American Express Platinum Card Benefits
Everybody wants the American Express Platinum Card because of the prestige and status attached to it. On the other hand, a lot of people are wary of the card’s annual fee. But, once you take a look at the American Express Platinum Card benefits, you will realize what an extraordinary value it actually is.
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For a very limited time, CreditCardForum is running a sponsored promotion – simply spend $1,000 during your first 3 months as a cardholder and you will earn a bonus of 50,000 Membership Reward points (which can be redeemed for up to $500.00 in gift cards!). Details below.To begin with, the benefits of the American Express Platinum Card personal version are simply unparalleled by any other card in the world. For full details on a given benefit you should contact the company directly, but let’s take a brief look at what you get: Unlimited First-Class Airport Lounge Access We all know how stressful air travel is these days, however the first-class airport lounges are the exception. The American Express Platinum provides you and your family (or two other people) complimentary access to these exclusive sanctuaries where you’ll find everything you need to unwind. Plush chairs and sofas. Complimentary phones, fax, and internet. The meticulously clean, upscale restrooms can be a lifesaver when you’ve been traveling all day long. However, my favorite benefit is the complimentary food and drinks; sandwiches, hors d’oeuvres, juices, beer, wine, mixed-drinks, etc. The American Express Platinum Card offers you free airport lounge access across the globe, regardless of whether or not you’re flying first-class. Normally, unlimited access would cost you several hundred dollars per year. $200 in airline fee credits every year Another favorite AmEx Platinum travel benefit is that you will get up to $200 in airline fees reimbursed every year! Each year you simply select your favorite airline (any airline) and you will be eligible to receive statement credits to cover up to $200 for any incidental fees from that airline (checked luggage fees, in-flight food/drinks, on-board entertainment, etc). $500,000 Travel Accident Insurance As the old saying goes, plan for the best but prepare for the worst. When you’re traveling as a common carrier conveyance passenger(i.e. plane, boat, bus, train, or helicopter) you are insured by up to $500,000 in the event of dismemberment or accidental death (in which case your beneficiaries would be paid). This is a free benefit; simply pay for eligible travel with your AmEx Platinum charge card. Common Carrier Conveyance insurance such as this would normally cost you quite a bit of money, especially for international travel. Car Rental Collision Coverage Pay for your rental car using your American Express Platinum card and you’re covered in the event of an eligible collision. This is especially helpful in foreign countries that have narrower streets and more aggressive drivers than what we’re typically accustomed to. Please note there are a few countries which are not included (six countries excluded at the time of this review). Customer service can provide you the full details. Roadside Assistance Another driving benefit for American Express Platinum card members. You’re covered up to four service calls per year, with $50 of coverage each time, in the US, Canada, and Puerto Rico. Baggage Insurance This is another valuable benefit which the Platinum Card provides. For carry on and checked luggage, you’re covered for up to $3,000. Keep in mind this is on top of the airline’s coverage, so your total coverage is even higher. To qualify for this free benefit, just pay for your ticket using your American Express Platinum Card. Purchase Protection How many times have you bought something new which is accidentally damaged, lost, or even stolen a few days or weeks later? Whether its a pricy article of clothing, electronics, or something else… if you bought it with your Platinum Card, your eligible purchases are protected ! For purchases within the past 90 days, it covers you up to $10,000 per occurrence (up to $50,000 per calendar year) to repair, replace, or reimburse you for the affected item(s). This is truly one of the most valuable American Express Platinum card benefits; I have used it on numerous occasions. It’s a very simple process (all it took was a phone call for me) and it saved a great deal of money, which I otherwise would have lost. Return Protection At one time or another, we’ve all bought something that we later could not return. Whether we lost the receipt or the store simply doesn’t accept returns, it’s a predicament we all encounter regularly. But if you made that purchase with your Platinum card, then American Express will accept your return and reimburse you, up to $300 per item, $1,000 annually. Extended Warranty Being that most merchandise is made overseas these days, an extended warranty is now more important than ever. However if you’re a smart shopper, skip the extended warranty at checkout and instead just pay for any eligible merchandise using your AmEx Platinum Card. They will double the original manufacturer’s warranty, up to one full additional year, for absolutely free. You’re protected up to $10,000 per item, $50,000 per year. So enjoy piece of mind next time you buy that new flat screen or computer. Like the other Platinum Card benefits, this is completely free. Hotel Upgrades & Benefits American Express has partnered with over 600 hotel and resort companies to offer Platinum cardmembers a wide array of perks and upgrades. Platinum cardmembers receive a free room upgrade (when available), 4:00 PM late checkout, and complimentary breakfast for two. Depending on the hotel, there are often other additional perks like $100 food/drink/spa credits and complimentary third night stays. As you can imagine, this an extremely valuable benefit which will save you a lot. Personal Concierge Service Odds are that you’re probably too busy with work to be hassled with the tedious things in life… making dinner reservations, booking travel, or having to call around to locate that hard-to-find item. Fortunately, you now have the benefit of a free personal concierge service to handle virtually any request, any time, anywhere. Simply call your personal concierge directly, tell them what you want, and they will do all the leg work. This benefit is especially useful if you’re trying to get last minute dinner reservations or sold out tickets – they’ve never failed me. Rewards Earn points for virtually every purchase made. American Express has the largest and most diverse rewards program; redeem points for merchandise, travel, or almost anything else:
- You get 1 point on virtually every dollar spent
- You get 2 points per dollar through the American Express travel services website
- You get up to 4 points per dollar when shopping at the Bonus Points Mall, which includes a large number of retailers
- You get up to 2 to 10 points per dollar with select partners
- Points never expire. Accumulate as many as you want and use them whenever it’s convenient for you.
Annual FeeI know a Centurion (black credit card) member that recently switched back to the Platinum Card since almost all of the benefits are identical. The big difference is that the Centurion will cost you $7,500 in fees just for the first year, while the Platinum Card is only $450 and you still get all of the above benefits… it easily pays for itself many times over!