In this guide

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

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The Platinum Card® by American Express
4.0
★★★★★
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 31.0% (variable) p.a. with a fee of £650 per annum, your representative rate is 704.6% APR (variable).
Balance transfer fee
0%
Intro bonus
Up to 40,000 points
Earn rate
1 point per £1 spent

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 (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
  • Worldwide travel insurance (subject to enrolment)
  • Up to 40,000 Membership Rewards® points introductory bonus
  • 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 £650 per annum
  • Many of the perks will require you to actively opt in

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 704.6% APR (variable)
Annual/monthly fees £650 per annum
Loyalty scheme Points
Incentive New Cardmembers earn 40,000 Membership Rewards® Points when you spend £6,000 in the first 3 months of Cardmembership. T&Cs Apply. UK 18+, subject to status.
Incentive on opening New Cardmembers earn 40,000 Membership Rewards® Points when you spend £6,000 in the first 3 months of Cardmembership. T&Cs Apply. UK 18+, subject to status.
Additional Rewards Info This new Cardmember offer is only available if you have not held a personal Membership Rewards enrolled American Express Card within the previous 24 months. If you have held a personal Membership Rewards enrolled American Express Card within the previous 24 months, you will be entitled to all other Card benefits, excluding the welcome offer.
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 31.0%
Purchases interest-free period (days) 56
Balance transfers 31.0%
Potential costs 3.0 ★★★★★
Doing its job 5.0 ★★★★★
Extras 4.5 ★★★★★
Overall Finder score 4.0 ★★★★★

Fees and charges

Minimum monthly payment £25 (or the total amount you owe if less)
Annual/monthly fees £650 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
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 Finder score Finder score Rewards earn rate Max. intro bonus Annual/monthly fees Representative APR Link Incentive Representative example
The Platinum Card® by American Express
4.0
★★★★★
★★★★★
Expert analysis
2 points per £1 spent with selected partners
1 point per £1 spent elsewhere
40,000 points
£650 per annum
704.6% APR (variable)
Check eligibility
New Cardmembers earn 40,000 Membership Rewards® Points when you spend £6,000 in the first 3 months of Cardmembership. T&Cs Apply. UK 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 31.0% (variable) p.a. with a fee of £650 per annum, your representative rate is 704.6% APR (variable).
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Other popular Amex rewards deals

Table: sorted by representative APR, promoted deals first
Name Product Finder score Finder score Rewards earn rate Max. intro bonus Annual/monthly fees Representative APR Link Incentive Representative example
American Express® Rewards Credit Card
4.0
★★★★★
★★★★★
Expert analysis
1 point per £1 spent
10,000 points
£0
31% 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 1,000 points) to shop, other rewards have differing conversions.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
British Airways American Express® Credit Card
4.0
★★★★★
★★★★★
Expert analysis
1 point per £1 spent
5,000 points
£0
31% APR (variable)
Check eligibility
Earn 5,000 points when you spend £1,000 within 3 months of account opening. Terms apply. UK 18+, subject to status. Earn 1 Avios for virtually every £1 spent.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
Amex® Cashback Everyday Credit Card
4.0
★★★★★
★★★★★
Expert analysis
1% cashback
£100
£0
31% APR (variable)
Check eligibility
Welcome offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
Amex® Cashback Credit Card
3.5
★★★★★
★★★★★
Expert analysis
1.25% cashback
£125
£25 per annum
36.7% APR (variable)
Check eligibility
Welcome offer: Get 5% cashback on your purchases (up to £125) for the first 3 months of Cardmembership. Terms apply. 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 31% (variable) p.a. with a fee of £25 per annum, your representative rate is 36.7% 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.

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 £650 per annum 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.

Frequently asked questions

What credit limit will I get with The Platinum Card® by American Express?

If American Express offers you this deal, it will specify a personalised credit limit based on American Express's assessment of your situation. The minimum limit offered on this card is £700, and American Express does not specify a maximum. Once you've had the card for a while and shown American Express you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using The Platinum Card® by American Express?

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

The cash advance fee on The Platinum Card® by American Express 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 38% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use The Platinum Card® by American Express abroad?

Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (£171.00), it'll cost you around £5.11 in fees.

Can I request an additional The Platinum Card® by American Express?

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.

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score credit cards to determine their value against similar products on the market. We look at a number of important factors, like its suitability for its intended purpose, any perks/extras it brings to the table, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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