Right now, they’re offering a targeted welcome offer of up to 175,000 miles when you follow a referral link, which you can access here!

The American Express Platinum Card, often heralded as the epitome of luxury in the credit card world, comes with a hefty annual fee of $895. This fee may seem huge, but for those who can leverage the card’s extensive benefits, it more than pays for itself. There’s a reason why I’ve held onto mine for five years and will continue to hold onto it for the future.

In this review, I’ll dive deep into the perks that make the Amex Platinum Card a mainstay in my wallet, despite its cost. We’ll also touch on the downsides, including the increasing crowding in airport lounges and the recent limitations on guest access.

(Some users report opening in different apps helps if at first you don’t receive the offer).

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Benefits That Offset the Annual Fee

Currently the welcome offer is up to 175k through this referral link, which can go a long, long way. These points can be worth up to $800 or more, depending on how they’re redeemed.

For example, I flew in Singapore Airlines business class (how I find deals) all the way from San Francisco to Bali for 107,000 miles, so the welcome offer got me much of the way there. Here’s how to make the card perks make sense.

️ Travel Credits & Travel-Related Perks

$200 Airline Fee Credit

Select one airline each calendar year and receive up to $200 in statement credits for eligible incidental charges (e.g., baggage fees, seat assignments, in-flight food/drinks).

$600 Hotel Credit

Get up to $300 in statement credits semi-annually (total $600/year) on prepaid Fine Hotels + Resorts or The Hotel Collection bookings through Amex Travel when you pay with your Platinum Card.

Airport Lounge Access

You still get access to the Global Lounge Collection — including Centurion Lounges, Priority Pass (enrollment required), and select partner lounges — plus Delta Sky Club access when flying Delta.

CLEAR® Plus Credit

Receive up to $209/year in CLEAR Plus credits (to help speed through airport security) when you pay with your Platinum Card — enrollment required.

Global Entry/TSA PreCheck Credit

A statement credit for Global Entry ($100) or TSA PreCheck ($85) application fees (every 4–4.5 years).

Mobility Credits

$200 Uber Cash

Receive $15/month in Uber Cash and a $20 bonus in December to use on Uber rides or Uber Eats in the U.S. (must add your Platinum Card to your Uber account).

$120 Uber One Credit

Up to $120/year in statement credits if you pay for an auto-renewing Uber One membership with your Platinum Card.

️ Hotel & Status Perks

• Fine Hotels + Resorts benefits (room upgrades when available, daily breakfast for two, early check-in/late check-out, unique property amenity) via Amex Travel bookings.
• The Hotel Collection perks: $100 hotel credit + room upgrade (when available) on 2-night minimum stays.

You can also apply for Marriott and Hilton status when you’re a card holder, as well as Avis and Hertz.

These stack with the $600 hotel credit above.

️ Lifestyle & Shopping Credits

(Enrollment often required; must activate credits each year or quarter where applicable.)

$100 Saks Fifth Avenue Credit

Up to $100/year (split $50 Jan–June and $50 July–Dec) for purchases at Saks Fifth Avenue or Saks.com — no minimum purchase.

$400 Resy Dining Credit

Up to $100/quarter (total $400/year) on eligible dining purchases through Resy.

$300 Digital Entertainment Credit

Up to $25/month (total $300/year) for eligible digital entertainment services — now including Paramount+, YouTube Premium, and YouTube TV among others.

$300 lululemon Credit

Up to $75/quarter (total $300/year) for eligible purchases at lululemon retail stores and lululemon.com.

$200 Ōura Ring Credit

Up to $200/year in statement credits for purchases via Ōura Ring’s official site.

$155 Walmart+ Credit

Statement credits to cover one Walmart+ membership (up to $12.95/month + tax) — must pay with Platinum Card. This also comes with a Peacock or Paramount+ subscription.

Equinox Credit

Up to $300/year for Equinox club memberships or digital subscriptions.

️ Points & Transfer Partners

• Membership Rewards points transfer to many airline and hotel partners, often at a 1:1 rate — powerful for premium travel redemptions.

🧾 Insurance & Protection

• Trip cancellation/interruption insurance
• Baggage insurance
• Car rental loss/damage insurance
• Purchase protections (varies by item and category)
  (These still apply but may have updated terms — always check Amex’s Benefit Terms.)

Notes & Real-World Value

• Many credits (e.g., Resy, digital entertainment, lululemon, Ōura, Uber One) require enrollment and sometimes quarterly activation to receive statement credits.
• Lounge access remains strong but can be crowded — especially family-friendly ones — and guest limits still apply (you’ll pay $50 per adult and $30 per child over 2 who joins you).

How I use Amex Points to Maximize Value

Look at the extra point categories offered by Amex and see what you can maximize. I love that flights booked directly with the airline are worth 5x points, so I exclusively use our Amex to book flights (which are then insured under the card’s travel insurance).

While you can use your points to offset a travel purchase, your points could be worth more if you transfer them to an Amex partner. For example, those 107,000 points I used for the Singapore Airlines flight would be worth $1070 toward my flight if booked through Amex’s booking portal, but by transferring to Singapore Airlines, I got more than a $5000 value (the ticket’s list price).

