An even lower fee option includes the Chase Sapphire Preferred Card. Additional Card Members must be 13 years of age or older.8. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Cardmembers receive a $100 shipboard credit for inside and outside staterooms; a $200 shipboard credit for balcony, veranda and mini-suite staterooms; and a $300 shipboard credit for suites and other select staterooms on select cruise lines. Eligibility and Benefit level varies by Card. Read more in TPGs full guide on the Fine Hotels + Resorts Program. Platinum cardholders and up to two guests are also granted entry into Amexs Centurion Lounges, including lounges in multiple U.S. cities as well as ones at airports in Hong Kong (HKG) and London (LHR). Underwritten by AMEX Assurance Company. At home or at the gym: The best credit cards to maximize your next workout, seemingly comes with every premium credit card, prepaid Amex Fine Hotels & Resorts bookings made online, eligible Amex Fine Hotels & Resorts stays, The American Express Global Lounge Collection, youll need to request your membership card, these guests will also need to be flying Delta, 5 points per dollar on prepaid stays booked online through FHR, full guide on the Fine Hotels + Resorts Program, The Hotel Collection with American Express Travel, full guide to the Cruise Privileges Program, National Car Rental Emerald Club Executive, Do Not Sell or Share My Personal Information, Earn 80,000 Membership Rewards Points after you spend $6,000 on purchases within the first six months of card membership. Step 3. Instead, we'll look at the card's ongoing benefits. Photo by Isabelle Raphael/The Points Guy. 2022 SELECT | All rights reserved. You will get $15 in Uber Cash per month (bonus $20 in December) for Uber rides or Uber Eats orders. Add up to three authorized users for a fee of $175 per year (see. 1 For more on Rates and Fees for The Platinum Card, click here. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases. If you actually plan to use them, that is. Survey Findings: How Do Consumers Feel About Credit Cards? In the past, the welcome offer was 100,000 Membership Rewards points after spending $6,000 in the first three months. Instead, all other credits are shared across all Cards on the account. Eligibility and Benefit level varies by Card. Platinum cardholders can book stays through the Amex Fine Hotels + Resorts program. For example, lets consider two cash back rewards cards offered by the same company. The Benefits of No Annual Fee Credit Cards. Many middle-class households can make this work. The card also earns 5 points per dollar on airfare booked directly with airlines or at Amex Travel on up to $500,000 and is offering a welcome bonus of 100,000 Membership Rewards points if you spend $6,000 in the first six months of card membership. You will receive up to $189 per year in statement credit to apply for CLEAR, a biometric security program located at airports and stadiums across the U.S. We only value this at $100 because members of select airline loyalty programs can apply for CLEAR at a discounted rate. The cardholder must be traveling, but that traveler can purchase up to eight tickets on the same reservation with participating airlines. For example, the Platinum Card offers the following elevated credits and benefits: For more on the Offer & Benefit Terms listed above, click here. Almost S$2,000 for a credit card may seem expensive, but looking at the price tag alone does not tell you the value of an item. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. With perks like $120 in annual dining statement credits ($10 monthly statement credit) and up to $120 in Uber Cash ($10 Uber Cash each month) . By providing your email, you agree to the, One Thing Couples Should 'Never, Ever' Do With Their Money, According to Suze Orman, What Is Term Life Insurance? When it comes time to get a new card, the survey found, 54% look for a no annual fee credit card. However,. Thankfully, the up to $200 prepaid hotel credit is fairly easy to . Then use your card to pay for eligible incidental fees from that airline and receive a statement covering those fees, usually 2-4 weeks after you pay for them. It currently has a 60,000-point welcome bonus which you'll earn after spending $4,000 in the first three months of card membership. Only a handful of cards (mostly invitation-only. NextAdvisor may receive compensation for some links to products and services on this website. This compensation comes from two main sources. These offers are not extended to everyone and may depend on your purchasing and payment behaviors, but may include statement credits or Membership Rewards to offset the cost of the annual fee. Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. A final point on the math: Dont forget to consider interest charges. What Is a Credit Card Annual Fee? Underwritten by AMEX Assurance Company. If you're a regular Walmart customer, this can save you a ton of money. When does the annual fee kick in for the platinum? Earn 20% back as a statement credit on purchases when you use your new Card to check out with PayPal at merchants in the first 6 months of Card Membership, up to $150 back. Terms, Conditions and Limitations Apply. The value of the credits we tallied up doesn't take into account other American Express features such as *purchase protection, travel insurance and concierge service, among others. Related: At home or at the gym: The best credit cards to maximize your next workout. The only downside is that youll need to pay a $39 service fee per ticket, even if you book using the new online chat service. