This premium travel card comes with benefits that match its price of $695. It is the best option for frequent travelers. It gives you 5 points per dollar on flights and hotels booked via Amex travel on eligible hotel and flight purchases. You can earn 100,000 Member Rewards(R) points when you've spent $6,000 in purchases with your new card during the first six months of membership. Choose the metal Card style: the Classic Platinum Card(R) Platinum x Kehinde Wiley or Platinum Julie Mehretu x Platinum.

This Card Is Ideal For

This card is ideal for frequent (even regular) travelers who travel lots of money and wish to travel with style and enjoy numerous luxury perks. The rate of rewards of 5 points for every dollar spent on flights and hotels is among the highest rates of rewards for every travel credit card. In addition, the variety of travel options allows this card to distinguish itself from other top-of-the-line cards.

But generous rewards are required to be able to repay since the annual fee of $695 is among the highest in the market. There are a variety of combinations that will let you recover this cost, but they all require minimal expenditure. For instance, if you spend $10,000 a year on travel, you'd get 50,000 points equivalent to $500 if points were used to make flights through American Express Travel. A further $6,000 spent yearly on hotels will earn you 30,000 points. That could yield $210 on hotel purchases via American Express Travel.

This spending combo will yield an equivalent of $710 from the accrued points, which is enough to justify the annual cost. However, you'll need to pay $16,000 to earn this bonus, which is only for hotel and flight costs.

However, you must read the fine print of the benefits. For instance, this credit for airline fees cannot be used to purchase seat upgrades, and members of the cardholder's family might be charged to access the lounges. These fees could be substantial. Uber credit is awarded monthly. Uber credit is granted every month and doesn't extend to the following month if it's not utilized.

One-Time Offer

New cardholders receive 100,000 membership rewards points when having spent $6,000 or more in purchases in the initial six-month period of their membership. Points are added to your account after reaching the minimum spending threshold. This is among the top bonus travel cards available however it comes with an expensive requirement to spend. Contrary to that, the one-time deals offered by other cards require spending as little as 1,000 and bonus points that can be as high as 60,000 points.

The card determines the number of points earned, the method by which they can be exchanged, and what they are exchanged for. The points earned on flights are worth 1 cent per dollar, while points earned at hotel stays are valued at 0.7 cents per $1. We rate Membership Rewards points at 1.11 cents for each dollar due to the possibility of receiving more than 1 cent per point when you transfer Points to the frequent-flyer program.

Rewards Earning Details

Get 5X Member Rewards(R) Points on flights directly booked through airlines or American Express Travel for up to $500,000 per calendar year. You can earn 5x Membership Rewards(R) Points when purchasing prepaid hotels and booking through American Express Travel. Additionally, earn 1 point for every dollar on other purchases. To earn rewards, you must reserve and pay for travel expenses using your credit card.

The exceptions to this rule include charter flights and private jets or flights included in travel packages, tour cruises, or flights booked with airlines that don't allow American Express. Hotels that aren't prepaid, group hotel bookings or events, car rental or cruise purchase and ticketing services, as well as interest adjustments traveler's check, purchases or reloading, prepaid cards, or buying other cash-based equivalents, aren't eligible.

Rewards Redemption Details

To redeem points and make payments using points, you need to be enrolled in AMEx's membership rewards program. Make a purchase eligible for your American Express Platinum card through the Amex travel program. When you pay, the points will be deducted from your account, and the amount of money is then credited to your credit card. The remaining balance remains on the card even if the points don't completely cover the purchase. Amex has a minimum redeem amount of 5000 points.

Security Features

All credit cards issued by American Express offer a range of security-related benefits, including complimentary credit scores, updates to credit scores, and fraud alerts. Similar to other Amex cards, they also provide secure online transactions by using methods like data encryption, automatic time-outs, and assigning a personal security key for each card holder. American Express also uses pre-purchase verification, which monitors suspicious transactions, and will send alerts whenever suspicious transactions are detected. It will replace your credit card at no cost if you lose it.