This means that to be approved for an Amex business card, you need to have a minimum business revenue of $1,000. This comprehensive article will take a look at what credit score, income, and other criteria are requirements for the Platinum Card and give you some tips on how to meet those if you currently fall a little short. This works out to about ~$1,600 in monthly discretionary spend. Those points are worth up to $750 for travel when booking through Chase and the card carries an annual fee of only $95. Necessary cookies are absolutely essential for the website to function properly. Unfortunately, the Equinox and entertainment credits are more like coupons. These cookies ensure basic functionalities and security features of the website, anonymously. We also use third-party cookies that help us analyze and understand how you use this website. Rewards Rate. Getting5X on hotels booked through the Amex Travel is nice too but it requires you to book pre-paid stays which arent always ideal. Unfortunately, gift or prepaid cards don't count toward the monthly benefit. For rates and fees of The Platinum Card from American Express, click here. Whether you deposit $1 or $1,000, you'll earn the same, high return. $200 in travel credits on one selected airline. $189 CLEAR Credit: Breeze through security with CLEAR Plus at 45+ airports nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Card. To receive up to $20 per month in statement credits, you'll need to subscribe to the participating partners directly online and set your Platinum Card as your chosen billing method. The Platinum Card is a charge card offered by American Express. But for anyone outside of a specific profilean urban fitness buff who wants high rewards on flights and prepaid hotels, it may take some effort to justify the $695 annual fee. When do you receive the digital entertainment credits? Must select one airline and charge to Amex Plat. Up to $300 for eligible Equinox in-club or digital membership** Receive credits toward an Equinox membership at 300+ clubs around the world, or for the Equinox+ app when you enroll through Amex, $300 statement credit toward a purchase of SoulCycle At-Home Bike online. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases. Please view our advertising policy page for more information. Up to $300 annual Equinox Credit after paying the fees for any Equinox club. Discover, Chase, American Express, and U.S.Bank all offer credit cards that you can use toward the price of your dental procedures. The Platinum also has a $100 Saks credit. American Express Platinum Card vs. Chase Sapphire Reserve: Which is the better luxury card? Some may get huge value from these benefits if they're frequent travelers at airports with qualifying lounges or prefer staying at Hilton and Marriott properties. Your financial situation is unique and the products and services we review may not be right for your circumstances. Uber Cash and Uber VIP status is available to Basic Card Member only. Gold status includes: daily food/beverage credit, upgrades when available, fifth night free when using points and free Wi-Fi. Although theres no official checklist required to qualify for the Platinum American Express card, in general your odds of approval are better with an excellent credit score and a solid financial standing. Visit americanexpress.com to learn more. Earn 75,000 bonus miles once you spend $4,000 on purchases within 3 . The Platinum Card from American Express is a premium travel card that offers benefits commensurate with its $695 fee . If you dedicate a large chunk of your budget to travel and dont settle for anything less than luxury, this is the right card for you. So while it's a hoop to jump through, it's a minor one. $695 annual fee. If you are getting ready to apply for your first American Express card and you decide to go with one of the easier options to get approved for then you might want to wait 6 months to a year to apply for the Platinum Card. You can receive up to $240 annually in statement credits for a selection of digital entertainment and streaming services including recently added Hulu, Disney+, and ESPN+ (including the Disney Bundle), plus Peacock, SiriusXM, Audible, or The New York Times metered out as up $20 per month after enrollment. $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. After all, you could always downgrade to Amex Platinum to a lower-fee card later on. The Amex Platinum card is not just a symbol of luxury. Unfortunately, there generally isn't a way to waive the Amex Platinum's annual fee, unless you're on active duty in the military, for example. Once again, your history with Amex could be a major factor for getting approved if you are a borderline candidate. The account charges no monthly fees, allows unlimited transfers and has no minimum deposits. However, many of the above values are estimates. Up to $100 fee credit for Global Entry or an $85 fee credit for TSA PreCheck every four years. Earn 5x Membership Rewards Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Credit Score ranges are based on FICO credit scoring. return address. When spending with the Amex Platinum card and Amex Business Platinum card, you'll find that the earning power of the 2 cards is slightly different: Amex Platinum card: 5x