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10 things to do when you get the Amex Platinum

Jan. 04, 2022
13 min read
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Editor’s note: This post has been updated with new information.


The Platinum Card® from American Express is one of the best premium rewards cards on the market thanks to its extensive benefits, ranging from lounge access to monthly statement credits. These perks come at a cost, though — the card’s annual fee is $695 (see rates and fees), making it among the most expensive of all consumer cards to carry.

If that has you second-guessing whether to get the Amex Platinum Card, remember that the potential value of its many benefits can far outweigh that fee if you take full advantage of them.

Not only that, but the Amex Platinum Card is currently offering a generous 80,000 Membership Rewards Points after you spend $6,000 on purchases within the first six months of card membership.

Note that you could potentially be targeted for an even larger 125,000-point or 150,000-point welcome bonus by using the CardMatch tool. These offers are subject to change at any time.

If you do open the Amex Platinum Card or already carry it, here are the 10 best ways to take advantage of all of its perks.

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New American Express Platinum Card in the packaging. (Photo by Ashley Kosciolek/The Points Guy)

Official application link: The Platinum Card from American Express with 80,000 points after you spend $6,000 on purchases in the first six months of card membership.


1. Book now, travel later: Use the $200 hotel credit

You can use your Fine Hotels + Resorts benefit to book the Fairmont San Francisco. (Photo courtesy of the Fairmont San Francisco)

One of the principal benefits of the Amex Platinum is the up-to-$200 annual statement credit on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay. The FHR program gets you the following perks:

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  • Room upgrade upon arrival, when available at check-in.
  • Daily breakfast for two people.
  • Guaranteed 4 p.m. late checkout and noon check-in, when available.
  • When a property includes Wi-Fi in a mandatory resort fee, you’ll receive a daily credit.
  • An experience credit that usually consists of a property, dining or spa credit.

The Hotel Collection’s perks include a room upgrade at check-in when available, up to a $100 hotel credit to spend on qualifying dining, spa and resort activities, and the ability to use Pay with Points on prepaid bookings.

2. Register for your annual airline fee credit

If you select American Airlines as your desired airline, you can purchase day passes to the Admirals Club and receive up to $200 in reimbursement with the airline fee credit. (Photo by Katie Genter/The Points Guy)

You’ll get an annual up-to-$200 airline fee statement credit for the airline of your choice. Select your desired airline on the Amex website before making a purchase, and you’ll get to use the credit for fees such as lounge passes, seat assignments, onboard snacks, checked bags and more. Note that the airline credit won’t apply for new reservations or taxes and fees on award bookings.

Since you only get to pick one airline annually, we recommend choosing one with which you don’t already hold elite status. An airline you often fly — but not enough to have elite status — will be a strong contender.

3. Stretch out, relax: Get access to 1,300-plus airport lounges

Centurion Lounges are expanding worldwide. (Photo by Zach Griff/The Points Guy)

One of the greatest travel perks of the Amex Platinum is its unparalleled lounge access — the best on any premium card available. Here are the lounges that participate in the Amex Global Lounge Collection (enrollment is required):

4. Enroll in the up-to-$200 Uber Cash benefit

Whether you’re taking an Uber from the airport or the office, this Uber Cash credit will come in handy. (Photo by Hrach Hovhannisyan/Shutterstock.com)

Amex Platinum cardholders get up to $15 in Uber Cash each month, plus an additional up to $20 in December. While Uber Cash doesn’t roll over month to month, that adds up to $200 in Uber Cash each calendar year (for U.S. services).

5. Apply for Global Entry and TSA Precheck

If you don’t already have Global Entry, sign up now with your Amex Platinum credit. (Photo by Katherine Frey/The Washington Post/Getty Images)

When you enroll in this trusted traveler program with your new Amex Platinum Card, you’ll get a statement credit for up to $100 to your account to cover the application cost (and again upon renewal) once every four years. Global Entry also gives you automatic access to TSA PreCheck, making it much easier to go through airport security checkpoints.

6. Sign up for Clear

A Clear membership can help you speed through airport security checkpoints. (Photo by Summer Hull/The Points Guy)

Among the newer benefits of the Amex Platinum is the statement credit for a Clear membership, which normally costs $189 a year.

Clear has a separate line to handle travelers’ identity verification and security screening via a fingerprint or iris scan. Once approved, you’re escorted by a Clear employee to the head of the TSA PreCheck line (or regular security line if you don’t have PreCheck) to an agent for final approval. As TSA checkpoint lines continue to grow, having both Clear and TSA PreCheck can save you a lot of time at the airport.

7. It pays to be elite: Request Gold status from Hilton and Marriott

Take advantage of your Hilton Honors Gold elite benefits at hotels such as the New York Hilton Midtown in New York City. (Photo by Noam Galai/Getty Images)

Having the Platinum Card means you are eligible for Gold status with both the Hilton Honors and Marriott Bonvoy loyalty programs, which give you perks such as bonus points and potential room upgrades. You can enroll for Hilton Honors Gold on the Amex website, and call 800-525-3355 to enroll for Marriott Bonvoy Gold.

