Why You Should Have the American Express Platinum Card
The American Express Platinum Card has earned a place in my wallet as I think it is one of the best credit card products in the marketplace today. It does boast a high annual fee, but I don’t have an issue getting more than the annual fee amount back in value each year. In this post, I will outline the benefits the Platinum card offers and why it should be in your wallet as well. Learn more about this card and other travel rewards cards here
American Express Platinum Welcome Offer
The American Express Platinum Card is currently offering 60,000 Membership Rewards points after spending $5,000 in the first 3 months of card membership. I place a high value on Membership Rewards points as they are extremely flexible. I typically have no problem getting around 1.6 points per cent which would make the welcome offer alone worth somewhere between $900 and $1,000.
Thrifty Tip #1: If you have never had an American Express credit card, you may be able to pull up a welcome offer for 100,000 points via the CardMatch tool.
Annual Uber Credit
This was a benefit that was added as a direct response to the Chase Sapphire Reserve credit card. Each year of card membership, you will receive $200 to use for rides on Uber. You will be issued $15 each month, and $35 in the month of December. You must use the full credit each month or you will lose any remaining value. The credits do not carry over from month to month.
Thrifty Tip #2: Don’t take Uber enough to get value out of this benefit? The credit can also be used on UberEats to order takeout food.
$200 Airline Fee Credit
Receive $200 per calendar year for airline incidental fees at one airline. Every year you will select one airline that you can receive credit for incidental charges like checked bags and lounge access. This will even work to purchase gift cards at certain airlines.
Earn 5X Membership Rewards Points on Airfare
You will earn 5X Membership Rewards points on any airfare booked directly with the airline and at amextravel.com. This is an incredible deal and the reason this card has earned all of my airline spending.
The Best Lounge Access Offered From Any Credit Card:
The American Express Platinum Card offers the best lounge access of any credit card in the marketplace. Just for holding the credit card you get access to the following lounges:
Amex Centurion Lounges: These are American Expresses flagship lounges and can only be accessed by Platinum cardholders (lead photo). You are allowed to bring in up to two guests on each visit. There are currently Centurion lounges in Seattle (SEA), San Francisco (SFO), Las Vegas (LAS), Dallas (DFW), Houston (IAH), Miami (MIA), Philadelphia (PHL), New York (LGA) & Hong Kong (HKG). If you frequent any of these airports with any regularity, the Platinum card is a no brainer for this reason alone.
Priority Pass: The Platinum Card from American Express also offers Priority Pass Select membership. If you are not familiar with Priority Pass, it is a network of airport lounges all over the world that are typically not affiliated with any airline. Just for holding the Platinum card, you will get free membership and be able to bring in up to two guests with you on each visit. Priority Pass will even allow you to eat at airport restaurants at no cost.
Delta Sky Clubs: If you often fly Delta, the Platinum Card from American Express is a no brainer. Just for holding the card, you will receive complimentary access to any Delta Sky Club when you are flying Delta. You will not receive any guesting privileges with this lounge access.
The Escape Lounge: The Escape Lounge is quickly becoming one of my favorite airport lounges. It offers a great alternative to the Delta Sky Club at MSP (photo below). There are also domestic lounges at Oakland (OAK) and Reno-Tahoe (RNO).
Thrifty Tip #3: Download the LoungeBuddy mobile app. This is a great way to navigate the world of airport lounges. It will even give you directions to lounges you have access to.
$100 Application Fee Credit for Global Entry or TSA Pre✓:
If you apply for either Global Entry or TSA Pre✓ and pay with the Platinum Card From American Express, the application cost will be reimbursed ($100 for Global Entry and $85 for TSA Pre✓). You are eligible to receive this credit once every four years.
$100 Annual Credit to be used at Saks Fifth Avenue
Each year, you will receive two $50 credits to be used at Saks Fifth Avenue stores. One $50 credit will be available from January through June & one will be available July through December. The offer can be used both in-store and online, but per the terms & conditions of this offer, it will not work to purchase gift cards. Read more about this here.
Hilton & SPG/Marriott Hotel Status
The American Express Platinum Card offers complimentary SPG/Marriott and Hilton Honors Gold status just for being a card member. If you hold gold status with the Hilton Honors program, you will receive free breakfast during your stay. This is a pretty good deal just for holding a credit card.
Access to the Platinum Concierge
Receive around-the-clock assistance with travel planning and booking, shopping advice and other personal requests. Simply email the platinum concierge or give them a call at 1-800-525-3355.
The personal version of the American Express Platinum Card boasts an annual fee of $550 which is not waived in the first year. Because of all the benefits listed above, I have no problem getting more than $550 in value out of the card each year.
The American Express Platinum Card is one of my favorite travel rewards credit cards. While it does boast a large annual fee, I would argue there is no single credit card that will improve your airport and travel experience more than the Platinum card will. Learn more about this card and other travel rewards cards here