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The Amex Platinum Card – Full Review [2023]

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Jarrod West

Jarrod West

Senior Content Contributor

Countries Visited: 21U.S. States Visited: 24

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Edited by: Stella Shon

Stella Shon

Compliance Editor & Content Contributor

Countries Visited: 25U.S. States Visited: 22

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in ...
& Kellie Jez

Kellie Jez

Director of Operations & Compliance

Countries Visited: 10U.S. States Visited: 20

Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...

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The Platinum Card® from American Express

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
  • 80,000 points

  • $695

  • See Pay Over Time APR

  • Good to Excellent (670-850)

The Platinum Card® from American Express

This card is undoubtedly the #1 card for luxury travel benefits. From the best lounge access (of any card) to statement credits, to complimentary elite status, you can’t go wrong.

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
Learn More

(at Amex's secure site)

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Card Details
Pros & Cons
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80,000 points

Learn More

(at Amex's secure site)

Great Card If

  • You travel often enough to take advantage of all the travel perks
  • You’re able to use the annual credits (airline, Saks Fifth Avenue, prepaid hotels) and monthly credits (Uber, Equinox, digital entertainment)
  • You want complimentary airport lounge access (globally)
  • You want hotel elite status
  • You want a luxury card with luxury benefits
  • You’re an active-duty military member who wants access to exclusive card perks and benefits

Don’t Get If

  • You don’t travel often
  • You aren’t interested in the perks and annual credits
  • You prefer a card with more bonus categories

Amex Platinum Card — Is It Worth It for the Yearly Fee?

The Amex Platinum card is well worth it for frequent travelers who want luxury travel and lifestyle perks, and who can regularly take advantage of the card’s premium benefits.

When you combine best-in-class airport lounge access with 5x earnings on airfare and prepaid hotels booked with Amex Travel, Gold elite status with Marriott Bonvoy and Hilton Honors, and access to Amex’s Fine Hotel & Resorts program, you’ve got a package that makes for one of the best travel cards in the industry.

While it’s true that the annual fee might initially give you pause, when you consider the bevy of credits that come with the card, the math starts to come out in your favor.

Virtually every benefit offered with the card is tailored toward enhancing your travel experiences, and it shows, making it a perfect complement to any traveler looking to upgrade their travels.

Active-duty Military? You can access exclusive military perks and benefits as an Amex Platinum cardholder.

Amex Platinum Card Top Benefits

Annual Credits

One of the easiest ways to determine how worthwhile the Amex Platinum card will be to you is to consider how much value you’ll get out of the card’s annual credits, and whether or not that figure exceeds the annual fee you pay. These credits include:

Note that some credits require enrollment, so be sure to explore your American Express account to make the most of your card.

Lounge Access

By far one of the best benefits of the card is the level of airport lounge access that it offers via the American Express Global Lounge Collection.

Not only do you get access to Priority Pass lounges that many other premium credit cards offer, but you also get access to swanky Amex Centurion Lounges, International Centurion Lounges, Escape Lounges – The Centurion Studio Partner, Plaza Premium Lounges, Airspace Lounge, select Virgin Clubhouses, select Lufthansa lounges when flying with Lufthansa Group the same day, and Delta Sky Clubs when flying with Delta the same day.

This means that no matter what airport you find yourself in, you’ll almost always have a lounge that you can kick back and relax in thanks to your Amex Platinum card.

Hotel Elite Status

Cardholders get an automatic boost to Hilton Honors Gold status and Marriott Bonvoy Gold Elite status within each program upon enrollment.

Both status levels will earn you extra points on stays, space-available room upgrades, late checkout if available, and much more.

Rental Car Elite Status

If you regularly rent cars during your travels, you’ll love that the Amex Platinum card gets you automatic National Emerald Club Executive status, along with Avis Preferred and Hertz Gold Plus benefits.

Perks from each company include, but aren’t limited to, vehicle upgrades, discounts, expedited pickup lanes, and convenient dropoff locations.