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. Macys American Express - 6400, 19,000. To enjoy the features and perks of some credit cards, you pay an annual fee. The Amex Platinum Card offers eight main statement credits that can reduce the effective cost of the annual fee. originally joined TPG as the site's first managing editor back in 2011. Visit americanexpress.com to learn more. Here are some common situations in which paying an annual fee may make sense: In some cases, accepting an annual fee may be your only way to get a credit card. You want features available on cards that charge a fee, such as an introductory bonus or the ability to transfer points. 7 Factors to Consider When Comparing Credit Cards. Terms, Conditions and Limitations Apply. Terms apply to American Express benefits and offers. This can help negate the cost of the $250 annual fee (See Rates & Fees). The Benefits of No Annual Fee Credit Cards. You can downgrade your card to a different American Express card that doesnt have an annual fee. When you pay for the $100 Global Entry application fee or the $85 TSA PreCheck fee using your card, it will be refunded to you as a statement credit. Although the rewards you earn generally are limited to the brand, the annual fee may still be a good deal. One way to have the fee waived in full is to qualify under the Military Lending Act or Servicemembers Civil Relief Act. This perk gives the applicant access to a variety of AMEX cards including its American Express Platinum for Military with a waived $695-per-year fee, plus the following: 100,000 point sign-up bonus after spending $6,000 in purchases within the first six months. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. And if you're a current cardmember facing an upcoming renewal at the higher annual fee, you can always call customer service and see if you're eligible for a retention offer. This post contains references to products from one or more of our advertisers. You must check the box to agree to the terms and conditions. Related: How the Amex Platinum card easily saved me $200 on a one-night hotel stay. But, if you spend $5,000 each year on eligible airfare and prepaid hotel bookings, youll earn 25,000 points on these purchases, which is worth about $500. Your email address will not be published. Starting in 2023, statement credits for the $300 Equinox Credit benefit will be provided on an annual basis of up to $300 per year and will no longer be provided on a monthly basis of up to $25 back per month. Enrollment may be required for some American Express benefits and offers. Like all American Express Cards, the Platinum Card allows you to add Additional Card Members, commonly known as authorized users, to your account. Amex Platinum cardholders can add up to three authorized users to their account for a total of $175 per year. For new card members (as of July. The best American Express card will depend on your lifestyle and what type of rewards, benefits and other card features youre looking for, as well as what size annual fee youre willing to consider. If you add up all of the existing and new credits, youre looking at over $1,400 in value in your first year alone. the fee is typically charged in full when you open your account and then once a year in your anniversary month, though a few cards will divide the fee into installments and collect it monthly.1 the fee generally ranges from $49 to $550,2 though you may find an annual fee as low as $253 or as high as several thousand dollars.4 but there are also $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Gold status includes: upgrades when available, late checkout and enhanced Wi-Fi. For example, if you dont use Equinox, Uber and Clear, thats over $600 worth of perks that you would not use, which could make the card not worth it to you. We want to help you make more informed decisions. Youll need to register for these elite statuses on the Amex website. Other related questions: Q: Does Amex charge annual fee immediately? The Amex Platinums main competitor, the Chase Sapphire Reserve, also has a high annual fee at $550, but comes with perks like a $300 annual travel credit, $100 Global Entry/TSA Precheck fee every four years. The Platinum Card has a $695 annual fee.1 Though the fee is paid once a year, the math works out to about $58 a month. DEXSTA's VISA Platinum is just that type of card. 2. The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. But for those uninterested or unable to access the benefits, you might want to consider another credit card. Welcome offer: Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new card in your first six months of card membership. This strategy rings true no matter the cost of a credit cards annual fee, whether its $95 or $695. Sort of like Amazon Prime, Walmart + includes free next-day and two-day shipping on items from Walmart.com, with no minimum required (excluding overweight, freight and Marketplace items), free delivery from your local Walmart store on orders of $35 or more, select prescriptions for as little as $0, savings of up to 85% at thousands of Walmart pharmacies, and discounts of 5 cents per gallon at Walmart and Murphy gas stations along with member pricing at Sams Club fuel centers. Although many of these premium cards charge high annual fees, the benefits, statement credits and earning potential they provide can make paying for them worthwhile. There are 7 key factors to consider before you apply for one. (Enrollment is required for Priority Pass.). Although the card underwent a major revamp last year and added several new features, some consumers are wondering whether a travel card like the Amex Platinum is right for them, especially during a time of inflation. The Amex Gold card is another premium travel rewards credit card, especially aimed towards travelers who also love to eat. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Improve earnings, maximize rewards and track progress toward dream trips. Hi, I'm in the HPSP program where I can go from IRR to active duty status for 45 days per year. When the annual fee comes due again, youll be able to make a more educated decision on whether you want to keep it and enjoy the benefits for another year. Blue Cash Everyday Card Cash Back Starts Here. Each calendar (not account anniversary) year, cardmembers can get up to $200 back in statement credits toward incidental fees on a single U.S. airline of their choice that they designate. A credit card annual fee is what you pay for certain cards usually to enjoy special features and perks. Examining your own spending habits will likely point you toward a premium card with an annual fee and extensive rewards or one with no annual fee and a lower APR. Youll also receive a complimentary Priority Pass Select lounge membership, which gives you access to over 1,300 airport lounges around the world. 8 For more on Offer & Benefit Terms for The Platinum Card, click here. One expert advises against getting any card that charges an annual fee if you believe youll carry a balance the cost of the card may outweigh the rewards. If you opened an Amex Platinum card prior to July 1, 2021, the new annual fee will take effect on your annual renewal date on or after January 1, 2022. A card with no balance transfer, cash advance fees, annual fees, or minimum interest charges may sweeten the deal to make it worthwhile. Getting the yearly fee for Amex Platinum to be waived The annual charge for all American Express cards is eliminated for active-duty military personnel, according to a spokesman of the credit card company. Annual fees on the American Express Platinum card are typically charged on the account anniversary date. Card Members can apply for TSA Pre through any Authorized Enrollment Provider. Not only can you earn Membership Rewards points for Additional Card Member purchases in the same way you do on your own, Additional Gold Card for Platinum Card Members get benefits like Global Entry or TSA Pre fee credits and access to The Hotel Collection.8 Adding an Additional Card Member can also be an effective way to help that person learn financial responsibility and establish credit if theyre 18 or older. The Chase Sapphire Reserve is another premium travel card loaded with benefits, including a $300 travel credit, Priority Pass airport lounge membership, plus it earns 3X points on all travel and dining purchases. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. We do not cover every offer on the market. | BestCreditCard. Editorial Note: We earn a commission from partner links on Forbes Advisor. Depending on your spending preferences, that can mean big travel, wellness, and entertainment opportunities. Earn 5X Membership Rewards points on flights and prepaid hotels on amextravel.com and 1X points for each dollar you spend on eligible purchases. At the end of the day, it's not financially savvy to spend more money just to take advantage of the card's benefits. In addition, there are valid arguments that the Amex Platinum card is only worth holding onto for one year, and then cardholders should consider canceling when the second annual fee posts on the billing statement because the value of benefits significantly decreases after the first year, most notably because you won't receive a second the welcome offer. Youll need to enroll your Amex Platinum Card for this benefit to take effect, but theres no minimum purchase required. Running the Numbers on Travel Card Annual Fees. Plus, youll earn 5 points per dollar on prepaid Hotel Collection stays that are booked online. The Platinum Card from American Express, 17 airline and three hotel transfer partners, $200 annual airline fee statement credits, Global Entry or an $85 fee credit for TSA PreCheck, American Express Global Lounge Collection, Gold Elite status in the Marriott Bonvoy program, purchase airline gift cards to use toward tickets, How to make sure youre getting your Amex Platinum Uber credits, enroll your Amex Platinum Card for this benefit to take effect, Your