Amex · courtesyThe Platinum Card from American Express
$895/ year
Up to $2,874/yr in credits & perksAmerican ExpressMembership Rewards valued at 1¢/ptRecent changes: Current annual fee: $895 for a Basic Card. Previous: $695. First-year waived: False. New vs existing: Same $895 annual fee applies to both new applicants and existing cardmembers. New applicants pay full $895 immediately at account opening; existing cardholders' fee was adjusted to $895 at their next renewal date on or after Jan 2, 2026.. · American Express raised the U.S. Consumer Platinum Card annual fee from $695 to $895, a $200 (29%) increase. New applicants pay the higher fee immediately effective Sept 18, 2025; existing cardholders' annual fee was adjusted at their next renewal date on or after Jan 2, 2026. The Business Platinum annual fee also moved to $895, effective Dec 2, 2025 for existing Business cardholders.
Benefits, itemized
20 tracked · published maximums — realized value depends on enrollment and timing.$300 Digital Entertainment Credit
CreditUp to $300 per calendar year ($25 per month)
Terms & eligibility
Participating partners only; enrollment required via Amex account
Government source · Aug 24, 2026Up to
$300
per month
$200 Uber Cash + $120 Uber One Credit
Credit$200 in Uber Cash annually ($15/month + $20 bonus in December) + up to $120 in Uber One membership credits
Terms & eligibility
Must add Platinum Card to Uber account and select an Amex Card for the transaction; U.S. only; Uber One requires auto-renewing membership purchase
Government source · Aug 24, 2026Up to
$200
per month
$200 Airline Fee Credit
CreditUp to $200 per calendar year
Terms & eligibility
One qualifying airline selected by cardmember; only incidental fees (not tickets) qualify
Government source · Aug 24, 2026Up to
$200
per year
$600 Hotel Credit (Fine Hotels + Resorts / The Hotel Collection)
CreditUp to $300 back semi-annually on prepaid Fine Hotels + Resorts or The Hotel Collection bookings through American Express Travel (total $600 annually)
Terms & eligibility
Must book through American Express Travel with Platinum Card; FHR or Hotel Collection properties only; Hotel Collection requires 2-night minimum stay
Government source · Aug 24, 2026Up to
$600
per half-year
$400 Resy Credit
CreditUp to $100 per quarter ($400 annually)
Terms & eligibility
Must use Platinum Card to pay for eligible Resy purchases; U.S. participating Resy restaurants; enrollment required
Government source · Aug 24, 2026Up to
$400
per quarter
$219 CLEAR+ Credit
CreditUp to $219 in statement credits per calendar year
Terms & eligibility
Must sign up and pay for CLEAR+ Membership (with auto-renewal) with Platinum Card
Government source · Aug 24, 2026Up to
$219
per year
$200 Oura Ring Credit
CreditUp to $200 per calendar year
Terms & eligibility
Must purchase Oura Ring at ouraring.com with Platinum Card; enrollment required
Government source · Aug 24, 2026Up to
$200
per year
$300 Equinox Credit
CreditUp to $300 per calendar year
Terms & eligibility
Must pay for Equinox club membership or Equinox+ digital subscription (with auto-renewal) with Platinum Card; enrollment required
Government source · Aug 24, 2026Up to
$300
per year
$300 lululemon Credit
CreditUp to $75 per quarter ($300 annually)
Terms & eligibility
U.S. lululemon retail stores (excluding outlets) and lululemon.com only; enrollment required
Government source · Aug 24, 2026Up to
$300
per quarter
$155 Walmart+ Monthly Membership Credit
CreditUp to $12.95 per month (plus applicable taxes) on one Walmart+ monthly membership (~$155 annually)
Terms & eligibility
Monthly Walmart+ membership only; Plus ups not eligible; auto-renewal required
Government source · Aug 24, 2026Up to
$155
per month
5x Membership Rewards Points on Flights
Earning5x points on flights booked directly with airlines or through American Express Travel, on up to $500,000 on these purchases per calendar year
Terms & eligibility
Up to $500,000 on flight purchases per calendar year; must be booked directly with airline or via Amex Travel
Government source · Aug 24, 2026Included
5x Membership Rewards Points on Prepaid Hotels (Amex Travel)
Earning5x points on prepaid hotels booked on AmexTravel.com
Terms & eligibility
Must book prepaid hotels on AmexTravel.com
Government source · Aug 24, 2026Included
Global Lounge Collection (incl. Centurion Lounges, Delta Sky Club, Priority Pass)
AccessAccess to 1,550+ airport lounges in over 500 airports worldwide; over $850 of annual value (per Amex as of 01/2026)
Terms & eligibility
Delta Sky Club: 10 visits/year, must be flying on eligible Delta flight; Priority Pass: enrollment required; subject to space availability
Government source · Aug 24, 2026Est. value
~$850
per_use
Hilton Honors Gold Status
AccessComplimentary enrollment in Hilton Honors Gold status (enrollment required)
Terms & eligibility
Must enroll in complimentary Hilton Honors Gold status as a Platinum Card Member; subject to Hilton terms
