Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace.

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! :)

American Express Platinum card review: Top-tier airport lounge access and hundreds in yearly credits

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

American Express Platinum card review: Top-tier airport lounge access and hundreds in yearly credits

Joseph HostetlerAmerican Express Platinum card review: Top-tier airport lounge access and hundreds in yearly creditsMillion Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

Right now, you can earn 60,000 valuable Amex Membership Rewards points when you open The Platinum Card® from American Express and meet the minimum spending requirements. That’s enough for a business class flight to Europe, two or more round-trip flights to the Caribbean or a free stay at luxury Hilton hotels, all of which can be worth a lot.

Apply for The Platinum Card® from American Express here.

We’re talking about one of the best travel credit cards on the market. That said, the card comes with a hefty $550 annual fee (see rates & fees) – but it also includes benefits that can more than outweigh the cost, even for a casual traveler. Opening the Amex Platinum may be worth it for many of you.

Swiping the shiny card is nearly as fun as earning gobs of points. (Photo by Wyatt Smith)

Current bonus

With The Platinum Card® from American Express, you can earn 60,000 Amex Membership Rewards points after spending $5,000 on purchases within the first three months of opening your account. If that sounds daunting, read our post on how to meet credit card minimum spend – it’s much easier than you think.

Benefits and perks

The Amex Platinum card’s benefits are second to none. With the Amex Platinum, you’ll earn:

  • 5x Amex Membership Rewards points on airfare (booked either directly with the airline or through Amex Travel)
  • 5x Amex Membership Rewards points on prepaid hotels booked on Amex Travel
  • 1x Amex Membership Rewards point on everything else

Let’s take a look at what other benefits you’ll get with the card.

Tons of credits

Let’s talk about the credits you get with the Amex Platinum card (terms apply):

The $200 airline fee credit, Uber credits and Saks Fifth Avenue credits are available every calendar year. You can also use the Global Entry or TSA PreCheck credit every four to four and a half years.

Amex Fine Hotels & Resorts

Amex Fine Hotels & Resorts offers competitive rates for paid luxury hotel stays. When you book this program, you’ll receive automatic perks like free breakfast for two and a spa or resort credit to use during your stay. You’ll even get a guaranteed 4:00 pm late check-out. Plus, they have limited-time offers at certain hotels for complimentary nights with a paid stay.

For example, Meghan used Amex Fine Hotels & Resorts to book a room at the Loews Regency San Francisco and received:

  • Noon check-in
  • A room upgrade
  • $100 food and beverage credit
  • Daily breakfast for 2 people
  • Guaranteed 4:00 pm late check-out
Meghan used the $100 food & beverage credit for a bottle of pink rosé and a piece of cheesecake. (Photo courtesy of Meghan Hunter/Million Mile Secrets)

Lounge access all over the world

You’ll get airport lounge access with:

  • American Express Centurion Lounges
  • Delta Sky Club Lounges
  • Priority Pass Select Lounges
  • Escape Lounges
  • Airspace Lounges
  • Plaza Premium Lounges
  • International American Express Lounges

With this extensive lounge access, you’ll have a lounge waiting for you just about everywhere. You can even visit an unlimited number of times. Just be sure to carefully check the guest policy if you travel with a partner or family. Read our post on how to find airport lounges you can access with the Amex Platinum.

If you’re near a Centurion Lounge, you can enjoy a full meal, drink and sometimes even a spa treatment – for free. Depending on how often you visit and if you have any guests, you can get real value from:

  • Wi-Fi
  • Food and drinks
  • Showers
  • More comfortable seating

Perks like these can make all the difference when you’ve come off a long flight and want to shower and grab a bite.

Elite status with two hotel chains

You can get free Gold elite status with Hilton and Marriott with the Amex Platinum Card. Depending on where you stay, anyone with elite status can get:

  • Free breakfast (Hilton hotels only)
  • Upgrades to bigger rooms where available
  • Late check-out
  • Better rooms (views, higher floors, etc.)
  • More points for paid stays

Elite status can go a long way towards little comforts along your journeys.

Travel insurance and Purchase Protection

If everything above wasn’t enough, consider all the travel protections your Amex Platinum comes with, like (terms apply):

  • Car rental loss and damage insurance
  • Extended warranty
  • Return protection
  • Baggage insurance plan
  • Trip delay reimbursement
  • Trip cancellation/interruption insurance

All of these built-in perks are there for you if you need them. It’s great to have this extra insurance, but hopefully you’ll never have to use them. If you buy big-ticket items, or gifts that need return protection, you’ll have that should you need it. It would be great if every trip was free from mishaps like cancellations, missed luggage or an issue with the rental car.

There’s no way to put a defined value on any of these services. So consider them “extras” and look into them if there’s one you think you might really benefit from.

Amex Offers

The Amex Platinum Card is eligible for Amex Offers, which are deals from Amex for all sorts of common purchases and services like online orders, eating out and travel. Jasmin saved on snacks for her kids and her phone bill, for example. And other team members take advantage of these special deals, too.

They’re a handy way to help offset the cost of the annual fee.

