Home Credit Cards Benefits Of The American Express Platinum Card – Is the Amex Platinum Worth It?

Benefits Of The American Express Platinum Card – Is the Amex Platinum Worth It?

written by Matt September 3, 2015
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The American Express Platinum Card Offers A Huge List of Benefits

One of the first things I’ve noticed when friends ask me for advice on what airline miles card they should get, they almost always talk about the annual fee. Most are completely unaware that annual fees exist while some are outraged at the $95 a year (which is pretty standard for an airline credit card).

Given this, you can imagine the look on people’s faces when I tell them the fee involved with the Platinum Card from American Express.


Annual Fee – $450

Yes. $450 a year is a pretty hefty annual fee. To make things worse, it isn’t even waived for the first year (like most airline credit cards). But before you get switched off of this American Express card, let me show you why it’s worth it by going over its incredibly lengthened list of benefits.

Bonus Points

  • The platinum card currently comes with a sign up bonus of 40,000 Membership Rewards points (after $3k in spending in the first 3 months)
American Express points are pretty valuable. With numerous airline and hotel transfer partners and common transfer bonuses, Amex membership rewards can be incredibly valuable and can take you anywhere in style.
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American Express Airline Transfer Partners

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Amex Hotel & Retail Transfer Partners

Airport Lounge Access

  • The Platinum Card comes with a complimentary membership to Priority Pass. This gains you access to over 850 airport lounges worldwide!
  • American Express Centurion Lounge Access – This alone may make the annual fee worth it. While there aren’t a lot of Centurion lounges (more are coming) they’re by far the best lounges I’ve visited. Lounges currently exist in Miami, San Francisco, New York LaGuardia, Dallas Ft. Worth and Las Vegas. If you’re based in one of these cities or travel here often, get the Platinum Card. You won’t be disappointed

Amex Centurion Lounges Are The Best – Las Vegas Pictured Here

$200 Airline Fee Credit Annually

  • Each calendar year you receive $200 in airline credits to the airline of your choice. You only get to choose one airline every year so choose wisely. Credits can cover checked baggage fees, in flight purchases and more. They won’t cover airfare fees though.

Hilton HHonors Gold Status

  • The Amex Platinum gives you Hilton gold status for free! Benefits of gold status include free room upgrades when available, a 25% bonus on all HHonors points you earn, free nights, complimentary room internet access, late checkout, express checkout and many more!
  • **You can also get this benefit with a membership to FoundersCard (use code: FCMATTHEW084 and save $300!)


Global Entry and TSA Pre Check Fee Credit

  • Apply for Global Entry and TSA Pre Check and have the application fee of $100 refunded to you as a statement credit.

Avoid The Long TSA Lines With The Global Entry/TSA Pre Application Fee Benefit


If you travel often, especially internationally, and don’t have these, go get it NOW! TSA Pre allows you access to expedited security at most US airports while Global Entry allows you expedited customs when traveling back to the United States from an international destination. If you’ve ever sat in a customs line for hours then I don’t have to tell you how valuable this can be!

Still not convinced? Lets keep going!


  • Platinum Travel Service – Platinum travel counselors specialize in providing custom itineraries and tailored recommendations to help you make the most of your travels.
  • Fine Hotels & Resorts – Similar to Visa Signature Hotels, Fine Hotels and Resorts is a network of some of the best hotels worldwide. Benefits include room upgrades when available, late check out, early check in, free breakfast, free Wi-Fi and more!
  • Boingo – Enjoy free Wi-Fi in airports and over 1,000,000 hotspots worldwide.
  • Car Rental Privileges – Enjoy free membership in premium car rental programs. Receive upgrades and discounts.

Starwood Preferred Guest Gold Status

  • Complimentary SPG gold status! Receive free upgrades, resort credits, free drinks, Wi-Fi and more!

No Foreign Transaction Fees

  • Never get charged for transactions when traveling abroad. Believe it or not, fees can add up if you’re not careful!


  • Platinum Card Concierge – Need help with anything regarding your Amex Platinum; call the concierge specifically dedicated to Platinum Card holders. Available at any time.
  • By Invitation Only – Be invited to VIP events only for Amex Platinum holders. Events include sporting events, fashion, fine dining and more!
  • Preferred Seating – With preferred seating, you’ll have access to premium seats for select cultural and sporting events.


  • Purchase Protection – Shop with confidence with your Amex Platinum card. Your card will protect and reimburse you for damaged, lost or stolen merchandise.
  • Return Protection – If you try to return a product within 90 days on purchase and the vendor refuses to accept the return, Amex will offer you a statement credit.
Wow. Writing this just made me realize how many benefits the Amex platinum carries.
Still think the $450 fee is too much?
I don’t!

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