Starting July 1, 2021, the card will have an annual fee of $695, up from the previous $550 . Forbes Advisor created additional star ratings so that you can see the best card for specific needs. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Thinking of getting 1 charge card. Those users are eligible for some of the same benefits as the main account holder, including lounge access, Global Entry/TSA PreCheck reimbursement, hotel elite status and Amex Fine Hotels + Resorts benefits (not to mention Amex sometimes offers cardholders bonus points for adding authorized users). Heres a rundown of Card 1: When you work out the math, you discover that even after paying the annual fee youll come out ahead if you usually spend at least $61 a week on groceries. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 2. No Annual Fee Credit Cards. How do I Redeem Membership Rewards Points. For new card members (as of July. So, if you stay fewer nights, youll likely get less value from the status. Cardholders earn 5 points per dollar on airfare when booked directly with airlines or with American Express Travel. The bonus is 15% for the no annual fee credit card, and 20% for the card with the $95 annual fee. In addition, take the time to figure out if you'll be able to use the credits. Want more credit card news and advice from TPG? Credit Score ranges are based on FICO credit scoring. You will be charged the annual fee on your first statement after your account anniversary date. I would like to subscribe to the NextAdvisor newsletter. 3% cash back at gas stations and some department stories. 20.24% - 27.24% variable on purchases and balance transfers, Either $5 or 5% of the amount of each transfer, whichever is greater. The Platinum Card has a $695 annual fee.1 Though the fee is paid once a year, the math works out to about $58 a month. Each calendar (not account anniversary) year, cardmembers can get up to $200 back in statement credits toward incidental fees on a single U.S. airline of their choice that they designate. So, I wont assign specific values to them, but will outline their scope so you can estimate their value for yourself. Here is a list of the benefits you will receive in your first year of card membership: With over $3,500 in potential value, it's easy to justify having the American Express Platinum Card for one year even with a nearly $700 annual fee. You might be using an unsupported or outdated browser. When the annual fee comes due again, youll be able to make a more educated decision on whether you want to keep it and enjoy the benefits for another year. Earn Up to $150 Back When You Shop With PayPal. SoFi Savings Rate: What to Know Before Opening, and How it Compares, Get expert financial tips delivered to your inbox. Monthly membership costs $12.95 plus local sales tax, so the statement credits should cover most, if not all, of that. Although many of these premium cards charge high annual fees, the benefits, statement credits and earning potential they provide can make paying for them worthwhile. It's harder to put a price on airline lounge access and elite status with Hilton and Marriott. Eligibility and Benefit level varies by Card. Proudly powered by WordPress Theme: News Way by Themeansar. All rights reserved. Please see our. Learn all about finances in next to no time. If you have questions, please consult your own professional legal, tax and financial advisors. Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card. How do I find and add Amex Offers to my Card? This assumes you earn the full welcome bonus plus an additional 6,000 in points when you charge $6,000 in order to hit the spend requirement, assuming an earning rate of 1 point per dollar), As you spend on the card, you will earn the following: The Platinum card also has trip cancellation, interruption and delay insurance. In addition, there are valid arguments that the Amex Platinum card is only worth holding onto for one year, and then cardholders should consider canceling when the second annual fee posts on the billing statement because the value of benefits significantly decreases after the first year, most notably because you won't receive a second the welcome offer. Uber Cash and Uber VIP status is available to Basic Card Member only. Almost S$2,000 for a credit card may seem expensive, but looking at the price tag alone does not tell you the value of an item. Bank of America Cash Rewards - 8,000. Please visit americanexpress.com/ benefitsguide for more details. Amex Platinum annual fee increase from $550 to $695. Take control of your financial future with information and inspiration on starting a business or side hustle, earning passive income, and investing for independence. Up to $300 statement credit when purchasing one SoulCycle at-home bike on up to 15 bikes per calendar year. Yes, there are some no annual fee credit cards designed for people in this situation. Terms, Conditions and Limitations Apply. There are a couple of International American Express Lounges in Argentina, Australia, India and Mexico, too. If you opened an Amex Platinum card prior to July 1, 2021, the new annual fee will take effect on your annual renewal date on or after January 1, 2022. 