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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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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 incidental fees, 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

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 (up to $500,000 per year) and prepaid hotels booked with Amex Travel, Gold elite status with Marriott Bonvoy and Hilton Honors upon enrollment, 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.

Personally, while I don’t use every perk of the Amex Platinum card, I find I can easily offset the annual fee every year thanks to the up to $200 airline incidental credit, up to $240 digital entertainment credit, up to $200 in Uber Cash, and up to $189 annual CLEAR credit. Then when you add in perks like airport lounge access, various elite statuses, and travel protections, it is easy to see why the Amex Platinum card has a permanent place in my wallet. Remember to enroll in all your card’s benefits to max out the value you receive back from your card.

If this sounds like the ideal card for you, we suggest checking to see if you may be eligible for the Amex Platinum 150k offer.

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 from 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

One of the card’s best benefits is the airport lounge access level that it offers via the American Express Global Lounge Collection.

Not only do you get access to Priority Pass lounges upon enrollment 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, making it one of the best credit cards with lounge access.

Senior Content Contributor Katie Seemann had this to say about the lounge access offered with the Amex Platinum card:

One of the main reasons I keep the Amex Platinum card in my wallet is for the lounge access. Of course, I love Centurion Lounges, but I value access to Escape Lounges more. That’s because the only lounge at my home airport is an Escape Lounge, so it’s one I use every single time I fly. Knowing I have a quiet place to wait for my fight with complimentary food and drinks is a perk that makes my travel day so much more enjoyable.

Katie Seemann, Senior Content Contributor

I agree with Katie; airport lounge access is easily one of my favorite perks of the Amex Platinum card. Similar to Katie, when I lived in Cincinnati I had just 3 airport lounge options available to me, The Club at CVG, an Escape Lounge, and a Delta SkyClub, all of which I could access thanks to my Amex Platinum card. Now that I live in New York I am spoiled for lounge options and can visit excellent lounges like the Amex Centurion lounge at JFK, LGA, and soon at EWR as well.

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 upon enrollment.

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 Amex Platinum 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.
Hot Tip:

Purchase Protection recently came in handy for me when one of my Airpod Pro earbuds stopped working. The replacement was going to set me back $89, but since I’d purchased the Airpods with my Amex Platinum card, I simply submitted a claim to Amex and the full $89 was refunded back to me as a statement credit.

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!

In fact, team members at Upgraded Points have used their Amex Membership Rewards points to book some incredible products like Lufthansa First Class, Virgin Atlantic Upper Class, ANA “The Suite” First Class, Cathay Pacific Business Class, and more.

If this sounds like the right credit card for you, take a look at this fantastic Amex Platinum offer, and be sure to read our guide to find out all you need to know about making an American Express credit card application.

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 annual fee, 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 (rates and fees).

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 several other popular cards:

If you currently own the Amex Gold card, but you’re interested in the Amex Platinum, we recommend you take a look at this Amex Platinum upgrade offer.

The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information for the Citi Prestige® Card has been collected independently by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Mastercard® Black Card™ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of The Platinum Card® from American Express, click here.
For rates and fees of The Business Platinum Card® from American Express, click here.
For rates and fees of the American Express® Gold Card, click here.
For rates and fees of Delta SkyMiles® Reserve American Express Card, click here.
For rates and fees of the Delta SkyMiles® Platinum American Express Card, click here.
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
For rates and fees of the Marriott Bonvoy Brilliant® American Express® card, click here.

Frequently Asked Questions

Most travel credit cards require applicants to have good credit in order to be approved. American Express does not publish a required benchmark score, but if you have a strong credit score it’s likely your application will be approved.

However, keep in mind that the annual fee will be due on your first billing statement — so if that isn’t something you can afford, you should consider another card.

While the annual fee is high, the number of benefits received from the card makes it “worth it” to many people.

The card comes with up to $200 in airline incidental credit, up to $200 on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel, up to a $240 digital entertainment credit, up to a $100 Saks Fifth Avenue credit, and up to a $300 Equinox credit (among others), all of which effectively cancel out much of the annual fee.

Then add in the 5x earnings on flights and prepaid hotels booked with Amex Travel, Gold status with Hilton and Marriott hotels, and access to over 1,400 airport lounges worldwide.

Given the number of luxury benefits you receive from having the card, it’s definitely worth it if you can afford the annual fee.

See the card summary table listed above for the annual fee. If you wish to add an Amex Platinum authorized user to the account, you can add up to 3 for an additional $175 per year. Each authorized user of the card will receive all of the same benefits as the main cardmember. You also have the option of adding up to 99 Amex Gold cards for no additional annual fee. Keep in mind that while these cards have the same earning rate as the Amex Platinum card, they receive none of the elite benefits (rates and fees).

The card gets you access to all of the American Express Centurion Lounges, Delta Sky Clubs (when flying Delta the same day), Priority Pass lounges upon enrollment, Plaza Premium Lounges, Airspace Lounge, select Lufthansa lounges when flying with Lufthansa Group the same day, select Virgin Clubhouses, and Escape Lounges – The Centurion Studio Partner.

This is by far the most extensive list of eligible lounges you can visit offered by any travel credit card on the market.

Note: Priority Pass memberships from U.S.-issued American Express cards no longer include restaurants (“non-lounge airport experiences”).

Yes, it’s a metal card.

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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