18 Benefits & Perks of The Platinum Card® from American Express [$1,500+ In Value Per Year]

Full Disclosure: We may be compensated when you click on links to credit card products from our advertising partners, such as American Express, Chase, Citi & Capital One. Opinions on this site are ours alone, and have not been reviewed or approved by the issuer. See our Advertiser Disclosure for more details. Thanks!

U.P. Rating for The Platinum Card® from American Express:

The Platinum Card® from American Express is one of the most popular premium travel rewards credit cards on the market, and it comes with lots of premium benefits to help you travel in style.

American Express has been giving this card several new makeovers throughout the past few months to stay competitive in the ever-expanding market of ultra-premium travel rewards cards.

This card comes stacked with lots of exclusive benefits (which we’ll explain in detail), but be aware that these benefits do come with an upfront cost and high annual fee. Let’s see how these benefits stack up and decide if it’s worth the cost (hint: we think it is!).

Platinum Benefits You Need to Know

The Platinum Card® from American Express comes with a laundry list of benefits, and some of these require you to put in a bit of extra effort to take full advantage of all this card has to offer. We’ve created this in-depth guide so you can make sure you’re not missing out on any of these exclusive perks.

One of the best benefits is that this card earns points in a flexible rewards program: Membership Rewards®. With Membership Rewards, you can transfer directly to some of the most popular airline and hotel loyalty programs, or use your points directly with American Express for gifts, shopping, or booking travel through Amex for ultimate flexibility.

This rewards program includes lots of other cards from American Express too; we’ve highlighted some of the best Membership Rewards® earning cards to help you increase your points balance! Be aware that bonuses on American Express cards are once in a lifetime.

Some of these benefits also apply to any additional authorized users on your account. You can add up to 3 additional cards, which allows those users to take advantage of the lounge access, hotel elite status, Global Entry credit, and a few other perks.

1. Bonus Points – 5X on Airfare and Hotels

One of the most recent upgrades of this card is the bonus earning category for airfare and hotels booked with your Platinum Card® from American Express.

This card earns 5X Membership Rewards points for all airfare purchased with your card directly with the airline or when booking on Amex Travel.

When booking hotels, you will only earn the 5X bonus if booking prepaid rates directly on Amex Travel; it will not apply for any hotel bookings made with the hotel directly. This is now being extended to Fine Hotels & Resorts bookings, only if they are booked online and prepaid.

Hot Tip: Be aware that when you are booking hotels on Amex Travel, you will most likely not earn hotel points or receive any perks for your elite status (as opposed to booking directly with the hotel).

2. Airline Credits – ($200 Value)

Save on Checked Luggage Fees with Amex Platinum Benefit
Use your airline fee credits on your selected airline to take care of incidental fees like checked luggage and more!

This card comes with an annual airline fee credit worth up to $200 per calendar year. You will need to select the airline in advance with American Express to earn the credit with that particular airline, but once you’ve selected your preferred airline, the credits will come automatically.

These credits will appear for incidental fees charged by the airline and are not meant as a straight travel credit like some other travel rewards credit cards offer. These fees include baggage fees, change fees, lounge passes, and more.

You can re-select your preferred airline each year, so look for an annual email from American Express if your loyalty bounces around between your preferred airlines.

3. Uber Credits – ($200 Value)

Another perk recently added to The Platinum Card® from American Express is a $200 annual credit for Uber.

Your Uber credit gets applied to your account throughout the year as a $15 credit each month, except in December when it increases to $35.

This means you can’t utilize the full $200 credit during your first year if you are approved for this card anytime after January, but is a nice benefit for those who use Uber regularly.

Remember that you will also have to make sure your card is one of the methods of payment in your Uber app so you can take advantage of these credits. (By the way, this benefit only applies to the primary cardholder).

4. Global Entry/TSA PreCheck Credit ($100/$85 Value)

One of the most popular (and easiest to get) credits from The Platinum Card® from American Express is up to $100 for applying for Global Entry (or $85 for TSA PreCheck) and paying the fee using your card.

This credit will apply to all cardholders, including authorized users, and can be used every 4 years. Once enrolled in either program, your membership will last 5 years.

Already have Global Entry? Don’t worry, you can still take advantage of this credit if you like — just pay the application fee for another person and receive the credit from using your card!

Bottom Line: Travel credits offered on this card already equal up to $500 in the first year. If you can take advantage of them all, this helps make up for the upfront annual fee. Plus, 5X earning on airfare and prepaid hotel bookings through Amex is one of the best bonus categories out there!

