Both the personal and business versions of the American Express Platinum Card offer the best suite of perks in the industry. There are so many perks that I wrote a separate post to review them.

The personal version’s annual fee is $550, and the business version’s is $595. Both fees are NOT waived the first year. But you can derive positive expected value from either card if you use the benefits consistently each year. In that case, you can consider the annual fee an investment.


Common Perks

Travel Insurances

Cardholders may take advantage of Amex’s Trip Delay, Trip Cancellation, and Trip Interruption Insurances starting in January 2020.

You can receive up to $10,000 if your air travel gets cancelled or interrupted for a qualifying reason. Furthermore, you can be reimbursed up to $500 if your flight gets delayed at least six hours. One use of any of these insurances can justify the card’s annual fee.

Airline Incidental Credits

All versions of the Platinum Card give you $200 in airline incidental fee credits per year. Amex intends them to be used for incidentals like in-flight purchases and checked bags.

Before the summer of 2019, people were able to purchase gift cards to activate the credits. However, American Express has since tightened the rules and stopped gift card purchases from activating the credits.

Airport Lounge Access

This perk gives you access to over 18,000 airport lounges around the world. These include Amex’s own Centurion Lounges, Priority Pass, Delta (if you’re flying Delta the day you visit), and Airspace Lounges. The lounges give you a nice space to relax, eat, drink, and get ready before boarding your flight.

Centurion Lounges also include the two Centurion Suites at Staples Center (Los Angeles, California) and Barclays Center (Brooklyn, New York). These suites are great for watching basketball and hockey games while saving hundreds of dollars.

American Express cards no longer have access to Priority Pass restaurants as of August 1, 2019. This includes all versions of the Platinum card and American Express co-branded cards.

Marriott & Hilton Gold Elite Status

You receive automatic Gold Elite Status from the world’s two largest hotel chains. Both chains offer free room upgrades (when available) that could justify the annual fee within one trip.

Hilton Gold Elite Status gives you free breakfast for two for each day you stay, a fifth night free when using points, two bottles of water, and an 80% points bonus towards future free nights. This is one of the best perks that comes with any version of the Platinum Card, especially if you frequently stay at Hilton hotels.

Marriott Gold Elite Status gives you a small points bonus when you check in, a 2 PM checkout time, and exclusive hotel discounts. Unfortunately, Marriott Gold Status is not worth much given the few perks it comes with. This is especially true because room upgrades at Marriott are rare even for those with mid-level status.

Global Entry / Pre-TSA Fee Waiver Credits

You will receive a credit once every 4-5 years to waive the fee for either program. I suggest going with Global Entry because Pre-TSA comes with that membership automatically. The Global Entry credit has a total value of $100, which can be broken down to $25 per year (assuming the credit lasts for four years).

Global Hotel Collection

This perk gives you a $75 (personal) or $100 (business) statement credit and a room upgrade. The room upgrade could be worth hundreds of dollars (and possibly justify the card’s annual fee), depending on where you stay. The catch is that you need to book you a hotel room with your Platinum card through

Global Dining Collection

Foodies rejoice! This benefit lets you dine at some of the best restaurants in the world. You might also meet a celebrity or world-renowned chef after your meal.

Preferred Seating

This is a great perk for those who love live entertainment. You will have access to getting tickets to events before the general public. In turn, you also get the best seats because you’ll have first choice.

However, seats can be very expensive relative to sites like Ticketmaster and Stubhub. The extra expense is yet another way that American Express makes money from their cardholders. Be sure to price around before using this perk.

Platinum Concierge

This is a great way to get reservations for popular restaurants and events that are sold out to the general public. Many fancy restaurants hold seats for Platinum and Centurion cardholders to take advantage of this benefit.

Pay Over Time

This feature lets you finance larger expenses over time for a high interest rate. It’s a common benefit for all business and personal charge cards. But its still noteworthy, especially for businesses.

Amex sometimes offers a bonus of 10,000 MR points if you enroll. I was given this offer for my Business Platinum and I gladly accepted. If you get the same offer, I highly recommend taking it. You don’t have to use this perk once enrolled.


Personal Only

Uber Credits & Uber VIP Status

Personal Platinum cardholders receive a $15 monthly Uber credit from January to November and a $35 credit in December, for a total of $200. The credits can only be used within the US and they don’t carry over after a given month ends. Plus, VIP Status lets you only receive drivers with a rating of at least a 4.8 out of 5.0.

Saks 5th Avenue Credits

This perk gives you two $50 credits to Saks every six months. You could receive hundreds in value if you shop there at least twice per year and combine the credits with an Amex Offer.


Business Only

Dell Credits

These credits are useful for technology companies and people wanting to buy computers or other technology. The credits are split into two $100 credits that are issued every six months. You will receive one credit in January, which expires on June 30. And you will receive the other credit in July, which expires on December 31.

35% Points Rebate

Business Platinum cardholders will receive a 35% points rebate for future trips when they use MR points to pay for a trip on This perk increases the value of your points and gives an incentive to use Amex’s travel website.

Note that is oftentimes more expensive than third-party booking sites or even booking directly with the airline or hotel. Price around and make sure that the 35% rebate is valuable enough to justify booking through Amex.

Avis, Hertz, & National Status

This benefit gives you mid-tier status at the three car rental companies. My family and I primarily rent from Enterprise, so these benefits will only be useful if Enterprise can’t help me.


Final Draw

Both versions of the American Express Platinum Card have the best perks in the business. The key with holding either card is to consistently use as many perks as possible. In doing so, you will increase your positive expected value and justify the Platinum’s high annual fee.

However, cardholders should be aware of Amex’s rules and gimmicks with the Platinum Cards. Amex often makes their perks difficult to use to save money. For many travelers, perks that are hard to use can be very frustrating. Such frustration was one reason why I cancelled my Business Platinum Card in September 2019.


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