AN OVERVIEW OF THE AMEX PLATINUM CARD
This is my review of the American Express Preferred Rewards Platinum Card (Amex Platinum Card UK Review).
The UK American Express Preferred Rewards Platinum Card is issued directly by American Express and is a charge card, not a credit card. For those that don’t know, a charge card needs to be paid in full at the end of each month!
You can hold up to 2 charge cards and 2 credit cards which have been issued by American Express at anyone time, although this doesn’t include Amex cards which I provided by the likes BA, Lloyds, TSB or Barclays. I’d recommend checking your credit rating before applying for a new card. Generally you should have a rating in excess of 700+. Click here for a free Equifax credit report and score. It’s free for the first 30 days and then £14.95 per month afterwards (make sure you cancel in the first 30 days!).
Unlike the Amex Gold Card, which is free for the first 12 months, the UK American Express Platinum Card comes with an annual fee of £450. This fee is refundable on a pro-rata basis should you wish to cancel. Should you sign up to the card through Topcashback you’ll receive £35 in cash back and a further £5 if you use this link – somewhat offsetting the first months costs!
THE SIGN UP BONUS FOR THE AMEX PLATINUM CARD UK
The American Express Preferred Rewards Platinum Card offers 30,000 bonus Membership Rewards points when you spend £2,000 in your first three months.
Membership reward points can be directly converted to Avios and a number of other partners. If converted to Avios this would be enough for a return flight to Athens.
Even better, you can get a higher bonus of 35,000 miles if I refer you to the Amex Platinum Card, helping you to fly even further. Just send me an email at Ben (at) thriftypence.com, and I’ll send through a link.
WHAT ARE THE OTHER BENEFITS OF THE AMEX PLATINUM CARD?
When you sign up to the Amex Platinum card you and a supplementary cardholder will receive a Priority Pass Card. Priority Pass offers a VIP experience to over 1000 airport lounges with complimentary drinks, refreshments and pre-flight bites (including alcohol!). Have a look at the Plaza Premium Lounge – London Heathrow Terminal 2 below.
During your time as an Amex platinum card holder you’ll receive the following status in various hotel schemes:
- Gold in Hilton HHonours
- Gold in Club Carlson
- Jade in Shangri-La Golden Circle
- Gold in Starwood Preferred Guest
- Gold in Melia Rewards
Travel insurance for you and the rest of the family. Just check the terms and conditions because some elements require you to pay by an American Express Card. Also included is free hire car insurance with no requirement to use the card.
Earn one Membership Rewards point for virtually every £1 spent on the card. These again can be converted to Avios, which if applied to the 35,000 sign up bonus will help you reach those further away destinations.
Further benefits of the American Express Platinum Card include:
- Free Eurostar Lounge Access when traveling in any class
- Lounge access when flying with Delta
- Access to Fine Hotels & Resorts – Collection of 600 luxury hotels worldwide. Benefits include:
- Room upgrade on arrival (when available)
- Free breakfast for two people
- Noon check-in (when available)
- Guaranteed 4pm check-out
- Note that prices are fixed and as such may be more expensive than booking direct. Always check!
- Complimentary membership to Hertz Gold Plus Rewards
ANYTHING ELSE I SHOULD KNOW ABOUT THE AMEX PLATINUM CARD?
American Express no longer has a minimum income requirement for the card.
You cannot receive the sign up bonus if you have had either a Platinum, Gold or Green Amex card in the last 6 months. This does not apply to a Platinum Cashback Card, BA Amex Card or any Amex issued by MBNA, Lloyds, Barclays.
Finally just a reminder that the American Express Preferred Rewards Platinum Card is not a credit card and should be repaid in full at the end of each month.
AMERICAN EXPRESS UK PLATINUM CREDIT CARD SUMMARY
The sign up bonus of 30,000 points (35,000 if referred by me) for the Amex Platinum Credit Card is the most generous in the market at the current time. The £450 annual fee is one of the most expensive in the market, however if you are a frequent traveller who would use the various other perks of the card, there is definitely value to be had here. Note you can always cancel for a pro-rata fee refund at any time, useful if you receive your sign up bonus and find you aren’t making the most of your various other perks.
I hope you’ve found the Amex Platinum Card review useful and as always please do comment if you have any queries. Please do share this post if you think friends would be interested.
Tip – Combine the Amex Platinum Card with the Hilton Honors Visa card for a free weekend away in any Hilton Hotel. Take a look at my recent free luxury weekend away in the Waldorf Astoria Rome by clicking here!
Don’t forget to sign up using Topcashback to gain a further £40 from signing up to this card.