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When it comes to rewards card, there are many reasons to keep multiple credit cards in your wallet. But in my opinion, there is one that’s most important to keep The Platinum Card® from American Express in my wallet. In this post I’ll share 5 reasons I got the platinum card (and why it stays in my wallet).
5 Reasons I Got The Platinum Card
The $200 Statement Credit
I always use The Platinum Card® from American Express $200 statement credit on airline incidentals. Each year cardholders can receive receive up to $200 a year in statement credits when incidental fees are charged by the airline to card account.
You must select your preferred airline when you receive the card and your credit will be applied for qualifying charges related to that airline. You must select your airline, so do that first, otherwise the charges won’t be credited. Once you select you can use the credit on a number of incidental fees for the airline like baggage charges, add-ons, etc. Some reports indicate that gift card purchases qualify, but your miles may vary.
Here are the full details of the $200 statement credit.
Statement Credits: Incidental air travel fees must be charged to the Card Member on the eligible Card Account for the benefit to apply. Purchases made by both the Basic and Additional Card Members on the eligible Card Account are eligible for statement credits. However, each Card Account is eligible for up to a total of $200 per calendar year in statement credits across all Cards on the Account. Incidental air travel fees must be separate charges from airline ticket charges. Fees not charged by the Card Member’s airline of choice (e.g. wireless internet and fees incurred with airline alliance partners) do not qualify for statement credits. Incidental air travel fees charged prior to selection of a qualifying airline are not eligible for statement credits. Airline tickets, upgrades, mileage points purchases, mileage points transfer fees, gift cards, duty free purchases, and award tickets are not deemed to be incidental fees. The airline must submit the charge under the appropriate merchant code, industry code, or required service or product identifier for the charge to be recognized as an incidental air travel fee. Please allow 2-4 weeks after the qualifying incidental air travel fee is charged to your Card Account for statement credit(s) to be posted to the Account. We rely on airlines to submit the correct information on airline transactions, so please call the number on the back of the Card if statement credits have not posted after 4 weeks from the date of purchase. Card Members remain responsible for timely payment of all charges. To be eligible for this benefit, Card Account(s) must be active and not in default at the time of statement credit fulfillment. If a charge for any incidental air travel fee is included in a Pay Over Time feature balance on your Card Account (for example, Sign & Travel), the statement credit associated with that charge may not be applied to that Pay Over Time feature balance. Instead, the statement credit may be applied to your Pay In Full balance.
Complimentary Hilton Gold (And Starwood Gold) Status
The card comes with complimentary Hilton Gold Status which you can read more about here. It also comes with complimentary Starwood Gold Status. These status levels can get you cool benefits like upgrades, complimentary wifi and others when staying at eligible hotels.
Here are the details of the Hilton Gold Status.
Here are the details of the SPG Gold status.
As a Platinum Card® Member or Business Platinum Card® Member you are eligible to enroll in complimentary Starwood Preferred Guest® (SPG ®) Gold Preferred Guest status. Once you request enrollment within the Starwood Preferred Guest Program at Gold level, American Express will share your enrollment information with Starwood Hotels & Resorts Worldwide, Inc. (“Starwood”). Starwood may use this information in accordance with its privacy statement available at spg. You will maintain Gold Preferred Guest status without meeting otherwise required SPG Program criteria as long as you remain an eligible American Express Card Member or until American Express notifies you that the benefit is terminated. SPG member benefits are subject to change, availability and certain eligibility requirements. Reservations booked through third parties and online booking sources are not eligible. For complete SPG Program terms visit spg. SPG program amenities may be combined with the FINE HOTELS & RESORTS program. Upgrades are based upon availability and will vary by property.
The Centurion Lounge Benefit
Cardholders also gain access to the exclusive Centurion Lounges at airports. In addition, Priority Pass Select offering access to over 600 domestic and international airport lounges.
I’ve been to a number of Centurion Lounges including:
- Las Vegas Lunch,
- LaGuardia Happy Hour, LaGuardia Lounge Review, LaGuardia Breakfast
- Dallas Lounge Review
- San Francisco Review
Here are the details of the Centurion Lounge benefit.
