Here’s how you can earn up to 100,000 points on the revamped Amex Platinum

Sep 6, 2021

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Editor’s note: This is a recurring post, regularly updated with new information and the latest Amex Platinum offer. 

The Platinum Card® from American Express has long been one of the best premium travel rewards cards out there, thanks to a long list of benefits, a strong earning rate for flights and a solid welcome bonus. And for new eligible cardholders, the card is about to become a lot more valuable — but at a much higher cost.

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Currently, Amex offers a 100,000-point welcome bonus after you spend $6,000 in the first six months of card membership. Not only that, but you’ll also earn 10x on eligible purchases made at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined spending during the first six months of card membership.

Official application link: The Platinum Card from American Express

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

TPG values Amex Membership Rewards points at 2 cents each — among the most valuable rewards currencies — making the bonus points from this welcome offer worth $2,000. You could also redeem these points for 1 cent each toward flights booked through Amex Travel.

However, TPG places a higher value on these points if you transfer them to a selection of loyalty programs — including Avianca, Hilton, Etihad and Singapore Airlines — and the various redemptions they offer.

In addition to an elevated welcome bonus, Amex has added a slew of enticing benefits, from up to $300 in annual Equinox statement credits and an annual up to $179 statement credit for your Clear membership.

Unfortunately, these improvements now come with a $695 annual fee (see rates and fees) — one of the highest annual fees for consumer cards out there. However, the welcome offer takes some of the sting out of the annual fee, not including all the other benefits you’ll receive with this card.

So let’s review this latest Amex Platinum offer and analyze if it’s worth applying for.

(Photo by Wyatt Smith/The Points Guy)
(Photo by Wyatt Smith/The Points Guy)

Amex Platinum benefits overview

The Amex Platinum now has a $695 annual fee, undoubtedly leading to some sticker shock. But when you dive into its mile-long list of benefits, it’s easy to see how you can recoup that value:

*Enrollment required for select benefits.

That’s perhaps the most exhaustive list of perks available among premium travel rewards cards. From the annual credits alone, you’re looking at more than $1,400 in value. So, if you can put many of these to use, the Amex Platinum could be worth a place in your wallet — even with a $695 annual fee.

Related: Amex Platinum Card review

Is this offer worth it?

Earlier this year, the Amex Platinum’s public offer was 75,000 Membership Rewards points after spending $5,000 in the first six months. So, this latest welcome offer is undoubtedly an improvement.

And the ability to earn 10x on restaurants worldwide and when you shop small in the U.S. is fantastic (a 20% return according to TPG valuations).

People Dining at a Restaurant
(Photo by VGstockstudio/Shutterstock)

One of the primary drawbacks to the Amex Platinum is that you only earn bonus points on select travel expenses. However, the addition of two everyday spending bonus categories is a significant draw to the card for those who were hesitant about applying while not traveling, even if those categories are temporary.

Keep in mind that you could be targeted for an even bigger welcome bonus through the CardMatch tool. Right now, some new cardholders are being targeted for a 125k or 150k-point welcome offer.

(Screenshot courtesy of CardMatch.)

Those who apply through CardMatch for those elevated offers will still earn 10x at restaurants worldwide and when you Shop Small in the U.S. on up to $25,000 in combined spending within the first six months, so it’s certainly worth checking to see if you are eligible. While you’re not guaranteed to get the 125k or 150k offers via CardMatch, it’s certainly worth a try. (CardMatch offers are targeted and subject to change at any time.)

Bottom line

The Amex Platinum is one of the best travel cards on the market. As travel’s ramping back up, applying for the card now could help pay for upgraded experiences on your trips down the road. And since Amex only allows you to earn one welcome bonus per lifetime on each card, it’s imperative to choose wisely when to apply.

Especially if you are targeted for the 125k or 150k CardMatch offer, now is an excellent time to apply for the card to rake in a large bonus while earning on common everyday spending categories that generally don’t earn bonus rewards with the card.

Official application link: The Platinum Card® from American Express with a 100,000-point bonus, or check out the CardMatch tool to see if you are targeted for up to 125,000 points. 

Additional reporting by Chris Dong, Stella Shon and Katie Genter.

Featured image by Wyatt Smith for The Points Guy.

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

The Platinum Card® from American Express

WELCOME OFFER: 100,000 Points Terms Apply.


CARD HIGHLIGHTS: Delta Sky Club and Centurion lounge access, up to $200 annual airline fee credit and up to $200 in Uber Cash annually (only for use in the U.S.)  (Enrollment required for select benefits)

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
  • Plus, earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
  • $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
  • $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
  • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
  • American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
  • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
  • $300 Equinox Credit: Get up to $25 back each month on select Equinox memberships when you pay with your Platinum Card®. Enrollment required.
  • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
  • $695 annual fee.
  • Terms Apply.
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Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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