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Is the Amex Platinum worth the annual fee?

Editor’s note: This is a recurring post, regularly updated with new information. 


These days, consumers have no lack of choices when it comes to premium cards. Although many of these premium cards carry high annual fees, the benefits, credits and earning potential can be worth more than the annual fee for some cardmembers. So, before you sign up for a new card — or when you’re considering whether to keep or cancel an existing card — it’s important to ask yourself whether the card is worth the annual fee.

Today we’ll consider The Platinum Card® from American Express, which has a $695 annual fee (see rates and fees). There are strong arguments in favor of the card, such as a robust roster of 17 airline and three hotel transfer partners that includes British Airways and Delta, a Global Entry or TSA PreCheck application fee waiver every four years (up to $100), an annual airline fee credit, Uber credits, medical evacuation travel protection, travel insurance and more. (enrollment required)

Official application link: The Platinum Card® from American Express — 100,000 Point Offer after you meet the minimum requirements.

Amex has also added more than $900 in potential credits — for an annual fee increase of $145. Enrollment required for select benefits. But the value obtained will vary for each cardmember. This guide considers all the benefits, credits and earning potential of the Platinum Card so you can decide for yourself whether it is worth the annual fee.

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In This Post

Overview of benefits

First, let’s look at a quick rundown of the current benefits of the card.

  • The Platinum Card from American Express comes with 100,000 bonus points after you make $6,000 in purchases in the first six months of card membership (you may be eligible for an Amex Platinum 125k points bonus offer using the CardMatch tool); new cardholders can also earn 10x points on eligible purchases on the card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first six months of card membership.
  • Up to $200 annual airline fee in statement credits on incidental fees charged by the airline you select.
  • 5x Membership Rewards points on flights booked directly with airlines or with Amex Travel (5x points on up to $500,000 on these purchases per calendar year).
  • 5x Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Uber VIP status and up to $200 Uber credit split into monthly $15 credits for U.S. rides plus a bonus of $20 in December.
  • 12 months of complimentary access to Eats Pass, valued at $10 per month, when you enroll by Dec. 31, 2021.
  • Up to $100 fee credit for Global Entry or an $85 fee credit for TSA PreCheck every four years.
  • Up to $100 Saks credit split into two up to $50 statement credits for January-June and July-December.
  • Points transfer to 20+ airline and hotel partners.
  • Access to the American Express Global Lounge Collection, which includes Centurion Lounges, Priority Pass lounges, Delta Sky Clubs on same-day Delta flights and the Airspace and Escape lounges.
  • Complimentary Gold status at Hilton and Gold Elite status in the Marriott Bonvoy program.
  • Complimentary memberships in Hertz Gold Plus Rewards, Avis Preferred and National Car Rental Emerald Club Executive.
  • Access to Amex Fine Hotels & Resorts.
  • No foreign transaction fees (see rates and fees).
  • $550 annual fee (see rates and fees).
  • Add up to three authorized users for a fee of $175 per year (see rates and fees).

Enrollment required for select benefits.

Plus, Amex has added the following:

  • Up to $200 hotel fee credit on prepaid bookings at Fine Hotels + Resorts or The Hotel Collection properties made through Amex Travel.
  • Up to $179 statement credit for a Clear membership.
  • An up to $240 annual statement credit for digital entertainment applied for Audible, The New York Times, SiriusXM and Peacock.
  • An up to $300 annual credit to select Equinox memberships or a digital subscription to Equinox+ fitness app.

Enrollment required for select benefits.

The welcome offer is a valuable benefit for new cardmembers. Based on TPG’s current valuations, American Express Membership Rewards points are worth approximately 2 cents apiece, so the 100,000-point welcome offer is worth about $2,000. But since the welcome offer is a one-time benefit, we won’t consider the welcome bonus when deciding whether the Platinum Card’s annual fee is worth paying.

(Photo by Eden Batki / The Points Guy)

Credits that reduce your effective annual fee

The Platinum Card offers eight main credits that can reduce your effective annual fee: an annual airline-fee credit, an annual hotel fee credit, annual credits for Equinox, digital entertainment and Clear, monthly Uber cash, a bi-annual Saks credit and every-four-years Global Entry or TSA PreCheck credit. If used fully, these credits are worth approximately $525 each year. If you can use these credits to cover expenses you’d already be paying, your effective annual fee drops to just $25. And if you apply before the end of 2020 and use your limited-time streaming, wireless, Dell and Uber Eats Pass credits, the card more than pays for itself.

Let’s look at each credit individually.

Airline fee credit

This is one of the most basic yet still confusing (to some) benefits of the Platinum Card. This up to $200 credit is given to cardholders to use over the course of a calendar year (not a cardmember year) for fees on one airline. Cardholders must go to Amex’s website and select the single airline on which they would like to use the fee credit.

Technically, this credit is meant to be used toward incidentals such as checked baggage fees, seat assignment fees, airline lounge passes and similar expenses. Depending on how airlines code certain purchases, it is also sometimes possible to purchase airline gift cards to use toward tickets and be reimbursed via the credit (but this can change unexpectedly).

Potential annual value:$200

(Photo by JT Genter/The Points Guy)

Uber credits

This perk provides cardholders up to $200 in ride credits per calendar year and Uber VIP status, which gives access to better cars and better-rated drivers in select locations. To take advantage of this benefit, you must link your Platinum Card to your Uber account. Then you’ll automatically receive $15 in Uber cash credit each month, except for December, when you get $35 worth of credit. The monthly credits can be used on multiple rides, but it doesn’t roll over if you don’t use the credit by the end of the month. Assuming you take one or two rides in a city each month, it’s easy to max out this perk. The discount only applies to rides within the U.S., and there’s no requirement to pay any remaining balance with your Amex card.

There’s also 12 months of complimentary access to Eats Pass when you enroll by Dec. 31, 2021.

Potential annual value:$320

Related: How to make sure you’re getting your Amex Platinum Uber credits

(Photo by Darren Murph / The Points Guy)

Saks Fifth Avenue credit

This Saks Fifth Avenue credit is available in the form of two $50 statement credits per year. Each year you can get one $50 statement credit for Saks purchases between Jan. 1 and Jun. 30 and another $50 statement credit for purchases between July 1 and Dec. 31. This credit can be applied at both Saks Fifth Avenue and Barney’s. You’ll need to enroll your Amex Platinum Card for this benefit to take effect, but there’s no minimum purchase required. If you don’t shop at Saks yourself, you can still buy lots of gifts for others. (enrollment required).

Potential annual value:$100

Related: Your guide to the Amex Platinum Saks Fifth Avenue credit

Global Entry or TSA PreCheck credit

This is another great benefit targeted toward frequent travelers. When you pay for the $100 Global Entry application fee or the $85 TSA PreCheck fee using your card, it will be refunded to you as a statement credit. Cardholders are eligible for this statement credit every four years since you have to renew your Global Entry or TSA PreCheck membership every five years. Because Global Entry also qualifies you for TSA PreCheck, let’s rate the full value of this benefit at $100 but amortize it over the four years.

Potential annual value:$25

Related: Key things to know before getting Global Entry

One of the perks of this card is a $100 credit toward the application fee for Global Entry or TSA PreCheck, which you can use once every five years. (Photo by Joe Raedle/Getty Images)

Hotel credit

The hotel credit is among the new benefits that can help you save money on bookings each year. You’ll get up to $200 in annual reimbursements (paid through a statement credit) when you book a prepaid stay at the Fine Hotels + Resorts or The Hotel Collection properties made through Amex Travel. Note that if you’re booking through The Hotel Collection, there’s a minimum stay requirement of two nights.

Potential annual value: $200

Related: How the Amex Platinum card easily saved me $200 on a one-night hotel stay

Clear membership credit

As travelers return to the skies, a terrific new benefit that will save you time and stress at the airport is the annual statement credit for your Clear membership. You’ll receive up to $179 in reimbursement, enough to cover you for Clear for an entire year. Make sure to activate this credit first under the “Benefits” section of your Amex Platinum account, which will launch you to the Clear website to sign up for the membership.

Potential annual value: $179

Related: Clear expedited airport security program — Is it worth it?

Clear airport

Digital entertainment credit

In an attempt to move towards lifestyle-focused benefits, Amex has added a digital entertainment credit that will offer reimbursement for the following services: Audible, Peacock, SiriusXM and The New York Times. You can mix and match how you’d like, but you’ll earn up to $240 in annual statement credits (broken down to $20 monthly increments). While you may or may not subscribe to the eligible programs already, it can certainly help offset the cost if you are already using one of the services listed above.

Potential annual value: $240

Related: Best credit cards for streaming services

Equinox credit

The final statement credit is perhaps the most targeted towards consumers. When you pay for your eligible monthly Equinox membership or the Equinox+ fitness app, you’ll receive $25 in statement credits each month (for up to $300 in reimbursement each year). The app itself costs $40 per month and may be useful to those who don’t live near an Equinox location, typically located in major cities. Meanwhile, the membership reimbursement terms seem much more stringent. You’ll only receive reimbursement for month-to-month memberships with all-access, destination or E by Equinox access, severely limiting those on annual contracts or single club access.

Potential annual value: $300

Related: At home or at the gym: The best credit cards to maximize your next workout

Other potentially valuable card benefits

The eight credits described in the previous section can help bring your annual fee down from the published $695 per year to $0 per year. However, even if you can’t use all of the credits — perhaps because you can’t use the Equinox locations since you visit a different gym, you don’t like shopping at Saks or you can’t find anyone to use the Global Entry/TSA PreCheck credit that seemingly comes with every premium credit card — it’s still possible that the card’s benefits and earning potential will provide enough value to justify the annual fee.

Some of the card’s benefits discussed below may provide no value to you but significant value to someone else. So, I won’t assign value to these benefits but instead introduce them so you can estimate their value for yourself.

(Photo by Isabelle Raphael/The Points Guy)

Airline and hotel bonus categories

Cardholders earn 5x points per dollar on airfare when booked directly with airlines or with American Express Travel. They are also eligible to earn 5x points per dollar on prepaid hotels booked on amextravel.com, including prepaid Amex Fine Hotels & Resorts bookings made online. The Platinum card also has trip cancellation, interruption and delay insurance. However, it still does not include baggage delay reimbursement.