Platinum Card Members have unlimited complimentary access to all locations of The Centurion Lounge. Gold Card and Green Card Additional Cards on your Platinum Card account are not eligible for complimentary access. Card Members may bring up to two (2) companions into The Centurion Lounge. To access The Centurion Lounge, the Card Member must present The Centurion Lounge agent with the following upon each visit: his or her valid Card, a boarding pass showing a confirmed reservation for same-day travel on any carrier and a government-issued I.D. Failure to present this documentation may result in access being denied. Card Members will not be compensated for changes in locations, rates or policies. A Card Member must be at least 18 years of age to enter without a parent or legal guardian. For locations with a self-service bar, the Card Member must be at least 21 years of age to enter without a parent or legal guardian. Must be at least 21 years of age to consume alcoholic beverages. Please drink responsibly. Card Members are allowed access to The Centurion Lounge in all U.S. locations. American Express reserves the right to remove any person from the Lounge for inappropriate behavior or failure to adhere to rules, including, but not limited to, conduct that is disruptive, abusive or violent. Access is subject to space availability. Hours may vary by location and are subject to change. Amenities vary among The Centurion locations and are subject to change. Services and amenities in the Lounge are complimentary, however you are responsible for any purchases and/or servicing charges you authorize our Member Services Professionals to perform on your behalf. Some American Express Cards are not eligible for all services provided by Member Services Desk. American Express will not be liable for any articles lost or stolen or damages suffered by the purchaser or visitor inside The Centurion Lounge. Use of The Centurion Lounge is subject to all rules and conditions set by American Express. American Express reserves the right to revise the rules at any time without notice. ©2017 American Express Travel Related Services Company, Inc. All rights reserved.
Fee Credit For Global Entry and TSA Pre Check
Cardholders will receive a statement credit every 5 years after you apply for Global Entry ($100) or TSA Pre✓ ($85) with an eligible Platinum Card From American Express. If approved, you can get expedited screening at select airports. If approved for Global Entry, at no additional charge, you will receive access to TSA Pre✓. Each Additional Card on eligible Card accounts is also eligible for one statement credit every 5 years for an application fee. To receive the statement credit, the application fee must be charged on the eligible Additional Card.
Overview of this benefit.
The benefit is available to (i) Corporate Gold Card Members, (ii) Consumer Platinum Card® Members, Corporate Platinum Card® Members and Business Platinum Card® Members, and (iii) Centurion® Card Members. The benefit is also available to Additional Platinum and Centurion Card Members on eligible Consumer and Business Card accounts. To receive the statement credit, Additional Platinum and Centurion Card Members must charge the application fee to the eligible Additional Card account. Card Members are eligible to receive statement credit every 4 years for the application fee for either Global Entry or TSA Pre✓® when charged to an eligible Card. Card Members will receive a statement credit for the first program (either Global Entry or TSA Pre✓® ) to which they apply and pay for with their eligible Card regardless of whether they are approved for Global Entry or TSA Pre✓®. However, Card Members can receive no more than one $85 credit or $100 credit, depending on which program the Card Member first applies for, every 4 years for an application fee charged to an eligible Card. American Express has no control over the application and/or approval process for Global Entry or TSA Pre✓®, and does not have access to any information provided to the government by the Card Member or by the government to the Card Member. American Express has no liability regarding the Global Entry or TSA Pre✓® Programs. U.S. Customs and Border Protection (CBP) (for Global Entry) and U.S. Transportation Security Administration (TSA) (for TSA Pre✓®) charge an application fee to process each respective application regardless of whether the Card Member’s application is approved. American Express will provide a statement credit for the application fee regardless of the decision made by CBP (for Global Entry) or TSA (for TSA Pre✓®) but will not provide a statement credit for subsequent application fees charged to the same eligible Card within 4 years, even if the original application is rejected.
Membership for Global Entry or TSA Pre✓® is per person, and a separate application must be completed for each individual.
For additional information on the Global Entry or TSA Pre✓® programs, including information regarding the application and/or approval process and for a list of participating airlines and airports, as well as the full terms and conditions of the programs, please go to www.globalentry.gov for Global Entry and www.tsa.gov for TSA Pre✓®. The Global Entry or TSA Pre✓® programs are subject to change, and American Express has no control over those changes.
