American Express Platinum® from American Express
Earn 5x points on airfare and prepaid hotels and get up to $1,400 in annual statement credits with a $695 annual fee.
The American Express Platinum Card® is a premium travel rewards card offering a generous welcome bonus and a suite of statement credits designed to offset the high annual fee. New cardholders can earn 80,000 Membership Rewards® points after spending $8,000 within the first six months. The card's statement credits cover various expenses, including streaming services, rideshare, gym memberships, and shopping, potentially saving cardholders hundreds of dollars annually. Frequent travelers will appreciate the 5x points multiplier on flights and prepaid hotels booked through American Express Travel, along with airport lounge access and valuable travel and purchase protections.
While the American Express Platinum Card® boasts substantial benefits, the $695 annual fee requires careful consideration. The card's value proposition hinges on maximizing the statement credits and travel perks. Individuals who don't travel frequently or utilize the card's benefits may find the annual fee outweighs the rewards. The card also charges a variable APR for purchases, making it unsuitable for carrying a balance. For those seeking premium travel benefits and a flexible rewards program, the American Express Platinum Card® presents a compelling option.
