The Platinum Card® from American Express

The Platinum Card® from American Express Sponsored Card
Required Credit Score: Excellent
Charge Card: Balance must be paid in full each month
4.5 291 reviews   Write a Review!
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The Platinum Card® from American Express's Rewards

Bonus
40,000 points
Base Earn
1 point / $1
Max Earn
2 points / $1
Earn / Redeem Limit
No
  • 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

The Platinum Card® from American Express's Key Fees

  • ANNUAL FEE $450
  • FOREIGN TRANSACTION
    FEE  
    None
  • LATE FEE $37 or 2.99% of the past due amount, whichever is greater

The Platinum Card® from American Express's 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.
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The Platinum Card® from American Express Reviews

 
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4.3
Overall Rating: 4.3 / 5
Total Ratings: 291
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Sep 1, 2014
Photo of Chelsie B.
1
By:
I just want to say the ONLY reason this is getting 1 star is because it makes me! We have been a card member since 2006 we ALWAYS make our payment before or on the due date and we always pay way more than the min balance Example: Our min payment is around 50 we always pay 200.. Well we were out shopping the other night and had to buy a few large items when we got home and I got online to see our available balance it was $0!!! It is supposed to be $3,000! So I thought it was just a glitch in the system so I called more
Aug 25, 2014
Photo of Tien L.
4
By:
The Platinum Card® from American Express has many benefits that are not presented on here. You can visit www.americanexpress.com to view all the wonderful benefits. I have been with American Express since 2001 and never use any other card. The Platinum card has a hefty $450 annual fee, which is something that I don't see myself paying for. You can't really beat the 40,000 points offered for spending $3,000 in the first 3 months. I personally wouldn't recommend this card. I would recommend the Blue Cash card (I have been using this card since 2001). This card basically have all the benefits of the Platinum card minus the annual fee more
Aug 25, 2014
Photo of AL D.
1
By:
what's the beauty of a Card that has to be paid in full every month and cost you $450 a year, well NONE, you might as well use your Debit Card instead....
Aug 3, 2014
Photo of Alex H.
5
By:
I have been using this card for a while, and I've been nothing but satisfied. Amex customer service is phenomenal. They really care about loyalty. Whether you've lost your card or a company you purchased from is overcharging you, they will support you and fight for you. Because one of my family members uses this for business, we have a lot of points. I actually have been able to get several flights and gadgets just from points. Also, it gets you free access to Delta lounges at airports. The only disadvantage is that it isn't accepted at as many places overseas as some other cards.
Jul 30, 2014
Photo of Kyle H.
1
By:
This is a dishonest service. They will try and utilize any strategy possible for you NOT to hit your required spending limit in time. The sent me my card AFTER the limit was allowed, yes it took them 3 months to get the card to me, charged the fee and would not give the bonus points to me. Very dishonest practices.
Jul 16, 2014
Photo of Kate M.
4
By:
I think having the bonus points during the first couple of months of spending is a plus, but the annual fee of $450 is high!
Jul 9, 2014
Photo of Victor D.
3
By:
The Platinum Card seems does not seem like a card that has many benefits the first problem is that the annual fee is four hundred fifty dollars which is a huge amount, although if you can get approved for a platinum card that might not be much money for you. The rewards program has much to be desired with no cash back rewards and a large spending amount before any type of bonus given to the spender.
Jul 8, 2014
Photo of Marisue A.
1
By:
Since they have reduced all the benefits you are paying alot...for nothing!!!! Forget traveling over seas, AM EX declined the card every where I went. Thank goodness for Visa!
Jun 23, 2014
Photo of Thomas H.
3
By:
This seems like a good card; but it is odd in the way that you have to spend so many dollars to get enough points for a free airline ticket that it defeats the purpose. The annual fee is enough itself for one free round-trip ticket per year! So unless you plan on making every purchase that you buy on this card alone it's not worth the benefit! If you only fly 1-2 times a year it's much more worth your while to get a card with better points and simply purchase the airline tickets yourself!
Jun 2, 2014
Photo of Kali B.
4
By:
This card would be a good option for anyone who frequently makes high dollar purchases that they have the means to pay off right away. This is particularly beneficial for frequent travelers as this card has no foreign transaction fees and allows you to earn cash back on incidentals. The only thing that concerns me is it does not indicate how many points you need to earn rewards, such as how many you need to get an airline ticket. Therefore, it is hard to weigh the benefits over the $450 annual fee.
