Is the Amex Platinum Card Worth the Annual Fee?

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Is the Amex Platinum Card Worth the Annual Fee?

 
Is the American Express Platinum Card worth the $695 annual fee? This premium credit card provides various rewards and perks designed for specific users. Let’s see if the Amex Platinum Card is the right fit for you.
 

Benefits:

 

The Amex Platinum Card provides many great perks, such as:

Travel Benefits: Access to Centurion Lounges, Delta Sky Club, Priority Pass Select, and $200 annual airline fee statement credit.


Dining and Entertainment: $200 annual Uber Cash, statement credits for Uber Eats and dining, and hotel dining credits.

 

Luxury Travel: Fine Hotels & Resorts benefits, upgrades, breakfast, and property credit.

 

Other Perks: Saks Fifth Avenue statement credit, SoulCycle at-home bike rental credit, Equinox gym membership credit, and Digital Entertainment subscriptions credit.

 
 
 
American Express Platinum Card with travel, dining, and entertainment benefits

Who Should Get the Amex Platinum Card?

The Amex Platinum Card is an excellent choice for those who:

 

Travel frequently, especially for business purposes.

 

Enjoy dining out and entertainment.

 

Value luxurious travel experiences.

 

Can take full advantage of the card’s statement credits.

 
 
 
Close-up of the American Express Platinum Card with the Centurion Lounge logo in the background
 

Is the Amex Platinum Card Worth It for Business Travel?

 

Yes, the Amex Platinum Card is a great option for business travelers. With its extensive travel benefits, including lounge access and airline fee credits, it can save you money and enhance your travel experience.

 

Is the Amex Platinum Card Worth It for Families?

 

Families can also benefit from the Amex Platinum Card. Priority Pass Select membership, hotel credits, and annual fee statement credits make it valuable for those traveling with loved ones.

 

Is the Amex Platinum Card Worth It for Foodies?

 

Absolutely! Foodies can enjoy substantial savings with the card’s dining and entertainment benefits, which include Uber Cash, dining credits, and more.

 
 
 

Is the Amex Platinum Card Worth It for Luxury Travelers?

 
 

Yes, the Amex Platinum Card is perfect for luxury travelers. It provides exclusive Fine Hotels & Resorts benefits that enhance the luxury travel experience.

 

Is the Amex Platinum Card Worth It for Rewards Chasers?

 

For those chasing rewards, the Amex Platinum Card offers impressive Membership Rewards points for flights and hotel bookings, which can be redeemed for various travel rewards.

 

Is the Amex Platinum Card Worth It for Airline Credits?

 

The card offers yearly airline credits, helping you save on expenses like baggage fees and flight changes.

 

Is the Amex Platinum Card Worth It for Uber Credits?

 

Yes, the Amex Platinum Card offers annual Uber Cash, which can be used for Uber rides and Uber Ease deliveries.

Is the Amex Platinum Card Worth It for Global Entry/TSA PreCheck?

 

The card provides a statement credit for Global Entry or TSA PreCheck application fees, making security screening at airports more convenient.

 
 
 
A family traveling through an airport using their Priority Pass Select membership from their American Express Platinum Card

 

Is the Amex Platinum Card Worth It for Priority Pass Lounge Access?

 

The card offers complimentary Priority Pass Select membership, granting access to over 1,300 airport lounges worldwide, providing free food, drinks, Wi-Fi, and comfortable seating.

 
 
 
A travel blogger checking into a Fine Hotels & Resorts property using their American Express Platinum Card

 

Is the Amex Platinum Card Worth It for Fine Hotels & Resorts Benefits?

 

Yes, the card offers a range of luxury benefits for those booking with Fine Hotels & Resorts, including priority upgrades, daily breakfast for two, and property credit.

Is the Amex Platinum Card Worth It for Statement Credits?

 

The card provides numerous statement credits that can help reduce expenses on various items and services.

