Finder Award

The Platinum Card review 2021

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 60,000 points

Intro bonus

Earn 1 point

per £1 spent

Details

IssuerAmerican Express
NetworkAmex
Representative APRN/A (this product is a charge card).
Annual/monthly fees£575 per annum
Loyalty schemePoints
IncentiveLimited Time Offer: Earn 60,000 Membership Rewards® points when you spend £6,000 in your first six 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.

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

Name Product Rewards earn rate Max. intro bonus Annual/monthly fees Representative APR Ratings Link Incentive Representative example
The Platinum Card
Finder Award
The Platinum Card
1 point per £1 spent
60,000 points
£575 per annum
N/A (this product is a charge card).
Finder score
★★★★★
User survey
★★★★★
Check eligibility
Limited Time Offer: Earn 60,000 Membership Rewards® points when you spend £6,000 in your first six months of Cardmembership.
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Other popular Amex rewards deals

Table: sorted by representative APR, promoted deals first
Name Product Rewards earn rate Max. intro bonus Annual/monthly fees Representative APR Ratings Link Incentive Representative example
British Airways American Express Card
1 point per £1 spent
10,000 points
£0
24.5% APR (variable)
Finder score
★★★★★
User survey
★★★★★
Go to site
Limited time offer: Earn 10,000 bonus Avios when you spend £1,000 in your first 3 months. Earn 1 Avios for virtually every £1 spent. Spend £12,000 annually and get a travel companion voucher when redeeming Avios for a BA reward flight.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a., your representative rate is 24.5% APR (variable).
American Express Platinum Cashback Everyday Card
1% cashback
£100
£0
24.5% APR (variable)
Finder score
★★★★★
User survey
★★★★★
Go to site
New Cardmember offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. 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 24.5% (variable) p.a., your representative rate is 24.5% APR (variable).
American Express Rewards Credit Card
1 point per £1 spent
10,000 points
£0
24.5% APR (variable)
Finder score
★★★★★
User survey
★★★★★
Check eligibility
As a new Cardmember, earn 10,000 Membership Rewards® points when you spend £2,000 in your first 3 months of Cardmembership. Earn 1 point for every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a., your representative rate is 24.5% 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
29.8% APR (variable)
Finder score
★★★★★
User survey
★★★★★
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 24.5% (variable) p.a. with a fee of £25 per annum (waived in year one), your representative rate is 29.8% APR (variable).
American Express Platinum Cashback Card
1.25% cashback
£125
£25 per annum
29.8% APR (variable)
Finder score
★★★★★
User survey
★★★★★
Check eligibility
As a new Cardmember, get 5% cashback on your purchases (up to £125) for the first 3 months of Cardmembership. Spend £0 to £10,000 and receive 0.75% cashback on all purchases. Spend over £10,000 and receive 1.25% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a. with a fee of £25 per annum, your representative rate is 29.8% APR (variable).
The Marriott Bonvoy American Express Card
6 points per £1 spent with selected partners
2 points per £1 spent elsewhere
20,000 points
£75 per annum
41.6% APR (variable)
Finder score
★★★★★
User survey
★★★★★
Check eligibility
Earn 20,000 points bonus when you spend £3,000 in the first 3 months. Earn 2 points per £1 spent and 6 points per £1 of eligible spend at Marriott properties.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a. with a fee of £75 per annum, your representative rate is 41.6% APR (variable).
American Express Preferred Rewards Gold Credit Card
2 points per £1 spent with selected partners
1 point per £1 spent elsewhere
30,000 points
Year 1 - £0, Year 2 onwards - £140 per annum
59.9% APR (variable)
Finder score
★★★★★
User survey
★★★★★
Check eligibility
Limited Time Offer: Earn 30,000 Membership Rewards® points when you spend £3,000 in your first three months of Cardmembership. Offer ends 9 November 2021.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a. with an annual fee of £140 (£0 in first year), your representative APR is 59.9% APR (variable).
British Airways American Express Premium Plus
3 points per £1 spent with selected partners
1.5 points per £1 spent elsewhere
40,000 points
£250 per annum
101.1% APR (variable)
Finder score
★★★★★
User survey
★★★★★
Check eligibility
As a new Cardmember, earn 40,000 bonus Avios when you spend £3,000 in your first 3 months of Cardmembership. Earn 3 Avios for per £1 spent directly with BA and 1.5 Avios per £1 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a. with a fee of £250 per annum, your representative rate is 101.1% APR (variable).
The American Express Green Card
1 point per £1 spent
N/A
£60 per annum
N/A (this product is a charge card).
Finder score
★★★★★
User survey
★★★★★
Check eligibility
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. If you're an existing Cardmember, invite your friends to join American Express and you'll get 5,000 points if they are approved.
The Platinum Card
Finder Award
The Platinum Card
1 point per £1 spent
60,000 points
£575 per annum
N/A (this product is a charge card).
Finder score
★★★★★
User survey
★★★★★
Check eligibility
Limited Time Offer: Earn 60,000 Membership Rewards® points when you spend £6,000 in your first six months of Cardmembership.
Vitality American Express Credit Card
0.5% cashback
N/A
£0 (but £4.75 fee for the Vitality programme)
35.5% APR (variable)
Finder score
★★★★★
User survey
★★★★★
0.5% on £1 to £10,000 of yearly spend and 1% thereafter. Paid on anniversary. Must spend £3,000 annually to earn cashback. Earn up to 2% additional cashback on first £1,000 spend each month based on Vitality products held and monthly activity points earned. New cardmember offer: earn £100 statement credit when £2,000 spent in first three months.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a. with a fee of £0 per month (please note there is a £4.75 fee for the Vitality programme), your representative rate is 35.5% APR (variable).
American Express Basic Charge Card
N/A
N/A
£0
N/A (this product is a charge card).
Finder score
★★★★★
User survey
★★★★★
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.
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Approval for any credit card will depend 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. 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 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.

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.