May 15, 2014
Photo of Lisa A.
4
By:
If you are a frequent flyer and/or a heavy traveler (for work or fun), the Platinum Card from American Express is the card for you. The benefits and credits you can receive for flying are tremendous. Use this card for airline incidental fees, i.e. check bags, snacks, flight changes, and you can receive a credit on your statement. There is no charging limit, although it is monitored by your spending habits, credit score, etc. This card must be paid in full every month and the late fees are pretty steep if you are late. The annual fee is high, but you do get great credits if you fly a lot. more
Apr 8, 2014
Photo of Corey B.
4
By:
I am a frequent traveler to other countries and this card will be perfect for my travels! I like that there are no preset spending limits (perfect for those gifts I didn't know I needed) and no foreign transaction fees. There is even a fund for flight change fees and snacks! I'm packing my bags right now! Wait...annual fee $450.00? That's pretty high, though considering last year in Africa I paid $600 in misc. credit card fees that this card does not have, it all balances out. I love the 40,000 points after I spend $3000 (it won't be a problem). Except for some of the high fees, it looks more
Apr 4, 2014
Photo of Pi R.
5
By:
Having used Amex long ago, this incarnation seems to be the best they have offered in a long time. The many rewards will offset the hefty annual membership fee, such as the airline statement credits, the introductory 40K points, and the zero foreign transaction fees, which my Citi card charges around 3%. If you spend a lot and have great credit, it's definitely worthwhile.
Mar 27, 2014
Photo of Nick C.
5
By:
I am really in love with The Platinum Card from American Express. The fee is not really that high when you add in the low fees. Not every card can be used internationally, but this one can. When I travelled to Europe this was one of the only cards that I could use for spending. The low late fee ceiling is nice. Even if I do run a little late, the maximum fee is definitely nowhere near the competitors.
Mar 20, 2014
Photo of Vin S.
3
By:
This Platinum Card by American Express is very intriguing. American Express is one of the best charge cards in the world. I have experience using the cards but never the Platinum Card. I currently have a Capital One credit card and I do not remember the initial bonuses being great like the bonus offered for this American Express card. Also, the “No foreign transaction fees” is definitely a benefit for the continual use of this card. The annual fee of $450 is definitely a downside over my Capital One card but the prestige of this exclusive American Express Platinum Card and the benefits may be worth every penny. Unfortunately, I more
Mar 19, 2014
Photo of Vince W.
5
By:
This card has been amazing, I have had it for about 3 years. It really depends on whether you use the services or not. I had a case where I accidentally damaged my laptop and it was within the accidental damage window. I called Amex and they subsequently refunded my money immediately! That in itself paid for about two years worth of card fees.
Mar 10, 2014
Photo of Tricia W.
1
By:
I am not impressed with the information I have read on the Platinum Card from American Express. The fact that the balance has to be paid in full every month does not give very much flexibility. For example, if I was having a rough month financially and could only afford to pay $50 toward the balance, I would not have that luxury, as I would with other cards. I also was bothered by the $450 annual fee! If you are paying off your balance in full every month, I do not think it is feasible to charge such an outrageous annual fee! On the other hand, if you enjoy earning more
Feb 21, 2014
Photo of Tory H.
2
By:
I do not like the fact that the card has to be paid in full each month. I feel as though this means the time I am actually able to use my "credit" with this card will be an average of 2 weeks and that is not long enough to me. With other types of cards, there is much more flexibility in determing my pay-back schedule.
Feb 7, 2014
Photo of Joshua R.
3
By:
The benefits of the Platinum Card from American Express are pretty amazing -- 25,000 member points for signing up and using the card for $2,000 in purchases in three months, the free year of Amazon prime and the additional premium access. After using Capital One's Quicksilver card, I've become a huge fan of reward points that can be redeemed. They can even offset a minimal annual fee. But this $450 fee seems extremely excessive. Even other American Express cards don't have near that steep of a fee, which is what I think is the ultimate detriment to this card. If you can justify that fee each year, then it's certainly more
Jan 27, 2014
Photo of Sneha G.
5
By:
This card is amazing. It has so many benefits.
Pros: 25000 Membership benefits.
I get to use Amazon Prime.
No Foreign Transaction Fees.
Cons: No predetermined credit limit.
$450 Annual Fees
Dec 27, 2013
Photo of Tatiana J.
5
By:
