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These high-quality hotels are ideal for the typical Amex Platinum cardholder. This membership level would require a person to stay at least 20 stays (or 40 nights) for the Hilton Honors program without this card. To receive compensation, cardholders need to select a qualifying airline with Amex before incurring the additional fees. All The Platinum Card® from American Express cardholders receive complimentary enrollment into Boingo’s preferred Internet plan that comprises unlimited Internet access through Wi-fi hotspots at airports throughout the world. Please note you stand eligible for 10 Gogo in-flight Internet passes. American Express added this perk for all Platinum cardholders, providing them with automatic enrollment into the Hilton Honors Gold Status.
Schwab Appreciation Bonus‡
Choose your preferred design – Platinum x Kehinde Wiley or Platinum x Julie Mehretu – and American Express will ship out your replacement Card. Your Card number will remain the same and you can continue using your current Platinum Card until you receive and activate your new Card. The Art x Platinum artistic collaborations are a natural extension of a Card that aims to inspire you every day with its wide range of unique benefits. From an artist’s canvas to yours, new and existing Card Members can choose the art that resonates the most. Whether you want to match or be different, any Additional Platinum Card added to your account can choose the Card design that suits their style, be it Platinum x Kehinde Wiley, Platinum x Julie Mehretu, or classic Platinum. As long as you can justify the annual fee, the value of the Business Platinum is exceptionally better.
Elite Status with Hilton and Marriott Bonvoy
The bulk of this card's value lies instead in its annual statement credits for specific purchases, along with automatic upgrades, premium services, exclusive access and other "soft" benefits. If you want as many premium travel perks as possible, The Platinum Card® from American Express could be the right card for you. The annual fee is high, but you get a long list of benefits such as airport lounge access, travel statement credits, complimentary hotel elite status, and more. The $695 annual fee is high, but you get a long list of benefits such as airport lounge access, travel statement credits, complimentary hotel elite status, and more. The American Express Platinum Card and the Capital One Venture X are two of the most popular travel cards on the market.
Up to $240 Digital Entertainment Credit
Another important benefit you get with your American Express Platinum card is access to the American Express Fine Hotels and Resorts (FHR) program. As a Platinum cardholder, you will also receive complimentary membership and upgrade status for several of the leading national rental car agencies. When it comes time to redeem American Express Membership Rewards points for award flights (through AmexTravel), points are worth one penny each. However, the same ticket with the Sapphire Reserve would only require 20,000 points because Chase Ultimate Rewards points can be worth up to 1.5 cents each when redeemed for award travel.
The Blue Business® Plus Credit Card from American Express
In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Breeze through security with CLEAR® Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Card. This is a better rate than many co-branded airline rewards cards that might offer two or three points.
American Express International Lounge locations will also be converted into Centurion Lounges. Typically, most folks who are approved for the Amex Platinum Card have a credit score in the good to excellent range. When you pay for a covered trip with your Amex Platinum Card, you can be covered for baggage loss or damage, up to $2,000 per person for checked bags and $3,000 per person for carry-on luggage. Amex recently made the Equinox credit more useful by making it usable toward any membership (previously was restricted to Equinox All Access, Destination, E by Equinox, or Equinox+). Equinox is a chain of high-end fitness clubs that are mostly located in large U.S. cities.
American Express Centurion Black Card Review - Fortune
American Express Centurion Black Card Review.
Posted: Fri, 26 Apr 2024 14:59:00 GMT [source]
For example, you may not want to use the Equinox credit if you use a different gym or fitness provider. However, if your authorized user charges an Equinox membership to the card, those purchases will trigger the statement credit until the $300 annual maximum is reached. It’s worth noting that American Express imposes a once-per-lifetime rule on welcome bonuses.
