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. Amex Platinum also comes at a luxury price point: $695.

That's a luxurious amount of money to spend on a card, but it can be well worth it for the benefits you get in return. Just bear in mind that this card is only available to people who have at least good credit.

Reasons Why the American Express Platinum card Is a Luxury Card

• Initial bonus: 80,000 points for spending $8,000 in the first 6 months
• Ongoing rewards: 5 points per $1 spent on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 spent on all other purchases
• Credit required: At least good credit
• Annual fee: $695
• The Global Lounge Collection: Free access to 1,400+ airport lounge locations worldwide
• Airline fee credit: Up to $200 per year
• Uber Cash: Up to $200 per year, plus Uber VIP status
• Luxury hotel credits: $200 per year (Hotel Collection requires a minimum two-night stay)
• Walmart+ credit: $155 per year
• Equinox credit: Up to $300 per year for an Equinox+ digital fitness app membership or eligible Equinox club membership (enrollment required)
• CLEAR credit: Up to $189 per year (gets you faster airport/stadium security screening)
• Hotel “Gold” status: Complimentary Hilton Honors Gold status and Marriott Bonvoy Gold Elite status (enrollment required)
• Made of metal: This card is sturdier and looks fancier than a traditional plastic credit card
• Supplemental insurance: Various types of travel insurance, plus purchase protection* and extended warranties* on items bought with this card

The Platinum Card® from American Express is packed with benefits that make it a luxury card well worth its price for people who are big spenders. You can learn more from WalletHub's full American Express Platinum card review.

*Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

Yes, the American Express® Gold Card is considered a luxury card since it's a metal card with premium rewards on dining, groceries, and travel. Like many high-end credit cards, the Amex Gold card requires good credit and charges a high annual fee ($250 in this case).

Why the Amex Gold card Is a Luxury Card

• Rewards you with 4 points per $1 at U.S. supermarkets (up to $25,000 spent per year), 4 points per $1 at restaurants worldwide (plus takeout and delivery in the U.S.), 3 points per $1 on flights booked directly with airlines or on amextravel.com, and 1 point per $1 on all other purchases
• Initial bonus of 60,000 points for spending $6,000 in the first 6 months
• Up to $10 in statement credits each month for eligible dining purchases (enrollment required)
• Up to $10 in Uber Cash each month
• $100 hotel experience credit with a minimum two-night hotel stay booked through American Express Travel
• Made of metal

While the Amex Gold card is not the most exclusive Amex card, it still is one of Amex's best credit cards for high spenders and can be considered a luxury card. Just note that the Amex Gold card's points are worth an average of 0.77 cents when redeemed for travel, which is below the average value you can get from credit card rewards.

The income needed for the Amex Platinum is not something American Express publicly discloses, but having a steady source of income is a must in order to get this card. You need to demonstrate the ability to pay the card's $695 annual fee and the entire balance in full, when applicable.

Other American Express Platinum card Approval Requirements

It is worth noting that you need at least good credit for approval. If you don't know where...

Yes, it is hard to get the American Express Platinum card because you need a 700+ credit score and a high income to qualify for approval. But if you have at least good credit and make a lot of money, you have a decent shot at getting approved.

Plus, if you can take advantage of the card's substantial rewards and benefits, the American Express Platinum card can be worth owning despite its annual fee.

What Makes the American Express Platinum card Hard...

The American Express Platinum card is a prestigious credit card because it's a metal card meant for big spenders with good credit or better who travel often and can take advantage of generous perks. For example, you get a big initial bonus, valuable ongoing rewards, concierge service, and airport lounge access. The American Express Platinum card also charges a $695 annual fee.

Top Amex Platinum Card Rewards & Perks

Keep in mind that the best American Express cards aren't necessarily...

The best American Express Platinum card benefits are baggage insurance and return protection. This card also offers extended warranty and purchase protection, which are more common perks across American Express cards.

The best American Express Platinum card benefits:

• Baggage insurance*
• Return protection*
• Extended warranty*
• Purchase protection*
• Lowest hotel rates guarantee
• Instant card numbers
• Rental car insurance*
• Airport lounge access
• Air travel fees reimbursement
• Statement credits for eligible hotel bookings

...

The American Express Platinum card is special because it is a premium metal card that offers big-spenders elite perks. Benefits include airport lounge access, annual travel credits, 24/7 concierge service, and more. Plus, new cardholders earn 80,000 points for spending $8,000 in the first 6 months in addition to 1 - 5 points per $1 spent on purchases.

What Makes American Express Platinum So Special

• Travel benefits: Airport lounge access, annual travel credits, Global Entry/TSA PreCheck credit, hotel elite status, and more.
• Rewards program: 5 points per $1 spent on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 spent on all other purchases, redeemable for travel, shopping,...

The best Amex Gold card benefits are trip delay insurance and baggage insurance. The American Express® Gold Card also has extended warranty and purchase protection, which are more common perks across American Express credit cards.

Best Amex Gold card benefits:

• Trip delay insurance*
• Baggage insurance*
• Extended warranty*
• Purchase protection*
• Lowest hotel rates guarantee
• Instant card numbers
• Global Assist (an emergency card assistance hotline)
• An annual dining credit
• Free ShopRunner membership (for...

No, the American Express Platinum card does not offer a 100K point bonus anymore. The current offer is 80,000 points for spending $8,000 in the first 6 months. Once you've met the spending requirement for the American Express Platinum card's bonus, the points will post to your account within 8-12 weeks.

In addition to the welcome offer, the American Express Platinum card offers many other benefits and extensive ongoing rewards.

American Express Platinum card's Rewards & Perks

All in all, the American Express Platinum card is a good card for high-spending frequent travelers with...

The American Express Concierge Service works as a virtual assistant, helping cardholders secure concert tickets, deliver flowers, make reservations, and much more. It is an exclusive benefit for the American Express Platinum card, the Centurion® Card from American Express, the Delta SkyMiles® Reserve American Express Card and the Hilton Honors American Express Card cardholders. You can contact the concierge service by phone at (800) 525-3355 or by sending an email.

There are no service charges for using the Amex concierge, as it's a complimentary benefit. Any purchases required to complete your...