The value of this benefit depends on how frequently you’d use the Platinum Card to book eligible airfare and prepaid hotels. For example, if you spend $500 each year on eligible Fine Hotels & Resorts stays, you’ll earn 2,500 points on these stays, which are worth about $50 given our current valuations. But, if you spend $5,000 each year on eligible airfare and prepaid hotel bookings, you’ll earn 25,000 points on these purchases, which is worth about $500.

You'll earn 5x on prepaid Fine Hotels & Resorts stays. (Photo by Katie Genter/The Points Guy on the Park Hyatt Beijing)

Lounge access

The Platinum Card has the best lounge access benefits of any credit card out there through The American Express Global Lounge Collection. The Lounge Collection includes Priority Pass Select membership and access to Delta SkyClubs, Escape lounges, Plaza Premium lounges, Air Space lounges, Centurion Lounges and International American Express Lounges.

The card’s Priority Pass Select membership gets the cardholder and two guests into more than 1,300 Priority Pass lounges worldwide for free, although you’ll need to request your membership card. The Platinum Card also gets cardholders into Delta Sky Clubs on same-day Delta flights. Cardholders can bring up to two guests to SkyClubs but must pay $39 per guest and these guests will also need to be flying Delta. (enrollment required)

Platinum cardholders and up to two guests are also granted entry into Amex’s Centurion Lounges, including lounges in multiple U.S. cities as well as a lounge in Hong Kong (HKG). There are also a couple of International American Express Lounges in Argentina, Australia, India and Mexico.

The Amex Centurion Lounge in Philadelphia (PHL). (Photo by Zach Honig / The Points Guy)

Marriott Bonvoy and Hilton Honors elite status

Some cardholders tend to forget about the hotel elite status that comes with The Platinum Card. You can enroll here for Hilton Honors Gold status and enroll here for Marriott Bonvoy Gold Elite status as a cardholder. TPG values Hilton Honors Gold status at $1,260 and Marriott Bonvoy Gold Elite status at $845, respectively, based on certain stay and spending habits. However, note that these figures are based on earning status the regular way through nights and stays and leveraging those benefits on those nights and stays. So, if you stay fewer nights, you’ll likely get less value from the status. (enrollment required)

Marriott Gold status will provide benefits at properties like the Westin Langkawi. (Photo by Katie Genter/The Points Guy)

Fine Hotels & Resorts

Platinum cardholders can book stays through the Amex Fine Hotels & Resorts program. By doing so, you’ll get elite-like benefits including noon check-in (based on availability), room upgrades (when available), daily breakfast for two people, complimentary Wi-Fi, guaranteed 4 p.m. late checkout and a unique property amenity valued at $100 or more. Plus, you’ll earn 5x points on prepaid stays booked online through FHR. Read more in TPG’s full guide on the Fine Hotels & Resorts Program.

American Express Fine Hotels & Resorts benefits

The Hotel Collection

When you book a two-night or longer stay through the Hotel Collection with American Express Travel, you’ll get a $100 hotel credit for use on qualifying dining, spa and resort activities and a room upgrade upon arrival (when available). You can book up to three rooms and receive these benefits on each room. Plus, you’ll earn 5x points on prepaid Hotel Collection stays that are booked online.

American Express Hotel Collection benefits

International airline program

Through Amex’s International Airline Program, you can get discounts on premium economy, business- and first-class tickets on 25 airlines. You can even use Pay With Points to purchase them. The cardholder must be traveling, but they can purchase up to eight tickets on the same reservation with participating airlines. The only downside is that you’ll need to pay a $39 service fee per ticket, even if you book using the new online chat service. The dollar amount you save can vary, but we found it to be about 12% in many test cases.

International Airline Partners as of Apr. 26, 2019.

Cruise Privileges Program

Whether you’re an avid cruiser or only take one cruise every year or two, this benefit is worth mentioning. Cardmembers receive a $100 shipboard credit for inside and outside staterooms; a $200 shipboard credit for balcony, veranda and mini-suite staterooms; and a $300 shipboard credit for suites and other select staterooms on select cruise lines. There’s a limit of one benefit package per stateroom and a three-stateroom limit per cardmember per sailing. You’ll also get an additional amenity like a bottle of wine on select cruise lines. Read more in TPG’s full guide on the Cruise Privileges Program.

Image courtesy of Norwegian Cruise Line.

Car rental elite status

In addition to hotel elite status, cardholders can enroll for status with several car rental programs, including Avis Preferred, Hertz Gold Plus Rewards and National Car Rental Emerald Club Executive status. Though rental car perks are hard to quantify, conveniences, discounts and time-saving benefits like guaranteed availability and return grace periods can be invaluable. You’ll need to register for these elite statuses on the Amex website.

(Photo by George Rose/Getty Images)

ShopRunner membership

ShopRunner gives Amex cardholders free two-day shipping and free return shipping on eligible items at participating online stores. This is a simple but nice benefit. To be eligible, you must enroll in ShopRunner and use your Amex card for purchases through ShopRunner. (enrollment required)

Bonus: Authorized users

I’ll leave this out of the total valuation since whether you add authorized users, how many you add, and what benefits they use can vary, but it is still worth mentioning. Amex Platinum cardholders can add up to three authorized users to their account for a total of $175 per year (see rates and fees), and those users are eligible for some of the same benefits as the main account holder, including lounge access, Global Entry/TSA PreCheck reimbursement, hotel elite status and Fine Hotels & Resorts benefits (not to mention Amex sometimes offers cardholders bonus points for adding authorized users).

Bottom line

(Photo by Isabelle Raphael/The Points Guy)

The Platinum Card from American Express now comes with a $695 annual fee (see rates and fees), but for many travelers, the card’s benefits will more than offset the annual fee. If you can maximize all of the annual statement credits, you’re looking at $1,400+ in value — more than twice the $695 annual fee (see rates and fees). Plus, the various other benefits of the card can be worth even more for most frequent travelers.

If you cannot use all of the card’s credits each year — perhaps because you live overseas and can’t use the monthly Uber credits or struggle to use the new “lifestyle” benefits — then consider the value of the credits you can use. Next, consider the Platinum Card’s benefits — 5x Membership Rewards earning on select airfare and hotel purchases, lounge access, excellent evacuation protection, elite status with Hilton and Marriott, access to the Hotel Collection and Fine Hotels and Resorts programs and more — and decide how much value these benefits can provide to you. Then you can determine whether the annual fee is worth it for you based on your spending and travel habits.

If you’ve decided that the card is worth its annual fee, here’s the official application link: The Platinum Card® from American Express — 100,000 Point Offer.

Check the CardMatch tool to see if you’re targeted for a 125,000 or 150,000-point Platinum card offer (after meeting minimum spending requirements). These offers are subject to change at any time.

For rates and fees of the Amex Platinum, please click here.

Additional reporting by Stella Shon, Katie Genter and Benét J. Wilson.

Featured photo by The Points Guy.

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Eric Rosen Eric Rosen originally joined The Points Guy as the site's first managing editor back in 2011. He also contributed to major publications including Bloomberg, Condé Nast Traveler, National Geographic Traveler, and Travel + Leisure before rejoining TPG as Director of Content in 2021.
Sours: https://thepointsguy.com/guide/is-amex-platinum-worth-fee/

The Amex Platinum now has a $695 annual fee: Is it still worth it?

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

The Platinum Card® from American Express recently underwent a major revamp of the benefits offered on the card. Several new features were added, but to offset that cost, American Express raised the annual fee from $550 to $695 (see rates and fees).

While $550 was already a steep price to pay, raising it another 25% has many questioning if the card is still worth it. On top of that, as the travel industry continues to recover from the Covid-19 pandemic, some consumers are wondering whether a travel credit card like the Amex Platinum is right for them.

Below, Select breaks down the Amex Platinum's rewards, benefits and fees to help you decide if it's the right card for you, despite the higher annual fee.

Is the Amex Platinum worth it?

The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.

However, some credit card enthusiasts have compared the new benefits to that of a "coupon book," questioning the true value these credits are offering Platinum cardmembers. Many of the benefits, like the entertainment and Equinox credits, are essentially forcing some customers to spend more money than they normally would — defeating the purpose of the card saving you money.

In addition, there are valid arguments that the Amex Platinum card is only worth holding onto for one year, and then cardholders should consider canceling when the second annual fee posts on the billing statement because the value of benefits significantly decreases after the first year, most notably because you won't receive a second the welcome offer.

Here is a list of the benefits you will receive in your first year of card membership:

Amex Platinum benefits

Benefit Potential value Details of the benefit Is this a new benefit?
Welcome offer: Earn 100,000 Membership Rewards points after you spend $6,000 on purchases on your new card in your first six months of card membership. You will also earn 10X points on eligible purchases on your new card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of card membership. That's an additional 9X points on top of the 1 point you earn for these purchases.$2,120 (Points are valued at 2 cents per point. This assumes you earn the full welcome bonus plus an additional 6,000 in points when you charge $6,000 in order to hit the spend requirement, assuming an earning rate of 1 point per dollar)As you spend on the card, you will earn the following: 5X per $1 booked directly with airlines or Amex Travel, up to $500,000 per year; 5X per $1 on prepaid hotels booked on AmexTravel.com; 1x per $1 on other purchasesNo, however, this welcome offer is elevated. In the past, the welcome offer was 60,000 Membership Rewards points after spending $5,000 in the first three months.
$200 Hotel credit$200 Get $200 back in statement credits each year on prepaid hotel stays at either Fine Hotels + Resorts or The Hotel Collection. Must book with American Express Travel and pay with the Amex Platinum.Yes
Up to $200 Airline fee credit$200 Get $200 each year in incidental credits (i.e. checked bag fees, in-flight drinks, etc.) Must select one airline and charge to Amex Plat.No
$300 Equinox credit$300 You will get a $25 statement credit each month for an Equinox gym membership or towards their fitness app. The Equinox app alone costs $39.99 per month, and a club membership will run you close to $200 per month.Yes
$155 Walmart+ credit$155Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.Yes
Airport lounge accessVariableYou will receive access to the American Express Global Lounge Collection, which includes: Priority Pass membership, Delta Sky Club access and Centurion lounges.No
$200 Uber credit$200 You will get $15 in Uber Cash per month (bonus $20 in December) for Uber rides or Uber Eats orders.No
Up to $240 digital entertainment credit$240 You will get $20 back each month for one or more of the following services: Peacock, The New York Times, Audible or Sirius XM.Yes
$100 TSA PreCheck/Global Entry credit$100 You will receive up to $100 every 4 years after you apply for Global Entry. Because TSA PreCheck is included with Global Entry, it is advantageous to apply for Global Entry to use the entire $100 credit every 4 years.No
$179 CLEAR credit$100 You will receive up to $179 per year in statement credit to apply for CLEAR, a biometric security program located at airports and stadiums across the U.S. We only value this at $100 because members of select airline loyalty programs can apply for CLEAR at a discounted rate.Yes
$100 Saks Fifth Avenue credit$100 You will receive $50 semiannually to use at either Saks Fifth Avenue or saks.com. No
Complimentary Hilton Honors Gold statusVariableYou will receive complimentary Gold status benefits when you book directly at Hilton properties. Gold status includes: daily food/beverage credit, upgrades when available, fifth night free when using points and free Wi-Fi.No
Complimentary Marriott Bonvoy Gold Elite statusVariableYou will receive complimentary Gold Elite status benefits when you book directly at Marriott properties. Gold status includes: upgrades when available, late checkout and enhanced Wi-Fi.No

With over $3,500 in potential value, it's easy to justify having the American Express Platinum Card for one year — even with a nearly $700 annual fee.

