American Express Platinum – How to apply

By Raquel Oliveira • 04/08/2025

This credit card is perfect for those who want many benefits and enjoy all related advantages.

The American Express Platinum Credit Card is crafted for high-income individuals who travel often and seek premium rewards, exclusive perks, and luxury experiences through a financial tool tailored to their lifestyle.

Focused on delivering elite benefits, the card offers Membership Rewards, exceptional travel privileges, and a comprehensive range of services that enhance convenience, comfort, and enjoyment for frequent travelers — whether for business or leisure.

With access to world-class services, global airport lounges, and premium travel insurance, it stands out as an ideal choice for those who prioritize security, flexibility, and high-end customer service in their financial activities.

In this article, we’ll walk you through how the card works, highlight its key advantages, discuss possible drawbacks and fees, and outline the application process — helping you decide if it aligns with your financial goals.

How does the American Express Platinum work?

The American Express Platinum Card works like a charge card, which means it doesn’t have a set credit limit. Instead, your spending ability is based on your spending patterns, payment history, and credit profile. 

However, one key difference from a typical credit card is that you need to pay the full balance each month. American Express also offers flexibility with options like “Pay Over Time,” where you can carry a balance on eligible purchases, but this comes with interest charges.

Cardholders can use the American Express app or website to keep track of their purchases, view statements, and redeem rewards points. 

The card also offers additional perks that can enhance the travel experience, such as lounge access and travel credits.

Main Benefits of the American Express Platinum Credit Card

• Premium Travel Rewards: Earn unlimited Membership Rewards points that never expire, redeemable for flights, hotels, and exclusive experiences.
• Luxury Airport Lounge Access: Gain entry to Centurion Lounges, Priority Pass, and other premium lounges worldwide, enhancing travel comfort.
• Comprehensive Travel Insurance: Enjoy global coverage for medical emergencies, trip cancellations, delays, and rental car damage protection for added security.
• Elite Customer Services: Access 24/7 concierge support for travel bookings, restaurant reservations, and VIP event experiences with premium customer care.

Cons for the American Express Platinum

Despite all its perks, the American Express Platinum Card does have some downsides. The most significant drawback is the annual fee of $695, which is high compared to other cards. For some, this fee might not be worth it unless they’re able to take full advantage of the benefits.

Additionally, the card’s rewards structure is geared mainly towards travelers, so it may not be the best option for those who don’t travel often. If you don’t spend much on flights, hotels, or dining, you may not see as much value from the rewards points.

Another downside is that the card requires excellent credit for approval. If you have a lower credit score, you might not be eligible. Plus, while the card offers flexible payment options like “Pay Over Time,” carrying a balance on your card means paying interest.

Lastly, some of the benefits, such as travel credits or dining perks, require you to make purchases with specific providers or enroll in certain programs, which may limit flexibility.

APR and Fees

The American Express Platinum Card comes with a variable APR between 20.24% and 28.24% for balances carried on the “Pay Over Time” option. However, since the card is a charge card, most users will pay off their balance each month, avoiding any interest charges.

The card’s annual fee is $695, which covers all the premium benefits. While this fee might seem high, it’s important to note that it’s offset by the travel credits, lounge access, and other perks if you use them regularly.

Other fees include a late payment fee, which can be up to $40, and a cash advance fee of 5% of the amount or at least $10. There are no foreign transaction fees, which makes it a good option for international travel.

How to Apply for the American Express Platinum

Applying for the American Express Platinum Card is simple. You can start by visiting the American Express website and reading through the card details. Once you’ve decided, click on the “Apply Now” button.

To apply, you’ll need to provide basic personal information such as your name, address, Social Security number, and annual income. American Express will then review your credit profile to determine your eligibility. While the card is designed for those with good to excellent credit, they usually provide a decision quickly, often within minutes.

If approved, you’ll receive the card in the mail within a few business days. Once it arrives, you’ll need to activate it online or via the mobile app before you can start using it.

Who Should Apply for the American Express Platinum Credit Card?

The American Express Platinum Credit Card is best suited for frequent travelers, business professionals, and high-income individuals who seek luxury rewards, travel perks, and top-tier customer service.

It is ideal for those who frequently fly internationally, as the card provides access to airport lounges, airline credits, and premium travel insurance for enhanced travel convenience.

Additionally, it benefits users who enjoy VIP services and exclusive experiences, including luxury hotel stays, priority event access, and fine dining reservations through concierge support.

However, individuals who prefer cashback or want a lower annual fee may find better value in alternative cards, as this one focuses on points and travel-related perks.

Final Considerations

The American Express Platinum Credit Card is a high-end financial product offering exceptional travel rewards, luxury experiences, and premium services for those who prioritize elite benefits.

Despite its high annual fee and limited acceptance in some locations, the value it provides in travel perks, concierge services, and airport lounge access can easily outweigh the cost for frequent users.

Before applying, analyze your financial profile and spending habits to ensure the card’s rewards align with your lifestyle. Used strategically, this card can be a powerful tool for maximizing travel benefits and premium experiences.