American Express Platinum Reserve Credit Card – Rates & Fees

Information verified correct on December 3rd, 2016

The American Express Platinum credit card is no longer available. Compare your other American Express options below.

Important Information

As of the 1st of October 2014, American Express Platinum Reserve Credit Card will no longer be available for applications as this credit card is no longer available to new customers. The information provided and cards cannot be applied for, however, the information on this page has been kept for the benefit of existing customers and for those who are interested.
You can compare other American Express credit cards here.

While the American Express Platinum Reserve Card attracts an annual fee, it comes with a range of benefits to match. For starters, you stand to receive 30,000 membership rewards bonus points when you join, as long you join by a given date.

You get automatic membership into a rewards program that enables you to earn up to rewards points for every dollar you spend. Redeeming accumulated rewards points presents you with a host of alternatives.

This card also comes with a variety of travel benefits, making it ideal for people who travel frequently. Apart from offering world class service that customers have come to expect of American Express, this card also offers cardholders a number of complementary insurance covers.

American Express Platinum Reserve Credit Card Review

This American Express card allows you to transfer balances which attract a very competitive interest rate for up to 6 months. You can get up to 4 additional cards which don’t attract any annual account-keeping fees, enabling you to earn more rewards points. This card comes with PIN, chip, and contactless technologies, offering convenience along with security. You can use this card at any merchant who accepts American Express, anywhere in the world, and you can also use this card to make online purchases. What requires special mention, though, is its extensive rewards program.

Benefits of the American Express Platinum Reserve Credit Card

  • Balance transfer offer. You can take advantage of a balance transfer option if you apply before a given date, and a one-time establishment fee of 1% applies. There is a maximum limit of how much you can transfer, and this is the lesser between 50% of your approved credit limit and $3,000. The special balance transfer rate stays in place for 6 months, after which any left over balance attracts a standard interest rate.
  • Complimentary insurances. When you buy air tickets using this card you get free domestic and international travel and accident insurance that provides cover to you and to dependent family members. Travel inconvenience cover is in place to offer cover in case of delayed luggage, missed connections, and flight delays. Refund protection ensures you get a credit in case a merchant refuses a qualifying refund within 90 days of purchase. Purchase protection offers cover in case you lose, break, or damage an item within 90 days of purchase. Online fraud protection guarantee ensures you don’t have to pay for fraudulent transactions as long as you notify American Express immediately upon finding out about them.

Features of the American Express Platinum Reserve Credit Card

  • Earning rewards points. When you receive your Platinum Reserve Credit Card you get complimentary Membership Rewards Ascent program enrolment.
  • Restaurant perks. When you use this card to make payments, you earn 3 points on every dollar spent at select restaurants; 2 points per dollar spent on select airlines, tour and cruise operators, and accommodation; and point for every dollar spent on most other transactions. Transactions including utilities and insurances still earn 0.5 point for every dollar spent.
  • Points cap. This pattern continues until you reach an annual threshold of 150,000 points, after which all qualifying transactions earn 1 point for every dollar spent.
  • Redeeming rewards points. To redeem points, you can turn to nine leading airline partners, you can make in-store purchases through American Express Travelscene and Harvey World Travel, and you can also redeem points online via Webjet.
  • Travel privileges. With your Priority Pass, you get access to more than 600 VIP lounges, and your first two visits within every 12 month period are free. Each year you get to avail of a complimentary night’s stay at select luxury hotels, and you can swap this with a domestic or international return airfare to select destinations. Travel Advantage, an online service, offers cardholders quick and easy solutions when it comes to making travel bookings.
  • Online access. You can access your account details from anywhere in the world as long as you have an internet enabled desktop, laptop, or smartphone. Once online, you can keep track of transactions, you can schedule payments, you can set up reminders so you don’t miss making payments, and you can also track progress of your rewards points.
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How to apply for the American Express Platinum Reserve Credit Card

You can apply for this credit card in different ways, and the easiest is to submit an online application.

Before that, make sure you meet the following eligibility criteria:

  • You are over years 18 years old
  • You are a citizen or permanent resident of Australia, or you hold a Subclass 457 - Business Long Stay Visa.
  • Your household pre-tax gross annual income exceeds $65,000 p.a.
  • You don’t have a history of poor credit

In order to do this, it might require you to submit the following:

  • A copy of your driver’s license, passport, and Medicare card
  • Employment related information
  • Details surrounding annual earnings
  • List of assets and liabilities
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32 Responses to American Express Platinum Reserve Credit Card – Rates & Fees

  1. Default Gravatar
    Doug | October 23, 2016

    As a platinum reserve member how do I access the qantas club lounge? If it is through the use of a Priority Pass, how/ where can I obtain that? Thank you.

