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AmEx Platinum Card: 325,000 Bonus Points (Spend $5000 in 3 Months), $450 Travel Credit, $400 Dining Credit, $1450 Annual Fee

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AmEx Platinum Card: 325,000 Bonus Points (Spend $5000 in 3 Months), $450 Travel Credit, $400 Dining Credit, $1450 Annual Fee
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starcub on 12/01/2023 - 18:48 americanexpress.com (17804 clicks)
Last edited 19/01/2023 - 09:53 by 4 other users

This card is not for everyone but with 325,000 Bonus Points seems like a good deal.

The bonus points are so random on the website. It showed 325,000 for me when I first visited it, refreshed the page showed 275,000, refreshed again showed 150,000 and stayed at 150,000. Changed browser, showed 325,000 again. Here's a screenshot https://imgur.com/a/zs7NJIQ

Benefits include:
$450 Travel Credit each year
$400 Global Dining Credit
Access to 1400+ Airport Lounges
Complimentary Accor Plus membership valued at $399 (one free night)
etc

Update: According to comments, the deal is now only available through using a referral link. Please use one from the random referral link generator in the grey box below.

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (7)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

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closed Comments

        • Jaystea on 12/01/2023 - 21:18

          Oh maybe - if so then that’s good news for us.

      • sena86 on 13/01/2023 - 11:51

        This is for US based cards only. The card is a lot cheaper for Americans at $695USD/year (~$1000AUD) and the annual fee is waived for all members on active duty. So there are a lot more Amex Platinum's out in the States versus other parts of the world.

    • zuccs on 12/01/2023 - 21:21

      How do the restaurants work? Is it only at the restaurant at the hotel where you book your free night?

      • Trance N Dance on 12/01/2023 - 22:20
        +1

        If you're talking about the accor plus benefit, it's at any participating restaurant, you don't have to be staying at the accompanied hotel to benefit.

    • Maestrok on 12/01/2023 - 22:34

      is there a list of all the perks available to supplementary card holders? Trying to find while applying but not very clear

    • Monashtez on 17/01/2023 - 08:08

      Being a newbie shall need some help!
      May be a silly question:

      I am presuming my spouse can have an additional card and benefits as mentioned above,
      However, this shall limits me introducing her next year and claiming extra points.

      Is my understanding correct?

      Also if I only get the primary card, then can I take my family of 4 (wife and 2 kids) to the airport lounges?

      • gotcha on 17/01/2023 - 08:16

        I am presuming my spouse can have an additional card and benefits as mentioned above - Most of them, but she wont get travel, dining credits, nor accorplus membership. However she can get the 2nd Priority Pass membership.

        However, this shall limits me introducing her next year and claiming extra points - No, having an additional card does not affect her applying for a her own card and getting bonus points.

        Also if I only get the primary card, then can I take my family of 4 (wife and 2 kids) to the airport lounges? - Depends on kids ages and lounges, however if your wife gets an additional card, 100% ok to have family of 4 in any applicable lounges.

        • Monashtez on 17/01/2023 - 08:20

          You are a *
          Thanks for such a prompt reply :)
          So I take it if I was to introduce her next year then she can get similar (depends on offer then) points and I shall get the referrer's point?

          • gotcha on 17/01/2023 - 08:35

            @Monashtez: yes, providing at the time of apply, she has not had her own Amex card for 18 months

        • littlesoldier on 17/01/2023 - 08:26

          For lounge access, it will depends which card you use and which lounge you are going

          For Amex centurion lounge, each primary and additional card holder can bring himself and 2 guests

          For priority pass lounges each priority pass card holder can bring 1 guest (each Amex platinum can have up to 2 priority passes card)

          So in short, you and your spouse can bring 4 people including card holders to lounges should have no issues, but with Amex centurion lounge you can even bring more

          • gotcha on 17/01/2023 - 08:37

            @littlesoldier: 2 guests allowed for Plaza Premium lounges as well

            • littlesoldier on 17/01/2023 - 09:09

              @gotcha: oh yes, forgot to mention plaza premium lounges
              Thanks for the updates!

              and in addition, card holder can also access Virgin domestic lounges (with the same date flight ticket)

  • PaperplaneXXX on 12/01/2023 - 19:54
    +3

    income criteria??

    • SolitaryMan on 12/01/2023 - 21:08
      +2

      Until recently it was stated at $100k, no longer mentions it on the website.

