Amex
American Express Platinum Card
Annual Fee
$895
Sign-up Bonus
175,000 pts
Travel Credit
$3,084
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Where It Wins, Where It Doesn't
Generated from the card's data against our full catalog, not editorial opinion.
- 5x on flights (catalog median is 2x)
- 5x on hotels (catalog median is 2x)
- Credits worth about $640/yr at typical usage offset 72% of the fee
- Airport lounge access
- Non-bonus spending earns only 1x
Is the $895 Fee Worth It?
Net annual value (rewards + credits at typical usage, minus the fee) at three reference spending profiles. Signup bonuses excluded.
Everyday
Groceries, gas, and dining out a few times a month ($24,000/yr)
+$225/yr
$480 rewards + $640 credits - $895 fee
Foodie
Heavy dining and delivery, lighter on travel ($26,000/yr)
+$265/yr
$520 rewards + $640 credits - $895 fee
Traveler
Several trips a year with flights and hotels ($28,000/yr)
+$1,169/yr
$1,424 rewards + $640 credits - $895 fee
Rewards by Category
Dining
1x
Grocery
1x
Gas
1x
Flights
5x
Hotels
5x
Other Travel
1x
Online Shopping
1x
Rideshare
1x
Streaming
1x
Amazon
1x
Other
1x
Apple
1x
Cell Phone
1x
Fast Food
1x
Home Utilities
1x
Internet
1x
Walmart
1x
Point value: 2.0 cents per point
The Fine Print That Changes the Math
5x on flights booked directly or via AmexTravel, 5x on prepaid hotels via AmexTravel, 1x everywhere else. Extensive credits: $200 airline incidental, $200 Uber Cash, $300 Equinox, $100 Saks, $300 digital entertainment, and more. Centurion Lounge access.
Benefits & Credits
Airport Lounge Access
Priority Pass or proprietary lounges
Airline Fee Credit$200
We count this at 50% of face value (typical usage)
Uber Cash$200
We count this at 80% of face value (typical usage)
Saks Fifth Avenue$100
We count this at 50% of face value (typical usage)
Digital Entertainment$240
We count this at 60% of face value (typical usage)
Equinox Credit$300
We count this at 0% of face value (typical usage)
Hotel Credit$200
We count this at 40% of face value (typical usage)
CLEAR Plus$199
We count this at 30% of face value (typical usage)
Walmart+ Membership$155
We count this at 30% of face value (typical usage)
American Express Platinum Card FAQ
What is the American Express Platinum Card annual fee?
The American Express Platinum Card has a $895 annual fee. Statement credits worth about $640/yr at typical usage reduce the effective cost.
What is the American Express Platinum Card signup bonus?
175,000 points for new cardholders meeting the minimum spend. Check the issuer's site for the current offer.
What are the best spending categories for the American Express Platinum Card?
5x on flights, 5x on hotels. Everything else earns 1x.
Is the American Express Platinum Card worth the annual fee?
At a typical $24,000/yr spending profile, it nets about $225/yr after the fee. Your own spending mix decides it; run the numbers in the optimizer.
Does the American Express Platinum Card include airport lounge access?
Yes. Lounge access is included; the cash value depends on how often you fly.
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Is American Express Platinum Card Right for You?
Run your personalized optimization to see how this card fits into your wallet and how much you could earn based on your actual spending.
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