The Platinum Card® from American Express
Luxury travelers who maximize statement credits
Annual Fee
$895
Bonus Value
$3,500
Rating
4.7/5
Category
Premium Travel
Sign-Up Bonus
Up to 175,000 Membership Rewards points after $8,000 spend in 6 months
Estimated value: $3,500
Rewards Rate
5X on flights via Amex Travel, 5X on prepaid hotels via Amex Travel, 1X everything else
Key Perks & Benefits
- +Up to $600/year hotel credit (FHR + Hotel Collection)
- +Up to $400/year Resy dining credit ($100/quarter)
- +Up to $300/year Lululemon credit ($75/quarter)
- +Up to $300/year digital entertainment credit ($25/month)
- +Centurion + Priority Pass lounge access
- +Hilton Gold + Marriott Gold status
Pros & Cons
Pros
- +Up to 175K bonus (YMMV)
- +Over $1,500 in annual credits
- +Unmatched lounge network
Cons
- -$895 annual fee
- -Credits require effort to maximize
The Bottom Line
The The Platinum Card® from American Express is best suited for luxury travelers who maximize statement credits. With a $895 annual fee, the card needs to deliver at least that much in value through its perks and rewards to be worthwhile. The current sign-up bonus is worth an estimated $3,500, making this a strong time to apply.
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Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, or other company, and have not been reviewed or approved by any of these entities. Credit card offers are subject to change. Please verify terms and conditions on the issuer's website before applying. Some links may be affiliate links — see our disclosure.