However, many of the above values are estimates. You have to ask yourself: Are these credits really worth their face value? We valued Amex points at 2 cents apiece, which is possible if you're transferring them to airline partners. But not everyone will extract that much value from Amex points.

Unfortunately, the Equinox and entertainment credits are more like coupons. Equinox is a pricey fitness club with limited locations, and the entertainment credit is limited to just a handful of subscription services, these benefits deliver questionable value when justifying the annual fee.

It's harder to put a price on airline lounge access and elite status with Hilton and Marriott. Some may get huge value from these benefits if they're frequent travelers at airports with qualifying lounges or prefer staying at Hilton and Marriott properties. An annual membership to the Delta SkyClub alone starts $545. Others may not be able to easily access these benefits based on location or travel habits.

You could also argue the CLEAR membership becomes less valuable if you enroll in Global Entry or TSA PreCheck in year one since TSA PreCheck and Global Entry are accepted at every U.S. airport.

What to know if you are considering the Amex Platinum

If you're considering the Amex Platinum, it could be worth it for the first year, and then reevaluate when the second annual fee posts. But aside from the benefits, be sure to evaluate your own spending prior to applying. If you have travel purchases like flights and hotels coming up, you can take advantage of the 5X points for every dollar spent on travel booked through American Express.

The value of the credits we tallied up doesn't take into account other American Express features such as purchase protection, travel insurance and concierge service, among others. For many, the customer support they receive as a Platinum cardmember makes the annual fee worthwhile.

In addition, take the time to figure out if you'll be able to use the credits. For example, if you already paying for an Equinox or New York Times subscription, then those are valuable benefits. But for those uninterested or unable to access the benefits, you might want to consider another credit card. 

But most importantly, don't force yourself into a difficult financial situation just to have a credit card. If the annual fee is too expensive, don't fret — there are several other credit cards you can consider without a steep annual fee.

Alternatives to the Amex Platinum

Whether you're a current Amex Platinum cardholder, or are considering applying for it, it is advantageous to consider all options available. It could be another American Express credit card, a business credit card if you are a business owner or a comparable travel credit card that may be a better option for you.

If you want similar travel perks to the Amex Platinum, consider The Business Platinum Card® from American Express. It comes with airport lounge access, hotel elite status and travel credits like the personal Platinum card, but has a slightly lower annual fee of $595 (see rates and fees). The fee is going up to $695 if your application is received on or after 01/13/2022.

The Chase Sapphire Reserve® is another premium travel card loaded with benefits, including a $300 travel credit, Priority Pass airport lounge membership, $60 DoorDash credit, plus it earns 3X points on all travel and dining purchases. However, it does have a $550 annual fee.

For those who don't want to fork over north of $500 for an annual fee, consider the Chase Sapphire Preferred® Card and American Express® Gold Card. The Sapphire Preferred currently has a 60,000-point welcome bonus which you'll earn after spending $4,000 in the first three months of card membership. Those points are worth $750 for travel when booking through Chase and the card carries an annual fee of only $95.

The Amex Gold is a strong points-earning card since it gets 4X points for every dollar spent on dining, including restaurants, takeout and delivery and 4x points for every dollar spent at U.S. supermarkets on up to $25,000 (then 1x point). It also comes with Uber and dining credits worth up to $240 a year, which helps offset the $250 annual fee (see rates and fees).

Bottom line

The Platinum Card from American Express still remains an excellent card for luxury travelers. Between the welcome offer, laundry list of benefits, consumer protections and excellent concierge service, it is an experience having the card. However, a $695 annual fee is an eye-popping figure for many that can lead some to question the value.

Overall, the Amex Platinum still remains worth it if you can take advantage of the benefits without overextending yourself. At the end of the day, it's not financially savvy to spend more money just to take advantage of the card's benefits. But if you can strategically plan purchases you were already going to make that align with the benefits of the card, it is still worth it.

The Platinum Card® from American Express

  • Rewards

    Earn 10X points on eligible purchases on the card at restaurants worldwide and when you shop small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of card membership, 5X points on flights booked directly with airlines or with American Express Travel (starting January 1, 2021, this applies on up to $500,000 per calendar year), 5X points on prepaid hotels booked with American Express Travel, 1X points on all other purchases

  • Welcome bonus

    100,000 Membership Rewards® points after spending $6,000 within 6 months of account opening

  • Annual fee

    $695

  • Intro APR

    None

  • Regular APR

    See Pay Over Time APR

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    None

  • Credit Needed

    Excellent/Good

See rates and fees, terms apply.

For rates and fees of the The Platinum Card® from American Express, click here.

For rates and fees of the Business Platinum Card® from American Express, click here.

For rates and fees of the American Express® Gold Card, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Sours: https://www.cnbc.com/select/is-the-amex-platinum-worth-it/
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How Hard Is It To Get The American Express Platinum Card? (Review)

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Of all the cards that have gotten a bit of a makeover over the past few months, The Platinum Card® from American Express is still one of the best. Not only does it have new perks valued at over $1,400, but it also comes with an exciting welcome bonus that can set you up for the future—one of several incredible 100k bonus offers available now like the all-time high 100k bonus for the Chase Sapphire Preferred. Read this post to see how the Amex Platinum and Sapphire Preferred compare.

New The Platinum Card® from American Express cardmembers can earn 100,000 Membership Rewards® Points after spending $6,000 on purchases on the Card in the first 6 months of Card Membership. New cardholders also earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Terms apply. Also, there’s currently an enhanced 150,000-point offer through the CreditCards.com CardMatch™ tool. This is a targeted offer and an incredible welcome offer.

But is the Amex Platinum hard to get? We’ll break down the approval factors below.

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Approval Factors and Benefits for The American Express Platinum Card

Use this guide to jump to specific approval factors and benefits:

With its generous welcome bonus, tiered purchase rewards, annual travel credits, and fringe benefits that will make any frequent flier drool (as exemplified in our comprehensive American Express Platinum review), the Amex Platinum metal credit card is highly sought after.

But, the Amex Platinum has a high annual fee of $695 (See Rates & Fees).

While many travelers have their eyes on it, how hard is it to get The Platinum Card® from American Express? Let’s find out what the Amex Platinum requirements are. Terms apply.

Learn more: Johnny Jet’s Recommended Credit Cards

Credit Score Needed for American Express Platinum

The credit score needed for the American Express Platinum is generally above 700. According to Credit Karma, the average score is 715. Although, several applicants with credit scores in the 600s have also been approved, even as low as 643.

If your credit score is borderline 700, you might wait until your score crosses that threshold. That way, you can be considered to have good or above-average credit. A few ways to quickly boost your credit score include paying any current credit card debt, paying off a financial loan, and not trying for any new credit accounts. This includes not trying for any additional credit card accounts as each inquiry will drop your score a few points.

how hard is it to get the American Express Platinum?

If your credit score is in the 600s, you can still get approved for The Platinum Card® from American Express, but, it depends on the quality of your credit. Your approval chances will be highest if you have a low debt-to-income ratio and have not applied for many new credit accounts recently. This tells American Express that while you might have a low score, you can responsibly manage the credit you do have.

Too Many Accounts

Having too many new accounts can potentially jeopardize your approval chances because the reviewer might think you are going on a spending spree and will not afford the monthly payment. While American Express doesn’t have the rigorous 5/24 rule like Chase, where your application is declined if you have five new credit cards within the most recent 24 months, too many recent applications can still raise a red flag.

You can only receive a welcome bonus once per lifetime on American Express cards. This is very important concerning the American Express Platinum requirements.

Learn more: Johnny Jet’s Recommended Credit Cards

If you are concerned about your credit score, you might consider getting another American Express credit card first. This can be a wise move if you don’t own a credit card already. Your approval odds increase if you can responsibly manage a credit card.

The Amex Platinum is one of the most prestigious travel credit cards you can own. The Amex Platinum metal credit card is not only thick, but it comes with tremendous travel benefits and a nice welcome bonus.

Trying for an American Express credit card lets you establish a relationship with Amex. Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future. Several of the best no annual fee travel credit cards are offered by American Express.

Other Options

Or, you might even consider the American Express® Gold Card as it also offers an annual travel credit and is cheaper than the Platinum Card (See Rates & Fees). But, it doesn’t come with all the additional travel benefits nor earn purchase rewards as quickly on travel purchases.

The Amex Platinum can be a hard credit card to get. It does have a high annual fee of $695 (See Rates & Fees).

 Therefore, you may want to check out some of the other best credit cards for travel miles options that come with lower annual fees.

Some experts recommend waiting two years to try for the Amex Platinum after you get your first credit card. It largely depends on your credit history. If you have a credit score in the 700s or upper 600s, you might be able to try for one in as little as six months, provided you have never missed a payment.

