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AmEx Platinum Charge Card: 200,000 Bonus Membership Rewards Points, $450 Travel Credit, $5,000 Spend, $1,450 Annual Fee

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AmEx Platinum Charge Card: 200,000 Bonus Membership Rewards Points, $450 Travel Credit, $5,000 Spend, $1,450 Annual Fee
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Lwearywanderer on 10/01/2024 - 12:03 americanexpress.com (2398 clicks)
Last edited 10/01/2024 - 18:24 by 1 other user

New bonus offer for Amex Platinum Charge - available by REFERRAL link (website still states 150k).

Receive 200,000 Bonus Membership Rewards Points when you apply by 9 April 2024, are approved and spend $5,000 on your new Card within the first 3 months.

This converts to 100k frequent flyer points with most airline partners incl Qantas and Virgin.

This card delivers many lifestyle and travel benefits, including:

  • a $450 Travel Credit each year
  • complimentary Accor Plus membership valued at $395 p.a.
  • up to $400 back each calendar year until 31 Dec 2024 when you dine at a curated collection of over 1,400 restaurants
  • elite status with major hotel loyalty programs including Marriott Bonvoy, Hilton Honors and others
  • access to the American Express Fine Hotels and Resorts program, which provides complimentary benefits at over 1,300 five-star properties worldwide valued at an average of $800 for a two-night stay
  • earn 2.25 Membership Rewards points per $1 spent on everyday purchases
  • transfer points to 10 airline partners, including both Qantas and Virgin Australia
  • access to over 1,400 airport lounges in more than 140 countries, including Virgin Australia lounges, American Express lounges, Priority Pass, Plaza Premium and more
  • top-notch travel insurance cover
  • The Australian and Wall Street Journal digital subscriptions
  • smartphone screen insurance, with up to $500 available twice a year for screen repairs (with a 10% excess)
  • up to 4 free Additional Cards for family members - they can enjoy some the card benefits in their own right, like elite hotel status, travel insurance, and one Priority Pass membership.

Annual fee: $1,450

To be eligible for the bonus points, you must not have held a card issued by Amex Australia in the last 18 months.

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

  • mahdoo on 10/01/2024 - 12:08
    +15

    Still waiting on 300k points..

    • nightelves on 10/01/2024 - 15:39

      Yeah same

    • James1990 on 10/01/2024 - 23:52

      Wasnt it 350k before?

      • hawkeye93 on 11/01/2024 - 01:50
        +2

        325k, i believe. That’s what i got last year.

        • twistedbow on 12/01/2024 - 17:18

          wonder if this deal will ever be back

    • IMBI3 on 11/01/2024 - 17:22

      You can now get 275k with some referral links

      • CyberHippy on 11/01/2024 - 18:31
        +1

        How?

        • IMBI3 on 11/01/2024 - 21:06
          +1

          Someone should be able to share their referral link. I don't have Amex Platinum unfortunately

          • dean-eth on 12/01/2024 - 07:11

            @IMBI3: Just tried, links are filtered and removed. But the 75k bonus is for the referrer, the referee gets 200k flat points.

            • vetopower on 12/01/2024 - 07:15

              @dean-eth: Presumably some referral links have an elevated offer for the referee. Need to make sure that you're getting the 275K points before hitting submit, obviously.

  • Archaleas on 10/01/2024 - 12:12
    +7

    that annual fee though

    • abs898 on 10/01/2024 - 12:40
      +4

      Worth the benefits

    • hawkeye93 on 10/01/2024 - 15:22

      Last year I got 325k points which can be converted to 4 Singapore airline business tickets to Southeast asian countries (like Vietnam). $1450 is completely worth it.

      • Archaleas on 10/01/2024 - 15:37

        From above "This converts to 100k frequent flyer points with most airline partners incl Qantas and Virgin" did you get around 150k Qantas / Virgin points from receiving 325k Bonus Membership Rewards Points? Seems a little light for 4 overseas business tickets?

