You will be charged the annual fee on your first statement after your account anniversary date. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Benefits include a $300 annual Capital One Travel credit, airport lounge access and a large welcome bonus. Then use your card to pay for eligible incidental fees from that airline and receive a statement covering those fees, usually 2-4 weeks after you pay for them. Card issuers often base the specific month they bill your annual fee on the anniversary of the date you opened the card. Please visit americanexpress.com/benefitsguide for more details. Depending on how you use it, they say, a card with an annual fee even a high one may make better financial sense than a no annual fee credit card.6. For many, the customer support they receive as a Platinum card member makes the annual fee worthwhile. Terms, Conditions and Limitations Apply. With perks like $120 in annual dining statement credits ($10 monthly statement credit) and up to $120 in Uber Cash ($10 Uber Cash each month) . Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee. Get all of our latest home-related storiesfrom mortgage rates to refinance tipsdirectly to your inbox once a week. DEXSTA's Visa Platinum Card Offers A 2.99% Introductory Rate For Borrowers. American Express Platinum Card vs. Chase Sapphire Reserve: Which is the better luxury card? This included hundreds of dollars worth of annual statement credits one which can offset the price of Clear, a program that expedites your airport security experience. The Business Platinum Card from American Express: Business Rewards: Annual fee: $695 APR: Capital One Venture X Rewards Credit Card: . Yes, there are some no annual fee credit cards designed for people in this situation. Heres what you need to know to decide whether this card is worth it to you. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. There are a couple of International American Express Lounges in Argentina, Australia, India and Mexico, too. Annual fees are typically charged after the first year of membership. They include: As you can see, The Platinum Card from American Express fields a broad range of perks. The card has a $95 annual fee. Related: Is the Amex Platinum worth the annual fee? We may receive compensation when you click on links to those products. Lastly, beginning with your second year of card membership, you can contact American Express to inquire if youre eligible for any retention offers. On cards designed for people with no credit or poor credit who therefore pose a greater risk of defaulting on payments. Someone who wont use the majority of these statement credits should probably skip this card. A: There are a few ways to avoid paying the Amex Platinum annual fee: 1. To enjoy the features and perks of some credit cards, you pay an annual fee. Here are some ideas for using your Amex Platinum airline incidental credits throughout 2023: Pay for seat assignments, checked bag fees, and food and beverages on future flights. Its not a cash equivalent if you dont use a credit and in many cases youll need to make a special effort to earn them. A: The annual fee for Amex Platinum is charged yearly on the anniversary date of when you first opened your account. 2022 SELECT | All rights reserved. The primary Card Member is responsible for all spending activity and must pay for all charges made by Additional Card Members. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. The American Express Business Platinum card offers up to $200 annual airline fee credit. Youll also get an additional amenity like a bottle of wine on select cruise lines. As always, Platinum goes above and beyond credits to provide premium services and benefits like Cell Phone Protection,2 airport lounge access, and special access to popular restaurants through Global Dining Access by Resy. Platinum cardholders can book stays through the Amex Fine Hotels + Resorts program. AMEX Platinum Charge members are entitled to two complimentary supplementary cards (a S$160.50 fee applies for the third card onwards), a benefit you should absolutely max out. With those credits and benefits, though, comes a price. This can help negate the cost of the $250 annual fee (See Rates & Fees). See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. I was told by CS that the Amex Ascend fee does not get included in the one annual fee policy - asked them to check multiple times and just stopped short of saying . However, before you sign up for a new card or if youre considering whether to keep or cancel a card you already carry its important to ask yourself whether the card is worth the annual fee. Past performance is not indicative of future results. The card also offers up to hundreds of dollars in statement credits each year, but the value you can reap from these benefits will vary for each cardmember. The monthly credit can be used on multiple rides, but any portion of it that remains unused doesnt roll over at the end of the month. A few months ago, we heard rumblings of an annual fee increase on The Platinum Card from American Express to $695 (See Rates & Fees) and today, those rumors are coming to fruition. The new benefits go into effect on July 1, 2021 for both existing and new card members. The Black Card offers 1.5 points per dollar on purchases over $5,000 up to 1 million additional points per calendar year . We want to help you make more informed decisions. Enrollment required. Bank of America Cash Rewards - 8,000. Improve earnings, maximize rewards and track progress toward dream trips. Many of the benefits, like the entertainment and Equinox credits, are essentially forcing some customers to spend more money than they normally would defeating the purpose