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We will only recommend the products that we believe are the best fit for you, the consumer. If you know of a better deal, or disagree with our reasoning please contact us and if appropriate changes will be made. Not available (at the moment) to Business Platinum (confirmed this myself) or to any other co-branded platinum card product (from what another poster said). If you're an occasional traveler who flies coach and stays at the Holiday Inn, The Platinum Card® from American Express isn't going to magically get you into first class and the presidential suite at the Ritz-Carlton at no extra charge. Keep in mind you won't be eligible for the welcome offer if you already have, or have had, the Amex Platinum Card because of Amex's once-per-lifetime rule.
Julie Mehretu and Kehinde Wiley Will Redesign AmEx Platinum Cards, and Other News – SURFACE - Surface Magazine
Julie Mehretu and Kehinde Wiley Will Redesign AmEx Platinum Cards, and Other News – SURFACE.
Posted: Fri, 19 Nov 2021 08:00:00 GMT [source]
American Express Platinum Card Fees
The average total value of the program benefits is based on prior year bookings for stays of two nights; the actual value varies. Noon check in and room upgrade are subject to availability and are provided at check in; certain room categories are not eligible for upgrade. The type of experience credit varies by property; the experience credit will be applied to eligible charges up to the amount of the experience credit. Advance reservations are recommended for certain experience credits. The type and value of the daily breakfast (for two) varies by property; breakfast will be valued at a minimum of US$60 per room per day.
No Foreign Transaction Fees
Choose your preferred design – Platinum x Kehinde Wiley or Platinum x Julie Mehretu – and American Express will ship out your replacement Card. Your Card number will remain the same and you can continue using your current Platinum Card until you receive and activate your new Card. However, it’s crucial to ensure that you can meet the card’s minimum spending requirement before you submit an application. While the card allows you to carry a balance with the Pay Over Time feature, the interest rate can be steep, and any balance beyond the Pay Over Time limit must be paid in full each month. It’s also a good idea to keep an eye on whether publicly available limited-time offers like this one come with a stated expiration date. If so, you could elect to wait until closer to this date to see if a better offer will populate for you.
Up to $100 to Cover the Application Fee for Global Entry or TSA PreCheck
Even if you can use just a handful of these perks, it's easy to cover most (or all) of the Amex Platinum's annual fee. The recommended credit score for this card is above 690 and it ranks as one of the best travel cards, but that doesn't mean it's right for every traveler. Stay connected with the latest travel, aviation, and credit card news. Existing Card Members can request to change their current card design by logging into their American Express account or calling the number on the back of the Card.
The card currently earns a $200 statement credit after you spend $2,000 in the first six months of card membership. It’s also packed with practical ongoing benefits, including monthly Disney Bundle credits and Home Chef credits. It’s a great addition to your wallet if you have an Amex Platinum card and want to increase rewards on more common spending categories. Pairing the Amex Platinum with another card offers numerous advantages.
Amex Platinum Card Review 2024
NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card.
The Amex Platinum Card comes with a welcome offer of 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new card in your first six months of card membership. Based on our rewards program valuations, the current welcome bonus is worth about $1,440, which alone makes up for more than two years of the annual fee. But while sticker shock is real, there is more to a card than its annual fee. To date, the card's numerous credits, access to airport lounges, hotel elite status, and other perks have helped cardmembers squeeze value from it.
American Express Platinum Review: Luxury Isn't Cheap - NerdWallet
American Express Platinum Review: Luxury Isn't Cheap.
Posted: Fri, 19 Apr 2024 21:28:00 GMT [source]
While it's unlikely the card will ever fully shed its decades-long roots in travel, Amex now hopes to play a role at the top of your wallet whether you are at home or away. This premium fitness center has more than 300 locations — but they're primarily in major cities and membership isn't cheap. Let's take a closer look at each new credit — and whether they are worth it for you. Together, these new and existing perks are worth north of $1,800 at retail value. In addition to its existing premium Centurion Lounges, Amex will update and cobrand Escape Lounges in airports across the U.S. as Centurion Studios. American Express International Lounge locations will also be converted into Centurion Lounges.