        NAB Qantas Rewards Signature Card gets you 90k points and $295 annual fee which seems better?

        Unless its not just about the points

        EDIT: Just read comments further down and seems to be about a lot more than just the points

        • hawkeye93 on 10/01/2024 - 15:45

          325k Amex points converted to 162.5k Krisflyer miles (2:1 rate). Each ticket is 40.5k miles so that means 4 tickets. Did Amex change the conversion rate?

          • squarepants on 10/01/2024 - 15:54
            +1

            @hawkeye93: 40.5k miles is from Perth, Melbourne/Sydney etc. are 68.5k. SQ didn't change the miles required, but yes Amex changed the conversion rate. It's 3:1 now instead of 2:1. The 325k miles will only be worth ~108k miles now, if you haven't already converted them.

            • hawkeye93 on 10/01/2024 - 19:14
              +1

              @squarepants: Lucky that I converted already when the bonus reached my account.

      • adrianhughes1998 on 10/01/2024 - 18:41

        Hard pass. Got 320k velocity points thru churning other cards and paid about $150 all up in annual fees.

        Guess it may makes sense if you can utilise all you can on the card offers

        • hawkeye93 on 10/01/2024 - 19:13

          Yeah, but I was still waiting for that 12-18 month cooling off period to pass for other banks (NAB, citi, Westpac, St George,…), so just took this Amex card in the mean time.

          • adrianhughes1998 on 10/01/2024 - 19:21
            -1

            @hawkeye93: Some you can get by earlier. NAB was supposed to be 18mnths but I got one at 13 months

            • hawkeye93 on 11/01/2024 - 01:50

              @adrianhughes1998: You sure? Still got the bonus point?

              • adrianhughes1998 on 11/01/2024 - 02:07

                @hawkeye93: Yes, I got the bonus points. Was tipped by someone who commented that it had worked for them here on ozbargain and I tried and it voila, worked for me too.

                • hawkeye93 on 11/01/2024 - 14:27

                  @adrianhughes1998: But wouldn’t that be a risk as you don’t know whether you would get the bonus until after meeting the spending requirement? What if you don’t receive anything?

                  • adrianhughes1998 on 11/01/2024 - 15:24

                    @hawkeye93: It's got nothing to do with that mate. It's the card approval. They're gonna knock you back if you're not eligible for the card with their stated timeframes.

    • Mitch889 on 10/01/2024 - 19:43
      -1

      Tell me you haven’t done any research without telling me you haven’t done any research.

  • vetopower on 10/01/2024 - 12:20
    +1

    Some referral links are showing higher. 225K is semi-regularly showing.

    • kingboxing on 10/01/2024 - 12:52
      +1

      Which social media, can you share, thank you.

      • RTY on 10/01/2024 - 14:27

        It's not popular among Australians and I already got unfriendly comments, best to not say it then.
        I'm just disclosing the highest points I can see, you might get lucky if you check all the referral links and see which one is highest.

    • cantthinkofone on 10/01/2024 - 13:10

      What is this "social media" you speak of? You posted this on the Qantas deal as well, stop fishing for attention.

      • RTY on 10/01/2024 - 14:22

        I'm telling the highest points I can see, if you have a friend who's got amex you can also get a link with higher points. You need to calm down.
        This social media is Asian based so it's not popular here. I already saw 4 posts on it showing 275k bonus.

      • RTY on 10/01/2024 - 14:31
        -2

        BTW I posted on qantas deals because there wasn't a deal posted for platinum at that time and I want to know if there's impact on loan with another credit check. I don't see what's wrong to reveal that currently there are indeed higher points available but just different referral links give different points.

      • RTY on 10/01/2024 - 14:33
        -3

        Also, is ozbargain "attention" redeemable for cash or any $ value? LOL.

  • Maestrok on 10/01/2024 - 12:25

    i know they do a credit check for approval, but since this is a charge card, does anyone know if this will then be a consideration for other credit cards in the future? i.e. there would be nothing to declare for this card in "current credit limit" right?

