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VS

Compare the Features and Benefits of Wells Fargo Propel American Express Card and
The Platinum Card® from American Express

Detailed Comparison Overview

Key Facts
Annual Fee
Avg. Min. Credit Score
Ongoing APR
Balance transfers fees
Best Multiplier
Avg. Point Value
(Learn More)
Bonus Offer
Rating
Review
Key features
Unique Card Benefits
Airport Lounge Access
Annual Statement Credits
Grants Hotel Status
Grants Car Rental Status
Earns Transferable Points
Global Entry / TSA PreCheck Reimbursement
Trip Protections
Secondary Car Rental CDW Waiver
Extended Warranty
Purchase Protection
Return Protection
Cell Phone Protection
Has No Preset Spending Limit
Concierge Services
Metal Card
Annual Fee
$0
Avg. Min. Credit Score
*
Ongoing APR
-
Balance transfers fees
-
Best Multiplier
3x Airfare
3x Transit
3x Car Rentals
3x Gas Stations
3x Dining Out / Food Delivery
3x Hotels
3x Streaming Services
1x Everything Else
Avg. Point Value
(Learn More)
$0.01
Bonus Offer
Get 20,000 bonus points when you spend $1,000 in your first 3 months.
Rating
YBCC Card Rate Stars Filled
YBCC Card Rate Stars Empty
(0) Our Review

Our ratings are determined by the authors and editors on our team. Each individual card feature is compared against all other cards we offer and the total score is an average of those 4 ratings.

Review

While this card was quite popular, this card is no longer available to new applicants. Please see our Card Explorer to find the card that is right for you.

Read more
Unique Card Benefits
no
Airport Lounge Access
no
Annual Statement Credits
no
Grants Hotel Status
no
Grants Car Rental Status
no
Earns Transferable Points
no
Global Entry / TSA PreCheck Reimbursement
no
Trip Protections
no
Secondary Car Rental CDW Waiver
no
Extended Warranty
no
Purchase Protection
no
Return Protection
no
Cell Phone Protection
no
Has No Preset Spending Limit
no
Concierge Services
no
Metal Card
no
Annual Fee
$695 (Rates and fees)
Avg. Min. Credit Score
670-850 *
Ongoing APR
See Pay Over Time APR
Balance transfers fees
-
Best Multiplier
5x Airfare

Earn 5x Membership Rewards points on airfare (booked directly with the airline or via AmexTravel.com and on prepaid hotels when booked via AmexTravel.com), up to $500,000 on these purchases per calendar year.

5x Hotels

Only when booked via AmexTravel.com; Otherwise, hotels will earn 1X points per dollar spent

1x Everything Else
Avg. Point Value
(Learn More)
$0.017
Bonus Offer

Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Terms apply.

Rating
YBCC Card Rate Stars Filled
YBCC Card Rate Stars Empty
(4.25) Our Review

Our ratings are determined by the authors and editors on our team. Each individual card feature is compared against all other cards we offer and the total score is an average of those 4 ratings.

Review

In many ways, the American Express Platinum card is the crème de la crème of premium travel rewards credit cards. There are not only a laundry list of embedded perks — from hotel and rental car elite statuses to complimentary access to airport lounges through the Global Lounge Collection — but this card also can provide serious value in the form of statement credits with partner merchants. You can see the full list of benefits above.

Truth be told, it may require some work to fully maximize the card’s many perks but it shouldn’t be difficult to recoup at least some, if not all, of the card’s $695 annual fee (Rates and Fees).

An overhaul of the Platinum in 2021 showed Amex wanted to expand this card well beyond travel. While it’s unlikely the Platinum will ever fully shed its decades-long roots in the travel sphere, Amex also hopes to play a role at the top of your wallet whether you are at home or away.

Of course, on the travel front, the card still earns 5X on airfare purchased directly with the airlines or through the Amex Travel portal (on up to $500,000 of airfare purchases per calendar year), 5X on prepaid hotels, provides the most access to lounges of any card issuer, and has built-in travel protections and elite-status perks. This is on top of all the other relatively-recent lifestyle benefit additions — from Uber credits, Equinox credits, preferred restaurant reservations with Resy, and much, much more.

airfare-the-platinum-card-from-american-express

 

A few notes you need to know:

Amex now has language restricting you from getting the bonus on this Card if you have or have had this card OR have had this Card, the Platinum Card® from American Express Exclusively for Charles Schwab, the Platinum Card® from American Express Exclusively for Morgan Stanley or previous versions of these Cards.

Additional Platinum cards are $195 each.

If you want an Authorized User card with none of the benefits, that is still available as the “Companion Platinum Card.” They will simply be able to make charges that post to your account.

Bottom Line:

While the Platinum is a solid choice for most cardholders looking to level up their travel experience, consider other options from both Chase and Capital One including the $550-per-year Chase Sapphire Reserve and $395-per-year Capital One Venture X credit card.

Rates and Fees for the The Platinum Card® from American Express

Read more
Unique Card Benefits
yes
Airport Lounge Access
yes
Annual Statement Credits
yes
Grants Hotel Status
yes
Grants Car Rental Status
yes
Earns Transferable Points
yes
Global Entry / TSA PreCheck Reimbursement
yes
Trip Protections
yes
Secondary Car Rental CDW Waiver
yes
Extended Warranty
yes
Purchase Protection
yes
Return Protection
yes
Cell Phone Protection
yes
Has No Preset Spending Limit
yes
Concierge Services
yes
Metal Card
yes

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