The Amex Platinum Card keeps getting harder to ignore: Here’s why

Dec 22, 2019

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Editor’s note: This post was originally published on Sept. 19. 2019.

Most premium credit cards make an easy case for themselves during the first year, offering strong welcome bonuses and immediate access to luxury travel benefits. Whether these expensive cards earn a permanent spot in your wallet, however, boils down to a simple equation: Do you feel that the value of the perks you receive each year outweighs the annual fee you’re paying?

Credit cards such as The Platinum Card® from American Express and The Business Platinum Card® from American Express have too many perks to list all at once. Some of them are pretty easy to value. If you’re a frequent traveler, the up to $200 annual airline incidental credits should be worth close to face value, even though Amex has cracked down lately on what purchases successfully trigger the credit.

Then you have perks like the up to $100 annual Saks Fifth Avenue statement credit (only available on the personal Platinum card). This credit, which breaks down as up to $50 back during the first six months of the year and up to another $50 during the second six months, falls under the category of nice but by no means necessary. If you didn’t shop at Saks before, you might enjoy a free item, but this isn’t going to move the needle on whether you decide to get and keep the Platinum card.

For many people, the deciding factor in keeping the Platinum card open long-term is the luxury travel benefits it offers, including Gold elite status with both Marriott and Hilton, a Priority Pass Select membership and access to Amex’s exclusive collection of Centurion Lounges.

Plenty of cards offer Priority Pass Select memberships these days, but Centurion Lounges, which can only be accessed by Platinum and Centurion cardholders, have always given Amex a unique and competitive edge. There is one caveat: Unlike Priority Pass lounges and restaurants which can be found in almost every major airport these days, there aren’t very many Centurion Lounges.

The growing footprint of Centurion Lounges

When TPG contributor Lan Paje set out to review every Centurion lounge in August 2017, he only had seven stops to make. I grew up in Washington, D.C., and lived in Chicago during college. I got to call two major cities home, but I never had access to a Centurion Lounge. Even if I went to visit my brother in San Francisco once a year, you couldn’t convince me to pay the $550 annual fee (see rates and fees) for an Amex Platinum if I was only going to use a Centurion Lounge once a year.

Screen Shot 2017-08-09 at 12.12.43 PM
Centurion Lounge locations as of August 2017.

D.C. and Chicago still don’t have Centurion Lounges, and we haven’t heard of plans to open them there in the future, but a lot has changed since Lan’s mega-trip. Amex opened a new Centurion lounge in Philadelphia (PHL), as well as the first international location in Hong Kong (HKG). The Miami (MIA) lounge was just expanded, too.

Amex Centurion Lounge Hong Kong. (Photo by TPG reader Peter Madden)

Over the course of 2019 and 2020, Amex will also be opening lounges in the following locations, more than doubling the original count to 15 total:

  • Denver (DEN)
  • New York (JFK)
  • Los Angeles (LAX)
  • London (LHR)
  • Charlotte (CLT)
  • Phoenix (PHX)

Even if you don’t call one of these airports “home,” there’s now a greater chance than ever before that you’ll find yourself traveling through an airport with a Centurion Lounge multiple times a year. The six airports where Amex has chosen to open the newest Centurion Lounge locations collectively serve more than 400 million passengers a year. And given the rapid rate at which Amex has been adding new locations in major global and domestic transit hubs, we have every reason to believe that this is just the tip of the iceberg and in the coming years we’ll hear about even more new Centurion Lounge locations.

Further Reading: Amex reveals updated opening dates for new Centurion Lounges

Bottom Line

Commitment to a premium credit card, the bank that issues it and the points currency that underlies it should be a two-way street. It’s incredibly refreshing to see Amex investing so heavily in the customer experience, and this has not been a cheap investment. The lounge in Charlotte is expected to cost Amex a little more than $10 million for a 10-year lease; you can only imagine how pricey the real estate in major airports like JFK and Heathrow is.

The Amex Platinum routinely sits at the top of TPG’s list for best cards for airport lounge access, thanks to the combination of a Priority Pass Select membership, access to Delta SkyClubs when flying Delta, the Airspace and Escape lounges, and of course, the Centurion Lounges. It’s not just the number of Centurion Lounges that’s so exciting, it’s their quality as well. These lounges often draw on local ingredients and design elements to offer a food, beverage and relaxation experience you simply won’t find in your run-of-the-mill Priority Pass lounge.

If you’re trying to figure out which premium credit cards belong in your wallet moving forward, take a hard look at the Amex Platinum. It truly offers something no other card on the market can compete with.

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

The Platinum Card® from American Express

WELCOME OFFER: 60,000 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 credits annually

*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 60,000 Membership Rewards® Points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year.
  • 5X Membership Rewards® Points on prepaid hotels booked on
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • $200 Airline Fee Credit, up to $200 in statement credits per calendar year in baggage fees and more when you select one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
  • $550 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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