American Express Platinum Reserve Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

As a welcome gift, you will receive 11,000 bonus Membership Rewards Points. Earn 1 Membership Rewards Point for every Rs. 50 spent with the card (excluding fuel, insurance, utility, EMI conversions). Enjoy monthly Flipkart/BookMyShow or other brand vouchers as milestone benefits. Receive limited complimentary visits to domestic airport lounges and a complimentary Priority Pass membership. Enjoy a complimentary membership of Taj Epicure. Play 2 rounds of golf for free every month at 32 premium golf courses across India. Get dining offers with a complimentary membership of EazyDiner Prime. Take advantage of the 24×7 American Express concierge service. Receive air accident insurance cover worth Rs. 1 crore.

American Express Platinum Reserve Credit Card is an exceptional credit card option for individuals who love to travel, dine, and shop.

While it does come with a joining fee of Rs. 10,000 + GST and a renewal fee of Rs. 10,000 + GST, the benefits and rewards offered by this card make it worth considering.

One of the most enticing features of this credit card is its reward type.

With Reward Points, cardholders can earn points for every Rs. 50 spent on the card, except for fuel, utilities, insurance, cash transactions, and EMI conversions at the Point of Sale.

These points can then be redeemed for a variety of exciting rewards, making this card perfect for frequent shoppers.

Upon joining, cardholders can enjoy a welcome benefit of 11,000 bonus Membership Rewards Points when they spend a minimum of Rs. 30,000 within 90 days of receiving the card.

Additionally, cardholders can also receive BookMyShow vouchers worth Rs. 1,000 upon achieving their monthly spends, making movie outings all the more enjoyable.

For those who love dining out, the American Express Platinum Reserve Credit Card provides a complimentary membership to EazyDiner Prime.

This membership allows cardholders to avail exclusive discounts and reservations at top restaurants.

Moreover, with the card's focus on travel, the cardholders are also bestowed with complementary Priority Pass, Accor Traveller, and Taj Epicure memberships, making travel experiences more luxurious and enjoyable.

Cardholders who enjoy golfing can benefit from the card's offer of two complimentary rounds of golf per month at 32 premium golf destinations in India, along with a 100% waiver on the green fee.

This is a fantastic perk for golf enthusiasts who often seek these opportunities.

With regards to insurance benefits, the card offers an air accident cover worth Rs. 1 crore, protecting the cardholder from unfortunate events during their travels.

Additionally, the card provides purchase protection against loss, damage, or burglary of any item purchased using the card, providing peace of mind to cardholders.

The American Express Platinum Reserve Credit Card also offers a spend-based waiver, with an annual fee waiver on spends of Rs. 10 lakh in a year.

This is a significant advantage for individuals who make substantial purchases on their credit cards.

While the credit card has numerous benefits, it's important to note that it does come with a foreign currency markup of 3.5% on the transaction amount, which could be a downside for frequent international travelers.

Additionally, the interest rate of 3.5% per month is quite high, so it is advisable to make timely payments to avoid accruing unnecessary interest charges.

In conclusion, the American Express Platinum Reserve Credit Card is an excellent choice for individuals who frequently travel, dine, and shop.

The extensive range of benefits, including welcome bonuses, dining privileges, golfing perks, and insurance coverages, make it a compelling option.

However, individuals must also consider the joining and renewal fees, as well as the interest rate and foreign currency markup, to determine if this card suits their specific needs and spending habits.