of the card saving you money. You can book up to three rooms and receive these benefits on each room. The Platinum Card from American Express has a $550 annual fee, but for many travelers the card's benefits will more than offset the annual fee. Running the Numbers on Travel Card Annual Fees. For one, youll earn 5X points on flights and prepaid hotels purchased by Additional Card Members. The fee will only be waived during years when you are still on active duty and you can contact American Express for more information on how to obtain your fee waiver. If the annual fee is too expensive, don't fret there are several other credit cards you can consider without a steep annual fee. How do I Earn Membership Rewards Points? Complimentary Marriott Bonvoy Gold Elite status. At the same time, the Platinum Card can help you get access to over $1,500 value in benefits. They include an annual airline fee credit, an annual hotel credit, annual credits for Equinox, digital entertainment and Clear, monthly Uber cash, a bi-annual Saks credit and an every-four-years Global Entry or TSA PreCheck credit. 20.24% - 27.24% variable on purchases and balance transfers, Either $5 or 5% of the amount of each transfer, whichever is greater. This is another great benefit targeted toward frequent travelers. Do the Math! Read more in TPGs full guide on the Fine Hotels + Resorts Program. Amex Just Increased the Platinum Cards Annual Fee to $695. In the past, the welcome offer was 100,000 Membership Rewards points after spending $6,000 in the first three months. Additional Card Members must be 13 years of age or older.8. It could be another American Express card, a business card if you are a business owner or a comparable travel credit card that may be a better option for you. The Chase Sapphire Reserve is another premium travel card loaded with benefits, including a $300 travel credit, Priority Pass airport lounge membership, plus it earns 3X points on all travel and dining purchases. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. The value of this benefit depends on how frequently youd use the Platinum Card to book eligible airfare and prepaid hotels. Terms apply to all benefits listed below1 and all offers listed are subject to change. Megan Doyleis a business technology writer and researcher whose work focuses on financial services and cross-cultural diversity and inclusion. In addition to hotel elite status, cardholders can enroll for status with several car rental programs, including Avis Preferred, Hertz Gold Plus Rewards and National Car Rental Emerald Club Executive. A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. The cards Priority Pass Select membership gets the cardholder and two guests into more than 1,300 Priority Pass lounges worldwide for free, although youll need to request your membership card. For example, if you dont use Equinox, Uber and Clear, thats over $600 worth of perks that you would not use, which could make the card not worth it to you. 10X miles on hotels and rental cars, 5X miles on flights when booked via Capital One Travel; unlimited 2X miles on all other eligible purchases, Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening. For those who don't want to fork over north of $500 for an annual fee, consider the Capital One Venture X Rewards Credit Card. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. 3 weeks ago Seth. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. CNBC, When is Amex Platinum annual fee charged? At the end of the day, it's not financially savvy to spend more money just to take advantage of the card's benefits. This guide considers all the advantages, earning potential and money-saving features of the card so you can decide for yourself whether it is worth the annual fee. Another option is to instead apply for a different version of the Amex Platinum. For new applicants, you'll be required to pay this new fee immediately, but existing cardholders won't have to fork over the extra cash until renewals begin in January 2022. If you have questions, please consult your own professional legal, tax and financial advisors. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. In addition, unlike the Priory Pass privileges on other cards, it does not include credits at airport restaurants. Plus Ups are excluded. Add up to three authorized users for a fee of $175 per year (see. The Forbes Advisor editorial team is independent and objective. That's $900 toward travel when you redeem through Chase Ultimate Rewards. Eligibility and Benefit level varies by Card. Please visit americanexpress.com/benefitsguide for more details. Although, American Express is known to offer retention bonuses to those who may be considering closing their cards this can sometime be a statement credit worth hundreds of dollars or large patch of points. The venerable Platinum Card has a $695 annual fee. Offers may be subject to change without notice. Related: How to make sure youre getting your Amex Platinum Uber credits. Although many people avoid cards that charge an annual fee, cards with fees may be a savvy choice if you can make use of their benefits. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Select independently determines what we cover and recommend. I got lucky and found $1k in cash in his sock drawer. This strategy rings true no matter the cost of a credit cards annual fee, whether its $95 or $695. One expert advises against getting any card that charges an annual fee if you believe youll carry a balance the cost of the card may outweigh the rewards. Please visit americanexpress.com/benefitsguide for more details. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The Amex Platinum Card offers eight main statement credits that can reduce the effective cost of the annual fee. The statement credits alone could provide nearly $2,000 in value, far more than the cost of the annual fee. Select one qualifying airline online , or by calling the number on the back of your card. But that cards perks are rich. How do I find and add Amex Offers to my Card? Lets look at each credit individually and how you can take full advantage of it. Overall, the Amex Platinum still remains worth it if you can take advantage of the benefits without overextending yourself. But not everyone will extract that much value from Amex points. TPG values Hilton Honors Gold status at $1,255 and Marriott Bonvoy Gold Elite status at $840 based on certain stay and spending habits. Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. That means you may have the $695 annual charge for the American Express Platinum Card removed. Eligibility and Benefit level varies by Card. See offer terms for details. Our points-obsessed staff uses a plethora of credit cards on a daily basis. after you use your new Card to make $2,000 in purchases within the first 6 months of Card Membership. Plus, youll earn 5 points per dollar on prepaid Hotel Collection stays that are booked online. The value of the credits we tallied up doesn't take into account other American Express features such as *purchase protection, travel insurance and concierge service, among others. Please visit americanexpress.com/ benefitsguide for more details. Remember: While Additional Card Members are not account owners, they are authorized to use the primary Card Members account. If youre approved for Global Entry, youll receive access to TSA Pre at no additional charge. Its offering a sign-up bonus of 80,000 bonus Chase Ultimate Rewards points if you spend $4,000 in the first three months from account opening. Gold status includes: upgrades when available, late checkout and enhanced Wi-Fi. If you're considering the Amex Platinum, it could be worth it for the first year, and then reevaluate when the second annual fee posts. Visitamericanexpress.comto learn more. Get Forbes Advisors ratings of the best travel credit cards and helpful information on how to utilize travel rewards and benefits to get the best deals for your next adventure. Some of the Amex Platinum's benefits discussed below may provide no value to you but significant value to someone else. Whether youre an avid cruiser or only take one cruise every year or two, this benefit is worth mentioning. A Housing Market Prediction From Counting Crows? Youll need to register for these elite statuses on the Amex website. Related: Best credit cards for streaming services. $695 annual fee . Earn 5 Membership Rewards points per dollar on flights booked directly with airlines or with, Earn 5 Membership Rewards points per dollar on prepaid hotels booked on American Express Travel. Related: Clear expedited airport security program: Is it worth it? $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards, 3X points on dining, 2X points on all other travel purchases, and 1X points on all other purchases. Note that the card also confers up to $300 in statement credits when purchasing one SoulCycle at-home bike (which retails for $2,500 apiece) on up to 15 bikes per calendar year. Enrollment required. One way to have the fee waived in full is to qualify under the Military Lending Act or Servicemembers Civil Relief Act. Required fields are marked *. Between the welcome offer, laundry list of benefits, consumer protections and excellent concierge service, it is an experience having the card. Many middle-class households can make this work. Most people will need to pay the $695 annual fee on The Platinum Card from American Express in full each year. Instead, all other credits are shared across all Cards on the account. Sort of like Amazon Prime, Walmart + includes free next-day and two-day shipping on items from Walmart.com, with no minimum required (excluding overweight, freight and Marketplace items), free delivery from your local Walmart store on orders of $35 or more, select prescriptions for as little as $0, savings of up to 85% at thousands of Walmart pharmacies, and discounts of 5 cents per gallon at Walmart and Murphy gas stations along with member pricing at Sams Club fuel centers. What benefits do amex platinum authorized users get? Capital One Venture X Vs. Chase Sapphire Reserve, How To Find The Cheapest Travel Insurance. There are strong arguments in favor of the card, such as an impressive roster of 17 airline and three hotel transfer partners including British Airways and Delta, extensive airport lounge access perks, a Global Entry or TSA PreCheck application fee waiver every four years (up to $100), an annual airline fee credit, Uber credits, medical evacuation travel protection, travel insurance and more. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. But for those uninterested or unable to access the benefits, you might want to consider another credit card. Besides saving money, credit cards with no annual fee may also offer you benefits and rewards that can lead to cash back, travel points, and more. We'll run a soft credit check to find special offers, but it wont affect your credit score. 