5. Saks Fifth Avenue Shopping Credits – ($100 Value)

Amex Platinum Saks Fifth Avenue

Earn up to $100 per year in Saks Fifth Avenue shopping credits by enrolling your card here.

Receive a $50 credit January-June and another $50 July-December for purchases in-store and online at Saks Fith Avenue.

Excludes:

  • Dining in stores
  • Outlet locations (Off Fifth)
  • Bill pay for Saks Fifth Avenue credit card
  • Purchases of Saks Fifth Avenue gift cards
  • Purchases shipped outside the U.S.
  • Purchases at stores or country websites outside the U.S.

Once enrolled, primary card or authorized users cards can be used, but there is a max credit per account of $100 per year.

6. Airport Lounge Access ($700+ Value)

American Express Centurion Lounge Houston
American Express Centurion Lounges are considered some of the best in the U.S., and they are expanding globally!

Another amazing travel benefit is the access this travel card grants you in airports across the globe, with thousands of exclusive lounges welcoming cardmembers to relax in style during their travels.

Cardmembers have unlimited access to all Centurion® Lounges for themselves and 2 additional guests when traveling in select airports. These lounges are awesome.

If you want to bring in more than 2 guests, it’s $50 per person. You can therefore reasonably value each visit at $50 — and let’s say you only visited 6 times per year. That’s $300 in value right there!

Centurion® Lounges are exclusively available for American Express cardmembers, and they offer complimentary gourmet food and drink in a very comfortable environment.

This card also comes with a Priority Pass Select membership, which partners with over 1,000 airport lounges around the world and grants access to 2 guests when traveling together. This membership is even better than the $399/year you’d pay if you bought directly at Priority Pass! To take advantage of this benefit, you have to enroll and wait for your Priority Pass membership card to arrive in the mail. Note: from August 1, 2019, Priority Pass memberships from US-issued American Express cards will no longer include restaurants (‘non-lounge airport experiences’).

Cardholders are also granted access to all Delta Sky Clubs when traveling on Delta Air Lines, as well as to some lesser-known lounges operated by Escape and Airspace Lounges.

For a limited time, you also get access to Lufthansa Lounges in Frankfurt (through March 31, 2019) and Munich (through May 31, 2019). You must be flying on a Lufthansa Group flight (Lufthansa, Austrian, and Swiss). Travel in any class will give access to Lufthansa Business Lounges. Business class passengers can access Lufthansa Senator Lounges in Frankfurt Airport T1 Concourse B and Munich Airport T2 Satellite area T1 Concourse B in Frankfurt Airport.

Hot Tip: Before you apply for the Platinum Card® from American Express, be sure to check to see if you are eligible for the 100,000 point welcome bonus offer.

7. Hotel Elite Status

The Platinum Card® from American Express offers the opportunity to enroll and elevate your elite status with Hilton and Marriott hotels.

After contacting American Express and connecting your loyalty accounts to your card, you will be upgraded to Hilton Honors™ Gold status and Marriott Bonvoy Gold status, which normally takes quite a few nights/stays to earn.

Gaining instant hotel elite status with 2 major hotel chains will offer fantastic benefits that include free breakfast, guaranteed late-checkouts, room upgrades, and flexible options without having to stick to just 1 hotel brand.

8. The Hotel Collection and Fine Hotels & Resorts

The Hotel Collection AMEX
Get extra points and perks when booking hotels through Amex Travel and The Hotel Collection

Participating hotels in The Hotel Collection booked through American Express Travel Services (including Amex Travel) offer cardmembers a $75 credit for incidentals on stays of 2+ consecutive nights. You will also earn an additional 2X points!

Participating hotels now earn 5x points when booking prepaid rates online.

The Fine Hotels & Resorts benefit is available exclusively for cardmembers, and it offers special perks at over 975 luxury hotels participating in the program.

These benefits include things like early check-in and late check-out, complimentary daily breakfast for 2, free Wi-Fi, room upgrades, and a special amenity gift valued up to $100 per stay. Some properties participating in the program will also offer a complimentary night depending on the number of nights you’re staying.

9. Elite Status With Car Rentals

The Platinum Card® from American Express offers you the ability to register for special benefits and elite status with Hertz, Avis, and National Car Rental. This provides you with an exclusive rate code for cardmembers with special discounts and status. These companies often grant complimentary upgrades and expedited services to get you on the road faster.

Hot Tip: You can find more information on this benefit in our dedicated piece: The Platinum Card® from American Express: Maximizing Car Rental Insurance & Benefits.