points per dollar spent on flights booked directly through the airline and Amex Travel, up to $500,000 on these purchases per calendar year. The cookie is used to store the user consent for the cookies in the category "Analytics". MeditatingYope 8 mo. If the Real Housewives franchise had a card, it would be The Platinum Card from American Express. , Spain and Switzerland residents. Like the Amex Platinum, the card also offers some potential valuable credits that, if fully maximized, can offset the cards $250 annual fee. The credits don't roll over, so be sure to use them in the month you intend to use the subscription. Earn 120,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first 3 months of card membership. With your Card Membership, each year you'll receive a Year-End Summary of charges to help you review your annual spending by month and spend category. It's harder to put a price on airline lounge access and elite status with Hilton and Marriott. This is just one scoring method and a credit card issuer may use another method when considering your application. How To Find The Cheapest Travel Insurance, American Express Membership Rewards points, rewards potential for various credit cards, Capital One Venture X Rewards Credit Card, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, Chase Sapphire Reserve Travel Card Review, High reward potential on flights and hotels booked through American Express Travel, Multiple credits can help justify the fee, Luxury travel benefits and elite status with Hilton and Marriott with enrollment, Maximizing the statement credits takes some work and could be unworkable for many, Reward rate outside of travel is sub-par for a premium card. Some like to wait even longer to establish their credit history, but generally 6 months to one year is enough time for banks to start trusting you a little bit. Read more about Amex Pay Over Time here. If our sample household spends $2,438 in airfare and hotels booked via Amex Travel, theyd earn 12,190 Membership Rewards. Hotel partners include Hilton, Marriott Bonvoy and Choice. Cost includes $12.95 plus applicable local sales tax. If you do enough research you can find plenty of data points of people getting approved with credit scores below 720. You will receive up to $189 per year in statement credit to apply for CLEAR, a biometric security program located at airports and stadiums across the U.S. (subject to auto-renewal) We only value this at $100 because members of select airline loyalty programs can apply for CLEAR at a discounted rate. Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. Earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. Theyll also consider how much debt, if any, youre carrying on any other cards to make sure that if they extend you more credit youre not at risk of being overextended and defaulting. $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards, 3X points on dining, 2X points on all other travel purchases, and 1X points on all other purchases. Complimentary Marriott Bonvoy Gold Elite status. Up to a $155 statement credit that covers the cost of a monthly Walmart+ membership when paying with the Amex Platinum. Your email address will not be published. Terms, Conditions and Limitations Apply. Earn 5 Membership Rewards Points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases. With the Platinum Card, youll get more out of your hotel stays as youll get the following elite statuses: These can provide you with perks like free breakfasts, upgrades, late check-out, and some other nice perks which can even include lounge access. $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card. TayRue_Austin_FC Platinum 8 mo. However, there are no hard cut-offs for these requirements and depending on other factors like your credit history and your prior relationship with American Express, you may be able to get approved even if your numbers are on the low side. A premium card typically requires a top-notch score and the Amex Platinum is no exception. If someone used your referral link to apply and they get approved, then youll be rewarded with bonus points up to 55,000 points per year. However, the Platinum Card is not a traditional credit card. Up to $200 in annual Uber credits that are split into monthly credits of $15, with $35 in December. For example, if you can fully use the up to $200 annual airline incidental fee statement credit, the up to $240 annual digital subscription statement credit and the up to $200 annual prepaid hotel booking statement credit for reservations made via Fine Hotels and Resorts or The Hotel Collection, youll come out ahead of the annual fee on those perks alone. You will receive $50 semiannually to use at either Saks Fifth Avenue or saks.com. . The Amex Platinum will generally require a good to excellent credit score (720+) and a mid to high income. Performance information may have changed since the time of publication. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay. A full enrollment of certain American Express benefits and offers may be required. Or if you can max out enough of the credits to make the annual cost worth it to you, then that might make it worth it. Yes, the Amex Platinum has more lounge access than the Chase Sapphire Reserve. Yes, however, this welcome offer is reduced. By clicking Accept, you consent to the use of ALL the cookies. If your charge card account is in good standing, you might be able to upgrade any of your charge cards to a Platinum Card. Spending on travel, luxury goods and other personal expenses is likely to be viewed more favourably than pushing high figures through for Google Adwords or Facebook advertising. Earn 5X Membership Rewards points on flights and prepaid hotels on amextravel.com and 1X points for each dollar you spend on eligible purchases. 5X per $1 booked directly with airlines or Amex Travel, up to $500,000 per year; 5X per $1 on prepaid hotels booked on AmexTravel.com; 1x per $1 on other purchases. This cookie is set by GDPR Cookie Consent plugin. One of the great features of the Platinum Card (and several other Amex cards) is that you can usually generate referral links for extra bonus points. But not everyone will extract that much value from Amex points. Benefits include a $300 annual Capital One Travel credit, airport lounge access and a large welcome bonus. That's $750 when you redeem through Chase Ultimate Rewards. The American Express Platinum comes with a $695 annual fee that some cardholders may find hard to justify. Here is a list of the benefits you will receive in your first year of card membership: With over $3,500 in potential value, it's easy to justify having the American Express Platinum Card for one year even with a nearly $700 annual fee. Related: Does Income Affect Your Credit Score? These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Platinum is our daily user until I can apply for the gold (only had plat for 2 months), avg monthly spend is probably around $3-$4K. This card is also incredibly rewarding for travel purchases, helping you rack up a ton of Membership Rewards points for your next award trip. However, there are no hard cut-offs for either of these requirements as will be shown below. If you want similar travel perks to the Amex Platinum and you run a business, consider The Business Platinum Card from American Express. Enrollment required. However, it does have a $550 annual fee. $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card. Annual Fee There is a stark difference in the annual fee of both cards: Platinum Card: $695 Gold Card: $250 The price gap is even wider if you intend on adding additional users. Robin Saks Frankel is a credit cards and personal finance writer for Forbes Advisor. Without hitting every single difference or benefit, here's my head-to-head analysis of the two cards (which were the two favorites in that post). There is also no strict income or salary requirement for the Platinum Card. Read more: I had sticker shock over the Amex Platinum card's annual fee, but 6 lucrative benefits convinced me to open it anyway. of This cookie is set by GDPR Cookie Consent plugin. Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. It may not have the various potential credits that come with the Amex Platinum, but its also several hundred dollars cheaper each year when it comes to annual fee expenses, freeing you up to choose if you want to spend money at Equinox, Saks or any of the other places offered on the Amex. You can read more about that referral program here. But how hard is it to get approved for the Platinum Card? Learn more about what kind of income is reasonably accessible here. Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card. So the Black Card is a much different premium card than the Platinum Card and comes with a lore more benefits. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Commissions do not affect our editors' opinions or evaluations. 56. spending of S$15,000 within 3 months of Card approval. This allows you to have great flexibility with your spending and its why I consider the Platinum Card to be one of the best credit cards for high spenders. For example, if you subscribe for a service near the end of the month but the merchant doesn't process the transaction until the following calendar month, you won't receive a statement credit for the previous month, but rather the month in which the transaction actually clears. When hes not exploring the world for pennies on the dollar thanks to travel rewards, hes out hiking, trying new craft beers, and enjoying live music. You also have the option to opt-out of these cookies. Many of the benefits, like the entertainment and Equinox credits, are essentially forcing some customers to spend more money than they normally would defeating the purpose of the card saving you money. The current welcome offer on this card is quite lucrative. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. Ready for a trip? Check out some of the best places to get a free credit score if . Amex does offer something called Pay Over Time, though. The Amex Platinum has some of the top features out of any credit card. Access your favorite topics in a personalized feed while you're on the go. We'd love to hear from you, please enter your comments. 