Is American Express Platnium Conservative Service Any Good
11 Amex Platinum benefits that volition relieve you lot $one,150 per yr (AFTER paying the annual fee)
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The Platinum Card® from American Limited comes with 75,000 Amex points afterwards y'all spend $5,000 on purchases within the first 6 months of business relationship opening. That's worth so much in travel, and one of the biggest no-brainer travel credit card bonuses of the year.
But Amex has added to that the ability to earn 10 Amex points per dollar at U.Southward. supermarkets and U.S. gas stations for up to $15,000 in combined eligible spending in the first six months you have the carte du jour (then 1 point per dollar).
Practise you lot know what that means??
If you notice some fashion to spend $fifteen,000 in the first vi months (it'due south not actually as difficult equally you think), yous could end up with up to 225,000 Amex points. That's enough for ii circular-trip first class flights to Nippon, which will save y'all a proficient $30,000 (read our post on the best ways to use Amex points).
But here'southward perhaps the best news. If you travel even a few times per yr, the Amex Platinum can save you up to $1,200 per year in benefits and statement credits lonely — even after paying the $550 annual fee (see rates & fees).
Here are 11 benefits that make this card worth keeping year after twelvemonth.
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Amex Platinum benefits and perks
$200 in United Airlines airfare
Conservative annual value: $200
When yous open a card like the Amex Platinum, you get the opportunity to choose the airline you similar to fly the well-nigh. Y'all'll then get up to $200 in annual credits for incidental fees on that airline.
And so what'southward that hateful? You can become a up to $200 for expenses such as:
- Checked baggage fees (including overweight/oversize)
- Itinerary change fees
- Pet flight fees
- Seat consignment fees
- Food and alcohol during your flying
- Airport lounge day passes and almanac memberships
- United TravelBank funding
That United TravelBank one is definitely the well-nigh enticing of all. You lot tin can employ your Amex Platinum to fund your United TravelBank (basically credit that yous can utilise to buy United Airlines tickets) to substantially become $200 in United money.
And get this — you'll receive the $200 airline credit each calendar year. That means if y'all open up the card in 2020, you lot'll get a $200 credit. And once Jan 2021 rolls around, you'll go another credit. That's $400 in credits for the offset year you have the card!
$200 in nutrient
Conservative annual value: $200
The Amex Platinum comes with up to $200 per calendar year in Uber credits (for use in the U.Southward.), but they're doled out a fiddling funkily:
- $15 credit each month from January to Nov
- $35 credit in December
Don't think y'all'll apply the Uber credits on rides? You can utilize it for Uber Eats, instead. That'south up to $200 in Uber Eats food each twelvemonth.
Additionally, the Amex Platinum volition now receive a gratis Uber Eats Laissez passer membership. Uber Eats Pass is Uber's food delivery subscription service that offers benefits like waived commitment fees at eligible restaurants and 5% off Uber Eats orders of $15 or more (taxes and fees may apply and exercise no count toward order minimum). An annual membership normally costs $119, but cardholders will receive this free do good for 12 months upon enrolling. You'll accept to enroll your card past Dec. 31, 2021.
Expedited airport security
Bourgeois annual value: $25
The Amex Platinum comes with a statement credit every four years that volition completely outset your application fee for Global Entry or TSA PreCheck. This is perfect because membership to both of these programs lasts five years. Yous'd otherwise pay:
- up to $100 for Global Entry
- up to $85 for TSA PreCheck
TSA PreCheck lets you keep your shoes, belt, and low-cal jacket on when going through domestic security checkpoints. You tin can even keep your toiletries and laptop in your purse! It's a huge timesaver.
Global Entry allows you to enter back into the U.S. without having to stand in the clearing line. Just find a Global Entry kiosk, put your hand on the fingerprint scanner, look into the security camera and you'll be on your mode. Oh, and Global Entry comes with a complimentary TSA PreCheck membership.
As y'all can see, Global Entry is the far superior membership.
You can earn a credit for the application fee for either Global Entry (up to $100 in one case every four years) or TSA PreCheck ($85 once every four-and-a-half years). Because you lot get the credit every iv years, this gives yous a $25 value per twelvemonth. But time is money, so y'all'll exist saving a lot more than that.
The best airport lounge access
Conservative annual value: $300
Aerodrome lounges are more than just tranquil oases from the noisy bustling terminal. They almost always accept gratuitous alcohol (pour information technology yourself!), snacks, even hot food. Some take showers, some have beds and they all have loads of comfy seats with nearby electrical outlets.