10. American Express Concierge

The American Express Concierge service connects cardmembers with professionals in times of need at no additional cost.

From hard-to-get restaurant reservations to popular tickets to your favorite concerts and events when they’re first released, the team at American Express Concierge service will do their best to accomplish your goals.

The travel professionals with the Platinum Travel Service by American Express can also help you tailor and customize any dream vacation you want to put together. Further, you’ll get access to some of the best luxury travel professionals to ensure you are making the best decisions for an unforgettable trip.

Bottom Line: This card will have you traveling in style in no time with exclusive access to some of the top airport lounges, plus elite status and special perks with popular hotel chains. The Amex Concierge will also be able to provide assistance in bookings and excellent advice!

11. Special Access to Events

Get exclusive access to presale tickets and special seating with your Platinum Card® from American Express.

American Express partners with some of the most popular event venues and entertainment experiences to provide their premium cardholders with the best choices and service when looking to attend these events.

The Platinum Card® from American Express will grant you access to American Express Preferred Seating at select venues and events when using your card to purchase your tickets. These seats are reserved especially for American Express elite cardholders.

All Amex cards also offer Entertainment Access® for special events that partner directly with American Express, giving you early access to some of the most popular events to ensure you get the tickets you want.

12. Amex Offers (Potentially hundreds of $’s in Value)

One of the best money-saving shopping benefits offered by a credit card issuer is Amex Offers. You can earn special discounts on dining, shopping, entertainment, and more from select merchants! Sometimes Amex Offers will even provide an opportunity to earn bonus Membership Rewards points.

All you have to do is register for the specific offer that’s tied to your card, meet the terms of the offer by using your card, and you’ll start saving in no time – it’s so easy!

Amex Purchase Protections and Travel Insurance

American Express cards are well-known for their excellent insurance protection that will cover all the important purchases and travel arrangements made using your card. The Platinum Card® from American Express covers the following:

13. Extended Warranty

This benefit adds additional warranty protection to your purchases that have a warranty of 5 years or less from the manufacturer.

Once the manufacturer’s warranty expires, your Platinum Card® from American Express adds up to an additional year of warranty coverage, up to $10,000 per item with a $50,000 maximum per year.

This is perfect for protecting all your valuable purchases, especially with its high coverage limit.

14. Purchase Protection

Accidents happen, but your card protects eligible purchases from theft and accidental damage for 90 days from your original purchase date.

This covers up to $10,000 per incident and up to $50,000 per calendar year, making it great coverage for new phones and other high-value items that are most prone to these types of accidents.

15. Return Protection

This covers all purchases made using your card and guarantees that you can return eligible items within 90 days of your original purchase. Your return protection works in addition to the store’s normal return policies, and it will cover up to $300 per item and a total of $1,000 each calendar year.

16. Premium Roadside Assistance

Don’t get stuck on the road! The Platinum Card® from American Express pays for select premium roadside assistance up to 4 times per year. Whether you’ve got a flat tire, need a tow, or just ran out of gas, this card will make sure you get back on the road quickly.

Having this complimentary service and American Express picking up the tab on eligible fees is a huge benefit.

17. Amex Car Rental Loss and Damage Insurance

You can save costs on most rental cars with additional insurance protection offered by the Platinum Card® from American Express. This covers eligible car rentals that are paid entirely with your card if you decline the collision damage waiver coverage from the car rental company.

Eligible rentals are covered for theft and damage up to $75,000 without increasing the cost of your car rental. However, unlike the Chase Sapphire Preferred® Card that provides primary insurance, this card only provides secondary coverage, which means it kicks in after your own insurance.

18. Amex Baggage Insurance Plan

Your baggage will be covered with additional insurance if the loss of either checked or carry-on baggage occurs during travel booked using your card. This coverage will also extend to spouses, domestic partners, and dependents on the same reservation.

Amex baggage insurance will cover up to $2,000 for the replacement cost of items lost in checked baggage and up to $3,000 for the replacement cost of items lost in carry-on baggage.

Be aware that there is a limit of $1,000 for coverage of high-value items, which would include computers and other expensive jewelry. Most of the time these policies also require a lot of documentation when submitting a claim.

Final Thoughts

The Platinum Card® from American Express is one of the most rewarding premium travel rewards cards available. If you’ll use most of the benefits mentioned above, we think it is definitely worth carrying this card in your wallet even with the high annual fee.

The annual credits alone almost match what you would pay out of pocket for the annual fee. All the other exclusive benefits and high-limit insurance protections added on make this card one of the best.