Amex Platinum Other Benefits
Over 150 artists have participated since its launch in the early 1970s. Other alumni include some of the most closely watched artists working today, including Kerry James Marshall, David Hammons, Simone Leigh, Njideka Akunyili Crosby, and Lauren Halsey. He was the subject of a major traveling survey that opened at the Brooklyn Museum in 2015 before heading to six other institutions across the country. In 2017, Wiley was selected by President Barack Obama to paint his official portrait, which was unveiled in 2018 and is currently on a national tour. Next month, he will open an exhibition at the National Gallery in London.
No one needs all three different variations of the Platinum card in their wallet, but there's definitely room for one or two, especially if you're in the market for a valuable welcome offer. That still exists, even though a few competitors in the luxury card category have emerged in recent years, including the Chase Sapphire Reserve® and the Capital One Venture X Rewards Credit Card. When you stack them up against one another, the Amex Platinum shines in ways the others don't.
If you value things like Centurion Lounge access, complimentary elite status with Hilton and Marriott, and extras like the annual airline fee credit, it could very well be worth paying the $695 to hold this card. But if you don't travel very often and don't think you'll be able to put the card's many benefits to use, you'll likely be better off with another of the best rewards cards—some of which have annual fees under $100. The American Express Platinum Card offers cardholders value in several ways, but the central feature setting it apart is the long list of travel and shopping credits the card offers. The table below helps summarize the net value of benefits a user might gain when taking full advantage of the value of these benefits. Note that spending money you wouldn’t already spend on these services or purchases isn’t likely to contribute to savings or net positive bonus value. NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card.
American Express’s contribution is being given in the name of Kathryn and Kenneth Chenault, two longtime patrons of the Studio Museum. The Business Platinum card has a high spending requirement of $15,000 in the first three months to earn the 120,000 points, but if your business has large expenses, a world of rewards is waiting for you. That list includes the American Express® Gold Card which offers 4x points per dollar spent at restaurants and 4x points per dollar spent at U.S. supermarkets (up to $25,000 each year and then 1x).
If you would have otherwise paid cash for a luxury hotel stay, this perk can effectively shave $200 off your annual fee cost. As one of the market’s best luxury and travel credit cards, the American Express Platinum ranks well on lists of the best credit cards for various uses across our site. Once considered “the” premium travel card, The Platinum Card® from American Express aims to reposition itself as a flashy premium lifestyle card, overflowing with upscale benefits, for those who don’t mind an over-the-top annual fee of $695. The $200 annual credit for airline fees and incidentals was a great deal at one time, but the competition has improved on it. The $300 travel credit on the Capital One Venture X Rewards Credit Card is much more flexible. And even more flexible, the Chase Sapphire Reserve® offers $300 a year in credit for any travel expense — not just incidental fees and not just through a travel portal.
Here are the best American Express cards, no matter what kind of consumer you are - CNBC
Here are the best American Express cards, no matter what kind of consumer you are.
Posted: Tue, 23 Apr 2024 07:00:00 GMT [source]
But if you won't be able to make use of many of the annual credits that come with the card, it may not make sense for you. The company also said that it would give $1 million to the Studio Museum to help the institution continue supporting artists of African descent throughout their careers. That gift is part of a larger initiative by the credit card company to allocate $1 billion to advance diversity, equity, and inclusion priorities.
In addition, you'll still receive perks such as complimentary elite status with Marriott Bonvoy and Hilton Honors, cellphone protection, trip delay/cancellation coverage and much, much more. The Amex Platinum Card comes with a welcome offer of 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new card in your first six months of card membership. Based on our rewards program valuations, the current welcome bonus is worth about $1,440, which alone makes up for more than two years of the annual fee.
If you travel frequently and want to do so in style, this card deserves a place in your wallet. But for anyone outside of a specific profile—an urban fitness buff who loves luxury shopping and craves high rewards on flights and prepaid hotels—it may take some effort to justify the $695 annual fee. For comparison, the American ExpressⓇ Business Gold card currently has a welcome offer of 70,000 Membership Rewards points after spending $10,000 in the first three months of card membership, worth $1,400.
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