The Platinum Card® from American Express is more than just a credit card; it’s a passport to a world of luxury, exclusive experiences, and premium benefits. For those who value high-end travel, elite status perks, and access to exclusive events, The Platinum Card® offers a suite of features that cater to the affluent traveler. In this guide, we’ll delve into the key benefits, rewards, fees, and how to apply for this prestigious card.
Key Benefits of The Platinum Card®
1. Generous Membership Rewards® Points
One of the main attractions of The Platinum Card® is its generous rewards program. Cardholders earn 5X Membership Rewards® points on flights booked directly with airlines or through American Express Travel, and 5X points on eligible hotels booked through Amex Travel. Additionally, you can earn 1X point on all other purchases.
2. Welcome Bonus Offer
New cardholders can take advantage of a substantial welcome bonus, which often includes tens of thousands of Membership Rewards® points after spending a certain amount within the first few months of account opening. These points can be redeemed for travel, gift cards, statement credits, or transferred to airline and hotel loyalty programs.
3. Global Lounge Collection® Access
One of the most coveted benefits of The Platinum Card® is access to the Global Lounge Collection®, which includes over 1,200 airport lounges in 130 countries. This collection features the luxurious Centurion Lounges, Delta Sky Clubs, and Priority Pass Select lounges, among others. For frequent travelers, the ability to relax in a comfortable lounge before a flight is invaluable.
4. $200 Airline Fee Credit
The Platinum Card® provides an annual $200 airline fee credit, which can be used to cover incidental charges such as checked bags, in-flight refreshments, and seat upgrades on a pre-selected airline. This benefit can help offset the card’s annual fee.
5. $200 Uber Cash
Cardholders receive up to $200 in Uber Cash annually, which can be used for Uber rides or Uber Eats. This benefit is distributed as $15 per month and an additional $20 in December, making it easy to use throughout the year.
6. $240 Digital Entertainment Credit
Enjoy up to $240 in annual credits ($20 per month) for eligible digital entertainment services, such as The New York Times, Audible, Peacock, and others. This benefit is perfect for cardholders who consume a lot of digital content.
7. $100 Global Entry or TSA PreCheck® Credit
To make travel more convenient, The Platinum Card® offers a $100 credit for Global Entry or an $85 credit for TSA PreCheck® application fees. These programs expedite the security screening process, saving you time at the airport.
8. $100 Saks Fifth Avenue Credit
Cardholders can indulge in luxury shopping with up to $100 in annual statement credits at Saks Fifth Avenue. This benefit is split into two $50 credits, one for each half of the year.
9. Hotel Elite Status and Benefits
The Platinum Card® grants automatic Gold status with Hilton Honors and Marriott Bonvoy, providing perks such as room upgrades, late check-out, and bonus points on stays. Additionally, cardholders can take advantage of Fine Hotels & Resorts® benefits, including daily breakfast for two, guaranteed 4 p.m. late check-out, and room upgrades when available.
10. No Foreign Transaction Fees
The Platinum Card® is an excellent companion for international travelers, as it does not charge foreign transaction fees. This allows you to use the card abroad without worrying about additional costs.
11. Premium Global Assistance and Travel Insurance
Cardholders have access to 24/7 premium global assistance services, including emergency medical and legal referrals, lost luggage assistance, and more. Additionally, The Platinum Card® offers comprehensive travel insurance, including trip cancellation and interruption insurance, car rental loss and damage insurance, and baggage insurance.
Fees Associated with The Platinum Card®
1. Annual Fee
The Platinum Card® has a premium annual fee of $695. While this may seem steep, the extensive benefits and credits can more than justify the cost for frequent travelers and those who take full advantage of the card’s perks.
2. Additional Card Fees
You can add additional Platinum Cards to your account for a fee of $175 per year for up to three additional cards. Each additional card beyond the first three costs $175 each. Additional cardholders enjoy many of the same benefits, including lounge access, but do not receive their own airline fee credits or digital entertainment credits.
How to Maximize The Platinum Card® Benefits
To get the most out of The Platinum Card®, it’s essential to take full advantage of the travel-related perks and statement credits. Here are a few tips:
- Book Travel Through Amex Travel: Earn 5X points on flights and hotels when booking through American Express Travel.
- Select Your Airline for the Fee Credit: Choose the airline you frequently fly with to maximize the $200 airline fee credit.
- Use Your Uber Cash: Don’t forget to use your monthly Uber Cash credits, which can be spent on rides or food delivery.
- Shop at Saks Fifth Avenue: Remember to use your $50 Saks credit every six months to enjoy luxury shopping.
- Enroll in Global Entry or TSA PreCheck®: Save time at the airport by enrolling in these expedited security programs and using the card’s credit to cover the application fee.
How to Apply for The Platinum Card®
Applying for The Platinum Card® is a straightforward process, but it’s essential to ensure that you’re a good fit for the card’s benefits and fees. Here’s how to apply:
1. Check Your Credit Score
The Platinum Card® is designed for individuals with excellent credit. Generally, a credit score of 700 or higher is recommended to increase your chances of approval. If your score is lower, consider improving it before applying.
2. Visit the American Express Website
You can apply for The Platinum Card® directly on the American Express website. You’ll need to provide personal information, including your name, address, Social Security number, and income.
3. Complete the Application
During the application process, you’ll be asked to confirm your details and agree to the terms and conditions. Ensure all information is accurate before submitting your application.
4. Wait for a Decision
After submitting your application, you may receive an instant decision, or you might need to wait a few days for further review. If approved, you’ll receive your Platinum Card® in the mail, typically within 7-10 business days.
5. Activate Your Card and Start Using It
Once you receive your card, activate it online or by calling the number provided. You can then start using it to earn rewards and enjoy the benefits.
Is The Platinum Card® Right for You?
The Platinum Card® is ideal for individuals who frequently travel and can take full advantage of the extensive benefits offered. If you value luxury travel perks, such as lounge access and hotel elite status, and are willing to pay the annual fee, The Platinum Card® can be a highly rewarding choice. However, if you do not travel often or prefer a card with a lower annual fee, there may be other options that better suit your needs.
In conclusion, The Platinum Card® from American Express is a premium card that offers unparalleled benefits for the discerning traveler. By understanding its features, maximizing the rewards, and carefully considering whether it’s the right card for you, you can make an informed decision and potentially unlock a world of luxury and convenience in your travel experiences.
