The Platinum Card® from American Express comes with a much higher annual fee than most credit or charge cards, which can scare off some people. However, the card comes with enough perks, rewards, and tangible benefits to far outweigh that annual fee.
After some back and forth, I finally decided to open the card, and in just the first year, I got more than $2,000 worth of value.
Airport lounge access, up to $200 in Uber credits each year, up to a $200 annual airline-fee credit, up to $100 in annual shopping credits, elite status at Marriott and Hilton hotels, special perks at other hotels and resorts, and access to exclusive events are just a few of the many benefits the card offers.
Ever since I started learning about points, miles, and credit card benefits (or “travel hacking,” as some call it), I had debated applying for a Platinum Card from American Express.
The card came with a ton of useful benefits, and as fairly regular traveler, it seemed like a no-brainer for me.
I kept holding off, though — the $450 annual fee just seemed like too big of an upfront, even if I made that value back. Then, the fee was raised to $550, and I figured I really couldn’t justify it.
Finally, I took a hard look at the math, and decided to go for it. I still wasn’t crazy about paying $550 a year just to have a card open, but what pushed me over the edge was really looking at how much return I’d get for that $550.
Here are the perks I had in mind when I decided to open this premium charge card, and how I value …read more
Source:: Business Insider