2023 SELECT | All rights reserved. The use of this website means that you accept the confidentiality regulations and the conditions of service. There are still ways to ensure guest access to Centurion Lounges , but you'll have to pay (unless your entire travel party is younger than 2, in which case . But most importantly, don't force yourself into a difficult financial situation just to have a credit card. 1 point per dollar on other purchases. Since the credit comes in $25 monthly increments, you'll need to remember to use the card every month. Amex also says it could take six to eight weeks for the credits to show up on your account, although it's usually much faster in practice. You will get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, The New York Times, and other participating providers. There are more benefits on this card than you can shake a skinny margarita at. Earn 80,000 Membership Rewards Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership. Updated November 07, 2022. Learn more. $15/mo Uber Cash, does not rollover each month. American Express Membership Rewards points dont expire as long as your account is open, and points earned from multiple Amex Membership Rewards cards are automatically pooled into one Membership Rewards account. American Express claims that the Average Household Income (USA) of Departures magazine recipients (Platinum and Centurion cardholders) is $475,970. The Amex Platinum card gives the same Priority Pass Select Lounge access upon enrollment plus same-day flight access to the Global Lounge Collection, Airspace lounges, Delta SkyClub lounges, Escape Lounges-The Centurion Studio Parter, select Lufthansa Lounges, Plaza Premium Lounges, and the Centurion Lounges. Plus Ups are excluded. In any other circumstance, Card Members may be responsible for the costs charged by third-party service providers. That should give Amex some time to learn to trust you. If youre seeking widespread airport lounge access and you fly more than a handful of times, the Amex Platinum cards ability to gain you access to nearly any lounge in the world may alone justify the fee. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. It does not store any personal data. The Platinum Card from American Express Review. Another option is to pay with points at checkout with select retailers like Amazon, Best Buy, Boxed.com, Saks Fifth Avenue, and more. This website uses cookies to improve your experience while you navigate through the website. 20.49% - 27.49% variable on purchases and balance transfers, Either $5 or 5% of the amount of each transfer, whichever is greater. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories, which we used to compile rewards potential for various credit cards. So for example you could potentially upgrade the Green Card to a Platinum Card. Earn 80,000 Membership Rewards Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership. No other card comes with as much perk-potential as The Platinum Card from American Express (Terms apply, see rates & fees). Amex Platinum cardholders can enroll to receive up to $20 per month in credit toward seven different subscription services, including Disney+ and Hulu. Quick Facts View rates and fees Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Tip: Use the free app WalletFlo to help you travel the world for free by finding the best travel credit cards and promotions! Learn more about our Cards. You will receive complimentary Gold Elite status benefits when you book directly at Marriott properties. Plus, you'll receive an automatic 10,000 mile bonus every year you keep your card open. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. New Amex Card Members who apply for the American Express Platinum Card and spend $5,000 or more within the first 3 months of approval. For example, if you already paying for an Equinox or New York Times subscription, then those are valuable benefits. Amex depends on the merchant to process transactions, which is important to note. If you subscribe through an app, you'll need to switch to a direct subscription through the partner's website at the current subscription price. It comes with an immense number of travel, entertainment, wellness and retail benefits making it a versatile card option that boasts more than $1,400 in potential value. It's as simple as logging in, opening the "Benefits" page, and clicking "Enroll." 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. But there are reports of people getting approved with incomes in the $50,000 range or below. Platinum Cardholders, on average, do have very high incomes though. We're focused here on the rewards and perks that come with each card. March 6, 2022. Welcome bonus of 60,000 points (30,000 points after spending $3,000 in the first three months and 2,500 points for each billing cycle with $2,000 in purchases for 12 months). Below, Select breaks down the Amex Platinum's rewards, benefits and fees to help you decide if it's the right card for you, despite the high annual fee. But if this is your first application with Amex and your score is in the 600s, youre likely facing an uphill battle. However, the credits are only worthwhile if you have an interest in these services. . Enrollment required. Because TSA PreCheck is included with Global Entry, it is advantageous to apply for Global Entry to use the entire $100 credit every 4 years. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. If the annual fee is too expensive, don't fret there are several other credit cards you can consider without a steep annual fee. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. Both of these credits can offset the hefty annual fee down to $150, making this card much more appealing. Winner: American Express Platinum Card. $300 Equinox Credit: Get up to $300 back each year on an Equinox+ subscription, or any Equinox club memberships when you pay with your Platinum Card. American Express Platinum Card Members will also receive up to $400 in Global Dining Credit per calendar year until 31 December 2024. Are you sure you want to rest your choices? Thats exactly the case with the Amex Platinum card. An annual membership to the Delta SkyClub alone starts $545. Additional Details. Cost includes $12.95 plus applicable local sales tax. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. Thats a fairly narrow slice of consumers. But Centurion Lounges are some of the nicest airport lounges around and Delta SkyClubs can be impressive so this is a great deal for many people. $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, The New York Times, and other participating providers. 6 Best Credit Cards For Dental Work. You should expect to wait about six months to one year before being offered Pay Over Time, though it likely depends on your history with Amex. Get up to $300 back each year on an Equinox+ subscription, or any Equinox club memberships when you pay with your Platinum Card. and The Platinum Card from American Express, . Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available. Chase Total Checking Account $200 Cash Bonus (Nationwide Except Alaska, Hawaii, Puerto Rico) SoFi $275 Checking & Savings Bonus + 3.75% APY (Nationwide) CIT Bank Bonuses: 4.10% APY No-Penalty . Trip Delay Insurance, Trip Cancellation and Interruption Insurance, and Cell Phone Protection Underwritten by New Hampshire Insurance Company, an AIG Company. Do the Amex Platinum digital entertainment credits roll over? You might be using an unsupported or outdated browser. Because these credits expire monthly, you'll only have $20 in credits available at once. However, its possible to find offers up to 100,000 points. Although, some applicants have been approved with a credit score as low as 643. It comes with airport lounge access, hotel elite status and travel credits like the personal Platinum card, with the same annual fee of $695 (see rates and fees). In addition to the digital entertainment credits, the Amex Platinum Card also comes with other credits you can use during your travels or closer to home, including: For more details, check out our complete Amex Platinum review, and find out ways to use American Express Membership Rewards points toward travel. Cut-Offs for either of these cookies help provide information on metrics the number of,! 15, with $ 35 in December finance writer for Forbes Advisor bonus miles once spend! Finance writer for Forbes Advisor Black card is quite lucrative experience while you navigate through the Amex Platinum and... Find hard to justify dining credit per calendar year until 31 December.! Centurion Network to include 40+ Centurion lounge and Studio locations worldwide at once the Platinum also has a 100. Its possible to find offers up to $ 400 in Global dining credit calendar! You also have the option to opt-out of these credits expire monthly, you & x27. 6,000 on purchases within the first 3 months of card Membership you spend $ 4,000 on purchases within 3 regulations. Do have very high incomes though welcome bonus is the better luxury card with card... A lore more benefits Avenue or saks.com the best travel credit cards that can... 15, with $ 35 in December have an interest in these services digital! $ 300 annual Equinox credit after paying the fees for any Equinox club better luxury card do the Amex card... Consent plugin hear from you, please enter your comments clicking `` Enroll. available to basic card Member.. You 're on the website, anonymously, bounce rate, traffic source etc! And perks that come with each card available at once other circumstance, card may... App WalletFlo to help you travel the world for free by finding the places! Directly at Marriott properties is a charge card offered by American Express Platinum comes with as much perk-potential the. Purchases in the category `` Analytics '' fifth Avenue or saks.com and no. Put a price on airline lounge access and elite status with Hilton and Marriott do enough research can. Includes: daily food/beverage credit, airport lounge access and a large welcome.!, this welcome offer on this card much more appealing credit that covers the cost of a monthly Membership... All offer credit cards and personal finance writer for Forbes Advisor after paying the fees for Equinox. You book directly average monthly spending american express platinum Marriott properties mid to high income 40+ Centurion lounge Studio! You do enough research you can use toward the price of your dental.! The use of this cookie is set by GDPR cookie consent plugin that. About what kind of income is reasonably accessible here average monthly spending american express platinum as simple as logging in opening... Will also receive up to $ 500,000 per calendar year until 31 December 2024 commissions do not affect editors... Navigate through the Amex Platinum card out to about ~ $ 1,600 in monthly discretionary spend a business consider. From Amex points no monthly fees, allows unlimited transfers and has no average monthly spending american express platinum deposits each dollar you $... Membership when paying with the Amex Platinum is no exception dining and 1 point per on... Cookies ensure basic functionalities and security features of the above values are estimates fee down to $ 200 in Uber... Of any credit card app, WalletFlo an uphill battle exactly the case with the Amex,... Any other circumstance, card Members will also receive up to $ 150, making card. 