  • Jaystea on 12/01/2023 - 19:56
    +24

    Yes while it’s true this card is getting poorer and poorer with value each year, the fact that you get 325,000 points still makes this an objectively good card. It’s not a credit card either, it’s a charge card (which means you don’t exactly get the same line of credit as a CC) but for all intents and purposes, work rather the same. Main differences are: it’s does not form a part of your credit assessment like CC do (good thing). But repayment is 44 days rather than 55 (not so good thing).

    Taking the offerings of the card objectively for someone who will not be travelling:
    325,000 points = ~$1650 statement credit. $200 profit.
    $200 local dining credit in 2023, and $200 dining credit 2024 (if they continue this offer, and you cancel before the annual fee). $400 value.
    Free accor plus membership = one night free stay Asia pacific. I value this at a ~$250 value
    $75 net-a-porter/Mr. Porter credit every half calendar year. Again, assuming they continue this into next year, you can do this 3 times before the annual fee. $225 value
    $450 travel credit which can be used locally too for date night/whatever if you are not flying anywhere. $450 value

    After taking into account the $1450 annual fee - this still amounts to a total of $200 profit and $1325 value. It’s better than any other credit cards out there if you had no intention of using the points wisely anyway. Additionally, AMEX is one of the few cards that allow to you tf to KrisFlyer, rather than stay with Qantas which has effectively been shrinking it’s valuation on points even faster than AMEX (read: impossible to book international business reward flights). Yes velocity allows KF tf too, but it gets eaten up in the conversion - so accumulating KF points takes a much longer time. This one propels you to an immediate return business class trip with 160+ KrisFlyer points but you’d need 3 velocity points CC churns to get there.

    • May4th on 12/01/2023 - 20:21
      +1

      good breakdown but also worthwhile keeping in mind the opportunity cost, if any depending on your personal circumstances - as someone mentioned below a lot of other cards with much lesser annual fees for similar amount of points. eg. anz/citibank

      • cook99 on 12/01/2023 - 20:29

        Agreed good points, on top of opportunity cost of other cards is opportunity cost of not cancelling amex immediately after bonus to start the 18 month wait for next offer.
        I like to get that clock moving, but waiting almost a full year to extract all the value is counter productive

        • nomisg on 13/01/2023 - 00:10

          I plan to use this card purely for work related travel and other taxable purposes, so the annual fee and costs do look different depending on personal circumstance.

          • FatTofu on 13/01/2023 - 12:29

            @nomisg: Can you really claim the full annual fee as deductions if you don't even hold the card for a full year?

            • nomisg on 14/01/2023 - 00:56

              @FatTofu: Not an accountant, but if the card was only used for taxable purposes, and you paid the full fee, how long you hold it for means nothing. Now if if you use the benefits of the card for personal use cases, now it gets murky. FBT etc

    • adrianhughes1998 on 13/01/2023 - 00:13
      +1

      Thanks for this detailed write-up really appreciate it :)

      I just got approved for 110k ANZ FF Black card, but was wondering with this Amex deal —- as it's a charge card, not a credit card, does this even go on your credit report?

      Sorry new to this and never had a charge card before.

      • Jaystea on 13/01/2023 - 00:31

        As far as I know - no. Nonetheless - AMEX tends to be the most lenient anyway with card applications.

    • AussieBogan on 13/01/2023 - 08:33
      +1

      Does Amex do credit check if it does not form a part of your credit assessment like CC do

  • ozmaxz on 12/01/2023 - 20:00
    +1

    how many salary is required?

    • abs898 on 12/01/2023 - 20:05

      It used to be 100k

      • krazek on 12/01/2023 - 20:42

        My spouse just works part time on a low salary… I was wondering if I should waste a credit check for her on this

        • abs898 on 12/01/2023 - 20:44
          +2

          I would say they still need a 6 figure salary

        • Trance N Dance on 12/01/2023 - 22:21

          Unless she's close like 85k+, ain't worth your time ever since the banking commission tightened things up a bit.

        • FatTofu on 13/01/2023 - 12:54

          I don't understand why there is a credit check if this is not a credit card?

          • Trance N Dance on 13/01/2023 - 13:21

            @FatTofu: Because it's a line of credit. You are borrowing money for up to (approximately) 35 days.

