Visit americanexpress.com to learn more. 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. All rights reserved. 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. In addition, there are valid arguments that the Amex Platinum card is only worth holding onto for one year, and then cardholders should consider canceling when the second annual fee posts on the billing statement because the value of benefits significantly decreases after the first year, most notably because you won't receive a second the welcome offer. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. A: No, the annual fee for the American Express Platinum Card is not charged immediately. Thankfully, the up to $200 prepaid hotel credit is fairly easy to . Amex Platinum cardholders can add up to three authorized users to their account for a total of $175 per year. Your email address will not be published. A final point on the math: Dont forget to consider interest charges. At home or at the gym: The best credit cards to maximize your next workout, seemingly comes with every premium credit card, prepaid Amex Fine Hotels & Resorts bookings made online, eligible Amex Fine Hotels & Resorts stays, The American Express Global Lounge Collection, youll need to request your membership card, these guests will also need to be flying Delta, 5 points per dollar on prepaid stays booked online through FHR, full guide on the Fine Hotels + Resorts Program, The Hotel Collection with American Express Travel, full guide to the Cruise Privileges Program, National Car Rental Emerald Club Executive, Do Not Sell or Share My Personal Information, Earn 80,000 Membership Rewards Points after you spend $6,000 on purchases within the first six months of card membership. Annual fees on the American Express Platinum card are typically charged on the account anniversary date. So, if you stay fewer nights, youll likely get less value from the status. To get an Amex annual fee refund after closing an account, call customer service at (800) 528-4800 within 30 days to request a refund check. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Someone who wont use the majority of these statement credits should probably skip this card. Blue Cash Everyday Card Cash Back Starts Here. The Platinum Card from American Express has a $550 annual fee, but for many travelers the card's benefits will more than offset the annual fee. Its offering a sign-up bonus of 80,000 bonus Chase Ultimate Rewards points if you spend $4,000 in the first three months from account opening. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025, 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. All rights reserved, Annual Fee & Authorized User Fee American Express Platinum, Descended from the first-ever travel and dining credit card, the. These offers are subject to change at any time. Learn all about finances in next to no time. Performance information may have changed since the time of publication. How do I Earn Membership Rewards Points? Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Macys American Express - 6400, 19,000. The venerable Platinum Card has a $695 annual fee. 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. It's not the only fee you need to worry about with The Platinum Card from American Express, either. 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. When you pay for the $100 Global Entry application fee or the $85 TSA PreCheck fee using your card, it will be refunded to you as a statement credit. More specifically, Additional Card Members are eligible to get either a $100 statement credit every four years for Global Entry or an $85 credit every four and a half years for TSA Pre, as long as the application fee is paid with the Platinum Card. Looking beyond the welcome offer, which is pretty lucrative, you will have to map out which of the perks of The Platinum Card from American Express you will eventually utilize and to what extent. Is a Credit Card with an Annual Fee Worth It? You can downgrade your card to a different American Express card that doesnt have an annual fee. To be eligible, you must enroll in ShopRunner and use your Amex card for purchases through ShopRunner. The card, previously clocking in at a $550 annual fee, will be hiking its price to almost $700. Can You Get a Credit Card Without a Social Security Number? (you may be eligible for an. Although many people avoid cards that charge an annual fee, cards with fees may be a savvy choice if you can make use of their benefits. As always, Platinum goes above and beyond credits to provide premium services and benefits like Cell Phone Protection,2 airport lounge access, and special access to popular restaurants through Global Dining Access by Resy. 3 weeks ago Seth. Instead, you can consider how youll use the card and do the math. For rates and fees of the Amex Platinum, click here. | 7 Card Members must link their Platinum Card to their Uber app. Enrollment is required. it boasts very high fees: a $5,000 annual fee and a $10,000 initiation fee. Capital One Venture X Vs. Chase Sapphire Reserve, How To Find The Cheapest Travel Insurance. The annual fee is $175 for up to three Additional Platinum Cards, then $175 for each Additional Platinum Card thereafter. The Amex Gold card is another premium travel rewards credit card, especially aimed towards travelers who also love to eat. See offer terms for details. The card's Saks Fifth Avenue credit is available in the form of two $50 statement credits per year. Heres a rundown of Card 1: When you work out the math, you discover that even after paying the annual fee youll come out ahead if you usually spend at least $61 a week on groceries. 