Comparison With Other Cards
Annual fee: The Platinum Card from American Express charges a $695 annual fee. The Blue Cash Preferred Card from American Express has a $95
Rewards: With The Platinum Card from American Express, you’ll earn five points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 on these purchases per calendar year. You’ll also earn five points per dollar on prepaid hotels booked with American Express Travel. The Blue Cash Preferred Card from American Express offers 6% cash back on up to $6,000 in spending each year at U.S. supermarkets (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations and on transit (including taxis, ride-hailing services, parking and buses), and unlimited 1% cash back on other purchases.
Welcome offer: You earn 100,000 Membership Rewards® points with The Platinum Card from American Express after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months with the Blue Cash Preferred Card from American Express.
Benefits: The Platinum Card from American Express and Blue Cash Preferred Card from American Express cardholders receive access to travel and consumer benefits including purchase protection, rental car insurance and a global assist hotline.
Annual fee: The Platinum Card from American Express charges a $695 annual fee. The Chase Sapphire Reserve has a $550 annual fee.
Rewards: With The Platinum Card from American Express, you’ll earn five points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 on these purchases per calendar year. You’ll also earn five points per dollar on prepaid hotels booked with American Express Travel. The Chase Sapphire Reserve offers five points per dollar on air travel and 10 points on hotels and car rentals purchased through Chase Ultimate Rewards after you spend $300 on travel each year. Earn three points on other travel and dining, and one point on all other purchases.
Welcome offer: You earn 100,000 Membership Rewards® points with The Platinum Card from American Express after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. The Chase Sapphire Reserve rewards you with earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®.
Benefits: The Platinum Card from American Express comes with Uber VIP status, up to a $200 airline fee credit, fee credit for Global Entry or TSA PreCheck, access to the Global Lounge Collection, Platinum Travel service, Marriott Bonvoy Gold Elite status, Hilton Honors Gold status, car rental loss and damage insurance, global assist hotline, concierge service and return protection. With the Chase Sapphire Reserve, you’ll receive up to a $300 annual travel credit, Global Entry or TSA PreCheck fee credit, Priority Pass lounge access, trip cancellation or interruption insurance, auto rental collision damage waiver and return protection.
What Are the Rates and Fees of The Platinum Card from American Express?
- Annual fee: The The Platinum Card from American Express charges an annual fee of $695.
- Foreign transaction fee: There is no foreign transaction fee.
- Balance transfer fee: The The Platinum Card from American Express does not allow balance transfers.
- Cash advance fee: There is a cash advance fee of either $10 or 5% of each transaction, whichever is greater.
- Penalty fee: There is a charge of up to $40 for a late or returned payment (See Rates & Fees).
Should You Get The Platinum Card from American Express?
- Can meet the spending requirement to get the welcome offer.
- Use the travel perks enough to justify the annual fee.
- Don’t intend to use the card for a balance transfer from another account.
For rates and fees of the The Platinum Card from American Express, (See Rates & Fees).