Is the American Express Platinum Card $695 Annual Fee Worth It? Find Out!

A high end card packed with benefits

Everyone knows this card. It has clout, cache, swagger. It’s made of metal. Clunk it down on the counter and watch the clerk stare at it. Then lift it up and comment on how heavy it is. But is it worth its weight in fees? Let’s break it down.

First, the hard to avoid fact. It has an annual fee of $695. Yes, that’s not a typo. It’s more than the Chase Sapphire Reserve. So it better have a ton of benefits to help offset the out of pocket cost to carry the card. And it does!

Here’s a quick list of the most attractive inclusions:

As you can see, the quick list shows that you get more than the annual fee back each year, if you can make use of all the benefits. And the list is not exhaustive-you also get American Express Global Lounge Access, including the coveted Centurion Lounges. Plus 5x points when booking directly with the airlines.

Photo by Mauru00edcio Eugu00eanio on Pexels.com

Look, there are a lot of benefits with this card. I haven’t even listed them all!! But is this card for you? If you fly often particularly internationally , spend a bit of time in airports, book rental cars, watch streaming services or have an open spot in your wallet and want to up your game, then yes, this is a great card for you!

The daily earning on the card isn’t the best, most purchases will only earn 1x. And the list of transfer partners is geared towards International travel, so if you are a “Orlando every year” person, then I’d look at another card. However, you absolutely need to check this one out if you are wondering if it’s worth it. Just one international flight per year makes this a must have.

Click the link below to read all about the benefits and see if this prestige card belongs in your wallet!

With your new Card, you could earn a welcome bonus. Terms Apply. https://americanexpress.com/en-us/referral/platinum-card?ref=SHAROBlkpO&xl=cp10ej

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