The Amex Platinum Card: Full Review [2025]

Great Card If

• You travel often enough to take advantage of the travel perks.
• You can use the annual credits (airline incidental fees, Saks Fifth Avenue, lululemon, prepaid hotels) and monthly credits (Uber, Equinox, digital entertainment).
• You want global complimentary airport lounge access.
• You want hotel elite status.
• You want a luxury card with luxury benefits.

Don’t Get If

• You don’t travel often.
• You aren’t interested in the perks and credits.
• You prefer a card with more bonus categories.

Amex Platinum Card: Is It Worth the Yearly Fee?

The Amex Platinum card is well worth it for frequent travelers who want luxury travel and lifestyle perks and who can regularly take advantage of the card’s premium benefits.

When you combine best-in-class airport lounge access with 5x earnings on airfare (up to $500,000 per year) and prepaid hotels booked with AmexTravel.com, elite hotel status (Hilton Honors, Leaders Club, and Marriott Bonvoy upon enrollment), and access to Amex’s Fine Hotel + Resorts program, you’ve got a package that makes for one of the best travel cards.

While the annual fee might initially give you pause, the math starts to come out in your favor when you consider the bevy of credits that come with the card. Virtually every card benefit is tailored toward enhancing your travel experiences, making it a perfect complement for any traveler looking to upgrade their travels.

Many cardholders don’t use every perk of the Amex Platinum card, but you can easily offset the annual fee with the up-to-$200 airline incidental credit, up-to-$600 hotel credit, up-to-$300 digital entertainment credit, up-to-$400 Resy credit, up-to-$200 in Uber Cash, up-to-$120 Uber One credit, up-to-$300 lululemon credit, and up-to-$209 annual CLEAR credit … many of which are new or updated credits!

When you add perks like airport lounge access, various elite statuses, and travel protections, it’s easy to see why the Amex Platinum card could earn a permanent place in your wallet. Remember to enroll in all your card’s benefits to max out the value you receive from your card.

What Benefits Do You Get With the Amex Platinum Card?

Annual Credits

One of the easiest ways to determine how worthwhile the Amex Platinum card would be to you is to consider the value you’d get from the card’s annual credits, and whether or not that figure exceeds the annual fee. These credits include:

• Up to $200 in airline incidental credit (good toward expenses such as baggage and seat selection fees)
• Up to $400 in Resy credit (up to $100 per quarter) *NEW BENEFIT*
• Up to $200 in Uber Cash ($15 per month, plus an additional $20 in December)
• Up to $120 in Uber One credit *NEW BENEFIT*
• Up to $300 in digital entertainment credit (up to $25 per month) *UPDATED BENEFIT*
• Up to $600 in prepaid hotel credit, with up to $300 between January and June and $300 between July and December, on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which require a minimum 2-night stay, through AmexTravel.com *UPDATED BENEFIT*
• Up to $155 in Walmart+ credit (with free same-day delivery and free shipping on orders)
• Up to $300 in Equinox credit annually
• Up to $300 in lululemon credit (up to $75 per quarter) *NEW BENEFIT*
• Up to $100 in Saks Fifth Avenue credit ($50 from January to June and $50 from July to December)
• Up to $209 in CLEAR Plus credit *UPDATED BENEFIT*
• $200 for an Oura Ring credit (one-time and only applies to the ring product, not the monthly subscription) *NEW BENEFIT*

Some credits require enrollment, so be sure to explore your American Express account to make the most of your card.

Lounge Access

One of the card’s best benefits is the airport lounge access level that it offers via the American Express Global Lounge Collection.

Not only do you get access to Priority Pass select lounges that many other premium credit cards offer, but you also get access to swanky Centurion Lounges (in the U.S. and abroad), Escape Lounges – The Centurion Studio Partner, Plaza Premium Lounges, Airspace Lounge, select Virgin Clubhouses, select Lufthansa lounges when flying with Lufthansa Group the same day, and Delta Sky Clubs when flying with Delta the same day.

It’s important to note that lounges may have their own rules, like additional access rules and guest fees, and for Priority Pass Select, you need to enroll. There are unlimited airport lounge visits for cardholders. With Delta Sky Club Access, cardmembers receive 10 visits to the Delta Sky Club to be used from February 1 until January 31 of the next calendar year and can unlock unlimited Delta Sky Club access by spending $75,000 in eligible purchases in a calendar year.

No matter what airport you find yourself in, you should almost always have a lounge that you can kick back and relax in thanks to your Amex Platinum card, making it one of the best credit cards with lounge access.

Upgraded Points Senior Content Contributor Katie Seemann had this to say about the lounge access offered with the Amex Platinum card:

“One of the main reasons I keep the Amex Platinum card in my wallet is for the lounge access. Of course, I love Centurion Lounges, but I value access to Escape Lounges more. That’s because the only lounge at my home airport is an Escape Lounge, so it’s what I use every single time I fly. Knowing I have a quiet place to wait for my flight with complimentary food and drinks is a perk that makes my travel day so much more enjoyable.”

