The Platinum Card® from American Express aligns with the desires of the affluent clientele, offering luxury and attractive travel advantages. While a hefty $450 annual fee applies, the portfolio of benefits is substantial. Notably, there’s no APR, necessitating total monthly payment of the balance. The card awards a minimum of one point per dollar on each purchase made. Purchasing travel tickets doubles the rewards, and shopping at their select 300 online outlets could net you up to 10 points for each dollar you spend. These evergreen points can be redeemed for air tickets, tech gadgets, accessories, and much more.
Frequent travellers receive a free companion ticket when purchasing an international business class ticket, with certain limitations, via the Platinum Card. American Express also bears the charge for Global Entry— a swift US re-entry service provided to approved travellers. Moreover, the company collaborates with over 700 hotels globally to provide up to $450 in complimentary benefits for each stay.
Additional perks include:
– Zero liability – card members aren’t accountable for unauthorized charges
– Buyer’s remorse coverage – unsatisfied purchases are refundable, even when the store rejects returns
– Warranty manager service – extend the warranty on any purchased item by up to one year, provided the original warranty is less than three years
– Round-the-clock concierge service – get assistance for personalized shopping, event and trip planning
– Annual travel benefit – a yearly gift of a $100 credit on your card for a qualifying vacation worth $3,000 or more
– Travel insurance – up to $500,000 coverage for accidental death or dismemberment during travel
– Event ticket protection – up to $2,000 recovery per covered incident
– Absence of foreign transaction fees
– Built-in Airport Club Access – gain universal access to over 600 airport lounges with Priority Pass
The Platinum Card® from American Express obligates the cardholder to settle balances in full each month. Failure to comply begets a $35 penalty. Repeated default—being two months in succession—incurs a 2.99% interest on the balance or $35, whichever exceeds.
If you’re comfortable paying an annual fee of $450, committed to settling your bill monthly, and you travel extensively or would love an around-the-clock concierge service, the Platinum Card is worth considering. However, if your purchases or annual travel expenses are under $3,000, the Platinum Card might not be the best choice for you.
