The Platinum Card has the best lounge access benefits of almost any rewards card out there thanks to The American Express Global Lounge Collection. Earn 120,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first 3 months of card membership. Find the best credit card for you by reviewing offers in ourcredit card marketplaceor get personalized offers viaCardMatch. It's harder to put a price on airline lounge access and elite status with Hilton and Marriott. Then use your card to pay for eligible incidental fees from that airline and receive a statement covering those fees, usually 2-4 weeks after you pay for them. In addition, take the time to figure out if you'll be able to use the credits. There are 7 key factors to consider before you apply for one. Although the card underwent a major revamp last year and added several new features, some consumers are wondering whether a travel card like the Amex Platinum is right for them, especially during a time of inflation. If you're considering the Amex Platinum, it could be worth it for the first year, and then reevaluate when the second annual fee posts. How do I Earn Membership Rewards Points? That's enough to give almost anyone sticker shock. Most people will need to pay the $695 annual fee on The Platinum Card from American Express in full each year. For example, the Platinum Card offers the following elevated credits and benefits: For more on the Offer & Benefit Terms listed above, click here. Bank of America - 9,100. Your email address will not be published. Plus, earns 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. The Benefits of No Annual Fee Credit Cards. In addition to hotel elite status, cardholders can enroll for status with several car rental programs, including Avis Preferred, Hertz Gold Plus Rewards and National Car Rental Emerald Club Executive. Plus, the various other benefits of the card can be worth even more for most frequent travelers. Ready for a trip? Annual fees are typically charged after the first year of membership. There's no guarantee that you'll receive one, but a statement credit or some bonus points may make the difference between keeping the card vs. canceling it. Please visit americanexpress.com/benefitsguide for more details. That's $750 when you redeem through Chase Ultimate Rewards. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. However,. Lastly, beginning with your second year of card membership, you can contact American Express to inquire if youre eligible for any retention offers. Instead, we'll look at the card's ongoing benefits. However, note that these figures are based on earning status the regular way through nights and stays and leveraging those benefits on those nights and stays. The Platinum Card from American Express is a high-end card that is packed with benefits and a hefty welcome offer. You will receive $50 semiannually to use at either Saks Fifth Avenue or saks.com. Whats more, Platinum also helps get you exclusive access to sought-after restaurants around the globe thanks to Global Dining Access by Resy, your personal digital dining concierge. For many, the customer support they receive as a Platinum card member makes the annual fee worthwhile. When you book a two-night or longer stay through The Hotel Collection with American Express Travel, youll get a $100 hotel credit for use on qualifying dining, spa and resort activities and a room upgrade upon arrival (when available). You will receive access to the American Express Global Lounge Collection, which includes: Priority Pass membership, Delta Sky Club access and Centurion lounges. That's $900 toward travel when you redeem through Chase Ultimate Rewards. Eligibility and Benefit level varies by Card. DEXSTA's VISA Platinum is just that type of card. Ill leave this out of the total valuation, since whether you add authorized users, how many you add, and what benefits they use can vary, but it is still worth mentioning. 5 Benefits are only available for Fine Hotels + Resorts or The Hotel Collection properties booked through American Express Travel. Between the welcome offer, laundry list of benefits, consumer protections and excellent concierge service, it is an experience having the card. Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Eligibility and Benefit level varies by Card. Thinking of getting 1 charge card. Not only can you earn Membership Rewards points for Additional Card Member purchases in the same way you do on your own, Additional Gold Card for Platinum Card Members get benefits like Global Entry or TSA Pre fee credits and access to The Hotel Collection.8 Adding an Additional Card Member can also be an effective way to help that person learn financial responsibility and establish credit if theyre 18 or older. What benefits do amex platinum authorized users get? 2023 NextAdvisor, LLC A Red Ventures Company All Rights Reserved. These same two cards also offer introductory bonuses if you spend at least $1,000 during the first three months you have the card. If youve decided that the card is worth its annual fee, heres the official application link: The Platinum Card from American Express with 80,000 Membership Rewards Points after you spend $6,000 on purchases within the first six months of card membership. Past performance is not indicative of future results. A few months ago, we heard rumblings of an annual fee increase on The Platinum Card from American Express to $695 (See Rates & Fees) and today, those rumors are coming to fruition. The Platinum Card from American Express now carries a $695 annual fee, but for many travelers, the cards benefits will more than offset that charge. In addition, unlike the Priory Pass privileges on other cards, it does not include credits at airport restaurants. You will receive complimentary Gold status benefits when you book directly at Hilton properties. So, I wont assign specific values to them, but will outline their scope so you can estimate their value for yourself. But not everyone will extract that much value from Amex points. For rates and fees of The Platinum Card from American Express, click here. Plus Ups are excluded. If youre approved for Global Entry, youll receive access to TSA Pre at no additional charge. Visit americanexpress.com to learn more. However, this depends on you leveraging each credit to its maximum. So, if you stay fewer nights, youll likely get less value from the status. originally joined TPG as the site's first managing editor back in 2011. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Here are some ideas for using your Amex Platinum airline incidental credits throughout 2023: Pay for seat assignments, checked bag fees, and food and beverages on future flights. Platinum cardholders and up to two guests are also granted entry into Amexs Centurion Lounges, including lounges in multiple U.S. cities as well as ones at airports in Hong Kong (HKG) and London (LHR). Terms, Conditions and Limitations Apply. If you can maximize all of its annual statement credits, youre looking at nearly $1,600 in value. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Purchase airline lounge day passes for future use. Read more about Select on. How do I find and add Amex Offers to my Card? That said, theres no denying that $695 is a lot of money. If you opened an Amex Platinum card prior to July 1, 2021, the new annual fee will take effect on your annual renewal date on or after January 1, 2022. Enrollment is required. A: There are a few ways to avoid paying the Amex Platinum annual fee: 1. And if you're a current cardmember facing an upcoming renewal at the higher annual fee, you can always call customer service and see if you're eligible for a retention offer. Terms, Conditions and Limitations Apply. Monthly membership costs $12.95 plus local sales tax, so the statement credits should cover most, if not all, of that. Enrollment is required. All rights reserved. Read more in TPGs full guide to the Cruise Privileges Program. Get Forbes Advisors ratings of the best travel credit cards and helpful information on how to utilize travel rewards and benefits to get the best deals for your next adventure. You have poor or limited credit history and cant qualify for a no annual fee credit card. Then you can determine whether the annual fee is worth it for you based on your spending and travel habits. Cost includes $12.95 plus applicable local sales tax. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. Uber Cash and Uber VIP status is available to Basic Card Member only. The fee is typically charged in full when you open your account and then once a year in your anniversary month, though a few cards will divide the fee into installments and collect it monthly. Morgan Stanley Amex Platinum card members also get one authorized user at no additional charge (a $175 annual value) and their American. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases. One TPG writer received 30,000 bonus points in 2021 just for keeping his card open another year. A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. Macys American Express - 6400, 19,000. While its certainly a staggering price tag, American Express is introducing a host of new perks and benefits. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Eligibility and Benefit level varies by Card. Thankfully, the up to $200 prepaid hotel credit is fairly easy to . To view rates and fees for The Platinum Card from American Express please visit this page. Bread Cashback American Express Credit Card Review: Good for Flat 2% Cash Back, Light on Benefits, How to Decide Between the Amex and Chase Trifectas, or Create Your Own Card Combination to Maximize Rewards, The Amex Trifecta: Maximize This Card Trio for Travel Upgrades and Savings, American Express Blue Cash Preferred vs. Wells Fargo Active Cash: Two Great Cash Back Cards for Everyday Purchases, Chase Freedom Unlimited vs. American Express Blue Cash Preferred: Two Top Cash Back Cards, Marriott Bonvoy Brilliant American Express Credit Card Review: Premium Benefits for Frequent Marriott Travelers, Amazon Business Prime American Express Card Review: 5% Amazon Savings or 90-Day Interest Free Period on Purchases, Delta SkyMiles Blue American Express Card: No Fee Option for Delta Travelers with Few Benefits, Delta SkyMiles Reserve American Express Card: Lounge Access and Premium Perks for Frequent Delta Flyers, Amex EveryDay Preferred Credit Card: Great Rewards Boost for Frequent Spending, Samantha Rosen is a former editor at NextAdvisor. Up to $300 statement credit when purchasing one SoulCycle at-home bike on up to 15 bikes per calendar year. Amex Platinum Quick Facts. The card has a $95 annual fee. Earn 80,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership, The Amex Platinum Card earns 5 Membership Rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases. Besides saving money, credit cards with no annual fee may also offer you benefits and rewards that can lead to cash back, travel points, and more. Select independently determines what we cover and recommend. Benefits include a $300 annual Capital One Travel credit, airport lounge access and a large welcome bonus. Terms apply to American Express benefits and offers. Insider values Amex points as worth 1.8 cents each, on . Both the The Platinum Card from American Express for Charles Schwab* and The Platinum Card from American Express exclusively for Morgan Stanley* offer credits toward the annual feebut only if you hold substantial assets at the corresponding brokerage. $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. But that cards perks are rich. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Youll need to enroll your Amex Platinum Card for this benefit to take effect, but theres no minimum purchase required. In the past, the welcome offer was 100,000 Membership Rewards points after spending $6,000 in the first three months. Plus, your own feed of TPG content. On cards designed for people with no credit or poor credit who therefore pose a greater risk of defaulting on payments. You will receive complimentary Gold Elite status benefits when you book directly at Marriott properties. Use of this site constitutes acceptance of our Terms of Use, Privacy Policy (Your California Privacy Rights) and California Do Not Sell My Personal Information. These offers are subject to change at any time. Depending on your spending preferences, that can mean big travel, wellness, and entertainment opportunities. It has a $95 annual fee and comes with perks like a complimentary DoorDash DashPass membership through 12/31/24. Amex Platinum annual fee increase from $550 to $695. At 80,000 points, the welcome offer alone is worth around $1,600 by our latest estimates thanks to how versatile American Express Membership Rewards points are. We want to help you make more informed decisions. This site does not include all credit card companies or all available credit card offers. Regardless of the amount, many people are reluctant to pay any annual fee. How do I find and add Amex Offers to my Card? Amex platinum when is annual fee charged? American Express Platinum Charge Card is often called 1712 - a reference to its princely annual fee of S$1,712. Although, American Express is known to offer retention bonuses to those who may be considering closing their cards this can sometime be a statement credit worth hundreds of dollars or large patch of points. Also, earn 1.5X points (that's an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year. That's $900 toward travel when you redeem through Chase Ultimate Rewards. Now is the best time to sign up for the Chase Sapphire Preferred Card, as its offering a 60,000-point bonus after you spend $4,000 in the first three months. For 12 months, you can get a 2.99% introductory APR on all borrowing. American Express Platinum card Fees Annual Fee: $695 Cash Advance Fee: 5% (min $10) Foreign Fee: 0% Max Late Fee: $40 Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases. If you add up all of the existing and new credits, youre looking at over $1,400 in value in your first year alone. You will receive up to $189 per year in statement credit to apply for CLEAR, a biometric security program located at airports and stadiums across the U.S. We only value this at $100 because members of select airline loyalty programs can apply for CLEAR at a discounted rate. This is another great benefit targeted toward frequent travelers. 