The Platinum Card review 2020

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Enjoy extensive travel benefits and no interest charges with this super-premium (and as of June 2019, metal!) option from Amex.

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 charge card from American Express.

You say: ★★★★★We say: ★★★★★

£575

Yearly account fee

Up to 30,000 points

Intro bonus

Earn 1 point

per £1 spent

Details

IssuerAmerican Express
NetworkAmex
Rep. APRN/A (this product is a charge card).
Annual/monthly fees£575 per annum
Loyalty schemePoints
IncentiveAs a new Cardmember, earn 30,000 Membership Rewards® points when you spend £4,000 in your first 3 months of Cardmembership.
Additional Rewards InfoDedicated Platinum Service to take care of your travel and lifestyle plans such as your next travel adventure, dinner reservations and tickets to sold-out shows. Exclusive online access to American Express Travel, an online travel agency where flights, hotels, car hire and experiences can be booked. US$200 credit on every private home rental stay booked with onefinestay. When renting a car abroad, the theft, damage and liability additional/optional car rental insurance is covered for up to £50,000. £10 per month credit when booking a car with Addison Lee. Refund Protection - goods purchased from UK retailers, on or offline, will be refunded the purchase price up to a maximum of £300 per item, should the retailer refuse to refund or take back an unused item within 90 days of purchase. Access to tickets for must-see music, theatre and film events, often before they go on sale to the general public with American Express Experiences. Eligible for American Express Connect where cardmembers can choose offers from selected retailers to obtain discounts or cashback.
Lounge accessComplimentary 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.

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

The Platinum Card has no specified spending limit and a monster welcome bonus (subject to a minimum spend – see table above). There’s a high annual fee, 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 (yep – also metal) perhaps for a partner or family member, to earn reward points faster and to share the perks.

Being a charge card, you won’t be able to carry an outstanding balance from month to month – you’ll need to pay off your spending each statement cycle, and in return won’t be charged interest.

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 and cons

Pros

  • Airport lounge access and a very appealing welcome bonus.

Cons

  • High annual fee of £575 per annum.

How does it compare?

American Express's card

Data indicated here is updated daily
Name Product Rewards earn rate Max. intro bonus Annual/monthly fees Rep. APR Ratings Link Incentive Representative example
The Platinum Card
1 point per £1 spent
30,000 points
£575 per annum
N/A (this product is a charge card).
We say
★★★★★
You say
★★★★★
More Info
As a new Cardmember, earn 30,000 Membership Rewards® points when you spend £4,000 in your first 3 months of Cardmembership.
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Other popular Amex rewards deals

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Rewards earn rate Max. intro bonus Annual/monthly fees Rep. APR Ratings Link Incentive Representative example
British Airways American Express Card
1 point per £1 spent
5,000 points
£0
22.2% (variable)
We say
★★★★★
You say
★★★★★
Go to site
More Info
New Cardmember offer: Earn 5,000 bonus Avios when you spend £1,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
American Express Platinum Cashback Everyday Card
1% cashback
£100
£0
22.2% (variable)
We say
★★★★★
You say
★★★★★
Go to site
More Info
New Cardmember offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
American Express Rewards Credit Card
1 point per £1 spent
5,000 points
£0
22.2% (variable)
We say
★★★★★
You say
★★★★★
Go to site
More Info
As a new Cardmember, earn 5,000 Membership Rewards® points when you spend £2,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
The American Express Nectar Credit Card
2 points per £1 spent
20,000 points
Year 1 - £0, Year 2 onwards - £25 per annum
27.3% (variable)
We say
★★★★★
You say
★★★★★
Go to site
More Info
As a new Cardmember, earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 27.3% APR (variable).
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Approval for any credit card will depend on your status. The APR shown represents 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

If you want to apply for this platinum charge card, just click on the “Go to website” button below, and you’ll be taken to a secure application form. This takes about 15 minutes to complete. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.

The verdict

As the exclusively simple name suggests, the American Express Platinum Card is a premium charge 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.

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.

Frequently asked questions

Can I withdraw cash using The Platinum Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on The Platinum Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be .

How much does it cost to use The Platinum Card abroad?

Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£177.37), it'll cost you around £5.30.

Can I request an additional The Platinum Card?

Yes, in fact, you can request up to 5 more. There's no fee for additional cards. Plus, with additional cards, you could earn points at a faster rate. Bear in mind that card debt accrued by additional cardholders is the sole responsibility of the account holder – not the additional cardholder.

Can I use American Express Platinum with Addison Lee?

Yes, you can use your Amex Platinum card to book a private car or vehicle, and can also use it with CityFleet, Radio Taxis and Checker Cars. You can book a car up to three months in advance by using the Addison Lee app.

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