Travel Protections

If anything goes wrong during your travels, your Amex Platinum card keeps you covered with the following travel insurance benefits:

  • Trip Delay Insurance — Get reimbursed for up to $500 per ticket in covered expenses if your flight is delayed by 6 hours or requires an overnight stay. This includes items like lodging, food, etc.
  • Trip Cancellation and Interruption Insurance — If you need to cancel a trip due to a covered cause, like severe weather, you’ll receive a reimbursement of up to $10,000 per trip, and $20,000 per year, towards non-refundable travel expenses if you need to cancel your trip or end it early.
  • Rental Car Insurance — Your card gives you secondary rental car insurance, which covers up to $75,000 towards accidental damage or theft of the vehicle.
  • Baggage Insurance — If your baggage is lost or damaged while in transit with the carrier, you’re covered for up to $2,000 towards checked baggage and $3,000 towards carry-on baggage.

Consumer Protections

The doesn’t just offer travel protections though. You’re also covered with the following consumer protections:

  • Cell Phone Insurance — Receive coverage for accidental damage caused to your cell phone, with up to $800 in coverage, up to 2 times per year, with a $50 deductible.
  • Purchase Protection — If an item you’ve purchased gets stolen, accidentally damaged, or lost within 90 days of purchase, you’re covered for up to $10,000 per item and $50,000 per year.
  • Return Protection — If you try to return an item within 90 days of purchase, and the merchant won’t accept it, you can be refunded by Amex for up to $300 per item, and up to $1,000 per year.
  • Extended Warranty Coverage — This protection adds 1 year of extended warranty coverage to standard warranties that are 5 years or less.

Best Ways To Earn and Redeem Your Amex Points

Naturally, aside from using your card for your daily purchases, you’ll want to learn how you can earn as many Amex points as possible. Fortunately, we have a comprehensive guide covering all the best ways to earn Amex Membership Rewards points.

From there, you’ll want to learn about all the best ways to redeem your Amex points. This will help you start traveling like a pro while getting huge value out of your hard-earned points.

Some of our favorite ways to redeem our Amex Membership Rewards points include utilizing select Amex travel transfer partners to book business and first class tickets for a mere fraction of the typical cash price!

Alternative Cards to the Amex Platinum Card

Chase Sapphire Reserve®

The Chase Sapphire Reserve card offers 3x points per $1 spent on all travel and dining purchases, with the travel definition being extended to include airfare, hotels, Airbnb, Uber/Lyft, and more.

Combine that with a $300 travel credit and a Priority Pass membership, and it makes for a compelling option.

While the Chase Sapphire Reserve card doesn’t feature nearly the level of elite benefits that the Amex Platinum card does, this could be a good option for you if you’re after a more well-rounded travel card.

Check out our head-to-head comparison of the Amex Platinum card vs. the Chase Sapphire Reserve card.

Capital One Venture X Rewards Credit Card

If you prefer a premium rewards card that offers airport lounge access at a lower annual fee, then the Capital One Venture X card could be a perfect option.

With its $395 annual fee (rates & fees), you’ll get complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network, a 10,000-mile anniversary bonus at your first anniversary, up to $300 annual travel credit, and much more.

The card earns 10x miles per $1 on hotels and rental cars booked through Capital One Travel, 5x miles per $1 on flights booked through Capital One Travel, and 2x miles per $1 on all other purchases.

Which card is right for you? See our detailed comparison of the Amex Platinum card vs. the Capital One Venture X card.

We’ve also compared the Amex Platinum card to a number of other popular cards:

For rates and fees of The Platinum Card® from American Express, click here.

Frequently Asked Questions

About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.


Noirin garrett

November 30, 2020

Very upset and disappointed that Amex is corrupting the insurance policy by hopping on the back of covid. The insurance policy says rental car excess insurance is covered by Amex. Now Amex informs they will not cover this excess during Covid. Why are we paying such high membership with this corrupt insurance coverage change?


June 18, 2021

I called up Amex recently (6/18/21) and they affirmed that they will be making their excess liability coverage available now.

Harmony Angela

September 11, 2022

ohh nice one.


July 26, 2023

Just received [July 25, 2023] a 125k point promotion via cardmatch for this personal Amex Plat after $6k spend in 3mo. Huge bonus over the published 80k! Excellent credit + decent income paved the way for this deal + no credit limit. Not sure what the cutoff might be for the same, but thank you for your advice!

Keri Stooksbury

July 26, 2023

That’s great to hear, Adam! Make sure to check out our guide 17 Things To Do When You Get the Amex Platinum Card to get set up for success! Enjoy your new card and thanks for reading!

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