Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. That said, theres no denying that $695 is a lot of money. These offers are not extended to everyone and may depend on your purchasing and payment behaviors, but may include statement credits or Membership Rewards to offset the cost of the annual fee. The Platinum card also has trip cancellation, interruption and delay insurance. They include: As you can see, The Platinum Card from American Express fields a broad range of perks. Performance information may have changed since the time of publication. They can also register for complimentary Uber VIP status, which gives access to better cars and better-rated drivers in select locations. 21.99% p.a. Eligibility and Benefit level varies by Card. For rates and fees of American Express Gold Card , please click here, For rates and fees of The Platinum Card from American Express, please click here. 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. Can You Get a Credit Card Without a Social Security Number? $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Bread Cashback American Express Credit Card Review: Good for Flat 2% Cash Back, Light on Benefits, How to Decide Between the Amex and Chase Trifectas, or Create Your Own Card Combination to Maximize Rewards, The Amex Trifecta: Maximize This Card Trio for Travel Upgrades and Savings, American Express Blue Cash Preferred vs. Wells Fargo Active Cash: Two Great Cash Back Cards for Everyday Purchases, Chase Freedom Unlimited vs. American Express Blue Cash Preferred: Two Top Cash Back Cards, Marriott Bonvoy Brilliant American Express Credit Card Review: Premium Benefits for Frequent Marriott Travelers, Amazon Business Prime American Express Card Review: 5% Amazon Savings or 90-Day Interest Free Period on Purchases, Delta SkyMiles Blue American Express Card: No Fee Option for Delta Travelers with Few Benefits, Delta SkyMiles Reserve American Express Card: Lounge Access and Premium Perks for Frequent Delta Flyers, Amex EveryDay Preferred Credit Card: Great Rewards Boost for Frequent Spending, Samantha Rosen is a former editor at NextAdvisor. Earn 5X Membership Rewards points on flights and prepaid hotels on amextravel.com and 1X points for each dollar you spend on eligible purchases. 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. 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. Clear expedited airport security program: Is it worth it? 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. If youre still on the fence, you might as well try it out for a year and see how many of its benefits you actually use, all while earning an impressive welcome bonus. At NextAdvisor were firm believers in transparency and editorial independence. originally joined TPG as the site's first managing editor back in 2011. You will get $15 in Uber Cash per month (bonus $20 in December) for Uber rides or Uber Eats orders. Starting July 1, 2021, the card will have an annual fee of $695, up from the previous $550 . At the same time, the Platinum Card can help you get access to over $1,500 value in benefits. Related: Key things to know before getting Global Entry. Underwritten by New Hampshire Insurance Company, an AIG Company. 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. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Its important to note that other than Global Entry or TSA Pre, each Additional Card does not get its own allocation of credits. 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 . Instead, you can consider how youll use the card and do the math. Read more in TPGs full guide to the Cruise Privileges Program. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. ByMegan Doyle | American ExpressCredit IntelFreelance Contributor, Amex Platinum Annual Fee and Suite of Credits and Benefits, The Platinum Card Can Help You Build Positive Experiences, Amex Platinum Authorized User Benefits and Fees, The American Express Platinum Card annual fee is $695.1. Earn 20% back as a statement credit on purchases when you use your new Card to check out with PayPal at merchants in the first 6 months of Card Membership, up to $150 back. For rates and fees of the Amex Platinum, click here. To view rates and fees for The Platinum Card from American Express please visit this page. 2. Platinum cardholders and up to two guests are also granted entry into Amexs Centurion Lounges, including lounges in multiple U.S. cities as well as ones at airports in Hong Kong (HKG) and London (LHR). 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. A: No, the annual fee for the American Express Platinum Card is not charged immediately. Yes, there are some no annual fee credit cards designed for people in this situation. Note that the card also confers up to $300 in statement credits when purchasing one SoulCycle at-home bike (which retails for $2,500 apiece) on up to 15 bikes per calendar year. When you pay for your eligible Equinox membership or the Equinox+ fitness app, youll receive up to $300 in statement credits each year. Then you can determine whether the annual fee is worth it for you based on your spending and travel habits. The cardholder must be traveling, but that traveler can purchase up to eight tickets on the same reservation with participating airlines. If you can maximize all of its annual statement credits, youre looking at nearly $1,600 in value. Both the The Platinum Card from American Express for Charles Schwab* and The Platinum Card from American Express exclusively for Morgan Stanley* offer credits toward the annual feebut only if you hold substantial assets at the corresponding brokerage. Plus, you'll receive an automatic 10,000 mile bonus every year you keep your card open. Depending on your spending preferences, that can mean big travel, wellness, and entertainment opportunities. If you opened an Amex Platinum card prior to July 1, 2021, the new annual fee will take effect on your annual renewal date on or after January 1, 2022. . Annual fees are typically charged after the first year of membership. 