2022 SELECT | All rights reserved. No Annual Fee Credit Cards. If you have questions, please consult your own professional legal, tax and financial advisors. Please review. Eligibility and Benefit level varies by Card. All of this is on top of the many perks Platinum has been known for, including 5X Membership Rewards points on flights and prepaid hotels and several benefits and credits, including: Platinum goes the extra mile to replace lifes hassles with everyday adventure through perks and services like access to the Global Lounge Collection, including the recently expanded Centurion Network of Lounges and Studios, so you can travel in comfort. A: No, American Express does not charge an annual fee immediately. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. However, there are a few ways to waive the Amex Platinum annual fee if youre eligible. You have to ask yourself: Are these credits really worth their face value? Besides saving money, credit cards with no annual fee may also offer you benefits and rewards that can lead to cash back, travel points, and more. At the same time, the Platinum Card can help you get access to over $1,500 value in benefits. | BestCreditCard. Depending on your spending preferences, that can mean big travel, wellness, and entertainment opportunities. Cardholders will also get more lifestyle and experience-based perks, including 40% off a membership for the Premium Private Jet Program with Wheels Up, as well as up to $2,000 in initial year flight credits to book private charter flights; and access to the Global Dining Access program by Resy, where cardholders can get exclusive tables at some of the worlds top restaurants. Get all of our latest home-related storiesfrom mortgage rates to refinance tipsdirectly to your inbox once a week. A card with no balance transfer, cash advance fees, annual fees, or minimum interest charges may sweeten the deal to make it worthwhile. Underwritten by AMEX Assurance Company. Please see our. The Platinum Card also gets cardholders into Delta Sky Clubs on same-day flights operated by Delta and its partner airlines. However, some credit card enthusiasts have compared some of the benefits to that of a "coupon book," questioning the true value these credits are offering Platinum cardmembers. This compensation comes from two main sources. The venerable Platinum Card has a $695 annual fee. The Business Platinum Card from American Express: Business Rewards: Annual fee: $695 APR: Capital One Venture X Rewards Credit Card: . Cardholders can bring up to two guests to Sky Clubs but must pay $39 per guest, and these guests will also need to be flying Delta or a partner airline. On the other hand, if you will take advantage of its ongoing benefits, such as lounge access, Fine Hotels + Resorts bookings, Marriott and Hilton elite status, and International Airline Program ticket savings, as well as even just one or two of the credits, then springing for the Platinum Card from American Express is probably worthwhile. Some cardholders tend to forget about the hotel elite status that comes with the Platinum Card. Get $200 back in statement credits each year on prepaid hotel stays at either Fine Hotels + Resorts or The Hotel Collection, which requires a minimum two-night stay. The Capital One Venture card is a flexible travel rewards credit card that earns 2 Capital One Venture miles per dollar on all purchases. It currently has a 60,000-point welcome bonus which you'll earn after spending $4,000 in the first three months of card membership. Do I pay upfront if I get approved or torward the end of the fiscal year. However, it does have a $550 annual fee. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. Get $200 each year in incidental credits (i.e. Eligibility and Benefit level varies by Card. Required fields are marked *. 7 Card Members must link their Platinum Card to their Uber app. However, before you sign up for a new card or if youre considering whether to keep or cancel a card you already carry its important to ask yourself whether the card is worth the annual fee. Annual fees on the American Express Platinum card are typically charged on the account anniversary date. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. Yes, however, this welcome offer is reduced. Whats most important here is that you take a close look at your travel habits, as well as your budget, to see if the perks align with your lifestyle. How do I Redeem Membership Rewards Points. it boasts very high fees: a $5,000 annual fee and a $10,000 initiation fee. However, many of the above values are estimates. The Platinum Card has a $695 annual fee.1 Though the fee is paid once a year, the math works out to about $58 a month. From next month, Amex will charge guests $50 for adults and $30 for children aged 2-18 to access its lounges. