Platinum Card from American Express® Review

Platinum Card from American Express® is a rewards credit card issued by American Express National Bank. If you're wondering whether Platinum Card from American Express® is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 5 points per dollar spent.
• Signup bonus. Offers a signup bonus of 75000 points after spending $5,000 that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 26.24%
• 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, purchase protection, travel accident insurance, travel assistance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

Platinum Card from American Express® Pros and Cons:

The Good	The Bad
Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Global Entry / TSA Precheck Fee Credit. Travel accident and travel assistance insurance. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Platinum Card from American Express® reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.	Higher than average purchase APRs. Requires good to excellent credit. Charges an annual fee of $550

Is there a Platinum Card from American Express® cash back or rewards program?

Platinum Card from American Express® offers a rewards program to its customers.

Platinum Card from American Express® Rewards

Rewards rate (all purchases)	1%
Max rewards rate	5%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	75000
Signup Bonus Spend Requirement	$5000

What are the Platinum Card from American Express® benefits?

Platinum Card from American Express® provides the following benefits:

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

What are the relevant APRs for Platinum Card from American Express®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Platinum Card from American Express® has higher than average purchase APRs.

Platinum Card from American Express® has a variable purchase APR of 26.24%.

What are the Platinum Card from American Express® fees?

The following fees apply to Platinum Card from American Express®:

Platinum Card from American Express® Fees

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

Does Platinum Card from American Express® report your account activity to credit bureaus?

Platinum Card from American Express® 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 can help improve your credit score.

How to apply for Platinum Card from American Express®

• Visit the Platinum Card from American Express® 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.