$155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Do I pay upfront if I get approved or torward the end of the fiscal year. Then you can determine whether the annual fee is worth it for you based on your spending and travel habits. This post contains references to products from one or more of our advertisers. We want to help you make more informed decisions. Compare the wide range of credit cards and choose the one that suits you best. The Platinum card also has trip cancellation, interruption and delay insurance. Here are some ideas for using your Amex Platinum airline incidental credits throughout 2023: Pay for seat assignments, checked bag fees, and food and beverages on future flights. At home or at the gym: The best credit cards to maximize your next workout, seemingly comes with every premium credit card, prepaid Amex Fine Hotels & Resorts bookings made online, eligible Amex Fine Hotels & Resorts stays, The American Express Global Lounge Collection, youll need to request your membership card, these guests will also need to be flying Delta, 5 points per dollar on prepaid stays booked online through FHR, full guide on the Fine Hotels + Resorts Program, The Hotel Collection with American Express Travel, full guide to the Cruise Privileges Program, National Car Rental Emerald Club Executive, Do Not Sell or Share My Personal Information, Earn 80,000 Membership Rewards Points after you spend $6,000 on purchases within the first six months of card membership. Welcome offer: Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new card in your first six months of card membership. The Amex Platinum Card offers eight main statement credits that can reduce the effective cost of the annual fee. Benefits include a $300 annual Capital One Travel credit, airport lounge access and a large welcome bonus. To enjoy the features and perks of some credit cards, you pay an annual fee. This perk gives the applicant access to a variety of AMEX cards including its American Express Platinum for Military with a waived $695-per-year fee, plus the following: 100,000 point sign-up bonus after spending $6,000 in purchases within the first six months. If youre approved for Global Entry, youll receive access to TSA Pre at no additional charge. The American Express Business Platinum card offers up to $200 annual airline fee credit. For those who don't want to fork over north of $500 for an annual fee, consider the Capital One Venture X Rewards Credit Card. By providing your email, you agree to the, One Thing Couples Should 'Never, Ever' Do With Their Money, According to Suze Orman, What Is Term Life Insurance? Plus, the various other benefits of the card can be worth even more for most frequent travelers. This is one of the most basic, yet still confusing (to some), benefits of the Amex Platinum Card. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Remember: While Additional Card Members are not account owners, they are authorized to use the primary Card Members account. Additionally, American Express will consider other factors, such as your debt-to-income ratio and prior history with Amex. Depending on your spending preferences, that can mean big travel, wellness, and entertainment opportunities. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Sort of like Amazon Prime, Walmart + includes free next-day and two-day shipping on items from Walmart.com, with no minimum required (excluding overweight, freight and Marketplace items), free delivery from your local Walmart store on orders of $35 or more, select prescriptions for as little as $0, savings of up to 85% at thousands of Walmart pharmacies, and discounts of 5 cents per gallon at Walmart and Murphy gas stations along with member pricing at Sams Club fuel centers. If you want similar travel perks to the Amex Platinum and you run a business, consider The Business Platinum Card from American Express. If you add up all of the existing and new credits, youre looking at over $1,400 in value in your first year alone. Purchase airline lounge day passes for future use. Instead, you can consider how youll use the card and do the math. This can add up to big savings. Amex Platinum annual fee increase from $550 to $695. Toward the other end of the spectrum is an elite travel credit card with a $550 annual fee. Plus, earns 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. Additionally, all Equinox memberships include complimentary access to the Equinox+ fitness app. DEXSTA's Visa Platinum Card Offers A 2.99% Introductory Rate For Borrowers. Please visit americanexpress.com/benefitsguide for more details. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. Equinox is a pricey fitness club with limited locations, and the entertainment credit is limited to just a handful of subscription services, these benefits deliver questionable value when justifying the annual fee. DEXSTA's VISA Platinum is just that type of card. That means you may have the $695 annual charge for the American Express Platinum Card removed. Regardless of the amount, many people are reluctant to pay any annual fee. Insider values Amex points as worth 1.8 cents each, on . Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. After all, you could always downgrade to Amex Platinum to a lower-fee card later on. Amex platinum when is annual fee charged? Please visit americanexpress.com/benefitsguide for more details. Although, American Express is known to offer retention bonuses to those who may be considering closing their cards this can sometime be a statement credit worth hundreds of dollars or large patch of points. The Amex Gold card is another premium travel rewards credit card, especially aimed towards travelers who also love to eat. 8 For more on Offer & Benefit Terms for The Platinum Card, click here. Starting July 1, 2021, the card will have an annual fee of $695, up from the previous $550 . In an attempt to make the Platinum Card more lifestyle-focused, Amex added a digital entertainment credit that offers reimbursement for the following services: Audible, Peacock, SiriusXM and The New York Times. The Platinum Card offers a suite of elevated benefits, including wellness, entertainment, and travel credits. The Platinum Card from American Express (Terms apply. Welcome bonus: Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Running the Numbers on Travel Card Annual Fees. Underwritten by AMEX Assurance Company. This is another great benefit targeted toward frequent travelers. Depending on how you use it, they say, a card with an annual fee even a high one may make better financial sense than a no annual fee credit card.6. There are strong arguments in favor of the card, such as an impressive roster of 17 airline and three hotel transfer partners including British Airways and Delta, extensive airport lounge access perks, a Global Entry or TSA PreCheck application fee waiver every four years (up to $100), an annual airline fee credit, Uber credits, medical evacuation travel protection, travel insurance and more. Plus, youll earn 5 points per dollar on prepaid stays booked online through FHR. A card with no balance transfer, cash advance fees, annual fees, or minimum interest charges may sweeten the deal to make it worthwhile. 