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The Platinum Card® from American Express is being relaunched today with several changes, and one of those is a big new sign-up bonus.
Earn a 60K point sign-up bonus!
The Amex Platinum Card is now offering a sign-up bonus of 60,000 Membership Rewards points after making $5,000 in purchases within the first three months.
That bonus is 50% bigger than the previous bonus, which offered 40,000 points upon completing minimum spend. This is the new standard sign-up bonus, which is great to see.
The annual fee on the Amex Platinum Card has been raised from $450 t0 $550, though I think most readers will come out ahead with these changes.
The Amex Platinum Card’s awesome perks
Historically I have the Amex Platinum Card for the perks it offers, which more than justify the annual fee.
You get a $200 annual airline credit. That credit is based on a calendar year, meaning that in reality you can get two of these credits before the card’s second year annual fee is due, for a total of $400 worth of credits.
Then you also get access to Delta SkyClubs when flying Delta same day. Among US airlines I find that Delta has the best lounges, so this is a great perk for any Delta flyer.
Then you get a Priority Pass membership, with the ability to guest two people into Priority Pass lounges with you. This is the world’s largest network of independent airport lounges.
You also receive Gold status with Hilton Honors and Starwood Preferred Guest, and by extension, Gold status with Marriott Rewards. That’s a ton of value to get just out of having a credit card.
You also get a $100 Global Entry fee credit, which you can use for yourself or anyone who you designate, as long as you pay the fee with your card.
Huge return on airfare spend
I used to just have the Amex Platinum Card for the perks it offers, but now there’s a bonus category that has been earning me a lot of points. When you use this card to pay for airfare directly with an airline, you’ll receive 5x points. As someone who spends quite a bit on airfare, this has hugely increased my points earning potential. I love this bonus category.
The $100 annual fee increase is more than offset…
The Amex Platinum Card now offers $200 in Uber credits per calendar year. Those with the Platinum Card will receive $15 in Uber credits each month, and $35 in Uber credits in December. Each credit is only valid for the month in which it’s issued and for rides in the U.S. There’s no need to actually pay for any Uber ride with the Platinum Card, but rather you’ll just have to link your accounts and then the code will automatically be added to your account.
While the card’s annual fee increased by $100, I think anyone who uses ridesharing services in the US with any regularity will get value out of this. I used my first $15 credit last night, and given how easy it is to use, I easily value this at more than $100 annually.
It’s awesome to see a big new 60,000 point sign-up bonus on the Amex Platinum Card. This is a killer card that I’m finding more value in than ever before. Earning 5x points on airfare is awesome, in addition to all the other perks offered by the card.
If you’re put off by the $550 annual fee, keep in mind that you can get $400 worth of airline credits before the second year’s annual fee is due, plus $200 in Uber credits. At face value, that’s more than the annual fee.
On top of that you’ll get lots of awesome perks. If you don’t yet have the Amex Platinum Card, this 60,000 point sign-up bonus is a great reason to consider applying, in my opinion.