Curious if the AMEX platinum card is actually worth the hefty $695 annual fee? 🤔 As someone who owns several high-fee credit cards, my golden rule is this – as long as I’m benefiting equal to or more than the annual fee, it’s a keeper! Let me guide you through how to maximize your American Express Platinum Card and unlock benefits worth a whopping $1679 (that’s before Membership Rewards points!), my estimated statement credits for 2023!
You wouldn’t believe the countless moments I’ve gotten a text, caught up with a buddy, or been out to dinner, and as we’re sorting out the bill, my friend grins and says, “Hey, thanks for the suggestion, I decided to go for the Amex Platinum.” I always tell people, ‘I can tell you how to get AMEX to pay YOU for having the card, not the other way around’.
🔍So I’ll tell you what I tell my friends…here are the key perks to keep an eye on:
Start by leveraging your $200 airline fee credit on extras such as in-flight meals, wifi and baggage fees. ✈️ You’ll need to choose an airline annually, and I usually go with American Airlines. 2023 Credit: $152
Next, make the most of your $200 Uber credit on rides or Uber Eats orders. 🚖 Being a Chicago resident, I find this easy to use up each month. 2023 Credit: $200
You’ll also enjoy up to $50 in Saks Fifth Avenue statement credits twice a year. 🛍️ I nabbed a lovely pair of cashmere gloves this winter which I wear almost every day. 2023 Credit: $100
One perk I absolutely loved last year was the $200 in prepaid hotel statement credits for Amex Fine Hotels + Resorts and The Hotel Collection stays annually (you need to stay for a minimum of two nights for The Hotel Collection). 🍇 We used this at Hotel Castelfalfi in Tuscany and got a $100 resort credit, a wonderful room upgrade, late checkout, and some free wine and snacks at check-in. Impressed is an understatement! 2023 Credit: $200
AMEX will also give you up to $20 in digital entertainment statement credits monthly for purchases from the likes of Hulu, ESPN+, Peacock, Sirius and more. 2023 Credit: $224
Plus, for the first time, I made use of some free memberships:
– Clear Plus membership. 2023 Credit: $189
– Equinox+, on-demand classes. 2023 Credit: $300
Moreover, I bagged over $300 in merchant credits just by adding merchant offers to my card in the app, and using my card at checkout. New offers are updated regularly.
Three other major perks include:
– Access to Centurion Lounge and Priority Pass lounges
– Cell phone protection coverage (if you buy your phone with your AMEX)
– Car Rental protection coverage
🎉 And there you have it! With some savvy use, you can easily reap $1679 in statement credits from your card. That’s more than enough to offset the annual fee and keep some change.
Enjoy your savings! 💳
For more info or to apply for the American Express Platinum Card, check out my referral link.
Good Times Lately 
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