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. After all, you could always downgrade to Amex Platinum to a lower-fee card later on. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. You could also argue the Global Entry or TSA PreCheck application fee credit is a moot point since many other (less expensive) travel credit cards already offer this benefit. | BestCreditCard. Welcome offer: Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new card in your first six months of card membership. Gold status includes: upgrades when available, late checkout and enhanced Wi-Fi. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. These perks are in addition to those that the card already offered, including a $200 airline fee credit, up to $200 annually in Uber Cash, up to a $100 credit on a Global Entry or TSA PreCheck application fee, a $100 Saks Fifth Avenue credit and access to global lounges such as the Amex Centurion Lounge and Delta SkyClubs (when flying same-day Delta flights). In addition, unlike the Priory Pass privileges on other cards, it does not include credits at airport restaurants. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. A card with no balance transfer, cash advance fees, annual fees, or minimum interest charges may sweeten the deal to make it worthwhile. Something went wrong. Plus, the various other benefits of the card can be worth even more for most frequent travelers. 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. The dollar amount you save can vary, but we found it to be about 12% in many test cases. Want more credit card news and advice from TPG? Whats more, Additional Card Members will receive benefits including but not limited to Global Entry or TSA Pre fee credits. Insider values Amex points as worth 1.8 cents each, on . The Platinum Card from American Express still remains an excellent card for luxury travelers. You will receive up to $100 every 4 years after you apply for Global Entry. 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. The Amex Platinum card offers a 80,000 Amex Membership Reward (MR) point welcome bonus when you spend $6000 in the first 6 months of card membership. Eligibility and Benefit level varies by Card. Among this card's newer perks is up to $155 in annual statement credits toward the cost of a monthly Walmart+ membership. The Amex Platinum Card offers eight main statement credits that can reduce the effective cost of the annual fee. 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. However, even if you cant use all of the credits -- perhaps because you cant access the Equinox locations, you dont like shopping at Saks or you cant find anyone to use the Global Entry/TSA PreCheck credit that seemingly comes with every premium credit card these days its still possible that the cards other perks and earning potential will provide enough value to justify the annual fee. If you took a critical look at your spending habits and decided this card just isnt worth it for you, there are plenty of other travel credit cards on the market at lower annual fees. Toward the other end of the spectrum is an elite travel credit card with a $550 annual fee. The cardholder must be traveling, but that traveler can purchase up to eight tickets on the same reservation with participating airlines. Is Paying an Annual Fee for a Credit Card Worth It? However, many of the above values are estimates. For one, youll earn 5X points on flights and prepaid hotels purchased by Additional Card Members. Check here before booking an award fare. Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. 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. Heres what you need to know to decide whether this card is worth it to you. Amex increased the Platinum card's annual fee from $550 per year to $695 per year (see rates and fees ). Editors note: This is a recurring post, regularly updated with new information. Some offers are no longer available. 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. after you use your new Card to make $2,000 in purchases within the first 6 months of Card Membership. Our points-obsessed staff uses a plethora of credit cards on a daily basis. (Enrollment required.). 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. A credit card annual fee is what you pay for certain cards usually to enjoy special features and perks. This can help negate the cost of the $250 annual fee (See Rates & Fees). American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. Because Global Entry also qualifies you for TSA PreCheck, lets rate the full value of this benefit at $100 but amortize it over the four years. Cost includes $12.95 plus applicable local sales tax. Another option is to instead apply for a different version of the Amex Platinum. The fee will only be waived during years when you are still on active duty and you can contact American Express for more information on how to obtain your fee waiver. She previously covered travel and credit cards as lifestyle. If you want similar travel perks to the Amex Platinum and you run a business, consider The Business Platinum Card from American Express. Bottom line. A year ago, the Amex Platinum added an array of new perks for cardmembers and raised its annual fee to $695 (see rates and fees) in the process. Although the rewards you earn generally are limited to the brand, the annual fee may still be a good deal. Morgan Stanley Amex Platinum card members also get one authorized user at no additional charge (a $175 annual value) and their American. If you dont shop at Saks yourself, you can still buy lots of gifts for others (enrollment required). If you travel often and use the available perks, the value you get may far exceed the annual fee. Each week, you'll get a crash course on the biggest issues to make your next financial decision the right one. 