American Express Platinum Card

The Amex Platinum offers up to 200,000 bonus points, a yearly $450 Platinum Travel Credit, lounge passes and other perks – with a $1,450 annual fee.

This charge card is suited to big spenders and earners, with Membership Rewards Points, world-class service and no pre-set spending limit. It comes with a range of perks, including airport lounge access, complimentary Accor Plus membership (usually $399 per year), and insurance covers.


Bonus points


Reward points

Per $ spent

$1,450 p.a.

Annual fee

44 days

Interest free period

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Product NameAmerican Express Platinum Card
Rewards programMembership Rewards Ascent Premium
Purchase rate0% p.a.
Annual fee$1,450
Interest-free periodUp to 44 days on purchases
Card typeAmerican Express
Foreign currency conversion fee3%
Minimum income$100,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • Up to 200,000 bonus Membership Rewards Points
  • $450 Platinum Travel Credit each year
  • Complimentary membership to the Ascent Premium rewards program
  • Airport lounge access with American Express Global Lounge Collection


  • A high annual fee of $1,450
  • Charges a 3% foreign currency conversion fee
Rewards programMembership Rewards Ascent Premium
Bonus points200,000
Rewards points per $ spent2.25
Rewards points capUncapped
Annual fee$1,450
Late payment fee$30
Foreign currency conversion fee3%
Additional cardholder fee$0
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The American Express Platinum Card offers a lot of value to big spenders who pay their account in full each month. It’s linked with the American Express Membership Rewards Program and offers a high earn rate of 2.25 points per $1 on most purchases – plus 1 point per $1 for spending with government bodies like the ATO. The bonus points offer sweetens the deal, giving you the chance to collect up to 200,000 Membership Rewards Points. Not sure what points are worth? This bonus offer would give you enough for $1,000 worth of shopping at David Jones, based on details publicly listed on the Amex website.

With the ability to transfer points to 10 partnered airline programs – including Qantas and Velocity – it’s also a good option for points chasers who belong to multiple schemes or a frequent flyer program that isn’t directly linked with a credit card in Australia. While perks such as complimentary travel insurance, a concierge service and airline lounge passes are typical for a platinum product, the $450 travel credit helps set this card apart – and can be used on domestic or international trips.

How to apply

If you've compared your options and decided to go with the Amex Platinum card, you can complete the application online in 10 minutes and receive a confirmation within 60 seconds. Before you start the application, make sure you meet the eligibility requirements and have the necessary documents and information ready to go.

Eligibility criteria

  • Annual income. You must earn at least $100,000 as pre-tax income per year.
  • New card member. The bonus points offer is only available to new card members. Cardholders who currently hold or have held an American Express card in the past 18 months are ineligible for this bonus points offer.

Card benefits

  • Up to 200,000 bonus points. Apply online, get approved and spend $3,000 on eligible purchases in the first 3 months of card membership and you'll get 150,000 bonus Membership Rewards Points. You'll earn another 50,000 bonus points after you pay the annual fee for the second year, making your bonus points a total of 200,000. Your bonus points will be awarded to your account within 8 to 10 weeks of meeting the spend criteria.
  • $450 Platinum Travel Credit. Each year, you'll receive a $450 Platinum Travel Credit which you can use for eligible flights, unique experiences, car hire or hotel bookings made through American Express Travel online or via the Platinum Travel Service (including for Fine Hotels and Resorts or The Hotel Collection bookings). You can redeem this travel credit for anyone and no booking fees apply.

Rates & fees

  • Annual fee. This card charges an ongoing annual fee of $1,450.
  • No pre-set spending. As a charge card, the American Express Platinum Card has no pre-set spending limit and no interest rate.
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