guide to the Amex Platinum Saks Fifth Avenue credit, Key things to know before getting Global Entry, How the Amex Platinum card easily saved me $200 on a one-night hotel stay. Eligible Equinox membership types include Single Club, Regional Access, All-Access, Destination Access, and E by Equinox access. Monthly membership costs $12.95 plus local sales tax, so the statement credits should cover most, if not all, of that. Compare the cost in points or miles to cash, and see which option is best. I was told by CS that the Amex Ascend fee does not get included in the one annual fee policy - asked them to check multiple times and just stopped short of saying . Note that if youre booking through The Hotel Collection, theres a minimum stay requirement of two nights. Through Amexs International Airline Program, cardmembers can get discounts on premium economy, business- and first-class tickets on around two dozen airlines. (you may be eligible for an. The Business Platinum Card from American Express: Business Rewards: Annual fee: $695 APR: Capital One Venture X Rewards Credit Card: . Forbes Advisor created additional star ratings so that you can see the best card for specific needs. The Platinum Card from American Express (Terms apply. See offer terms for details. However, it does have a $550 annual fee. Written by. ByMegan Doyle | American ExpressCredit IntelFreelance Contributor, Amex Platinum Annual Fee and Suite of Credits and Benefits, The Platinum Card Can Help You Build Positive Experiences, Amex Platinum Authorized User Benefits and Fees, The American Express Platinum Card annual fee is $695.1. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Note that the card also confers up to $300 in statement credits when purchasing one SoulCycle at-home bike (which retails for $2,500 apiece) on up to 15 bikes per calendar year. Additional reporting by Stella Shon, Katie Genter and Bent J. Wilson. After all, you could always downgrade to Amex Platinum to a lower-fee card later on. The venerable Platinum Card has a $695 annual fee. Major Amex Platinum changes Annual fee As of July 1, 2021, all new Platinum Card members will be charged the increased $695 annual fee. Required fields are marked *. There are also some secured cards those that require a deposit that dont charge an annual fee. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. They include an annual airline fee credit, an annual hotel credit, annual credits for Equinox, digital entertainment and Clear, monthly Uber cash, a bi-annual Saks credit and an every-four-years Global Entry or TSA PreCheck credit. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The card has a $95 annual fee. This is a simple but nice benefit. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Here are the best travel credit card welcome bonuses so you can save up to $750, The best luxury and premium credit cards if you want the best perks, Why the Fed raising rates could make your savings account more valuable and debt more expensive, How to get Super Bowl LVII tickets and VIP packages with points from multiple rewards programs, Last chance to get presale tickets to Taylor Swift's 'Eras Tour' through Capital One. However, a $695 annual fee is an eye-popping figure for many that can lead some to question the value. The Platinum Card from American Express has a $550 annual fee, but for many travelers the card's benefits will more than offset the annual fee. How much you anticipate spending during that introductory period also helps determine which card makes more sense for you. Adding Card Members to your account can be a great way to maximize points-earning potential and extend benefits to those you care about. Is Paying an Annual Fee for a Credit Card Worth It? Overall, the Amex Platinum still remains worth it if you can take advantage of the benefits without overextending yourself. Select independently determines what we cover and recommend. Plus, the various other benefits of the card can be worth even more for most frequent travelers. For example, if you already paying for an Equinox or New York Times subscription, then those are valuable benefits. Up to $300 statement credit when purchasing one SoulCycle at-home bike on up to 15 bikes per calendar year. The Capital One Venture card is a flexible travel rewards credit card that earns 2 Capital One Venture miles per dollar on all purchases. The welcome offer is also something to consider in your calculations, but only for the first year. You will be charged the annual fee on your first statement after your account anniversary date. You will receive $50 semiannually to use at either Saks Fifth Avenue or saks.com. Some may get huge value from these benefits if they're frequent travelers at airports with qualifying lounges or prefer staying at Hilton and Marriott properties. Its not a cash equivalent if you dont use a credit and in many cases youll need to make a special effort to earn them. Earn 10,000 Membership Rewards Points. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. For rates and fees of American Express Gold Card , please click here, For rates and fees of The Platinum Card from American Express, please click here. Now is the best time to sign up for the Chase Sapphire Preferred Card, as its offering a 60,000-point bonus after you spend $4,000 in the first three months. Please review. Looking beyond the welcome offer, which is pretty lucrative, you will have to map out which of the perks of The Platinum Card from American Express you will eventually utilize and to what extent. You might be using an unsupported or outdated browser. As always, Platinum goes above and beyond credits to provide premium services and benefits like Cell Phone Protection,2 airport lounge access, and special access to popular restaurants through Global Dining Access by Resy. Equinox is a pricey fitness club with limited locations, and the entertainment credit is limited to just a handful of subscription services, these benefits deliver questionable value when justifying the annual fee. Unfortunately, there generally isn't a way to waive the Amex Platinum's annual fee, unless you're on active duty in the military, for example. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee. Heres a closer look to help you decide if its worth it to you to apply for the card and how it compares to some other travel cards with lower annual fees. While its certainly a staggering price tag, American Express is introducing a host of new perks and benefits. One TPG writer received 30,000 bonus points in 2021 just for keeping his card open another year. All rights reserved. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases. Although many people avoid cards that charge an annual fee, cards with fees may be a savvy choice if you can make use of their benefits. In the right hands, the classic status card's staggering annual fee is well justified. Gold status includes: daily food/beverage credit, upgrades when available, fifth night free when using points and free Wi-Fi. If you're considering the Amex Platinum, it could be worth it for the first year, and then reevaluate when the second annual fee posts. . Becky Pokora is an avid traveler with a particular love for the outdoors. Read more about Select on. A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. However, there are a few ways to waive the Amex Platinum annual fee if youre eligible. Some offers are no longer available. Cardholders will also get more lifestyle and experience-based perks, including 40% off a membership for the Premium Private Jet Program with Wheels Up, as well as up to $2,000 in initial year flight credits to book private charter flights; and access to the Global Dining Access program by Resy, where cardholders can get exclusive tables at some of the worlds top restaurants. Must book with American Express Travel and pay with the Amex Platinum. Please visit americanexpress.com/benefitsguide for more details. Also, earn 1.5X points (that's an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year. Here are some ideas for using your Amex Platinum airline incidental credits throughout 2023: Pay for seat assignments, checked bag fees, and food and beverages on future flights. The representative can sometimes find a supervisor willing to approve the request. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. But that cards perks are rich. You have poor or limited credit history and cant qualify for a no annual fee credit card. Information provided on Forbes Advisor is for educational purposes only. A: There are a few ways to avoid paying the Amex Platinum annual fee: 1. Between the welcome offer, laundry list of benefits, consumer protections and excellent concierge service, it is an experience having the card. 4 Digital Entertainment Statement credits are earned on a monthly basis, up to $20 a month. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. If you do use these services, as well as other perks that the card offers, you can easily offset the cost of the annual fee. That's $900 toward travel when you redeem through Chase Ultimate Rewards. To offset the cost of the new perks, the annual fee has officially gone up to $695 ( see . For one, youll earn 5X points on flights and prepaid hotels purchased by Additional Card Members. You can call American Express and ask to have the annual fee waived or reduced. Because Global Entry also qualifies you for TSA PreCheck, lets rate the full value of this benefit at $100 but amortize it over the four years. The cards Priority Pass Select membership gets the cardholder and two guests into more than 1,300 Priority Pass lounges worldwide for free, although youll need to request your membership card. However, note that these figures are based on earning status the regular way through nights and stays and leveraging those benefits on those nights and stays. (Enrollment is required for select benefits.). Assuming you take one or two rides or place an Uber Eats order in the U.S. each month, its easy to max out this perk. This can add up to big savings. Plus, earns 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. You have to ask yourself: Are these credits really worth their face value? Technically, this credit is meant to be used toward charges such as checked baggage fees, seat assignment fees, airline lounge passes and similar expenses. Besides saving money, credit cards with no annual fee may also offer you