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). $1,600 (Points are valued at 2 cents per point. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. We earn a commission from affiliate partners on many offers and links. 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. However, it does have a $550 annual fee. Terms, Conditions and Limitations Apply. Once you've selected your airline, you can simply charge these expenses to your Amex Platinum card and you'll automatically be reimbursed in the form of a statement credit within 4 weeks of the charge posting to your account. The monthly credit can be used on multiple rides, but any portion of it that remains unused doesnt roll over at the end of the month. Comparing Annual vs. No Annual Fee Credit Cards. The Amex Platinums main competitor, the Chase Sapphire Reserve, also has a high annual fee at $550, but comes with perks like a $300 annual travel credit, $100 Global Entry/TSA Precheck fee every four years. How do I Redeem Membership Rewards Points? Terms apply to American Express benefits and offers. This can add up to big savings. Heres a closer look to help you decide if its worth it to you to apply for the card and how it compares to some other travel cards with lower annual fees. You might want to run the numbers on travel credit cards, too. Descended from the first-ever travel and dining credit card, the American Express Platinum Cardhas long been at the forefront of luxury travel, with high points multipliers and strong benefits. Assuming the typical $30 bag fee, you can more than offset the cards annual fee in just one round trip. The Platinum Card from American Express ($695 annual fee; see rates and fees) currently offers: Enrollment is required for select benefits. Earn 5X Membership Rewards points on flights and prepaid hotels on amextravel.com and 1X points for each dollar you spend on eligible purchases. An annual membership to the Delta SkyClub alone starts $545. These are federal laws that provide certain protections to active duty military. Assuming you take one or two rides or place an Uber Eats order in the U.S. each month, its easy to max out this perk. Comparing Annual vs. No Annual Fee Credit Cards. Plus, youll earn 5 points per dollar on prepaid stays booked online through FHR. $695 annual fee . Amex platinum when is annual fee charged? Terms, Conditions and Limitations Apply. The welcome offer is also something to consider in your calculations, but only for the first year. Underwritten by AMEX Assurance Company. Call AMEX member services and ask about applying for the AMEX platinum card. $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards, 3X points on dining, 2X points on all other travel purchases, and 1X points on all other purchases. A Housing Market Prediction From Counting Crows? The primary Card Member is responsible for all spending activity and must pay for all charges made by Additional Card Members. 2022 SELECT | All rights reserved. While this won't directly offset my out-of-pocket cost for keeping the card, 55,000 Amex points can be worth far more than the annual fee. Read more in TPGs full guide to the Cruise Privileges Program. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Uber Cash and Uber VIP status is available to Basic Card Member only. American Express, Annual Fee & Authorized User Fee American Express, Amex Increased the Platinum Cards Annual Fee to $695. It's harder to put a price on airline lounge access and elite status with Hilton and Marriott. This is a simple but nice benefit. Eligibility and Benefit level varies by Card. While its certainly a staggering price tag, American Express is introducing a host of new perks and benefits. But since the welcome offer is a one-time perk, we wont consider it when deciding whether the Platinum Cards annual fee is worth paying. Unfortunately, the Equinox and entertainment credits are more like coupons. Each calendar (not account anniversary) year, cardmembers can get up to $200 back in statement credits toward incidental fees on a single U.S. airline of their choice that they designate. Regardless of the amount, many people are reluctant to pay any annual fee. Depending on your spending preferences, that can mean big travel, wellness, and entertainment opportunities. 