2022 Review: The Platinum Card® from American Express

Finder experts pick The Platinum Card® from American Express as a 2021 best product for credit cards.

How to apply for The Platinum Card® from American Express

1. Select Apply now.
2. Complete the application with information such as your full name, date of birth, Social Security number, total annual income and income source.
3. Review your information and submit your application.

What credit score do I need?

As with most cards, you’ll have a better chance of approval for The Platinum Card® from American Express if you apply with a good to an excellent credit score of 670 or higher. However, some cardholders have reported getting approved with scores in the mid-600s.

The Platinum Card® from American Express‘ major benefits

The Platinum Card® from American Express is considered by some to be the best luxury travel card on the market. They certainly have a point, seeing as Amex has done an admirable job of stacking premium perks. Here are some of The Platinum Card® from American Express‘s highlights.

• A valuable welcome offer. 100,000 Membership Rewards points after you make $6,000 in purchases within the first 6 months of account opening.
• Rewards that are best for flights and hotels. Earn 5x Membership Rewards points on flights booked through airlines or American Express Travel on up to $500,000 annually, and 1x points after that. You also earn uncapped 5x points on prepaid hotel stays booked through the Amex Travel website.
• Extensive credits to offset the annual fee. The Amex Platinum Card now comes with an extensive collection of statement credit opportunities worth over $1,600 in total.
  • $200 annual airline fee credit at one select qualifying airline
  • $200 hotel credit on bookings through prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel
  • $179 CLEAR credit per year
  • Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your card
  • $200 in annual Uber Cash and Uber VIP status for basic card members
  • $100 annual Saks Fifth Avenue credit you can access after enrolling through your Amex account.
  • Up to $100 statement credit to cover Global Entry/TSA PreCheck application fee every 4 to 5 years
  • $300 Equinox credit on memberships per year. Enrollment is required and you’ll receive $25 off the membership pricing each month.
  • Up to $20 in statement credits each month on the following subscription services: Peacock, Audible, SiriusXM, and The New York Times.
• Unrivaled access to global airport lounges. Complimentary access to The Centurion Lounge, The International American Express lounges, Delta Sky Club, Priority Pass Select locations and more. You’ll find more than 1,400 eligible lounges worldwide, and Amex has recently expanded their Centurion Lounge footprint with more than 40 new additions.
• Unique travel benefits. Gold status in Marriott Bonvoy and Hilton Honors. Complimentary benefits through the Fine Hotels & Resorts and The Hotel Collection programs. Membership to Departures, a lifestyle destination resource for Amex cardholders. Car rental benefits and travel protections, and cell phone protection. Access these benefits by enrolling through your Amex account.
• Other valuable perks. Platinum Card Concierge, By Invitation Only experiences, Global Dining Collection, Preferred Seating, Uber VIP and more.

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What to watch out for

The Platinum Card® from American Express is a powerhouse luxury product, but it comes with its share of downsides. Consider them carefully before applying, as they may end up pointing you to a different travel card.

• A steep $695 annual fee.
  While it’s not the most expensive luxury card, The Platinum Card® from American Express is priced higher than most of its competitors.
• The welcome offer requires more skin in the game.
  You must meet a higher spending requirement than you would with other luxury cards.
• Narrow bonus rewards.
  If you don’t spend significantly on flights or hotels, the card will be disappointing rewards-wise.
• Credits are less flexible than those of other travel cards.
  You might prefer a general travel credit that you can use for a variety of purchases.
• You can’t carry a balance on all purchases.
  Unlike most other credit cards where you can carry your balance on all purchases by paying interest, The Platinum Card® from American Express lets you carry your balance only on some purchases, but not on all of them.
• Potentially limited acceptance worldwide.
  While Amex is widely accepted internationally, there are still many merchants who won’t take it.

Who is this card best for?

The Platinum Card® from American Express is best for frequent travelers who are used to shelling out for luxury accommodations. With that said, smart use of the card’s credits and perks may still make the card worth it for less frequent travelers. In both cases, The Platinum Card® from American Express is best suited for those who are regularly stay abreast of and use their card’s features.

Who is this card not best for?

The card isn’t well-suited for infrequent travelers. For the steep price of the card, you’ll need to use several of the perks throughout the year, which means you’ll need to be traveling at least a few times — preferably longer distances. If you don’t use the card’s travel features, you’re effectively paying nearly $700 for the earning rate you could find with a far cheaper card.

Does Amex allow cosigners or authorized users for The Platinum Card® from American Express?