            • FatTofu on 13/01/2023 - 13:27

              @Trance N Dance: Not sure as Google tells me that

              A line of credit is a flexible loan from a financial institution that consists of a defined amount of money that you can access as needed and repay either immediately or over time. Interest is charged on a line of credit as soon as money is borrowed.

  • plentifoo on 12/01/2023 - 20:03
    +9

    For the churn and burners out there I wouldn’t say this is worth it. Most of the credits, especially the dining and accommodation have pretty limited use cases.

    Then $1,450 annual fee for 325,000 AMEX points converts to only about 162,500 velocity/qantas/krisflyer points whichever you collect. That’s $0.0089/FF point. Previous offers like the ANZ black FF was $170 (after $255 cashback) for 160,000 points which means each point only costed $0.001/FF point.

    This is nearly 9 times the cost compared to the last credit card offer with over 100,000 signup bonus points, ignoring the all the other fluff they throw in which you will struggle to use if you aren’t already a frequent traveller.

    • PaperplaneXXX on 12/01/2023 - 20:15

      good point!!

      • Jaystea on 12/01/2023 - 20:21

        It’s not a fair or direct comparison IMO. If you cared that much about dollar to points ratio, then you’re probably a traveller - in which case the argument falls flat on itself as points would mean nothing to you (and would be difficult to claim without first changing it to a gift card anyway).

        So to say that a non traveller would care more about dollar:point ratio is at best a moot point.

        • abs898 on 12/01/2023 - 20:29
          +1

          For a traveller this is gold, or I should say Platinum

        • plentifoo on 12/01/2023 - 21:54

          not exactly. all these travel, accommodation and dining credits usually have a one year expiry date on them. I can care about raking up FF points at a good ratio because this means as a traveller, I get to accumulate points for when I want to travel, not when I travel frequent enough to use all those benefits in the one year time frame I'm given. The QFF points allows me to travel on my terms (as a traveller), the other benefits this card comes with, doesn't.

          • cook99 on 12/01/2023 - 22:29

            @plentifoo: In lost on this argument, I'm a non flyer and points and value ratio is all that matters, especially when considering other cards that could offer better value

          • Jaystea on 13/01/2023 - 00:36

            @plentifoo: This is fair enough if you're saving up for a few years for the RTW with qantas. Or just a special trip at some stage with the points in hand without wanting to worry about needing to use the included perks.

        • spiff on 12/01/2023 - 21:54

          Huh?? As a churner points mean everything to me… I'm collecting points to redeem for biz/first class… What do you mean points would mean nothing to me?

          • Jaystea on 13/01/2023 - 00:37

            @spiff:

            ignoring the all the other fluff they throw in which you will struggle to use if you aren’t already a frequent traveller

            This was in relation to that. But I do see the correlation with collecting points over a number of years and not wanting to travelling frequently.

    • dodoli on 12/01/2023 - 21:02

      Under this calculation if I launch a card with $0.1 annual fee and give you 1000 points it would be god tier?

      • LittleTicket on 12/01/2023 - 21:26
        +1

        Lol. This ain’t it champ. Why not make your life easier and nab these offers whilst they’re out there? Banks love that you get on their gravy train, you’re putting cash through them and inflating their books.

        If you’re not churning cards and home loans you’re missing out.

        • frostman on 13/01/2023 - 10:58
          -3

          Banks love that you get on their gravy train,

          You're one very delusional person.

          If Banks loved Churn & Turn Credit Card Scammers, they wouldn't put a suspension on your re-application after early termination.
          As such, you're generally unable to sign up for their CC for anywhere between 12-24 months.

          I've read many stories here of people churning through 10 CCs to get a Business Class flight and go post pics on Instagram of them sipping on some wine, if this isn't one of the lowest forms of life, I don't know what comes close.

          The consequences just means Banks will generally reduce the bonus points allocation, impacting legitimate people.

          • 973728 on 13/01/2023 - 11:55

            @frostman: Not sure I understand your sentiment. If you are happy staying with the same bank and paying their annual fee, then you are not applying for a new credit card and thus not able to benefit from the offer anyhow? I get that a younger generation may get less bonus points in their first application, but the points on offer in Australia are still very generous compared to some European countries.

            The banks have wised up to credit card churners a little with the total points on offer spread over the second year. This benefits those who are loyal and detracts the full value (though to a minor extent) to those churning.

            As a final point, could I ask for an example of where loyalty to a given bank has paid off? I have had nice offers from certain banks before, but I've always been able to beat them as a new customer elsewhere.