Airline Transfer Partners

American Express Membership Rewards points can be transferred to several airline loyalty programs, often at a 1:1 ratio. Here are some of the key airline transfer partners and how you can use them to your advantage:

1. Delta SkyMiles:
   • Delta is a key transfer partner for Amex, which is a partnership few other banks have. While its award pricing can be unpredictable, it offers a wide network of routes. Points transferred to Delta SkyMiles can be used for flights within the U.S., as well as international travel, often with no blackout dates.
2. British Airways Executive Club:
   • Transfer your points to British Airways to book award flights on Oneworld partners like American Airlines, Cathay Pacific, and Japan Airlines. The Avios program is particularly useful for short-haul flights, as it operates on a distance-based award chart.
3. Air Canada Aeroplan:
   • Aeroplan offers excellent value for flights on Star Alliance partners, including United, Lufthansa, and Singapore Airlines. The program has no fuel surcharges on award tickets, making it a cost-effective option for both short and long-haul flights.
4. Singapore Airlines KrisFlyer:
   • Singapore Airlines is renowned for its premium cabin products. Transferring points to KrisFlyer can help you book award seats in their coveted Suites Class, as well as business and first-class cabins.
5. Emirates Skywards:
   • Emirates offers luxurious travel experiences, especially in first and business class. By transferring points to Skywards, you can book award flights on Emirates’ renowned A380 first-class suites or business class, making for a memorable journey.
6. ANA Mileage Club:
   • ANA offers some of the best value redemptions for international flights, particularly from North America to Asia. Their round-trip awards are often more economical in terms of points than one-way tickets, making it a great option for those planning longer trips.

Hotel Transfer Partners

Hotel Transfer Partners In addition to airline partners, American Express Membership Rewards points can also be transferred to hotel loyalty programs. Here are the primary hotel transfer partners and how you can leverage them for high-value stays:

1. Marriott Bonvoy:
   • Marriott Bonvoy has one of the most extensive networks of hotels globally, from budget-friendly properties to luxury resorts. Points can be transferred to Marriott Bonvoy to book stays at iconic brands like The Ritz-Carlton, St. Regis, and W Hotels. The transfer ratio is typically 1:1, allowing for easy accumulation of points for free nights.
2. Hilton Honors:
   • Hilton Honors points can be used at over 6,000 properties worldwide, including high-end brands like Waldorf Astoria, Conrad, and LXR. The typical transfer ratio is 1:2, meaning 1,000 Membership Rewards points equal 2,000 Hilton Honors points. This can be especially useful for booking stays at luxurious properties like the Waldorf Astoria Grand Wilea in Maui.
3. Choice Privileges:
   • While not as luxurious as Marriott or Hilton, Choice Hotels offers good value for mid-tier properties. The transfer ratio is typically 1:1, and points can be used for stays at brands like Comfort Inn, Quality Inn, and Cambria Hotels.

Maximizing Value Through Transfers

To get the most out of your Membership Rewards points, consider the following strategies:

1. Look for Transfer Bonuses:
   • American Express occasionally offers transfer bonuses to specific partners, which can significantly boost the value of your points. For example, a 30% bonus when transferring to British Airways Executive Club can turn 10,000 Membership Rewards points into 13,000 Avios.
2. Book Premium Cabins:
   • Transferring points to book business or first-class flights often provides the best value. Programs like Singapore Airlines KrisFlyer and Emirates Skywards are known for their premium products, and using points for these experiences can offer outsized value compared to economy bookings.
3. Leverage Alliance Partners:
   • Many airline loyalty programs allow you to book flights on partner airlines within their alliances. For example, transferring points to Air Canada Aeroplan can be used to book flights on Star Alliance partners, increasing your options and potentially finding better award availability.
4. Use for High-End Hotels:
   • Transferring points to Marriott Bonvoy or Hilton Honors can allow you to book stays at luxury properties that might otherwise be prohibitively expensive. For instance, using points for a stay at the St. Regis Bora Bora or the Waldorf Astoria Beverly Hills can provide a memorable and lavish experience.

The Downsides: Crowded Lounges and Limited Guest Access

While the Amex Platinum Card offers a plethora of benefits, it’s not without its drawbacks. One of the main issues is the overcrowding in airport lounges. The popularity of the card and its lounge benefits has led to packed Centurion Lounges, often making it difficult to find a seat or enjoy the amenities. This can be particularly frustrating during peak travel times.

Additionally, American Express has recently implemented stricter guest policies for lounge access. Previously, cardholders could bring in two guests for free, making it convenient for families and couples. However, the new policy limits complimentary guest access, requiring cardholders to pay a fee for each guest. This change significantly reduces the lounge benefit’s value for those traveling with others, making it less family-friendly.

Conclusion: Why I Keep the Amex Platinum Card

Despite the high annual fee and the downsides of crowded lounges and limited guest access, I find the Amex Platinum Card to be an indispensable tool in my wallet. The sheer number of benefits and credits available easily offsets the fee, and the flexibility of Membership Rewards points provides immense value. The biggest key for me is the 5x points per dollar spent on flights booked directly with the airline. Since it’s one of our biggest expenses, those add up quickly.

The card’s elite status with major hotel chains, and the ability to transfer points to a wide range of airline and hotel partners further enhance its value. Even with the lounge access limitations, the convenience and comfort offered by the Centurion Lounges, Delta Sky Clubs, and Priority Pass lounges add a significant advantage to my travel experiences.

In essence, the Amex Platinum Card is much more than just a status symbol; it’s a powerful tool that, when used wisely, offers tremendous value and convenience. For frequent travelers and those who can take full advantage of its benefits, the card’s annual fee is a small price to pay for the luxury, convenience, and savings it provides.

Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included on this website.

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