    • Staff
      May | October 28, 2016

      Hi Doug,

      Thank you for your question.

      Currently, the AMEX credit cards that will give you the access to airport lounges are the following:

      1. The American Express Platinum Card
      2. The American Express ExplorerTM Credit Card
      3. The American Express Velocity Platinum Card
      4. The Qantas American Express Premium Card
      5. The Qantas American Express Ultimate Card

      As the American Express Platinum Reserve Credit Card is no longer offered for new applications, it would be best to contact AMEX directly if you still have the access to the Qantas Club lounge through Priority Pass with your Platinum Reserve card.

      Cheers,
      May

  2. Default Gravatar
    chris | November 15, 2015

    is there a list of international airport lounges that i can use the platinum reserve card at
    thank you

    • Staff
      Jonathan | November 16, 2015

      Hi Chris, thanks for your inquiry!

      If the Platinum Reserve still receives the Priority Pass from Westpac then you will be able to access the following 600 VIP lounges.

      Cheers,

      Jonathan

  3. Default Gravatar
    terence | February 23, 2015

    What are T&Cs for the card’s eligible purchase protection scheme?

    • Staff
      Jonathan | February 23, 2015

      Hi Terence, thanks for your inquiry!

      For the full inclusions and exclusions for the Platinum Reserve protection cover, please refer to pages 13 and 14 of the PDF I have provided to your email.

      Cheers,

      Jonathan

  4. Default Gravatar
    Gary | February 20, 2015

    Please advise how I can avail myself of the complimentary flight.
    Regards
    Gary

    • Staff
      Jonathan | February 20, 2015

      Hi Gary, thanks for your inquiry!

      Please see the FAQ section on this page for instructions on how to book the complimentary flight and for more information on the eligible destinations.

      Cheers,

      Jonathan

  5. Default Gravatar
    Gregory | January 29, 2015

    Hi,

    Could you please tell me how to redeem the complimentary domestic hotel stay?

    Thanks
    Greg

    • Staff
      Jonathan | January 30, 2015

      Hi Gregory,

      Thanks for your inquiry,

      Thank you for your inquiry,

      Please see the email I have sent you containing the American Express® Platinum Reserve Credit Card Complimentary Hotel Night Stay Offer – Property Guide.

      I hope this helps!

      Cheers,

      Jonathan

  6. Default Gravatar
    chris | January 21, 2015

    Hi,

    could you tell me how to arrange to use the annual complimentary domestic flight please. Incredible as it may sound i have had this card for years and never availed myself of the offer.
    regards

    Chris Baker

    • Staff
      Jonathan | January 22, 2015

      Hi Chris,

      Thanks for your inquiry,

      Please refer to the contact details and instructions I have sent to your email for redeeming the annual complimentary domestic flight with AMEX.

      I hope this helps!

      Cheers,

      Jonathan

  7. Default Gravatar
    Elizabeth | January 21, 2015

    Is the complementary flight previously available to card holders still available?

    • Staff
      Jonathan | January 22, 2015

      Hi Elizabeth,

      Thanks for your inquiry,

      Please note that the American Express Platinum Reserve Credit Card is no longer an active offer. Customers who are still cardholders under this offer can contact the customer service team to enquire about the complimentary domestic return flight.
      Please refer to the email I have sent you providing accepted destinations and contact details.

      I hope this helps!

      Cheers,

      Jonathan

  8. Default Gravatar
    Katie | January 19, 2015

    Where can I find the list of complimentary hotel that can be stayed at as for a platinum reserve card holder?

    • Staff
      Jonathan | January 19, 2015

      Hi Katie,

      Thank you for your inquiry,

      Please see the email I have sent you containing the American Express® Platinum Reserve Credit Card Complimentary Hotel Night Stay Offer – Property Guide.

      I hope this helps!

      Cheers,

      Jonathan

  9. Default Gravatar
    Joe | February 25, 2014

    Does the travel insurance cover any rental vehicle accidental damage or excess?

  10. Default Gravatar
    Katy | November 22, 2013

    Is it one complimentary flight per each additional card holder or just one complimentary flight for the main card holder.

    • Staff
      Jacob | November 22, 2013

      Hi Katy.

      You’re entitled to one complimentary flight per account. The flight does not have to be in your own name, you can book the flight in one of your supplementary card holder’s names if you wish.

      Thanks for your question.

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