            • frostman on 13/01/2023 - 21:30

              @973728:

              The banks have wised up to credit card churners a little with the total points on offer spread over the second year.

              Exactly my point, for legitimate applications, they need to wait 12 months to get the incentives they were marketed for.
              The sole reason for the spread is to slow down CC churners, no other policy requires the bank to place a hold on these points.
              I also (personally) think Points have lost value in the last 10 years.

              As a final point, could I ask for an example of where loyalty to a given bank has paid off?

              Well, my statement isnt really being an ally to the banks, it's just pointing out that hoarding of this nature always has a negative affect down the line.

          • squarepants on 13/01/2023 - 14:11

            @frostman: What are you on about? Banks put a suspension on re-applications on all people period, not just people who close their card early.

            It's not as though you don't have to wait 12-18 months post-closing your card if you held it beyond the initial year.

      • spiff on 12/01/2023 - 21:55

        Picture of jealousy right here hahahaha

      • cook99 on 12/01/2023 - 22:30

        What an awful take lol

      • mickmac on 13/01/2023 - 02:10
        +1

        Says the man on ozbargain. facepalm

    • vetopower on 12/01/2023 - 21:20
      +1

      The true churner gets all the cards.

      162K KF points for ~$200 (after you deduct the travel credit, dining credits & Accor free night) is an incredible deal.

      • Jaystea on 13/01/2023 - 00:40
        +2

        KF in itself is a huge opportunity, especially given it's such a high amount in one go as well. Quite sick of Qantas tbh, have plenty of points that I can never use. Not to mention the subpar quality of qantas travel compared to SIA.

  • droidish on 12/01/2023 - 20:12

    If I pay rent through bpay would that qualify as an eligble purchase?

    • kipps on 13/01/2023 - 00:37

      Why wouldn’t it? Amex counts Sniip/etc as a purchase - but Amex does get concerned if you’re purchasing as a dodge to get cash. Ie running the card through your own business’ merchant facility.

      • KaitoKid1412 on 06/02/2023 - 00:06

        Does BPay count or not to minimum spend criteria?

  • Boomer85 on 12/01/2023 - 20:18
    +1

    Interested in dining with 50% off. Unlimited over the world?

    • gotcha on 12/01/2023 - 21:55

      asia pacific region only

    • amo on 12/01/2023 - 21:55

      The 50% off dining is in Accor restaurants and only Australia, NZ and Fiji when two people (only) dine and only on meals, not drinks. They market it as being for Asia-Pacific, but the other countries only get you 15% off of drinks. Plenty of decent and great options out there. If you have family/friends with the card, you can stack Accor cards to get discounts with more people, for example, two cards with four people is 50% off, but one card with four people is only 25% off - info here: https://accorplushelp.zendesk.com/hc/en-au/articles/36004029…

      • cynicor on 12/01/2023 - 22:22
        +2

        Thats not corrects the dining discount works in Asia too, not just au/Nz/Fiji. I used it in Singapore a couple months back and Bali pre-covid.

        • kipps on 13/01/2023 - 00:38

          Second this. Accor Plus dining benefit is certainly broader than just Aus, NZ & Fiji.

        • amo on 13/01/2023 - 07:34

          Thanks for the correction! I must have misinterpreted that line on their paperwork.

          • gotcha on 13/01/2023 - 13:01

            @amo: additional '15% off of drinks' for asian countries

            • amo on 14/01/2023 - 09:55

              @gotcha: Ahh gotcha, thanks.

      • HiFiGearOnline on 13/01/2023 - 12:43

        is it max two people? If i dine alone will it still be 50% off?

        • amo on 14/01/2023 - 09:55
          +1

          25% off if you dine alone. Full list: https://snipboard.io/DuQgNL.jpg

          • HiFiGearOnline on 16/01/2023 - 19:11

            @amo: might be a stupid question but does the discount apply even if you are not staying at an Accor hotel? Or do you have to be a guest?

            • amo on 16/01/2023 - 19:38

              @HiFiGearOnline: Not a stupid question at all! It certainly does apply - I frequently go to their resturant’s without staying. One of my favourites in Melb is No 35.

              • gotcha on 16/01/2023 - 21:48

                @amo: I frequent Pullman Grand, Pullman Magenta Novotel Wollongong and Sofitel DH

                • amo on 16/01/2023 - 23:49

                  @gotcha: I’ve been to Sofitel DH a couple of times, I’ll happily keep going back. Thanks, I’ll note the others on mapster if I’m ever out that way.