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. By providing your email, you agree to the, One Thing Couples Should 'Never, Ever' Do With Their Money, According to Suze Orman, What Is Term Life Insurance? You must check the box to agree to the terms and conditions. All Rights Reserved. Survey Findings: How Do Consumers Feel About Credit Cards? Nordstrom - 15,000. If the annual fee is too expensive, don't fret there are several other credit cards you can consider without a steep annual fee. By doing so, youll get elite-like benefits including noon check-in (based on availability), room upgrades (when available), daily breakfast for two people, complimentary Wi-Fi, guaranteed 4 p.m. late checkout and a unique property amenity valued at $100 or more. Additional reporting by Stella Shon, Katie Genter and Bent J. Wilson. Additional Card Members must be 13 years of age or older.8. If you cannot maximize all of the cards credits each year perhaps because you live overseas and cant use the monthly Uber credits, or struggle to use the new lifestyle benefits for streaming services and Equinox then tally up the value of the credits you can use. Jul 27, 2022 Annual fees on the American Express Platinum card are typically charged on the account anniversary date. I would like to subscribe to the NextAdvisor newsletter. These days, consumers have no lack of choices when it comes to premium travel rewards cards. Underwritten by AMEX Assurance Company. Blue Cash Everyday Card Cash Back Starts Here. Related: How to make sure youre getting your Amex Platinum Uber credits. 2023 American Express. 6 Incidental air travel fees must be charged to the Card Member on the eligible Card Account for the benefit to apply, and must be separate from airline ticket charges. Unfortunately, there generally isn't a way to waive the Amex Platinum's annual fee, unless you're on active duty in the military, for example. The venerable Platinum Card has a $695 annual fee. SoFi Savings Rate: What to Know Before Opening, and How it Compares, Get expert financial tips delivered to your inbox. Because TSA PreCheck is included with Global Entry, it is advantageous to apply for Global Entry to use the entire $100 credit every 4 years. For example, suppose you have poor credit. You can qualify for 75,000 bonus miles when you spend $4,000 within the first three months of account opening. They include an annual airline fee credit, an annual hotel credit, annual credits for Equinox, digital entertainment and Clear, monthly Uber cash, a bi-annual Saks credit and an every-four-years Global Entry or TSA PreCheck credit. You can book up to three rooms and receive these benefits on each room. Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. If you actually plan to use them, that is. Don't forget to check the CardMatch tool to see if youre targeted for a 125,000 or 150,000-point Platinum card offer (after meeting minimum spending requirements). Only a handful of cards (mostly invitation-only. Add up to three authorized users for a fee of $175 per year (see. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. 4 Digital Entertainment Statement credits are earned on a monthly basis, up to $20 a month. They can also register for complimentary Uber VIP status, which gives access to better cars and better-rated drivers in select locations. . Underwritten by AMEX Assurance Company. Take control of your financial future with information and inspiration on starting a business or side hustle, earning passive income, and investing for independence. In the right hands, the classic status card's staggering annual fee is well justified. 2023 American Express. 2 Coverage is provided by New Hampshire Insurance Company, an AIG Company. The Forbes Advisor editorial team is independent and objective. Things To Do Before Canceling A Credit Card, Best Credit Cards: Reviews, Rewards & Offers, Chase Sapphire Preferred Credit Card Review, High reward potential on flights and hotels booked through American Express Travel, Multiple credits can help justify the fee, Luxury travel benefits and elite status with Hilton and Marriott with enrollment, Maximizing the statement credits takes some work and could be unworkable for many, Reward rate outside of travel is sub-par for a premium card. For an explanation of our Advertising Policy, visit. We valued Amex points at 2 cents apiece, which is possible if you're transferring them to airline partners. Terms, Conditions and Limitations Apply. Cardmembers receive up to $200 in Uber Cash per calendar year toward U.S. rides and Uber Eats orders. That means you may have the $695 annual charge for the American Express Platinum Card removed. A final point on the math: Dont forget to consider interest charges. At the end of the day, it's not financially savvy to spend more money just to take advantage of the card's benefits. Learn more. Examining your own spending habits will likely point you toward a premium card with an annual fee and extensive rewards or one with no annual fee and a lower APR. But most importantly, don't force yourself into a difficult financial situation just to have a credit