American Express Platinum Benefits (2023)

FAQs

American Express Platinum Benefits? ›

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Is the Amex Platinum worth it? The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.

The card also earns 5x points on flights purchased directly with the airline or with Amex Travel (up to $500,000 per year) and on prepaid hotels booked with Amex Travel. As you can tell, there's lots to love about the Amex Platinum card, which is generally the second-highest level of card available through Amex.

The Platinum Card from American Express regularly makes the cut as one of TPG's best travel credit card recommendations because of the outsized value it can provide, from the initial welcome offer to the ongoing luxury perks it offers. However, even when a card is valuable, it might not be your best choice.

The Platinum Card from American Express is a popular rewards card known for its suite of luxury perks, such as concierge service, travel protections and access to various lounge networks. However, these top-tier benefits come at a cost: a $695 annual fee, which can be steep for some travelers.

Getting approved for the American Express Platinum is like any new credit card application. You have better chances with a credit score above 700, a clean credit history, and a low debt-to-income ratio. If you think you might have to work on these factors, take the time to improve your credit to enjoy the benefits.

If you are booking travel through the Amex Travel portal, you will get 1 cent per point in value. But, if you transfer them to hotel or airline partners they can be worth much more! So, at a minimum, a 100,000 to 150,000 Amex Platinum card bonus would be worth at least $1,000 to $1,500 in travel.

Both Amex Gold and Platinum offer a range of benefits, with the Gold card catering more to everyday spending and the Platinum card designed more for travelers. The Platinum card has more benefits, but it's annual $695 fee is higher than the Gold card's $250 fee.

Does Amex Platinum have lounge access? ›

As part of The American Express Global Lounge Collection®, Platinum Card® members can enjoy unlimited, complimentary access to Plaza Premium lounges around the world. Plaza Premium is a network of airport lounges around the world that are open to The Platinum Card® members, regardless of airline or ticket class.

The Platinum Card from American Express

This accessible card is one of the best credit cards for millionaires. The Platinum Card is terrific for the wealthy who travel frequently, as it is the only card that has Global Lounge Collection, its proprietary lounge, with locations around the world.

Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion. And only the super rich and famous can expect to get the call, as...

Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have at least good credit and make a lot of money, you have a decent shot at getting approved.

For the most part, getting approved for the Amex Platinum card is not as difficult as you might think. As long as your credit score is in the high 600s or higher and you have a couple of years of clean credit history, you've got a strong chance of being approved.

Amex Platinum cardholders receive automatic Hilton Honors Gold status upon enrollment, which offers perks like 80% bonus points, room upgrades, a food and dining credit, and more.

In addition to the annual fee, the American Express Platinum Credit Card has a minimum income requirement of S$80,000 per year or $6,667 monthly. This means you must have a personal or household income of at least this amount to be eligible for the credit card.