Learn more: Johnny Jet’s Recommended Credit Cards

Do You Need to Be 21 for the American Express Platinum Card?

Your approval chances are much better if you’re 21 years old or older when you try for The Platinum Card® from American Express. To be an authorized user, you must be 18 years old. As most teenagers do not have the credit score or income to pay the $695 annual fee, this restriction won’t disqualify too many applicants.

Basically, American Express wants to know their applicants have shown they can honor their commitments by being steadily employed or graduating college in the four years between when they graduate high school at age 18 and usually get their first “real” job at age 21.

You can still submit an application if you are under age 21. But, you might have to submit additional documentation to verify your income for this metal credit card.

Is the Amex Platinum’s $695 Annual Fee Worth It?

Unlike other credit cards that waive the annual fee for the first year, the $695 annual fee will be charged on your first monthly billing cycle. If you don’t have $695 to pay the annual fee, don’t try for the card.

If you want to add an authorized user, you will also need to pay $175 upfront for each additional card. Note that your authorized users can receive an American Express Gold card for free.

The fee isn’t due as soon as you activate the American Express Platinum metal card, one of the best metal credit cards. You do have a month to come up with the money.

Learn more: Johnny Jet’s Recommended Credit Cards

Perks

Cardholders earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel, up to $500,000 on these purchases per calendar year, and earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel.

Cardholders can get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when paying with their Platinum Card®.

Also, get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.

If you ride Uber or use Uber Eats, this credit will make you happy. Cardholders can enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Members only.

Plus, American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.

Terms apply. Enrollment may be required.

New The Platinum Card from American Express Benefits

There’s also a new digital entertainment credit. Cardholders can get up to $20 in statement credits each month when you pay for eligible purchases with The Platinum Card® from American Express at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.

In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Cardholders can use their Card and get up to $179 back per year on their CLEAR® membership. Terms apply.

Another exciting new benefit is the ability for cardholders to enjoy up to $25 back each month on select Equinox memberships when you pay with your Platinum Card®. This amounts to up to $300 annually. Enrollment required.

There is also a $155 Walmart+ credit to enjoy. This covers the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.

Get the full details and learn more in our in-depth The Platinum Card from American Express review.

The annual fee is $695 (See Rates & Fees) but can be offset with the perks, which are valued at over $1,400.

Salary Needed for Amex Platinum Credit Card

There are no published salary requirements in order to qualify for The Platinum Card® from American Express. But, the more you earn, the better. If you make near $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.

Having a lower income means you will most likely get a lower credit limit. But, it still means you get the Platinum Card and can enjoy all the benefits. You just might have to make other purchases on your secondary cards to keep your monthly balance below 30% of your Platinum Card’s credit limit.

This will help maximize your credit score.

Related: Best Places To Get A Free Credit Score

Going for the Amex Platinum Card

The last step is to try for The Platinum Card® from American Express. The easiest way is online as you enter all your personal information and your salary to receive an instant decision. If American Express has a few questions about your credit history, they might hold your application for additional review and give you a decision within a few business days.

You will also need the full name and social security number of all people you wish to add as an additional cardholder. If you do not want to try for the card online, you can also try by phone.

Learn more: Johnny Jet’s Recommended Credit Cards

How Hard is it to Get the American Express Platinum?

Getting approved for the American Express Platinum is a lot like any new credit card application. You have better chances with a credit score above 700, a clean credit history, and a low debt-to-income ratio. If you think you might have to work on these factors, take the time to improve your credit so that you too can enjoy the benefits.

Little Known Benefits of the American Express Platinum Card

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

The Platinum Card® from American Express is one of my favorite premium credit cards. There are a ton of well-known benefits such as the ability to earn 5X Membership Rewards® points per dollar spent on purchases made directly with airlines or at amextravel.com, up to $500,000 on these purchases per calendar year.

There’s also up to $200 in annual airline fee statement credits for incidental fees at one qualifying airline (enrollment required). There are also some great hotel perks, helping it land on some of the best hotel credit card offers list. Terms apply and enrollment may be required.

But there are a ton of other great benefits jam-packed into this card that you might not know about.

Learn more: Johnny Jet’s Recommended Credit Cards

10 Little-Known Benefits of the Platinum Card

Here are 10 little-known American Express benefits of The Platinum Card. Note that enrollment may be required for the benefits below. Terms may apply. 

1. Emerald Club Executive Membership with National

This is one of the benefits of the Platinum card that you’ll love if you do a lot of driving. You can enroll in National’s Emerald Club program and automatically be upgraded to their Executive status level. When you’re Executive, you can select from a special aisle of cars at participating locations – usually including a bunch of great rental options!

This benefit of the Platinum card has made National my favorite car rental company. Recently, I’ve been able to upgrade to a VW Bug convertible, a Jeep Wrangler, and a Cadillac XTSeven though I paid for the cheapest economy car possible!

The Amex Platinum is also one of the best credit cards for car rental insurance.

2. American Express Concierge

If you want to be known as the person who scores seats to the sold-out events, you’ll love the benefits of the Platinum card. Do you need help with a tough-to-nail restaurant reservation or event tickets? Need assistance with your Christmas shopping?

The American Express Concierge can help. Simply call (800-525-3355) or email with your request and they’ll do what they can to meet your needs.

3. Presale Tickets Access

Similar to above, this is one of the benefits of the Platinum card that will help you score those impossible seats. Cardholders have access to presale tickets to concerts and events from Ticketmaster. This is a great benefit if there’s a show you’ve had your eye on.

American Express also regularly offers early or exclusive access to other events, such as the theater production of Hamilton.

4. Reserved Seating

Another concert benefit – get preferred seating when you reserve your tickets with Ticketmaster using the offer code on the back of your card. This is actually one of my favorite benefits of the Platinum card. You can sit in front and center and enjoy the show.

5. By Invitation Only Events

If small, intimate events are your thing, this benefit is really going to come in handy. American Express books events for cardholders with celebrity chefs and other celebrities. They tend to be on the expensive side, but are small, intimate, and incredibly unique.

More conventional but still highly desirable events, like the ball dropping in Times Square for New Years, are also available.

6. Cruise Privileges

When you book your cruise through Amex cruises, you’ll get $100-$300 in onboard credit for each stateroom you book. You’ll also be eligible for additional amenities that vary by the cruise line. This is definitely of the better benefits of the Platinum card if you like to vary your travel between air, land, and sea. 

There’s a reason why the Platinum Card from American Express is one of the best rewards credit cards!

7. Global Dining Collection

Certain restaurants reserve a table specifically for American Express cardmembers. You may book these tables through the Amex Platinum Concierge.

Additionally, cardholders have access to special events and experiences at some restaurants such as kitchen tours.

8. InCircle Loyalty Program

After you enroll in InCircle, you’ll get a $100 InCircle Point Card for every $10,000 you spend at Neiman Marcus, Bergdorf Goodman, Last Call, Horchow, and Cusp. Points are not earned on sales tax, shipping, alterations, gift packaging, fur services, and a number of other things. This is one of those great little additional benefits of the Platinum card if you shop at these stores anyway.

9. Premium Private Jet Program

In case there’s ever a time that you need to hire a private jet, you can book it directly through American Express Travel. While not a benefit that most people are going to need regularly, it’s a nice option to have in your back pocket.

10. Global Boingo Wi-Fi Membership

This is probably one of the most useful and widely used benefits of the Platinum card. While it’s usually not too difficult to find free WiFi, your American Express Platinum card gives you access to a Boingo WiFi membership. Boingo has over one million hotspots available worldwide.

This could be the difference between WiFi and no WiFi or lightning-fast speeds and slower connections. However, you must register to access these hotspots.

Learn more: Johnny Jet’s Recommended Credit Cards

Summary

As you can see, The Platinum Card® from American Express has a ton of benefits packed in. It’s likely that you don’t know about these benefits because they don’t get as much attention. There’s also The Business Platinum Card® from American Expressif you are looking for a business version of the Platinum card.

I personally really love the fact that I have access to the Executive Aisle cars when I rent from National. I also occasionally make use of the Boingo membership that comes with my card. Which of these benefits of the Platinum card from American Express is your favorite?

Learn more: Johnny Jet’s Recommended Credit Cards

Related Posts:

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

For rates and fees of The Platinum Card® from American Express, please click here.

For rates and fees of The American Express® Gold Card, please click here.

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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

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How to maximize benefits with the Amex Platinum Card; over $900 in new statement credits added

Editor’s note: This is a recurring post, regularly updated with new information.


The Platinum Card® from American Express is one of the best premium travel rewards cards available. Thanks to its generous benefits and its ability to earn valuable transferable American Express Membership Rewards points, it can be well worth the annual fee of $695 (see rates and fees).

The Amex Platinum’s current public offer is 100,000 Membership Rewards points after you spend $6,000 on purchases in your first six months of card membership. While this is an excellent welcome bonus, you may want to check the CardMatch tool for targeted offers — we’ve seen Amex Platinum bonuses of 125,000 points floating around in the past (those offers are subject to change without notice).

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In addition to the generous welcome offer, you’ll also earn 10x on eligible purchases made at restaurants worldwide and when you “Shop Small” within the U.S. on up to $25,000 in combined spending during the first six months of card membership.

Whether you’re ready to begin traveling again or not, this luxury-centric card can confer extremely valuable benefits that can save you a bundle. Let’s take a look at some of the card’s best perks, including an airline fee credit, a monthly Uber credit and much more.

In This Post

Amex Platinum benefits overview

*Enrollment required for select benefits, terms apply.

We’ll describe each benefit, and focus on how to maximize the value you can derive from it. The details are below.

$200 in Uber Cash

LONDON, UNITED KINGDOM - JUNE 4: Detail of a man holding up an Honor 20 Pro smartphone with the Uber transport app visible on screen, while taxis queue in the background, on June 4, 2019. (Photo by Olly Curtis/Future Publishing via Getty Images)

What it is: One of the more popular Amex Platinum perks is the annual Uber Cash of up to $200, allotted in $15 monthly increments except in December, when you’ll get a $35 credit ($15 plus a $20 bonus) for U.S. services. For anyone who frequently uses the ride-hailing service, it shouldn’t be hard to get the full $200 in value from this benefit. Make sure you add your Amex Platinum to your Uber account and the credit will automatically be applied to your first domestic ride each month.

