The Platinum Card from American Express by American Express: 5x flights / airfare direct or via portal, 5x hotels via portal, 1x everything else. $895…
The The Platinum Card from American Express is American Express's premium credit card. The $895/yr annual fee includes a 175,000-point welcome bonus after spending $12,000 in the first 6 months. Beyond the welcome bonus, here's what the card actually delivers.
| Credit | Value | What it covers |
|---|---|---|
| Digital Entertainment | $300/yr ($25/mo) | $25/mo statement credit toward eligible digital entertainment (Disney+, Hulu, ESPN+, Peacock, NYTimes, Paramount+, WSJ, YouTube TV, YouTube Premium) |
| Uber One membership | $120/yr | Up to $120/year ($10/mo equivalent) in statement credits after purchasing an auto-renewing Uber One membership with the Platinum Card. |
| CLEAR Plus | $219/yr | Reimburses one CLEAR+ membership, up to $219 per calendar year |
| Resy U.S. restaurants | $400/yr ($100/qtr) | $100/quarter at U.S. Resy-affiliated restaurants |
| Uber Cash | $200/yr | $15/mo Jan-Nov + $35 Dec total $200/yr Uber Cash for Uber rides + Uber Eats in U.S. |
| Lululemon | $300/yr ($75/qtr) | $75/quarter at Lululemon (U.S. retail + online, excluding outlets) |
| Equinox | $300/yr | Up to $300/yr toward Equinox club membership or Equinox+ subscription |
| Airline incidental fee | $200/yr | Up to $200/yr in statement credits for incidental fees (bag, in-flight purchases, lounge passes) on one selected airline per calendar year |
| Oura Ring | $200/yr | Up to $200/yr toward Oura Ring purchases or Oura subscription |
| Walmart+ | $155/yr | One Walmart+ monthly subscription ($12.95 + tax)/mo, total ~$155/yr |
| Global Entry / TSA PreCheck application fee | $120/quadrennial | Statement credit every 4 years after paying for Global Entry ($120) with the Platinum Card, OR up to $85 every 5 years for TSA PreCheck via an official enrollment provider. Global Entry includes TSA PreCheck. |
| Lodging credit (FHR/THC/Airbnb Luxe) | $600/yr ($300 per half-year) | Up to $300 in statement credits semi-annually (January to June, July to December), up to $600 per calendar year, on prepaid Fine Hotels + Resorts, The Hotel Collection and Airbnb Luxe bookings through Amex Travel. The Hotel Collection and Airbnb Luxe need two consecutive nights; effective January 1, 2027, Fine Hotels + Resorts bookings also need a two-night minimum. Renamed from the $600 Hotel Credit on October 22, 2026. |
| Airbnb Experiences credit | $250/yr | Up to $250 in statement credits per calendar year on Airbnb Experiences sold directly by Airbnb, unlocked by a prepaid Airbnb Luxe booking through Amex Travel, with an Airbnb account linked to the Amex online account. It can be reversed if every qualifying Luxe booking is cancelled. |
Welcome bonus value (year one): ~$3500. Annual statement credits: $3364. Minus the $895 annual fee = ~$5969 in year-one net value before any spending earn. RewardsGuru rating: 4.4/5 — based on our net-value methodology.
Best fit: frequent travelers who can use the lounge access, statement credits, and elevated earn rates on travel and dining. Skip if: you'd let the annual statement credits expire unused or you only travel 1-2x per year.
175,000 points after spending $12,000 in the first 6 months. At our ~2¢/pt valuation, that's roughly $3500 in real value.
Year-one math: welcome bonus value (~$3500) + annual credits ($3364) − $895 fee = ~$5969 net before spending earn. Year-two onward, the credits alone need to clear $895 — they do. Worth it if you'll use the credits, skip if you'd let them expire.
13 recurring statement credits: Digital Entertainment ($300/mo), Uber One membership ($120/yr), CLEAR Plus ($219/yr), Resy U.S. restaurants ($400), Uber Cash ($200/mo), Lululemon ($300), Equinox ($300/yr), Airline incidental fee ($200/yr), Oura Ring ($200/yr), Walmart+ ($155/mo), Global Entry / TSA PreCheck application fee ($120), Lodging credit (FHR/THC/Airbnb Luxe) ($600), Airbnb Experiences credit ($250/yr). Total: $3364/yr.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. American Express's product page has the current rate.