American Express® National Bank Platinum® Credit Card Review

This is a rewards credit card issued by American Express National Bank. If you're wondering whether American Express® National Bank Platinum® Credit Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• Generous reward rate. You will get a rewards rate of up to 5 reward points per dollar spent.
• Signup bonus. Offers a signup bonus of 60000 points after spending $5,000 that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. American Express® National Bank Platinum® Credit Card has a variable purchase APR that ranges from 15.99% up to 22.99%.
• Accepts cosigners. American Express National Bank is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Airport Lounge Access. Benefits like airport lounge access can add luxury to your travel experience.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, Global Entry / TSA Precheck Fee Credit, identity theft protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

The Good

The Bad

Earn up to $40 per month in statement credits when you use your new Card to pay for select streaming subscriptions and wireless phone services through 12/31/20. Lower than average purchase APRs. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Global Entry / TSA Precheck Fee Credit. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. Cardholders can earn rewards on their purchases. American Express® National Bank Platinum® Credit Card reports to multiple credit bureaus.

Requires good to excellent credit. Charges an annual fee of $550

Does American Express® National Bank Platinum® Credit Card have a cash back or rewards program?

American Express® National Bank Platinum® Credit Card is a travel rewards card.

American Express® National Bank Platinum® Credit Card Rewards

Minimum rewards rate	1x
Max rewards rate	5x
Annual rewards limit	N/A
Signup Bonus (Points/Miles)	60000
Signup Bonus Spend Requirement	$5000

What are the American Express® National Bank Platinum® Credit Card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for American Express® National Bank Platinum® Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has lower than average regular APRs.

It has a variable purchase APR that ranges from 15.99% up to 22.99%. It also has a variable cash advance APR of 25.24% . Note that late payments are subject to an APR of 29.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for American Express® National Bank Platinum® Credit Card?

The following fees apply:

American Express® National Bank Platinum® Credit Card Fees

Fees	Amount
Annual Fee	$550
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does American Express® National Bank Platinum® Credit Card report your account activity to credit bureaus?

Yes, American Express® National Bank Platinum® Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for American Express® National Bank Platinum® Credit Card

• Visit the American Express® National Bank Platinum® Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.