The American Express® Platinum Card is a super-premium ‘charge’ card that comes with fantastic perks in areas like travel, lounges, rewards, and dining. It also offers exclusive ‘Platinum Experiences’. The card comes with an annual fee of Rs. 60,000. Keep reading to learn more about its benefits.
Key Highlights of American Express® Platinum Card |
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| Best Suited For | Travel and Shopping |
| Annual Fee | Rs. 60,000 plus applicable taxes |
| Minimum Income Requirement |
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| Welcome Benefit | Stay vouchers worth Rs. 45,000 from Taj, SeleQtions and Vivanta Hotels |
| Best Feature | Extraordinary travel benefits; Access to multiple lounge access programs |
*Terms and conditions apply.
| Table of Contents | ||
|---|---|---|
| Features and Benefits | ||
| Fees and Charges | ||
| Eligibility and Documentation | ||
| Should You Get this card? | ||
| Similar Credit Cards | ||
| How to Apply? | ||
| FAQs | ||
Travel Benefits:With this credit card, users can enjoy various travel benefits, such as:
Hotel Benefits: Get free benefits worth Rs. 37,000 at top hotels and resorts globally, including places like Four Seasons Hotels and Resorts, Mandarin Oriental, The Ritz-Carlton, and others. Enjoy special privileges like:
Also read: Best Travel Credit Cards in India
Also, get 25% off at Taj, SeleQtions and Vivanta Hotels
Membership to Hotel Loyalty Programs: With the American Express® Platinum Card, you can access high-tier hotel loyalty programs without having the typical requirements. The included hotel loyalty programs are:
Lounge Access: Get access to over 1,200 airport lounges worldwide through the American Express Global Lounge Collection, which includes:
Also read: Best Credit Cards Airport Lounge Access
Rewards Program
When you shop with the American Express® Platinum Card, you earn rewards as follows:
Also read: Best Rewards Credit Cards in India
Platinum Experiences
American Express® Platinum Cardholders can also enjoy a variety of Platinum Experiences, which include:
Here are some important fees applicable with the American Express® Platinum Card:
| Fee/Charge | Amount/Rate | |
|---|---|---|
| Annual Fee | Rs. 60,000 plus applicable taxes | |
| Add-on Card Fee | Rs. 10,000 plus applicable taxes | |
| Cash Advance Fee | 3.5% of the cash advance amount (min. Rs. 350) | |
To be eligible for the American Express® Platinum Card, applicants must be residents of India with a good credit history and no defaults. Additionally, they need to meet the following eligibility criteria:
| Criteria | Details |
|---|---|
| Minimum Age | 18 years |
| Occupation | Salaried or Self-employed |
| Serviceable Cities | Click here to check the list of serviceable cities |
| Minimum Income |
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| Other | Must have a savings or current account in an Indian or Multinational bank |
The American Express® Platinum Card is a super-platinum card that comes with a high annual fee. However, the card offers fantastic benefits, especially for travelers. This card is ideal for those who enjoy first-class travel and luxury accommodations hence making it a great option for those who frequently tour. If you often stay in 5-star hotels and resorts, this card can help you save a lot of money. Additionally, it's a great choice for big spenders, as the rewards rate is higher compared to other super-premium cards.
This card is a charge card, meaning you can't carry a balance to the next billing cycle. You will have to pay off the entire balance as and when due.
Here are some of the Best credit cards that provide benefits similar to the American Express® Platinum Credit Card:
| Credit Card | Annual Fee | Key Feature |
|---|---|---|
| SBI Aurum Credit Card | Rs. 10,000 |
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| Axis Reserve Credit Card | Rs. 50,000 |
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| ICICI Emeralde Credit Card | Rs. 12,000 |
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| HDFC Infinia Credit Card | Rs. 12,500 |
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| HDFC Diners Club Black Credit Card | Rs. 10,000 |
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You have the option to compare and apply for American Credit Cards conveniently online through MybankingTips. Here are the steps to do so:
No. This credit card has a foreign exchange mark-up fee of 3.5%, which is the standard charge for transactions in other currencies. Unlike many other high-end credit cards that either have a low or no foreign exchange mark-up fee, this could be a drawback of the American Express® Platinum Card.
Yes, you can take out cash using this card, but there's a limit. Inside India, it's up to Rs. 25,000 every 14 days, and if you're abroad, it's USD 750 every 14 days. However, keep in mind there's a cash advance fee of 3.5% of the withdrawn amount, with a minimum charge of Rs. 250.
Because the American Express® Platinum Card is a charge card, you can't carry an overdue balance to the next billing cycle by paying finance charges. This means there are no finance charges on this card. If you don't make a payment on time, a delinquency fee of 5% on the unpaid balance (minimum Rs. 300) will be charged until the full payment is received.
A charge card lets you buy things, but unlike credit cards, you can't carry the balance over to the next month by just paying the minimum amount. You have to pay the whole bill each month. Also, charge cards don't have a fixed spending limit – your purchases get approved based on various factors.
You can spend the points you earn with the American Express® Platinum Card on their website. You can use these points to get things from their catalog, like items or vouchers, or turn them into air miles or hotel points. Just know that the rules might be a bit different depending on which card you have.
Please click the links below to find details and instructions related to American Express® Credit Cards that can help you in easily managing your card:
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