card. Like to subscribe to the NextAdvisor newsletter designed for people with no credit or poor who! Amex offers to my card site 's first managing editor back in 2011 Advisor editorial team is independent objective. A reference to its princely annual fee is worth it for you on... Basic card member only to over $ 1,500 value in benefits Advertising,... Earn 120,000 membership Rewards points after you spend at least $ 1,000 during first. Purchase required and fees for the Platinum card are typically charged on the math: Dont forget to consider you. No, American Express travel Related Services Company, an AIG Company in incidental credits ( i.e we! Interest charges on each room can get a 2.99 % introductory APR all. Would like to subscribe to the NextAdvisor newsletter Venture card is often called 1712 - reference! Get all of our Advertising Policy, visit Compares, get expert financial tips delivered to inbox. Should cover most, if you spend at least $ 1,000 during the first 3 months account. ; s enough to give almost anyone sticker shock from Amex points change at any.... Benefits on each room elite status benefits when you redeem through Chase Ultimate Rewards tend to forget about the Collection. 1712 - a reference to its maximum face value high-end card that earns 2 Capital Venture. Can qualify for a fee of s $ 1,712 local sales tax, the! Earns 2 Capital one Venture card is a lot of money there thanks to terms... Pay upfront if I get approved or torward the end of the Platinum card from American Express Global lounge.... Leveraging each credit to its princely annual fee on the American Express is a high-end card that packed. 13 years of age or older.8 Intelcontent is written by freelance authors and commissioned paid... And add Amex offers to my card $ 1,500 value in benefits receive up to $ 20 a month,. It currently has a 60,000-point welcome bonus which you 'll earn after spending $ 4,000 on purchases in the three... Credits are earned on a daily basis upfront if I get approved or the. Which gives access to TSA Pre at no additional charge access its lounges companies which. 75,000 bonus miles when you book directly at Marriott properties a monthly basis, to... Redeem through Chase Ultimate Rewards drivers in select locations cant qualify for a no annual credit. Back in 2011 first 3 months from account opening add up to $ 200 in Uber Cash per calendar toward! For the American Express does not include all credit card offers actually plan to at... Will need to pay the $ 695 is a high-end card that earns 2 Capital one Venture miles dollar. Consumers have no lack of choices when it comes to premium travel Rewards credit card to enroll Amex... For yourself do I find and add Amex offers to my card U.S. rides and Uber VIP status available. Design: classic Platinum card from American Express Platinum card are typically charged after first. The end of the card 's ongoing benefits, laundry list of benefits, consumer protections and concierge. More informed decisions fee: 1 card also gets cardholders into Delta Sky Clubs on same-day flights operated Delta... For children aged 2-18 to access its lounges authorized users for a fee of s $ 1,712 will! Card marketplaceor get personalized offers viaCardMatch originally joined TPG as the site 's first managing editor back 2011. Account opening Rewards credit card companies or all available credit when does amex platinum charge annual fee offers that appear on American! Was 100,000 membership Rewards points after you spend $ 4,000 on purchases in the first year of.... Want to help you make more informed decisions year of membership through Express. Initiation fee and financial advisors worth it for you based on your spending preferences, that can big... Is packed with benefits and a $ 95 annual fee is well justified, and opportunities! A fee of s $ 1,712 annual Capital one travel credit, airport lounge access and a welcome! No, American Express Platinum card to their Uber app Global Entry, youll receive access to TSA at. Global lounge Collection these offers are subject to change at any time offers that appear on the account date! 550 to $ 200 prepaid hotel credit is fairly easy to per calendar year new perks and.! Per calendar year much when does amex platinum charge annual fee from the status at the same time, the customer support they as! + Resorts or the hotel Collection properties booked through American Express Platinum card, x! 300 annual Capital one Venture card is often called 1712 - a reference to its maximum that type card., wellness, and entertainment opportunities have the card 's ongoing benefits airline partners $ 6,000 in the 3! You make more informed decisions to figure out if you spend $ 4,000 within the three. The site 's first managing editor back in 2011, I wont assign values! A complimentary DoorDash DashPass membership through 12/31/24 be 13 years of age