The AMEX Platinum Card
Amex Platinum Review for Military
Are you active duty? If so, there is no reason why you shouldn’t have an Amex Platinum card right now. Not one. It should be part of in-processing at your initial entry school of choice. Why? Free money, that’s why.
The Amex Platinum was the first ultra-premium card to hit the market and Amex did it well. Recently it was updated to a solid metal card with embossed laminate and a great in-the-hand feel. The barrier to entry is currently $550 per year annual fee but you, the avid TDWise reader, already know that doesn’t apply to you. So with the annual fee waived, this card pays you to own it by way of 60k AMEX Membership Rewards Points, $200/year airline incidental reimbursement, $200/year Uber reimbursement, $100/year Saks 5th Avenue reimbursement, access to Amex’s Centurion airport lounges, gold status with Hilton and SPG, and your access to the AMEX concierge line, among other things. Let’s break all of this down for the credit newbie:
Amex Platinum Sign-Up Bonus
60k Membership Rewards points are your initial sign up bonus when you spend $5k in the first 3 months of card ownership. This may seem like a lot but you would be surprised how much you actually spend month to month. Just follow my advice in the how-to section and divert all your natural day to day spending to this card until you hit the $5k, get your 60k rewards points, and bask in your newfound rush of easy money. 60k AMEX points are directly worth $750 if you also own the Charles Schwab Platinum card (see below) but can be much more using transfer partners (we go over this in the how-to as well).
Amex Platinum Airline Incidental Reimbursement
$200/year airline incidental reimbursement is a feature that will automatically reimburse any incidental charge you make on an airline of your choosing. During January of each year, you pick an airline (I like United), and for the rest of the year you can charge things like seat upgrades, lounge access fees, and in-flight drinks from United to your AMEX platinum card and within a few days, AMEX will reimburse you for those charges up to $200/year. It’s a great benefit that gives travel an added level of comfort and you a feeling of elevated status.
Amex Platinum Uber Credit
$200/year Uber credit is even easier. All you have to do is add your AMEX Platinum to your uber payment methods and each month a $15 credit will appear in your Uber account. The month of December gets a bump to $35. Yes, you can stack credits with multiple AMEX Platinum cards.
Amex Platinum Lounge Access
Amex Centurion lounges are some of, if not the top airport lounges out there. The bar is completely free, the food is artisanal, and space is usually abundant with access to showers, beds, and all the phone charging you’ll need. I like to purposefully book long layovers when I travel just to hang out and drink for free at Centurion lounges. The card also comes with Delta Lounge, Escape Lounge, and Priority Pass Lounge accesses.
Amex Platinum Hotel Statuses
Gold status with Hilton Honors and Marriott Bonvoy is great for upgraded rooms on check-in, free water/snacks, and boosts to hotel points earning with every stay. The other great part comes from the current business relationship Marriott has with SPG and Ritz Carlton, in that they are all owned by the same company and now share the same rewards program (Bonvoy). That means your Gold Marriott is now Gold SPG and Gold Ritz Carlton. Just by owning the AMEX Platinum, you have serious traveler status at almost half the major hotel chains in America. Now that’s TDWise (just like the Amex plat, these puns are free for the taking).
The AMEX concierge line is a little-used thing of beauty that comes with this card. This is a number you can call and basically request anything you want as long as it isn’t illegal. Typically used to secure hard to get dining reservations, event tickets, or travel accommodations, the limit is your imagination. I once asked them to find me a keg of Saranac Pumpkin Ale within driving distance of Colorado Springs. They contacted every distributor in the surrounding states for a month before learning it wasn’t available this side of the Mississippi. It’s an extremely powerful tool in the traveler’s knapsack.
As always, please consider using our referral link to get yours.
The Other Amex Platinum Flavors
The AMEX Platinum has other co-branded versions of itself that all share the same benefits listed above with the following companies:
-Charles Schwab: Must open a Charles Schwab brokerage account to be eligible (easy, plus load $1k for a free $100 welcome offer). Unique benefits include 1.25 cents per point redemption into your brokerage account.
-Morgan Stanley: Must be a Morgan Stanley client to be eligible. Many data points suggest that a Morgan Stanley Access Investing online brokerage account counts for MS Platinum eligibility. It requires $5k to fund upon opening.
-Goldman Sachs: Technically an option, practically impossible to qualify for. If you do, you don’t have time to read a travel hacking blog.
-Ameriprise (Discontinued): Was technically only available to Ameriprise clients, however, this was not enforced and it is considered a personal Platinum for all intents and purposes. They still exist as Ameriprise branded products (unlike the Mercedes) but application links are gone.
-Mercedes Benz (Discontinued): Was available to anyone that wanted an MB logo on their platinum. Unique benefits included a $100 gift certificate to MB dealers every year and $1k off the purchase or lease of an MB every year. Unfortunately, this card is discontinued and in Jan 2019 they all converted to regular personal platinums.