SwitchWizeSmart financial decisions
Platinum Card
American ExpressCredit Card

Platinum Card

Best for luxury travel perks

$2Kbonus$695/yrannual fee1.0x points per $1; value varies by redemption
Sign-up bonus
$2K
See issuer terms
Annual fee
$695
Offset by $2K bonus
Purchase APR
See terms
Variable — see issuer terms
How you earn
Other purchases
1.0x points

Points and miles redemption value varies. Bonus categories shown; caps may apply. Verify earning rates and options with the issuer before applying.

SwitchWize take

Best for frequent travelers who can use airport lounge access, hotel perks, and premium statement credits. It is less about everyday rewards and more about travel lifestyle benefits.

Pros & cons
What we like
  • ✓Extensive global lounge access including Centurion Lounges
  • ✓Premium travel credits across airlines, hotels, and lifestyle
  • ✓Hotel elite-style benefits with Fine Hotels + Resorts
  • ✓Strong Amex purchase and return protections
Worth noting
  • ✗Very high annual fee
  • ✗Credits are fragmented and require active tracking
  • ✗Weak everyday earning rate outside airfare and hotels
Perks & credits
$2,084 face value·$1,624 effective
$200 hotel credit
Fine Hotels + Resorts or The Hotel Collection via Amex Travel; 2-night min for Hotel Collection.
moderate
$200
$150 eff.
$200 airline fee credit
Incidental fees on one selected airline; enrollment required.
moderate
$200
$150 eff.
$240 digital entertainment credit
$20/month at eligible streaming providers; enrollment required.
moderate
$240
$180 eff.
$155 Walmart+ credit
Monthly credits covering Walmart+ membership fee; enrollment required.
easy
$155
$300 Equinox credit
Eligible Equinox memberships or Equinox+ app; enrollment required.
hard
$300
$150 eff.
$189 CLEAR Plus credit
Annual CLEAR Plus membership statement credit.
easy
$189
$100 Saks Fifth Avenue credit
$50 semi-annually; enrollment required.
moderate
$100
$75 eff.
$200 Uber Cash
$15/month plus $20 bonus in December via Uber app.
easy
$200
Global Lounge Collection access
Centurion Lounges, Priority Pass Select, Delta Sky Club when eligible.
moderate
$500
$375 eff.

Effective value discounts hard-to-use credits (easy 100% · moderate 75% · hard 50%)

Key terms
Updated Jun 21, 2026
Purchase APR0.00%–0.00% variable
Annual fee$695

Always verify current terms at the issuer before applying. See full offer details →

Compare alternatives
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Platinum Card
American Express

Platinum Card

$2K
sign-up bonus
$695
annual fee
$1,205
est. first-year value
-$395
ongoing value / yr

Based on $2,500/mo spend

Apply now

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SwitchWize may earn a referral fee when you click through to a partner. Content is for informational purposes only and does not constitute financial advice. Verify current rates, fees, and eligibility directly with the card issuer before applying.

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