How to earn a 100,000-point welcome offer (or more) on the Amex Platinum

Editor’s note: This is a recurring post, regularly updated with new information including 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 on flight purchases and a solid welcome bonus.

With a wholesale revamp last year, the card now has even more perks (albeit at a higher cost). Currently, the Amex Platinum Card is offering a generous 100,000-point welcome offer after you spend $6,000 on purchases in the first six months of card membership — worth a generous $2,000, according to TPG’s valuations.

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.

In addition to an elevated welcome bonus, this Amex card added a slew of enticing benefits last year, from up to $300 in annual Equinox statement credits and an annual statement credit of up to $189 for your Clear membership. Enrollment is required for select benefits.

Unfortunately, along with these recent improvements came a hike to the card’s annual fee, which is now $695 (see rates and fees) — one of the highest annual fees for consumer cards out there.

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

Amex Platinum benefits overview

The Amex Platinum has a $695 annual fee, which may trigger some sticker shock. But when you dive into its mile-long list of benefits, there’s the potential to recoup that value:

• 5 points per dollar on flights booked directly with the airline or through Amex Travel on up to $500,000 in purchases per calendar year.
• 5 points per dollar on prepaid hotels booked with Amex Travel.
• 1 point per dollar on other purchases.
• Up to $200 annual hotel credit, in the form of a statement credit on prepaid Amex Fine Hotels and Resorts or The Hotel Collection bookings (requires a minimum two-night stay) with Amex Travel when you pay with your Amex Platinum.*
• Up to $240 annual digital entertainment credit, in the form of $20 in monthly statement credits when you pay for eligible purchases with the Amex Platinum on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, Sirius XM, and The New York Times.*
• Up to $300 annual Equinox credit, in the form of $25 in monthly statement credits on select Equinox memberships or Equinox+ app.*
• Up to $189 annual Clear credit for your Clear membership.*
• Up to $200 annual airline fee credit.*
• Up to $200 in annual Uber Cash in the form of $15 in Uber credits for dining or rides each month, with an up to $20 bonus in December (for use in the U.S.).*
• Up to $100 in credits at Saks each calendar year (up to $50 for January to June and up to $50 for July to December).*
• Airline lounge access — including Centurion Lounge access, Priority Pass Select lounge access (excluding restaurant locations), and Delta Sky Club access when you’re flying same-day Delta flights — through the American Express Global Lounge Collection.*
• Up to $100 application fee credit for Global Entry every four years or TSA PreCheck every 4.5 years.
• Gold status with Hilton Honors and Marriott Bonvoy.*
• Elite-like benefits when you book a stay through Amex’s Fine Hotels & Resorts program or Amex’s Hotel Collection.*
• Up to a $155 statement credit that covers the cost of a monthly Walmart+ membership when paying with the Amex Platinum. Plus Ups are excluded.
• Up to a $300 statement credit toward a SoulCycle at-home bike (an Equinox+ membership is required to purchase a SoulCycle at-home bike).*
• Access to the Platinum Card Concierge.*
• Access to the American Express International Airline Program.*
• Extensive travel protections when you use your card, including trip delay insurance and trip cancellation and interruption insurance (Underwritten by New Hampshire Insurance Company, an AIG Company), car rental loss and damage insurance (Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.) and baggage insurance (Underwritten by AMEX Assurance Company.)**
• Premium Global Assist hotline that may provide many services when you’re away from home, including emergency medical transportation assistance — though cardmembers are responsible for the costs charged by third-party service providers.**
• Numerous shopping protections when you use your card.
• Multiple options for redeeming points, including transferring to hotel and airline partners, booking travel through Amex Travel and Pay With Points.
• Complimentary additional Gold Cards, or you can add up to three Platinum Card authorized users for $175 per year (see rates and fees).
• No foreign transaction fees (see rates and fees).

*Enrollment required for select benefits.
**Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details.

That’s one of the most exhaustive lists of perks available among premium travel rewards cards. From the annual credits alone, you’re looking at more than $1,800 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 that high annual fee.

Related: Amex Platinum Card review

Is this offer worth it?

In early 2021, the Amex Platinum’s public offer was 75,000 Membership Rewards points after you spent $5,000 in the first six months. So, compared to that, the current welcome offer is an improvement.

However, for much of 2021 and into early this year, the bonus also included the incentive to dine at restaurants worldwide and to “Shop Small” in the U.S. That’s no longer available.

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 125,000- or 150,000-point welcome offer (offer subject to change at anytime).

Bottom line

The Amex Platinum is one of the best travel cards on the market. As travel ramps 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 125,000- or 150,000-point CardMatch offer, now is an excellent time to apply for the card to rake in a large bonus while utilizing an array of valuable perks both for travel and your everyday activity.

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 a bonus of up to 150,000 points.

Additional reporting by Ryan Wilcox, Madison Blancaflor, Stella Shon, Katie Genter and Eric Rosen.

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