American Express Platinum Card – Rates and Fees

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Receive 80,000 Bonus Membership Rewards points, a $300 travel credit and complimentary insurance with the American Express Platinum Charge Card.

With this charge card, you can enjoy no preset spending limit and earn Membership Rewards points for all your eligible spending, including government charges and utilities. You'll also get a $300 Platinum travel credit every year, airport lounge access, complimentary worldwide purchase and travel insurance and a concierge service.

If you apply online for the American Express Platinum Card, you can earn 80,000 bonus Membership Rewards Points by spending $1,500 within the first 3 months of card activation. That's up to four return flights from Sydney to Melbourne.

Product NameAmerican Express Platinum Card
Rewards ProgramMembership Rewards Premium Ascent
Annual fee$1,200 p.a.
Minimum Monthly Repayment2.5% or $30
Minimum Income$100,000
Card TypeAmerican Express
Late Payment Fee$30
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$100,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Annual Fee$1,200 p.a.
Minimum Repayment2.5% or $30
Late Payment Fee$30
Cash Advance Fee$2.50 or 2% of the cash advance amount, whichever is greater
Overseas Emergency Replacement$0
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingNo
Internet Banking TransfersYes
In BranchYes
MailNo

Pros

  • Receive 80,000 Membership Rewards Bonus Points when you apply online, are approved and spend $1,500 on your new card within the first 3 months of card membership.
  • Receive $300 Platinum travel credit every year.
  • Platinum cardholders get complimentary membership to the Ascent Premium rewards program. The Ascent Premium Rewards program is superior to all others.

Cons

  • There is no pre-set spending limit, with purchases approved based on the lending requirements of American Express.
  • This card has an annual fee of $1,200.
Rewards ProgramMembership Rewards Premium Ascent
Bonus Points on Sign-up80,000
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) Cap300,000
Points ExpiryNever

American Express Platinum Card review

The American Express Platinum Card is a high-end rewards card that earns up to 3 Membership Rewards per $1 spent. Other premium benefits include a $300 Platinum travel credit every year, complimentary airport lounge access, purchase and travel insurance, a concierge service and platinum airline privileges.

Unlike regular credit cards, this charge card is designed to be paid off in full each statement period. If you're a big spender, this means you can enjoy the flexibility no pre-set spending limit.

Benefits of the American Express Platinum Card

  • 80,000 Membership Rewards Bonus Points. If you apply online, are approved and spend $1,500 within the first 3 months of card activation, you'll collect 80,000 bonus points you can redeem for travel, merchandise, cashback or frequent flyer rewards. This offer is also available to bank-issued American Express companion cardholders. Note that cardholders who currently hold or have held an American Express card in the preceding 18-month period are ineligible for this bonus points offer.
  • Reward points as you spend. Get access to the highest tier of American Express Membership Rewards, Ascent Premium, and earn 3 points for every $1 spent at restaurants in Australia, 2 points per $1 on airlines, accommodation and foreign currency spending, and 1 point per $1 spent on most other everyday purchases. You'll even collect 0.5 reward points per $1 spent towards utility bills, telecommunications providers, and government bodies. Rewards you can redeem include travel, gift cards, merchandise or loyalty points for 10 partner frequent flyer programs and 2 partner hotel programs.
  • $300 Platinum travel credit. Each year, you'll receive a $300 Platinum travel credit which you can use for prepaid airfares, car hire or hotel bookings made through American Express Travel. You can redeem this travel credit for anyone and no booking fees apply.
  • Airline lounge access. Enjoy complimentary Priority Pass membership that gives you and a guest access to over 1,000 VIP lounges worldwide. You also receive complimentary access to luxurious Virgin Australia lounges, Delta Sky Club Lounges and American Express lounges for you and a guest when travelling on eligible flights and present your Amex Platinum card and travel documents. Note that requirements vary between lounges, so refer to the terms and conditions on the American Express website for specific information.
  • Platinum Fare Guarantee. Book flights knowing you're getting the most competitive deal with the Platinum Fare Guarantee. You'll receive price certainty on all First and Business Class fares with selected airlines. So if you find the same fare or less elsewhere, American Express will match it until 31 December 2017.
  • Platinum Airline Privileges Program. Depending on the airline and destination, you can save up to 20% on standard fares found outside of the Platinum Travel Service and receive competitive deals through the Platinum Airlines Privileges Program.
  • Complimentary insurances. Use this card to pay for your travel and receive complimentary insurance covers that offer protection to you, your spouse, and dependent children travelling with you. This includes transport accident cover, travel inconvenience cover, travel cancellation cover, medical emergency expenses cover, hijack cover, and resumption of journey cover. Purchases you make using this card are also covered by purchase protection cover, refund protection cover, and buyer’s advantage cover.
  • Platinum concierge service. You can turn to this complimentary global round-the-clock service for assistance in matters like locating restaurants, booking tickets, finding a suitable gift, or even making arrangements for a business meeting.
  • Mobile contactless payments. Whether you have an Android, Apple or Samsung device, you can save time at the cash register and pay with the convenience of your smartphone with Android Pay, Apple Pay or Samsung Pay.

