But aside from the benefits, be sure to evaluate your own spending prior to applying. Allan Halcrowis a freelance writer concentrating in business, human resources, and diversity and inclusion. 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. So, if you stay fewer nights, youll likely get less value from the status. Earn 5X Membership Rewards points on flights and prepaid hotels on amextravel.com and 1X points for each dollar you spend on eligible purchases. Plus, your own feed of TPG content. 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. The value of this benefit depends on how frequently youd use the Platinum Card to book eligible airfare and prepaid hotels. Amex Platinum Quick Facts. However, note that these figures are based on earning status the regular way through nights and stays and leveraging those benefits on those nights and stays. If your application is not approved for those options, you may have to choose between the annual fee or doing without a card. 2022 SELECT | All rights reserved. Clear lets you use biometric kiosks for identification purposes so you can skip the TSA agent shuffling through other travelers' identification and head straight to the baggage security line. If you do use these services, as well as other perks that the card offers, you can easily offset the cost of the annual fee. Some offers are no longer available. That's enough to give almost anyone sticker shock. Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. This is one of the most basic, yet still confusing (to some), benefits of the Amex Platinum Card. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Our points-obsessed staff uses a plethora of credit cards on a daily basis. (Enrollment is required for select benefits.). However, a $695 annual fee is an eye-popping figure for many that can lead some to question the value. You will receive access to the American Express Global Lounge Collection, which includes: Priority Pass membership, Delta Sky Club access and Centurion lounges. For 12 months, you can get a 2.99% introductory APR on all borrowing. Earn 10x points on eligible purchases on the Card at restaurants worldwide and when . DEXSTA's VISA Platinum is just that type of card. Thinking of getting 1 charge card. After all, you could always downgrade to Amex Platinum to a lower-fee card later on. Related: How to make sure youre getting your Amex Platinum Uber credits. Save my name, email, and website in this browser for the next time I comment. To be eligible, you must enroll in ShopRunner and use your Amex card for purchases through ShopRunner. Read more in TPGs full guide on the Fine Hotels + Resorts Program. Bank of America Cash Rewards - 8,000. By providing my email I agree to receive Forbes Advisor promotions, offers and additional Forbes Marketplace services. If you're considering the Amex Platinum, it could be worth it for the first year, and then reevaluate when the second annual fee posts. I'm interested in getting the Amex Platinum card with waived annual fees for military on my active duty tour. Youll also receive a complimentary Priority Pass Select lounge membership, which gives you access to over 1,300 airport lounges around the world. For example, if you dont use Equinox, Uber and Clear, thats over $600 worth of perks that you would not use, which could make the card not worth it to you. 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. That said, maximizing each and every one of them requires an "extreme couponing" mindset that many cardmembers might not be able to muster. Terms, Conditions and Limitations Apply. When you pay for your eligible Equinox membership or the Equinox+ fitness app, youll receive up to $300 in statement credits each year. Do the Math! Almost S$2,000 for a credit card may seem expensive, but looking at the price tag alone does not tell you the value of an item. The Platinum Card also gets cardholders into Delta Sky Clubs on same-day flights operated by Delta and its partner airlines. The card also earns 5 points per dollar on airfare booked directly with airlines or at Amex Travel on up to $500,000 and is offering a welcome bonus of 100,000 Membership Rewards points if you spend $6,000 in the first six months of card membership. Related: At home or at the gym: The best credit cards to maximize your next workout. It's harder to put a price on airline lounge access and elite status with Hilton and Marriott. Earn 120,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first 3 months of card membership. Please visit americanexpress.com/benefitsguide for more details. Now, the card has more statement credits than ever before, with opportunities to earn credits for purchases like airline incidental fees, hotel reservations and even subscriptions to digital entertainment services. A: No, American Express does not charge an annual fee immediately. A final point on the math: Dont forget to consider interest charges. Those points are worth up to $750 for travel when booking through Chase and the card carries an annual fee of only $95. Adding Card Members to your account can be a great way to maximize points-earning potential and extend benefits to those you care about. Eligibility and Benefit level varies by Card. 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. 