The Platinum Card from American Express
$895 annual fee · $2,994/yr in printed statement credits · 1x on everything else · no foreign transaction fees
Earn rates
| Category | Rate | Cap |
|---|---|---|
| Flights | 5x | on the first $500,000/year |
| Everything else | 1x | uncapped |
| Issuer travel portal portal only — pays only if you book through the issuer's own site, so it is excluded from every ranking on this site |
5x | uncapped |
See how it ranks: best flights cards.
Signup bonus: 175,000 points after $12,000 in 6 months. We never count unearned bonuses in savings math — a bonus you don't clear is worth zero.
Statement credits — $2,994/yr on paper
| Credit | Value | How it pays |
|---|---|---|
| Hotel Credit (Fine Hotels + Resorts / The Hotel Collection) | $600/year | twice a year |
| Airline Fee Credit | $200/year | annual · enrollment required |
| Uber Cash | $200/year | monthly · enrollment required |
| Uber One Credit | $120/year | annual |
| CLEAR Plus Credit | $219/year | annual |
| Resy Credit | $400/year | quarterly · enrollment required |
| Digital Entertainment Credit | $300/year | monthly · enrollment required |
| lululemon Credit | $300/year | quarterly · enrollment required |
| Walmart+ Credit | $155/year | monthly |
| Oura Ring Credit | $200/year | annual · enrollment required |
| Equinox Credit | $300/year | annual · enrollment required |
Monthly and quarterly credits expire if unused — that's where most of their printed value quietly disappears.
Non-cash perks
- Global Lounge Collection: Centurion Lounges, Priority Pass Select (enrollment required), 10 Delta Sky Club visits per year on eligible Delta flights, Escape/Plaza Premium and partner lounges (1,550+ lounges)
- Global Entry ($120 every 4 years) or TSA PreCheck (up to $85 every 4.5 years) application fee credit
- Fine Hotels + Resorts: daily breakfast for two, room upgrade when available, $100 property credit, 4pm checkout
- The Hotel Collection: $100 property credit on stays of two nights or more
- Marriott Bonvoy Gold Elite status
- Hilton Honors Gold status
- Leaders Club Sterling status from The Leading Hotels of the World
- Avis Preferred Plus, Hertz Gold Plus President's Circle, National Emerald Club Executive car rental status
Does the fee earn out?
The printed statement credits ($2,994/yr) cover the $895 fee on paper — if you'd spend that way anyway. Credits you have to remember, enroll in, or change behavior for are worth less than face value. Our app tracks each one against your actual charges.
Is this $895 fee worth it? See the break-even math →
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
Compared head-to-head
- The Platinum Card from American Express vs Chase Sapphire Reserve — which earns more?
- The Platinum Card from American Express vs American Express Gold Card — which earns more?
- The Platinum Card from American Express vs Sapphire Reserve for Business — which earns more?
- The Platinum Card from American Express vs Citi Strata Premier® Card — which earns more?
- The Platinum Card from American Express vs The Platinum Card from American Express Exclusively for Charles Schwab — which earns more?
- The Platinum Card from American Express vs The Platinum Card from American Express Exclusively for Morgan Stanley — which earns more?
- The Platinum Card from American Express vs Royal ONE Plus Visa Signature — which earns more?
- The Platinum Card from American Express vs Capital One Venture X — which earns more?
- Capital One Venture X vs Chase Sapphire Reserve vs The Platinum Card from American Express — all three side by side
- The Platinum Card from American Express vs American Express Gold Card vs Blue Cash Preferred Card from American Express — all three side by side
- Chase Sapphire Reserve vs The Platinum Card from American Express vs Citi Strata Elite℠ Card — all three side by side
- Capital One Venture X vs Citi Strata Elite℠ Card vs The Platinum Card from American Express — all three side by side
Don't want the fee any more?
The Platinum Card from American Express can normally be product-changed to 2 lower-fee cards in the American Express Membership Rewards family instead of being closed — which keeps the account, its age and its credit line.
What does The Platinum Card from American Express downgrade to? →
Comparing cards in the same currency? See the best cards that earn Amex Membership Rewards →
More from American Express
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-09-03 against issuer terms · sources: www.americanexpress.com · frequentmiler.com · onemileatatime.com. Spot an error? Tell us.