The Platinum Card® from American Express has long been a symbol of extravagance and affluence. And with its precious annual fee, it’s easy to see why. Yet, this premium credit card is more than just wallet candy — it offers cardholders a diverse lineup of statement credits and benefits that may negate the yearly cost for many people.

Each year, Platinum Card members look forward to a collection of rebates, including: $200 hotel credit, $200 airline fee credit$240 digital entertainment credit, $155 Walmart+ credit, 200 Uber Cash, $300 Equinox credit, $100 Saks Fifth Avenue credit, $189 CLEAR credit

Some of these benefits will more exciting than others, depending on the merchants and services you already use. Still, cardholders who can take full advantage of what The Platinum Card® from American Express offers will find outsized value for its yearly fee.

Keep in mind, with any credit card benefit, terms and conditions apply. Read our full review of the Platinum Card.

Offer Details

Annual Fee: $695
Welcome Offer: 80,000 Membership Rewards® Points ⓘ
APR: 19.74% to 26.74% Variable APR on eligible charges
Rewards Rate: 1-5X Points ⓘ
Details: Full Review

Annual Fee: $695

APR: The card charges a variable APR of 19.74% to 26.74% on eligible charges, depending on your credit worthiness.

Rewards Rate: This card awards 5X points per dollar on flights booked directly with airlines or through up to $500,000 a year and prepaid hotels also booked via You’ll also earn 1X point on all other eligible purchases.