AMEX PLATINUM CARD REVIEW 2020! ($550 Annual Fee | American Express Platinum Card Benefits)
Mark Reese // Credit & Finance
•February 22nd, 2021
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The Amex Platinum Card is one of the best credit cards for travel, but is it right for you? This in depth-review will help you decide! Click “Show More” to see Ad Disclosure.
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🎬 VIDEO: AMEX POINTS 101 - How To Use Amex Membership Rewards Points
https://youtu.be/OAos9ucMPVo
WELCOME BONUS - Limited Time
Earn 75,000 Amex Membership Rewards points after spending $5,000 in the first 6 months of card membership. PLUS earn 10X points at U.S Gas Stations & U.S. Supermarkets on up to $15K in combined purchases for first 6 mo. Approximate / average value = $450 - $1,500 based on how you redeem your Amex points.
ANNUAL FEE = $550
EARN AMEX POINTS
5X Flights: Booked directly w/ airlines or AmexTravel.com
5X Hotels: Prepaid via AmexTravel.com
1X Everything Else
REDEEM AMEX POINTS
- Travel (Amex Transfer Partners): 2.0¢ per point, avg.
- Travel (Amex Travel Portal): 0.7¢ per point for hotels, car rentals, cruises & vacations | 1.0¢ per point for flights
- Cash Back (Statement Credit): 0.6¢ per point
🎬 VIDEO: AMEX POINTS 101 - How To Use Amex Membership Rewards Points
https://youtu.be/OAos9ucMPVo
AMEX TRANSFER PARTNERS
Aer Lingus Aer Club
Aeromexico
Air Canada
Air France KLM Flying Blue
Alitalia Millemiglia
ANA Mileage Club
Asia Miles
Avianca Lifemiles
British Airways
Delta SkyMiles
El Al Israel Airlines
Emirates Skywards
Etihad Guest
Hawaiian Airlines
Iberia Plus
JetBlue TrueBlue
Quantas Frequent Flier
Singapore Airlines KrisFlyer
Virgin Atlantic
Choice Privileges
Hilton Honors
Marriott Bonvoy
AMEX PLATINUM BENEFITS
- PayPal Credit (Up to $180): $30/mo. | Valid thru Jun. 2021
- Uber Rides with Platinum ($200/yr.): $15/mo. | $35 in Dec.
- Airline Fee Credit ($200/yr.): 1 airline | Incidental charges
- Global Entry / TSA Precheck (Up to $100): Every 4.5 years
- Shop Saks with Platinum ($100/yr.): $50 Jan. – Jun. | $50 Jul. – Dec.
- Global Lounge Collection: Access to many airport lounges worldwide. More info below.
- International Airline Program: Lower fares | Up to 8 tickets / booking
- The Hotel Collection: $100 property credit | Room upgrade
- Fine Hotels & Resorts Program: Experience credit | Room upgrade | Daily breakfast for 2 | Early check-in (12PM) | Late check-out (4PM) | Free Wi-Fi
- Elite Status: Marriott Bonvoy Gold | Hilton Honors Gold | National Car Rental Emerald Club | Others…
- No Foreign Transaction Fees
AMERICAN EXPRESS GLOBAL LOUNGE COLLECTION
- The Centurion Lounge
- The International American Express Lounges
- Priority Pass lounges
- Escape Lounges
- Delta Sky Club
- Plaza Premium Lounges
- Air Space lounges
INSURANCE & PROTECTIONS
- Car Rental Loss & Damage Insurance
- Trip Delay Insurance
- Trip Interruption & Cancellation Insurance
- Baggage Insurance Plan (lost / damaged / stolen)
- Delayed Baggage Insurance
- Purchase Protection
- -Extended Warranty
Premium Global Assist Hotline
SHOULD YOU GET IT?
YES if you…
- Travel frequently
- Spend on airfare
- Spend on Uber / Uber Eats
- Will use $200 Airline Fee Credit
- -Value VIP travel experiences (elite status, lounges, upgrades, etc.)
Prefer travel rewards over cash back
NO if you…
- Don’t travel multiple times per year
- Are a budget traveler / road tripper
- Don’t care about VIP travel experiences
- Don’t normally spend on airfare or Uber (Eats)
- Prefer cash back over travel rewards
- Don’t like high-annual-fee cards
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #amexplatinumcard #travelcreditcards
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