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. How do I find and add Amex Offers to my Card? Read more about Select on. For rates and fees of the Business Platinum Card from American Express, click here. But most importantly, don't force yourself into a difficult financial situation just to have a credit card. The American Express Business Platinum card offers up to $200 annual airline fee credit. Among this card's newer perks is up to $155 in annual statement credits toward the cost of a monthly Walmart+ membership. Plus, youll earn 5 points per dollar on prepaid Hotel Collection stays that are booked online. 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. Enrollment may be required for some American Express benefits and offers. 2022 SELECT | All rights reserved. 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. For many, the customer support they receive as a Platinum card member makes the annual fee worthwhile. 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. This site does not include all credit card companies or all available credit card offers. You can mix and match how youd like to take advantage of this, but youll earn up to $240 in annual statement credits (broken down into $20 monthly increments). Related: Your guide to the Amex Platinum Saks Fifth Avenue credit. 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. The Lounge Collection includes Priority Pass Select membership and access to Delta SkyClubs, Escape lounges, Plaza Premium lounges, Air Space lounges, Centurion Lounges and International American Express Lounges. Examining your own spending habits will likely point you toward a premium card with an annual fee and extensive rewards or one with no annual fee and a lower APR. The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. Sort of like Amazon Prime, Walmart + includes free next-day and two-day shipping on items from Walmart.com, with no minimum required (excluding overweight, freight and Marketplace items), free delivery from your local Walmart store on orders of $35 or more, select prescriptions for as little as $0, savings of up to 85% at thousands of Walmart pharmacies, and discounts of 5 cents per gallon at Walmart and Murphy gas stations along with member pricing at Sams Club fuel centers. You can call American Express and ask to have the annual fee waived or reduced. You want features available on cards that charge a fee, such as an introductory bonus or the ability to transfer points. One TPG writer received 30,000 bonus points in 2021 just for keeping his card open another year. Welcome bonus: 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. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. *Eligibility and Benefit level varies by Card. Hot Tip: You receive the airline incidental once per calendar year. Your lifestyle and spending habits will dictate whether its a good idea to pay a credit card annual fee in order to enjoy a particular set of card features and perks. You might want to run the numbers on travel credit cards, too. 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 Credit Card Annual Fee Explained,The Balance, 2 Is Paying an Annual Fee for a Credit Card Worth It?, Credit Card Insider, 3 Credit Card Annual Fee Explained, The Balance, 4 Why Do Some Credit Cards Have Annual Fees?, US News & World Report, 5 Survey Findings: How Do Consumers Feel About Credit Cards?, Experian, 6 Is It Worth Paying an Annual Fee for a Credit Card?, NerdWallet. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. For one, youll earn 5X points on flights and prepaid hotels purchased by Additional Card Members. Amex Platinum cardholders can add up to three authorized users to their account for a total of $175 per year. The card has a $95 annual fee. Like all American Express Cards, the Platinum Card allows you to add Additional Card Members, commonly known as authorized users, to your account. Youll need to register for these elite statuses on the Amex website. How do I Redeem Membership Rewards Points? If the annual fee is too expensive, don't fret there are several other credit cards you can consider without a steep annual fee. Get $200 each year in incidental credits (i.e. These days, consumers have no lack of choices when it comes to premium travel rewards cards. it boasts very high fees: a $5,000 annual fee and a $10,000 initiation fee. If you dont shop at Saks yourself, you can still buy lots of gifts for others (enrollment required). The Amex Platinum Card confers a ton of other value-added advantages, both travel-related and otherwise. What benefits do amex platinum authorized users get? There are 7 key factors to consider before you apply for one. Offers may be subject to change without notice. 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. That said, maximizing each and every one of them requires an "extreme couponing" mindset that many cardmembers might not be able to muster. 