To start with, the American Express Platinum Credit Card isn’t just a payment tool; it’s your gateway to a sophisticated lifestyle!
Since it offers a wide range of benefits and services, it is an impeccable choice for those looking for comfort, convenience and unique experiences.
We’ve done a deep dive into the unmatched perks of this Platinum credit card, which truly stands out for its first-class services tailored to discerning clients.
From access to airport VIP lounges to comprehensive insurances and one of Australia’s best rewards programs, there’s a lot to unpack. Let’s dive in!
What’s included with this Platinum credit card
- $450 annual travel credit for domestic or international trips: Make your next holiday more affordable by using this credit to book flights, hotels, car rentals, and other travel services.
- Access to premium lounges: Enjoy more than 1,300 lounges in over 140 countries, where you can take advantage of Wi-Fi, gourmet meals, and spaces to relax and recharge for the next leg of your journey.
- Amazon Prime subscription credit up to $84: Unlock this benefit by using your American Express Platinum credit card to pay for your annual subscription (Limited-time offer).
- Free subscription to The Australian Premium for both the primary and additional cardholders: Get access to The Wall Street Journal and exclusive member benefits, including a weekly eNewsletter, a curated selection of the best reads from The Australian, and partnerships with global news outlets like The Economist and Harvard Business Review.
- Free access to LANGTONS Client Services + Welcome voucher: If you’re a fine wine lover, you’ll adore this premium benefit!
Discover rare vintages and try new releases firsthand with an added $50 gift voucher when you spend $240 or more on your first purchase with the service. - American Express Experiences: Enjoy special moments across sports, fashion, and dining.
- Complimentary insurance and protections.
- Amex Offers: Receive exclusive offers across a variety of categories, from shopping and dining to travel and entertainment.
You can also access discounts at brands like David Jones, Country Road, Ampol, Lululemon, La Mer, Kogan, Luxury Escapes, and Liquorland, just to name a few.
Additional services for more sophisticated trips: your Platinum credit card takes you to Luxury Hotels
- Additional travel perks: Your Platinum credit card grants you access to luxury hotels through the Fine Hotels & Resorts program, where you can enjoy room upgrades, late check-out, and even dining credits. These little extras make every stay feel that much more special and relaxing.
- Hotel Elite Status: Enjoy elite benefits from loyalty programs at several luxury hotel chains without needing to meet the usual criteria.
- Free Accor Plus membership (valued at $399): This membership grants you one complimentary night every year and up to 50% off dining at more than 1,100 partner restaurants of Accor Hotels.
How the rewards program works
The Membership Rewards program is one of the most boosted we’ve come across.
Right from the start, you can earn up to 275,000 bonus points by spending $5,000 within the first three months of approval (this is available for new customers).
Additionally, cardholders continue earning points on every purchase—up to 2.25 points per dollar spent, with no annual cap.
The real difference lies in the redemption options. You can transfer your points to 12 airline partners, including Qantas Frequent Flyer and Virgin Australia Velocity Frequent Flyer.
If hotels are more your style, redeem your points for hotel programs such as Hilton Honors and Marriott Bonvoy.
You can also use your points to pay for travel, make qualified purchases on your account, or exchange them for gift cards.
What you can expect from the insurance coverage for the American Express Platinum credit card
With Buyer Advantage Cover, you get up to 12 months extended warranty on eligible items paid for with the card.
Additionally, Purchase Protection covers new purchases against theft or damage, and Refund Protection ensures you can return an eligible item, even if the store refuses to accept it. Not to mention Fraud Protection, which adds an extra layer of security against unauthorised transactions.
Plus, it’s fully compatible with Apple Pay, Samsung Pay, and Google Pay, making quick and secure payments easy using just your phone.
Key fees
- Annual fee: $1,450 per year.
- Interest-free days: Up to 44 days.
- Additional card fee: $0.
What to consider before applying for the American Express Platinum credit card
Like all things that offer exclusive benefits and premium services, the American Express Platinum card has its share of downsides.
The main one is its high annual fee, which can be a limiting factor for many.
Additionally, the card requires a favourable credit rating for approval, making it less accessible for all financial profiles.
So, is it worth applying for this Platinum credit card?
It’s hard to match the wealth of benefits that the American Express Platinum offers because it’s designed for the most demanding customers.
Among the options in the Australian market, it’s undoubtedly one of the most well-regarded credit cards among users who value luxury and convenience.
In conclusion, if you’re looking for access to sophisticated travel, experiences and restaurants, this Platinum credit card could be a real investment.