That annual fee
The Amex EveryDay® Preferred Credit Card is a better option for Amex Platinum credit card holders seeking a card that earns elevated U.S. supermarket rewards at a relatively low annual fee. The card’s $95 annual fee is more reasonable than the Amex Gold’s $250 fee, albeit the EveryDay Preferred offers no statement credits. Cardholders earn 3X points on the first $6,000 spent at U.S. supermarkets per year (then 1X), 2X points at U.S. gas stations and 1X points on other purchases. This card has an unusual payment structure due to its history as a charge card. Unlike traditional credit cards, charge cards don't let you carry a balance and require instead that pay your bill in full every month.
Additionally, you acknowledge and agree that American Express will verify your Card account number and provide updated Card account information to Priority Pass. Priority Pass will use this information to fulfill on the Priority Pass Select program and may use this information for marketing related to the program. Once enrolled, Platinum Card® Card Members whose Card account is not cancelled may access participating Priority Pass Select lounges by presenting your Priority Pass Select card and airline boarding pass. In some lounges, Priority Pass Select member must be 21 years of age to enter without a parent or guardian. Priority Pass Select members must adhere to all house rules of participating lounges. Conference rooms, where available, may be reserved for a nominal fee.
If the cost of Wi Fi is included in a mandatory property fee, a daily credit of that amount will be applied at check out. Benefits are applied per room, per stay (with a three room limit per stay). Benefits cannot be redeemed for cash and are not combinable with other offers unless indicated. Any credits applicable are applied at check out in USD or the local currency equivalent.
Travelers can often get outsized value for their points by taking advantage of the transfer options, and NerdWallet values Membership Rewards as much as 2 cents each when redeemed this way. For rates and fees of The Platinum Card® from American Express, please click here. You can follow this checklist of things to do when you receive your Amex Platinum card so you don't miss out on perks. Cardholders can also get an extended warranty on eligible items when they use their Amex Platinum Card to pay — up to one additional year added to eligible U.S. manufacturer's warranties of five years or less. There aren't a ton of perks with this, and it's available only in some cities, but you'll only be connected to drivers with at least a 4.8-star rating. If you travel regularly or live close to a city, this is an easy perk to get value from.
However, this approach could be risky as popular offers have occasionally been pulled early. It’s always a good idea to explore whether you can get equal or more value for less spending if you are targeted for a better offer. In addition, keep in mind that, while this is the highest we’ve ever seen this card’s public offer, you may be targeted for even better offers. These targeted offers have recently ranged from 130,000 points to as high as 250,000, tend to come with lower spending requirements and have occasionally provided introductory APR offers as well. As long as you can justify the annual fee, the value of the Business Platinum is exceptionally better. If you spend exclusively in 1X categories to meet the new welcome offer’s requirements, you’ll earn a minimum of 170,000 points (a return of 8.5 percent on your spending).
Getting over 100,000 points for a welcome offer on the Business Platinum is an excellent value; however, since this is one of the highest historical spending requirements on this card, more work is required to earn it. Signing up for this offer could make even more sense if you travel frequently, as you can get exceptional value by paying with points for all or part of an eligible flight booked through American Express Travel. Enrollment may be required for select American Express benefits and offers. Claire is a senior editor at Newsweek focused on credit cards, loans and banking. Her top priority is providing unbiased, in-depth personal finance content to ensure readers are well-equipped with knowledge when making financial decisions. Cardholders can get up to $50 in statement credit towards Saks Fifth Avenue purchases twice a year (from January to June, then from July through December).
Specifically, the Disney Bundle Duo is $19.99 a month, so I basically just pay taxes for my subscription once my credits kick in. 2Through 2022, statement credits through this benefit will be provided on a monthly basis of up to $25 back per month. Starting in 2023, statement credits through this benefit will be provided on an annual basis of up to $300 per year. Fine Hotels and Resorts bookings include perks such as free breakfast, guaranteed late checkout, room upgrades and early check-in when available, and a welcome amenity or credit unique to each property.
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