Please read this in-depth review for the American Express Platinum Card before applying for the card. Regardless of the brand image they may have formed with the Platinum Card, many cardmembers simply aren't aware of all the benefits. As a result, they may be missing out on many of the perks since membership certainly has its privileges.
This information will help you get the maximum value from your card.
Right now, the card is offering 40,000 Membership Rewards points if you spend $3,000 on the card in the first three months of cardmembership. Go here to apply for that offer while it's still available. This Platinum Card review will guide you through what it offers, but contact American Express directly for full terms and conditions on a given benefit.
Air Travel Benefits:
Unlimited First-Class Airport Lounge Access
We all know how stressful air travel is these days. However the first-class airport lounges are the exception. Unwind with plush chairs and sofas. Use the complimentary phones, fax and internet. The meticulously clean, upscale restrooms can be a lifesaver when you've been traveling all day long (some even have showers). A favorite benefit for those in the know is the complimentary food and drinks; sandwiches, hors d'oeuvres, juices, beer, wine, etc.
The American Express Platinum Card offers you access at participating airport lounges with the following:
Though the annual fee for the American Express Platinum card is $450, a Delta Sky Club membership alone would normally be $695 per year.
- Priority Pass Select. Enroll for access to 600+ lounges worldwide. Your access is complimentary, and guests may enter with you for a fee of $27 per person.
- Delta Sky Club: You can bring your immediate family (spouse, domestic partner and children under 21 years of age) or up to two guests (over age 21) with you for no extra charge.
- Airspace Lounges in New York (JFK), Cleveland (CLE) and the Baltimore-Washington International (BWI). The American Express Platinum provides you and your immediate family (or two other people) complimentary access to some of these exclusive sanctuaries.
- Centurion Lounges, currently at Las Vegas (LAS) and the Dallas/Fort-Worth (DFW), which are the first of several American Express airport lounges that will open in major U.S. cities. Cardmembers may bring in immediate family (spouse or domestic partner and children under 18) or up to two guests for no extra cost.
Companion Tickets for International Flights
Receive a companion ticket when you buy a qualifying business or first-class ticket for an international flight. Book through American Express Travel Services to take advantage of this "International Airline Program" benefit. On the second ticket (the companion ticket) you will only have to pay out of pocket for any applicable taxes, fees and surcharges (as is customary with companion ticket offers).
There are numerous international carriers that currently participate in this program including Delta, Virgin Atlantic, Air France, Cathay Pacific, China Airlines, Japan Airlines, KLM Royal Dutch, Mexicana, AeroMexico, Lufthansa, South African, Etihad, Emirates, and others.
Even if you just use it once, the potential savings could be significant. If you regularly travel overseas, this perk is a must-have.
Expedited Entry Through U.S. Customs (If Approved For Global Entry)
Global Entry is a program run by the U.S. government that lets preapproved, low-risk travelers get speedy entry back into the country -- no processing lines and no paperwork!
Instead you are granted access to self-serve kiosks where you can scan your fingerprint and passport to confirm ID and make a customs declaration (if applicable).
The application for this program costs $100 but simply pay with your Platinum Card and the fee will be credited to your account. If approved, your Global Entry membership is good for five years.
$200 Reimbursement for Airline Fees
Another favorite AmEx Platinum travel benefit is that you will get up to $200 in airline fees reimbursed every year! Simply select your favorite qualifying airline and you will be eligible to receive statement credits to cover up to $200 for any incidental fees from that airline (checked luggage fees, in-flight food/drinks, on-board entertainment, etc).
For carry-on and checked luggage, you're covered for up to $3,000. Keep in mind this is on top of the airline's coverage, so your total coverage is even higher. To qualify for this no-cost benefit, just pay for your eligible ticket using your Platinum Card from American Express.
$100,000 Travel Accident Insurance
As the old saying goes, plan for the best but prepare for the worst. When you're traveling as an eligible common carrier conveyance passenger (on a plane, ship, bus, or train) you are insured for up to $100,000 in the event of dismemberment or accidental death (in which case your beneficiaries would be paid). Simply pay for eligible travel with your AmEx Platinum charge card to get that coverage. If you were to buy such protection on your own, it would cost you quite a bit of money, especially for international travel.
Only some American Express consumer and business cards like Platinum participate in the Membership Rewards First (MRF) program, which is AmEx's highest level of rewards. Redeem your MRF points for travel, merchandise, along with other redemption options at very favorable conversion rates (your points go far). You get 1 point per dollar on virtually every dollar spent and they never expire as long as you're a cardmember.
Transfer Points to Frequent flier Programs
Membership Rewards lets you transfer points directly to numerous mileage programs and loyalty programs. As of April 2014, these include:
- Air Canada
- Asia Miles
- British Airways
- Delta SkyMiles
- El Al Israel Airlines
- Flying Blue
- Singapore Airlines
- Virgin America
- Virgin Atlantic
This ability to transfer makes your points valuable, because the conversion to miles is on a 1 for 1 basis with many of these programs.
