BIG CHANGES: Amex Platinum Card in 2023 (Should You Get It?)

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Of all the best travel credit cards on the market, the American Express Platinum Card usually comes to mind first. Although its earning power is not great for everyday spending, where it really stands out is with all of the premium travel benefits (and more recently, lifestyle benefits). Here's my full Amex Platinum Card review...

For the initial public welcome offer, you can earn 80,000 Amex Membership Rewards points after spending $6,000 in the first 6 months (worth $800+ for flights). However, there may also be Amex Platinum 150K offers on a targeted basis. The Amex Platinum Resy offers tend to be good as well.

The Amex Platinum annual fee is now $695.

To earn Amex Membership Rewards points long term, the Amex Platinum Card offers the following earning categories:
- 5X Flights - booked directly with the airlines or via the Amex Travel portal on up to $500K spend per year.
- 5X Hotels when they’re prepaid and booked via the Amex Travel portal.
- 1X Other Purchases.

What are Amex points worth?
- 1 point = 1.7¢ on average when redeemed via Amex Transfer partners.
- 1 point = 1.0¢ for flights and Amex Fine Hotels and Resorts bookings via the Amex Travel portal.
- 1 point = 0.7¢ for hotels, car rentals, cruises, and vacations.
- 1 point = 0.6¢ for cash back as a statement credit.

Amex Transfer Partners
Airlines
- Aer Lingus AerClub
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France KLM Flying Blue
- ANA Mileage Club
- Avianca LifeMiles
- British Airways
- Cathay Pacific Asia Miles
- Delta SkyMiles
- Emirates Skywards
- Etihad Guest
- Hawaiian Airlines HawaiianMiles
- Iberia Plus
- JetBlue TrueBlue
- Qantas Frequent Flier
- Singapore Airlines KrisFlyer
- Virgin Atlantic Flying Club
Hotels
- Choice Privileges
- Hilton Honors
- Marriott Bonvoy

Regarding the Amex Platinum Card Benefits, there are TONS of them outlined in the video. They range from travel to lifestyle to retail benefits (plus insurance protections) and can bring a lot of value provided they fit into your spending and travel habits.

Here are a few of the updates that have occurred over the past year or so…

1. The Amex Centurion Lounge guest policy has changed.
- Guests ages 18+: $50 each
- Guests ages 2-17: $30 each
- Guests under 2 years old: free
- WAIVER: By spending $75K per calendar year on the Platinum Card, you can bring 2 guests per visit for free.

2. The $300 Equinox credit can now be used annually. It will run on a calendar year and ALL membership types will be eligible.

3. The Hertz elite status has been upgraded to Hertz President's Circle.

4. The CLEAR Credit is now $189 (up from $179).

5. The $240 Digital Entertainment credit has expanded and now includes: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and the New York Times.

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#creditcards #americanexpress #moomootrading