In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements
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The Platinum Card® by American Express review 2023

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The Platinum Card® by American Express
4.0
★★★★★
Finder score
Check eligibility
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of £575 per annum, your representative rate is 470.7% APR (variable).
Representative APR
470.7%
Balance transfer fee
0%
Yearly account fee
£575
Intro bonus
Up to 30,000 points
Our verdict

Amex has relaunched the iconic Platinum Card, with extensive travel benefits and a shiny new welcome bonus. Bye-bye charge card and hello to a super-premium (metal!) credit card.

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Amex has relaunched its iconic super-premium Platinum Card as a credit card, with a monster welcome bonus. There’s a high annual fee and a pretty hefty representative APR, but if you’re likely to spend a fair bit on the card and could really milk the ongoing rewards, then this card could be a good choice. Plus, you can request one supplementary card for a fee of £285 (yep – also metal) perhaps for a partner or family member, to earn reward points faster and to share the perks.

If you already own the traditional charge card, don’t panic throw it away just yet, Amex have announced that your card won’t be automatically cancelled and will still be available for you to use. Both credit cards and charge cards offer different purposes, you may wish to apply for the Platinum Credit Card. If approved for the new credit card, unfortunately will not be eligible for the new welcome bonus and if you do not cancel your charge card, you will have to pay for both annual fees. Stay sharp as the charge card will not be automatically cancelled if you get the credit card.

The impressive perks attached to this card are geared up to frequent travellers. You and an additional cardholder can benefit from complimentary airport lounge access, comprehensive worldwide travel cover (subject to enrolment) and hotel benefits like room upgrades and late check-outs.

Oh, and did we mention it's made of metal?

Pros

  • Airport lounge access
  • Earn points as you spend
  • Up to 30,000-point welcome
  • Worldwide travel insurance (subject to enrolment)
  • Dining statement credit at selected restaurants (subject to enrolment)
  • Harvey Nichols Lifestyle credit (subject to enrolment)
  • Hotel benefits like complimentary room upgrades and late check-out
  • Refer-a-friend points bonus

Cons

  • High annual fee of £575 per annum
  • Many of the perks will require you to actively opt in
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of £575 per annum, your representative rate is 470.7% APR (variable).

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements

If you travel often and want to access a wide range of benefits through your spending, such as airport lounge access and a concierge service, it could be worth considering this credit card from American Express.

Details

Product overview

Issuer American Express
Network Amex
Representative APR 470.7% APR (variable)
Annual/monthly fees £575 per annum
Loyalty scheme Points
Incentive Earn 30,000 Membership Rewards points when you spend £4,000 in your first 3 months of Cardmembership. Terms Apply. 18+, subject to status.
Incentive on opening Earn 30,000 Membership Rewards points when you spend £4,000 in your first 3 months of Cardmembership. Terms Apply. 18+, subject to status.
Lounge access Complimentary access to over 1,200 airport lounges across more than 130 countries worldwide through Priority Pass, with supplementary cardholder as guest. Access to the new Centurion Lounge, coming soon to Heathrow Terminal 3.
Purchases 30.7%
Purchases interest-free period (days) 56
Balance transfers 30.7%
Potential costs ★★★★★
Doing its job ★★★★★
Extras ★★★★★
Overall Finder rating ★★★★★
Overall customer rating
★★★★★

Fees and charges

Minimum monthly payment £25 (or the total amount you owe if less)
Annual/monthly fees £575 per annum
Balance transfer fee 0%
Money transfer fee 3%
Foreign usage charge (EU) 2.99%
Foreign usage charge (rest of world) 2.99%
Cash advance fee 3% (min. £3)
Late payment fee £12 for amounts still owed after 30 days, then payable each month after 60 days
Replacement card fee £0
Duplicate statement fee £2
Exceeding limit fee £0
Additional card fee £285
Dormancy fee £0

Application requirements

Minimum Age 18
Residency UK resident and has a UK bank or building society account.
Availability Available to new customers

How does it compare?

American Express's card

1 - 1 of 1
Name Product Ratings Finder rating Customer rating Rewards earn rate Max. intro bonus Annual/monthly fees Representative APR Link Incentive Representative example
The Platinum Card® by American Express
Finder score
★★★★★
User survey
★★★★★
★★★★★
Expert analysis
★★★★★
User rating
2 points per £1 spent with selected partners
1 point per £1 spent elsewhere
30,000 points
£575 per annum
470.7% APR (variable)
Check eligibility
Earn 30,000 Membership Rewards points when you spend £4,000 in your first 3 months of Cardmembership. Terms Apply. 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of £575 per annum, your representative rate is 470.7% APR (variable).
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Other popular Amex rewards deals

Table: sorted by representative APR, promoted deals first
Name Product Ratings Finder rating Customer rating Rewards earn rate Max. intro bonus Annual/monthly fees Representative APR Link Incentive Representative example
American Express® Rewards Credit Card
Finder score
★★★★★
User survey
★★★★★
★★★★★
Expert analysis
★★★★★
User rating
1 point per £1 spent
10,000 points
£0
30.7% APR (variable)
Check eligibility
Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn up to 90,000 bonus points per year through refer a friend, 4,000 points awarded for every friend approved. 1 point = 0.45p (min 1000 points) to shop, other rewards have differing conversions
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a., your representative rate is 30.7% APR (variable).
British Airways American Express® Credit Card
Finder score
★★★★★
User survey
★★★★★
★★★★★
Expert analysis
★★★★★
User rating
1 point per £1 spent
5,000 points
£0
30.7% APR (variable)
Check eligibility
Earn 1 Avios for virtually every £1 spent. Spend £12K each year and get a travel companion voucher when redeeming Avios for a BA reward flight. - Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme. Avios value varies dependent on reward (min 1000pts for flights)
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a., your representative rate is 30.7% APR (variable).
American Express® Platinum Cashback Everyday Credit Card
Finder score
★★★★★
User survey
★★★★★
★★★★★
Expert analysis
★★★★★
User rating
1% cashback
£100
£0
30.7% APR (variable)
Check eligibility
New cardmember offer: Get 5% cashback on your purchases (up to £100) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.5% cashback on all purchases. Spend over £10,000 and receive 1% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a., your representative rate is 30.7% APR (variable).
American Express® Nectar Credit Card
Finder score
★★★★★
User survey
★★★★★
★★★★★
Expert analysis
★★★★★
User rating
3 points per £1 spent with selected partners
2 points per £1 spent elsewhere
20,000 points
Year 1 - £0, Year 2 onwards - £25 per annum
36.3% APR (variable)
Check eligibility
Earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months. Earn a minimum of 3 Nectar points for virtually every £1 spent at Nectar partners, and 2 Nectar points for virtually every £1 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 30.7% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 36.3% APR (variable).
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Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

How to apply

First, you can use Finder's eligibility checker to find out if you'd be likely to get approved for The Platinum Card® by American Express. This won't impact your credit score. If it's good news, you can then proceed to American Express's online application, which takes 10–15 minutes to complete.

The bottom line

As the exclusively simple name suggests, the American Express Platinum Card is a premium credit card that doesn’t skimp on the perks. Whether it’s airport lounge access, concierge services or simple reward points, this card delivers in spades, but you’ll need to cough up a whopping £575 annual fee for the privilege. Make sure you repay your card in full each month or you might be hit by that high APR.

But if rewards are what you’re after, it’s hard to look past this premium card, especially if you’re likely to take full advantage of the enormous introductory points bonus.

Which lounges will I be able to access?

Here’s a list of Priority Pass lounges around the world. You can search for the specific country or airport that you’re heading to.