The Amex Platinum gives yous access to the best lounges of whatsoever card on the market place. Some lounges will requite you total sit-downwardly meals, premium spirits, fifty-fifty wine tastings and whiskey flights.
You'll become unlimited airport lounge access to 1,300+ lounges worldwide with networks such as:
- Priority Pass (yous'll observe them almost everywhere)
- Centurion Lounges (widely considered the all-time domestic lounges bachelor)
- Delta Heaven Society (when flying Delta)
- Escape Lounges
- Airspace Lounges
With virtually of these programs, you can also bring in 2 guests. Solar day passes with many of these lounges sell for around $60 each. That ways if you and your partner desire to admission a lounge, yous'll pay $120 per visit. Assuming you visit iii lounges per year, you'll become plenty of value from this perk
VIP treatment at luxury hotels
Conservative annual value: $250
If y'all want your hotels to think you lot're as large of a deal as you think you are, you've gotta book through Amex Fine Hotels & Resorts. When you reserve your stay through this site, yous'll get actress benefits such as:
- Early on check-in
- Guaranteed 4 p.1000. belatedly checkout
- room upgrades when available
- free breakfast
- free parking
- $100 food and beverage credits
- $100 spa credits
- Third nighttime free
You lot can read most Meghan's incredible stay at the Loews Regency San Francisco and how booking through Amex Fine Hotels & Resorts saved her $650. Even though these bookings are processed through a third political party, as long as yous don't prepay for your stay, you should exist able to earn hotel points and elite benefits for Amex Fine Hotels & Resorts' stays.
You'll as well get to access The Hotel Collection, which offers room upgrades and up to $100 in hotel credits. You must stay two or more nights and tin can book your stay through the American Express Travel portal at amextravel.com or by phone at 800-297-2977.
Coupons on steroids
Conservative almanac value: $300
Amex Offers are basically super coupons that you can add to your Amex Platinum (or any Amex card, to exist fair). Yous'll detect yourself saving $20 or $thirty a popular, in many cases. You'll save on everyday purchases like Amazon, groceries, dining, clothing, travel, etc. They are targeted, then different cardholders will have different offers.
They're actually better than coupons for a couple of reasons:
- They are given to y'all as argument credits after your purchase. In other words, you'll earn points for the total price, and get the credits after. An offering will trigger automatically once you've satisfied its terms
- Amex handles the statement credits, which ways y'all tin add other coupon codes or promo codes at checkout and stack them both. You can even go through online shopping portals
- You'll nevertheless earn points from Amex on the buy likewise.
My wife and I have saved $634 this yr with Amex Offers. And we would take saved hundreds more were it not for coronavirus, as in that location was some extremely generous travel offers that we couldn't utilise. Amex
$100 in Saks 5th Artery credits
Conservative annual value: $100
I hate this credit profoundly and wrestled with the decision to even include information technology. The Amex Platinum gives you upwardly to $50 in Saks 5th Avenue credit from January to June, and another $fifty credit from July to Dec.
If you're office of the 1% that shops at Saks Fifth Artery, bask this credit. For the rest of us, this is a toughie to utilize. Saks gift cards reportedly won't trigger the credit. If you buy something and render information technology, Amex has been known to snatch back their credit.
Your best bet may be to purchase something and return it for store credit. At least then you can allow your balance to accrue, and brand a lavish purchase at a later engagement. At worst, you tin use the credit to buy a gift or stocking stuffer for a friend or loved i.
You can likewise shop through a shopping portal and earn some extra points on the buy, plus stack it with Amex offers that constantly seem to appear.
Gold aristocracy condition with Hilton and Marriott
Conservative annual value: $fifty
Gold elite status is worth much more than than $50, just the fact that you can earn it so easily with other hotel credit cards made me arrange this perk's value for the Amex Platinum.
The card gives you Gold elite status with Hilton and Marriott, which offers (depending on where you stay) benefits like:
- Free breakfast (Hilton hotels only)
- Upgrades to bigger rooms where available
- Belatedly checkout
- Better rooms (views, higher floors, etc.)
- More points for paid stays
The benefits actually will vary greatly by property. When my wife and I visited the Maldives, I had merely earned Platinum status hours before checking in. Upon inflow, they greeted me and informed us that as Gold elite members, we would be upgraded to a suite that costs $500+ more than per night.
Rental-automobile elite status
Bourgeois annual value: $50
As an Amex Platinum cardholder, you're eligible for the following elite status:
- Hertz Golden Plus Rewards
- National Executive Club
- Avis Preferred
In my experience, you lot'll receive some sort of incremental upgrade four out of v times you lot rent a automobile. With National, where you tin cull your ain car once yous get in, you'll take access to a higher-tiered pool of cars, chosen the Executive Aisle.
