American Express Platinum Card

Name: American Express Platinum Card
Brand: American Express
Rating: 4.2 (16 reviews)

16 reviews

No interest

Purchase rate

$1,450

Annual fee

200,000

Bonus points

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CardIQ

60Good

Good

Overall score, out of 100 · How this works

Airport lounge49
Frequent flyer65
Qantas Points65
Rewards58
Sign-up bonus73
Travel42
Velocity Points65

What people say online

Leans negative

Our ongoing analysis of online discussion about this product.

The American Express Platinum Card offers relatively accessible approval despite its substantial annual fee, though cardholders debate whether travel credits and perks justify the cost against underwhelming rewards rates and recent points devaluations.

Customer reviews

4.2

Based on 16 reviews

Reviewers kept coming back to rewards, customer service and travel perks.

KatieRecommends

Great for travel insurance

I love the rewards, but it’s a shame that it’s not accepted everywhere, and where it is accepted there is often a surcharge. It's good, but I can't use it everywhere

CallumRecommends

I like the card but wish I could use it more often and get more points. And I know it sounds stupid, but it would be nice if they made the cards look more attractive. That way I would be obliged to put it in my wallet and keep it there, instead of losing it every few months.

LindaDoesn't recommend

Not a lot of shops take AmEx, or they add on a fee

Great card, just not a lot of stores accept them. When you do go to use them they also charge a fee at petrol stations, etc. I do use mine for grocery shopping every now and then at Woolworths — I get $20 off which is great. It would be a better card if it was accepted in a lot…

HarpreetRecommends

Best card I have ever used

This card is the best card I have ever used. It gets accepted pretty much anywhere, in Australia or overseas. There are very attractive rewards for frequent flyers, and customer service is the best in the business. There are great security features attached to it.i use it for…

BiancaRecommends

Earned enough points for two overseas flights

There are great rewards, the staff are very helpful, and I have never had any issues with the card. I have managed to save enough points to fly myself and my partner overseas and back. I have no complaints at all. I love the trust of the company and wouldn’t go with any other…

MikeRecommends

Great offers

I love this card. Great offers can be saved to the card. Fees are reasonable, but often they give a loyalty bonus around renewal times (if you ask). When I contact them, I always receive excellent customer service, day and night. The online and app access are good also. Overall,…

BingxuanRecommends

Great product for a busy and luxury lifestyle

Apart from the $1,200 annual fee, this card is a great product for a luxury lifestyle. It has access to a wide range of worldwide airport lounges, complimentary insurance coverage, complimentary elite hotel and car rental memberships, and an annual domestic return flight on…

MichaelRecommends

One of the best in the world

I don’t really like credit cards much, but having the Platinum American Express credit card is rewarding. It has great rewards, an excellent app, and is even compatible with Apple Pay. It definitely destroys all the other credit card companies.The downside is that the credit…

NeilRecommends

Great for earning extra Qantas points

This card earns triple points at supermarkets and double points for fuel and purchases with Qantas—it’s great when planning overseas trips for travel bookings. You can use these points to upgrade to Premium Economy and Business Class and for basically no added cost. The team at…

StevenRecommends

Simple

Simple and easy to use, stress-free with maximum rewards.I get double points for every dollar spent and the benefits and rewards accumulate quickly, so you can purchase anything, within your points limit, until your heart’s content. With fifty five days to pay your credit card…

Pros & cons

What's good

200,000 bonus Membership Rewards points to start, worth around $2,000 at our 1c-per-point valuation.
Complimentary unlimited airport lounge access.
Complimentary international travel insurance, domestic travel insurance and purchase protection.
Complimentary concierge service.
Points transfer to 14 rewards programs, including Accor Live Limitless (ALL), Air New Zealand Airpoints and British Airways Club.

Worth noting

The $1,450 annual fee is high for a Platinum card, where the typical fee is about $155.
3.5% foreign transaction fee on overseas spending, at the high end of the market.
Charge card: the full balance must be paid each month, with no option to carry a balance.

Card details

The basics

Additional cardholder fee: $0 p.a.
Card tier: Platinum
Card type: American Express
Card use: Personal
Credit limit: $3,000 – $100,000
Credit rating: Good
Rewards program: American Express Membership Rewards

Eligibility

Instant approval: Yes (response in ~60 seconds)
Joint application: No
Minimum age: 18 years old
Minimum income: Not specified
Residency: Australian citizen or permanent resident
Temporary residents: Eligible

Rates & fees

Ongoing interest rates

Cash advances: 0.00% p.a.
Purchases: No interest. Pay in full each month

Fees

Additional cardholder fee: $0
Annual fee: $1,450 p.a.
Cash advance fee: —
Foreign transaction fee: 3.5%
Late payment fee: $20

Repayments

Interest-free period: Up to 44 days on purchases
Minimum repayment: 2% of the closing balance or $25, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 2.25 pts per $1
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: 1 pt per $1 on ATO and government payments
Reduced rate above monthly cap: None
Points cap: Uncapped
Points expiry: Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required: —
Sign-up bonus: 200,000 points

Transfer partners

Accor Live Limitless (ALL): 5 pts → 1 pt (≈ 0.45 pts per $1)
Air New Zealand Airpoints: 200 pts → 1 pt (≈ 1 pt per $89)
British Airways Club: 3 pts → 1 pt (≈ 0.75 pts per $1)
Cathay (Asia Miles): 3 pts → 1 pt (≈ 0.75 pts per $1)
Emirates Skywards: 4 pts → 1 pt (≈ 0.56 pts per $1)
Everyday Rewards: 5 pts → 4 pts (≈ 1.8 pts per $1)
Hilton Honors: 2 pts → 1 pt (≈ 1.13 pts per $1)
Malaysia Airlines Enrich: 3 pts → 1 pt (≈ 0.75 pts per $1)
Marriott Bonvoy: 3 pts → 2 pts (≈ 1.5 pts per $1)
Qantas Frequent Flyer: 2 pts → 1 pt (Ascent Premium only (Platinum Charge & Centurion), ≈ 1.13 pts per $1)
Qatar Airways Privilege Club: 3 pts → 1 pt (≈ 0.75 pts per $1)
Singapore Airlines KrisFlyer: 3 pts → 1 pt (≈ 0.75 pts per $1)
Velocity Frequent Flyer: 2 pts → 1 pt (≈ 1.13 pts per $1)
Virgin Atlantic Flying Club: 3 pts → 1 pt (≈ 0.75 pts per $1)

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Prepay part of the trip on the card
Age limit: 80 years
Excess: $250
Maximum trip length: 180 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Chubb Insurance Australia Limited

Purchase protection

Activation: Pay for the item with the card
Annual limit: $30,000
Cover period: 90 days
Excess: $50
Not covered: Cash, consumables and animals
Per-item limit: $3,500
Underwriter: Chubb Insurance Australia Limited
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Sign-up bonus$2,000Tied for best (1st of 59 cards)

Rewards value$810 a yearTop 10% (2nd of 95 cards)

Interest-free days44 daysNot as good as most cards (141st of 192 cards)

Overseas fee3.50%Not as good as most cards (152nd of 200 cards)

Annual fee$1,450 a yearAmong the most expensive (200th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Issuer: American Express
Program: American Express Membership Rewards