There are a lot of good things about this card like if I spend $2,000 in the first 3 months I will get about 25,000 points, and plus I can use this card with Amazon.com because I do enjoy shopping on there, what I don't like about it is the annual fee I think it's a bit too much in my opinion. Comparing it to the Blue Cash Preferred from American Express the annual fee with $75 is really good for me! and I can earn 6% cash back and 3% when I go to the gas station.
Dec 11, 2013
Photo of Chelsea M.
5
By:
The Platinum Card from American Express is a card for those that have excellent credit. The outrageous annual fee of $450 when looked at after examining the benefits this card offers isnt all that outrageous anymore. You get unlimited free 2 day shipping from amazon. That in itself if you shop a lot on amazon would pay for itself. You also get 25,000 reward points if you spend $2,000 within the first 3 months. One negative about this card is that the balance must be paid in full each month. This is a VIP card truly with the perks it offers, and in my opinion blows a lot of other more
Dec 8, 2013
Photo of Jason B.
2
By:
Ok, let’s talk about the elephant in the room, and I’m talking about the $450 dollar annual fee. Is it worth it? Do you purchase a lot of stuff from amazon, because if you do, the unlimited free two-day shipping could save you lots of money if you do, easily overcoming that annual fee. But then again, that’s only for the first year. After that, you have to pay to keep Amazon Prime. How about the 25,000 reward point you get when you spend $2,000 in the first three months. That’s a nice bonus, but it’s also a one-time deal. After you get that bonus, there are no more like more
Dec 5, 2013
Photo of Nick D.
4
By:
I've been using The Platinum Card from American Express for over a year and couldn't be any happier. The annual fee is a very pricey $450 but they start you off with some benefits. A free year of Amazon Prime and Premium Access are great. Amazon Prime alone can save hundreds of dollars if you're a big online shopper. With all that shopping you'll also bump up your reward points. If you can look past the annual fee, The Platinum Card from American Express is great to have.
Nov 25, 2013
Photo of Connie C.
4
By:
The Platinum Card from American Express has a huge annual fee of $450, but it also comes with a lot of benefits. There is no interest rate because the balance has to be paid in full every month. You get Amazon Prime for free which normally costs $79. The reward points offer a lot of benefits if you’re a big spender as well and it comes with bonus points with some qualification steps needed. There aren’t many other cards like this card to compare it to, but it would be perfect if you never carry a balance and want a lot of rewards. Otherwise you should just get a traditional more
Nov 21, 2013
Photo of Eric M.
5
By:
The Platinum card from American Express is the epitome of a practical and elegant credit card. The only reason I could see why an individual may not like it is because of the 495 dollar annual fee. The fee is easily compensated with the perks regarding this card. For example, you get 25,000 rewards points for spending 2,000$ in the first 3 months. The amazon prime is also a plus, and I have also used many of the perks regarding Ticketmaster presale concerts as well. The platinum card is also practical when travelling, because of the non-existent fee. Their customer service is world class, and I have never had an more
Nov 8, 2013
Photo of Quinn C.
2
By:
This platinum card would be perfect, apart from the huge annual payment fee. I guess when you are earning enough money $450 doesn't matter. I do like the automatic $25k rewards after you spend 2 grand in this first month. However, I have seen cards that offer you large rewards for spending in the first few months which do not have a yearly fee. I also don't understand why the balance must be paid in full each month. What's the point of having a credit card if you can't carry a balance? Although the rewards seem great, I think there is more bad to this card than good.
Nov 5, 2013
Photo of Krystal M.
1
By:
I understand the Platinum Card from American Express has a lot of perks but a annual fee of $450 really blows my mind. I would hope if it costs you $450 annually it would provide plenty of overwhelming perks to cancel out the annual fee. I believe that is quite high compared to other credit cards. Also, your balance has to be paid in full each month, a big negative. I don't really see the point of this card unless you travel very frequently and can take full advantage of the reward points. The only plus I really liked about this card is the entertainment benefits. I would enjoy being more
Oct 29, 2013
Photo of Linda G.
4
By:
I like that The Platinum Card from American Express has so many perks associated with it. One of my favorites, is the premium travel benefits. Traveling is stressful enough, but being a member of the Priority Pass Select means receiving preference treatments at airports. While everybody else have to wait at the gates, member of the Priority Pass select can wait at a VIP lounge, which is really cool, especially if you have a long connecting flight.