Y'all'll too earn points faster, which can quickly translate into a free rental solar day. Read our mail on how to relieve on car rentals for more than.
Travel insurance, purchase protection and Platinum Concierge
Bourgeois annual value: $200
You lot'll become a whole suite of protections with your Amex carte du jour membership:
- Car rental loss and harm insurance
- Extended warranty
- Purchase protection
- Return protection
- Baggage insurance plan
- Premium Global Help hotline (includes medical evacuation insurance)
- Trip counterfoil/interruption insurance
- Trip delay coverage
You lot may never need these benefits, simply they tin exist lifesavers if y'all do. I've saved over $1,000 from trip delay insurance alone in the past few times my flights accept been delayed or canceled. Amex will pay for your food, your hotel, even wear and toiletries if you need them! While you may not get a value of $200 per year from these benefits, you won't take to spend money insuring your trip at the airline's checkout screen.
Another user-friendly (and fourth dimension-saving) perk is admission to the Amex Platinum Concierge, which can help yous book hard-to-get eating place reservations or concert tickets, or assist with requests like finding the correct venue for a coming together. Here's more about all the tasks you can outsource to the Amex Platinum Concierge.
Free 2-solar day aircraft and returns
Conservative almanac value: $25
ShopRunner is a membership that basically gives y'all that Amazon Prime number two-day delivery for 100+ retail stores. You lot'll even go gratuitous returns! Participating stores include:
- Peet's Coffee
- Bloomingdale'southward
- Under Armour
- American Hawkeye
- NFL Shop
- bareMinerals
- Saks Fifth Avenue
- Lenovo
ShopRunner comes costless with the Amex Platinum. And while an almanac membership ordinarily costs $79, I would not personally pay $79 per year for the thing — hence our lower estimated value. If you order rushed commitment three or iv times per twelvemonth from participating stores, this do good will save you money.
Almanac value: $1,700
Subsequently adding up the (conservative) value of all the perks, you should be able to get $one,700 in value from the Amex Platinum's benefits.
That's non to mention the 75,000 point welcome bonus and 10x points on gas and grocery for the first six months. You could easily stop up with nearly 200,000 points after your first year. That'southward worth $iii,400 co-ordinate to our points valuations.
The American Limited Travel portal lets yous redeem your points for airfare at a rate of 1 cent per indicate. So the welcome bonus is worth at blank minimum $750 and potentially much more if you transfer information technology to one of the Amex transfer partners.
You lot'll also earn Amex points at the following rates (terms apply):
- 5x Amex Membership Rewards points on airfare (booked either direct with the airline or booked with American Express Travel). Starting January. 1, 2021, earn 5x points on upwards to $500,000 spent on these purchases per calendar year.
- 5x Amex Membership Rewards points on prepaid hotels booked with American Express Travel.
- 1x Amex Membership Rewards point on everything else
In that location's a $550 annual fee (see rates and fees). If you can make the near of these incredible perks, y'all'll offset the annual fee and likely come out ahead. Here'due south our full review of the American Express Platinum.
Lesser line
The Amex Platinum card comes with a generous welcome bonus of 75,000 Amex Membership Rewards points afterwards spending $5,000 on purchases within the beginning vi months of opening your business relationship. You'll also become 10x points when spending at U.South. supermarkets and U.South. gas stations for the commencement six months of card membership for up to $15,000 in combined eligible spending. The intro bonus solitary is enough to justify paying the $550 annual fee. You can e'er downgrade or cancel the card afterward a year if you don't find the benefits useful.
Simply remember, the excellent benefits and perks are why many people keep this menu in their wallet. You lot'll become up to $i,700 in value from the benefits each twelvemonth (conservatively), which offsets the $550 annual fee. and leaves you with $i,150 in value.
In brief, you'll get (Terms Utilize):
- Free food and drinks and a comfortable place to relax at airdrome lounges
- Room upgrades and nutrient credits through Amex Fine Hotels & Resorts
- Discounts with Amex Offers
- Elite status with hotels and rental automobile agencies
- Up to $200 annual airline fee credit
- Up to $200 annual Uber credit
- Free travel protections and purchase protections
- And more
Enrollment required for select benefits.
Y'all can apply for the Amex Platinum here.
Conservative annual value is based on MMS valuation and not provided by the issuer.
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For rates and fees of the Amex Platinum Card, click here.
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Is American Express Platnium Conservative Service Any Good,
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