Features of the American Express Platinum Card

  • Annual fee. This card attracts an ongoing annual fee of $1,200 that you have to keep paying for the life of the card.
  • No pre-set spending. As a charge card, the American Express Platinum Card has no pre-set spending limit.
  • Travel rewards. This card includes a number of travel features. You can use the $300 Platinum travel credit every year to pay for airfare, hotel booking, and car hire. Complimentary membership to the Accor Plus program also offers one-night free stay at any Accor property each year. You also get free membership to leading hotel partner programs like Le club Accorhotels, IHG Rewards Club, Starwood Preferred Guest, and Club Carlson. Travel in style with a Priority Pass to access over 1,000 VIP lounges at airports around the world. When you fly with Virgin Australia, you'll also access Virgin Australia lounges for free.
  • Security. All of your online transactions will be protected by online fraud protection, letting you shop online with peace of mind. If you an item you've purchased with the card is lost or damaged, you can make use of purchase cover protection. With buyer's advantage, you can also look forward to extended warranty on eligible products and refund protection.
  • World class service. As a platinum card, you can look forward to exclusive premium features. As well as the complimentary 24/7 concierge service, Taste from Platinum gives you access to some of the best restaurants in the world and your My Wine Companion membership comes with a personal wine advisor and member-only discounts. The Platinum Card Service can also provide you with assistance if your card is lost or misplaced or if you have any questions about your account.

How to apply for the American Express Platinum Card

Apply for the American Express Platinum Card online in around 10 minutes and get a response within 60 seconds. To ensure the application process goes smoothly and to increase your chances of approval, make sure you meet the eligibility requirements and have the necessary documents ready before you apply:

Eligibility criteria

  • You are over 18 years of age
  • You are a permanent Australian resident or citizen
  • Your earn at least $100,000 as pre-tax income
  • No history of bad debt or payment default

Required documents

  • Your complete name, date of birth, marital status, and number of dependents
  • Your Australian driver’s license number (if you have one)
  • Your residential address, email address, and phone number
  • Your employer’s name, address, and phone number
  • Details surrounding your income, assets, expenses, and liabilities

The American Express Platinum is one of the most prestigious cards from Amex, with a long list of complimentary extras that add value to the account and an annual fee to match. If you want to apply for this card, make sure you compare a range of options first so you can decide if it's right for your needs.

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63 Responses to American Express Platinum Card – Rates and Fees

  1. Default Gravatar
    Barbra | March 22, 2017

    I am flying to Melbourne on Friday 24 March with Qantas and returning Sunday 26 March. Which lounges at Sydney Domestic and Melbourne Domestic Airports?

    • Staff
      Harold | March 23, 2017

      Hi Barbra,

      Thank you for your question.

      With American Express Platinum Card members are enrolled into the Priority Pass program, giving you (plus any additional cardholders and a complimentary guest) access to 1,000 VIP lounges worldwide. You can have an access to following:

      1. Virgin Australia Lounges – Access is complimentary for the Basic Platinum Card Member and one guest only. The Basic Platinum Card Member and guest must be travelling with Virgin Australia domestically. Access is to Virgin Australia-branded lounges in Australia only. Name on boarding pass must match the name on Platinum Card. The Platinum Card Member and guest must present his or her valid Card and same-day boarding pass (containing your Virgin Australia Velocity Frequent Flyer number and status) to Virgin Australia lounge agents. Guest must be travelling on same Virgin Australia flight and present boarding pass. All access is subject to space availability. This benefit is subject to change.

