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 |
|---|---|---|
| Saks Fifth Avenue | $100/semiannual | $50 H1 + $50 H2 at Saks Fifth Avenue stores or saks.com |
| Digital Entertainment | $300/mo | $25/mo statement credit toward eligible digital entertainment (Disney+, Hulu, ESPN+, Peacock, NYTimes, Paramount+, WSJ, YouTube TV, YouTube Premium) |
| Uber Cash | $200/mo | $15/mo Jan-Nov + $35 Dec total $200/yr Uber Cash for Uber rides + Uber Eats in U.S. |
| 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. |
| Resy U.S. restaurants | $400/qtr | $100/quarter at U.S. Resy-affiliated restaurants |
| Hotel credit (FHR/THC) | $600/semiannual | $300 H1 + $300 H2 on prepaid Fine Hotels + Resorts or The Hotel Collection bookings via Amex Travel |
| Lululemon | $300/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 |
| CLEAR Plus | $209/yr | Reimburses one CLEAR Plus annual membership ($209/yr) |
| 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/mo | 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. |
Welcome bonus value (year one): ~$3500. Annual statement credits: $3204. Minus the $895 annual fee = ~$5809 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 ($3204) − $895 fee = ~$5809 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: Saks Fifth Avenue ($100), Digital Entertainment ($300/mo), Uber Cash ($200/mo), Uber One membership ($120/yr), Resy U.S. restaurants ($400), Hotel credit (FHR/THC) ($600), Lululemon ($300), Equinox ($300/yr), CLEAR Plus ($209/yr), Airline incidental fee ($200/yr), Oura Ring ($200/yr), Walmart+ ($155/mo), Global Entry / TSA PreCheck application fee ($120). Total: $3204/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.