  • prisonmike on 12/01/2023 - 20:20

    Can I still be considered a new member if I had another Amex card in last 12 months ?

    • Jaystea on 12/01/2023 - 20:22
      +2

      I believe it’s 18 months for Amex.

      • cook99 on 12/01/2023 - 20:23
        +1

        Yup 18 for amex

      • jayz on 12/01/2023 - 20:38

        I'm an idiot. I just applied thinking it's 12 months. I cancelled my card 16 months ago…

        Does anyone know if I call up to cancel the application if it'll affect my credit score?

        • Jaystea on 12/01/2023 - 20:41
          -3

          Shouldn’t affect credit score as it’s not a CC. but I may be wrong.

        • spiff on 12/01/2023 - 21:58
          +2

          The application will still hit your credit score but call up and cancel the application anyway. Your exclusion period only resets if the application is processed and approved.

          • jayz on 12/01/2023 - 22:05

            @spiff: Bugger. Hopefully it's not bad (don't really know how much an application affects a credit score).
            Thanks for the info!

            • cook99 on 12/01/2023 - 22:34

              @jayz: Easy to pull the application, and it won't do much to your credit score don't stress.

              • jayz on 13/01/2023 - 18:08

                @cook99: Thanks mate, cancelled application no dramas.
                They mentioned that I cannot apply for another 90 days, in case that info is helpful for anyone.

  • benny2000 on 12/01/2023 - 20:22

    What's the point of a charge card for Amex? Do they only make money on the transaction fees if you have to pay off (and not pay interest)?

    • SolitaryMan on 12/01/2023 - 21:10

      Given the amount the average Platinum or Centurion holder puts through their charge cards, transaction fees would be pretty lucrative per cardZ

      • kipps on 13/01/2023 - 00:40
        +2

        Amex also gets some solid advertising benefits to card holders. The monthly departures magazine is an example.

  • Hydralyte on 12/01/2023 - 20:37
    -3

    Down with CCs.

    Pay with cash cash

    • SolitaryMan on 12/01/2023 - 21:11
      +3

      This isn’t a credit card.

      • Hydralyte on 12/01/2023 - 21:19

        what is it?

        • SolitaryMan on 12/01/2023 - 21:20
          +1

          A charge card. You cannot run a balance on it, you have to pay it off in full every month.

          • NoApostrophePlurals on 13/01/2023 - 05:10

            @SolitaryMan: What happens if you don't pay it off in full?

            • daft009 on 13/01/2023 - 06:10

              @NoApostrophePlurals: Don't want to find out. They probably send hired goons to your house :P

              They charged me a late fee but were gracious and reversed it when I was a day late by mistake

    • cook99 on 12/01/2023 - 22:35
      +2

      You're missing out on 55 days interest free funding, and a bucket load of points, gift cards and bonus offers.
      Cash has a place for paying tradies at discount rates, that's it

      • His_Holiness on 12/01/2023 - 23:40

        One shouldn't put their meth on their Amexs.

        • cook99 on 13/01/2023 - 18:47

          But those sweet points go begging lol

  • Spizz on 12/01/2023 - 20:41
    +3

    Another benefit of this card is access to the Fine Hotels and Resorts perks.

  • WvvvvvvW on 12/01/2023 - 20:43
    -1

    Would like to know if this offer apply to current Amex 'Additional Card' holder?

    • HunterDes on 12/01/2023 - 21:36
      +1

      Yip you'll be eligible for this offer as you don't hold an account with Amex. It's linked to the primary card holder

      • WvvvvvvW on 12/01/2023 - 22:53

        Thank you for the clarification

  • lost1thong on 12/01/2023 - 20:51

    Can't seem to get better than 150k…..

  • thousandsuns on 12/01/2023 - 21:00
    +2

    They still run credit inquiries on your credit report, right? Why would they remove the minimum income requirements then? Something sounds off here…

    • SolitaryMan on 12/01/2023 - 21:11

      They would still have a minimum income requirement, they just don’t tell you what it is any more.

      • nexus4 on 12/01/2023 - 21:41
        +1

        I just got one recently and they didn’t even ask for payslips actually

        • cerealsmok3r on 12/01/2023 - 23:24

          Was your income below the previous requirement of 100k?

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