Yes, the Amex Platinum card is often considered worth the first-year fee, especially with a strong welcome bonus, due to easily achievable statement credits (like Uber, digital entertainment, airline incidental, Saks) that offset the annual fee, plus valuable perks like extensive airport lounge access, hotel status, and travel insurance, making its value potentially exceed the fee for frequent travelers and those who can utilize the credits. However, it's only worth it if you can use the credits and benefits; otherwise, it's just an expensive card.
2 in 90 Rule
You can only get approved for two credit cards every 90 days. This means that if you apply for a third card within the 90-day window, you'll automatically be rejected. These rules apply to credit cards only and not charge cards, so you can apply for as many charge cards as you like.
Is 175,000 Amex Points Worth the $895 Annual Fee? Short answer: Absolutely. The welcome bonus alone is worth 4X the annual fee.
The American Express Platinum Card® is for fairly rich people. A high income will help you afford this premium travel card's $895 annual fee.
Transferring 30,000 points to our loyalty partners gives you between £300 and £900.
This means that with careful planning and some savvy moves, those 45 million points could translate into around $900,000 in travel experiences! Imagine jetting off first class around the world or enjoying luxurious hotel stays—all made possible by those little numbers accumulating in your account.
How much are 150k Amex points worth? According to our valuations, Amex Membership Rewards points are worth 2.2 cents apiece. That means 150k Amex points would be worth around $3,300.
While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights — that can normally cost over $10,000 — for only 200K points, when transferred to a frequent flyer program.
The credit limit you can expect for a $70,000 salary across all your credit cards could be as much as $14000 to $21000, or even higher in some cases, according to our research. The exact amount depends heavily on multiple factors, like your credit score and how many credit lines you have open.
Centurion® Card from American Express
Why it's one of the hardest cards to get: The hardest card to get is the American Express Centurion Card, known simply as the “Black Card.” You need an invitation to get Amex Centurion, and only the super rich and famous can expect to get the call.
American Express maintains a strict rule of one bonus per card for life, regardless of the family of cards (cobranded airline and hotel, business, cash-back and rewards cards). Although this rule covers all Amex cards, you can earn a welcome offer on personal and business cards of the same type.
The biggest disadvantage of the American Express Platinum Card® is that it charges a high annual fee, at $895. Therefore, it's not a great option for people who use their card infrequently or are tight on money.
Some independent retailers and businesses choose to not accept Amex, as there tend to be higher merchant fees.
Cardholders of the American Express Platinum Card® or any other type of Amex members, can try using the American Express Auto Purchasing Program, which connects you to dealers who accept American Express and let you charge $2,000 or more toward a car purchase on your Amex card.
In short, 2 million Amex points are worth $44,000. However, you can honestly get some incredible value with 2 million Amex points. For example, if you are diligent about finding award availability, you can book round-trip business class tickets to Europe for around 100,000 points per person.
Enrollment is required for select benefits; terms apply. Check out a full list of Amex Business Platinum card benefits. Find out your offer and see if you are eligible for as high as 100,000 points after you spend $6,000 on eligible purchases within the first six months from account opening.
Beyond the well-known Centurion Lounges and Priority Pass Network access, American Express offers several premium travel perks:
Amex 2-in-90 rule
American Express restricts card approvals to no more than two within 90 days. This means that even if you follow the 1-in-5 rule above and get two cards more than five days apart, you still can only get those two cards within 90 days. So far, there are no exceptions to the Amex 2-in-90 rule.
Dave Portnoy, founder of Barstool Sports, has amassed a staggering 44,403,931 Amex points—equivalent to around $266,423.59 at a low redemption rate.
Amex Membership Rewards points value
American Express reward points are worth anywhere from 0.6 cents to 2 cents* each, depending on how you redeem them. Tip Using points to shop or for a statement credit is usually the least cost-effective way to redeem your Membership Rewards points.
Upgraded Points values Membership Rewards points at 2.2 cents apiece. Therefore, 300,000 points are worth around $6,600 for travel, and I easily maximized their value by booking business-class flights to Rome plus a handful of domestic flights.
The Amex Gold offers some of the highest returns on grocery and dining purchases while the Amex Platinum unlocks premium perks like airport lounge access and numerous travel and shopping statement credits.