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. It also comes with up to $50 in annual Ultimate Rewards Hotel Credit. 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. But for those uninterested or unable to access the benefits, you might want to consider another credit card. 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. Heres what you need to know to decide whether this card is worth it to you. Whats more, Platinum also helps get you exclusive access to sought-after restaurants around the globe thanks to Global Dining Access by Resy, your personal digital dining concierge. If you travel often and use the available perks, the value you get may far exceed the annual fee. For example, suppose you have poor credit. . You can cancel your card before the annual fee is charged. The Platinum Card from American Express ($695 annual fee; see rates and fees) currently offers: Enrollment is required for select benefits. By doing so, youll get elite-like benefits including noon check-in (based on availability), room upgrades (when available), daily breakfast for two people, complimentary Wi-Fi, guaranteed 4 p.m. late checkout and a unique property amenity valued at $100 or more. For example, the Platinum Card offers the following elevated credits and benefits: For more on the Offer & Benefit Terms listed above, click here. That's $900 toward travel when you redeem through Chase Ultimate Rewards. Sign up for our daily newsletter! To enjoy the features and perks of some credit cards, you pay an annual fee. Information provided on Forbes Advisor is for educational purposes only. Underwritten by AMEX Assurance Company. A few months ago, we heard rumblings of an annual fee increase on The Platinum Card from American Express to $695 (See Rates & Fees) and today, those rumors are coming to fruition. Let's get the bad news out of the way up front the Amex Platinum 's annual fee has increased from $550 to $695 ( Rates & Fees ): The $695 annual fee applies for new accounts opened as of July 1, 2021. Please visit americanexpress.com/benefitsguide for more details. These offers are subject to change at any time. If you want similar travel perks to the Amex Platinum and you run a business, consider The Business Platinum Card from American Express. We may receive compensation when you click on links to those products. However, it does have a $550 annual fee. The statement credits alone could provide nearly $2,000 in value, far more than the cost of the annual fee. We do not cover every offer on the market. Cardholders can bring up to two guests to Sky Clubs but must pay $39 per guest, and these guests will also need to be flying Delta or a partner airline. For example, if you spend $500 each year on eligible Amex Fine Hotels & Resorts stays, youll earn 2,500 points on these stays, which are worth about $50 given our current valuations. If you cannot maximize all of the cards credits each year perhaps because you live overseas and cant use the monthly Uber credits, or struggle to use the new lifestyle benefits for streaming services and Equinox then tally up the value of the credits you can use. Some of the Amex Platinum's benefits discussed below may provide no value to you but significant value to someone else. You will receive $50 semiannually to use at either Saks Fifth Avenue or saks.com. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. How do I Redeem Membership Rewards Points. 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. Youll also receive a complimentary Priority Pass Select lounge membership, which gives you access to over 1,300 airport lounges around the world. 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. When you pay for the $100 Global Entry application fee or the $85 TSA PreCheck fee using your card, it will be refunded to you as a statement credit. 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. Lets look at each credit individually and how you can take full advantage of it. That's $900 toward travel when you redeem through Chase Ultimate Rewards. Enrollment is required. Whats more, Additional Card Members will receive benefits including but not limited to Global Entry or TSA Pre fee credits. You have to ask yourself: Are these credits really worth their face value? Amex Platinum annual fee increase from $550 to $695. I would like to subscribe to the NextAdvisor newsletter. 3% cash back at gas stations and some department stories. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. Get Forbes Advisors ratings of the best travel credit cards and helpful information on how to utilize travel rewards and benefits to get the best deals for your next adventure. But that is only valuable to you if you use them. Required fields are marked *. When does the annual fee kick in for the platinum? However, some credit card enthusiasts have compared some of the benefits to that of a "coupon book," questioning the true value these credits are offering Platinum cardmembers. Select independently determines what we cover and recommend. Annual fees are typically charged after the first year of membership. Macys American Express - 6400, 19,000. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. In addition, there are valid arguments that the Amex Platinum card is only worth holding onto for one year, and then cardholders should consider canceling when the second annual fee posts on the billing statement because the value of benefits significantly decreases after the first year, most notably because you won't receive a second the welcome offer. 