Katie Seemann, senior content contributor

Hotel Elite Status

Cardholders get an automatic boost to Hilton Honors Gold status, Leaders Club Sterling status (new benefit!), and Marriott Bonvoy Gold Elite status within each program upon enrollment.

Each status level helps you earn extra points on stays, space-available room upgrades, late checkout if available, and much more.

Rental Car Elite Status

If you regularly rent cars while traveling, you should love that the Amex Platinum card gets you automatic National Emerald Club Executive status, along with Avis Preferred Plus status and Hertz Gold Plus Reards President’s Circle status and benefits upon enrollment.

Perks from each company include, but aren’t limited to, vehicle upgrades, discounts, expedited pickup lanes, and convenient drop-off locations.

Travel Protections

If anything goes wrong during your travels, your Amex Platinum card keeps you covered with the following travel insurance benefits:

• Trip delay insurance: Get reimbursed for up to $500 per ticket in covered expenses if your flight is delayed by 6 hours or requires an overnight stay. This includes lodging and food.
• Trip cancellation and interruption insurance: If you need to cancel a trip for a covered cause, like severe weather, you receive a reimbursement of up to $10,000 per trip, and $20,000 per year, towards nonrefundable travel expenses if you need to cancel your trip or end it early.
• Rental car insurance: Your card gives you secondary rental car insurance, which covers up to $75,000 toward accidental damage or theft of the vehicle.
• Baggage insurance: If your baggage is lost or damaged while in transit with the carrier, you’re covered for up to $2,000 toward checked baggage and $3,000 toward carry-on baggage.

Consumer Protections

The Amex Platinum card doesn’t just offer travel protections. You’re also covered with the following consumer protections:

• Cell phone insurance: Receive coverage for accidental damage caused to your cell phone, with up to $800 in coverage, up to 2 times per year, with a $50 deductible.
• Purchase protection: If an item you’ve purchased gets stolen, accidentally damaged, or lost within 90 days of purchase, you’re covered for up to $10,000 per item and $50,000 per year.
• Return protection: If you try to return an item within 90 days of purchase and the merchant won’t accept it, you can be refunded by Amex for up to $300 per item and up to $1,000 per year.
• Extended warranty coverage: This protection adds 1 year of extended warranty coverage to standard warranties that are 5 years or less.

Hot Tip:

Purchase protection recently came in handy for me when one of my AirPods Pro earbuds stopped working. The replacement was going to set me back $89, but since I’d purchased the AirPods with my Amex Platinum card, I submitted a claim to Amex and the full $89 was refunded back to me as a statement credit.

What Is the Annual Fee on the Amex Platinum Card?

The annual fee for the Amex Platinum card is $895 (rates & fees). While this is one of the highest annual fees on the market for travel rewards cards, many cardholders find it helpful to think of it as prepaying for perks that would have cost you far more otherwise.

For instance, if you often take Uber or order Uber Eats, then you are likely to get a lot of value out of the Uber Cash and Uber One credit. The same goes for the digital entertainment credit, airline incidental credit, prepaid hotel credit, Resy credit, and so on.

Additionally, if having airport lounge access saves you from having to purchase food and drinks at the airport, or if having hotel elite status saves you from needing to purchase breakfast at the hotel, then each of these instances adds up to increase the overall value that the card provides for you.

Best Ways To Earn and Redeem Your Amex Points

Aside from using your card for everyday purchases, you should learn how to earn as many Amex points as possible. Fortunately, we have a comprehensive guide covering all the best ways to earn Amex Membership Rewards points.

From there, you should learn about all the best ways to redeem your Amex points. This will help you start traveling like a pro while getting huge value out of your hard-earned points.

Some of our favorite ways to redeem Amex Membership Rewards points include utilizing select Amex transfer partners to book business and first class tickets for a mere fraction of the typical cash price!

In fact, team members at Upgraded Points have used their Amex Membership Rewards points to book incredible products, including Lufthansa first class, Virgin Atlantic Upper Class, ANA first class suites, and Cathay Pacific business class.

If this sounds like the right credit card for you, take a look at this fantastic Amex Platinum card offer and be sure to read our guide to find out all you need to know about making an American Express credit card application.

Alternative Cards to the Amex Platinum Card

Chase Sapphire Reserve^®

The Chase Sapphire Reserve card offers 3x points on all dining purchases worldwide. Combine that with a $300 travel credit, up-to-$500 credit for The Edit, up-to-$300 dining credit, up-to-$300 annual StubHub credit, and access to Chase Sapphire lounge and Priority Pass lounges, and it makes for a compelling option.

While the Chase Sapphire Reserve card doesn’t feature nearly the level of elite benefits that the Amex Platinum card does, this could be good if you’re after a more well-rounded travel card.