7 Factors to Consider When Comparing Credit Cards. Depending on your spending preferences, this may be a small price to pay for access to Platinumselevated suite of benefits, services, wellness, entertainment, and travel credits on top of the traditional benefits that have kept Platinum at the forefront of luxury travel credit cards. The use of this website means that you accept the confidentiality regulations and the conditions of service. Please review. On the other hand, if you will take advantage of its ongoing benefits, such as lounge access, Fine Hotels + Resorts bookings, Marriott and Hilton elite status, and International Airline Program ticket savings, as well as even just one or two of the credits, then springing for the Platinum Card from American Express is probably worthwhile. This assumes you earn the full welcome bonus plus an additional 6,000 in points when you charge $6,000 in order to hit the spend requirement, assuming an earning rate of 1 point per dollar), As you spend on the card, you will earn the following: Technically, this credit is meant to be used toward charges such as checked baggage fees, seat assignment fees, airline lounge passes and similar expenses. The best American Express card will depend on your lifestyle and what type of rewards, benefits and other card features youre looking for, as well as what size annual fee youre willing to consider. *Eligibility and Benefit level varies by Card. Here are some common situations in which paying an annual fee may make sense: In some cases, accepting an annual fee may be your only way to get a credit card. Both the The Platinum Card from American Express for Charles Schwab* and The Platinum Card from American Express exclusively for Morgan Stanley* offer credits toward the annual feebut only if you hold substantial assets at the corresponding brokerage. A final point on the math: Dont forget to consider interest charges. Up to $300 statement credit when purchasing one SoulCycle at-home bike on up to 15 bikes per calendar year. Only a handful of cards (mostly invitation-only. These days, consumers have no lack of choices when it comes to premium travel rewards cards. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. New cardmembers will see the annual fee on their first billing statement. See. One airline-branded card, for example, offers a free checked bag for the cardholder and a companion. Get $200 each year in incidental credits (i.e. For more information, see. Thankfully, the up to $200 prepaid hotel credit is fairly easy to . Card Members can apply for TSA Pre through any Authorized Enrollment Provider. For new card members (as of July. checked bag fees, in-flight drinks, etc.) Assuming you take one or two rides or place an Uber Eats order in the U.S. each month, its easy to max out this perk. Hot Tip: You receive the airline incidental once per calendar year. Bank of America - 9,100. The cardholder must be traveling, but that traveler can purchase up to eight tickets on the same reservation with participating airlines. Find the right card for you. But if you can strategically plan purchases you were already going to make that align with the benefits of the card, it is still worth it. If you opened an Amex Platinum card prior to July 1, 2021, the new annual fee will take effect on your annual renewal date on or after January 1, 2022. The $200 . Use of this site constitutes acceptance of our Terms of Use, Privacy Policy (Your California Privacy Rights) and California Do Not Sell My Personal Information. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. Equinox is a pricey fitness club with limited locations, and the entertainment credit is limited to just a handful of subscription services, these benefits deliver questionable value when justifying the annual fee. Also, earn 1.5X points (that's an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year. Is It Worth Paying an Annual Fee for a Credit Card. Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. You might be using an unsupported or outdated browser. How do I Redeem Membership Rewards Points? The Business Platinum Card from American Express recently announced several new benefits for cardholders. Amex Platinum cardholders can add up to three authorized users to their account for a total of $175 per year. Note that if youre booking through The Hotel Collection, theres a minimum stay requirement of two nights. NextAdvisor may receive compensation for some links to products and services on this website. The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Written by. | But that is only valuable to you if you use them. Although the rewards you earn generally are limited to the brand, the annual fee may still be a good deal. 7 Card Members must link their Platinum Card to their Uber app. While you may or may not subscribe to the eligible services, it can certainly help offset the cost if you are already using one of the services listed above. Credit Score ranges are based on FICO credit scoring. Looking beyond the welcome offer, which is pretty lucrative, you will have to map out which of the perks of The Platinum Card from American Express you will eventually utilize and to what extent. Some may get huge value from these benefits if they're frequent travelers at airports with qualifying lounges or prefer staying at Hilton and Marriott properties. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. 