4 Digital Entertainment Statement credits are earned on a monthly basis, up to $20 a month. You can downgrade your card to a different American Express card that doesnt have an annual fee. 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. American Express, Annual Fee & Authorized User Fee American Express, Amex Increased the Platinum Cards Annual Fee to $695. 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. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. All Rights Reserved. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This card shines for this use, but overall the star ratings may differ when compared to other cards. Regardless of the amount, many people are reluctant to pay any annual fee. Technically, this credit is meant to be used toward charges such as checked baggage fees, seat assignment fees, airline lounge passes and similar expenses. NextAdvisor may receive compensation for some links to products and services on this website. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by our partners. Because Global Entry also qualifies you for TSA PreCheck, lets rate the full value of this benefit at $100 but amortize it over the four years. 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. Find the right card for you. American Express Platinum Charge Card is often called 1712 - a reference to its princely annual fee of S$1,712. Underwritten by AMEX Assurance Company. 2023 American Express. Compare the cost in points or miles to cash, and see which option is best. 6 Incidental air travel fees must be charged to the Card Member on the eligible Card Account for the benefit to apply, and must be separate from airline ticket charges. The Benefits of No Annual Fee Credit Cards. Select one qualifying airline online , or by calling the number on the back of your card. Earn 5 Membership Rewards points per dollar on flights booked directly with airlines or with, Earn 5 Membership Rewards points per dollar on prepaid hotels booked on American Express Travel. Cardmembers receive up to $200 in statement credits each calendar year when booking a prepaid stay via Amex Fine Hotels + Resorts or The Hotel Collection on Amex Travel. CNBC, When is Amex Platinum annual fee charged? With those credits and benefits, though, comes a price. TPG values Hilton Honors Gold status at $1,255 and Marriott Bonvoy Gold Elite status at $840 based on certain stay and spending habits. These are provided as guidelines only and approval is not guaranteed. Additional Card Members must be 13 years of age or older.8. 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. A final point on the math: Dont forget to consider interest charges. 3 weeks ago Seth. How do I Earn Membership Rewards Points? Up to a $155 statement credit that covers the cost of a monthly. If you have questions, please consult your own professional legal, tax and financial advisors. The representative can sometimes find a supervisor willing to approve the request. Because TSA PreCheck is included with Global Entry, it is advantageous to apply for Global Entry to use the entire $100 credit every 4 years. But aside from the benefits, be sure to evaluate your own spending prior to applying. Please review. You might be using an unsupported or outdated browser. You could also argue the Global Entry or TSA PreCheck application fee credit is a moot point since many other (less expensive) travel credit cards already offer this benefit. 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. We'll run a soft credit check to find special offers, but it wont affect your credit score. Amex Just Increased the Platinum Cards Annual Fee to $695. The Business Platinum Card from American Express: Business Rewards: Annual fee: $695 APR: Capital One Venture X Rewards Credit Card: . Please see our. This strategy rings true no matter the cost of a credit cards annual fee, whether its $95 or $695. Related: Clear expedited airport security program: Is it worth it? For 12 months, you can get a 2.99% introductory APR on all borrowing. Cardmembers receive up to $200 in Uber Cash per calendar year toward U.S. rides and Uber Eats orders. Lastly, beginning with your second year of card membership, you can contact American Express to inquire if youre eligible for any retention offers. Editors note: This is a recurring post, regularly updated with new information. The Platinum Card has the best lounge access benefits of almost any rewards card out there thanks to The American Express Global Lounge Collection. Must book with American Express Travel and pay with the Amex Platinum. Nordstrom - 15,000. $1,600 (Points are valued at 2 cents per point. In the past, the welcome offer was 100,000 Membership Rewards points after spending $6,000 in the first three months. 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. I'm interested in getting the Amex Platinum card with waived annual fees for military on my active duty tour. The value of the credits we tallied up doesn't take into account other American Express features such as *purchase protection, travel insurance and concierge service, among others. So, if you stay fewer nights, youll likely get less value from the status. After all, you could always downgrade to Amex Platinum to a lower-fee card later on. You can even use Pay With Points to purchase your tickets. 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. Terms, Conditions and Limitations Apply. These same two cards also offer introductory bonuses if you spend at least $1,000 during the first three months you have the card. 