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See how you can use your Platinum Card® benefits to make the most of your trip. Basic Card Members may only receive one Schwab Appreciation Bonus each year of Card Membership. You can use the deposits in your eligible Schwab account to purchase investments available through Schwab.
Crazy 150,000 points bonus with Amex Business Platinum Card
Actually, there are even more benefits offered by American Express Platinum that are listed here. While a good number of these benefits reset with the start of every calendar year, some of them just roll over if you continue holding the Amex Platinum card. Cardholders earn 5x Membership Rewards® points on flights and prepaid hotels on AmexTravel.com.
Shop and travel with the power of American Express Membership in your pocket.
This can go a long way toward helping a friend or family member with poor credit since American Express will report your on-time payment history and credit utilization rate to the respective credit bureaus for every cardholder on your account. Use these questions to estimate the yearly value your additional Platinum cardholder will get. If that's significantly higher than the new $195 annual fee, it's worth it.
The Platinum Card® from American Express: Basics
The Amex Platinum Card has a much longer list of benefits and credits, while the Chase Sapphire Reserve arguably has better bonus earning categories. You'll also want to take a look at the Amex and Chase programs' transfer partners to get a sense of which rewards will be easier for you to redeem. Read our full Amex Platinum vs Chase Sapphire Reserve comparison for more details. In addition, the Platinum Card includes Uber VIP status and up to $200 Uber Cash (enrollment is required) — split into monthly $15 credits for U.S. rides or U.S.
In-Flight And Airport Internet Services
Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Amex Platinum authorized users can also access the Cruise Privileges and International Airline Programs. Meanwhile, additional Platinum cardmembers and companion cardmembers can access Amex Offers and the Auto Purchasing Program. Additional Platinum cardholders receive complimentary Hertz Gold Plus Rewards President's Circle, Avis Preferred Plus and National Emerald Club Executive status. Now, these are known as companion Platinum cards, which don't incur annual costs but also feature very limited benefits.
Marriott and Hilton elite status
Travel and gift card redemptions are generally the most valuable. You need good to excellent credit to get approved for an Amex Platinum Card, which FICO typically defines as a score of 700 or higher. Keep in mind that American Express also considers other factors into application decisions, such as your income and ability to repay debts. “Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy. Platinum Card® Concierge is available day or night to help Platinum Card Members with special requests for dining, travel and more. Find offers nearby from brands you love and add to your Card instantly.
Best American Express Credit Cards of April 2024 US News - U.S News & World Report Money
Best American Express Credit Cards of April 2024 US News.
Posted: Fri, 26 Apr 2024 07:00:00 GMT [source]
Is the Amex Platinum worth the annual fee?
For rates and fees of The Business Platinum Card® from American Express, please click here. While the credit cannot be used to compensate for ticket purchases or upgrades, it can be used to compensate for checked bag fees or in-flight purchases such as food and movies. All in all, they’re very helpful for anyone who’s a frequent traveler. They easily justify and actually more than makeup for the steep $695 annual fee.
The Platinum Card has a public welcome bonus for new cardholders of 100,000 Membership Rewards points after you spend $6,000 on purchases on the card in the first six months of card membership. While that's a significant amount, keep in mind that each bike retails for $2,500 before taxes and fees. Therefore, the utility of this benefit will likely be fairly limited. In addition, you must purchase the bike in one transaction with your Platinum Card (meaning you can't finance it and also receive the $300 statement credit). The recent increase in annual fee also accompanied an array of new perks — ones that could still easily offset its new $695 price tag (see rates and fees) if you are able to put them to good use.
A worthy contender in the premium card market is the Chase Sapphire Reserve®. Similar to the Amex Platinum, the card carries a steep annual fee but also a number of benefits and credits that can justify that price tag if fully maximized. In exchange for the $550 annual fee, the card comes with a $300 annual travel credit, Priority Pass Lounge access with enrollment, Global Entry or TSA PreCheck reimbursement and benefits at hotels in the Luxury Hotels and Resorts collection. Certain travel spending excepted, you won't earn more than 1 point per dollar with The Platinum Card® from American Express.
The Amex Platinum Card comes with an underrated perk that can be a lifesaver if you have an emergency while you're away from home. Cardholders get access to Amex's Premium Global Assist Hotline, which can help arrange things like passport replacement, medical referrals, and translation services. Cardholders can also get an extended warranty on eligible items when they use their Amex Platinum Card to pay — up to one additional year added to eligible U.S. manufacturer's warranties of five years or less. When you pay for an eligible item with the Amex Platinum Card, you can be covered for loss or damage up to 90 days from the date of purchase, up to a maximum of $10,000 per occurrence and $50,000 per year.
Sure, I’ll request one of these cards, though it won’t impact my choice to put spending on the card. As of today (Thursday, January 20, 2022), Amex Platinum cardmembers can choose from two new card designs. This is available for consumer cards issued in the United States, for both new and existing cardmembers.
The benefits listed above are ones that do not require spending more than the value of the benefit. With most travel cards, the rewards you earn for your spending are the signature feature. To be sure, the welcome offer for new cardholders is lucrative, but even earning 5X points on eligible flights and hotel stays, you'll have to book an awful lot of travel before you earn back that fat annual fee.
Those include at least one helpful option in each major airline alliance (SkyTeam, Star Alliance and Oneworld). According to TPG's latest monthly valuations, Amex Membership Rewards points are worth 2 cents each, making this bonus worth $1,600. The current welcome bonus for the Amex Platinum is 80,000 Membership Rewards points after you spend $8,000 on purchases within the first six months of card membership. My husband and I are in the habit of putting our everyday expenses on a credit card and paying the card off once a week (although once a month would work just as well).
The Delta Credit Card Made From a Retired Boeing 747 Is Back—and Offering up to 75000 Bonus Miles - AFAR Media
The Delta Credit Card Made From a Retired Boeing 747 Is Back—and Offering up to 75000 Bonus Miles.
Posted: Fri, 26 Apr 2024 16:41:15 GMT [source]
Underwritten by New Hampshire Insurance Company, an AIG Company.²Eligibility and Benefit level varies by Card. American Express Membership Rewards points don’t expire as long as your account is open, and points earned from multiple Amex Membership Rewards cards are automatically pooled into one Membership Rewards account. Points are also transferable to and can be worth even more if redeemed strategically after being transferred to other travel loyalty programs. Travelers can often get outsized value for their points by taking advantage of the transfer options, and NerdWallet values Membership Rewards as much as 2 cents each when redeemed this way. To qualify for the Amex Platinum Card, you most likely need a good-to-excellent credit score (generally a FICO of 670 or higher), a steady income, and a history of paying your bills on time. There is the option on eligible purchases to use Amex’s Pay Over Time feature, which carries an APR.
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