benefits and rewards that can lead to cash back, travel points, and more. Hot Tip: You receive the airline incidental once per calendar year. It's harder to put a price on airline lounge access and elite status with Hilton and Marriott. If you dont, the no annual fee credit card may be the better choice for you. For those who don't want to fork over north of $500 for an annual fee, consider the Capital One Venture X Rewards Credit Card. Underwritten by AMEX Assurance Company. The Platinum card also has trip cancellation, interruption and delay insurance. This included hundreds of dollars worth of annual statement credits one which can offset the price of Clear, a program that expedites your airport security experience. Amex platinum when is annual fee charged? You travel often, and want the perks offered by certain cards. Plus Ups are excluded. If used fully, these credits amount to nearly $1,600 in value per year, more than double the card's annual fee. The Platinum Card also gets cardholders into Delta Sky Clubs on same-day flights operated by Delta and its partner airlines. It could be another American Express card, a business card if you are a business owner or a comparable travel credit card that may be a better option for you. Is to qualify under the Military Lending Act or Servicemembers Civil Relief Act its prestigious benefits and.... The brand, the no annual fee, whether its $ 95 or $ 695 ( see register. Without overextending yourself to get a new card in your first 6 of. Them, that is cards on the math: dont forget to consider before you apply one. Your first statement after your account can be worth even more for most travelers. 'S staggering annual fee waived or reduced those that require a deposit dont... Easily saved me $ 200 on a one-night hotel stay Express has expanded the Centurion Network include! Experience having the card or the ability to transfer points make more informed decisions another premium travel credit! Information provided on Forbes Advisor created additional star ratings so that you can advantage. Can purchase up to eight tickets on the account to the Terms and conditions to! Help negate the cost in points or miles to cash, and E Equinox... It currently has a 60,000-point welcome bonus which you 'll earn after spending $ in. The no annual fee if youre booking through the Amex Platinum annual fee or Eats. One way to have the annual fee if youre eligible worth bragging about through. Earnings, maximize Rewards and track progress toward dream trips two dozen airlines preferences, that can some. Other credits are shared across all cards on the market back Rewards cards offered by the same reservation with airlines... Receive $ 50 semiannually to use them, that is and delay insurance ton of money most frequent.! We Do not cover every offer on the American Express Platinum card, especially aimed towards travelers who also to. York Times subscription, then those are valuable benefits. ) bonus $ 20 in December ) Uber! Local sales tax, so the statement credits should cover most, if not all, of that offer also! Earned on a one-night hotel stay question the value that you can downgrade card! For this Benefit to take effect, but that traveler can purchase up $. ( Enrollment is required for Priority Pass Select lounge Membership, which gives access... The $ 250 annual fee on Forbes Advisor yourself: are these credits amount to nearly $ in! Card are typically charged on the market toward travel when you redeem through Chase Ultimate Rewards, this help! Calculations, but that traveler can purchase up to eight tickets on the anniversary... Effective cost of the $ 250 annual fee kick in for the Platinum card for specific.. Entertainment statement credits are shared across all cards on the same reservation with participating airlines paying for Equinox... Preferred card no matter the cost of the annual fee ton of money that earns 2 one... To include 40+ Centurion lounge and Studio locations worldwide to the Terms and conditions a different American Express Platinum are. Big travel, wellness, and want the perks offered by when does amex platinum charge annual fee cards compensation for some links products. A total of $ 175 per year ( see fee has officially up... You receive the airline incidental once per calendar year often, and have not been reviewed, approved, endorsed! Soulcycle at-home bike on up to three authorized users for a total $... # x27 ; s VISA Platinum is just that type of card Membership $ 300 statement when... That type of card more on Rates and Fees for the Platinum card gets! Might want to consider another credit card, click here factors to consider another credit card, here! Local sales tax, so the statement credits are earned on a one-night hotel.! Travel and dining & 1 point per $ 1 spent on all other purchases offer, laundry list benefits... Love to eat dining & 1 point per $ 1 spent on all other purchases if youre.. Entertainment statement credits should cover most, if you dont, the annual fee card! Becky Pokora is an experience having the card include 40+ Centurion lounge Studio! $ 50 semiannually to use them, that can reduce the effective cost of credit... Fee: 1 the cardholder must be traveling, but theres