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The Platinum Card® from American Express is one of the most well-known premium travel cards on the market, and for good reason. It comes with a high annual fee of $695 (see rates and fees), but it also has a long list of perks to make up for it. (American Express is a Motley Fool Money advertiser.)
Before you apply, here's what you need to know about the credit score you'll need, how the welcome bonus works, and how to get the most out of your new card.
On American Express' Secure Website.
Terms apply
Rates & Fees
On American Express' Secure Website.
Terms apply
Rates & Fees
Good/Excellent (670-850)
Intro APR
Purchases: N/A
Balance Transfers: N/A
APR
See Pay Over Time APR
Rewards Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel® up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel®. 1X Membership Rewards® Points on other purchases. Terms apply.
1X-5X Membership Rewards® Points
Annual Fee
$695
Welcome Offer You may be eligible for as high as 175,000 Membership Rewards® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.
As High As 175,000 points. Find Out Your Offer.
This luxury travel card has some of the most prestigious perks you'll find — access to over 1,400 airport lounges, elite status with Hilton and Marriott Bonvoy (enrollment required), and spending credits worth over $1,500 in value every year. Just be ready for the hefty annual fee, which can be offset in the first year with a welcome offer. Terms apply.
Read Full ReviewThe Platinum Card® from American Express is a premium travel card, which also means it's built for people with good to excellent credit -- anecdotal reports suggest a FICO® Score of 670 or higher. The stronger your score, the better qualified applicant you will be.
American Express also considers things like your payment history, income, debt levels, and past relationship with Amex. Before you apply, check in on your credit and make sure your finances are in good shape.
American Express limits all welcome offers to once per lifetime, per card. That means if you've had the Amex Platinum Card before -- even years ago, in a past life -- you probably won't be eligible for the bonus again.
The good news is that Amex will let you know during the application process if you qualify for the welcome offer. It's worth noting that the welcome offer is a huge part of any card's value proposition, so if you're not eligible, you may want to consider other options.
You may be eligible for as high as 175,000 Membership Rewards® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.
Ready to land your sky-high bonus? Apply for the Amex Platinum Card today and check your eligibility.
At $695, the annual fee on the Amex Platinum Card is one of the highest among personal cards. But the perks can easily make up for that cost -- if you use them.
Here are some of the best annual credits currently available:
That adds up to nearly $1,300 in yearly value, not including the welcome offer. When you factor in both, your first-year value could exceed $3,000.
The Amex Platinum Card isn't for everyone. If you don't travel often or don't see yourself using its lifestyle benefits, you may want to consider other options -- like a travel card with a low or no annual fee.
But if you're a frequent traveler who values luxury perks -- and you've never earned the card's welcome bonus before -- the Amex Platinum Card could be a great move.
Apply for the Amex Platinum Card today and find out if you're eligible for the card's jaw-dropping top welcome bonus offer.
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