Amex doesn’t allow cosigners for any of its cards, including The Platinum Card® from American Express. However, you can add an authorized user to your Amex account. Check out our Amex authorized user guide for details and how to add.

Compare Amex Platinum Card to similar credit cards

If you’re curious whether to go all in on a luxury offering, here’s a look at the Amex Platinum Card vs. two similar cards for a quick taste of the differences.

The Platinum Card® from American Express

★★★★★

Finder Rating: 4.4 / 5

Terms apply, see rates & fees

Go to site
Minimum credit score 670
Annual fee $695
Purchase APR See Pay Over Time APR
Balance transfer APR N/A
Rewards 5x points on prepaid hotels booked with American Express Travel, 5x points on directly-booked flights on up to $500,000 annually, then 1x points after that and on other eligible purchases
Welcome offer 100,000 points after spending $6,000 in your first 6 months

American Express® Gold Card

★★★★★

Finder Rating: 4.6 / 5

Terms apply, see rates & fees

Go to site
Minimum credit score 670
Annual fee $250
Purchase APR See Pay Over Time APR
Balance transfer APR N/A
Rewards 4x at restaurants including delivery and Uber Eats; 4x at US supermarkets on up to $25,000 annually (then 1x points), 3x points on directly-booked flights and 1x points on other eligible purchases
Welcome offer 60,000 points after spending $4,000 in the first 6 months

Chase Sapphire Preferred® Card

★★★★★

Finder Rating: 4.6 / 5

Go to site
Minimum credit score 670
Annual fee $95
Purchase APR 15.99% to 22.99% variable
Balance transfer APR 15.99% to 22.99% variable
Rewards 5x points on travel through Chase Ultimate Rewards, 3x points on dining and 2x points on all other travel purchases
Welcome offer 60,000 points after spending $4,000 in the first 3 months.

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How does The Platinum Card® from American Express compare to other similar cards?

These welcome offer values are based on Finder’s current point valuations.

	U.S. Bank Altitude® Reserve Visa Infinite® Card	Citi Prestige® Credit Card	Chase Sapphire Reserve®	The Platinum Card® from American Express	Luxury Card Mastercard® Gold Card™
Annual fee	$400	$495	$550	$695	$995
Welcome offer value	$750	$1,000	$750	$2,000	$0
Bonus reward categories	Prepaid hotelsmore info button Prepaid car rentalsmore info button Travel Mobile wallet spending	Air travel Restaurants Hotels Cruise lines	Travel Dining	Flightsmore info button Prepaid hotelsmore info button	No bonus rewards
Annual travel credits	$325 for travel purchases	$250 for travel purchases	$300 for travel purchases	$200 airline fee credit $200 hotel credit $200 Uber Cash	$200 air travel credit
Airport lounge access	Priority Pass Select	Priority Pass Select	Priority Pass Select	Highlights include: Priority Pass Select The Centurion Lounge The International American Express lounges Delta Sky Club	Priority Pass Select
Global Entry/TSA PreCheck application fee credit
Hotel elite status	None	None	None	Gold Elite in Marriott Bonvoy Gold in Hilton Honors	None
Special hotel privileges through…	Relais & Châteaux	ThankYou Rewards portal (4th-night-free benefit)	The Luxury Hotel & Resort Collection	Fine Hotels & Resorts The Hotel Collection	Luxury Card Travel
Concierge

The Platinum Card® from American Express reviews and complaints

Those who have the card often say you should get it mainly if you’re a frequent traveler who likes luxury perks. Many cardholders are impressed by the lounge experience afforded by the Amex Platinum Card. Some visit multiple lounges, such as The Centurion Lounge and Delta Sky Club. Other customers mention the points structure is specifically tailored to those who are often on the go.

Some customers rightfully point out that the card isn’t a good choice for everyday spending, questioning whether the high annual fee is worth the value gleaned from occasional travel. Other customers say the Amex Platinum Card is less accepted worldwide than Visas and Mastercards, and that the airline credits can be relatively difficult to use completely.

On February 2020, this reddit user described their own experience with the card: “This is the type of card that you acquire for its benefits but in general don’t spend that much money on. When I had the card, for example, the only category bonus that was any good was the 5% for airlines. Other than that you’d have been better off getting a (much cheaper) rewards credit card with better bonuses in the categories you tend to spend the most on.”