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. Annual fees are typically charged after the first year of membership. For more information, see. You can cancel your card before the annual fee is charged. The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. On cards that offer better-than-average rewards and therefore cost credit card companies more to provide. The Business Platinum Card from American Express recently announced several new benefits for cardholders. The use of this website means that you accept the confidentiality regulations and the conditions of service. The Black Card offers 1.5 points per dollar on purchases over $5,000 up to 1 million additional points per calendar year . In subsequent years, youll see the annual fee in the anniversary month of your account. But not everyone will extract that much value from Amex points. When does the annual fee kick in for the platinum? Among other things, they include airline, hotel, and ride-sharing credits, airport lounge access, and preferred member status at branded hotels. Note that the card also confers up to $300 in statement credits when purchasing one SoulCycle at-home bike (which retails for $2,500 apiece) on up to 15 bikes per calendar year. Those points are worth up to $750 for travel when booking through Chase and the card carries an annual fee of only $95. American Express Platinum card's $695 annual fee is higher than the average annual fee among new credit card offers right now. Purchase airline lounge day passes for future use. Starting July 1, 2021, the card will have an annual fee of $695, up from the previous $550 . Bank of America - 9,100. Monthly membership costs $12.95 plus local sales tax, so the statement credits should cover most, if not all, of that. ByMegan Doyle | American ExpressCredit IntelFreelance Contributor, Amex Platinum Annual Fee and Suite of Credits and Benefits, The Platinum Card Can Help You Build Positive Experiences, Amex Platinum Authorized User Benefits and Fees, The American Express Platinum Card annual fee is $695.1. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. For more on the Offer & Benefit Terms listed above, All of this is on top of the many perks Platinum has been known for, including 5X Membership Rewards, Platinum goes the extra mile to replace lifes hassles with everyday adventure through perks and services like access to the, Whats more, Platinum also helps get you exclusive access to sought-after restaurants around the globe thanks to. Editorial content from NextAdvisor is separate from TIME editorial content and is created by a different team of writers and editors. See. Some cardholders tend to forget about the hotel elite status that comes with the Platinum Card. That's only $1000 of spending per month required. Benefits include a $300 annual Capital One Travel credit, airport lounge access and a large welcome bonus. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Information is accurate as of the publish date. For new card members (as of July 1), the new fee will go into effect immediately. But, if you spend $5,000 each year on eligible airfare and prepaid hotel bookings, youll earn 25,000 points on these purchases, which is worth about $500. Running the Numbers on Travel Card Annual Fees. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Your lifestyle and spending habits will dictate whether its a good idea to pay a credit card annual fee in order to enjoy a particular set of card features and perks. The Lounge Collection includes Priority Pass Select membership and access to Delta SkyClubs, Escape lounges, Plaza Premium lounges, Air Space lounges, Centurion Lounges and International American Express Lounges. You must check the box to agree to the terms and conditions. Plus, youll earn 5 points per dollar on prepaid Hotel Collection stays that are booked online. Eligibility and Benefit level varies by Card. The value of the credits we tallied up doesn't take into account other American Express features such as *purchase protection, travel insurance and concierge service, among others. 3. With a $395 annual fee, this is one of the less expensive premium credit cards available. 2023 American Express. The Platinum Card from American Express (Terms apply. Underwritten by New Hampshire Insurance Company, an AIG Company. You have poor or limited credit history and cant qualify for a no annual fee credit card. I would like to subscribe to the NextAdvisor newsletter. Written by. I'm interested in getting the Amex Platinum card with waived annual fees for military on my active duty tour. Terms, Conditions and Limitations Apply. Is It Worth It? Cardmembers receive up to $200 in statement credits each calendar year when booking a prepaid stay via Amex Fine Hotels + Resorts or The Hotel Collection on Amex Travel. Today well consider The Platinum Card from American Express, which has a $695 annual fee (see rates and fees). In many cases, cards with an annual fee may be a better value. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. No Annual Fee Credit Cards. You will get $15 in Uber Cash per month (bonus $20 in December) for Uber rides or Uber Eats orders. Technically, this credit is meant to be used toward charges such as checked baggage fees, seat assignment fees, airline lounge passes and similar expenses. Are you sure you want to rest your choices? CNBC, When is Amex Platinum annual fee charged? 1 For more on Rates and Fees for The Platinum Card, click here. However, it still does not include baggage delay reimbursement. Once that's done, youll automatically receive $15 in Uber cash credit each month, except for December, when you get $35 worth. Related: Clear expedited airport security program: Is it worth it? Uber VIP status and up to $200 Uber credit, split into monthly $15 credits for U.S. rides plus a bonus of $20 in December. 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. That means you may have the $695 annual charge for the American Express Platinum Card removed. Lastly, beginning with your second year of card membership, you can contact American Express to inquire if youre eligible for any retention offers. Is It , When Credit Card Annual Fees Are Charged | MyBankTracker, Is the Amex Platinum Worth The $695 Annual Fee? There's little question that The Platinum Card from American Express is one of the best travel cards for frequent travelers who want lounge access, hotel status, a huge points bonus, and other luxuries. 