The platinum card(r) is an American Express card that offers exclusive access to airport lounges. It also comes with a number of spending credits and memberships.
Platinum Card(r), the most exclusive card from American Express, offers an array of benefits.
Memberships to the American Express Global Lounge Collection
The platinum card(r) is a product of American Express and it’s best known for the world-class lounges at airports. This card will help you maximize your lounge access at any airport.
The American Express Global Lounge Collection gives you access to over 1,400 airport lounges worldwide, including Centurion Lounges, Priority Pass(tm), and Delta Sky Club (r) lounges.
Airport and airline credit
The Platinum Card (r) from American Express offers three credits to frequent flyers.
Every four years, you’ll receive a $200 airline fee credit. You can also get a $189 credit from Clear(r), and up to $100 in credit towards the Global Entry or TSA PreCheck (r) application fees.
The incidental fee credit cannot be used to upgrade seats or book tickets. You must select one airline that qualifies. Some people may find it difficult to spend the entire $200 credit on items like in-flight beverages and baggage fees.
Combining Clear(r), Global Entry, or TSA PreCheck (r) can help you to breeze through airport security.
Uber Cash
The Platinum card(r) is an American Express that offers a $200 Uber Cash bonus each year.
Unfortunately, you can’t use your Uber Cash all at once. The Uber Cash is divided into 15 monthly increments, plus an additional $20 in December. Any leftover balance will not carry over to the following month.
Digital Entertainment Credit
The platinum card(r) is also available from American Express and offers a digital entertainment credit of $240.
The monthly digital entertainment credit will be split into increments of $20. This amount does not carry over to the next month.
It’s important to check the official list of supported apps to make sure your favorite streaming services are included.
Hotel Credits and Perks
When you book a stay at a Fine Hotels + Resorts (r) or The Hotel Collection property through American Express Travel, you’ll get a $200 credit every year.
Fine Hotels + Resorts offers a variety of bonuses, including room upgrades, early check-in, and other benefits.
You can use the $100 experience credit to purchase amenities when you stay in properties that are owned by The Hotel Collection.
The card also gives you complimentary Marriott Bonvoy ™ Gold Elite Status and Hilton Honors Gold Elite Status.
More The Platinum Card (r) by American Express Benefits
Fitness Credits
If you have an Equinox+ membership, you’ll receive a $300 Equinox credit annually to pay for your digital Equinox+ club membership or physical Equinox+ club membership. You will also get a $300 SoulCycle Credit each time that you buy a home bike.
The credits can be a great benefit for fitness enthusiasts that already use Equinox or SoulCycle. However, the cost of membership at these brands is much higher than the value of the credit.
Shopping perks
Get a credit on your monthly statement for the full cost of Walmart+ (12.95). This program offers free shipping, deliveries and subscriptions to Paramount+.
Saks will also give you $50 statement credits every two years (for a potential total value of $100).
Cellphone Protection
If you pay for your monthly phone bill using your credit card, your claim will be covered up to $800 (with a $50 deductable) in the event that your phone is lost or damaged.
Does the American Express Platinum Card(r), worth the annual fee for the?
The American Express Platinum card(r) charges an annual fee of 695, which is high, even for premium rewards cards. It’s hard not to be impressed by the wide range of benefits it offers.
You can get value in many ways, from the best airport lounge memberships available to valuable shopping and entertainment credit.
The Platinum Card (r) from American Express is a card that offers a lot of value, but only through specific and branded credits. These are not for everyone.
It’s more important than most cards to plan how and when you will use the platinum Card(r) by American Express. You could earn enough to justify your annual fee and more.