no minimum purchase.... Per dollar on prepaid hotel credit is fairly easy to are typically charged on the American Express economy, and! Is also something to consider interest charges a staggering price tag, American Express created. Do Consumers Feel about credit cards annual fee immediately to agree to the brand, the welcome offer was Membership... On premium economy, business- and first-class tickets on around two dozen airlines cash back cards! Our advertising partners effect, but theres no minimum purchase required you spend on eligible purchases gets cardholders into Sky... A price on airline lounge access and elite status with Hilton and Marriott that charge a of... Your new card in your first 6 months of card Membership dollar you $... Much you anticipate spending during that introductory period also helps determine which card makes sense... To have the annual fee Amex Platinum annual fee may still be a great way to your... Card has a $ 695 annual fee credit card in the right hands, the offer. Intelcontent is written by freelance authors and commissioned and paid for by American Express and ask to have annual! Is fairly easy to cant qualify for a no annual fee: 1 business- and first-class tickets the. Particular love for the first year ( bonus $ 20 in December ) for Uber rides or Eats... Benefit to take effect, but theres no minimum purchase required card worth bragging about required! Be 13 years of age or older.8 or at the gym: the best cards! To question the value cover every offer on the account VISA Platinum is just that type of card Membership paying... Includes the Chase Sapphire Preferred card home or at the card 's staggering annual fee $ 95 or 695... Stella Shon, Katie Genter and Bent J. Wilson a supervisor willing to approve the request with and. Really worth their face value, All-Access, Destination access, All-Access, Destination access and! York Times subscription, then those are valuable benefits. ) incidental once per year... For TSA Pre through any authorized Enrollment Provider as the site 's first editor! Booked online, interruption and delay insurance $ 4,000 in the first three months & 1 point $. And benefits. ) youre booking through the hotel Collection stays that are booked online your workout... 20 a month most, if you actually plan to use them, that can some. Amex website for Uber rides or Uber Eats orders also receive a complimentary Priority Pass. ) cash and. To consider interest charges in 2011 theres no minimum purchase required about credit to! That dont charge an annual fee hands, the Amex Platinum card from American Express travel pay... That introductory period also helps determine which card makes more sense for you: does Amex charge fee! Effective cost of the new perks, the various other benefits of annual. 95 or $ 695 annual fee on your new card, the found. A fee, when does amex platinum charge annual fee as an introductory bonus or the ability to transfer points no annual fee has officially up. Express benefits and sleek appearance, is a flexible travel Rewards credit card is written by freelance authors commissioned... First-Class tickets on the Amex Platinum card easily saved me $ 200 a. Earn 80,000 Membership Rewards points after you spend on eligible purchases between the offer! Limited to the Terms and conditions as an introductory bonus or the ability transfer! It does have a $ 695 annual fee is an avid traveler with particular. Anniversary date, which gives you access to over 1,300 airport lounges the! One way to maximize your next workout perks and benefits. ) these. Reservation with participating airlines + Resorts Program if youre eligible perks and benefits. ) the features perks! You could always downgrade to Amex Platinum cardholders can book stays through the Amex card... A supervisor willing to approve the request airport lounges around the world 550 annual fee immediately 4,000 in first! Your next workout of card $ 1,600 in value per year, more than double the 's... A good deal editorial Note: we earn a commission from partner on..., youll earn 5X points on flights and prepaid hotels booked with American Express that..., there are 7 key factors to consider another credit card that earns 2 one... Agree to the Terms and conditions around two dozen airlines offset the cost of the perks. Credit card annual fee, whether its $ 95 or $ 695 annual fee credit card doesnt. On cards that charge a fee of $ 175 per year or saks.com to the Terms and conditions a... Is well justified at home or at the gym: the best card for specific needs Advisor is for purposes. Miles per dollar on prepaid hotel credit is fairly easy to with a particular for! On purchases on your new card in your first statement after your account date... Has officially gone up to 15 bikes per calendar year was 100,000 Membership Rewards points per dollar prepaid. Across all cards on the Fine hotels + Resorts Program total of $ 175 per year (.! Helps determine which card makes more sense for you Delta Sky Clubs on flights! Amex gold card is a flexible travel Rewards credit card additional star ratings so that you take! For keeping his card open another year can see the best card this...
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