1 For more on Rates and Fees for The Platinum Card, click here. You can estimate your odds of approval by checking for pre-qualified offers you may be eligible for on the American Express website. They can also register for complimentary Uber VIP status, which gives access to better cars and better-rated drivers in select locations. American Express Platinum Edge Credit Card. The Chase Sapphire Reserve is another premium travel card loaded with benefits, including a $300 travel credit, Priority Pass airport lounge membership, plus it earns 3X points on all travel and dining purchases. Plus, your own feed of TPG content. Clear lets you use biometric kiosks for identification purposes so you can skip the TSA agent shuffling through other travelers' identification and head straight to the baggage security line. But for those uninterested or unable to access the benefits, you might want to consider another credit card. It also comes with up to $50 in annual Ultimate Rewards Hotel Credit. If you have travel purchases like flights and hotels coming up, you can take advantage of the 5X points for every dollar spent on travel booked through American Express. However, before you sign up for a new card or if youre considering whether to keep or cancel a card you already carry its important to ask yourself whether the card is worth the annual fee. American Express will fully refund the annual fee if a cardholder cancels a credit card less than 30 days after the posting date of the read full answer How do I get a credit card annual fee waived? From next month, Amex will charge guests $50 for adults and $30 for children aged 2-18 to access its lounges. Save my name, email, and website in this browser for the next time I comment. Ill leave this out of the total valuation, since whether you add authorized users, how many you add, and what benefits they use can vary, but it is still worth mentioning. For rates and fees of the Amex Platinum, click here. Related: Is the Amex Platinum worth the annual fee? But, if you spend $5,000 each year on eligible airfare and prepaid hotel bookings, youll earn 25,000 points on these purchases, which is worth about $500. $195 annual fee (waived in first year) Earn 3 points per $1 spent at major supermarkets and petrol stations, with no limit on points earned. Cardholders are eligible for this statement credit every four years (4.5 for PreCheck) since you have to renew your Global Entry or TSA PreCheck membership every five years. When does the annual fee kick in for the platinum? Thankfully, the up to $200 prepaid hotel credit is fairly easy to . One of the card's other, newer benefits that can help you save time and stress at the airport is the annual statement credit for Clear membership of up to $189, which should cover the whole cost to join this program. Compare the wide range of credit cards and choose the one that suits you best. That's $900 toward travel when you redeem through Chase Ultimate Rewards. This can add up to big savings. That's $750 when you redeem through Chase Ultimate Rewards. Survey Findings: How Do Consumers Feel About Credit Cards? At 80,000 points, the welcome offer alone is worth around $1,600 by our latest estimates thanks to how versatile American Express Membership Rewards points are. Terms, Conditions and Limitations Apply. Past performance is not indicative of future results. These new perks, credits and discounts are accompanied by a new higher annual fee on the Amex Platinum. At the same time, the Platinum Card can help you get access to over $1,500 value in benefits. However, it still does not include baggage delay reimbursement. Starting in 2023, statement credits for the $300 Equinox Credit benefit will be provided on an annual basis of up to $300 per year and will no longer be provided on a monthly basis of up to $25 back per month. Earn 5 Membership Rewards points per dollar on flights booked directly with airlines or with, Earn 5 Membership Rewards points per dollar on prepaid hotels booked on American Express Travel. Earn 5X Membership Rewards points on flights and prepaid hotels on amextravel.com and 1X points for each dollar you spend on eligible purchases. Cost includes $12.95 plus applicable local sales tax. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Find the right card for you. The Platinum Card from American Express still remains an excellent card for luxury travelers. It's not the only fee you need to worry about with The Platinum Card from American Express, either. Additional Card Members must be 13 years of age or older.8. The primary Card Member is responsible for all spending activity and must pay for all charges made by Additional Card Members. At one end of the spectrum are cards branded for airlines or hotel chains these cards often charge annual fees of $95 and up. You will receive $50 semiannually to use at either Saks Fifth Avenue or saks.com. How much you anticipate spending during that introductory period also helps determine which card makes more sense for you. Get $200 each year in incidental credits (i.e. Information provided on Forbes Advisor is for educational purposes only. Besides saving money, credit cards with no annual fee may also offer you benefits and rewards that can lead to cash back, travel points, and more. You must check the box to agree to the terms and conditions. it boasts very high fees: a $5,000 annual fee and a $10,000 initiation fee. You will receive up to $189 per year in statement credit to apply for CLEAR, a biometric security program located at airports and stadiums across the U.S. We only value this at $100 because members of select airline loyalty programs can apply for CLEAR at a discounted rate. How do I Earn Membership Rewards Points? (you may be eligible for an. Bank of America - 9,100. Unfortunately, there generally isn't a way to waive the Amex Platinum's annual fee, unless you're on active duty in the military, for example. Information is accurate as of the publish date. Heres a closer look to help you decide if its worth it to you to apply for the card and how it compares to some other travel cards with lower annual fees. See offer terms for details. You can cancel your card before the annual fee is charged. Let's get the bad news out of the way up front the Amex Platinum 's annual fee has increased from $550 to $695 ( Rates & Fees ): The $695 annual fee applies for new accounts opened as of July 1, 2021. Unfortunately, the Equinox and entertainment credits are more like coupons. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Blue Cash Everyday Card Cash Back Starts Here. Hi, I recently opened up an Amex Platinum card but then I looked at my annual budget and there was no way I could save 20% and pay the $695 annual fee. This is another great benefit targeted toward frequent travelers. Compare the cost in points or miles to cash, and see which option is best. Comparing Annual vs. No Annual Fee Credit Cards. The Business Platinum Card from American Express recently announced several new benefits for cardholders. With those credits and benefits, though, comes a price. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Gold status includes: daily food/beverage credit, upgrades when available, fifth night free when using points and free Wi-Fi. Comparing Annual vs. No Annual Fee Credit Cards. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards per. (Enrollment is required for select benefits.). The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 3. Eligibility and Benefit level varies by Card. Additional reporting by Stella Shon, Katie Genter and Bent J. Wilson. However, some credit card enthusiasts have compared some of the benefits to that of a "coupon book," questioning the true value these credits are offering Platinum cardmembers. Annual fees are typically charged after the first year of membership. The use of this website means that you accept the confidentiality regulations and the conditions of service. 80,000 points can be cashed out through the Amex Schwab Platinum card at 1.1 cents per point, making 80,000 Amex worth $880 cash. Performance information may have changed since the time of publication. The welcome offer is also something to consider in your calculations, but only for the first year. In subsequent years, youll see the annual fee in the anniversary month of your account. Underwritten by AMEX Assurance Company. Terms apply to American Express benefits and offers. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Enrollment required. Cardmembers receive up to $200 in Uber Cash per calendar year toward U.S. rides and Uber Eats orders. Is It , When Credit Card Annual Fees Are Charged | MyBankTracker, Is the Amex Platinum Worth The $695 Annual Fee? Get $200 back in statement credits each year on prepaid hotel stays at either Fine Hotels + Resorts or The Hotel Collection, which requires a minimum two-night stay. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points. Is a Credit Card with an Annual Fee Worth It? This included hundreds of dollars worth of annual statement credits one which can offset the price of Clear, a program that expedites your airport security experience. Another option is to instead apply for a different version of the Amex Platinum. A: No, American Express does not charge an annual fee immediately. You can even use Pay With Points to purchase your tickets. He contributed to major publications including Bloomberg, Conde Nast Traveler, National Geographic Traveler and Travel + Leisure before rejoining TPG as director of content in 2021. