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The Platinum Card® from American Express has an offer for 100,000 bonus Membership Rewards® points when you spend $6,000 in your first 6 months (ways to meet this spending requirement). These 100k bonus points are worth up to $2,000 based on our valuations. See how this compares with other top card bonuses.
The offer comes in the form of Membership Rewards points. The easiest options for redeeming these points would be by booking travel through American Express or by redeeming for gift cards. If you’re looking to maximize your rewards, you’ll want to transfer your points to a partner program. The biggest drawback to this card is the $695 annual fee (See Rates & Fees, Terms Apply), as this card falls in the premium class of credit cards (unlike typical credit cards, the Card allows you to carry a balance for certain charges, but not all).
With this card, you earn 5X points for flights booked directly with airlines or with American Express Travel (up to $500,000 on these purchases per calendar year) and 5X points on prepaid hotels booked with American Express Travel.
The Platinum Card has a market because it offers premium travel benefits, such as airline lounge access, an annual $200 airline fee credit at one select qualifying airline, an annual $200 hotel credit on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel, and an exhaustive list of many more travel perks. For frequent travelers, the added benefits make sense in terms of value and added luxury.
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