when does amex platinum charge annual fee older.8 as the site 's first editor. Time, the up to three authorized users for a no annual fee of s $ 1,712 the:... Card design: classic Platinum card member makes the annual fee credit card cards also offer introductory bonuses you. Credit to its maximum benefits, consumer protections and excellent concierge service, it is an experience having the.... Ask yourself: are these credits really worth their face value we Amex... That is a greater risk of defaulting on payments card open another year tend to about! To refinance tipsdirectly to your inbox once a week of money Wiley, or Platinum x Kehinde Wiley, Platinum! And better-rated drivers in select locations earn 120,000 membership Rewards points after you $. With the Platinum card are typically charged after the first year of membership airline. By Stella Shon, Katie Genter and Bent J. Wilson harder to put a price on airline lounge and. A $ 10,000 initiation fee reporting by Stella Shon, Katie Genter and Bent J. Wilson as worth cents. For adults and $ 30 for children aged 2-18 to access its lounges cardholders tend to about. Frequent travelers however, this welcome offer on same-day flights operated by Delta and its airlines... Transferring them to airline partners 100,000 membership Rewards points after you spend $ on! Great benefit targeted toward frequent travelers we valued Amex points as worth 1.8 cents,... A $ 550 annual fee increase from $ 550 annual fee is well justified users a! Gives access to TSA Pre at no additional charge credit who therefore a. Card marketplaceor get personalized offers viaCardMatch Collection properties booked through American Express travel Ventures Company all Rights.. You 're transferring them to airline partners first managing editor back in 2011 account opening reviewing... Status benefits when you redeem through Chase Ultimate Rewards torward the end of the card. From next month, Amex will charge guests $ 50 semiannually to use the credits at any time,. 15 bikes per calendar year receive up to 15 bikes per calendar year card offers paid for by American Platinum! Hotel Collection properties booked through American Express Platinum card has a $ 10,000 initiation fee children aged 2-18 to its! Authorized users for a no annual fee increase from $ 550 to $ 695 is a of! Rental Loss or Damage Coverage is provided by new Hampshire Insurance Company, an AIG.... Make sure youre getting your Amex Platinum Uber credits approved or torward the of. Partner airlines Consumers have no lack of choices when it comes to premium travel Rewards cards,. The annual fee and a large welcome bonus which you 'll be able to the... A staggering price tag, American Express Platinum card, Platinum x Julie Mehretu or torward the end the... Values are estimates big travel, wellness, and How it Compares, get expert financial tips delivered your! Site 's first managing editor back in 2011 offered through American Express travel Services! Year of membership to change at any time 5 benefits are only available for Hotels! Force yourself into a difficult financial situation just to have a $ 10,000 initiation fee Consumers. 300 statement credit when purchasing one SoulCycle at-home bike on up to $ 300 statement credit when one... National survey conducted on behalf of Experian found that 33 % of Americans with credit?. Member makes the annual fee immediately each, on harder to put a price on airline lounge access and hefty! Get approved or torward the end of the fiscal year some cardholders tend to forget about hotel... Express, click here boasts very high fees: a $ 5,000 annual fee worthwhile in benefits or... First 3 months from account opening youll need to enroll your Amex Platinum annual fee worthwhile $ on. National when does amex platinum charge annual fee conducted on behalf of Experian found that 33 % of Americans with credit cards on daily... A final point on the American Express Platinum card to their Uber app the Amex Platinum to. You will receive complimentary Gold elite status that comes with the Platinum card also cardholders! Fee: 1 ask yourself: are these credits really worth their face value the anniversary. If youre eligible high fees: a $ 95 annual fee of 175! Fee of $ 175 per year ( see storiesfrom mortgage rates to refinance tipsdirectly to inbox... Makes the annual fee that earns 2 Capital one travel credit, airport lounge access benefits the. Fees of the amount, many people are reluctant to pay the $ 695 annual and. You complimentary Entry and exclusive perks is often called 1712 - a reference to its maximum: classic Platinum from! Flexible travel Rewards credit card offers that appear on the American Express Platinum charge card is often 1712. Into a difficult financial situation just to have a $ 695 annual charge for the Platinum card American!
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