Yes, the American Express Platinum Card® has one of the highest annual fees of any credit card: $895 (see rates and fees). But did you know it can save you a whopping $3,000 in your first year on travel alone?
It’s true. If you use only the card’s travel-related perks — plus the valuable welcome offer — you can actually cover the Platinum Card®’s annual fee three times over in your first year. Here’s how.
Welcome offer: as high as 175,000 points
Right now, the Platinum Card® is offering a massive welcome bonus: Apply and find out if you are 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.
A welcome bonus as high as 175,000 points is one of the largest you’ll see on any card.
If you redeem those points for travel through Amex at the standard rate of $0.01 per point, that’s a lucrative $1,750 in travel rewards. That’s almost two times the annual fee right there. And by transferring your rewards to one of Amex’s hotel or airline partners, you could get even more value.
Want to earn your bonus before it’s too late? Read our full review of the American Express Platinum Card® to apply today.
Over $1,250 in yearly travel perks
The Platinum Card® also comes with tons of valuable travel-related perks to help you save on your next getaway. They include:
- $600 in annual hotel credits
- A $209 annual CLEAR® Plus Credit
- $200 a year in airline fee credits
- $200 in annual Uber Cash credits
- $120 in annual Uber One Credits
- Access to over 1,550 airport lounges
- 5X points on flights booked directly with airlines or with American Express Travel® up to $500,000 on these purchases per calendar year
- 5X points on prepaid hotels booked with American Express Travel®
- Terms apply; enrollment may be required
In all, that’s more than $1,250 a year in quantifiable travel perks, plus less tangible benefits like the 5X earning rates, access to tons of airport lounges worldwide and more. It’s no wonder the Platinum Card® is one of the most popular premium travel cards around.
Want to find out which other cards can help you save on travel? Check out our list of the best travel credit cards to compare all the top options.