The Platinum Card® from American Express

The Platinum Card® from American Express Review

This is a rewards card issued by American Express National Bank. If you're wondering whether The Platinum Card® from American Express is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a rewards rate of up to 10 reward points per dollar spent.
• Earn 100,000 Membership Rewards® Points after you spend $6,000 or more on eligible purchases on your Card within your first 6 months of Card Membership starting from the date your account is approved.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.99% up to 25.99%.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• 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, airline credit, access to a concierge, emergency support, extended warranty protection on purchases, 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.

Pros & Cons of The Platinum Card® from American Express

The Platinum Card® from American Express FAQ

Does The Platinum Card® from American Express have a cash back or rewards program?

The Platinum Card® from American Express is a travel rewards card.

What are the The Platinum Card® from American Express 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
• Cell Phone Protection
• Travel Assistance
• Reports to major credit bureaus

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

The Platinum Card® from American Express has a variable purchase APR that ranges from 18.99% up to 25.99%. It also has a variable cash advance APR of 28.24% . Note that late payments are subject to an APR of 29.99% 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 The Platinum Card® from American Express?

The following fees apply:

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

Yes, The 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 may help improve your credit.

How to apply for The Platinum Card® from American Express

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