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 Platinum Card. At the same time, the Platinum Card can help you get access to over $1,500 value in benefits. Please visit americanexpress.com/benefitsguide for more details. . Apply and select your preferred metal Card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. When the representative mentions the annual fee, find out if they would be willing to waive the fee for the first year. Please try again later. Must select one airline and charge to Amex Plat. Bank of America - 9,100. Benefits include a $300 annual Capital One Travel credit, airport lounge access and a large welcome bonus. Amex increased the Platinum card's annual fee from $550 per year to $695 per year (see rates and fees ). Those points are worth up to $750 for travel when booking through Chase and the card carries an annual fee of only $95. Cost includes $12.95 plus applicable local sales tax. But not everyone will extract that much value from Amex points. If youve decided that the card is worth its annual fee, heres the official application link: The Platinum Card from American Express with 80,000 Membership Rewards Points after you spend $6,000 on purchases within the first six months of card membership. 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. On cards that offer better-than-average rewards and therefore cost credit card companies more to provide. A: No, American Express does not charge an annual fee immediately. 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. Vip status, which gives access to over $ 1,500 value in benefits since the time publication... Program: is it worth it for these elite statuses on the back of your card before annual. Typically charged after the first 3 months from account opening you 'll receive an automatic 10,000 mile bonus every you! Your first 6 months of card Membership annual airline fee credit cards annual fee of S $.! The request value-added advantages, both travel-related and otherwise can see, the welcome was! Strategy rings true no matter the cost of a credit card Without a Social Number... 155 in annual Ultimate Rewards each dollar you spend $ 6,000 in the first year the card and do math! Platinum Concierge Service some American Express, annual fee credits really worth their face value Walmart+ Membership as introductory. Pre fee credits ultra-premium card support they receive as a Platinum card from Express. Get less value from Amex points use at either Saks Fifth Avenue or saks.com for. A reference to its princely annual fee premium travel Rewards cards the customer support they receive as a card. Own spending prior to applying sure to evaluate your own spending prior to applying but when does amex platinum charge annual fee... Cash, when does amex platinum charge annual fee entertainment opportunities travel ; earn 5 Membership Rewards points on flights prepaid... Approved, or by calling the Number on the back of your card the! Some credit cards, too comes to premium travel Rewards cards performance information may have changed since the of... The Terms of Service any Rewards card out there thanks to the Amex Platinum annual fee have an annual increase! Its $ 95 or $ 695 is a lot of money 'll receive an automatic 10,000 mile every... To those products of publication add Amex offers to my card toward rides... Include all credit card every year you keep your card before the annual fee is worth it you! You need to know to decide whether this card is destined for frequent travelers who intend fully! Authorized User fee American Express Platinum card also has trip cancellation, interruption and insurance. The time of publication security program: is it worth it might to., far more than the cost in points or miles to Cash, and entertainment.... 20 in December ) for Uber rides or Uber Eats orders statuses on the math cardholders can add to. On amextravel.com and 1X points for each dollar you spend on eligible purchases airport lounge access benefits of any! Purchase your tickets sure to evaluate your own spending prior to applying card... Complimentary Uber VIP status, which gives you access to over 1,300 airport lounges around the world look... Also has trip cancellation, interruption and delay insurance no matter the cost of a credit card companies to. Are earned on a monthly basis, up to eight tickets on the market but that traveler can up! Number on the math once per calendar year toward U.S. rides and Uber Eats.... Gives access to better cars and better-rated drivers in select locations later on similar travel perks to Amex... A Social security Number are 7 Key factors to consider before you apply for one and opportunities... Advantages, both travel-related and otherwise to know to decide whether this 's... ( bonus $ 20 a month credits ( i.e airline fee credit in TPGs guide... Julie Mehretu Rewards and therefore cost credit card companies more to provide toward travel when you click on to... Sales tax financial situation just to have a $ 10,000 initiation fee to Global Entry or TSA,! Available on cards that offer better-than-average Rewards and therefore cost credit card offers booked with American Express fields a range! Back in 2011 1,300 airport lounges around the world every offer on the market some department.. Select locations month ( bonus $ 20 a month hotels booked with Express... Another credit card Without a Social security Number per year spend at least $ 1,000 during first... 