. For example, you can transfer your miles to Iberia to book with American Airlines.
While the point system for the Platinum Card® from American Express is one of its biggest highlights, there are a lot of other benefits that make the card worth its steep annual fees.
Airport Lounges: With the Platinum card, you get access to the best network of domestic lounges in the US — the Centurion Lounges. Here, you’ll find food from award-winning chefs, delicious cocktails to sip on before you take off, complimentary massages, spa treatments, and more. It’s luxury travel at its finest, and there are only nine so far with one international branch in Hong Kong.
If you’re in a city that doesn’t have a Centurion Lounge, you have access to the Priority Pass lounges, and Delta passengers can also take advantage of the Delta Sky Club.
PreCheck Application Fee: With the Platinum Card® from American Express, they will waive the $85 TSA PreCheck or $100 Global Entry fee. This only works once every four years so if you already have yours, you can use it for a friend or family member or you can wait to use it once you renew your own membership.
AMEX Fine Hotel & Resorts: The AMEX Fine Hotel & Resorts program provides complimentary breakfast for two, late checkout, free WiFi, room upgrades, and more. You can also get a free night’s stay at select hotels when you check-in for three or four nights.
No Foreign Transaction Fees: While a lot of other travel credit cards have a foreign transaction fee, the Platinum Card® from American Express doesn’t charge you for any international purchases.
Uber Credit: Up to $200 per year in Uber credits
Hotel Rewards: The Platinum Card® from American Express also offers complimentary Gold status with Starwood (Marriott) and Hyatt. For Hyatt, you automatically receive gold status which gives you an 80% points bonus, free breakfast, and more. With Marriott, you also receive gold status, and you’ll get benefits like late checkout, room upgrades, and welcome points.
If you have a lot of travel expenses, the Platinum Card® from American Express is hard to beat. While the annual fee is hefty, it balances out with its Welcome Bonus, the ability to earn 5x points, Gold status at select hotels and access to thousands of lounges around the world.