8. Beat the rental car shortage with car rental elite status

Get complimentary Hertz Gold Plus Rewards President's Circle status in time for your next car rental. (Photo by @isr4el/Twenty20)

As car rental companies struggle with an unprecedented limited supply of cars, elite status can be the difference between being able to reserve a vehicle or not, depending on where you’re trying to rent. In addition to hotel elite status, carrying the Amex Platinum means you are also eligible for status with the following car rental programs (enrollment is required):

You can enroll for each program on the Amex website.

9. Activate your Walmart+ membership for everyday savings

(Photo by TennesseePhotographer/Getty Images)

Among the newer perks of the Amex Platinum is the annual up-to-$155 Walmart+ statement credit, which covers the entire cost of a Walmart+ membership ($12.95 plus applicable sales tax) each month. Plus Ups are excluded.

If you live near a Walmart store, this membership will get you free delivery from that store as quickly as the same day on orders of $35 or more, plus steep discounts on prescriptions. You can also save 5 cents per gallon at Walmart and Murphy gas stations and access member pricing at Sam’s Club fuel centers — a great perk with fuel costs steadily rising. Even if you’re not a frequent in-store Walmart shopper, you’ll enjoy free next-day and two-day shipping on eligible items from Walmart.com with no minimum purchase required.

10. Consider these other small-but-mighty benefits

Shop for your holiday gifts with your Saks Fifth Avenue credit. (Photo by Peter Brandt/Getty Images)

While we’ve outlined nine of our favorite benefits from the Amex Platinum, there are plenty of other enticing perks worth looking into:

Scoop up your digital entertainment credits

Among the newer perks of the Amex Platinum is the up-to-$240 digital entertainment statement credit, broken down to up to $20 in monthly statement credits when you pay for participating subscription services (Audible, The New York Times, SiriusXM or Peacock). While the list of eligible providers remains short, we hope to see Amex add other streaming service options in the coming months. Enrollment is required.

Treat yourself with an annual up-to $100 statement credit for Saks Fifth Avenue

This Saks Fifth Avenue benefit is broken down to $50 in statement credits from January through June and up to $50 in statement credits from July through December. Enrollment is required.

Fitness lovers, grab this annual $300 statement credit for Equinox

Broken down to $25 per month, this new Equinox credit applies to monthly Equinox All Access, Destination and E by Equinox membership fees, or for the Equinox+ fitness app. Enrollment is required.

Want an at-home fitness bike? Get a $300 SoulCycle statement credit

If you’re in the market for an at-home bike, you can get up to a $300 statement credit when you purchase a SoulCycle bike (retailing for $2,500 before taxes and fees). While it’s unlikely that you would ever buy more than one bike, this statement credit is applicable to up to 15 bikes per year. (Must have an Equinox+ membership to purchase a SoulCycle bike.)

Book all of your travel needs through the Amex Travel portal

Whether you’re searching for a flight or hotel, Platinum cardholders can book (and redeem their points for) travel reservations through the Amex Travel portal.

Contact the Platinum Concierge

Outsource your to-do list to the Platinum Concierge, a special phone service that helps you with various bookings and arrangements. You’ll need to call to activate this benefit. Platinum travel counselors are available to provide you with custom itineraries and tailored recommendations.

Add up to three authorized users

You can add up to three authorized users to your Platinum Card for a total of $175 per year (see rates and fees), which can really help you maximize the value you’re already getting from being a cardholder. Authorized users are eligible for many of the same benefits as the main accountholder, including lounge access, Global Entry/TSA PreCheck reimbursement, hotel elite status and Fine Hotels + Resorts benefits. However, authorized users don’t get their own Uber credit or separate airline incidental credits.

Get perks at high-end hotels and restaurants

As mentioned earlier, you’ll get elite-like benefits at top hotels when booked through the Amex Fine Hotels + Resorts program or The Hotel Collection. In addition, you’ll have access to The Global Dining Collection, which gets you special access to fine dining restaurants around the world. The program also includes events with top chefs and at Michelin-star restaurants worldwide.

Love cruises? Check out the American Express Cruise Privileges Program

The Amex Cruise program offers exclusive benefits and complimentary amenities on eligible sailings of five nights or greater when you book with your Amex Platinum. For example, receive a shipboard credit and amenity unique to the cruise line.

Not just Amazon: Get free two-day shipping at thousands of stores with ShopRunner

You’ll get free two-day shipping and free return shipping when you pay for eligible items with your Amex Platinum at participating online stores through the ShopRunner program. Enroll for the service here.

Bottom line

Sure, there’s a colossal $695 annual fee on the Amex Platinum. But after you take a deep dive into all of the card’s benefits, the annual fee isn’t so intimidating after all.

If you’re able to maximize every statement credit that’s on the Amex Platinum, you’re looking at a value of easily more than $1,400 per year. Even if you can’t make use of every single credit on the card — and nobody expects you to — accessing the Amex Global Lounge Collection alone is key for frequent travelers. Throw in the 80,000-point welcome offer, worth $1,600 based on TPG’s valuations, and this is the most prized card on the market.

Additional reporting by Stella Shon.

For rates and fees of the Amex Platinum Card, click here.


Official application link: The Platinum Card from American Express with 80,000 points after you spend $6,000 on purchases in the first six months of card membership.


Check the CardMatch tool to see if you’re targeted for a 125,000- or 150,000-point Platinum Card offer. These offers are subject to change at any time.

Featured image by RYAN PATTERSON FOR THE POINTS GUY
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023