The Platinum Card® from American Express
- Earn 40,000 points after you spend $3,000 on purchases on your new Card in your first 3 months.
- Up to a $200 Airline Fee Credit Annually.
- To receive the statement credit, you need to select a qualifying airline.
- There are no foreign transaction fees with purchases made on your Platinum Card.
- Platinum Card Concierge is your personal resource to help secure a last minute restaurant reservation, or shop for a hard-to-find gift.
- Terms & restrictions apply
- ANNUAL FEE $450
- LATE FEE $38 or 2.99% of the past due amount, whichever is greater
The Platinum Card® from American Express’ Additional Info
- This American Express Card has no preset spending limit, giving you purchasing power that adjusts with your use of the card.
- No preset spending limit does not mean unlimited spending. Your purchases are approved based on a variety of factors including spending patterns, your payment history, your credit history, and financial resources known to us.
The Platinum Card® from American Express Reviews
It's a fantastic card by itself but it really shines for travel. Accepted everywhere, no foreign fees, and if you're in a pinch the concierge service can be really helpful.
The Platinum Card really distinguishes itself from the other big cards with it's convenience, great features, and ease of use. It's even better than the Discover Rewards Card which isn't as ubiquitous abroad and has foreign transaction fees.… more
With the card you earn 1 point per dollar spent. You also earn 40,000 points if you spend $3,000 on purchases in your first 3 months. As it is an Amex the balance must be paid off each month. There are no foreign transaction fees and they offer a concierge service. This would be useful for an international business traveler.
For comparison sake, I also looked at the Blue Cash Preferred from American Express. The annual fee on that card is only $75. The Blue card does allow you to carry a balance and the APR is between 12.99%-21.99%. With that card you earn between 1 and 6% cashback. If you spend $1000 in the first three months you get a $150 statement credit.
I'd suggest this card for international business travelers with expense accounts. For users on more of a budget the Blue Cash Preferred or other rewards cards are a much better deal.… more
There's a $200 annual airline credit, but the purchaser of the card needs to declare the one airline they can use it on? Why? Why is that even a thing? Why can't they use the credit wherever? That seems like one of those catches that keep you from ever ACTUALLY being able to use a benefit. That's just Murphy's Law. When you need a flight, that $200.00 credit will still not make the flight you CAN use it on cheaper than that flight over there. So, it becomes pointless and frustrating.
Ultimately, though, the $450 annual fee is STEEP. Right there, the platinum Card from American Express is a no-go. Why? You don't have a preset spending limit, but you can approve or deny purchases? So, there ARE limits on spending. If I don't have that one advantage, why would I ever pay an annual fee don't require them?… more
$200 Airline Fee Credit
Select a qualifying airline and then receive up to $200 a year in statement credits when incidental fees, such as baggage fees, flight-change fees, in-flight food and beverage purchases, and airport lounge day passes, are charged by the airline to your Business Platinum Card Account.*
But when needed... beware of this:
"Our records indicate you have already selected an airline and are not eligible to change your selection at this time.
You are eligible to change your airline selection once a year in January. No action is required if you would like to keep your current airline selection in the future."
Read well....they only allow this benefit for ONE selected airline and cant not modify till january next year...that means if you have selected in your profile AA and your trip error was with DELTA ..you wont get any fee credit.… more
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Last updated on: Jul 15th, 2015 at 10:23 EDT