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.
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.
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