Tips for maximizing: Note that these credits are only valid for Uber rides in the U.S., and you don’t have to pay your balance with an Amex card to get the discount, meaning you could use the card for the portion of a ride covered by the statement credit and then pay the rest of the fare using another card with better earning rates. The credits expire at the end of each month, so you won’t be able to roll over any unused credits. The credits also work for Uber Eats purchases.

American Express will give Platinum cardholders 12 months of complimentary access to Eats Pass*, valued at $10 per month, if they enroll by Dec. 31, 2021.

$200 airline fee credit

(Photo by Katie Genter / The Points Guy)

What it is: With the Amex Platinum, you get up to $200 in statement credits toward incidental airline expenses with one carrier each calendar year. Enrollment is required. Compared to other cards that offer airline fee or travel credits, the Platinum card terms are limited. For instance, you must specify one eligible U.S. airline each year with which to use the benefit ahead of time, and the credit doesn’t cover airfare. Although it used to be possible to buy gift cards using this credit, Amex has cracked down and closed that loophole. Still, you can use your Platinum card to offset expenses from luggage fees to seat selection, lounge access and more.

Tips for maximizing: You’re technically limited to the airline you select for the entire calendar year, but reports indicate that you might be able to change your selection by contacting customer service. Hint: Choose United. Although Amex doesn’t explicitly list which charges are eligible for this credit, it excludes the following expenses:

Airline tickets, upgrades, mileage and points purchases, mileage and points transfer fees, gift cards, duty-free purchases and award tickets are not considered incidental fees.

So try to stick within those parameters to avoid any issues.

$200 American Express Fine Hotels + Resorts credit

Our dinner at the ETA Restaurant in the Loews Chicago Hotel.

What it is: Another benefit of this card is the Amex Fine Hotels + Resorts program, which is available to Platinum, Business Platinum Card® from American Express and Centurion cardholders. Amex FHR is essentially a travel portal that lets you book stays at a selection of luxury hotels, and participating properties with a variety of benefits, including complimentary room upgrades when available, noon check-in when available, 4 p.m. checkout, daily breakfast for two, a unique property credit worth at least $100, and more. At select hotels in the Amex FHR program, you can also enjoy a free night — usually the third, fourth or fifth night.

Plus, you’ll get up to $200 annually in statement credits when you book a prepaid rate through Amex Fine Hotels + Resorts (or the not-quite-as-prestigious The Hotel Collection) with American Express Travel.

Tips for maximizing: Consider the length of your stay before using American Express Fine Hotels + Resorts to book a property. Not every participating property offers a free night, so the Citi Prestige® Card fourth-night free benefit could be a stronger choice depending on the length and cost of your stay (though the Prestige now only allows two fourth-night free reimbursements per calendar year and isn’t alwaysthe best option; card no longer available for new sign-ups). The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

On the other hand, booking through Amex FHR and paying with the American Express Platinum could make sense for a shorter stay at an eligible property, especially with the on-property credit that’s usually worth at least $100. Combine that with the generous yearly $200 in annual statement credits and the 5x points you’re earning (after those credits) when paying for your stay with the Amex Platinum, and this becomes a big difference-maker as to whether the card’s annual fee is worth paying each year.

Related: When to book through Amex Fine Hotels + Resorts vs. Chase Luxury Hotel & Resort Collection

Up to $100 Credits for Global Entry or TSA PreCheck enrollment fees

The new US Customs and Border Protetion Global Entry Trusted Traveler Network kiosks are seen at Dulles International Airport (IAD), December 21, 2011 in Sterling, Virgina, near Washington, DC. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)

What it is: This is definitely one of the Platinum Card benefits you shouldn’t leave on the table. You can get a credit to cover the application fee for Global Entry once every four years (up to $100) or TSA PreCheck once every 4.5 years ($85). Both trusted traveler programs expedite your experience at the airport — at customs and immigration with Global Entry, and at security checkpoints with PreCheck. Once you’ve applied and been accepted for Global Entry — essentially a fast pass for clearing immigration when you return to the U.S. — you’ll also likely be eligible for TSA PreCheck, although you’ll need to add your Known Traveler ID number to all your frequent flyer accounts to enjoy the benefit.

Tips for maximizing: You must charge the application fee to your Platinum card to get the fee waiver. Although you won’t be able to take advantage of this benefit each year, because Global Entry and TSA PreCheck memberships are good for five years, it’s nice to know that authorized users can also receive a fee credit. It costs $175 (see rates and fees) to add up to three additional users to your card account — see our guide on adding Amex Platinum authorized users for more info.

Related: Global Entry vs. TSA PreCheck: Which is better?

$179 Clear membership credit

Clear airport

What it is: Your teachers in kindergarten were incorrect all along: Cutting in line is totally allowed — if you’ve got the Amex Platinum.

Clear is a program that essentially lets you skip the serpentine queue at TSA security checkpoints. It’s got its own lane that allows you to input biometrics such as fingerprints or an iris scan instead of waiting in line to hand your ID and boarding pass to a TSA officer. Just take a few seconds at a Clear kiosk, and you’ll be escorted directly to the big gray bins.

This card benefit gives you up to $179 back per calendar year on your Clear membership — the exact price for which the membership retails and whether you are eligible for discounts thanks to any other associations you have, such as airline elite status with some carriers. In other words, though, as long as you have the Amex Platinum, you can receive free membership with Clear.

Tips for maximizing: Only select airports participate in Clear. At the time of writing, only 38 airports have installed Clear in their departure halls. If you don’t find yourself frequenting those airports, this benefit may not move the needle for you. However, there are 20+ stadiums and other venues that also accept Clear for a more expedited entrance into sporting and concert events.

$300 Equinox Credit

What it is: Equinox is an expensive, upscale chain of gyms in the U.S., Canada and London. You’ll get up to $25 back each month on select Equinox memberships, or a digital subscription to Equinox+ (the on-demand fitness app). Enrollment is required.

Tips for maximizing: If you find yourself heading to Equinox gyms anyway, this is a nice perk. This credit should in no way spur you to begin a membership, however, as many memberships cost hundreds of dollars per month. Also, the vast majority of Equinox locations are in New York and sprinkled around other major cities, so this won’t appeal to a broad audience.

The most practical use is a digital subscription to Equinox+, regularly $39.99 per month, so you can take digital live and on-demand classes.

$155 Walmart+ credit

What it is: Walmart+ is a service that gives you an assortment of benefits as a Walmart customer, including:

  • Free grocery delivery (must order at least $35 in products)
  • Free shipping on non-grocery items (no order minimum)
  • Discounts on prescriptions
  • Discounts at Walmart and Murphy gas stations
  • A streamlined in-store shopping experience

You’ll receive up to $155 per year in credits toward Walmart+ when you pay for your membership each month. Membership costs $12.95 per month (plus any applicable tax), meaning this perk effectively equates to free Walmart+ membership as long as you have the card (though you might be responsible for local taxes and fees).

Tips for maximizing: While this benefit offers up to $155 in credits annually, it’s not actually worth quite that much. That’s because you can purchase an annual Walmart+ membership for $98 (plus applicable tax). Still, while the Amex Platinum and Walmart are an unlikely pair, this is a nice perk if you’re interested in having groceries delivered for free. That looks to be far-and-away the biggest benefit of this subscription. Walmart states that it will deliver as fast as same-day (presumably based on how busy their delivery service is).

$300 Soulcycle statement credits

What it is: You’ll receive up to $300 in statement credits when you use your Amex Platinum to purchase a SoulCycle at-home bike. You can use this credit for up to 15 bikes per calendar year.

Tips for maximizing: This is one of the least useful credits we’ve ever seen on a card, for the following reasons:

  • SoulCycle bikes sell for $2,500 plus taxes and fees. This purchase doesn’t appeal to many of us.
  • The 15-bike limit is a (somewhat disingenuous) way for Amex to brag that the Amex Platinum offers up to $4,500 in annual statement credits from this perk. As director of content Eric Rosen says, unless you’re starting your own SoulCycle studio, why would you be interested in purchasing more than one bike or getting more than $300 off an already expensive purchase?
  • You cannot finance your bike while also getting a $300 statement credit — you must complete the purchase in a single transaction.
  • You must buy Equinox+ if you want SoulCycle content. Again, Equinox+ costs $39.99 per month, and the new Equinox statement credit only covers up to $25 per month, so you’re on the hook for even more spending to try to use this benefit.

That said, if you’re interested in this particular perk, must make your purchase through this link. If you purchase in-store or through the Equinox mobile app, you won’t receive the $300 statement credit. Also, accessories you may purchase for the bike will not be offset by this credit.

$100 Saks Fifth Avenue credits

What it is: This perk is available in the form of two up-to-$50 statement credits per year. Your first $50 statement credit can offset purchases from January through June; a second $50 statement credit is available from July through December. You must register your Amex Platinum card through your Amex online account to receive this benefit.

Tips for maximizing: There is no minimum purchase required to trigger these new statement credits, so you could make a purchase of $50 (or less) once every six months and not owe anything out of pocket once the credit posts to your Amex Platinum account.

$240 digital entertainment credit

What it is: The Amex Platinum’s annual fee may have gone up, but this new benefit alone may be enough to make the card a better deal than before, depending on your spending habits.

You’ll receive up to $20 in statement credits each month when you pay for eligible purchases with your Amex Platinum at one or more of the following providers (enrollment required):

  • Peacock
  • Audible
  • SiriusXM
  • The New York Times

Tips for maximizing: Some of us can max out this perk without spending a dime more than usual. For example, a Peacock subscription ($4.99 per month) and an Audible Premium Plus subscription ($14.95 per month) will nearly account for the full $240 in statement credits each year. That said, it would be great if Amex were able to add even more eligible services to help more cardmembers make the most of this.

Related: Best credit cards for streaming services in 2021

5x earning on airfare and hotels

(Photo by Katie Genter/The Points Guy)

What it is: The Amex Platinum has long been considered a top premium card, but it’s the 5x bonus categories that give it excellent earning potential for certain travel purchases. You’ll earn 5x Membership Rewards points on airfare booked directly with the airline or through Amex Travel (on up to $500,000 per calendar year), plus 5x points on prepaid hotels booked with American Express Travel. Based on TPG’s most recent valuations, this nets an outstanding 10% return on qualifying purchases — better than what you’ll get with other premium cards like the Citi Prestige® Card.

