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Amex Platinum Benefits You Can Use – Forbes Advisor – Forbes

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When you think of cards packed with benefits, Th…….

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.

When you think of cards packed with benefits, The Platinum Card® from American Express (Terms apply. See rates & fees) likely comes to mind. The card has led the premium credit card market for decades. It even predates popular cards like the and Capital One Venture X Rewards Credit Card. However, with an eye-popping $695 annual fee, you might be unsure whether this card is a good fit for you.

Beyond a generous welcome bonus, the card offers lots of travel and retail perks that can make it worthwhile. Thanks to statement credits and elite status, the card is a convenient way to elevate your travel experience. If you leverage it correctly, you’ll receive well over $1,500 in benefits.

Here’s a look at the Amex Platinum benefits you might use the most:

American Express Platinum: Welcome Offer

The Amex Platinum Card’s welcome bonus is currently 100,000 Membership Rewards points after spending $6,000 on purchases on the card in the first 6 months of card membership. These points are worth at least $600 towards statement credits and well over $1,000 when redeemed for travel.

Membership Rewards points transfer to 20 airline and hotel partners, most of them at a 1-to-1 ratio or higher. Transferring points can help you stretch your welcome bonus through premium flights and luxury hotels.

American Express Platinum: Earning Rate

The American Express Platinum Card offers a limited set of category bonuses. Cardholders earn 5 Membership Rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases.

The Amex Platinum isn’t the best card if you want to earn rewards on daily spending. But when it comes to travel, it’s one of the best cards around.

American Express Platinum: Redeeming Points

While there are lots of options for redeeming your Amex Membership Rewards points, you’ll get more bang for your points on travel bookings. You can redeem points at 1 cent each towards Amex Travel bookings or well over 2 cents by transferring them to one of 20 airline and hotel partners. Here’s a look at some sweet spot awards you can book with your Amex Platinum welcome bonus:

  • Virgin Atlantic Flying Club: 10,000 miles one-way between the East Coast and London in economy class
  • Delta SkyMiles Deals: Round-trip domestic economy awards from 10,000 miles round-trip
  • Air France/KLM Flying Blue: 21,500 miles one-way to North Africa in economy class
  • Virgin …….

    Source: https://www.forbes.com/advisor/credit-cards/amex-platinum-benefits/

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