 
 
 
A couple enjoying a meal at a luxury restaurant using their American Express Platinum Card

 

Maximizing the Value of the Amex Platinum Card:

 

To make the most of your Amex Platinum Card, take advantage of its travel, dining, and entertainment benefits, as well as its statement credits. Use lounge access, airline credits, and dining benefits to save money and enhance your experiences.

 

Is the Amex Platinum Card Worth It for New Yorkers?

 

The Amex Platinum Card is a fantastic choice for New Yorkers, offering valuable perks, especially for those who frequently travel for business or leisure.

 

Is the Amex Platinum Card Worth It for Los Angelenos?

Yes, the card is also an excellent choice for Los Angelenos, with travel, dining, and entertainment benefits tailored to their needs.

Is the Amex Platinum Card Worth It for Canadians?

 

Canadian travelers to the United States can enjoy the card’s travel perks, making it a good choice for them.

 

Is the Amex Platinum Card Worth It for High-Income Earners?

 
 

Certainly, high-income earners can fully leverage the card’s benefits and find it to be an excellent choice.

 

Is the Amex Platinum Card Worth It for Middle-Class Earners?

 

It depends on individual spending habits and travel needs. Middle-class earners who travel frequently and value the card’s benefits may find it worthwhile.

 

Is the Amex Platinum Card Worth It for Frequent Travelers?

 

Yes, frequent travelers can benefit greatly from the card’s travel and dining perks.

 

Is the Amex Platinum Card Worth It for Foodies?

 

Foodies can enjoy significant savings with the card’s dining and entertainment benefits.

 

Is the Amex Platinum Card Worth It for Luxury Shoppes?

 

Luxury shoppers can take advantage of the card’s statement credits and luxury travel benefits.

 

Conclusion:

 

Determining if the Amex Platinum Card suits you relies on your travel style, preferences, and budget. If you frequently travel, enjoy luxury, and can maximize the benefits, this card could be an excellent option. But if you travel less or have different things you care about, the expensive yearly fee might not make sense.

 
 

Frequently Asked Questions (FAQs) On Amex Platinum Card Of American Express Bank Answered Here:

 

Is the annual fee for Amex Platinum worth it?

 

The American Express Platinum card carries a hefty annual fee of $695. If you travel often or use over $695 in benefits yearly, this card is a good deal. It gives you many perks like valuable Membership Rewards points, up to $1,500 in yearly statement credits, and access to airport lounges worldwide.

At what point is the Amex Platinum worth it?

 

The Amex Platinum becomes worth its high annual fee when you can fully leverage its vast array of benefits and rewards. Make the most of your Membership Rewards points, get up to $1,500 in yearly statement credits, and enjoy access to a global network of airport lounges. If you can strategically utilize these rewards and annual credits, you can gain far more than $695 in value each year from your card.

Is the Amex Platinum annual fee waived?

 

While American Express has been known to offer no annual fees with certain card applications sent with statements or online offers that waive the annual fee if a specific amount of money is spent in a billing cycle, these offers may not always be available or applicable to all customers. It’s best to check with American Express directly for the most accurate and current information.

Why is the American Express Platinum card fee so high?

 

The American Express Platinum card costs more because it gives you lots of good stuff. Earn Membership Rewards points, up to $1,500 in annual credits, and enjoy access to numerous airport lounges worldwide. The fee is higher because these lounges can get busy, and you may need to wait due to the popularity of American Express and its competitors’ lounges.

How to cancel Amex Platinum Card?

The easiest way to cancel your Amex Platinum card is by calling the customer service number located on the back of your card. This ensures you speak directly with a representative who can assist you through the process.

Here are some additional details:

For US residents: Call the number on the back of your card.

For residents outside the US: Call collect at 1-336-393-1111.

For Corporate Cards: You might need to contact your company’s Program Administrator instead.

It’s important to note that:

You will be responsible for any outstanding charges on your card before it can be closed.

You may be eligible for a prorated refund of your annual membership fee depending on how long you held the card during the year.

American Express might try to convince you to keep the card by offering retention benefits. Consider those offers very carefully before making any decision.

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