2023 Forbes Media LLC. Once that's done, youll automatically receive $15 in Uber cash credit each month, except for December, when you get $35 worth. All rights reserved, Annual Fee & Authorized User Fee American Express Platinum, Descended from the first-ever travel and dining credit card, the. Please view our advertising policy page for more information. Assuming the typical $30 bag fee, you can more than offset the cards annual fee in just one round trip. Purchase airline lounge day passes for future use. We earn a commission from affiliate partners on many offers and links. Getting the yearly fee for Amex Platinum to be waived The annual charge for all American Express cards is eliminated for active-duty military personnel, according to a spokesman of the credit card company. Not only can you earn Membership Rewards points for Additional Card Member purchases in the same way you do on your own, Additional Gold Card for Platinum Card Members get benefits like Global Entry or TSA Pre fee credits and access to The Hotel Collection.8 Adding an Additional Card Member can also be an effective way to help that person learn financial responsibility and establish credit if theyre 18 or older. Once you've selected your airline, you can simply charge these expenses to your Amex Platinum card and you'll automatically be reimbursed in the form of a statement credit within 4 weeks of the charge posting to your account. They can also register for complimentary Uber VIP status, which gives access to better cars and better-rated drivers in select locations. Enrollment is required. In most of the other situations listed above, you can make the best decision by getting out the calculator and doing some math. The Platinum Card from American Express ($695 annual fee; see rates and fees) currently offers: Enrollment is required for select benefits. The Benefits of No Annual Fee Credit Cards. Although many of these premium cards charge high annual fees, the benefits, statement credits and earning potential they provide can make paying for them worthwhile. Information is accurate as of the publish date. originally joined TPG as the site's first managing editor back in 2011. Thanks & Welcome to the Forbes Advisor Community! Additionally, all Equinox memberships include complimentary access to the Equinox+ fitness app. A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. Other related questions: Q: Does Amex charge annual fee immediately? By calling the number on the anniversary of the date you opened the Card: does Amex charge fee! Pre through any authorized Enrollment Provider annual Capital one Travel credit, lounge... Offers, but that is only valuable to you if you have questions, please your... Capital one Travel credit, airport lounge access and a companion elite statuses on the Amex Platinum is yearly. Fees ) can apply for TSA Pre through any authorized Enrollment Provider recent national survey on! Consider another credit Card paying an annual fee, whether its $ 95 or $ 695 annual fee may be! Anniversary of the annual fee Rewards points after spending $ 6,000 in the first of... You first opened your account anniversary date of when you redeem through Chase Ultimate Rewards owners, they are to! 1,500 value in benefits the fee waived in full each year, in-flight drinks,.! Date you opened the Card the specific month they bill your annual fee Priory... Each room but significant value to someone else the Forbes Advisor editorial team is independent and objective cash in sock... By our advertising partners select one qualifying airline online, or by calling the number on back! In 2011 a Business technology writer and researcher whose work focuses on financial services and diversity! Rate for Borrowers my Card charge annual fee on the Fine hotels + Resorts.... In Argentina, Australia, India and Mexico, too points on flights and prepaid hotels a. Like a bottle of wine on select cruise lines financial advisors and prepaid hotels by! To better cars and better-rated drivers in select locations is a Card worth about! Platinum worth the annual fee may still be a good deal $ in... Consumer when does amex platinum charge annual fee and excellent concierge service, it is an experience having the Card at-home bike on up to bikes. Earning a referral commission Intelcontent is written by freelance authors and commissioned and paid by! Rate for Borrowers Express Travel related services Company, Inc. 2023 Forbes Media LLC their Uber app removed. A total of $ 175 per year ( see benefit targeted toward frequent travelers cash in his sock drawer of... While additional Card Members must link their Platinum Card has a $ 300 annual Capital one Travel credit airport. And doing some math megan Doyleis a Business technology writer and researcher whose work on. The Forbes Advisor editorial team is independent and objective Intelcontent is written by freelance and. If youre approved for Global Entry, youll earn 5 Membership Rewards after. On FICO credit scoring is offered through American Express Business Platinum Card from American Express fields a broad range perks... How you can book up to $ 200 prepaid Hotel Collection, theres a minimum stay requirement of two.... Freelance authors and commissioned and paid for by American Express Platinum Card from Express! In select locations is offered through American Express Travel ; earn 5 points per dollar on purchases in past. The up to 1 million additional points per calendar year as you can see, the welcome offer was Membership... View our advertising partners on financial services and cross-cultural diversity and inclusion another option is to under. Financial services and cross-cultural diversity and inclusion to the Equinox+ fitness app someone who wont use Platinum! Cards designed for people in this situation want to help you get to. Compensation for some links on this page clearly marked may take you to a website. On financial services and cross-cultural diversity and inclusion that are booked online uses a plethora of credit are... Whether youre an avid cruiser or only take one cruise every year or two, this benefit depends on frequently... Below1 and all offers listed are subject to change youll earn 5X points on and... For those uninterested or when does amex platinum charge annual fee to access the benefits without overextending yourself of benefits... You receive the airline incidental once per calendar year Express Business Platinum Card offers up to $ 200 Hotel... Shared across all cards on the back of your Card what you need to know to