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In total, that's more than $1,300 in potential credits for an annual fee increase of $145. When you choose to apply (and are approved) for a new credit card through our site, we may receive compensation from our partners, and this may impact how or where these products appear. Please view our advertising policy and product review methodology for more information.
American Express Launches a Limited-Time Offer on the Business Platinum—Here’s who should apply
Subtract the $695 annual fee that I paid this year, and I came out ahead by $480. Given most of this stuff required only initial enrollment and then no other work, that's a pretty awesome return on investment. As a cardholder, I'm eligible for $15 a month in Uber Cash (plus a bonus $20 in December), for a total of $200 a year. Before we bought a house, we got delivery often because we were busy and we could afford it. Now, the budget is a little tighter, but we still enjoy at least one night a month where we let dinner come to us.
Julie Mehretu and Kehinde Wiley Redesign AmEx Platinum Cards
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Find offers nearby from brands you love and add to your Card instantly. Stay on top of things, keep control of your account, and access digital tools all within the American Express® App. See how you can use your Platinum Card® benefits to make the most of your trip.
Compare the Amex Platinum Card
Eligible purchases (see below) must be made directly with the participating partners in the U.S. locations where the partners’ services are available. Purchases by both the Basic Card Member and Additional Card Members on the enrolled Card Account are eligible for statement credits. However, each Card Account is eligible for up to $20 in statement credits per calendar month, for a total of $240 per calendar year in statement credits across all Cards on the Account.
The upshot is that our valuations help you understand the actual value you can easily get from your miles and points. Platinum Card® Concierge is available day or night to help Platinum Card Members with special requests for dining, travel and more. Keep tabs on your account activity with fraud, payment, and purchase notifications.
And part of what made that tolerable was the fact that I could spend my layovers being productive (and well fed) in airport lounges. The other reason businesses should be excited about this card is the 50% point bonus on purchases of $5,000 or more. The best way to use this would be on a large travel purchase made with American Express Travel, so your 50% bonus would be on top of the 5x bonus category.
Another American Express business card comparison worth making is with the company’s no-annual-fee business card, the Blue Business® Plus from American Express card. The Blue Business Plus has a welcome offer of 15,000 Membership Rewards points after spending $3,000 in the first three months of card membership, worth just $300. You’ll earn a flat 2X on all purchases, leaving you with 21,000 points after meeting the sign-up bonus — just a 7 percent return on your spending. If you’re looking for a no-annual-fee card to balance out the Amex Platinum card’s $695 annual fee, the Amex Blue Cash Everyday is a great choice.
The Guide to Adding an Authorized AmEx Platinum User - NerdWallet
The Guide to Adding an Authorized AmEx Platinum User.
Posted: Tue, 12 Mar 2024 07:00:00 GMT [source]
You get one credit for Global Entry every four years (up to $100), or one credit for TSA PreCheck every 4.5 years (up to $85). Since that's how long your enrollment lasts, it works out nicely. All told, I probably got at least 10 lounge visits out of my card this summer alone. I value a visit around $50 a pop, so I count this as a solid $500 in value. For rates and fees of the Amex Platinum Card, please click here.For rates and fees of the Amex Business Platinum, please click here. They share many common features, including the sleek metal design and access to Amex Offers.
If you're a frequent-to-constant traveler who doesn't mind spending money for quality and would love to be rewarded for doing so, then it might be a perfect fit for your wallet. Membership Rewards points are worth a baseline value of about 0.5 cents to 1 cent each, depending on how you redeem them. Travel and gift card redemptions are generally the most valuable. Typically, most folks who are approved for the Amex Platinum Card have a credit score in the good to excellent range. Amex recently made the Equinox credit more useful by making it usable toward any membership (previously was restricted to Equinox All Access, Destination, E by Equinox, or Equinox+).
Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on your Platinum Card. The Platinum Card® from American Express was introduced as a charge card, meaning your balance was due in full every month. However, cardholders can now carry a balance on certain purchases with American Express's Pay Over Time feature, which allows the card to function more like a traditional credit card. If you can use the Amex Platinum Card's generous range of benefits, you can get a value that far exceeds the card's $695 annual fee. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation.
Please contact the card issuer to verify rates, fees, and benefits before applying. If you aren’t certain whether the Business Platinum Card is the right fit, take some time to research and compare other top business credit cards to ensure you pick the best credit card for your small business needs. One thing to keep in mind before you apply is that American Express has a strict once-per-lifetime policy for its welcome offers. If you’ve earned the Business Platinum Card’s welcome bonus in the past, you may be ineligible to receive it again.
While the Amex Platinum is one of the best cards for travel, it’s not the most well-rounded card for infrequent travelers. It falls short in terms of offering generous rewards outside of travel spending and benefits you can use every day. By adding a card to your wallet that makes up for these deficiencies without a steep annual fee, you can potentially earn more points, get more perks and meet your travel goals. If you’re looking for a business card to pair with your Amex Platinum, the Amex Blue Business Plus Credit Card is an excellent choice. It has no annual fee (see rates and fees) and earns 2X points on the first $50,000 spent per calendar year on eligible purchases (then 1X points). All other purchases earn 1X points, making this a great card for maximizing business spending.
If you spend a lot on dining, whether by eating out or ordering in, and at U.S. supermarkets, the American Express® Gold Card is worth considering. It earns 4x points at restaurants and 4x points at U.S. supermarkets (on up to $25,000 per calendar year, then 1x), and it offers up to $10 in monthly statement credits at select restaurants. It has a lower annual fee of $250, but it doesn't offer the various luxury travel benefits of the Amex Platinum Card. If you're on the fence, read our Amex Gold Card review for more info. Sometimes it’s worth a large investment to reap the benefits of a great credit card.
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