It’s important to remember to take advantage of all the benefits listed above, especially since some of them require you to register. If you’re planning on adding authorized users, make sure they are taking advantage of the benefits made for them as well!


Featured Image: Courtesy of Amex FHR

FAQ

How many airport lounges can I access with the Platinum Card®?

The Amex Platinum Card is perhaps the best card for airport lounge access. You can get into 1,200+ lounges worldwide with this card including Priority Pass lounges, Amex Centurion lounges and more.

How many Uber credits do I get with the Platinum Card?

Cardmembers will receive $15 per month of Uber credits and $35 in December. Credits do not rollover so you want to be sure to use them all up each month!

How many points will I earn on airfare purchases?

Whenever you book a flight directly with the airline or via Amex’s travel portal, you’ll earn 5x Membership Rewards points for every $1 spent.

What is the annual fee of the Amex Platinum?

$550 per year.

Brandon Brunner

About Brandon Brunner

Brandon was born and raised in California and really didn’t travel much growing up, even outside of his own state. While attending college, he was constantly looking to find the cheapest fares to any destination abroad, and quickly learned about the motto- “Chase the fare, not the destination”. Luckily, his first international flight was to Costa Rica (under $300 roundtrip) where that “Pura Vida” lifestyle (and Imperials) hit him hard, and he knew he had to see more.

These travel secrets can be life-changing...

What if you & your family could explore more of the world than you ever thought possible - without blowing your savings?

Discover the real-life strategies that anyone can use to enjoy limitless travel (even on a limited budget!)

Just sign up below and we'll send you the Limitless Travel Playbook instantly:

We respect your privacy. Please view our privacy policy here.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

25 comments

  1. Dean R Chirieleison · April 25, 2018 · Reply

    Doesn’t the platinum card also include emergency airlift for the cardholder and or spouse in a foreign country if needed for a medical emergency? I thought I read somewhere that it does.

    • Christine Krzyszton · April 26, 2018 · Reply

      Thanks for the question, Dean. I found information in the cardholder agreement confirming that it can be covered for the cardholder and covered family. It states that the “Premium Global Assist Hotline may provide emergency medical transportation assistance at no cost if approved and coordinated by Premium Global Assist Hotline.”

  2. Jonathan · November 26, 2018 · Reply

    Any tips on how to utilized the $200 airline credit on United Airlines, if you already have 1k status?

    • Jeff Brownson · November 27, 2018 · Reply

      Hey Jonathan. United is one of the toughest airlines to use that credit up on since they don’t sell gift cards and the Gift Registry and Travel Bank that used to work seems to be indefinitely suspended. Since you are already a 1k, most of the things you would pay to upgrade or pay for in-flight are already given to you. Unless the Travel Bank makes a return before the end of the year, you are pretty much stuck with spending in the specific categories that Amex outlines as acceptable.

  3. Lew Mathews · November 29, 2018 · Reply

    Is there a benefit in using my Platinum card when making an airline reservation regarding their standard cancellation policy of 24 hours following the booking without a cancellation fee? Does the Platinum card provide additional time to cancel without cost?

    • Christine Krzyszton · November 30, 2018 · Reply

      Hello Lew and thanks for your question. Unfortunately, the airline’s hold policy is not extended when using your Platinum Card. You will, however, be earning lots of Membership Rewards Points and that’s always a positive.

  4. Jay Besry · December 5, 2018 · Reply

    Is it better to use Chase Reserve or Amex Platinum for travel? I always tend to use Chase Reserve when booking a roundtrip flight and hotels because I believe it covers cancellation if you can’t make your trip. Even though it is 3x rather than 5x points with AMEX Plat, I always tend to use Chase Reserve just to feel protected. Thoughts?

    • Stephen Au · December 7, 2018 · Reply

      Hey Jay,

      Yes, the cancellation insurance might be enough to give you peace of mind.

      The Chase Sapphire Reserve offers trip delay/interruption/cancellation coverage when the delay exceed 6 hours or an overnight stay is required. The benefit is up to $500 per reservation. The American Express Platinum card does not offer this coverage, though you may purchase travel insurance on American Express’s website.

      Let’s talk about an example. If you routinely fly on a route that seldom has delays, either because of the operational excellence of the airline or because there’s never any bad weather, then it might be worth it to get the extra points with your Platinum card.

      If you often fly from Newark to Chicago on United for example, it might be prudent to use the Chase Sapphire Reserve credit card, seeing as how terrible weather and ungodly delays will be a reality.

