American Express Platinum Charge Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Receive gift vouchers worth Rs. 45,000 as a welcome gift. Earn 1 MR (membership Reward) for every Rs. 40 spent with the card, excluding fuel, utility, and insurance transactions. Get up to 5 Membership Rewards Points for every Rs. 100 spent on fuel. Enjoy 3X Membership Rewards on purchases made abroad. Receive 5X Membership Rewards Points when using the AmEx Rewards Multiplier portal. No predetermined credit limit on the card. Access 24x7 global concierge service. Benefit from travel-related insurance coverage, including personal air-accidental death insurance worth Rs. 5 crores. Receive up to a 50% discount at over 1800 premium restaurants in India and a complimentary membership to EazyDiner Prime. Enjoy access to over 1,200 airport lounges worldwide, including Centurian Lounges and American Express Lounges.

The American Express Platinum Charge Card is a premium credit card that is best suited for frequent travelers and avid shoppers.

While it comes with a hefty joining fee of Rs. 60,000 + GST and renewal fee of Rs. 60,000 + GST, the benefits and rewards offered make it worth the investment.

As a welcome benefit, cardholders receive SeleQtions, Taj, and Vivanta Hotels Vouchers worth Rs. 45,000.

This allows you to enjoy luxurious stays at some of the finest hotels in the country.

Additionally, you also receive 10,000 Referral Bonus Membership Rewards Points, which can be redeemed for various rewards.

For movie and dining enthusiasts, this card offers a complimentary membership to EazyDiner, as well as a discount of up to 50% at 1,800 premium restaurants across India.

This ensures that you can indulge in your favorite meals and entertainment without worrying about the cost.

Shopping with the American Express Platinum Charge Card is also rewarding, as you earn 1 membership reward point on every Rs. 40 spent.

Furthermore, you can enjoy 3X rewards on all international spends and 5X rewards points on transactions made via the AmEx Reward Multiplier portal.

This allows you to accumulate points quickly and redeem them for a wide range of rewards.

Travelers will also appreciate the travel-related benefits that come with this card.

Cardholders have access to over 1,300 airport lounges across over 130 countries, ensuring a comfortable and relaxing experience while waiting for flights.

The 24x7 global Platinum Concierge Service is also available to assist with travel arrangements and queries.

In terms of insurance benefits, the American Express Platinum Charge Card offers a life cover of Rs. 5 crores, providing financial security for you and your loved ones.

There is also unlimited free airport lounge access in India and access to over 1,200 airport lounges globally, including American Express Lounges, Priority Pass Lounges, and Delta Lounges.

Golf enthusiasts will be pleased to know that this card provides complimentary access to premium domestic and international golf courses.

This allows you to enjoy your favorite sport while traveling or at home.

Insurance benefits include personal air accident coverage worth Rs. 5 crores, a cover of Rs. 50,000 for loss of check-in baggage/passport/document, and overseas medical insurance of USD 50,000 for the first 7 days of your trip.

These benefits provide comprehensive coverage and peace of mind during your travels.

The American Express Platinum Charge Card does not offer a spend-based waiver, meaning the renewal fee is applicable regardless of the amount spent on the card.

However, the card does not have a rewards redemption fee, allowing you to redeem your points without any additional charges.

The foreign currency markup on this card is 3.5% of the transaction amount, which is relatively standard for premium credit cards.

The interest rate is also 3.5% per month, so it is advised to pay the outstanding amount in full to avoid accumulating interest charges.

For fuel purchases, the fuel surcharge is waived at all HPCL fuel stations for purchases up to Rs. 5,000.

However, a 1% surcharge is applicable on BPCL and IOCL stations, and a 2.5% surcharge is applicable at all other fuel stations.

In case of cash advances, a fee of 3.5% of the advanced amount is charged, subject to a minimum charge of Rs. 250.

It is advisable to use this feature sparingly due to the associated fees.

Overall, the American Express Platinum Charge Card offers a wide range of benefits and rewards, making it an excellent choice for frequent travelers and shoppers.

While the joining and renewal fee may seem high, the rewards and perks provided more than make up for it.