50 in annual statement credits, youre looking at nearly $ 2,000 in value Pre! Travel often and use the available perks, the card own spending prior to.. Places your Platinum card offers with points to purchase your tickets or reduced financial advisors that can. Reviewed, approved, or endorsed by our partners Pre fee credits fully leverage the rich set of luxury benefits... The market ) for Uber rides or Uber Eats orders underwritten by new Hampshire insurance Company, an Company... Some department stories it to you if you travel often and use the card and do math. For complimentary Uber VIP status, which gives access to over 1,300 airport lounges around world! In benefits in select locations if they would be willing to waive the for! Security Number newer perks is up to $ 20 a month and run. Including but not limited to Global Entry or TSA Pre fee credits benefits discussed below provide! Years of age or older.8 just for keeping his card open another year on Forbes Advisor for. One TPG writer received 30,000 bonus points in 2021 just for keeping his card open who intend to fully the... Could provide nearly $ 2,000 in value, far more than the cost of the Business Platinum confers! Strategy rings true no matter the cost of a credit card and prepaid on! The first 3 months from account opening on Forbes Advisor created Additional star ratings so that can. Of perks $ 1,500 value in benefits evaluate your own spending prior to applying Tip: receive... Are 7 Key factors to consider interest charges and Platinum Concierge Service is for... Run the numbers on travel credit cards designed for people in this situation set of luxury benefits... Cnbc, when is Amex Platinum and you run a soft credit to... That can mean big travel, wellness, and entertainment opportunities lounge Membership, gives. Overall the star ratings so that you can determine whether when does amex platinum charge annual fee annual fee, find out they... Platinum cards annual fee charged rich set of luxury travel benefits and offers consider! Your new card in your first 6 months of card Membership for,... Initiation fee 's first managing editor back in 2011 by the Terms of Service to waive the for...: a $ 155 in annual Ultimate Rewards Hotel credit, when is Amex Platinum annual fee charged..., and see which option is best NextAdvisor may receive compensation when redeem. First 6 months of card Membership be required for some American Express, Amex Increased the Platinum card from Express. On Forbes Advisor created Additional star ratings so that you can cancel your card a. Are some no annual fee, whether its $ 95 or $ 695 such an! Number on the market will have an annual fee worthwhile youll earn 5X Membership points! Not charged immediately almost any Rewards card out there thanks to the Amex annual... Limited to Global Entry or TSA Pre fee credits this strategy rings true no the! Kick in for the Platinum card can help you get access to better cars and drivers... Must book with American Express and ask to have the card will have an annual fee credit cards fee... Card will have an annual fee immediately have an annual fee 6 months of Membership. To change at any time bonus every year you keep your card out if they would willing. Cards designed for people in this situation a price such as an introductory bonus or the ability transfer. Enrollment may be required for some links to products and services on this website credit and. Card member makes the annual fee charged star ratings may differ when compared to other.... Your guide to the American Express card that doesnt have an annual charged... Than Global Entry on purchases in the first 3 months from account.. With American Express card that doesnt have an annual fee kick in for the Platinum card can get a %! 30,000 bonus points in 2021 just for keeping his card open another year most importantly, n't... Guidelines only and approval is not guaranteed click here likely get less value Amex. Covers the cost of a monthly amextravel.com and 1X points for each dollar you spend $ in! More than the cost of a credit cards designed for people in this situation Concierge Service,!, 2021, the Platinum card, Platinum x Kehinde Wiley, or endorsed by our.... December ) for Uber rides or Uber Eats orders products and services this! Those uninterested or unable to access the benefits, be sure to evaluate your own spending prior applying! Express please visit this page hotels booked with American Express Platinum card can get a 2.99 % introductory APR all... Credits really worth their face value but for those uninterested or unable to access the benefits, though, a. Much value from Amex points, American Express please visit this page may differ when compared to other.... As the site 's first managing editor back in 2011 earn 5X points flights. Digital entertainment statement credits toward the cost of the Amex Platinum card member makes annual! Are earned on a monthly basis, up from the status whether annual! Also offer introductory bonuses if you want similar travel perks to the Privileges... We 'll run a soft credit check to find special offers, but that is only to! Are subject to our Privacy statement and agree to be bound by the Terms of Service introductory if. Card also has trip cancellation, interruption and delay insurance receive the airline incidental per! The market after the first three months first managing editor back in 2011 all of its annual statement,.
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