The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Tips for maximizing: You’ll earn 5x points on airfare when you book directly with the airline or through Amex Travel, so you have some flexibility. When it comes to hotels, however, you’ll only earn 5x points when you book prepaid rates through American Express Travel, or when you book prepaid stays online through Amex Fine Hotels + Resorts. So you’ll need to weigh whether earning those extra rewards is worth giving up the perks you could enjoy by booking directly with the hotel.

10x on qualifying purchases at restaurants worldwide and when you Shop Small in the US

What it is: For new cardholders only, you’ll get 10 Membership Rewards points per dollar spent on eligible purchases at restaurants around the world, as well as at Shop Small establishments within the U.S. The offer is valid on up to $25,000 in combined spending during the first six months of holding the card. Shop Small is a collection of small businesses that includes local retail stores, supermarkets, beauty shops, convenience stores and more.

Tips for maximizing: This is a great new addition from American Express. With it, new cardholders can earn 9 points more per dollar than its standard earning rate on restaurant purchases, as well as an assortment of other purchases thanks to diverse categories of Shop Small businesses. By adding these two largely everyday spending categories, Amex has shown that it’s serious about giving cardholders new ways to earn bonus points. If you’re very strategic and you can float some money, you can use the Shop Small category to max out the 10x bonus for the full $25,000.

Centurion Lounge access and more

What it is: Cardholders enjoy complimentary access to American Express Centurion Lounges. If you’ve ever visited one, you’ll know why this is great: These spaces offer gourmet food, craft cocktails and comfortable places to rest. This a great benefit if your home airport (or an airport where you frequently connect) is one of the airports where Centurion Lounges are currently located.

Another three lounges have recently joined the network — one at New York (JFK) opened in October 2020,  Denver (DEN) opened a while after, and London (LHR) is set to open later in 2021. Amex touts that they’re expanding the Centurion network to include more than 40 Centurion Lounge and Studio locations around the world.

The Amex Platinum Card also entitles you to Delta Sky Club access (during same-day travel with the airline), Priority Pass lounges (although not restaurants) and others. Enrollment required.

Tips for maximizing: Cardholders can enjoy access to Centurion Lounges for themselves, plus up to two guests and any children under 2. This benefit is also available with The Business Platinum Card® from American Express ($595($695 if application is received on or after 1/13/2022) annual fee; see rates and fees) and the Centurion card. Note that beginning on Feb. 1, 2023, you will only receive guest privileges if you spend $75,000 annually on your card. Otherwise, you’ll be charged $50 per guest.

Elite status with Hilton and Marriott

(Photo by Katie Genter/The Points Guy)

What it is: The Platinum Card allows members to register for automatic Gold Elite status in the Marriott Bonvoy program, along with Hilton Honors Gold elite status. Both hotel chains offer on-property benefits such as late checkout and bonus earnings on stays to elite members.

Tips for maximizing: Having a card that gives you elite status without ever having to step foot into a hotel means you won’t have to worry about hitting spending thresholds or stay minimums. Multiple chains, including Hilton and Hyatt, extended status for existing elites, but if you were starting from scratch this year, the Amex Platinum could be a saving grace.

Hilton Honors Gold elite status — which usually requires 20 stays, 40 nights or earning 75,000 Honors base points — includes an 80% points bonus on stays, provides complimentary breakfast at most hotel brands and entitles you to space-available upgrades. Meanwhile, standout benefits of Marriott Bonvoy Gold Elite status — which usually requires 25 nights — include a 25% points bonus on stays, upgrades to enhanced rooms and free premium internet.

Car rental program elite status

hertz-presidents-circle-garage-car-rental-2019

What it is: In addition to Hilton and Marriott elite status, you’ll also get status with a few car rental programs. You’ll get Avis Preferred, Hertz Gold Plus Rewards and National Car Rental Emerald Club Executive status. You’ll need to enroll for these benefits on the Amex website.

Tips for maximizing: Regardless of how often you rent cards, go ahead and register for these programs since doing so may allow you to skip the counter and/or get upgraded cars when you rent with these companies. With demand for rental cars skyrocketing — along with daily prices — having elite status may be a big help when it comes to getting the transportation you want.

Travel and shopping protections

delta-airplane-jet-plane-msp-airport

What it is: American Express offers shopping and travel protections when you use your card to make eligible purchases. These protections include:

  • Trip delay protection: If your trip is delayed by more than six hours because of a covered reason, you may be eligible to be reimbursed up to $500 per covered trip for reasonable additional expenses up to two claims per consecutive 12-month period.
  • Trip cancellation and interruption protection: If you need to cancel or interrupt your trip because of a covered reason, you may be eligible for reimbursement of up to $10,000 per covered trip and $20,000 per card per consecutive 12-month period.
  • Extended warranty: Extends eligible manufacturer’s warranties of five years or less by up to one additional year.
  • Purchase protection: Protects recent purchases against theft, accidental damage or loss for up to 90 days from the purchase date up to $10,000 per claim and $50,000 per account per calendar year.
  • Return protection: If you try to return an eligible item within 90 days from the date of purchase and the merchant won’t take it back, American Express may refund the full purchase price (up to $300 per item).

Tips for maximizing: When you’re making a purchase for which you might later benefit from shopping or travel protections, be sure to save your receipt. Start a claim as soon as possible if you need to use your card’s protections. You can see the travel and shopping protections for all Amex cards on the Amex website.

Cruise Privileges Program

DIsney Cruise Line (Summer Hull / The Points Guy)

What it is: The American Express Cruise Privileges Program offers U.S. Amex Platinum members and U.S. Centurion cardmembers exclusive benefits and complimentary amenities on sailings of five nights or more. However, you must book through an approved channel and on an eligible cruise line in order to receive these benefits.

Tips for maximizing: Before you book a cruise, check americanexpress.com/cruises to see if Amex offers the cruise you want at a competitive price. If so, you could enjoy extra benefits on your trip.

International Airline Program

(Photo by Nick Ellis/The Points Guy)

What it is: The American Express International Airline Program offers U.S. Amex Platinum members and U.S. Centurion cardmembers discounted first-class, business-class and premium economy tickets on about 25 airlines.

Tips for maximizing: If you’re booking a premium-cabin fare on one of the eligible airlines, check whether you can get a lower rate by booking through the Amex International Airline Program. Not all participating airlines will offer discounts on every flight, but it’s not uncommon to see fares significantly discounted.

American Express concierge

(Photo by jacoblund / Getty Images)

What it is: If you’re short on time, consider outsourcing your trip planning to the Amex Platinum Concierge. With the Platinum card, Business Platinum card or Centurion (Black card), you get access to a special phone service to assist you in booking top restaurants and events, as well as finding a perfect dinner spot or even delivering items on demand and other tasks.

Tips for maximizing: This credit card concierge service can be especially helpful if you need to snag a table at a fully booked restaurant, as a selection of fine-dining establishments around the world reserve a table for Platinum cardholders.

Related: Comparing concierge services

ShopRunner membership

What it is: American Express cardholders can enroll in a complimentary ShopRunner membership. You’ll get free two-day shipping and free returns on eligible items at more than 100 retailers, including Saks Fifth Avenue.

Tips for maximizing: You can check out the full list of retailers with ShopRunner availability here. You’ll need to enroll using your eligible card, but then you’ll just sign in to ShopRunner at checkout to start using benefits. You can stack ShopRunner with other deals such as Amex Offers and shopping portal bonuses. Make the most of your online shopping by getting the most points, miles and other savings you can.

Are the Amex Platinum benefits worth it?

It’s hard to assign a specific value to most of the perks on this list. If you live in a city with a Centurion Lounge, you can easily get several hundred dollars’ worth of quality food and drink each year. Other travelers might get much more value out of the bonus points that come with complimentary Marriott and Hilton elite status. For a more tangible idea of how much value this card offers, look at how many Membership Rewards points an average person might earn by using their Platinum card for a year.

With any new card, you have to look at the first year and subsequent years separately. The Amex Platinum is currently offering a welcome bonus of 100,000 Amex Membership Rewards points after you spend $6,000 on purchases in your first six months of card membership.

The 100,000-point bonus is worth $2,000 based on TPG’s valuations — and significantly more if you know the sweet spots of American Express Membership Rewards. Moreover, the temporary 10x points on eligible purchases at restaurants worldwide and when you Shop Small in the U.S., in addition to all the valuable perks, may make it easy to justify paying the annual fee for at least one year. But what about the following years?

For the purpose of this analysis, let’s assume you’re spending exclusively on the Platinum card. According to the Bureau of Labor Statistics, the average American household spent about $36,000 on credit cards in 2017. The report breaks down the spending categories, which include apparel, healthcare, alcohol and more, but doesn’t offer any insight into how much of that spending might be 5x airfare or hotel purchases issued by the Amex Platinum card.

Assuming that all of these expenses only earned 1 point per dollar spent, the average consumer would earn 36,000 Membership Rewards points a year on their Amex Platinum card, worth a solid $720. However, TPG readers are far from the average consumer. If you add an additional $2,000 a year of airfare and hotel expenses that earn 5x points with the Amex Platinum (when booked directly with airlines or through Amex Travel), and a conservative $5,000 a year on restaurants and Shop Small merchants such as supermarkets that earn 10x points in the first six months, you increase your return 66% more and bring your total haul to 60,000 Membership Rewards points, worth $1,200 based on TPG’s valuations.

Bottom line

The takeaway here is that although the Amex Platinum isn’t the best card to use for your everyday spending, the average consumer should have no trouble recouping their annual fee with the points they earn. Of course, if you spend more heavily on travel, especially if you’re lucky enough to be able to charge reimbursable business travel to your personal credit cards, this estimate might be too conservative. You’ll have to adjust the numbers to match your situation.

Ready to apply? Here’s the official application link: The Platinum Card from American Express

For rates and fees of the Amex Platinum Card, please click here.
For rates and fees of the Amex Business Platinum, click here.

*For Uber Eats Pass terms and conditions, click here.

