Improved Offer for the American Express Platinum Card!

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About a month ago, I told you about upcoming changes to The Platinum Card® from American Express.

Some changes were good (like $200 in Uber credits per year), and some were definitely bad (like an increased annual fee).  These changes are now live!

And the card now comes with a 60,000 AMEX Membership Rewards point welcome bonus after meeting minimum spending.  That’s more than enough for 2 round-trip flights to anywhere in the mainland US!

The bonus is 20,000 more AMEX Membership Rewards points than the most recent offer.  But the minimum spending is higher.

American Express Platinum Application
Use the Welcome Bonus From the AMEX Platinum for a Free Flight to Paris!

I’ll help you decide if this offer is worth it for you.

AMEX Platinum Gets an Update

Link:   The Platinum Card from American Express

American Express has made some BIG changes to the AMEX Platinum card!  They’ve added benefits, increased the annual fee, and raised the publicly available welcome bonus.

The AMEX Platinum now comes with:

You’ll also get other smaller perks, like the ability to add additional Gold authorized user cards to your account for no fee (See Rates & Fees), and access to a Global Dining Collection in partnership with world-renowned chefs.

Here’s a quick explanation of the benefits!

1.   $200 Yearly Uber Credit

If you’re a regular Uber user, this perk will save you money.  You’ll receive up to $200 in Uber credits per year.  But you can’t use it all at once.

American Express Platinum Application
Folks Who Use Uber a Couple of Times per Month Can Do Well With This New Perk

You’ll receive $15 per month ($35 in December) when you add your American Express Platinum card as a method of payment in the Uber app.  And you’ll get Uber VIP status (higher-rated drivers, nicer cars) in a few cities.

2.   5X Points on Hotels Booked Through AMEX Travel

You’ll earn 5X American Express Membership Rewards points on hotels booked through AMEX Travel.

That’s a good opportunity to earn lots of bonus AMEX Membership Rewards points.  But only folks who don’t care about hotel elite status will get use from this benefit.

Because when you book a hotel through AMEX Travel, your stay won’t count towards elite status, and the hotel will likely NOT recognize any elite status you already have.

What Can You Do With 60,000 AMEX Membership Rewards Points?

There are lots of things you can do with 60,000 AMEX Membership Rewards points!  That’s because you can transfer them to valuable airline partners, like Air Canada, Delta, and Flying Blue (KLM and Air France).

For example, you could transfer 30,000 AMEX Membership Rewards points to Flying Blue for a round-trip coach flight from the US to Hawaii. That’s especially valuable if you’re flying from the East Coast, where the same flight could cost $1,000+!

American Express Platinum Application
60,000 AMEX Membership Rewards Points Is Enough for 2 Round-Trips to Hawaii

Million Mile Secrets reader Nina points out that you can transfer your points to ANA for a trip from Chicago to Ho Chi Minh, and then Bangkok to Chicago, for 60,000 AMEX Membership Rewards points!

Note:   ANA passes along fuel surcharges when you fly on certain partners.

Remember, American Express frequently targets folks for higher welcome bonuses.  So keep an eye on your mailbox, or type your information into the CardMatch tool to see if you’ve been targeted!

Check out my post on how to use AMEX Membership Rewards points for flights on United Airlines!

What’s the Verdict?

The benefits are great additions, and the welcome bonus is terrific.  But the card also increased its annual fee to $550 (up $100).  That is VERY expensive, and makes it hard for many folks to justify holding onto the card after the first year.

However, depending on your spending and travel habits, this card could be worth keeping.  For example, if you spend at least $15 per month with Uber, you’ll save $200 per year with the Uber credit perk.

And if you use the full $200 annual airline credit, you’ll save a total of $400 per year with these perks!  That effectively brings down the annual fee to $150 ($550 annual fee – $200 Uber credit – $200 airline credit).  So if the rest of the card’s perks are worth $150 per year to you, it’s a good deal!

Or, if you can get the annual fee waived (for example, folks serving in the military), this card is a no-brainer to hang on to.

American Express Platinum Application
If You’re Active Duty Military, You Might Be Able to Get Your Annual Fee Waived!

If you frequently use the AMEX Centurion Lounges, the increased annual fee might still be worth it for you.  Because it costs $50 per person to enter the Centurion Lounges WITHOUT the AMEX Platinum cards.  And Centurion Lounges are some of the best in the US, with things like free hot meals and premium alcohol.

Note:   AMEX has become less generous with the Centurion Lounge benefit on the AMEX Platinum cards.

Bottom Line

The changes to the AMEX Platinum are now in effect!  The card now comes with a higher welcome bonus of 60,000 AMEX Membership Rewards points after spending $5,000 on purchases in the first in 3 months.  And it has travel perks, like:

But they’ve raised the annual fee to $550!  So only folks in certain situations, like regular Uber users, will want to consider keeping this card for more than 1 year.

What do you think about these changes to the AMEX Platinum?

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

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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