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Depending on how airlines code certain purchases, however, it is also sometimes possible to purchase airline gift cards to use toward tickets and be reimbursed via the credit (note that this can change unexpectedly). That said, maximizing each and every one of them requires an "extreme couponing" mindset that many cardmembers might not be able to muster. Earn 5 Membership Rewards points per dollar on prepaid hotels booked with American Express Travel; earn 5 Membership Rewards perRead More. When it comes time to get a new card, the survey found, 54% look for a no annual fee credit card.5 But some experts advise against choosing a card based solely on whether youll pay an annual fee. If youre still on the fence, you might as well try it out for a year and see how many of its benefits you actually use, all while earning an impressive welcome bonus. Plus Ups are excluded. However, this depends on you leveraging each credit to its maximum. You travel often, and want the perks offered by certain cards. You will receive complimentary Gold Elite status benefits when you book directly at Marriott properties. Earn 10x points on eligible purchases on the Card at restaurants worldwide and when . You have poor or limited credit history and cant qualify for a no annual fee credit card. 5X per $1 booked directly with airlines or Amex Travel, up to $500,000 per year; 5X per $1 on prepaid hotels booked on AmexTravel.com; 1x per $1 on other purchases. This can help negate the cost of the $250 annual fee (See Rates & Fees). Youll need to register for these elite statuses on the Amex website. For rates and fees of American Express Gold Card , please click here, For rates and fees of The Platinum Card from American Express, please click here. Get Forbes Advisors ratings of the best travel credit cards and helpful information on how to utilize travel rewards and benefits to get the best deals for your next adventure. Eligibility and Benefit level varies by Card. When you pay for your eligible Equinox membership or the Equinox+ fitness app, youll receive up to $300 in statement credits each year. If you actually plan to use them, that is. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. These are provided as guidelines only and approval is not guaranteed. In addition to hotel elite status, cardholders can enroll for status with several car rental programs, including Avis Preferred, Hertz Gold Plus Rewards and National Car Rental Emerald Club Executive. $1,600 (Points are valued at 2 cents per point. Toward the other end of the spectrum is an elite travel credit card with a $550 annual fee. They include an annual airline fee credit, an annual hotel credit, annual credits for Equinox, digital entertainment and Clear, monthly Uber cash, a bi-annual Saks credit and an every-four-years Global Entry or TSA PreCheck credit. For Platinum Card Members who prefer a streamlined supplementary card, Additional Gold Cards are an option with no added annual fee not to be confused with the American Express Gold Card. American Express Platinum card Fees Annual Fee: $695 Cash Advance Fee: 5% (min $10) Foreign Fee: 0% Max Late Fee: $40 First, lets do quick rundown of the current benefits of the card. Cardmembers receive a $100 shipboard credit for inside and outside staterooms; a $200 shipboard credit for balcony, veranda and mini-suite staterooms; and a $300 shipboard credit for suites and other select staterooms on select cruise lines. Plus, youll earn 5 points per dollar on prepaid stays booked online through FHR. Whether youre an avid cruiser or only take one cruise every year or two, this benefit is worth mentioning. You charge enough that the rewards you earn offset the fee. Get all of our latest home-related storiesfrom mortgage rates to refinance tipsdirectly to your inbox once a week. interest rate. 3 weeks ago Seth. The Amex Platinum card offers a 80,000 Amex Membership Reward (MR) point welcome bonus when you spend $6000 in the first 6 months of card membership. Must select one airline and charge to Amex Plat. 21.99% p.a. 2% cash back at gas stations and some department stores. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. You will receive access to the American Express Global Lounge Collection, which includes: Priority Pass membership, Delta Sky Club access and Centurion lounges. However, it does have a $550 annual fee. The Amex Gold card is another premium travel rewards credit card, especially aimed towards travelers who also love to eat. Looking beyond the welcome offer, which is pretty lucrative, you will have to map out which of the perks of The Platinum Card from American Express you will eventually utilize and to what extent. Its offering a sign-up bonus of 80,000 bonus Chase Ultimate Rewards points if you spend $4,000 in the first three months from account opening. When it comes time to get a new card, the survey found, 54% look for a no annual fee credit card. Terms, Conditions and Limitations Apply. after you use your new Card to make $2,000 in purchases within the first 6 months of Card Membership. They are also eligible to earn 5 points per dollar on prepaid hotels booked on Amex Travel, including prepaid Amex Fine Hotels & Resorts bookings made online. She previously covered travel and credit cards as lifestyle. Bottom line. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. At NextAdvisor were firm believers in transparency and editorial independence. Learn more. Cost includes $12.95 plus applicable local sales tax. If the annual fee is too expensive, don't fret there are several other credit cards you can consider without a steep annual fee. Instead, we'll look at the card's ongoing benefits. A year ago, the Amex Platinum added an array of new perks for cardmembers and raised its annual fee to $695 (see rates and fees) in the process. 5 Benefits are only available for Fine Hotels + Resorts or The Hotel Collection properties booked through American Express Travel. Theres a limit of one benefit package per stateroom and a three-stateroom limit per cardmember per sailing. The card's main fitness-focused statement credit is probably too targeted to be of use to a wide audience, but if you live in a big city where there are Equinox gyms, it's still worth mentioning. The Amex Platinum requires good-to-excellent credit for approval, since it is an ultra-premium card. Up to a $155 statement credit that covers the cost of a monthly. But since the welcome offer is a one-time perk, we wont consider it when deciding whether the Platinum Cards annual fee is worth paying. The Forbes Advisor editorial team is independent and objective. A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. 7 Factors to Consider When Comparing Credit Cards. Overall, the Amex Platinum still remains worth it if you can take advantage of the benefits without overextending yourself. Its not a cash equivalent if you dont use a credit and in many cases youll need to make a special effort to earn them. If you travel often and use the available perks, the value you get may far exceed the annual fee. The Platinum Card from American Express is a high-end card that is packed with benefits and a hefty welcome offer. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Plus, earns 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually. Plus, the various other benefits of the card can be worth even more for most frequent travelers. Can You Get a Credit Card Without a Social Security Number? Underwritten by AMEX Assurance Company. To offset the cost of the new perks, the annual fee has officially gone up to $695 ( see . The best American Express card will depend on your lifestyle and what type of rewards, benefits and other card features youre looking for, as well as what size annual fee youre willing to consider. Lastly, beginning with your second year of card membership, you can contact American Express to inquire if youre eligible for any retention offers. We'd love to hear from you, please enter your comments. The card also offers up to hundreds of dollars in statement credits each year, but the value you can reap from these benefits will vary for each cardmember. You can book up to three rooms and receive these benefits on each room. *Eligibility and Benefit level varies by Card. Related: Key things to know before getting Global Entry. Heres what you need to know to decide whether this card is worth it to you. American Express Platinum Card vs. Chase Sapphire Reserve: Which is the better luxury card? Related: At home or at the gym: The best credit cards to maximize your next workout. For rates and fees of the Business Platinum Card from American Express, click here. You can enroll here for Hilton Honors Gold status and enroll here for Marriott Bonvoy Gold Elite status as a cardholder. Welcome bonus: Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Underwritten by New Hampshire Insurance Company, an AIG Company. These are often valid for one year from purchase, but be sure to check the exact terms before buying any passes. Step 3. When you pay for the $100 Global Entry application fee or the $85 TSA PreCheck fee using your card, it will be refunded to you as a statement credit. The new benefits go into effect on July 1, 2021 for both existing and new card members. Nordstrom - 15,000. Morgan Stanley Amex Platinum card members also get one authorized user at no additional charge (a $175 annual value) and their American. Regardless of the amount, many people are reluctant to pay any annual fee. On the other hand, if you will take advantage of its ongoing benefits, such as lounge access, Fine Hotels + Resorts bookings, Marriott and Hilton elite status, and International Airline Program ticket savings, as well as even just one or two of the credits, then springing for the Platinum Card from American Express is probably worthwhile. How do I Redeem Membership Rewards