The Platinum Card from American Express has developed a reputation as one of the best premium traveler’s cards on the market. When the COVID-19 pandemic brought many travelers’ plans to an abrupt halt, AMEX used the opportunity to infuse the AMEX Platinum card with even more generous membership benefits.
Many benefits are still available as incentives to American Express cardholders today. From hotel and airline credits to cashback on streaming services and shopping, the American Express Platinum card is flush with benefits.
The great thing about Amex travel credit and bonus offers is that they are available in addition to any rewards you may earn through the membership points rewards system. Between the two, it’s actually possible to save a great deal of money as long as you spend responsibly.
The downside, of course, is that Amex’s Platinum card comes with a considerable annual fee. Whether or not it’s worth it for you will largely depend on your knowledge of how to make the most of your membership rewards.
This begs the question:
How Much Is the Amex Platinum Travel Credit Card?
The Amex Platinum card comes with a hefty annual fee of $695 and 19.74% to 26.74% variable APR on eligible charges. Oof. Admittedly, based on these numbers, it may not initially come across as one of the world’s best credit card offers.
Yet there are plenty of reasons that people still apply to become platinum cardholders every day. The card’s main draw is that it offers up to $1,500 worth of benefits every year.
Mastering Amex’s credit card points system can not only help you earn back your initial $695 investment, but also earn you an extra $805 in credit statements every year. But before you jump in and start racking up charges, it’s important to keep two things in mind.
The first is that even an extra $805 a year can disappear quickly if you don’t stay on top of your payments in order to avoid interest rates and late fees. Be sure to take this into consideration before signing up for an eligible card account and never spend more than you can afford to realistically pay off.
The second thing to keep in mind is that in order to recoup your annual fee and actually save money, you’ll need to thoroughly understand everything American Express Platinum offers.
That’s where we come in. Here we’ve created a handy breakdown of all the great perks that the Platinum card from American Express offers personal…
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