Additional reporting by Juan Ruiz and Ethan Steinberg.

Featured photo by Isabelle Raphael for The Points Guy.

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Welcome to The Points Guy!

Joseph Hostetler is a credit cards writer with more than five years of experience writing professionally about all things miles and points. He previously wrote and edited for Million Mile Secrets.
Sours: https://thepointsguy.com/guide/maximizing-amex-platinum/

Reddit select card

This thread is archived. Basically 2% is the top I don't want to have to worry about it just give me some return on my spending number. If you’re looking for a good balance transfer card, the Citi Double Cash Card offers a low APR for 18 months on all balance transfers. A travel rewards credit card is still a good option … With these tips in mind, here's a round-up of the most popular types of credit cards in Singapore, sorted by category. I’ve noticed there’s amazing cards people talk about on the thread and was curious is there were better everyday cards to use .. no specific categories just regular spendings . Being able to get your cash back once a month, regardless of the amount, is rare. For the best rewards credit cards 2020 ranking, MoneySense tapped into Ratehub.ca ’ s‡ credit card tool and ran the numbers for cash back and travel credit cards… However, the absolutely best everyday spending card is BOA's Premium Rewards with Platinum Honors, which gives you 3.5% on dining/travel, 2.62% on everything else, $100 in incidental travel credits, TSA Pre Check / Global entry credit, and some other travel insurance perks all for an annual fee of $95. From a straightforward 2% cash back card, to cards that potentially get you a lot more value with a few tricks, you’re probably leaving money on the table. One of our favorites is the Blue Cash Preferred® Card from American Express, which gives you a whopping 6% cash back on U.S. supermarket purchases and (up to $6,000 in purchases per year, 1% thereafter), 6% cash back on select U.S. streaming … Alliant has a 2.5% card but it has a $99 annual fee (waved the first year though). Best Credit Cards for EZ Link. Points cards offer the most versatile rewards experience, providing a wide variety of redemption options, even cash back in most cases, making them a flexible everyday credit card option. To achieve Platinum Honors you need to have $100k invested in combined Merrill Edge / BOA accounts. Then the 2% back on restaurants, gas, drugstores is a nice everyday thing. Press J to jump to the feed. (Low apr, if you consider this a benefit). In addition, Freedom Unlimited offers … There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever … However, the absolutely best everyday spending card is BOA's Premium Rewards with Platinum Honors, which gives you 3.5% on dining/travel, 2.62% on everything else, $100 in incidental travel credits, TSA Pre Check / Global entry credit, and some other travel insurance perks all for an annual fee of $95. Credit card providers with instant approval can provide a digital credit card that you can start using even before your physical card arrives in the mail. With enough patience and strategy, you can earn enough credit card rewards to cover everyday expenses, like gas and groceries, or big-ticket items like airline tickets, hotel rooms or rental cars. Up to 3% cash back on your choice of six categories. NerdWallet rating 4.9/5. Easily makes up the. They have other categories you can choose for the 3% but I have other cards for those. Capital One gives you rewards as transactions post. There are many cash back credit cards that offer bonus rewards on everyday purchases such as gas and groceries. creditcardGenius is a smart credit card matchmaker that compares 126+ features of 178+ credit cards, with objective ratings, rankings and reviews. I would prefer a card that does not have a yearly fee. Chase Freedom Unlimited® Check out the benefits of POSB Everyday Card. Most cards only give you your cash back once a billing cycle, so if that's a big deal for you, your options will get quite limited. Best Everyday Cash-Back Credit Cards of April 2021 We help you choose the best cash-back card for your lifestyle. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. There are lots of great credit cards for maximizing your everyday, non-bonused personal spending. Seems like a no brainer to have if you rely on Prime with the 5% back on Amazon/Whole Foods purchases. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, … The Chase Freedom Unlimited is a wonderful starter card to begin accruing treasured Ultimate Rewards points. Supplementary Cards Share your spending privileges with your loved ones by giving them supplementary EastWest EveryDay Titanium Mastercard credit cards. Rates & Fees. Credit cards that are more difficult to get include the ones with higher annual income requirements that … Best Everyday Credit Card For Bad Credit: Discover it® Secured Credit Card The Discover it® Secured Credit Card is a secured credit card that offers rewards comparable to unsecured cards. Best for cash back: PNC Cash Rewards® Visa® Credit Card. While the 2% cash back on restaurants and gas stations is limited to $1,000 per quarter, Unlimited Cashback Match – only from Discover. For 2% card I suggest either Citi double cash, fidelity rewards Visa, or penfed powercash. The PayPal card is also good because there are no foreign transaction fees, and I believe no minimum redemption amount. New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. 100% Upvoted. Here’s why: This rewards card offers points for all your purchases and even more for purchases at supermarkets, gas stations and restaurants. My personal recommendation would be Citi double cash and chase freedom. Maximise Reward Points. I would prefer a card that does not have a yearly fee. Sadly, I am not eligible. Like 2% what and 5% what? Apply now. Please ask questions and contribute to the knowledge surrounding credit cards. It really depends on your lifestyle. 1. u/baller72 is totally right. I will add that if you are eligible for USAA, sub in their Limitless card for the DoubleCash for an extra .5%. Only 1.5% cash back, but has $200 sign up bonus after spending $1000 in 3 months. Get points, pay annual fees, use different cards for different categories, etc. 5% back at Whole Foods probably doesn't break even for more average grocery stores by cost. Please ask questions and contribute to the knowledge surrounding credit cards. Hey I currently have a PayPal 2% card which has been good for me . It is important to pay them in full and on time. Honestly since rewards are a pretty small amount of money it doesn't make or break anything to wait until the end of the month for me. Probably citi DoubleCash for domestic use. Mostly just for rotating categories at wholesale clubs, dining, and groceries. If you use a credit card to pay for the majority of your everyday purchases, odds are you’ll walk away with far more value with an annual fee card (even after paying the fee). 5 comments. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. save. Important. The best credit cards for online shopping put money back in your pocket. Or in addition to! Best everyday credit card? If you're going to look at any other cards, I'd say look at category cards, especially the Chase Freedom or Discover IT for 5% on rotating categories - if you can deal with following the categories each quarter. Press question mark to learn the rest of the keyboard shortcuts. Here are our top-pick cards with the next best below, all with a long 0% period. If you have a lot of money with BoA (100k+) you can get 2.625%. Definitely a positive feature. Best for everyday spending: NFCU More Rewards American Express® Card. Travel Rewards Credit Cards In Canada. Here’s why: The PNC Cash Rewards® Visa® Credit Card offers high cash back rates on everyday spending, has a $0 annual fee and even offers a small sign-up bonus. Use 5% card whenever your purchase is in the 5% category and 2% card for everything else. Best Balance Transfers. The only benefit to the double cash is that IIRC you can also transfer the cash to thank you points. Best Miles Credit Cards. I use those 2 because their bonuses are what I spend almost all of my money on. Pairing easy rewards with no annual fee, these cards can ensure you’re not wasting your time or money. If you don’t use credit all that much or your monthly spending is below $500, a no fee card could be a better fit. Has so many other perks though. I don't know much about the Paypal card but I'd imagine it's essentially the same thing in the end. I just got approved for the Citi Discover It Cashback card. Enjoy up to 10% cash rebates on your everyday spend with POSB Everyday Card! It is important to pay them in full and on time. The Best Credit Cards in Singapore 2020. The key is having money to pay for all your purchases and paying off your card in full every month.
Sours: https://www.apede.org/afw4f9/best-everyday-credit-card-reddit
Hilarious Reactions To Declining Cards While Shopping (r/AskReddit)

Get more when you dine at your favorite restaurants with Amex

Reward your love of restaurants with American ExpressReward your love of restaurants with American Express

The Platinum Card®

The Platinum Card®

Earn 125,000 Membership Rewards® points, plus earn 15x points at restaurants worldwide and when you Shop Small in the U.S. on up to $25,000 in combined purchases during your first 6 months of Card Membership. Terms Apply.

Terms Apply

Terms Apply

American Express® Gold Card

American Express® Gold Card and Rose Gold Card

Earn 75,000 Membership Rewards® points. Receive 20% back as a statement credit on purchases made at restaurants worldwide up to $250 back during your first 12 months of Card Membership. Terms Apply.

Terms Apply

Terms Apply

American Express® Green Card

American Express® Green Card

Earn 50,000 Membership Rewards® points. Receive 20% back as a statement credit on purchases made at restaurants worldwide up to $150 back during your first 12 months of Card Membership. Terms Apply.

Terms Apply

Terms Apply


Annual Fee: $695 †¤

¤ Rates and Fees

Earn 125,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. †

Plus, earn 15x points on eligible purchases on your new Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. That's an additional 14 points on top of the 1 point you earn for these purchases. †

Global Dining Access by ResyNEW

Global Dining Access by Resy gives you special access to sought-after restaurants across the globe when you add your Platinum Card to your Resy profile. Access to exclusive reservations, premium dining experiences, Priority Notify, and more, all from the Resy app. ‡

$200 Hotel CreditNEW

Treat yourself to a stay at one of our hand-picked luxury hotels. Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. ‡

5X Points on Flights & Prepaid Hotels

Earn 5x Membership Rewards® points on flights and prepaid hotels on amextravel.com booked by both you and your Additional Card Members. You earn 5X points on flights purchased directly from airlines or American Express Travel on up to $500,000 on these purchases per calendar year. ‡

$200 Uber Cash

Platinum Card® Members get $15 in Uber Cash for orders with Uber Eats or rides with Uber in the U.S. each month, plus a bonus $20 in December.1 That can be up to $200 in annual Uber savings. Plus, enjoy Uber's new safety features – like the Door-to-Door Safety Standard. Simply download the Uber app and add your Platinum Card to your Uber account to get started. ‡

1 Uber Cash is available to Basic Card Member only.

$200 Airline Fee Credit2

Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card or any of the Additional Cards on your Platinum Card account. ‡

2 American Express relies on accurate airline transaction data to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 4 weeks, simply call the number on the back of your Card. See terms & conditions for more details.