What I don’t like about the credit card is that you have to pay the full balance every month, which can be good or bad, depending on the situation.
Oct 24, 2013
Photo of Amanda S.
3
By:
There are a handful of advantages to the American Express Platinum Credit Card, especially for travelers who can take advantage of their annual $200 incentive for flight fees. The "VIP" treatment this card gives you when purchasing event tickets is also really neat, especially if you're a concert dweller that loves getting front and center. This card is definitely made for a thrill seeker and the 25k reward points in the beginning is just about enough to make even the fuddiest of duddies want to seek some thrills. The fees aren't much higher than the competitors and the interest rate is also comparable,however; the annual fee is incredibly high, but more
Oct 21, 2013
Photo of Andrea T.
4
By:
The American Express Platinum Card is a must-have for frequent travelers. The reward points and perks cardholders receive are pretty awesome. The lounges available to cardholders and the $200 statement credit for use toward baggage fees and other travel expenses are really useful for business travelers. I have another rewards card (Chase Disney Visa) and it doesn’t even compare to the perks associated with the Amex Platinum Card. The annual fee is quite high, but is pretty much offset by the rewards you receive when you use the card. The fact that there is no foreign transaction fee is also very convenient for travelers, making this the ideal card for more
Oct 12, 2013
Photo of Dan D.
5
By:
The Platinum Card from American Express is one of the most elite credit cards on the market today. It gets a lot of bad rep because of the annual fee, but that's from people who can't understand all the benefits. Just for spending 2,000 over your first 3 months you get 25,000 reward points which is more than enough to compensate for the fee. This card is NOT for everyone, but if you do have excellent credit and want the prestige AND the benefits of a rewarding card this is for you. A similar card is the Visa Black card, but the annual fee there is $495 and they don't more
Oct 3, 2013
Photo of Sidhu R.
2
By:
Personally, I don't see a reason why one has to apply for the platinum card from American Express. The annual fee is simply exorbitant. Yes, maybe its a prestige to own one, but those $450 would look great inside my wallet than against my name! Its good for ones who spend a lot, look out for premium services and purchase regularly, but for an average conservative buyer like me, there is no real necessity to go for the platinum card. There is absolutely no cash back, which even a basic card would provide. Maybe its simply because of the annual fee that am not able to highlight anything positive about more
Oct 3, 2013
Photo of Shelly S.
1
By:
This card is the epitome of an excessive credit card. The exorbitant annual fee coupled with the lack of a limit just seems unnecessary to anybody who isn't exceedingly rich. This card provides no benefits; outside of the lack of a limit, when compared to an average Capital One Rewards card. Everything this card does, my current credit card does, without the excessive fee or ridiculously high credit rating required. Furthermore, American Express is often not accepted at local retailers; making this card even less valuable. Unless you're a famous socialite, or a rich CEO; this card is not for you.
Sep 27, 2013
Photo of Chris M.
1
By:
For most people, theres no real reason to get a Platinum Card from American Express. Unlike, say the Chase Freedom card many people use, few people will even be able to qualify to get one of these cards, and being rejected will just lower your credit score. There's no "preset spending limit" but that's mostly a lie, as they will reject purchases they feel you don't have the ability to pay back, based on the info you gave. So there's no limit but you can't make large purchases, so really there is a limit. Then you have to pay it off in full that month, so even if you wanted more
Sep 12, 2013
Photo of Sheryl P.
3
By:
Most of us will never be able to apply for the American Express Platinum Card, as it is with people with superior credit and a lot of money to spend. On paper it might seem crazy, with a $450 annual fee and needing to pay your balance in full every month, but the true benefit with this card is no credit limit. I would assume that if you need to have a credit card with no credit limit, then you can afford the $450 annual fee which they are asking for. This card ranks up there with the Visa Black card as a credit card only rich folks can afford more
Aug 22, 2013
Photo of Chris M.
5
By:
The Platinum Card from American Express is one of those cards you apply for just to see if you have the credit rating necessary to get approved. I mean, overall, it's a great card but I'm not sure if it's worth it completely. The rewards are outstanding and it definitely has many advantages of using it. But it does have some pretty significant downsides, such as the ridiculously expensive annual fee. The concierge service is great but only useful to a certain type of person who travels quite a bit. Depending on your lifestyle this card may be worth it to you, but to most? Probably not.
May 6, 2013
Photo of Magen S.
5
By:
I have had The Platinum Card from American Express card for a while now and I love it. The annual fee pricy but it is well worth it for the benefits you get in return. There are too many benefits to list but some of my favorites is the 24/7-premium global assist hotline. If you run into a problem and need assistance with anything the hotline is most likely able to point you in the right direction and help you out. Another highlight is the Airport Club access you gain with the card, it is really nice to pop into these lounges and relax for a bit while traveling.
Apr 26, 2013
Photo of Elizabeth S.
5
By:
This is my go-to card in my wallet. I travel full-time for work, and I use this card for the majority of my airfare, hotel, rental car, and miscellaneous travel expenses. Although the annual fee is high, the perks are fantastic and well worth it. I use the access to airline clubs (American, Delta, and US) every week. I've also taken advantage of their reimbursement for the fees associated with the Global Entry program. Plus the card comes with access to cruise benefits, access to the American Express Fine Hotels and Resorts program, benefits with Hertz rental cars, and gold status with the Starwood Preferred Guest Program. The card earns more
Apr 19, 2013
Photo of Ryan U.
2
By:
I wasn't impressed with this card, to be perfectly honest. I applied for it almost to prove to myself that I could get a good credit card which requires excellent credit, as a reward for painstakingly building it back up. What I got was a card with so many heavy fees and payment requirements that it felt like I had gotten one of those cards for people with poor or no credit. On top of that, there's the expected hassle of finding yourself someplace that just does not take American Express. It was a poor decision on my part and one I would not make again.
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Last updated on: Sep 1st, 2014 at 11:36 EDT