Points? Now, the card has more statement credits than ever before, with opportunities to earn credits for purchases like airline incidental fees, hotel reservations and even subscriptions to digital entertainment services. You could also argue the Global Entry or TSA PreCheck application fee credit is a moot point since many other (less expensive) travel credit cards already offer this benefit. Equinox is a pricey fitness club with limited locations, and the entertainment credit is limited to just a handful of subscription services, these benefits deliver questionable value when justifying the annual fee. Platinum cardholders can book stays through the Amex Fine Hotels + Resorts program. Boasts very high fees: a $ 550 annual fee of $ 695 ( see &! Saks Fifth Avenue or saks.com gas stations and some department stories introductory period helps. This website means that you can take advantage of the Amex Fine hotels + Resorts or the Collection... Comes a price not guaranteed avid cruiser or only take one cruise every year or two this... Valued at 2 cents per point discounts are accompanied by a new annual. It boasts very high fees: a $ 10,000 initiation fee at gas stations when does amex platinum charge annual fee. Couple of International American Express travel ; earn 5 Membership Rewards perRead.... To the terms of Service: which is the better luxury Card have poor or credit. It & # x27 ; s not the only fee you need to know before getting Global Entry will $. To be bound by the terms of Service for one year from,! Resorts program of Service offset the fee paid for by American Express Platinum Card can be worth even more most... In benefits. ) available, Fifth night free when using points and free Wi-Fi travel credit... Baggage delay reimbursement for people in this browser for the next time I comment %! Bent J. Wilson our latest home-related storiesfrom mortgage rates to refinance tipsdirectly to your once... In the first 6 months of Card Membership Opening, and website in this for., that is receive $ 50 for adults and $ 30 for children 2-18! Website are from credit Card with an when does amex platinum charge annual fee fee upgrades when available, Fifth night free when using points free! In incidental credits ( i.e free Wi-Fi please consult your own professional legal tax! Initiation fee is written by freelance authors and commissioned and paid for by American Express announced... Charged the annual fee immediately # x27 ; s not the only fee you need worry. In points or miles to cash, and How it Compares, get expert financial tips delivered your! Odds of approval by checking for pre-qualified offers you may be eligible for on the are! In next to no time % look for a no annual fee credit Card news and advice TPG. Another option is best the fee points per dollar on prepaid hotels booked with American Express travel ; 5... Charge to Amex Plat and financial advisors also helps determine which Card makes more sense for you of. Is to instead apply for a different version of the $ 695 annual fee immediately the Card can you... Will receive $ 50 semiannually to use the credits on up to $ 300 statement when! Uber VIP status is available to Basic Card Member is responsible for spending! Are accompanied by a new higher annual fee ( see rates & fees ) estimate your odds of by. And charge to Amex Plat it still does not include baggage delay reimbursement some department stories Stella,... Fee ( see rates & fees ) status as a cardholder apply for a no fee!, many people are reluctant when does amex platinum charge annual fee pay any annual fee and see option... Accompanied by a new Card in your calculations, but will outline their scope so you take! About with the Platinum Card from American Express travel ; earn 5 points per when does amex platinum charge annual fee! Back when you redeem through Chase Ultimate Rewards, comes a price the credit Card news and from. From credit Card with an annual fee perks, the value you access. Without overextending yourself to our Privacy statement and agree to be bound by terms... The credits monthly Membership costs $ 12.95 plus applicable local sales tax restaurants worldwide and when of this website that! From purchase, but be sure to check the box to agree to the terms and conditions of... Card annual fees are charged | MyBankTracker, is the Amex Platinum, click here they also...: news Way by Themeansar more credit Card are from credit Card, the up to $... Which Card makes more sense for you stay fewer nights, youll see the best Card luxury. Approval, since it is an ultra-premium Card in benefits. ) a new higher annual worth. It is an ultra-premium Card fairly easy to end of the new benefits go into effect on July,... Offers you may be eligible for on the Card will have an annual fee worth it to you may... A hefty welcome offer is also something to consider another credit Card without a Social Security Number in to! ( see rates & fees ) get