      It all depends on your risk tolerance and exact circumstances.

  5. Do you earn reward points on EVERYTHING or just the American Express perks? For example: do you earn on fuel, and/or everyday purchases?

  6. It’s worth mentioning that they offer discounts on international business class (and premium economy) travel as well. You have to call a designated number and there is a $35/per person ticketing fee, but it was well worth it for me. I had tracked my ideal flight for months using Google Flights, so I had an idea of what the list price should be. The AE travel agent was able to discount the flights by about $600 each. Then they applied the 100K sign-up bonus miles, for a total savings of $2200.00. The cool thing is you get the 5x miles on the cost of the ticket(s) before the value of the 100K miles is lopped off (they do this by having you charge the full price & then immediately issuing the credit).

  7. Does the additional card holder of a Platinum Business American Express card get free breakfast at the Hilton hotels?

    • Christine Krzyszton · February 18, 2019 · Reply

      Hello Bhavna and thanks for your question. Authorized users on the Business Platinum American Express card receive Hilton Honors Gold elite status which includes complimentary breakfast. To activate their Hilton Honors Gold status the authorized user must call the number on the back of their card.

  8. Does the additional card holder of a Platinum American Express card get the same lounge access as the primary card holder?

    • Katie Seemann · March 11, 2019 · Reply

      Hi Ross,
      Yes, any authorized users of your Platinum Card will have full access to the Global Lounge Collection (including Centurion lounges and Priority Pass lounges).

  9. Harsha parekh · March 15, 2019 · Reply

    Can the Platinum Card be used for Clear, TSA Precheck, or Global Entry for free?

    • Christine Krzyszton · March 15, 2019 · Reply

      Hello Harsha. When you apply for TSA PreCheck or Global Entry and pay with your Platinum Card, you receive reimbursement in the form of a statement credit for up to $100.

      • But what about CLEAR?

        • Christine Krzyszton · May 21, 2019 · Reply

          Hi Jema. If you’re asking if the cost of CLEAR membership would be reimbursed under the $200 airline incidental credit, unfortunately the answer is no. It is not purchased from the airline and not an incidental airline fee. It is also not reimbursable under the Global Entry or TSA PreCheck. Thank you for the question.

  10. Derrick White · April 1, 2019 · Reply

    I have an American Express Gold Card for me and my wife. Do I have to pay the same price to get her a card even if we are under the same account? I am not sure what I pay for our AM Gold Cards.

    • Christine Krzyszton · April 2, 2019 · Reply

      Hi Derrick. The annual fee for the American Express® Gold Card is $250. There is no charge (annual fee) for up to 5 additional cards on the same account. I hope this answers your question.

  11. Christine · April 2, 2019 · Reply

    How does an authorized cardholder of the Platinum American Express card book a hotel room at Fine Hotels and Resorts using points from the primary cardholder account if the primary cardholder is not traveling? There is not an option to put in contact information other than the primary cardholder under the American Express travel website. Thanks.

    • Hi Christine, we have a couple of possible options for you but can’t 100% guarantee they’ll work… one possibility is to call up the Amex concierge and see what they can do, it likely needs to be the primary cardholder to call.

      Another idea is for the primary cardholder to set up “account manager authority” for the authorized cardholder which should give them their own login and most authority levels that we think can be set to include rewards.

      Or, as some do when straightforward options don’t work, book for 2 people and add the additional guest’s name to the reservation… this works best in the US, however, not in some countries that want passports for everyone on the reservation at check-in.

      Lastly, have you tried calling Amex Platinum’s customer service line? Amex states “Anywhere in the world, you will always be able to communicate with the exclusive Platinum Service unit, where a highly qualified team of representatives will be available 24 hours a day, 7 days a week, to assist you in all your needs, both in English and Spanish. You can communicate toll-free calling 1-800-801-6564.”

      Let us know what ends up working out for you!

  12. Tiffany · May 13, 2019 · Reply

    Does the $200 airline credit cover Early Bird on Southwest?

    • Christine Krzyszton · May 14, 2019 · Reply

      Hi Tiffany. Although the Early Bird fee isn’t specifically covered in the list of covered purchases, it has been known to trigger the credit. You must first select Southwest as your designated airline on your Platinum Card before making the purchase so be sure you’ll have $200 worth of purchases with Southwest over the calendar year. Southwest e-gift cards have been known to trigger the credit as well but this could change at any time.

Any thoughts or questions? Comment below!

Email needed if you'd like comment updates. It will NOT be published.

Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. For more information on our advertisers, see here.