      2. Delta Sky Club – The Platinum Card Member must present his or her valid Card, government-issued I.D., and same-day corresponding airline ticket to club agents. Code-share and affiliated lounge agreements may not apply to provide complimentary club access in all cases. Age requirements and policies for admittance to airport club lounges vary by airline and location. Card Members must adhere to all house rules of participating clubs. Partners and locations subject to change without notice. Additional guest access subject to Delta Sky Club’s then-current access policy. This information is accurate as of 1 October 2015. For the most current Delta Sky Club access and pricing policy, please visit delta.com/skyclub.

      3. American Express Airport Lounges – American Express Platinum Card Members, including Platinum Business Card Members have unlimited complimentary access to The American Express Lounge. Card Members wishing to bring additional guests may be subject to a charge that is to be processed on the Card Member’s American Express Card. To access lounges, present your Platinum Card and government issued ID. In Australia: Platinum Card Member plus up to 2 complimentary guests and children may enter the lounge at no cost. In Brazil locations: Platinum Card Member and up to two travel companions or Card Member’s immediate family may enter the Brazilian airport lounges at no cost. For any additional guests, the Card Member will be charged R$15.00 per person (exception: no additional guests allowed in Congonhas lounges). In India locations: Platinum Card Member and up to one complimentary guest allowed and any additional guests will be charged INR750 per person. In Mexico locations: Platinum Card Member and up to 4 guests may enter the lounge at no cost. In Argentina: Platinum Card Member may bring up to 1 guest at no cost. In US locations: Platinum Card Member plus up to 2 complimentary guests or spouse and children may enter the lounge at no cost. Participating airlines and locations subject to change. Entry into The American Express Sydney Airport Lounge is governed by the full Terms and Conditions available at goodgoing.com.au/lounge.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    Michael | December 29, 2016

    As an American Express Platinum card holder, do I need to have booked my trip on the card to claim under my travel insurance benefits?

    • Staff
      Jason | December 29, 2016

      Hi Michael,

      Thank you for your enquiry.

      Yes, you must book the full fare for a return trip on your American Express credit card or by using reward points earned through the card (e.g. American Express Membership Rewards or Qantas Frequent Flyer points). On some cards, such as the American Express Platinum charge card, you can also claim insurance if you have booked a trip using other rewards points, as long as you pay for taxes and other additional fees using your American Express card.

      Please check out this link for the other eligibility requirements and for more information about American Express complimentary travel insurance.

      I hope this helps.

      Kind regards,
      Jason

  3. Default Gravatar
    adam | April 14, 2016

    With regards to supplementary card holders on Platinum Charge AMEX, can two separate direct debits be set up or is the primary card holder only allowed the one direct debit?

    • Staff
      May | May 11, 2016

      Hi Adam,

      Thanks for your question.

      I apologise for the delayed reply. Yes, you can set up a separate direct debit with the AMEX Platinum Supplementary Charge card.

      Cheers,
      May

  4. Default Gravatar
    Kimberley | January 30, 2016

    Does the platinum card get myself and a guest traveling on Virgin into the virgin lounge in Australia?

    • Staff
      Jonathan | February 1, 2016

      Hi Kimberley, thanks for your inquiry!

      Unfortunately the Priority Pass membership with American Express does not include the Virgin Lounge in Australia. The only included lounge in Australia is the Cairns International Reef Lounge. You can view all available lounges with the Priority Pass on this page.

      Cheers,

      Jonathan

    • Default Gravatar
      Neil | May 4, 2016

      Hi,

      I am a UK Platinum and Cash Rewards American Express cardholder and hold an Australian American Express through CBA. Can you tell me how I can best access the Priority Pass scheme please so that I can access the Airport Lounge at Sydney airport as well as others around the globe?

      Thanks in advance.

    • Staff
      May | May 5, 2016

      Hi Neil,

      Thanks for your inquiry.