No foreign transaction fees

The card is excellent for swiping abroad, because it has no foreign transaction fees (see rates and fees). Many cards charge an extra 3% when you use them overseas. Always be sure you bring a rewards credit card like the Amex Platinum before you cross the border (I saved $71 on a recent trip from Asia from all the swiping I was doing over there).

Is the annual fee worth it?

Everyone will find different value from the Amex Platinum because it offers so many different perks and benefits to the cardholder. The more you can take advantage of its great ongoing benefits, the more you can offset the annual fee and come out way ahead.

For example, you’ll receive $500 in credits annually ($200 for airline incidentals + $200 for Uber + $100 for Saks Fifth Avenue). If you use those, you’re effectively lower the annual fee to $50 per year. You’ll get way more than $50 in value from the other perks of the card, like free food and alcohol at airport lounges, room upgrades and food credits through Amex Fine Hotels & Resorts, discounts with Amex Offers and complimentary hotel elite status.

Who is this card for?

The Amex Platinum is one of most premium American Express cards, so I wouldn’t recommend applying unless your credit score is at least in the mid-700s.

This card is good for frequent travelers looking for a charge card. Charge cards differ from credit cards in that you have to pay the bill in full at the end of every billing cycle. You can’t carry a balance month to month, but you also don’t have a firm credit limit. If you find yourself making big purchases and if you’re comfortable with paying the card each month, it’s an excellent card to have in your wallet.

This card is also great for anyone who values airport lounge access or likes staying with Marriott and Hilton.

Which cards compete with the Amex Platinum?

The only card that seriously competes with the Amex Platinum is the Chase Sapphire Reserve®. It’s got many of the same elements (think airport lounge access, travel credits, similar earning rates, etc.). It, too, comes with a $550 annual fee.

The Chase Sapphire Reserve offers 50,000 Chase Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening. Chase points transfer to travel partners, similar to Amex Membership Rewards. We estimate Chase points value to be around two cents each, though they can be worth tons more if you know the best ways to use Chase points. You shouldn’t have trouble getting at least $1,000 in value from this intro offer.

The Chase Sapphire Reserve comes with annual credits of its own – a $300 travel credit, which automatically triggers to refund you for the first $300 in travel you spend each calendar year and $60 in DoorDash credits each year (through 2021). The total value of these credits doesn’t amount to that of the Amex Platinum, but they’re much more useful in my opinion.

Read our full Chase Sapphire Reserve review for more information and our post dedicated to helping you decide if it’s worth paying the Chase Sapphire Reserve annual fee.

Bottom line

You can earn 60,000 Amex Membership Rewards points after spending $5,000 on purchases in the first three months of opening a new Amex Platinum card. That’s enough to travel nearly anywhere in the world with Amex transfer partners like Delta, Flying Blue, or Singapore Airlines. You’ll also get benefits like (terms apply):

  • 5x Amex Membership Rewards points on airline tickets purchased directly with airlines or with American Express Travel and on prepaid hotels booked on the Amex Travel Portal
  • Up to $200 in credit annually for airline incidental fees
  • Up to $200 in Uber credit per year
  • Airport lounge access to Priority Pass, Centurion, Delta SkyClub and AirSpace Lounges
  • Statement credit for either Global Entry ($100) or TSA PreCheck ($85)
  • Hotel elite status with Hilton and Marriott

Smaller perks like Amex Offers add to the value. But be confident you’ll use the benefits because the $550 annual fee is no joke.

Let us know your favorite perk of the Amex Platinum! And subscribe to our newsletter for more in-depth and easily-digestible credit card reviews.

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

The Platinum Card® from American Express

The Platinum Card® from American Express

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Terms Apply | Rates & Fees

More Info

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! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

148comments

by Newest
by Best by Newest by Oldest

Question: I’ve had AMEX Platinum card since 2005 but never received the Welcome bonus (currently 60,000 points). Will they give me the bonus if I call them, or do I have to re-open an account? Any thoughts?

is 60K miles the best they offer now? Or can you still get 100K sometimes? if so, when?

Hi DM! From what I can tell it looks like 60k right now is what the public offer is. In the past they have bumped it up, but we really don’t know when that might happen again.

If I were in your shoes, I might think about how much the card could benefit me. If you can take big advantage of the welcome bonus (say you have a big trip coming up and you can redeem the welcome bonus points for a free flight or hotel room), or if you see yourself taking advantage of the many perks the card has to offer, you might be better served going for the card now rather than waiting.

One big con to me is that Amex Platinum doesn’t have trip delay/cancellation insurance like Sapphire Reserve. Hard for me to book flights without that even though it earns 5 points/$1.

Also the annual fee is just exorbitantly high. $200 airline credits (a bit hard to redeem for giftcard but can bear that) + $200 Uber credits + $50 Saks credits (only worth about $50 to me seeing how overpriced items are there) still leaves one -$50, from $550 annual fee.

Adding to the less acceptance of Amex in general (esp international) I would pass on this card and get the Sapphire Reserve instead, which has more generous perks in general.

If you have Schwab account you can get an American Express yearly credit of upto $200 dollars depending on your portfolio value.

For an added AMEX bonus tell them Corbin Walls referred ya.

Load more