On June 11th, American Express rolled out their first metal card for the UK market: The platinum card.
Although the platinum card was already on the market, changes to the card such as it becoming gold came into effect on June 11th. This article will review those new changes and assess whether you should get that card or not. Below is my new video titled ‘5 Reasons I Cancelled my AMEX Platinum – A Warning’.
Card: American Express Platinum Card
Cost: £575 a year (Worth it? Read on to find out)
Sign-up Bonus: 30,000 Membership Rewards points (35,000 if you use our link)
Favourite Perk: Priority Pass lounge access
The American Express card is the highest card in AMEX UK’s locker and you sure can see that in the price. £575 is a much higher charge than any other of AMEX’s cards and for that reason offers the best package of benefits to its card users. These include:
1. American Express users can give out benefits to five others by adding supplementary members to their account (one platinum card and four gold or green cards).
2. Both the main card holder and platinum supplementary card holder will receive Priority Pass lounge access. Priority Pass is the mot comprehensive lounge network and can get you into over 1,200 lounges worldwide. In fact, I think you would struggle to find an airport without a priority pass lounge.
3. You and all five of your supplementary card users will be given full travel insurance which covers your travel directly and things linked to your trips such as health.
4. If you hire a car, you will be fully insured under AMEX’s car insurance programme.
5. This perk is only beneficial if you live in London as far as I’m aware but platinum members will get £10 worth of credit per month to use on Addison Lee taxis.
6. Platinum users are automatically enrolled in a scheme called Fine Hotels and Resorts (FHR). This scheme can be one of the biggest benefits of Platinum however I found it not to benefit me as I generally don’t stay in luxury hotels while travelling. FHR gives you midday check-in where available, guaranteed 4pm checkout which is a great perk especially on one night bookings, free in-room wifi, $100 food and drink credit per stay and finally you will receive a room upgrade where available.
These perks are for 600 luxury hotels worldwide and if you are somebody who is likely to use these perks, this card is probably for you.
7. Another perk that is only worth it if you stay at hotels a lot is that you will receive permanent status at the following hotel chains:
- Gold in Melia Rewards
- Gold in Hilton Honors
- Gold in Radisson Rewards
- Gold in Marriott Bonvoy
- Jade in Shangri-La Golden Circle
8. If you travel by train, you will receive Eurostar lounge access in London, Brussels and Paris
Finally, alongside the 30,000 (35,000) point sign up bonus, you will earn 1 membership reward point for every £1 you spend. Personally, I think it is a shame that they don’t offer 1.5 points to make it stand out from the gold card more.
Conclusion: Is it worth it?!
The American Express Platinum is a great card with a shed load of perks, there’s no two ways about it. I signed up for the platinum card because I thought the benefits would be worth the money for me but after using it for 2 weeks, I begun to realise that they weren’t (more on that in the above video).
The card still carries a 3% foreign transaction fee which means i had to look elsewhere for a card to use abroad and I was never going to use the hotel perks which meant I was relying on the lounge access to foot the bill.