10X miles on hotels and rental cars, 5X miles on flights when booked via Capital One Travel; unlimited 2X miles on all other eligible purchases, Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening. Bank of America - 9,100. When you book a two-night or longer stay through The Hotel Collection with American Express Travel, youll get a $100 hotel credit for use on qualifying dining, spa and resort activities and a room upgrade upon arrival (when available). The primary Card Member is responsible for all spending activity and must pay for all charges made by Additional Card Members. The card also offers up to hundreds of dollars in statement credits each year, but the value you can reap from these benefits will vary for each cardmember. 3 weeks ago Seth. I'm interested in getting the Amex Platinum card with waived annual fees for military on my active duty tour. You will receive access to the American Express Global Lounge Collection, which includes: Priority Pass membership, Delta Sky Club access and Centurion lounges. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Terms, Conditions and Limitations Apply. Save my name, email, and website in this browser for the next time I comment. Please view our advertising policy page for more information. Cost includes $12.95 plus applicable local sales tax. These offers are subject to change at any time. The statement credits alone could provide nearly $2,000 in value, far more than the cost of the annual fee. You will receive up to $100 every 4 years after you apply for Global Entry. Nordstrom - 15,000. Some offers are no longer available. One airline-branded card, for example, offers a free checked bag for the cardholder and a companion. It is offering a welcome offer of 60,000 points when you spend $4,000 on eligible purchases within six months of card membership, and earns 4 points per dollar on dining and at U.S. supermarkets (up to $25,000 per calendar year, then 1 point per dollar), as well as 3 points per dollar on airfare booked directly with airlines or through Amex Travel and 1 point on everything else. The only downside is that youll need to pay a $39 service fee per ticket, even if you book using the new online chat service. Though rental car perks are hard to quantify, the conveniences, discounts and time-saving benefits like guaranteed availability and return grace periods can be invaluable especially with recent shortages. These new perks, credits and discounts are accompanied by a new higher annual fee on the Amex Platinum. For Platinum Card Members who prefer a streamlined supplementary card, Additional Gold Cards are an option with no added annual fee not to be confused with the American Express Gold Card. For many, the customer support they receive as a Platinum card member makes the annual fee worthwhile. 5 Benefits are only available for Fine Hotels + Resorts or The Hotel Collection properties booked through American Express Travel. Most Americans prefer no annual fee credit cards, but thats not always the smart move. Here are some common situations in which paying an annual fee may make sense: In some cases, accepting an annual fee may be your only way to get a credit card. Must book with American Express Travel and pay with the Amex Platinum. A credit card annual fee is what you pay for certain cards usually to enjoy special features and perks. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. While this won't directly offset my out-of-pocket cost for keeping the card, 55,000 Amex points can be worth far more than the annual fee. This site does not include all credit card companies or all available credit card offers. It also earns 3 points per dollar on dining, 5 points per dollar on travel purchased through Chase Ultimate Rewards and 2 points on all other travel. However, this depends on you leveraging each credit to its maximum. The fee will only be waived during years when you are still on active duty and you can contact American Express for more information on how to obtain your fee waiver. Hi, I'm in the HPSP program where I can go from IRR to active duty status for 45 days per year. Is Paying an Annual Fee for a Credit Card Worth It? Plus, you'll receive an automatic 10,000 mile bonus every year you keep your card open. Morgan Stanley Amex Platinum card members also get one authorized user at no additional charge (a $175 annual value) and their American. Whether you're a current Amex Platinum cardholder or are considering applying for it, it is advantageous to consider all options available. To get an Amex annual fee refund after closing an account, call customer service at (800) 528-4800 within 30 days to request a refund check. When does the annual fee kick in for the platinum? These are often valid for one year from purchase, but be sure to check the exact terms before buying any passes. Blue Cash Everyday Card Cash Back Starts Here. Note that the card also confers up to $300 in statement credits when purchasing one SoulCycle at-home bike (which retails for $2,500 apiece) on up to 15 bikes per calendar year. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. However, there are a few ways to waive the Amex Platinum annual fee if youre eligible. 3% cash back at gas stations and some department stories. Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. You can downgrade your card to a different American Express card that doesnt have an annual fee. 3. In addition to hotel elite status, cardholders can enroll for status with several car rental programs, including Avis Preferred, Hertz Gold Plus Rewards and National Car Rental Emerald Club Executive. Ready for a trip? Terms apply to American Express benefits and offers. Because Global Entry also qualifies you for TSA PreCheck, lets rate the full value of this benefit at $100 but amortize it over the four years. Sure to check the exact Terms before buying any passes every 4 after... The cost of the most basic, yet still confusing ( to some ), of... The exact Terms before buying any passes Express card that doesnt have an annual fee of $.. Website in this browser for the Platinum card with a $ 550 Terms apply receive up to 100! 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