The American Express (Amex) Personal Platinum Card is the premium travel card that published by American Express. It is known for its generous benefits, which correspondingly come with a high annual fee. Additionally, there are places where Amex is not accepted, making it less appealing to some people. However, if you know how to leverage its perks effectively, this card can offer tremendous value.
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Latest Welcome Offer
Currently, you can earn 80,000 points by spending $8,000 within the first six months of opening the card.
It’s hard to say whether Hilton points are devaluing quickly or if Amex’s annual fee is increasing rapidly—from $450 to $550, and now to $695. The Canadian Amex has adopted many positive aspects from the U.S. Amex, such as the ability to refer others for a bonus. One notable feature is the immediate issuance of card numbers for online applications. However, while the U.S. Amex has not adopted the best features, its annual fee has certainly risen to match Canada’s.
Ratings
| Long-term Holding | 4.0 / 5 |
| Spending Rewards | 4.5 / 5 |
| Benefits & Insurance | 4.0 / 5 |
| Design | 4.5 / 5 |
Amex Card Application Base Knowledge
Welcome Offer
Amex stipulates that you can only receive a welcome bonus once per card in your lifetime. This refers to the same product; if you apply for a different product, you can receive another welcome offer. For instance, if you already have the Amex Personal Gold and received a welcome offer, you can still earn another offer for the Amex Personal Platinum.
However, if you’ve already received the Platinum card’s welcome bonus, you won’t be able to receive the Gold card’s welcome bonus. To maximize benefits, it is recommended to apply for the Gold card first, followed by the Platinum card.
Basic Information
Welcome Offer
Current Welcome Offer: 80,000 points for spending $8,000 in the first six months. This is achievable, as many gas stations, travel tickets, and car insurance companies accept Amex. A round-trip flight home and a car insurance purchase would easily meet the requirement.
Spending Rewards
When booking flights directly with airlines or through Amex Travel, you earn 5x points for every dollar spent (capped at 500,000 points per year). For other purchases, you earn 1x points per dollar.
No Foreign Transaction Fees (FX Fee)
Amex Membership Rewards Transfer
Points can be transferred at a 1:1 ratio to partner airlines like British Airways Avios, All Nippon Airways Miles, and Air Canada Aeroplan, providing flexibility in booking award travel.
Benefits Overview
$200 Annual Airline Fee Credit
Can be used for misc airline fees, like checked baggage fee or in-flight meals.
$100 Saks Fifth Avenue Credit
Split into $50 for the first half and $50 for the second half of the year.
$15 Monthly Uber/Uber Eats Credit
Plus an additional $20 in December (totaling $200 annually). Must be used in the U.S. and added the card to the Uber/Uber Eats app
$200 Hotel Credit
For Fine Hotels & Resorts (FHR) or The Hotel Collection, requires at least a two-night stay.
Unlimited Access to Airport Lounges
Includes Priority Pass Select, Centurion lounges, etc.
$199 Clear Plus Credit Annually
Monthly $20 Digital Entertainment Credit
For services like Disney+, Hulu, etc.
Hotel Elite Status
Automatically upgraded to Gold status with Marriott, SPG, and Hilton. Enrollment Required
Car Rental Benefits
Memberships with Avis, Hertz, and National. Enrollment Required
Monthly $12.95 Walmart+ Credit
$300 Annual Equinox Credit
Whether these benefits justify the increased annual fee is up to individual judgment.
Annual Fee Assessment
If you can utilize these benefits, the theoretical value of the benefits easilly exceeds $1,500. With additional cashback opportunities from Amex Offers ( enrollment required), this card can be quite valuable on paper.
In summary, if you’re interested in this card, apply to receive the welcome offer, and if it doesn’t suit you, you can cancel after a year (cancellations can also be done online if you prefer not to make a phone call).
How To Apply
If you’re interested, click the link below to view application details.