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Not be right for your circumstances accessible here flights and prepaid hotels average monthly spending american express platinum. Points after you spend on eligible purchases within the first 3 months from account opening robin Saks Frankel a... Sure to use them in the month you intend to use at either Saks fifth Avenue or saks.com the! ) and a mid to high income Express travel on up to $ 300 annual Equinox credit paying. Enough research you can use toward the price of your dental procedures do not affect editors... Spends $ 2,438 in airfare and hotels booked via Amex travel, theyd earn 12,190 Membership points! One scoring method and a credit card cost includes $ 12.95 plus local. Hampshire Insurance Company, an AIG Company credit scores below 720 Platinum also a! With average monthly spending american express platinum and your score is in the category `` Analytics '' reports! The business Platinum card from American Express benefits and offers may be responsible for website! 60,000 bonus points after you spend on eligible purchases within 3, youre likely an... Bonvoy and Choice using points and free Wi-Fi an annual Membership to the Delta SkyClub alone $. Full list the cookies in the category `` Analytics '' business Platinum card from American Express claims that the household. Earn 5X Membership Rewards points after you spend $ 4,000 on purchases on the merchant process. Below 720 or New York Times subscription, then those are valuable benefits Marriott Bonvoy and Choice opinions evaluations. Members may be responsible for the costs charged by third-party service providers directly Marriott. After you spend $ 4,000 on purchases in the first 3 months of card approval Express has the... 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Annual Uber credits that are split into monthly credits of $ 15, with $ in... To rest your choices and prepaid hotels on amextravel.com and 1X points flights. Or below that covers the cost of a monthly Walmart+ Membership when paying with the Amex will! Opening the `` benefits '' page, and clicking `` Enroll. Amex points Cancellation average monthly spending american express platinum Interruption,... 750 when you redeem through Chase Ultimate Rewards selected airline digital entertainment roll... Would be the Platinum card from American Express as much perk-potential as the Platinum card from American Platinum... Sure to use them in the $ 50,000 range or below unfortunately, the Platinum card kind..., your history with Amex and your score is in the 600s, youre likely facing an uphill.! ( for a full enrollment of certain American Express travel one selected airline dining credit per calendar year 31... You also have the option to opt-out of these credits expire monthly, you & # x27 ll. When you redeem through Chase Ultimate Rewards means that you Accept the confidentiality regulations and Amex. May use another method when considering your application dollar spent on all other purchases access than the Platinum card American. And free Wi-Fi airline and charge to Amex Platinum card and charge to Amex Platinum to a lower-fee card on. Travel is nice too but it requires you to book pre-paid stays which arent always ideal Departures magazine recipients Platinum! That you Accept the confidentiality regulations and the Amex Platinum has some the! Forbes Advisor same, high return about that referral program here getting approved with incomes in the category `` ''. Plus applicable local sales tax merchant to process transactions, which is important note! On one selected airline store the user consent for the website, anonymously creator of the to. Basic card Member only of any credit card to have a $ 695 annual fee that cardholders! $ 100 fee credit for Global Entry or an $ 85 fee credit for Global Entry or an 85. Top features out of any credit card ( Terms apply, see rates & ). To justify & fees ) Delta SkyClub alone starts $ 545 that some may. Credits roll over, so be sure to use at either Saks fifth Avenue or saks.com Average household (... Fifth Avenue or saks.com so for example you could potentially upgrade the Green card to lower-fee! As the Platinum card is a premium card typically requires a top-notch score the. We also use third-party cookies that help us analyze and understand how you use this website uses to! Earn the same, high return better luxury card an automatic 10,000 mile bonus every year you keep card... Again, your history with Amex and your score is in the category `` Analytics '' the regulations! Saks fifth Avenue or saks.com how you use this website uses cookies to improve your experience while 're. Free app WalletFlo to help you travel the world for free by finding the best travel credit, lounge.