      Unfortunately, the CBA AMEX card does not come with complimentary access to the airport lounge. But the credit cards that are listed on this page do. In the meantime, you may want to join the Priority Pass membership program to have a wide range of access in over 900 lounges in 400 cities across 120 countries worldwide.

      I hope this has helped.

      Cheers,
      May

  5. Staff
    Debbie | January 4, 2016

    Hi Joseph,

    Thank you for your inquiry.
    Please refer to the PDF I have sent to your email for the travel insurance policy included on American Express Platinum Card.

    To understand more credit card travel insurance, kindly go through this page.

    I hope this helps.

    Cheers,
    Debbie

  6. Default Gravatar
    JI | December 14, 2015

    I have concerns after reading reviews that the complimentary travel insurance does not cover supplementary card members. Is my wife’s card a supplementary one or is she considered a primary card member?

    • Staff
      Ally | December 15, 2015

      Hi Jl,

      Thanks for your inquiry.

      Kindly note that you have come through to finder.com.au, an online comparison service, which does not represent any credit card issuer such as AMEX.

      Anyway, that depends on how your wife got the card. If she applied for a primary account, she’s supposed to receive billings for the annual fee, and monthly statements are supposed to be issued which detail the combined points for all linked program accounts, while a supplementary card just authorizes her to use it (being a card issued on a primary card member’s account that is liable for all supplementary credit card spending).

      Should you wish to clarify on the status of your wife’s account further, it would be best to speak with an AMEX representative for direct assistance. That said, I have emailed you their contact details for your reference.

      I hope this has helped.

      Cheers,
      Ally

  7. Default Gravatar
    Dee | September 23, 2015

    Can I have additional cards with one account?

    If yes, how much does it cost?

    • Staff
      Sally | September 23, 2015

      Hi Dee,

      Thank you for your comment.

      Cardholders can get up to 4 additional cards without paying any additional annual fee.

      I hope this has helped.

      Thanks,

      Sally

  8. Default Gravatar
    Andy | September 5, 2015

    Hi there:

    Thank you for making this website. The information is quite useful.

    Just want to know whether the AMEX Platinum card concierge service is worth it? I have heard many rumours about how the quality of AMEX’s concierge service diminished over the past decades.

    These rumours include:
    - no concierge answers the phone, or has to wait for a long time before they pick up the phone
    - not being able to fulfil regular requests such as booking hotels, etc.

    Appreciate your time.

    Andy

  9. Default Gravatar
    Josie | August 4, 2015

    Hi I have a AMEX Platinum card and I am travelling to Europe at the end of this week and I see that Platinum Cardholders apparently get a Priority Pass that gives them access to over 600 VIP lounges at airports around the world. Can you please let me know how I can go about getting this priority pass please before I go?
    Best Regards Josie

    • Staff
      Jonathan | August 4, 2015

      Hi Josie, thanks for your inquiry!

      American Express Platinum cardholders receive complimentary Priority Pass membership and for one supplementary/ additional cardholder per account upon enrolment. To gain entry into the respective air lounge, platinum cardholders must present their Priority Pass card and same-day boarding pass. It is important to note that it may take up to eight weeks to receive your Priority Pass card from approval. Please refer to the link I have sent to your email to enrol your American Express Platinum card with the Priority Pass membership. It may be possible to gain entry into an air lounge once your membership number has been confirmed. You may like to contact the Priority Pass customer service team to verify your eligibility to enter the air lounge beforehand.

      Cheers,

      Jonathan

  10. Default Gravatar
    Kyle | August 3, 2015

    Hi there,

    My parents have just been given a Velocity American Express Platinum Card and I am looking to become an additional card holder. However, do additional card holders have the option to gain velocity points using their own velocity account?

    • Staff
      Sally | August 5, 2015

      Hi Kyle,

      Thanks for your inquiry.

      Both Primary cardholder and Supplementary/additional cardholders share the same services and privileges that American Express membership offers. This means that any points you earn from eligible transactions made with your card from being an additional cardholder will also be shared with your parents and vice versa.

      I hope this has helped.

      Cheers,

      Sally

Credit Cards Comparison

Rates last updated May 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first 3 months, plus a $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 spent and receive an annual fee refund with minimum spend.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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