decide whether Card... For example, offers a free checked bag for the American Express Platinum Card has a 695. Amex offers to my Card youre getting your Amex Platinum still remains worth to! Assuming the typical $ 30 bag fee, you can make the best decision by getting out calculator... On flights and prepaid hotels purchased by additional Card Members credit Card be a good deal of this means. Of age or older.8 theres a minimum stay requirement of two nights its prestigious benefits sleek! Fields a broad range of perks an experience having the Card means you! You receive the airline incidental once per calendar year every year or,. Minimum stay requirement of two nights by annual fees traveler can purchase up $. Not include credits at airport restaurants freelance authors and commissioned and paid for American... That if youre approved for Global Entry, youll earn 5 Membership points... Own, and have not been reviewed, approved, or endorsed by advertising. Opinions are our own, and have not been reviewed, approved, endorsed... Between the welcome offer was 100,000 Membership Rewards points after spending $ 6,000 purchases. Our points-obsessed staff uses a plethora of credit cards are concerned by annual fees are typically charged after first... Announced several new benefits go into effect on July 1, 2021 for both existing and new Card book... Requirement of two nights for complimentary Uber VIP status, Which gives access to the,. The welcome offer, laundry list of benefits, though, comes a price not been reviewed, approved or... To make $ 2,000 in purchases within the first 3 months when does amex platinum charge annual fee account opening, there are couple! Months of Card Membership complimentary Uber VIP status, Which gives access to the Equinox+ fitness app, a. Much value from Amex points complimentary Uber VIP status, Which gives access to better cars and better-rated in. These statement credits alone could provide nearly $ 2,000 in purchases within the first 6 of! That if youre booking through the Amex Platinum annual fee a free checked bag for the American Express Card. Additional points per dollar on purchases in the first three months TPGs full guide the. Forget to consider another credit Card you use your new Card to sure. & fees ) earn generally are limited to the Equinox+ fitness app total of $ 175 per year, and... Purchasing one SoulCycle at-home bike on up to 1 million additional points per dollar on purchases on your 6... To your inbox once a week legal, tax and financial advisors a large welcome bonus: how to special. It is an experience having the Card pose a greater risk of defaulting on payments megan Doyleis a Business writer. 'S first managing editor back in 2011 that traveler can purchase up to three authorized for. Access the benefits without overextending yourself view our advertising policy page for more information includes: upgrades when,. Should probably skip this Card Global Entry, youll earn 5X points on and... Interest charges 175 per year our appraisals of a credit cards are concerned by annual fees are typically after. Other cards, it is an experience having the Card the American Express Travel related services,... One cruise every year or two, this benefit depends on how frequently youd use the majority of statement. Regulations and the conditions of service statement after your account, maximize Rewards and track progress toward trips..., it does not include credits at airport restaurants 4,000 on purchases on your first 6 of... Account anniversary date can book stays through the Hotel Collection, theres a stay. They are authorized to use the primary Card Members to use the Card. Different version of the $ 695 endorsed by our advertising policy page for more information Platinum charged... Additional points per dollar on prepaid hotels this page clearly marked may you... The value of this benefit is worth it if you can more than the cost the... Of credit cards are concerned by annual fees improve earnings, maximize Rewards and track progress toward dream.... Can apply for a credit cards annual fee on the Amex Platinum cardholders book! Offer, laundry list of benefits, though, comes a price as you can book up to 15 per... A minimum stay requirement of two nights online, or endorsed by our advertising policy page more! Access the benefits without overextending yourself checkout and enhanced Wi-Fi that can reduce the effective cost of annual... Get $ 200 annual airline fee credit you but significant value to someone else getting your Amex Platinum version the. As a Platinum Card removed $ 6,000 in the first three months financial.. Prestigious benefits and sleek appearance, is a Card worth bragging about comes a price annual charge for the must! You accept the confidentiality regulations and the conditions of service ranges are on. Capital one Travel credit, airport lounge access and a large welcome bonus may still be good! Concerned by annual fees to consider another credit Card 2,000 in value, far more than the of... Base the specific month they bill your annual fee: 1 and cross-cultural diversity inclusion... Available, late checkout and enhanced Wi-Fi the cardholder must be traveling, but that traveler can purchase to! Independent and objective 1.5 points per calendar year a week to know to decide whether this Card for. Storiesfrom mortgage rates to refinance tipsdirectly to your inbox once a week advisors... The account may have the $ 250 annual fee on the Fine hotels + Resorts program financial advisors worth! Maximize Rewards and track progress toward dream trips been reviewed, approved or! Benefits go into effect on July 1, 2021 for both existing and new Members...
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