Summary
 | |
|---|---|
| Intro Bonus | 80,000 pts |
| Est. Value | $800 |
| Requirements | Spend $6,000 in 6 mos |
| Main Benefits | 5x points on flights 5x points on Amex hotels 1% back all other purchases $1600+ yearly statement credits |
| Annual Fee | $695 |
| Intro APR | - |
| Recommended Credit | 670-850 (Good/Excellent) |
| Link | Apply |
Bonus Details
Spend $6,000 in 6 months on the Amex Platinum Card to receive 80,000 Amex membership rewards points.
Benefits
The Amex Platinum Card features the following ongoing benefits:
- 5x points on flights booked direct or through Amex Travel
- 5x points on hotels booked through Amex Travel
- 1x points on all other purchases
It also comes with a whole slew of yearly credits totaling $1600+:
- $300 credits for Equinox club memberships
- $240 streaming services credit
- $200 hotel credit for bookings through Amex Travel
- $200 Uber cash for rides or eats orders
- $200 airline incidental fee credit
- $189 CLEAR airport security credit
- $155 Walmart+ credit
- $100 Saks Fifth Avenue credits
- $85 TSA precheck/global entry credit
Reward Redemption
Estimated point value on the Amex Platinum Card is 1c/pt for gift cards, making this card worth at least $800 from points.
Redemption options & point value:
- Gift cards: 1c
- Amazon purchases: 0.7c
- Statement credits: 0.6c
- Higher value redemption options exists by transferring points to airline/hotel partners.
Bottom Line
The Amex Platinum Card offers attractive benefits and yearly credits. It’s a status symbol, but it packs a whopping $695 annual fee. Â
The huge number of credits this card offers can be used to offset the annual fee and make this a valuable card to some.
But for those who can’t take advantage of enough credits to offset the fee, it may make sense to simply accept the generous introductory bonus and then consider cancelling before the 1st year is up to avoid paying a second annual fee.