5x Points Rewarded On Eligible Flights & Hotels
Cardholders can earn a whopping 5x bonus on eligible flights and hotels booked directly with American Express. These can add up, especially if you travel several times a year.
Overview of this benefit.
You will get one point for each dollar charged for an eligible purchase on your Platinum Card from American Express. You will get 4 additional points (for a total of 5 points) for each dollar spent on eligible air and hotel purchases. Eligible air purchases are purchases of scheduled flights made directly with a passenger airline or through American Express Travel (via the phone by calling 1-800-525-3355 or online via amex), minus returns and credits. Charter flights, private jet flights, flights that are part of travel packages, tours, or cruises, and flights booked via the phone through American Express Travel on airlines that do not accept American Express are excluded. Eligible hotel purchases are prepaid hotel purchases or prepaid travel packages booked on amex with your eligible Platinum Card (including The Hotel Collection or flight+hotel packages) and charged to the same eligible Platinum Card, minus returns and credits. Eligible hotel reservations must be made on or after 3/30/2017 for additional points. To modify a reservation, you must cancel and rebook your reservation. You can cancel and rebook your reservation on amex or by calling a representative amex at 1-800-297-2977. Cancellations are subject to hotel cancellation policies. If hotel reservations are made or modified directly with the hotel provider, the reservation will NOT be eligible for 5X points. Eligible air and hotel purchases do NOT include FINE HOTELS & RESORTS bookings, hotel group reservations or events, car rental or cruise purchases, ticketing service or other fees, interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents.
You will get one point for each dollar charged for an eligible purchase on your Platinum Card® from American Express. You will get 4 additional points (for a total of 5 points) for each dollar spent on eligible travel purchases made on amextravel.com. Eligible travel purchases include the following purchases made on amextravel.com: scheduled flights, prepaid hotel purchases (including The Hotel Collection), travel packages (flight + hotel packages), minus returns and other credits. Eligible hotel reservations must be made on or after 3/30/2017 for additional points. Eligible travel purchases do NOT include FINE HOTELS & RESORTS bookings, car or cruise purchases, hotel group reservations or events, ticketing service, cancellation or other fees, interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents. To be eligible for the 5x Membership Rewards® points, you must both reserve and charge the travel purchase with the same eligible Platinum Card®. To modify a reservation, you must cancel and rebook your reservation. You can cancel and rebook your reservation on amextravel.com or by calling a representative of amextravel.com at 1-800-297-2977. Cancellations are subject to hotel cancellation policies. If hotel reservations are made or modified directly with the hotel provider, the reservation will not be eligible for this 5X Membership Rewards® point benefit. Bonuses you may receive with your Card on other purchase categories or in connection with promotions or offers from American Express may not be combined with this benefit. Merchants are assigned codes based on what they primarily sell. A purchase will not qualify for additional points if the merchant’s code is not eligible. The benefits associated with the Additional Card(s) you choose may be different than the benefits associated with your basic Card.
We didn’t cover here but were also factored into our decision to keep the card in our wallet include:
- Generous signup bonus offer – adds points to your American Express point balance after meeting minimum spending
- Global lounge access and Delta Sky Club access
- Airline companion ticket
- Uber rides with Platinum
- Fine Hotels & Resorts
- Hotel Collection
- No foreign transaction fees
- Car rental privileges
- Car rental loss and damage
- Boingo wifi
- Purchase protection
- No pre-set spending limit
- Roadside assistance
- Ability to transfer points to airline and hotel partners
- Pay with Points option
The Platinum card is loaded with a bunch of perks and has a great sign-up offer, making it a great card to get. The ones above at the top 5 reasons I got the Platinum American Express Card. If you don’t already have the The Platinum Card® from American Express, consider the benefits above and if the card makes a good addition to your wallet. You can apply for the card here.
Editorial Note: Opinions, analyses, reviews or suggestions expressed on this site are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This post was accurate at the time of posting, offer may be unavailable on this site at a later time. For details on current offers visit the card issuer’s site.