ResourcesCalculatorsAmerican Express Platinum Card
$895 Annual Fee

Is the American Express Platinum Card worth it for you?

Drag in your real annual spend. I'll do the points math the bank won't — earn rates, your credits, and how you redeem — then tell you if the fee pays for itself.

Sign-Up Bonus

Are you opening the card or thinking about closing it? Each situation has its own bonus — but you only get one.

Current offer: varies; typically 80,000+ points
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Your Annual Spend
How you redeem points
Annual spend by category

Enter your estimated annual spend in each bonus category.

Booked directly with airlines or via amextravel.com
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amextravel.com or AmEx Travel app only
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Card credits

Drag each slider to reflect how much of the credit you'd realistically use per year.

Includes Centurion Lounges, Priority Pass, Delta Sky Club (on Delta flights), and more. Each visit is worth ~$50. Enter the number of airport lounge visits you expect per year.
visits / yr
$15/month + $20 in December, deposited as Uber Cash in your Uber account for rides & Eats.
Ease of use4/5MonthlySee why we rated it this way →

Must link your AmEx Platinum to your Uber account first. Monthly deposits do not roll over — unused Uber Cash expires at the end of each calendar month.

$/ $200 max
Select one airline at the start of the year. Covers checked bags, in-flight refreshments, and other incidental fees — not ticket purchases.
Ease of use2/5AnnualSee why we rated it this way →

Must designate one airline at card opening or each January. Covers incidentals only — not ticket purchases. Has become harder to use as airlines reduce fee-generating services.

$/ $200 max
2× $300 semi-annual credits (Jan–Jun & Jul–Dec) for 2+ night stays via The Hotel Collection, or any stay at Fine Hotels & Resorts.
Ease of use3/5Semi-AnnualSee why we rated it this way →

Only valid via AmexTravel.com — The Hotel Collection requires a minimum 2-night stay; Fine Hotels & Resorts has no minimum. Each $300 semi-annual window does not roll over.

$/ $600 max
$30/month back on select subscriptions: Peacock, Disney+, Hulu, ESPN+, WSJ, NYT, YouTube Premium, YouTube TV, Paramount+.
Ease of use4/5MonthlySee why we rated it this way →

Limited to the listed services only. Subscription must be billed directly to the Platinum Card — bundle charges through a third-party carrier may not qualify.

$/ $300 max
$300/yr toward Equinox+ subscription or club membership. Or buy a SoulCycle bike and get $300 back as a statement credit.
Ease of use2/5AnnualSee why we rated it this way →

Only covers Equinox+ digital (~$40/mo) or a physical club membership — requires a nearby Equinox location. SoulCycle applies to bike hardware purchases only, not class credits or the app subscription.

$/ $300 max
⚠ This credit is no longer available to new cardholders. Existing cardholders have until June 30, 2026 to use the Jan–Jun $50 credit — the Jul–Dec window will not return. AmEx has confirmed the benefit will not be renewed for the second half of 2026 or beyond.
Ease of use3/5Semi-AnnualSee why we rated it this way →

Credit discontinued. Existing cardholders: use your remaining $50 balance before June 30, 2026 at Saks Fifth Avenue (in-store or saks.com). Off Fifth outlet stores and gift card purchases are excluded and do not qualify.

$/ $100 max
$12.95/month reimbursed when you pay with your card. Includes free grocery delivery, free Walmart.com shipping, and Paramount+ (ad-supported). Pro tip: use your Digital Entertainment credit for something else.
Ease of use4/5MonthlySee why we rated it this way →

Must pay for Walmart+ directly with your Platinum Card each month. The included Paramount+ (with ads) overlaps with the Digital Entertainment credit — pick a different service for that credit to avoid double-counting.

$/ $155 max
$209/yr credit for a CLEAR+ membership. Skips the ID verification lane at airports and stadiums — at certain busy airports it genuinely makes or breaks your security experience, though at most it's a nice-to-have. Military discount brings the cost down to $119.
Ease of use4/5AnnualSee why we rated it this way →

CLEAR+ is only available at select airports and stadiums — at high-traffic hubs (e.g. ATL, LAX, DEN) the time savings are significant; at smaller airports the benefit is minimal. Military members qualify for a reduced rate ($119); the credit covers up to $209.

$/ $209 max
$120 for Global Entry ($120) or TSA PreCheck (~$85). Usable once every 4.5 years — enter the full credit if you plan to use it, or $0 if you recently renewed.
Ease of use4/5Multi-yearSee why we rated it this way →

Credit applies once every 4.5 years (5-year membership, renewable 6 months early). Can be applied to a companion or family member's application.

$/ $120 max
Monthly Uber One membership fee (~$9.99/month) reimbursed as a statement credit when paid with your card.
Ease of use4/5MonthlySee why we rated it this way →

Uber One must be active and billed to the Platinum Card monthly. This is separate from the Uber Cash credit — both can be active at the same time.

$/ $120 max
$100/quarter ($400/yr) at restaurants listed on Resy.
Ease of use3/5QuarterlySee why we rated it this way →

$100/quarter at Resy-listed restaurants only; quarters do not roll over. Restaurant availability is strong in major cities but limited in smaller markets.

$/ $400 max
$200/yr on Oura Ring purchases directly from Oura using the Platinum Card. Does not apply to subscriptions.
Ease of use2/5AnnualSee why we rated it this way →

Only applies to Oura Ring hardware purchased from Oura.com — not Amazon or other retailers. Does not cover the monthly Oura membership subscription (~$6/mo). Only useful if you actually want an Oura Ring.

$/ $200 max
$75/quarter at Lululemon stores (excluding Outlets). Quarters: Jan–Mar, Apr–Jun, Jul–Sep, Oct–Dec. Note: as of March 2026, Lululemon closed the gift card loophole — gift cards are now only sold in $50 increments, making it harder to use the credit exactly.
Ease of use3/5QuarterlySee why we rated it this way →

$75/quarter at full-price Lululemon stores and Lululemon.com. Outlet locations are excluded. Quarterly portions do not roll over. Gift cards, previously useful for hitting the exact $75, are now only available in $50 increments (change effective March 2026).

$/ $300 max

Optional — enter a dollar value for any protection or status benefits you'd use.

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Net value after the $895 fee
$-895.00SKIP IT
Rewards earned$895 fee
Points earned / year0 pts
Rewards value$0.00
Annual fee−$895
Effective return on spend0.00%
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Educational purposes only. The content on this site — including guides, calculators, card comparisons, and recommendations — is provided for informational and educational purposes only. It does not constitute financial, tax, or legal advice. Credit card terms, rewards rates, and benefits change frequently; always verify details on the issuer’s official website before applying. He’s Got a Point is not a licensed financial advisor.