The award travel community let out a great breath recently when American Express officially announced all the new benefits for The Platinum Card® from American Express. These include the addition of hundreds of dollars in statement credits each year as well as an increase to the annual fee. And while that fee may be difficult to swallow, Amex has sweetened the pot by increasing its welcome offer to all-time highs.
Let’s take a look.
Amex Platinum Card Welcome Offer
The welcome offers for the Amex Platinum card can vary — depending on your personal information, you may see 1 of several different available offers. At this time, we’re seeing the 100,000-point, 125,000-point, and even 150,000-point offers widely available, all of which are huge bonuses.
We generally value Membership Rewards points at about 2.2 cents per point, which means that a 100,000-points bonus offer is worth ~$2,200, a 125,000-point bonus is worth ~$2,750, and a 150,000-point bonus is worth $3,300.
Option 1: Check on Amex Directly (Try This First)
If you’re looking to pick up the Amex Platinum card with the highest offers, we recommend you start your search directly on the American Express website, as it may allow you to check and see if you are pre-qualified for the Amex Platinum card with a bonus of up to 150,000 points!
Option 2: Check on CardMatch
If you strike out on the American Express website, then the second option we recommend is checking through the CardMatch tool. This tool completes a soft credit check to see if you’re eligible for any elevated offers. Since it’s not a hard pull, this won’t count against your credit.
You can also look for targeted email offers so long as you are opted-in to receive New Card and Credit Offers in your Amex account’s General Marketing Email Preferences.
Hot Tip: Both the American Express Platinum Card® for Schwab and The Platinum Card® from American Express Exclusively for Morgan Stanley also feature elevated welcome offers and new benefits, including 10x points at restaurants worldwide and new statement credits.
New Benefits for the Amex Platinum Card
Along with a massive welcome offer, the Amex Platinum card has launched a number of new benefits, including great statement credits.
New credits and benefits include:
- $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership.
- $300 Equinox Credit: Upon enrollment, get up to $25 back each month on eligible Equinox memberships when you pay with your card.
- $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required
- $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your card.
- Global Dining Access by Resy
- Wheels Up (Premium Private Jet Program)
Combined with existing benefits like statement credits for up to $200 for airline incidentals, up to $200 in Uber Cash, and up to $100 for Saks Fifth Avenue, you get a lot of value back by having this card in your wallet.
Maximizing Your Membership Rewards Points
What would you do with 100,000, 125,000, or even 400,000 Amex Membership Rewards points? If you qualify for the 125,000-point welcome offer and maximize your 10x earnings (250,000 points), you’ll be sitting on a huge stockpile of points. So, what can you do?
Fly Round-Trip to Europe 14 Times
An economy class ticket to the U.K. is just 13,000 Avios one-way on British Airways from select U.S. cities. American Express Membership Rewards transfer to British Airways at a 1:1 ratio which means your 375,000 points can become 28 one-way or 14 round-trip flights to the U.K. How many times did you want to see Big Ben?
Enjoy Emirates First Class
A round-trip flight from New York (JFK) to Dubai (DXB) in Emirates first class will set you back 272,500 Emirates Skywards miles. That’s not cheap, but where else can you enjoy digital windows from the middle seat? You can transfer Amex points to Emirates at a 1:1 ratio.
Take 2 Partners Around the World in Business Class
ANA’s round-the world ticket prices out its flight costs according to distance. With a maximum stopover limit of 12, you can spend as few as 120,000 miles per person to fly around the whole world — in business class. That means you and 2 very good friends can have the time of your lives sipping Champagne as you see the sights. Amex points also transfer to ANA at a 1:1 ratio.
Hot Tip: For more inspiration, check out the best ways to redeem your Amex Membership Rewards points (we also have guides for redeeming 60,000 and 100,000 points) and how to upgrade your flight using Membership Rewards points.
If you don’t already have the Amex Platinum card, now is the time to get it. Although the annual fee is steep, taking advantage of elevated offerings and increased earnings — along with brand new statement credits — can make this card a very good deal.
For rates and fees of The Platinum Card® from American Express, click here.
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