How to make the most of your card

There’s lots of room to get more out of your Amex Platinum Card, including:

• Qualify for the welcome offer.
  The Platinum Card® from American Express comes with a top-tier welcome offer, but there’s a steep spending requirement of $6,000 within the first 6 months of account opening. Time your purchases so you can easily meet your welcome-offer spending requirement. Once earned, you’ll find your points in your Membership Rewards account within eight to 12 weeks after you meet the spending requirement.
• Use your card for the right purchase categories.
  The card offers bonus rewards only for eligible flights and hotels, so consider not using it for other categories of spending. Instead, pair The Platinum Card® from American Express with another card that offers bonus rewards in your preferred spending categories. You can get more tips for earning at our Amex rewards earning guide.
• Redeem points on the best value. You have a few ways to use your points, including redeeming them on travel, for cash back, or transferring them. Some methods are worth more value than others, so check out our Amex redemption guide for a better idea of your big value plays.
• Use your credits. Leveraging your credits is essential to getting the most out of The Platinum Card® from American Express. Check your card’s terms to understand how to use your credits, as you don’t want to spend first only to realize you won’t be reimbursed.
• Register for Global Entry or TSA PreCheck.
  These Trusted Traveler Programs can save you loads of time at the airport, which is a cornerstone of luxury travel. Consider applying for one of these programs well before you’re scheduled to fly, as approval could take months.
• Enroll in Marriott Bonvoy and Hilton Honors.
  Just head over to your Amex online account and navigate to the “Benefits” tab.
• Leverage the Fine Hotels & Resorts Program and The Hotel Collection.
  It could be well worth looking for a property in these portfolios and booking with The Platinum Card® from American Express, as you’ll receive benefits that will heighten your stay.
• Use The Platinum Card® from American Express Concierge.
  You might be surprised by the number of tasks Concierge can take off your plate. If you’re overwhelmed with “to-dos” or need help getting arrangements sorted, call 1-800-525-3355.
• Add additional users.
  A $175 price tag for up to three additional cards could be a good deal, especially when additional users share many of the same benefits as you’ll find with The Platinum Card® from American Express.
• Pair your card.
  If you want to maximize your Membership Rewards points, try pairing up your Amex Platinum Card with other Amex rewards cards. Picking up two that can earn you accelerated rewards in other categories can help you create what’s known as the Amex Trifecta, a value generating powerhouse. The Amex EveryDay® Preferred Credit Card and Amex Gold Card are both great options for creating a trifecta.

Bottom line

The Platinum Card® from American Express isn’t for everyone, as only a few types of consumers can get maximum value from the perks. For those who sit in the right demographic, however, the card is one of the very best options in the premium-travel space.

If you’re not sure The Platinum Card® from American Express is right for you, there are many other travel options to consider.

What’s changed with the The Platinum Card® from American Express

01/20/2021	Old: Welcome offer: Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. • Earn 10x points on eligible purchases on your new Card at restaurants and Shop Small retailers, on up to $25,000 in combined purchases, during your first 6 months of Card Membership.	New: Welcome offer: Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership.
07/1/2021	Old: $550 annual fee. Welcome offer: Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership. • Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership.	New: $695 annual fee. Welcome offer: Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. • Earn 10x points on eligible purchases on your new Card at restaurants and Shop Small retailers, on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Added: $200 hotel credit on bookings through prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel $179 CLEAR credit per year Up to $100 statement credit to cover Global Entry/TSA PreCheck application fee every 4 to 5 years $300 Equinox credit on memberships per year Up to $20 in statement credits each month on the following subscription services: Peacock, Audible, SiriusXM, and The New York Times.

Compare The Platinum Card® from American Express with other cards

• Compare with Chase Sapphire Reserve®
• Compare with American Express® Gold Card
• Compare with Citi Prestige® Credit Card
• Compare with Delta SkyMiles® Reserve American Express Card
• Compare with Costco Anywhere Visa® Card by Citi

• Compare with United MileagePlus® Club card
• Compare with Luxury Card Mastercard® Black Card™
• Compare with The Business Platinum Card® from American Express
• Compare with JP Morgan Reserve Card
• Compare with Citi® / AAdvantage® Executive World Elite™ Mastercard®

How we calculated the welcome offer value of The Platinum Card® from American Express

To get to our current calculations on The Platinum Card® from American Express‘s welcome offer value, we looked at the flat bonus you earn after meeting spend requirements, which amounts to 100,000 Membership Rewards points. Finder’s current valuations for Membership Rewards points place them at around 2 cents a piece on average. Doing the math, your 100,000 Membership Rewards points at 2 cents a piece would offer a value of $2,000.

_{Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.}

• See rates and fees for The Platinum Card® from American Express
• See rates and fees for The Business Platinum Card® from American Express
• See rates and fees for American Express® Gold Card