More Ways to Pay

You’re in control with more ways to pay. You can choose to:

  • Pay your bill in full
  • Use the Pay Over Time feature to carry a balance with interest
  • Use Plan It®‡ to select large purchases and split them into monthly payments with a fixed fee ¤

There is a limit on the total amount that you can carry as a balance or move into a Plan. Any purchases beyond your limit need to be paid in full when your bill is due. ‡¤

Annual Fee: $250 †¤

¤ Rates and Fees

For the Love of Restaurants. Receive 20% back as a statement credit on purchases made at restaurants worldwide with The American Express® Gold Card within the first 12 months of Card Membership, up to $250 back.

Plus, earn 75,000 Membership Rewards® points after you spend $4,000 on eligible purchases on your new Card in your first 6 months of Card Membership. †

4X Points Restaurants

Whether you dine in, carry out, or order delivery, support restaurants and earn 4X Membership Rewards® points. ‡

4X Points Supermarkets

Earn 4X Membership Rewards® points at US supermarkets on up to $25,000 per calendar year in purchases. ‡

$120 Uber Cash on Gold

Whether you’re dining or riding, Uber and Gold deliver savings. Enjoy up to $120 in Uber Cash per year for Uber Eats orders or Uber rides in the U.S. Just add your Card to your Uber account and you’ll automatically receive $10 in Uber Cash every month. ‡

$120 Dining Credit

Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at participating partners. This can be an annual savings of up to $120. These credits can be earned on a monthly basis, up to $10. Enrollment required. ‡

3X Points Airline

3x points for flights booked directly with airlines or on amextravel.com ‡

More Ways to Pay

You’re in control with more ways to pay. You can choose to:

  • Pay your bill in full
  • Use the Pay Over Time ‡ feature to carry a balance with interest
  • Use Plan It®‡ to select large purchases and split them into monthly payments with a fixed fee ¤

There is a limit on the total amount that you can carry as a balance or move into a Plan. Any purchases beyond your limit need to be paid in full when your bill is due. ‡

Annual Fee: $150 †¤

¤ Rates and Fees

For the Love of Restaurants.  Receive 20% back as a statement credit on purchases made at restaurants worldwide with The American Express® Green Card within the first 12 months of Membership, up to $150 back.  

Plus earn 50,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 6 months of Card Membership. †

3X Points Restaurants

Earn 3X Membership Rewards® points at restaurants including on takeout and delivery in the US. ‡

3X Points Transit

Earn 3X Membership Rewards® points on transit including trains, buses, ferries, subways, and more. ‡

3X Points Travel

Earn 3X Membership Rewards® points on travel including airfare, hotels, cruises, tours, car rentals, and more. ‡

$100 CLEAR® Credit

With CLEAR®, your eyes and fingertips can help you get through security faster at select airports and stadiums nationwide. Receive up to $100 per calendar year in statement credits, when you pay for your CLEAR membership with the American Express® Green Card. ‡

$100 LoungeBuddy Credit

Whether your goal is to relax, be productive, or just get away from it all, lounge access with LoungeBuddy can help you do it. Use the American Express® Green Card to purchase lounge access through LoungeBuddy and receive up to $100 in statement credits per calendar year. ‡

More Ways to Pay

You’re in control with more ways to pay. You can choose to:

  • Pay your bill in full
  • Use the Pay Over Time ‡ feature to carry a balance with interest
  • Use Plan It®‡ to select large purchases and split them into monthly payments with a fixed fee ¤

There is a limit on the total amount that you can carry as a balance or move into a Plan. Any purchases beyond your limit need to be paid in full when your bill is due. ‡

Sours: https://resy.com

Similar news:

Metal credit cards are a status symbol—here are 5 that you can qualify for with good credit

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

1. Chase Sapphire Preferred Card

Chase Sapphire Preferred® Card

  • Rewards

    $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 2X points on all other travel purchases, 5X points on Lyft rides through March 2022, and 1X points on all other purchases

  • Welcome bonus

    Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    15.99% to 22.99% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Terms apply.

The Chase Sapphire Preferred Card and the Chase Sapphire Reserve® are both made out of metal. In fact, when the Reserve made its debut in 2016, it was so popular that the card issuer temporarily ran out of metal to make more.

Though the Chase Sapphire Preferred is a bit lighter than its heavy metal counterpart, it's a more affordable metal card option and ranked as Select's best travel credit card with an annual fee under $100. Its $95 annual fee is on the lower end for a popular rewards travel card, and cardholders earn enough benefits to easily offset this cost.

If you would shamelessly enjoy the feeling of throwing down a metal card while traveling or dining out, this card may be for you.

With the Preferred, you can earn 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases. New cardholders also benefit from 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening — which gives you ample reasoning to bring it out with you.

If you redeem points for travel or for eligible purchases through the Chase Ultimate Rewards® portal, they're worth 25% more, making that welcome bonus worth up to $750.

2. Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    5X miles on hotel and rental cars booked through Capital One Travel℠, 2X miles per dollar on every other purchase

  • Welcome bonus

    Earn 60,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening

  • Annual fee

    $95

  • Intro APR

    N/A for purchases and balance transfers

  • Regular APR

    17.24% to 24.49% variable on purchases and balance transfers

  • Balance transfer fee

    3% for promotional APR offers; none for balances transferred at regular APR

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Terms apply.

If you are searching for luxury perks that match the luxurious feel of a sturdier and heavier metal card, this low-annual-fee travel card will get you there.

The Capital One Venture Rewards Credit Card ranks as one of our top credit cards for travel and rewards. It has a reasonable $95 annual fee.

Frequent travelers can earn 5X miles on hotel and rental cars booked through Capital One Travel℠ and unlimited 2X miles on every dollar spent, as well as up to a $100 credit forGlobal Entry or TSA PreCheck application fee every four years.

This metal credit card also offers a modest welcome bonus for new cardholders: Earn 60,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening.

3. Apple Card

Apple Card

Information about the Apple Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    3% cash back on goods or services purchased directly from Apple (including Apple retail stores, the Apple online store, the App Store, iTunes, Apple Music and other Apple-owned properties) on Uber and UberEats, at Walgreens and Duane Reade stores, on the Walgreens app and on Walgreens.com, in T-Mobile stores, at Nike, at Exxon and Mobil stations and at Panera Bread, 2% cash back on Apple Pay purchases and 1% cash back on all other purchases

  • Welcome bonus

    None

  • Annual fee

    $0

  • Intro APR

    None

  • Regular APR

    10.99% to 21.99% variable

  • Balance transfer fee

    None

  • Foreign transaction fee

    None

  • Credit needed

    N/A

Terms apply.

There was a lot of hype around the Apple Card when it launched last August, partly because of its completely titanium material. True to Apple's clean branding, the card has some unique design elements as well. It is laser etched with the cardholder's name and doesn't have a printed credit card number, expiration date or security code.

When it comes to rewards, the Apple Card has a competitive "Daily Cash" cash-back program. Cardholders earn 3% cash back on goods or services purchased directly from Apple, on Uber and Uber Eats, at Walgreens and Duane Reade stores, on the Walgreens app and on walgreens.com, in T-Mobile stores and at Nike. It is then 2% cash back on Apple Pay purchases and 1% cash back on all other purchases.

While there is no welcome bonus for this card, the Apple Card is one of the few credit cards on the market that has no fees whatsoever. There are no annual fees, no foreign transaction fees and no late payment fees.

4. Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Information about the Amazon Prime Rewards Visa Signature Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    5% cash back at Amazon.com and Whole Foods Market; 2% back at restaurants, gas stations and drugstores; 1% back on all other purchases

  • Welcome bonus

    $150 Amazon.com gift card upon approval

  • Annual fee

    $0 (but Prime membership is required)

  • Intro APR

    None

  • Regular APR

    14.24% to 22.24% variable

  • Balance transfer fee

    5%, $5 minimum

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Terms apply.

Amazon Prime members can really feel the pleasure of premium membership when using this metal card. The Amazon Prime Rewards Visa Signature® Card ranked as Select's best credit card for online grocery shopping for its high 5% back on purchases at Whole Foods Market or Amazon.com — and there's no limit to how many points you can earn. While there is no annual fee, a Prime membership is required ($119 for an annual membership and $12.99 for a monthly membership).

Cardholders also earn 2% back on purchases at restaurants, gas stations and drugstores, and 1% back on all other purchases. Upon approval for the card, you receive a $150 Amazon.com gift card, making it one of the few welcome bonuses that isn't connected with a certain spending requirement.

5. Capital One Savor Cash Rewards Credit Card

Capital One Savor Cash Rewards Credit Card

Information about the Capital One® Savor® Cash Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    4% cash back on dining and entertainment, 4% on eligible streaming services, 3% at grocery stores and 1% on all other purchases

  • Welcome bonus

    Earn a one-time $300 cash bonus once you spend $3,000 on purchases within the first three months from account opening

  • Annual fee

    $95

  • Intro APR

    0% for the first 12 months on purchases; N/A on balance transfers

  • Regular APR

    15.99% to 24.99% variable

  • Balance transfer fee

    3% for promotional APR offers; none for balances transferred at regular APR

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Terms apply.

For those who don't necessarily care about showing off their metal card status, the Capital One® Savor® Cash Rewards Credit Card is the No. 1 choice for Select's best credit card for food delivery.

Enjoy the perks of unlimited 4% cash back on dining purchases without ever leaving your home (one of the few cash-back cards that offers this). You can also earn 3% cash back at grocery stores and 1% on all other purchases.

Plus cardholders earn 4% cash back on eligible streaming services through September 30, 2020.

New cardholders earn a $300 cash bonus once spending $3,000 on purchases within the first three months. The annual fee is $95.

When you do want to get out, this card is a good choice for people who regularly attend concerts and plays since the unlimited 4% cash back applies to entertainment as well. You can get exclusive access to premier culinary experiences, sports and music events. Through January 2022, cardholders who buy tickets through Vivid Seats, a ticket resale site, can take advantage of 8% cash back.

Learn more: You can now request an invite for the American Express Centurion Card, here's how

Information about the American Express Centurion Card, U.S. Bank Altitude Reserve® Visa Infinite® Card, Citi Prestige® Card, Capital One Savor Cash Rewards Credit Card, Amazon Prime Rewards Visa Signature® Card, Capital One Venture Rewards Credit Card, and Apple Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Sours: https://www.cnbc.com/select/best-metal-credit-cards/


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