Check out our head-to-head comparison of the Amex Platinum card vs. the Chase Sapphire Reserve card.

Capital One Venture X Rewards Credit Card

If you prefer a premium rewards card that offers airport lounge access at a lower annual fee, then the Capital One Venture X card could be a perfect option.

With its $395 annual fee, you’ll get access to over 1,300 lounges, including Capital One Lounges and Priority Pass lounges (after enrollment), a 10,000-mile anniversary bonus starting on your first anniversary, an up to $300 annual Capital One Travel credit, and more.

The card earns 10x miles on hotels and rental cars booked through Capital One Travel, 5x miles on flights and vacation rentals booked through Capital One Travel, and 2x miles on all other purchases.

Which card is right for you? See our detailed comparison of the Amex Platinum card vs. the Capital One Venture X card.

Amex Platinum Card: Should You Get This Card?

There’s a reason why the Amex Platinum card regularly ranks as one of the best credit cards. The Amex Platinum card is easily worth it for anyone who can get more value out of the card than what the annual fee charges. For many, this isn’t as difficult as it might seem thanks to its $2,500 or more in annual credits, airport lounge access, complimentary hotel and rental car elite status, travel protections, and so on.

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We’ve also compared the Amex Platinum card to several other popular cards:

• Amex Platinum card vs. American Express^® Gold Card
• Amex Platinum card vs. Blue Cash Preferred^® Card from American Express
• Amex Platinum card vs. The Business Platinum Card^® from American Express
• Amex Platinum card vs. Capital One Venture Rewards Credit Card
• Amex Platinum card vs. Chase Sapphire Preferred^® Card
• Amex Platinum card vs. Delta SkyMiles^® Platinum American Express Card
• Amex Platinum card vs. Delta SkyMiles^® Reserve American Express Card
• Amex Platinum card vs. Marriott Bonvoy Brilliant^® American Express^® Card
• Amex Platinum card vs. Mastercard^® Black Card™

If you currently have the Amex Gold card but are interested in the Amex Platinum card, we recommend you take a look at this Amex Platinum card upgrade offer.

UP’s Card Review Methodology

Every card we review is assigned a "U.P. Rating" – our star-based system that encompasses all the key details to showcase a card’s standout features, where it falls short, and how it stacks up for travelers to maximize rewards.

These ratings range from 0 to 5 stars and are determined by carefully weighing crucial factors like:

• Bonus categories
• Benefits and perks
• Quality of associated loyalty programs
• Annual fees and other costs
• Size of the welcome bonus (and relative to the annual fee)
• And several more

You can learn more about how Upgraded Points reviews and rates credit cards.

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For the trip delay insurance benefit of the Platinum Card^® from American Express, up to $500 per covered trip that is delayed for more than 6 hours; and 2 claims per eligible card per 12 consecutive month period. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the trip cancellation and interruption insurance benefit of the Platinum Card^® from American Express, the maximum benefit amount for trip cancellation and interruption insurance is $10,000 per covered trip and $20,000 per eligible card per 12 consecutive month period. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the car rental loss and damage insurance benefit of the Platinum Card^® from American Express, car rental loss and damage insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the commercial car rental company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. geographic restrictions apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

For the baggage insurance plan benefit of the Platinum Card^® from American Express, baggage insurance plan coverage can be in effect for covered persons for eligible lost, damaged, or stolen baggage during their travel on a common carrier vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one-way or round-trip) is charged to an eligible card. Coverage can be provided for up to $2,000 for checked baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the common carrier. The coverage is also subject to a $3,000 aggregate limit per covered trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each covered person with a $10,000 aggregate maximum for all covered persons per covered trip. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the cell phone protection benefit of the Platinum Card^® from American Express, coverage for a stolen or damaged eligible cellular wireless telephone is subject to the terms, conditions, exclusions and limits of liability of this benefit. The maximum liability is $800, per claim, per eligible card account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per eligible card account per 12 month period. Eligibility and benefit level varies by Card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the purchase protection benefit of the Platinum Card^® from American Express, purchase protection is an embedded benefit of your card membership and requires no enrollment. It can help protect covered purchases made on your eligible card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the covered purchase date. The coverage is limited up to $10,000 per occurrence, up to $50,000 per card member account per calendar year. Coverage limits apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the return protection benefit of the Platinum Card^® from American Express, with return protection, you may return eligible purchases to American Express if the seller won’t take them back up to 90 days from the date of purchase. American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express^® Card. Purchases must be made in the U.S. or its territories. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details.

For the extended warranty benefit of the Platinum Card^® from American Express, when an American Express^® card member charges a covered purchase to an eligible card, extended warranty can provide up to one extra year added to the original manufacturer’s warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your card for the item up to a maximum of $10,000; not to exceed $50,000 per card member account per calendar year. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.