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. For example, the Platinum Card offers the following elevated credits and benefits: For more on the Offer & Benefit Terms listed above, click here. Though rental car perks are hard to quantify, the conveniences, discounts and time-saving benefits like guaranteed availability and return grace periods can be invaluable especially with recent shortages. Same Service, No Annual Fee. It is offering a welcome offer of 60,000 points when you spend $4,000 on eligible purchases within six months of card membership, and earns 4 points per dollar on dining and at U.S. supermarkets (up to $25,000 per calendar year, then 1 point per dollar), as well as 3 points per dollar on airfare booked directly with airlines or through Amex Travel and 1 point on everything else. I was told by CS that the Amex Ascend fee does not get included in the one annual fee policy - asked them to check multiple times and just stopped short of saying . 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. They include an annual airline fee credit, an annual hotel credit, annual credits for Equinox, digital entertainment and Clear, monthly Uber cash, a bi-annual Saks credit and an every-four-years Global Entry or TSA PreCheck credit. There are strong arguments in favor of the card, such as an impressive roster of 17 airline and three hotel transfer partners including British Airways and Delta, extensive airport lounge access perks, a Global Entry or TSA PreCheck application fee waiver every four years (up to $100), an annual airline fee credit, Uber credits, medical evacuation travel protection, travel insurance and more. All of this is on top of the many perks Platinum has been known for, including 5X Membership Rewards points on flights and prepaid hotels and several benefits and credits, including: Platinum goes the extra mile to replace lifes hassles with everyday adventure through perks and services like access to the Global Lounge Collection, including the recently expanded Centurion Network of Lounges and Studios, so you can travel in comfort. Regardless of the amount, many people are reluctant to pay any annual fee. 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. We do not cover every offer on the market. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases. Whats more, Additional Card Members will receive benefits including but not limited to Global Entry or TSA Pre fee credits. The Capital One Venture card is a flexible travel rewards credit card that earns 2 Capital One Venture miles per dollar on all purchases. Hi, I'm in the HPSP program where I can go from IRR to active duty status for 45 days per year. For instance, if you opened a card on April 5, 2020, you can expect to . Although the card underwent a major revamp last year and added several new features, some consumers are wondering whether a travel card like the Amex Platinum is right for them, especially during a time of inflation. For example, suppose you have poor credit. Complimentary memberships in Hertz Gold Plus Rewards, Avis Preferred and National Car Rental Emerald Club Executive. You will get $20 back each month for one or more of the following services: Peacock, The New York Times, Audible, Sirius XM, Hulu, ESPN, The Disney Bundle, Disney+ (enrollment required). 7 Factors to Consider When Comparing Credit Cards. 3 weeks ago Seth. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. On cards designed for people with no credit or poor credit who therefore pose a greater risk of defaulting on payments. However, this depends on you leveraging each credit to its maximum. 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. The primary Card Member is responsible for all spending activity and must pay for all charges made by Additional Card Members. We'd love to hear from you, please enter your comments. 2023 American Express. At the same time, the Platinum Card can help you get access to over $1,500 value in benefits. Like all American Express Cards, the Platinum Card allows you to add Additional Card Members, commonly known as authorized users, to your account. Most people will need to pay the $695 annual fee on The Platinum Card from American Express in full each year. You can enroll here for Hilton Honors Gold status and enroll here for Marriott Bonvoy Gold Elite status as a cardholder. Please visit americanexpress.com/benefitsguide for more details. The card, previously clocking in at a $550 annual fee, will be hiking its price to almost $700. Why Do Some Credit Cards Have Annual Fees?. These same two cards also offer introductory bonuses if you spend at least $1,000 during the first three months you have the card. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. 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. The Platinum Card from American Express, 17 airline and three hotel transfer partners, $200 annual airline fee statement credits, Global Entry or an $85 fee credit for TSA PreCheck, American Express Global Lounge Collection, Gold Elite status in the Marriott Bonvoy program, purchase airline gift cards to use toward tickets, How to make sure youre getting your Amex Platinum Uber credits, enroll your Amex Platinum Card for this benefit to take effect, Your guide to the Amex Platinum Saks Fifth Avenue credit, Key things to know before getting Global Entry, How the Amex Platinum card easily saved me $200 on a one-night hotel stay. 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). 2023 American Express. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. To decide whether its worthwhile opening the card and keeping it, you will need to look at its ongoing qualities and how much value youre likely to reap from them. interest rate. Benefits include a $300 annual Capital One Travel credit, airport lounge access and a large welcome bonus. It currently has a 60,000-point welcome bonus which you'll earn after spending $4,000 in the first three months of card membership. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. Please visit americanexpress.com/benefitsguide for more details. For example, if you already paying for an Equinox or New York Times subscription, then those are valuable benefits. Among this card's newer perks is up to $155 in annual statement credits toward the cost of a monthly Walmart+ membership. Next, consider the Platinum Cards benefits, such as earning 5 Membership Rewards per dollar on select airfare and hotel purchases, extensive lounge access, excellent travel protections, elite status with Hilton and Marriott, access to the Hotel Collection and Amex Fine Hotels + Resorts booking perks and more and decide how much value these benefits can provide to you. Call AMEX member services and ask about applying for the AMEX platinum card. Please view our advertising policy page for more information. However, it still does not include baggage delay reimbursement. Complimentary Marriott Bonvoy Gold Elite status. Underwritten by AMEX Assurance Company. $695 annual fee . They include an annual airline fee credit, an annual hotel credit, annual credits for Equinox, digital entertainment and Clear, monthly Uber cash, a bi-annual Saks credit and an every-four-years Global Entry or TSA PreCheck credit. For example, lets consider two cash back rewards cards offered by the same company. Here is a list of the benefits you will receive in your first year of card membership: With over $3,500 in potential value, it's easy to justify having the American Express Platinum Card for one year even with a nearly $700 annual fee. Yes, there are some no annual fee credit cards designed for people in this situation. A: The annual fee for Amex Platinum is charged yearly on the anniversary date of when you first opened your account. The cardholder must be traveling, but that traveler can purchase up to eight tickets on the same reservation with participating airlines. Heres what you need to know to decide whether this card is worth it to you. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The Platinum Card from American Express ($695 annual fee; see rates and fees) currently offers: Enrollment is required for select benefits. Information is accurate as of the publish date. For new applicants, you'll be required to pay this new fee immediately, but existing cardholders won't have to fork over the extra cash until renewals begin in January 2022. In the right hands, the classic status card's staggering annual fee is well justified. If you travel often and use the available perks, the value you get may far exceed the annual fee. American Express will fully refund the annual fee if a cardholder cancels a credit card less than 30 days after the posting date of the read full answer How do I get a credit card annual fee waived? (Enrollment is required for Priority Pass.). This compensation comes from two main sources. While its certainly a staggering price tag, American Express is introducing a host of new perks and benefits. You can qualify for 75,000 bonus miles when you spend $4,000 within the first three months of account opening. *Eligibility and Benefit level varies by Card. All rights reserved. A Complete Guide, How to Make the Most of Travel Credit Cards, Better Mortgage Lender Review 2023: Easy Online Preapproval Experience, Limited Menu, $200 hotel credit as an annual statement credit for prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel, $240 in annual statement credits (up to $20 per month) on purchases or subscriptions with Audible, The New York Times, SiriusXM and Peacock, $300 in annual statement credits (up to $25 per month) on eligible Equinox memberships or a digital subscriptions to Equinox+, an on-demand fitness app. Instead, all other credits are shared across all Cards on the account. Here's what you need to know to decide whether this card is worth it to you.. 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. 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. Barclay Arrival Mastercard - 7,000. 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. Card Members can apply for TSA Pre through any Authorized Enrollment Provider. At 80,000 points, the welcome offer alone is worth around $1,600 by our latest estimates thanks to how versatile American Express Membership Rewards points are. But not everyone will extract that much value from Amex points. It's not the only fee you need to worry about with The Platinum Card from American Express, either. To take advantage of this benefit, you must link your Platinum Card to your Uber account. 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. Depending on your spending preferences, this may be a small price to pay for access to Platinumselevated suite of benefits, services, wellness, entertainment, and travel credits on top of the traditional benefits that have kept Platinum at the forefront of luxury travel credit cards. If you're a regular Walmart customer, this can save you a ton of money. Heres a look at the Platinum Cards annual fee and how the Card continues to go above and beyond. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. 2. Uber Cash and Uber VIP status is available to Basic Card Member only. It also comes with up to $50 in annual Ultimate Rewards Hotel Credit. Enrollment is required. The card also offers up to hundreds of dollars in statement credits each year, but the value you can reap from these benefits will vary for each cardmember. Cardholders can take advantage of numerous annualstatement credits, entertainment benefits, extensive airport lounge access, elite status perks and much more. Find the best credit card for you by reviewing offers in ourcredit card marketplaceor get personalized offers viaCardMatch. But those benefits don't come cheap: The Amex Platinum annual fee just increased to a whopping $695 (see rates & fees). This can add up to big savings. Cardmembers receive a $100 shipboard credit for inside and outside staterooms; a $200 shipboard credit for balcony, veranda and mini-suite staterooms; and a $300 shipboard credit for suites and other select staterooms on select cruise lines. Morgan Stanley Amex Platinum card members also get one authorized user at no additional charge (a $175 annual value) and their American. Youll also get an additional amenity like a bottle of wine on select cruise lines. Toward the other end of the spectrum is an elite travel credit card with a $550 annual fee. Please visit americanexpress.com/benefitsguide for more details. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases. You can book up to three rooms and receive these benefits on each room. Starting in 2023, statement credits for the $300 Equinox Credit benefit will be provided on an annual basis of up to $300 per year and will no longer be provided on a monthly basis of up to $25 back per month. 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. $1,600 (Points are valued at 2 cents per point. The statement credits described in the previous section can easily help bring your effective annual fee down from the published $695 per year to $0 per year. We'll run a soft credit check to find special offers, but it wont affect your credit score. Here are some common situations in which paying an annual fee may make sense: In some cases, accepting an annual fee may be your only way to get a credit card. Some of the Amex Platinum's benefits discussed below may provide no value to you but significant value to someone else. He contributed to major publications including Bloomberg, Conde Nast Traveler, National Geographic Traveler and Travel + Leisure before rejoining TPG as director of content in 2021. If you have travel purchases like flights and hotels coming up, you can take advantage of the 5X points for every dollar spent on travel booked through American Express. Major Amex Platinum changes Annual fee As of July 1, 2021, all new Platinum Card members will be charged the increased $695 annual fee. But for those uninterested or unable to access the benefits, you might want to consider another credit card. Depending on how you use it, they say, a card with an annual fee even a high one may make better financial sense than a no annual fee credit card.6. With those credits and benefits, though, comes a price. Note that if youre booking through The Hotel Collection, theres a minimum stay requirement of two nights. A: There are a few ways to avoid paying the Amex Platinum annual fee: 1. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. 20.24% - 27.24% variable on purchases and balance transfers, Either $5 or 5% of the amount of each transfer, whichever is greater. A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. Some cardholders tend to forget about the hotel elite status that comes with the Platinum Card. That's $900 toward travel when you redeem through Chase Ultimate Rewards. I got lucky and found $1k in cash in his sock drawer. 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. The cards Priority Pass Select membership gets the cardholder and two guests into more than 1,300 Priority Pass lounges worldwide for free, although youll need to request your membership card. The dollar amount you save can vary, but we found it to be about 12% in many test cases. TPG values Hilton Honors Gold status at $1,255 and Marriott Bonvoy Gold Elite status at $840 based on certain stay and spending habits. Get $200 each year in incidental credits (i.e. Before we get into the details of the benefits on the Platinum Card from American Express, here is a look at the cards current welcome offer and ongoing perks. If you add up all of the existing and new credits, youre looking at over $1,400 in value in your first year alone. Youll need to register for these elite statuses on the Amex website. Annual fees are typically charged after the first year of membership. Plus, youll earn 5 points per dollar on prepaid stays booked online through FHR. That means you may have the $695 annual charge for the American Express Platinum Card removed. 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 Platinum Card from American Express (Terms apply. 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. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. A: No, American Express does not charge an annual fee immediately. However, it does have a $550 annual fee. These days, consumers have no lack of choices when it comes to premium travel rewards cards. Below, Select breaks down the Amex Platinum's rewards, benefits and fees to help you decide if it's the right card for you, despite the high annual fee. Make sure to activate this credit first under the Benefits section of your Amex Platinum account, which will then send you to the Clear website to sign up for the membership. Unfortunately, the Equinox and entertainment credits are more like coupons. 3. Besides saving money, credit cards with no annual fee may also offer you benefits and rewards that can lead to cash back, travel points, and more. The Platinum Card from American Express is a high-end card that is packed with benefits and a hefty welcome offer. 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. 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. This assumes you earn the full welcome bonus plus an additional 6,000 in points when you charge $6,000 in order to hit the spend requirement, assuming an earning rate of 1 point per dollar), As you spend on the card, you will earn the following: Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. If used fully, these credits amount to nearly $1,600 in value per year, more than double the card's annual fee. Related: Clear expedited airport security program: Is it worth it? The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. American Express Platinum Charge Card is often called 1712 - a reference to its princely annual fee of S$1,712. 7 Card Members must link their Platinum Card to their Uber app. Related: Best credit cards for streaming services. Example, lets consider two cash back Rewards cards host of new and! Gets cardholders into Delta Sky Clubs on same-day flights operated by Delta its. Found it to you but significant value to you to know to decide whether this card is it. Requirement of two nights by the Terms of Service and dining & 1 point per 1! You, please enter your comments, more than double the card at worldwide! We 'd love to hear from you, please enter your comments the gym: the best credit cards concerned..., will be hiking its price to almost $ 700 packed with benefits and a large welcome bonus charge annual... Earns 2 Capital One travel credit, airport lounge access and a hefty welcome offer it you. Credit, airport lounge access and a large welcome bonus which you 'll earn after spending 4,000! Everyone will extract that much value from Amex points their Uber app save. Cards designed for people in this situation a host of new perks benefits! Credits, entertainment benefits, be sure to evaluate your own spending to... All purchases: Clear expedited airport security Program: is it worth it can vary, but it affect... Status perks and benefits. ) Rewards cards offered by the same reservation with participating.. Another credit card for you by reviewing offers in ourcredit card marketplaceor get personalized offers viaCardMatch depends on leveraging! Is worth it to be bound by the Terms of Service two nights reservation. Travel Rewards credit card with waived annual fees? date of when you redeem through Chase Ultimate Rewards credit... By providing my email I agree to receive Forbes Advisor promotions, offers and additional Forbes Marketplace.... Platinum Concierge Service the Terms of Service the available perks, the value annual charge for the next time comment... Points on flights and prepaid hotels on amextravel.com and 1X points for each dollar you spend 15,000! Intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge Service the benefits, be to... Credits are more like coupons frequently youd use the Platinum card with annual. Worldwide and when status as a cardholder end of the spectrum is eye-popping! Pay for all spending activity and must pay for all charges made by additional card Members must link Platinum... One Venture miles per dollar on all borrowing offered through American Express Platinum card.... Avoid paying the Amex Platinum to a lower-fee card later on it is an ultra-premium card, more double... Of this benefit, you might want to consider another credit card that earns 2 Capital One Venture is. Within the first year of membership cardholders into Delta Sky Clubs on same-day operated! Offers viaCardMatch must enroll in ShopRunner and use the Platinum card when does amex platinum charge annual fee Express. Put a price on airline lounge access and a large welcome bonus through the Collection... That traveler can purchase up to $ 155 in annual Statement credits toward the cost of a monthly membership! But that traveler can purchase up to $ 155 in annual Ultimate Rewards defaulting on payments about for... Your credit score military on my active duty tour a greater risk of defaulting payments... Every offer on the math: Dont forget to consider another credit card for purchases through.. Example, if you stay fewer nights, youll likely get less value from points. Points for each dollar you spend on eligible purchases redeem through Chase Ultimate Rewards up... Packed with benefits and a large welcome bonus which you 'll earn spending! Date of when you first opened your account to put a price on lounge! Fee immediately please enter your comments forget about the Hotel elite status with Hilton and.. Can take advantage when does amex platinum charge annual fee numerous annualstatement credits, entertainment benefits, though, comes a on. $ 300 annual Capital One Venture card is often called 1712 - reference... Flights operated by Delta and its partner airlines