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Credit Card Review · American Express

The Platinum Card from American Express Review

The premium travel card with the best lounge network — Centurion, Delta Sky Club, Priority Pass, and more.

Reviewed by destination.com editorial·Updated ·How we rate cards
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Our rating
4.4 / 5
Annual fee
$895
Welcome bonus
Up to 175,000 Membership Rewards points
Learn More

Welcome bonus

Up to 175,000 Membership Rewards points after you spend $12,000 in eligible purchases on your new card in your first 6 months of Card Membership. Offer varies by applicant; personalized on approval.

Spend requirement
$12,000 in 6 months
Estimated value
Worth $3,500+ when transferred to airline partners

Rewards structure

Perks & benefits

Who this card is for

Pros & cons

Pros

  • The best premium lounge network on any card — Centurion is worth the fee alone for frequent flyers
  • 5x on flights is category-leading for anyone spending $10K+/yr on air travel
  • Total credit value ($1,400+) exceeds the annual fee if you actually use them
  • Complimentary Hilton and Marriott Gold status opens free breakfast and upgrades

Cons

  • $895 annual fee is the highest in the mainstream premium market (raised in 2026)
  • Credits are broken into monthly buckets — miss a month, lose the value forever
  • 1x on non-travel spend is weak; you need a second card for daily use
  • Priority Pass access no longer includes restaurants (removed 2019)

Our take

The Amex Platinum is the maximalist premium travel card, and at $895 it is now the most expensive premium card on the market. If you fly internationally through Centurion Lounge cities (JFK, LAX, MIA, LHR, and increasingly more) and would use those lounges anyway, the card can still effectively pay for itself before you factor in the $200 airline credit or $200 Uber cash. For high-volume flyers, this is the card that earns its fee three times over — but the fee is now high enough that casual travelers should skip it.

The catch is real: the Platinum's monthly-credit structure demands you use it on Amex's terms, not yours. Fifteen dollars a month in Uber Cash sounds like $180/year — it's only that if you Uber every month. Same with the hotel credit, the CLEAR credit, the Walmart+ credit. The card rewards the customer who is engaged with the ecosystem and punishes the one who is not. If you are not the former, the effective annual cost is closer to $500-600 net.

The main strategic question is Platinum vs. Sapphire Reserve. The Platinum wins on lounge network and airline earn rate; the Reserve wins on everyday earn rate (3x travel and dining) and transfer partner quality (Hyatt). With both cards recently raising fees ($895 Platinum, $795 Reserve), sophisticated points users are increasingly picking one, not both. If you fly less than 40 segments a year and value Hyatt transfers, the Reserve is the better card.

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