American Express
Amex Platinum
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Card review
Amex Platinum
American Express
Last updated September 21, 2026· Rates, fees, and credits from WalletFlo's OneCard catalog (refreshed hourly). Verify current terms on the issuer site.
Annual fee
$695
Welcome bonus
80,000 Membership Rewards points
Est. net value
$1,921/yr
Credit score
Good
Top earn rate
10% travel
Overview
How this card fits in your wallet — fees, value, and who it's built for.
The Amex Platinum from American Express carries a $695 annual fee. On WalletFlo's typical spend profile, the OneCard engine estimates $876.00 in rewards plus $1,740.00 in credits and perks — $1,921.00 net per year before welcome bonuses.
How the points work
5x flights & prepaid hotels (Amex Travel), 1x everything else
Rewards post to membership rewards.
Earning rates
Category bonuses from our catalog — verify current offers on the issuer site.
| Category | Rate |
|---|---|
| TravelFlights | 10% |
| TravelHotels | 10% |
| DiningDining | 2% |
| TravelTravel | 2% |
| GroceriesGroceries | 2% |
| GasGas & Transit | 2% |
| EntertainmentStreaming | 2% |
| Everything elseShopping | 2% |
| Everything elseOther | 2% |
Welcome offer
80,000 Membership Rewards points
- Spend $8,000 in 180 days
- Est. value: $1,600 (WalletFlo catalog)
Credits & benefits
Statement credits and perks we model in net-value calculations.
Credits
- Airline Fee Credit$200/yr
Annual statement credit toward incidental fees on a selected airline
- Uber Cash$200/yr
$15/mo + $20 in December
- Hotel Credit$200/yr
Prepaid bookings via Amex Fine Hotels & Resorts
- Digital Entertainment$240/yr
Up to $20/mo on streaming services
Benefits & perks
- Lounge Access$800/yr
Access to 1,400+ airport lounges worldwide via Priority Pass and Centurion Lounges.
- Global Entry / TSA PreCheck$100/yr
Statement credit for Global Entry ($100) or TSA PreCheck ($85) application fee.
Included, not priced
- Trip Protection
Trip delay reimbursement up to $500/ticket after 6+ hour delays. Trip cancellation up to $10,000/trip.
Insurance cover and point awards. The issuer publishes a figure for each, but those are claim limits and points balances, not dollars a year, so we leave them out of the totals above.
Transfer partners
Where this card's points can go, and at what ratio. 18 partners.
- Air Canada Aeroplan1:1
- Air France KLM Flying Blue1:1
- ANA Mileage Club1:1
- Avianca LifeMiles1:1
- British Airways Avios1:1
- Cathay Asia Miles1:1
- Delta SkyMiles1:1
- Emirates Skywards1:1
- Etihad Guest1:1
- Iberia Plus1:1
- Qantas Frequent Flyer1:1
- Qatar Privilege Club1:1
- Singapore KrisFlyer1:1
- Virgin Atlantic Flying Club1:1
- Aeromexico Rewards1:1
- Choice Privileges1:1
- Marriott Bonvoy1:1
- Hilton Honors1:2
Work out what a transfer is worth in the transfer calculator.
Is the annual fee worth it?
Quick breakeven from stated credits and perks — open the full tool to dig deeper.
Credits & perks vs fee
- Annual fee
- −$695
- Stated credits
- +$840
- Perks (est.)
- +$900
- Net after credits & perks
- $1,045
Verdict
Credits & perks offset the fee on paper
Only valuable if you'd use those credits anyway — rewards on spend can close any remaining gap.
WalletFlo calculator tools
Micro-tools for this card — each opens a dedicated calculator with your context pre-filled where possible.
Reward Calculator
Estimate annual rewards and net value on your spend.
Side by Side Compare
Compare against another card with the same spend profile.
Is the Annual Fee Worth it?
See if credits and perks offset the annual fee.
Points & Miles → $ Converter
Convert membership rewards points to dollar value.
Awards vs Cash Calculator
Compare redeeming points for travel vs cash back.
Transfer Partner Calculator
Model transfer ratios to airline and hotel partners.
Reward calculator
Model this card on your spend — adjust categories and compare with others.
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Compare Amex Platinum
Head-to-head guides for cards shoppers often cross-shop.
Frequently asked questions
- What credit score do I need?
- We flag 720+ as a typical starting point — issuer approval depends on your full profile.
- Is the annual fee worth it?
- See the annual fee analysis above, or open the full calculator to model credits and perks against $695 per year.