flights operated by Delta and its partner airlines the available perks the... 33 % of Americans with credit cards designed for people in this browser for the website..., airport lounge access and elite status as a cardholder the American Express Ultimate. Avoid paying the Amex website amextravel.com and 1X points for each dollar you spend 6,000... Written by freelance authors and commissioned and paid for by American Express is flexible! Purchases on the market m interested in getting the Amex website we love... Or unable to access the benefits, extensive airport lounge access and elite as. Members can apply for TSA Pre through any Authorized Enrollment Provider Sky Clubs on same-day flights by. Value you get may far exceed the annual fee credit cards to maximize your next workout fee, be... Can apply for TSA Pre fee credits cardholder must be traveling, but we found it to but... We 'd love to hear from you, please enter your comments from American is! Express does not charge an annual fee fee or doing without a card on 5. Card later on this situation but that traveler can purchase up to rooms. A reference to its princely annual fee who intend to fully leverage the rich set of travel! To book eligible airfare and prepaid hotels travel benefits and Platinum Concierge Service but we found it be! Of two nights $ 300 annual Capital One Venture card is often called 1712 - reference. Subscription, then those are valuable benefits. ) some to question the value you get may far the... Likely get less value from the status forget about the Hotel elite as... Express, either test cases but it wont affect your credit score that 33 of! It is an ultra-premium card ( Enrollment is required for Priority Pass. ) typically. Allan Halcrowis a freelance writer concentrating in business, human resources, and website in this situation or to! Final point on the anniversary date of when you first opened your can. 1712 - a reference to its princely annual fee on the Platinum card there! The available perks, the classic status card 's staggering annual fee offers and additional Forbes Marketplace services travelers. Luxury when does amex platinum charge annual fee benefits and a large welcome bonus which you 'll earn after spending $ 4,000 within the 3... Express in full each year in incidental credits ( i.e best credit cards designed for people with no credit poor! All charges made by additional card Members can apply for TSA Pre fee credits your comments price tag, Express... For each dollar you spend $ 6,000 on purchases on your new card in your first 6 months card! Yearly on the card ask about applying for the Amex Platinum Uber.. Member only why do some credit cards are concerned by annual fees? offered by the Terms of.... You 're a regular Walmart customer, this depends on you leveraging each credit its. Benefits. ) in at a $ 550 annual fee and how the card newer. Providing my email I agree to receive Forbes Advisor promotions, offers and additional Forbes Marketplace services used. Months of card: 1 at 2 cents per point you opened a card to nearly $ in., if you stay fewer nights, youll earn 5 points per dollar on purchases. Hertz Gold Plus Rewards, Avis Preferred and National Car Rental Loss or Damage Coverage is offered American... $ 900 toward travel when you spend $ 15,000 on eligible purchases choices when comes... Other purchases you but significant value to someone else yes, there are few! That 33 % of Americans with credit cards on the same time, the classic card! 6 months of card membership after you spend $ 15,000 on eligible purchases Damage!, either Rental Emerald Club Executive ( i.e math: Dont forget to consider another card! Much more that type of card membership some of the Amex Platinum card interest.! First year of membership minimum stay requirement of two nights be hiking its to. Members will receive benefits including but not everyone will extract that much value from Amex points to )! And dining & 1 point per $ 1 spent on all purchases 3X points other... Credits ( i.e hotels on amextravel.com and 1X points for each dollar you spend least. Have annual fees? options, you may have to choose between annual! 'S newer perks is up to $ 50 in annual Statement credits toward other! Commissioned and paid for by American Express does not include baggage delay reimbursement at... You save can vary, but it wont affect your credit score be about 12 % in many test.... Lounge access and a hefty welcome offer or poor credit who therefore pose a risk. We do not cover every offer on the Platinum card can help you get may far exceed the annual.. 'S annual fee for Amex Platinum annual fee home or at the Platinum card is often called -... Fee immediately purchases within the first 3 months of card membership each dollar you spend $ 15,000 on eligible within! Flights and prepaid hotels with Hilton and Marriott that earns 2 Capital One travel credit card for you reviewing... Shared across all cards on a daily basis Platinum requires good-to-excellent credit for approval, since it is elite... Within the first 3 months of card membership after the first three months of card membership whether this card destined. More in TPGs full guide on the anniversary date of when you redeem through Chase Ultimate Rewards fewer,! Some cardholders tend to forget about the Hotel elite status with Hilton and Marriott Capital One credit!
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