Government source · Aug 24, 2026Included
Marriott Bonvoy Gold Elite Status
AccessComplimentary Marriott Bonvoy Gold Elite Status (enrollment required; terms and limitations apply)
Terms & eligibility
Must enroll; Marriott terms and limitations apply; available at hotels participating in Marriott Bonvoy when booked with a Qualifying Rate
Government source · Aug 24, 2026Included
Leaders Club Sterling Status (The Leading Hotels of the World)
AccessComplimentary Leaders Club Sterling Status from The Leading Hotels of the World
Terms & eligibility
Eligible stays at The Leading Hotels of the World participating properties
Government source · Aug 24, 2026Included
Car Rental Privileges (Avis, Hertz, National)
AccessComplimentary premium status for select car rental programs (Avis, Hertz, National)
Terms & eligibility
Cardmembers must enroll through American Express online account using their specific program loyalty ID; participating locations only
Government source · Aug 24, 2026Included
No Foreign Transaction Fees
AccessNo foreign transaction fees when using Platinum Card internationally
Terms & eligibility
None stated
Government source · Aug 24, 2026Included
Baggage Insurance Plan (travel protection)
ProtectionCoverage for lost, damaged or stolen baggage when traveling on a Common Carrier Vehicle (plane, train, ship, bus) when Entire Fare is charged to Eligible Card
Terms & eligibility
Entire fare must be charged to Eligible Card; coverage limits apply; exclusions in policy
Government source · Aug 24, 2026Included
Platinum Card Concierge Service
Access24/7 concierge for arrangements and ticket purchasing
Terms & eligibility
Cardmember calls number on back of card and selects 'Concierge'
Government source · Aug 24, 2026Included
Downgrade paths
Product changes usually keep your account age and credit line. Retained-value figures are estimates — confirm specifics with the issuer.
Move to American Express Gold Card
$325/yr
Community-reported · not guaranteedRetained value not quantifiedCardmembers may product change within American Express Membership Rewards family; product change must be requested via Amex customer service. Card account must be open for at least 13 days (typically) before Amex will process a product change; some sources indicate 1 year of cardmembership is required (UNCONFIRMED). Account in good standing; Amex may require minimum cardmembership period before product change is permitted. Amex pop-up rule applies: cardmembers may be ineligible for future welcome bonuses on Amex cards if they have recently opened or closed Amex cards (community-reported, not officially documented as a hard rule).
Government source · Aug 24, 2026Move to American Express Green Card
$150/yr
Community-reported · not guaranteedRetained value not quantifiedProduct change within Amex Membership Rewards family; request via Amex customer service. Account in good standing; Amex may require minimum cardmembership period before product change. Per asksebby.com (2025-06-19): 'With a card like The Platinum card, there's not a free downgrade option. The American Express Gold Card and the American Express Green both have annual fees.'
Government source · Aug 24, 2026Move to American Express Everyday Credit Card (no annual fee options)
no annual fee
Community-reported · not guaranteedRetained value not quantifiedProduct change within Amex family; some community reports indicate Platinum cannot always product change to no-annual-fee cards directly (must go via Gold or Green first). UNCONFIRMED on official Amex policy. Account in good standing; Amex may restrict product change options. Per nerdwallet.com (2026-08-06): 'changes can only be made within the same card family.'
Government source · Aug 24, 2026
Recent retention offers
Government source · Aug 24, 2026- upd. 2 months agoOffer reported2026-04-30
15k points for $3k spend in 3 months
$3,000 within 3 months spend3 months1 datapoints · medium confidence - upd. 2 months agoOffer reported2026-04-18
With $15K spend for 40K points
$15,000 (within time not specified; community-described) spendUNCONFIRMED1 datapoints · medium confidence - upd. 2 months agoNo offer2026 (UNCONFIRMED — community report without explicit date)
$3,000 within three months earns a $150 statement credit (declined)
$3,000 within 3 months spend3 months1 datapoints · medium confidence - upd. 2 months agoOffer reported2026-02-11
Retention Offer 2/11/26 (community datapoint; specific offer amount UNCONFIRMED in search snippet)
UNCONFIRMED spendUNCONFIRMED1 datapoints · low confidence
Offers vary by account and eligibility. Reported outcomes are not guaranteed. Community data shown here is an illustrative sample — never rely on it as a promise of what you'll be offered.
Information is provided for educational and decision-support purposes and may change. Always confirm current terms, benefits, eligibility, fees, and offers directly with American Express.