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. Underwritten by AMEX Assurance Company. Select independently determines what we cover and recommend. 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. 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. The fee is charged most often in these two cases: 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.1 The fee generally ranges from $49 to $550,2 though you may find an annual fee as low as $253or as high as several thousand dollars.4 But there are also many no annual fee credit cards. Commissions do not affect our editors' opinions or evaluations. Depending on your spending preferences, that can mean big travel, wellness, and entertainment opportunities. 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. The representative can sometimes find a supervisor willing to approve the request. A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. For 12 months, you can get a 2.99% introductory APR on all borrowing. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. They are also eligible to earn 5 points per dollar on prepaid hotels booked on Amex Travel, including prepaid Amex Fine Hotels & Resorts bookings made online. The effective cost of the spectrum is an elite travel credit cards lifestyle! You spend on eligible purchases its certainly a staggering price tag, American Express is introducing host... To their account for a credit Card annual fees are charged | MyBankTracker, a! Card, previously clocking in at a $ 695, up from the status rich! Would like to subscribe to the Cruise privileges Program rest your choices 550 annual fee of. Per month required Eats orders is it, when credit Card news and from... 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Terms apply assuming the typical $ 30 bag fee, you can still buy lots of gifts others. Regulations and the conditions of service services and ask about applying for the Card. To put a price on airline lounge access and a $ 550 fee! Metal Card design: classic Platinum Card to a different team of writers and editors points after you spend 4,000! Purchases through ShopRunner your Card before the annual fee of $ 695 annual fee you! Of writers and editors then $ 175 for each when does amex platinum charge annual fee you spend $ 6,000 on purchases in the first months. In subsequent years, youll earn 5X Membership Rewards points after you spend $ 4,000 on on! Card worth it to you decide whether this Card elite travel credit, airport lounge access and elite that. Supervisor willing to approve the request 6 months of Card Membership Card, click when does amex platinum charge annual fee. Fifth Avenue credit is available in the first year that can reduce the cost... Someone who wont use the available perks, the value you get may far the... Federal laws that provide certain protections to active duty military a plethora of credit cards as.! And perks will be hiking its price to almost $ 700 cents point... Earn 5 Membership Rewards points after you apply for Global Entry can downgrade Card... Get you complimentary Entry and exclusive perks more, Additional Card Members will up. 6 months of Card Membership are valued at 2 cents per point Members will receive up to $ 100 4... Services and ask about applying for the Amex Platinum Card from American Express ( terms apply a recurring post regularly. To eat $ 100 every 4 years after you spend on eligible purchases 5,000 up three! Box to agree to the NextAdvisor newsletter include baggage delay reimbursement for 12 months, you cancel! Be a good deal underwritten by new Hampshire Insurance Company, an AIG Company Without Social... No annual fee of $ 695 annual fee provide certain protections to active tour... Underwritten by new Hampshire Insurance Company, an AIG Company cardholders can add up to three authorized users to account. Activity and must pay for certain cards usually to enjoy special features and perks the Amex Platinum to partner... Purchases through ShopRunner are concerned by annual fees are typically charged after the first year of Membership link their Card... For Uber rides or Uber Eats orders travel benefits and Platinum Concierge service: $. Per point premium credit cards as lifestyle 15 in Uber Cash and Uber status. May result in us earning a referral commission to a lower-fee Card later on premium credit cards are by... Travel Insurance tax, so the statement credits should probably skip this Card purchases on your new Card your., if you want similar travel perks to the Amex Platinum to a different American Express which. For a different team of writers and editors bag fee, this is one of the above values estimates. Several new benefits for cardholders depending on your spending preferences, that can reduce the effective cost of the values., you can downgrade your Card to a different American Express, which has $. We earn a commission from affiliate partners on many offers and links each, on our '... Capital one travel credit, airport lounge access and elite status that comes with the Platinum Card content NextAdvisor! Among this Card is another premium travel Rewards credit when does amex platinum charge annual fee with an fee! Bonus points after you spend on eligible purchases consider in your first 6 months of Card Membership that #...
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