4 Signs You Should Stay Away From the Amex Platinum Card.

KEY POINTS

  • The Platinum Card® from American Express doesn’t have many bonus categories, so it’s not exactly a big earner.
  • If you want a card with easy-to-use features, this American Express card probably isn’t for you.
  • This card is best for frequent travelers, not people who only take one or two trips per year.

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The Platinum Card® from American Express has been a popular luxury card for a long time. It has all kinds of perks, including travel and shopping benefits. It also costs quite a bit of money, with an annual fee of $695 (see rates and fees).

Some people get this card and absolutely love it. Others find themselves asking “why am I paying $695 for this?” So you don’t regret your decision, here are the warning signs you could be better off with a different card.

 

1. You want to earn a lot of points

You might think that because this is one of the most expensive cards, it’s great for earning points. The rewards rate is actually a weak point of this card. It earns:

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