- Best Western
- Choice Privileges
- Hilton HHonors
- Starwood Preferred Guest
So instead of spending 25,000 points on a $250 retail gift card, you could convert the points to 25,000 frequent flier miles with a participating airline of your choice. As you know, frequent flier miles are often worth much more than a penny per point, since you can redeem flights at set increments (like 25,000 miles for domestic roundtrip with some carriers).
That means your actual realized value may be up to 2 to 3 cents or more per point, when compared to the cost of buying the same ticket on your own (i.e. using 25,000 miles for a roundtrip ticket that would normally cost you $600).
Warning: There are many credit cards on the market that advertise "miles" that can be used on "any airline, any flight, anytime." Those are NOT airline frequent flier miles. They basically operate like cash back cards, because each "mile" is worth just $0.01 that can be applied towards the purchase of a flight. AmEx allows you to convert points into real miles on more than a dozen frequent flier programs.
Hotel & Other Travel Perks:
Free Hotel Upgrades & Benefits
AmEx has partnered with more than 700 hotels and resorts to offer a wide array of perks and upgrades. This program is called Fine Hotels & Resorts and it is exclusive to Platinum and Centurion "black card" members. Depending on the availability at the participating hotel, you could get:
If you stay at participating properties, you could potentially recoup some of the annual fee, even if you only take advantage of it once or twice a year.
- Free room upgrade when you check-in, if available
- 4 p.m. late checkout
- Complimentary breakfast for two each morning
- Additional perks like $100 food/drink/spa credits, complimentary third night stays, etc. may be offered. The exact perk(s) vary by property.
No Foreign Transaction Fees
Virtually every credit card on the market tacks on a 3 percent surcharge for purchases made outside the US (and even purchases made inside the US get slapped with the fee if the company is based elsewhere). However, the American Express Platinum does not levy foreign transaction fees.
Personal Concierge Service
Odds are that you're probably too busy with work to be hassled with making dinner reservations, booking travel, or having to call around to locate that hard-to-find item.
Fortunately, you now have the benefit of a personal concierge service to handle virtually any request, anytime, anywhere. Simply call your personal concierge directly, tell them what you want, and they will do all the legwork. This is especially useful if you're trying to get last minute dinner reservations or sold out tickets.
Roadside Assistance Coverage
(up to a $200 value per year)
Why spend money on an AAA membership? As part of your Platinum Card membership, you're covered up to four service calls per year, with $50 of coverage each time, in the U.S., Canada, and Puerto Rico.
Premium Car Rental Program
Enjoy the privilege of skipping lines and paperwork, going straight to your car. Get vehicle upgrades and savings when available. These perks and others are made possible through your complimentary enrollment in Hertz #1 Club Gold, National Car Rental's Emerald Club, and Avis Preferred.
Normally to obtain these status levels, you would need to pay fees and/or be a frequent customer. However Platinum Cardmembers are granted access to these programs for no additional cost, regardless of how often (or not) they rent from these companies.
Car Rental Collision Coverage
Pay for your rental car using your American Express Platinum and you're covered in the event of an eligible collision.
This is especially helpful in other countries that have narrower streets and more traffic than what we're typically accustomed to. Please note there are a few countries which are not included (six excluded at the time of this review). Customer service can provide you the details.
How many times have you bought something new, only to have it accidentally damaged, lost, or even stolen a few days or weeks later? Whether it is a pricey article of clothing, electronics, or something else... if you bought it with your Platinum Card, your eligible purchases are protected.
For the first 90 days on eligible purchases, you're covered up to $10,000 per occurrence (up to $50,000 per calendar year) to repair, replace, or reimburse you for the affected item(s). Filing a claim is as simple as a phone call.
Automatic Extended Warranty
Due to the fact that merchandise is often manufactured overseas and quality can be variable, an extended warranty can be important. However if you're a smart shopper, skip the extended warranty offered at checkout and instead just pay for any eligible merchandise using your American Express Platinum Card. They automatically double the original manufacturer's U.S. warranty coverage, up to one full additional year. You're protected up to $10,000 per eligible item, with a max of up to $50,000 per year. So enjoy piece of mind next time you buy that eligible flat screen or computer. Like the other Platinum Card benefits, there is no additional charge for this service.
Store won't let you return an item? Whether you lost the receipt or the store simply doesn't accept returns, if you made that purchase with your Platinum charge card, American Express will accept your return and reimburse you, up to $300 per item, $1,000 annually.
What are the requirements and qualifications? It's been incorrectly claimed that you need a minimum annual income of $100,000 to be approved - that is not true! Below is an excerpt from an actual chat log regarding what the income requirements for the Platinum Card are and here is what they said.
So there you have it straight from the horse's mouth. As is the case with all credit card companies, they do not disclose credit score and history requirements. So if you are looking for that info you won't find it. But what we do know is that they market it towards those who have great credit.
A longtime Centurion cardmember recently switched back to the Platinum since many of the benefits are nearly identical. He felt the biggest difference was that the Centurion costs you $7,500 in fees for just the first year, while the Platinum Card has a $450 annual fee... its benefits can potentially outweigh that many times over!
Offer as of April 2014
Using the link below, the spend requirement to earn the bonus is $3,000 within your first three months. Terms and restrictions apply.
Use this link to apply for the 40,000 bonus point offer