Amex Platinum Benefits Guide: Maximize Value
The American Express Platinum Card is generally considered one of the top premium travel cards on the market, thanks to its endless number of benefits, unique perks, and ability to earn Membership Rewards Points. This happens to be a great time to sign up for the card with the targeted 125,000 point offers that people can get right now. In our Amex Platinum benefits guide, I will discuss the over 40 unique perks of your American Express Platinum card. This will particularly helpful for the slew of new cardholders who just signed up, as well as the many changes in perks & benefits recently.
Amex Platinum Benefits Guide Overview
The Amex Platinum card has so many benefits we thought it would be helpful to break them down for you and give you a little more information. I’ve highlighted and linked to relevant content from our site where appropriate to save you time. The not so great thing about the Platinum Card is the annual fee, which is going up to $695 for the personal version. Luckily, there are some ways to offset this fee and still get huge value from the card. You should also call every year when the annual fee is due for a retention offer. Here’s one example of a successful retention call.
One thing I want to note is that you’ll notice this guide covers the Personal Version of the Platinum Card. While there is a ton of overlap between the personal and business versions, I feel that the differences are enough to warrant a separate post for the business version.
Membership Rewards Points are extremely valuable. They are so valuable and useful that I devoted weeks of my life to doing a 2000 word post to teach people all the ways to earn and redeem them. You can check that out here: American Express Membership Rewards Points Guide: Including Best Ways to Earn and Redeem Rewards Points.
Additionally, the Platinum Card offers arguably the best return on spend for airfare as well as 5x points on certain hotel bookings.
- 5x Points on Airfare (This is on both AmexTravel.com and with airlines directly.) Note you will also receive airline miles.
- 5x Points on Prepaid Hotels booked through AmexTravel.com
- $300 Equinox Credit: Given as $25/month on purchases of select Equinox Fitness Club monthly memberships or a digital subscription to Equinox+ (the on-demand fitness app)
- $240 Digital Entertainment Credit: Given as $20/month on eligible purchases or subscriptions with Peacock, Audible, SiriusXM, and The New York Times
- $200 Annual Uber Credit + Uber VIP Status: Our Guide to Amex Platinum Uber Credit
- $200 Annual Airline Fee Credit: See Complete Guide to Maximizing Your Travel Credits
- $200 Annual Hotel Credit: On prepaid bookings at Fine Hotels + Resorts® or The Hotel Collection properties made through American Express Travel
- $179 CLEAR Credit: Annual statement credit for a CLEAR membership
- $100 Annual Saks Department Store Credit: How to Use the $100 Saks Credit
- $100 Fee Credit for Global Entry or TSA Pre✓ (every 5 years): Check out our 3 Part Guide to Global Entry
Amex offers can save you a ton of money and are a great way to get extra cashback or membership rewards points at a huge selection of retailers. Click here for Amex Offers we’ve posted about in detail.
American Express Global Lounge Collection: Related Posts and Info
- Las Vegas Centurion Lounge Review
- How Centurion Lounge Access Works for Platinum Cardholders
- New Centurion Lounge Coming to NY
- Priority Pass Select Membership (bring 2 guests at no additional fee): Guide: Priority Pass Select Membership Including How to Get it and Details on How to Use it.
Lounge Collection Programs and Partners: Official Page
- The Centurion Lounge
- International American Express Lounges
- Delta SkyClub
- Priority Pass Select*
- Escape Lounges
Travel Booking Benefits
The Fine Hotels & Resorts program is a collection of luxury hotels that give you awesome perks for booking through Amex Travel.
