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The American Express Platinum card is a premium travel rewards card, offering bonuses and perks tailored for the frequent or international traveler. Savvy users who can take advantage of benefits like free airport lounge access and an annual air travel credit should be able to easily justify the hefty annual fee.
AmEx Platinum was launched in 1984 as the world’s first platinum card with an exclusive invitation-only membership and a then-astounding fee of $250. Today, the card’s upscale reputation has a $550 fee to match.
Membership is no longer aspirational, but available to anyone with a good credit history and strong financial standing.
The rewards and annual credits the American Express Platinum card offers are on par with other popular airline credit cards. This card offers some other perks, as well, including:
If you don’t travel often enough to justify the high annual fee — and you’re still looking for a card that pays rewards — consider a cash back card with a lower annual fee.
You should pass on this card, as well, if you even occasionally carry a balance. The Platinum card is a charge card, which means you have to pay your bill in full every month.
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