Looking for a platinum grade card that rewards you with piles of points, and plenty of perks?
Right now you could, receive up to 200,000 bonus Membership Rewards points with the American Express Platinum Card.
That’s 150,000 Bonus Membership Rewards Points when you apply online, are approved and spend $5,000 on your new Card within the first 3 months. Plus, an additional 50,000 Bonus Membership Rewards Points in Year 2 upon fee renewal. T&Cs apply. New Card Members only.
You'll also enjoy a $450 Travel Credit each year, elite status with leading hotel chains, and comprehensive travel insurance.
If that wasn't enough, there’s also complimentary membership to Accor Plus (worth $399, and including a complimentary hotel night each year). Plus, enjoy digital access to The Australian with a Premium subscription.
Read on to discover the key Card benefits or visit the American Express website for more information and a secure, mobile-friendly application form here.
Why we love the Amex Platinum Card
Packed with generous travel, lifestyle and money-saving inclusions, the American Express Platinum Card delivers both substance and style.
You'll enjoy benefits that are unmatched by any other publicly available card in Australia. And, if you love shiny things, you’ll appreciate that the Amex Platinum Card now comes in metal, too – in our opinion it’s the best looking card out there!
Throw in the generous bonus of up to 200,000 Amex Membership Rewards points plus the highest everyday earn rate of any publicly available direct-issued American Express Australia card, and a stylish holiday is closer than you think.
With a minimum annual income requirement of $100,000 per annum and a $1450 yearly fee, the Amex Platinum Card is a prestige charge card product that won’t suit everyone.
However, if you meet the eligibility criteria, there is tremendous potential to extract value from the included benefits, easily offsetting the annual fee.
Pocket up to 200,000 Membership Rewards Points
First and foremost, there’s a huge bonus of up to 200,000 American Express Membership Rewards points for new American Express Platinum cardholders. The points are equivalent to $1,000 in gift cards or 100,000 frequent flyer points across multiple airline programs.
The Amex Platinum Card earns points into the American Express Membership Rewards (Amex MR) program, allowing you to transfer out to a range of leading airline and hotel loyalty schemes.
It’s a valuable program that is highly prized by savvy points collectors for its flexibility. Rather than being locked into one frequent flyer scheme, Amex MR allows you to earn points now and decide what to do with them later.
You may also be able to use Membership Rewards points [and the Travel Credit] on the American Express Travel website as payment towards Fine Hotels + Resorts if the selected hotel and room type provides you the option to prepay in advance.
Enjoy unlimited Virgin Australia Lounge access
Primary cardholders can enjoy unlimited access to Virgin Australia domestic lounges. You can also bring in a guest travelling with you. Note that you will need to be travelling with Virgin Australia to gain access to the Lounge.
Get two complimentary Priority Pass memberships
Whether you travel for business or leisure, airport lounge access is a handy perk that will allow you to relax in comfort before your flight. The Amex Platinum Card delivers premium benefits here, with complimentary Priority Pass membership for the primary Card Member and one nominated additional cardholder.
Each Priority Pass member can also invite one accompanying guest into the lounge at no additional cost (this is valued at US$32 per person, per visit).
Priority Pass operates many Airport Lounges around the world and boasts an extensive footprint in Australia. A Priority Pass membership also unlocks many lounges overseas.
Purchasing a prestige Priority Pass membership would normally set you back $429 USD per person (or $858 USD for the two memberships available to each American Express Platinum Card Member). So, simply by using this benefit, you can extract significant value from your card.
Plus, access other worldwide lounges
In addition, the American Express Platinum Card unlocks unlimited access to a range of other highly regarded Airport Lounges. These include:
- American Express branded Lounges, including the Amex Lounge at Sydney International Airport and Melbourne International Airport. There is also the ability to utilise premium international Amex Centurion Lounges internationally at airports including Hong Kong and San Francisco.
- Plaza Premium Lounges, and
- Delta Sky Club Lounges when travelling on Delta.
Entry requirements and guest allowances may vary.
Get a $450 Travel Credit each year
AMEX Platinum Card Members receive a $450 Travel Credit each year. This flexible credit can be used to book flights, accommodation or car rental with American Express Travel.
You can use it for yourself or someone else and it can be booked either online with Amex Travel or over the phone – it’s up to you.
Obtain complimentary Accor Plus membership (worth $399)
Accor Plus is a popular membership scheme that offers a free night’s stay at selected hotels and up to 50% savings at a participating property when you dine out. Members also receive a fast track to elite Le Club Accor Hotels Silver membership status.
The listed benefits can be used at over 800 participating Accor properties in the Asia Pacific. There are several participating hotels in Australia, including some five-star properties.
Even if you only stay or dine at Accor properties infrequently, an Accor Plus membership can provide you with significant savings. The free night, while subject to availability, can be worth over $400 alone. You’ll get maximum value by using it for a stay at a high-end brand such as a Sofitel, MGallery, or Pullman.
RELATED: The TCM Guide to Accor Plus
Unlock elite status with leading hotels
Obtaining elite tier status with a hotel loyalty scheme usually requires many stays and a significant spend outlay.