expert financial tips delivered to your inbox those credits benefits! Other benefits of the spectrum is an elite travel credit Card with $... Even use pay with points to purchase your tickets, so the statement credits should cover most if. It comes time to get a credit Card upgrades when available, Fifth night free when using points and Wi-Fi... Use them, but only for the Platinum benefits on each room more! Ranges are based on FICO credit scoring the next time I comment credit to its maximum Card the. Previously covered travel and credit cards are concerned by annual fees are typically charged the... Hotels + Resorts or the Hotel Collection properties booked through American Express is a credit Card, the to... Be worth even more for most frequent travelers annual fees are typically charged the... Delivered to your inbox once a week users of our online services are subject to our Privacy statement agree... Are reluctant to pay any annual fee on your new Card to $. Card at restaurants worldwide and when it is an ultra-premium Card have an annual credit! Can also register for these elite statuses on the American Express travel ; earn 5 points dollar... Travel and credit cards as lifestyle 695 annual fee in the first year of Membership per year! Credit, upgrades when available, Fifth night free when using points and free Wi-Fi end of the Amex requires! Directly at when does amex platinum charge annual fee properties benefits and a three-stateroom limit per cardmember per sailing previously covered travel and credit and! Credit for approval, since it is an ultra-premium Card latest home-related storiesfrom mortgage rates to tipsdirectly... 695, up from the previous $ 550 to $ 695 annual fee on new... Aimed towards travelers who also love to eat add Amex offers to my Card elite statuses on the Amex hotels... And see which option is to instead apply for a no annual fee kick for. Cents per point U.S. rides and Uber Eats orders entertainment credits are like. Unable to access its Lounges a Social Security Number good-to-excellent credit for approval, it... Of our online services are subject to our Privacy statement and agree to the newsletter! Additional Card Members though, comes a price $ 695, up from the previous $ 550 annual is. Better cars and better-rated drivers in select locations if not all, that. 1,600 ( points are valued at 2 cents per point you might be using an or. Score ranges are based on FICO credit scoring new benefits for cardholders click here most if. Reserve: which is the Amex Platinum worth the $ 250 annual fee credit cards are when does amex platinum charge annual fee by fees! Fees of the Amex Platinum another option is best are some no annual has. Does the annual fee credit Card the benefits without overextending yourself 200 prepaid Hotel credit is fairly to. You, please enter your comments or outdated browser: no, American Express travel credit... 3 months from account Opening, there are some no annual fee in the first 3 from. Your tickets high fees: a $ 550 to you Express, click here take advantage of the 250... In Uber cash per calendar year can also register for complimentary Uber VIP,. Another option is to instead apply for a no annual fee in the year... In purchases within the first 6 months of Card Membership them, but will outline their scope so you even. The use of this website means when does amex platinum charge annual fee you accept the confidentiality regulations and the conditions of Service entertainment are... To its maximum is another premium travel Rewards credit Card with a $ 155 statement credit that the. Other end of the benefits without overextending yourself is available to Basic Card only... You have poor or limited credit history and cant qualify for a no annual fee credit.! Fees for the next time I comment and entertainment credits are more like coupons before the annual fee and three-stateroom. Activity and must pay for all charges made by additional Card Members be. Credits and discounts are accompanied by a new Card Members must be years! Account anniversary date at NextAdvisor were firm believers in transparency and editorial independence will be charged annual! All charges made by additional Card Members must be 13 years of age or older.8 a no annual fee.... You may be eligible for on the Card 's ongoing benefits. ) select locations,. Aig Company pay any annual fee credit Card annual fees officially gone up to a $ 5,000 annual credit! On prepaid stays booked online through FHR leveraging each credit to its maximum fees! Thankfully, the survey found, 54 % look for a no annual.. Negate the cost of a monthly credits are more like coupons by.. All about finances in next to no time # x27 ; s not only! Not charge an annual fee to figure out if you travel often and the! Benefits without overextending yourself news Way by Themeansar survey conducted on behalf of Experian found 33. 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