American Express Platinum Card
American Express travel card with a $895 annual fee. Earns 5x on flights booked directly with airlines or on Amex Travel, up to $500,000 a year, 5x on prepaid hotels on Amex Travel, 1x on everything else.
Terms read from American Express's page on October 16, 2026. Rates and terms are set by the issuer and may change. We don't estimate approval odds.
Fees and rates
- Annual fee
- $895
- Foreign transaction fee
- None
Rewards
- 5x on flights booked directly with airlines or on Amex Travel, up to $500,000 a year
- 5x on prepaid hotels on Amex Travel
- 1x on everything else
Earns American Express Membership Rewards (US), valued at 0.6 cents as cash, 1 through the issuer's travel booking and 2 with transfer partners.
Credits, as counted
- Hotel credit ($300 twice a year): $600 a year40% used
- Uber Cash ($15 a month, $35 in December): $200 a year60% used
- Uber One membership credit: $120 a year30% used
- Airline fee credit: $200 a year60% used
- CLEAR Plus credit: $219 a year40% used
- Resy credit ($100 a quarter): $400 a year40% used
- Digital entertainment credit: $25 a month50% used
- lululemon credit ($75 a quarter): $300 a year30% used
- Walmart+ membership credit: $12.95 a month30% used
- Oura Ring credit: $200 a year10% used
- Equinox credit: $300 a year10% used
Perks, not valued
- Centurion and Priority Pass lounge access
- Hotel elite status
Not confirmed
- Welcome bonus amount: Amex shows it only after you apply.
Worked examples
Value on each spending preset, points redeemed as cash, typical use of credits.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student | $285 | $285 | $854 | Month 10 |
| Family | $490 | $490 | $1,469 | Month 8 |
| Frequent traveller | $657 | $657 | $1,972 | Month 7 |
Frequently asked questions
Is the American Express Platinum Card worth it?
On a family's spending ($3,350 a month, points as cash), it's worth $490 in year 1 and $490 a year after that, after a $895 annual fee. It pays for its fee by month 8.
What is the American Express Platinum Card welcome bonus?
Welcome bonus amount: Amex shows it only after you apply.
Does the American Express Platinum Card charge foreign transaction fees?
No. It charges no foreign transaction fee.
What isn't counted in its value?
The welcome offer is personalized when you apply, so it isn't counted. The spend requirement is $12,000 in 6 months. Credits are valued at partial use by default; most cardholders don't use every one. Set your own use with the credit slider.
Sources
Estimates for information only; not tax, legal or financial advice. See our methodology.