However, the American Express Platinum Card provides instant, fast-tracked elite membership for primary and additional cardholders across multiple programs, including:
- Hilton Honors Gold Status: Hilton operates over 500 properties worldwide
- Marriot Bonvoy™ Gold Elite Status: Over 6,500 properties come under the Marriott umbrella
- Radisson Rewards Gold Status
The benefits on offer vary between programs but may include room upgrades, early and/or late checkout (subject to availability), breakfast (at selected Hilton properties) welcome amenities, and free internet access.
These perks can add significant value for money when you travel.
Access American Express Fine Hotels + Resorts benefits
Receive a complimentary suite of benefits at over 1,200 extraordinary properties worldwide when you book with Fine Hotels + Resorts.
Complimentary benefits offered through the program include:
- daily breakfast for two people
- room upgrades when available
- noon-check in when available and guaranteed 4 pm late check-out, and
- a special amenity at each property (this is often a $100 USD room credit that can be used towards eligible spend at the property).
Participating properties can be found in many locations within Australia.
Amex states that the complimentary benefits on offer here average a total value of more than $700 AUD for one two-night stay, so there is significant value to be obtained here.
Stay informed with The Australian Premium subscription
American Express Platinum Card members and additional card members can stay informed with The Australian Premium subscription.
Get access to news coverage and analysis from here and around the world across all your devices as well as access to The Wall Street Journal. In addition, you will have access to exclusive member-only features including a weekly curated eNewsletter featuring a selection of the best reads from The Australian and global news partners including The Economist and Harvard Business Review.
The complimentary digital subscription to The Australian Premium is available to American Express® Platinum, Platinum Business, Corporate Platinum, and Qantas Corporate Platinum Card Members, including Additional and Employee Card Members.
Earn stacks of points on your everyday spend
The American Express Platinum Card offers a flat 2.25 points per $1 for all spend, except with government bodies where you’ll earn 1 point per $1. That’s the highest everyday earn rate of any publicly available direct issued American Express Card available in Australia.
Better still, there’s no cap on how many points you can earn each month or year.
And with American Express widely accepted at merchants across Australia, there’s no shortage of places you can use your Card.
American Express Platinum Card Insurances
The Amex Platinum Card offers a suite of complimentary insurances. Depending on your circumstances, one or more of these products could come in handy when you’re shopping at home, or perhaps travelling overseas.
The complimentary insurances that you can access through the Card include:
- Domestic and International Travel insurance (this includes points redemption bookings redeemed via your card)
- Loss Damage Waiver cover
- Medical emergency expenses cover, including repatriation
- Personal Liability cover
- Card Purchase Cover
Cardholders also get access to Smartphone Screen Cover, which provides $500 towards front screen repairs if you accidentally break your smartphone screen, with a 10% claim excess (a claim limitation of twice per year).
Before deciding to take up any of these insurance products, and to find out more information about coverage requirements, you should refer to the card PDS and terms & conditions on th Amex website.
Save time and money with other benefits
The American Express Platinum Card unlocks plenty of other benefits designed to offer additional value. There are too many to cover here in full, but they include:
- International Airline Program: Save up to 20% on First and Business Class fares with some of the world’s leading airlines such as Qantas Airways, Virgin Australia and more.
- Platinum Concierge: Access an on-call service which can help arrange dining and entertainment experiences for you
- Up to $150 in Net-a-Porter credits yearly: Limited to one $75 credit per defined half-year period. A one-time enrolment is required. Benefit ends on 31 December 2023
Plus, you can arrange up to four additional cards for family members at no charge. The points earned are credited to your account. Additional cardholders will be able to access many of the exclusive perks we’ve covered above).
American Express Platinum Card annual fee and eligibility
The American Express Platinum Card comes with an annual fee of $1450.
To apply for the Card, you’ll need to be able to report an annual income of $100,000 or more, be 18 years or over, and have no history of bad debt or payment default. New Card Members only.
You must be an Australian citizen or permanent resident or hold a long-term visa. Long term means 12 months or more and does not include a student visa.
To be eligible for the bonus points, you must not currently hold or have held a card issued directly by American Express Australia in the last 18 months.
Note that you are eligible if you’ve held an Amex card issued by a bank (i.e. ANZ, Westpac, CommBank, or NAB), if you hold an Amex corporate card or if you are an additional card member on someone else’s primary account.
American Express Platinum Card: Verdict
With a sizeable annual fee, the American Express Platinum Card isn’t going to be for everyone.
However, there is tremendous potential to maximise value from the included benefits if you can make use of them – enough to help you easily offset the cost of holding the card.
Ready to apply?
Don't miss up to 200,000 bonus Membership Rewards points. That’s 150,000 Bonus Membership Rewards Points when you apply online, are approved and spend $5,000 on your new Card within the first 3 months. Plus, an additional 50,000 Bonus Membership Rewards Points in Year 2 upon fee renewal. T&Cs apply. New Card Members only.
The secure, mobile-friendly application form should take less than 10 minutes to complete and Amex will give you a response in approximately 5-10 working days.