Is American Express Platinum a Status Symbol? (2024)

FAQs

Is American Express Platinum a Status Symbol? ›

The American Express Platinum card offers perks such as airport-lounge access and hundreds of dollars in travel credits. But some finance influencers say it's 'overhyped. ' It might be a status symbol - but one of the priciest credit cards on the market may not be worth the hassle for a large chunk of consumers.

As a Platinum Card Member you are eligible to enrol in complimentary Marriott Bonvoy™ Gold Elite Status. Once you request enrolment within the Marriott Bonvoy Program at the Gold Elite Status level, American Express will share your enrolment information with The Marriott Bonvoy™ Program.

The Platinum Card® from American Express is a prestigious metal credit card designed for big spenders who travel often, and it offers generous perks. For example, it provides a substantial initial bonus, valuable ongoing rewards, concierge service, and airport lounge access.

While the Amex Platinum card doesn't offer any type of airline elite status, the good news is it does offer status in multiple hotel and rental car elite programs.

A Platinum Amex also indicates you enjoy elite, luxurious travel perks. The card offers access to 1,400+ airport lounges and Amex's Fine Hotels + Resorts Program, plus perks with Saks Fifth Avenue and Uber.

The Platinum Card® from American Express is for fairly rich people. This premium travel card requires a high income which will help you afford its $695 annual fee and make it easier to spend $8,000 in the first 6 months, which is required to qualify for its initial bonus of 80,000 points.

Yes, the American Express Platinum card is considered a status symbol because of its exclusive benefits, high annual fee, and reputation as a premium metal credit card. The American Express Platinum card caters to high-spenders who travel frequently and want a wide range of luxury travel perks and lifestyle benefits.

Of course, if a card has a high annual fee, one could assume that there's some serious eligibility requirements for The Platinum Card® from American Express, but that's not the case here. There is no income requirement, instead all you need is a fair to good credit score.

American Express generally requires a good to excellent credit score to qualify for The Platinum Card® from American Express. Terms apply. You'll want to have at least a 690 credit score before applying for the card. So, you may need to work on building your credit score before applying for the card.

The Amex Platinum has an annual fee of $695, but for many travelers, the card's benefits will more than offset that charge. If you can maximize all of its annual statement credits, you're looking at nearly $1,600 in value. Plus, the various other benefits of the card can be worth even more for most frequent travelers.

Can you skip TSA with Amex Platinum? ›

To receive this benefit, apply for either Global Entry or TSA PreCheck^® (through a TSA official enrollment provider) and pay the application fee using an eligible Card on the Platinum Card Account. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.

Yes, the American Express Platinum card reports to the credit bureaus every month, within days after the cardholder's billing period closes. American Express reports the card's credit limit, account balance, and payment history to all three of the major credit bureaus: Experian, TransUnion, and Equifax.

As a Platinum Cardholder, you are entitled to a complimentary membership in Priority Pass. This allows you to wait for your flight in a relaxed atmosphere in one of the more than 1,200 Priority Pass lounges around the world. You also can have a guest join you free of charge.

The Platinum Card® from American Express looks impressive when you pull it out of your wallet. Beyond good looks, the card grants access to a wide range of airport lounges and offers valuable credits and benefits, but you have to be willing to work it to get the most out of the perks.

Amex has about 70 million proprietary cards in circulation, of which 70% are fee-bearing cards. Platinum and gold make up less than 10% of that, Nash estimated.

The American Express Platinum card is a luxury card because it offers luxury benefits like airport lounge access and gold status at major hotels, hundreds of dollars in statement credits per year, and a bonus of 80,000 points for spending $8,000 in the first 6 months on eligible purchases.

The Platinum Card® from American Express is one of the top premium travel cards available. It comes with travel credits, hotel elite status, access to an impressive lounge collection, travel protections and other luxury perks.

Platinum Card^® Members and Additional Platinum Card^® Members on the Platinum Card^® Account can enroll in complimentary Hilton Honors Gold status in the Benefits section of their americanexpress.com online account or by calling the number on the back of their Card.

Marriott Bonvoy Platinum Elite is for members who stay at least 50 nights per year at Marriott properties. Platinum Elite members earn 50% more points on eligible hotel purchases. Platinum members get to choose between points, complimentary breakfast or other amenities for their welcome gift during their stays.