The Platinum Card® from American Express
- APR
- 29.1% – 29.1%
- Annual Fee
- £650
- Rewards
- Up to 1.0%
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Our Verdict
An exceptional card for frequent travellers, offering a wealth of benefits, though the steep annual fee may deter some.
Pros
- Access to Centurion Lounge and Priority Pass
- £200 annual travel credit
- 5X points on flights, enhancing rewards
- Comprehensive travel insurance included
- Sign-up bonus of 30,000 MR points
Cons
- High annual fee of £650
- Requires excellent credit score
- Limited acceptance compared to Visa and Mastercard
- High spending threshold for sign-up bonus
- Benefits may be underutilised by occasional travellers
The Platinum Card® from American Express is undoubtedly one of the most prestigious travel cards available in the UK. With an enticing array of benefits such as access to the Centurion Lounge and Priority Pass, it stands out for those who travel often and value comfort. The £200 annual travel credit can offset the card's hefty £650 fee, making it somewhat more palatable.
Additionally, the card rewards users generously with 5X points on flights, which can quickly accumulate towards free travel or upgrades.
However, potential cardholders should be cautious. The card requires an excellent credit score (740+) and the high annual fee may be a significant barrier for some. Moreover, while the sign-up bonus of 30,000 MR points is appealing, it necessitates a spending threshold of £4,000 within three months, which may not be feasible for everyone.
Compared to alternatives like the British Airways American Express Premium Plus Card, which has a lower fee and excellent rewards on BA purchases, the Platinum card's benefits are best suited for those who can fully leverage its extensive travel perks. For occasional travellers, the card may not provide enough value to justify the cost.
Watch Out
The substantial annual fee may not justify the benefits for less frequent flyers.
Best For
Ideal for frequent travellers seeking premium perks and rewards.
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