The Platinum Card review June 2019

The Platinum Card
The Platinum Card
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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.

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 Platinum Card has no spending limit and a very appealing welcome bonus. There’s a high annual fee, but if you’re likely to spend a fair bit on the card, and could really milk the rewards, 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 rewards faster and share the perks. Here’s what you need to know.

Key details

IssuerAmerican Express
NetworkAmex
Rep. APRN/A (this product is a charge card).
Annual/monthly fees£575 per annum
Loyalty schemePoints
Incentive1 point earned for virtually every £1 spent. Additional 30,000 points earned when you spend £4K within first three months of Cardmembership. Earn 1 additional point for virtually every £1 spent at American Express Travel Online. Rewards points can be used as currency to buy flights and package holidays through Platinum Service. Reward points can also be redeemed for a wide range of products, experiences, travel and hotel stays. Cardmember can pay card fee (£575) using Membership Rewards® points at renewal. Earn 12,000 bonus points per friend/family that uses Referral Programme and successfully applies for a card and spends £4K within 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.
Annual/monthly fees£575 per annum
Foreign usage charge (EU)2.99%
Foreign usage charge (rest of world)2.99%
Cash advance fee3% (min. £3)
Late payment fee£12 for amounts still owed after 30 days, then payable each month after 60 days
Duplicate statement fee£2
Exceeding limit fee£0
Additional card fee£0
Replacement card fee£0
Dormancy fee£0
Minimum Age18
AvailabilityAvailable to new customers

How does this card compare to others that earn Membership Rewards?

Comparison ordered by representative APR with affiliated products shown first.
Updated June 19th, 2019
Name Product Max. intro bonus Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
2,500 points
1 point per £1 spent
£0
9.9% p.a. (variable)
Earn 2,500 bonus Membership Rewards points when you spend £1,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
N/A
1 point per £1 spent
£0
22.9% p.a. (variable)
Earn 1 Membership Rewards® point for every £1 spent.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
5,000 points
1 point per £1 spent
£0
22.9% p.a. (variable)
Earn 5,000 bonus Membership Rewards points when you spend £2,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
10,000 points
2 points per £1 spent
Year 1 - £0, Year 2 onwards - £140 per annum
57.6% p.a. (variable)
Earn 1 point for virtually every £1 spent. 2 points per £1 spent directly with airlines or in a foreign currency or 3 points for every £1 spent through American Express Travel. Earn 10,000 bonus points when you spend £3,000 in your first 3 months. Spend £15,000 or more during the year and earn 10,000 bonus points each year the card is renewed. Earn 6,000 points per friend/family member that successfully applies for the card or 12,000 points if they spend £3,000 in their first 3 months. Two complimentary lounge visits per year, available at over 500 airport lounges worldwide.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £140 per annum, your representative rate is 57.6% APR (variable).
30,000 points
1 point per £1 spent
£575 per annum
N/A (this product is a charge card).
1 point earned for virtually every £1 spent. Additional 30,000 points earned when you spend £4K within first three months of Cardmembership. Earn 1 additional point for virtually every £1 spent at American Express Travel Online. Rewards points can be used as currency to buy flights and package holidays through Platinum Service. Reward points can also be redeemed for a wide range of products, experiences, travel and hotel stays. Cardmember can pay card fee (£575) using Membership Rewards® points at renewal. Earn 12,000 bonus points per friend/family that uses Referral Programme and successfully applies for a card and spends £4K within first 3 months of Cardmembership.
N/A
1 point per £1 spent
£60 per annum
N/A (this product is a charge card).
1 point earned for virtually every £1 spent. Rewards points can be used as currency to buy flights and package holidays through American Express Travel. Reward points can also be redeemed for a wide range of products, experiences, travel and hotel stays.

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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 for the The Platinum Card

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.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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