What an Amex Platinum Card Offers Cardholders
Have you wondered what having a Platinum Express card means? If so, you’re not alone. There are many people who want to know if it’s a luxury card or just a charge card. You might even be wondering how to carry a balance with the Platinum. To help you decide, read on to discover some of the benefits and other information about the American Express Platinum card.
Is American Express Platinum a luxury card?
The American Express Platinum card comes with benefits like lounge access and generous statement credits for travel. You will have access to the Hilton Hotel loyalty program and can also redeem your points for free stays at their hotels. There are several perks of this card, but you need to make sure it suits your lifestyle and preferences. In this article, we’ll discuss some of them. The American Express Platinum card is designed for people who enjoy luxury and the benefits it offers.
The Platinum Card from American Express has no published income requirements. This is because the card is aimed at higher earners. It also offers consumers protections, but its annual fee is too high for some. There are some new benefits that some consumers don’t appreciate, including entertainment credits and Equinox membership. These incentives are forcing customers to spend more than they normally would. As a result, some consumers are having a hard time justifying the annual $695 fee.
Can I carry a balance on Amex Platinum?
Amex’s premium retail partner Saks Fifth Avenue offers a bonus to Platinum cardholders. For every $6,000 spent between January and June, Platinum cardholders will receive $100 in credit. From July to December, they can get another $50 credit. However, you must enroll to take advantage of this benefit. Note that the credit cannot be used for purchases at Saks Fifth Avenue outlets or gift cards. Moreover, purchases made outside the U.S. do not qualify for the bonus.
While Amex has long been known for its charge cards, the company has expanded its lineup in recent years. Besides offering standard rewards credit cards, the company now offers “Pay Over Time” options to customers who want to carry a balance. For a small monthly fee, you can enjoy up to $10 statement credits each month at participating restaurants. However, be sure to pay your entire balance each month to avoid late fees.
American Express Platinum Card Benefits
The American Express Platinum Card has a variety of benefits that make it an excellent choice for frequent travelers. First, new Card Members earn up to 100,000 bonus points when they make at least $6,000 in purchases in the first six months of their account. They can also use their bonus points to get a $1,000 statement credit if they spend that much in the first six months. Another bonus benefit of the Platinum card is that members can take advantage of the “Pay It Plan It” feature. This feature allows members to pay off purchases in small installments over a specified time period, usually a few months or a year.
This card also has some valuable benefits, including lounge access and hotel elite status. While the American Express Platinum Card has many benefits, the Chase Sapphire Reserve offers great value in everyday purchases. These rewards can make the Platinum Card a smart choice for travelers on a budget. But before you sign up for a new card, make sure you read all the benefits. If you have a hard time deciding which one to get, read on.