- Room upgrade upon arrival, when available
- Daily breakfast for two people
- Guaranteed 4pm late check-out
- Noon check-in, when available
- Complimentary Wi-Fi
- Unique amenity valued at US$100, such as a spa or food and beverage credit
Book The Hotel Collection with Amex Travel and get the following benefits at participating properties when you stay at least two consecutive nights:
- $75 Hotel Credit, to spend on qualifying dining, spa, and resort activities
- Room upgrade upon arrival, if available
- Pay with your Platinum Card and get 5X Membership Rewards points per dollar spent
- Pay with Points for all or part of your hotel stay
Click here for my Complete Guide to this excellent benefit: Complete Guide: American Express Platinum’s International Airline Program Discount. Offers flight discounts on premium economy, business and first class fares for participating airlines on up to 8 tickets when tickets are booked through Amex Travel and the Platinum Cardholder is flying on the itinerary. The list of airlines changes regularly but there are over 20 participating including Delta, American and Air France.
Premium Private Jet Program
Receive a 20% discount on Wheels Up Connect and a 40% discount on Wheels Up Core memberships. Plus, get a $500 or $2,000 credit added to your Wheels Up account to use toward your initial flight within your first year, depending on membership type. For more information, visit here.
When you search the Amex travel portal for airfare you will often see something called “Insider Fares” which give you a discount on flight prices if you pay the full cost in points. I have seen these deals on Alaska, Delta and American flights, though I assume there are other airlines included.
I recently used the Cruise Privileges Program and found the benefits were decent. I got an additional membership Rewards Point for each dollar of spend, a $200 on board credit and a decent bottle of champagne.
Earn 1 additional Membership Reward Point when you pay with your Amex card.
The Luxury Travel Collection Membership
Amex Platinum Benefits Guide – Elite Loyalty Status
Marriott Gold Status
- 50% bonus on eligible spend
- 4p.m. late checkout, subject to availability
- Upgrade to an enhanced room at check-in — corner room, higher floor, or better view.
Hilton Honors Gold Status
Rental Car Elite Status
Complimentary memberships for you, including special upgrades and savings, in premium car rental programs of Avis, Hertz, and National Car Rental.
Concierge Assistance: How much value you get out of this benefit really depends on you. If you utilize it, the concierge service can save you time and get tasks accomplished for you. Check out this thread on Flyertalk for all sorts of crazy request and outcome stories.
Global Dining Collection: I love this benefit. Restaurants included in the collection set aside reservations exclusively for Amex Platinum and Centurion card holders. In the past, I have called for reservations and was told the restaurant was booked, only to find out a few hours later that the Concierge agent was able to get me in! Information and Member restaurants.
ShopRunner: Free 2 days shipping with participating merchants. I get a ton of use out of this benefit with some of my favorite stores like Express and Under Armour (this benefit seems like it comes with every credit card, okay that’s a slight exaggeration but it’s very widespread.)
InCircle: Another shopping benefit that allows you to earn points on purchases from Neiman Marcus, Bergdorf Goodman and more without having a store card.
Amex Platinum Benefits Guide – Shopping Benefits
For a comparison of some popular cards protection benefits: Complete Guide to Credit Card Shopping Benefits
Amex will extend the manufacturer’s warranty of 5 years or less for an additional 12 months.
Protect eligible purchases made on your Card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the date of purchase.
If you try to return an eligible item within 90 days from the date of purchase and the merchant won’t take it back, American Express may refund the full purchase price (excluding shipping and handling), up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible Amex Card.
American Express added trip delay insurance to many of their premium cards in January of 2020. This will come in handy if you book a flight to earn the 5X Membership Rewards. If you flight is delayed by 6 hours or more you will now have some protections.
This is one of my favorite benefits on the Platinum card that I have never had to use thankfully.
You can be covered for eligible lost, damaged, or stolen baggage when you purchase the entire fare for a Common Carrier ticket (e.g. plane, train, ship or bus) on your eligible Card.
When you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver at the rental car counter, you can be covered if the car is damaged or stolen.
Amex Platinum Benefits Guide – Final Thoughts
As you can see, the American Express Platinum Card has a ton of benefits and depending on your needs it may very well be worth the $550 annual fee. Before applying make sure you check to see if you’re eligible for 100k Welcome offer. Platinum also happens to be my favorite premium card because of the elite status at Hilton, SPG and Marriott and the Membership Rewards program. Here’s our American Express Membership Rewards Points Guide: Including Best Ways to Earn and Redeem Rewards Points.