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American Express Platinum Credit Card
★★★★☆(4.6)If you're searching for an ultra-luxe credit card that'll make you feel like a VIP everywhere you go, the American Express Platinum Card could be a great option for you. This is a charge card that comes with no pre-set credit limit. Although it has an annual fee of ₹60,000, it offers premium stay vouchers worth ₹45,000 for Taj, SeleQtions, and Vivanta Hotels, access to top-class airport lounges, travel insurance coverage, reward rates ranging from 1.25% – 2.5% and many other benefits such as special deals on airlines like Emirates, Qatar Airways, Delta Airlines, and more. Keep reading if you're ready to elevate your travel experiences and enjoy a lifestyle fit for the elite. 🛫
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
₹60,000Annual Fee
₹60,000Annual Percentage Rate
42%Add-on Card Fee
₹10,000Minimum Repayment Amount
5%Cash Withdrawal Fee
3.50%Cash Advance Limit
NACard Replacement Fee
NilForeign Transaction Fee
3.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹1Late Payment Charges
30%of the minimum amount due, subject to a minimum of ₹ 500 and a maximum of ₹ 1,000.Pros
Aspects that make this credit card amazing.
- ⮚The card offers exclusive discounts on Hotel and Travel Benefits.
- ⮚It offers discounts on dining at premium restaurants.
- ⮚The card gives VIP access and assistance to exclusive events worldwide.
- ⮚Users get accidental, medical and theft insurance coverage.
- ⮚It offers 24x7 concierge services.
- ⮚It comes with free access to premium airport lounges globally.
Cons
Aspects this credit card lacks.
- ⮚No fuel surcharge waiver.
- ⮚Annual fee is quite high which is not affordable by many.
- ⮚Insurance does not cover items like gold, silver, antiques, securities etc.
American Express Platinum Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
The American Express Platinum Credit Card comes with a wide range of premium services. One of the major benefits includes VIP and early access to exclusive events all over the world. Additionally, it also provides vouchers and discounts to top-tier hotels globally with access to international airport lounges as well as the convenience of availing of 24x7 concierge services. Meanwhile, users also earn reward points on all the transactions done in India and abroad. However, for all these premium perks and benefits, users are charged a hefty annual fee of ₹60,000, which some potential users might find unaffordable to pay. Some other super-premium cards that offer benefits similar to the American Express Platinum Card are listed below: 1. Axis Bank Reserve Credit Card 2. HDFC Infinia Metal Edition Credit Card 3. HDFC Diners Club Black Credit Card
Overview
| Best for | Travel and Lifestyle |
|---|---|
| Joining Fee | ₹60,000 + Applicable Taxes |
| Annual Fee | ₹60,000 + Applicable Taxes |
| Welcome Benefits | Hotel Vouchers worth Rs. 45,000 from Taj, SeleQtions and Vivanta Hotels |
| Card Network | American Express |
American Express Platinum Credit Card Maximum Cashback
| Categories | Reward Points |
|---|---|
| On every transaction | 1 pt. |
| On every spend done abroad. | 3X pts. |
| On every purchase through Reward Multiplier | 5X pts. |
Who should get an American Express Platinum Credit Card?
The American Express Platinum Credit Card is best suited for individuals who frequently travel and want to earn reward points for their travel and other expenses. The card offers a wide range of travel benefits, including airport lounge access, travel insurance, and discounts on hotel bookings. The card is a good choice for individuals who spend a lot in these categories. In addition, the American Express Platinum Credit Card comes with a concierge service, which can assist cardholders in making travel and dining reservations and many other requests. Overall, American Express Platinum Travel Credit Card is an ideal option for users who want to avail of premium benefits and are ready to pay a high annual fee.
How to Apply for an American Express Platinum Credit Card?
1. Apply for an American Express Platinum Credit Card Online
- American Express Platinum Travel Credit Card can be applied by calling on 1-800-419-2122 and through an online application process as well. To apply online, follow the below-mentioned steps:
- Visit the American Express Express Website.
- Under the “Card” section, go to “Premium Credit Card”.
- Under the premium credit card, the “American Express Platinum” card will be listed.
- Click on “Apply Now” and start the application process.
- Fill in all the required details and upload all the necessary documents to complete the process.
American Express Platinum Credit Card Eligibility
- Age: Minimum 18 Years
- Occupation: Salaried or Self-Employed
- Income: Salaried: ₹25 Lakh p.a, Self-Employed: ITR > ₹15 Lakh p.a.
Documents Required
- Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.