    • FlyingPanda99 on 10/01/2024 - 12:35
      +1

      I am not sure if I understand it correctly, but I think the credit check process will be rigorous, below is the one of the Key information

      No Pre-Set Spending Limit.
      No pre-set spending limit does not mean unlimited spending. Your purchases are approved based on a variety of factors, including current spending patterns, your payment history, credit records, and financial resources known to us.

      • Maestrok on 10/01/2024 - 12:40

        yep the check to get this card is expected.

        I'm more wondering the impact after one's got the card. i.e. how would that "no pre-set spending limit" appear or impact future credit checks

        • Onemoredeal on 10/01/2024 - 12:44
          +1

          It’s a valid question, what happens when you go for a home loan? How does CBA calculate the amount of credit you hold like they would with a credit limit?

        • jhaley3180 on 10/01/2024 - 16:18
          +1

          I have two charge cards and have had for many years. They have never been included in any of my home loan applications and once when I asked the bank advised that given I cannot hold a balance charge cards aren't included in their credit checks… In addition when you check Ilion of other credit records they aren't included in your file.

          • dsx2 on 10/01/2024 - 18:56
            +1

            @jhaley3180: I recently went through this with uBank. They got a bit confused with the concept but in the end it didnt cause me any hassels.

      • conan2000 on 10/01/2024 - 22:04

        As others have said, this does not come up as an issue on loan applications as it's not a "credit" card. You have to pay in full every month.

      • a1k on 11/01/2024 - 07:51

        From AusFinance on Reddit, it seems that many people get approved without submitting much information at all.

    • abs898 on 10/01/2024 - 12:41
      +1

      Yes, it depends. I recently applied for another card and they had a seperate section to declare last statement of charge card.

      Otherwise in your credit report, it will only show a limit of $1

      • Maestrok on 10/01/2024 - 15:46

        this is excellent information to know.. Appreciate it!

  • maulmonk on 10/01/2024 - 12:34
    +2

    Whats everyone thoughts on this - are the regular bonuses worth it? The annual fee is awfully high..

    • His_Holiness on 10/01/2024 - 12:38

      If you travel a fair bit then yes. If not then the Explorer may be better suited.

    • abs898 on 10/01/2024 - 12:42
      +10

      Yes, only if you are going to stay luxury and travel a fair bit. Otherwise no!
      .it's very easy to make up for the 1500 fees.

      I listed the breakdown here https://www.ozbargain.com.au/node/820980

      Here's the breakdown:

      $450 travel credit
      $400 Dinning credit
      $400 Accor membership - 1 free night + we dined at several places which got us 50% discount.
      Amazon $84
      $150 Mr Porter, really didn't want it but because it was free credit, we used it.

      4 overseas trip- travel insurance retail was about $1600. I understand it might not match the top retail cover but platinum has a top credit card insurance.

      My phone screen broke - got paid $400ish for it

      Stayed at FHR hotels multiple times - got about $4k and over just out of this program

      Cashback offers- sure everyone else got it too on cheaper cards but it's still a value : $400-500

      Spent $150k on the card in a year so that's 337,500 Points. Cash value $1600rough. Airlines FF value atleast double or triple.

      Hilton honours and Marriott membership. Free breakfast at HH is a very good value

      There Virgin Membership too, I didn't get to use it much as I already have a status. But I was able to lend a card to my in-laws and they thoroughly used it. Technically that's 4x memberships if required.

      There's priority pass for 2 - valued at $500 each I think.

      There's plenty more to it that will easily add up. You have to tap into every aspect to get value out of it. But also it's fairly easy to just cover the fees

      • Woosta on 10/01/2024 - 13:11

        Thanks for that.

      • zoombie on 10/01/2024 - 14:44
        +1

        It's crazy that the business version of this card is lacking so much in benefits but cost more in annual fees.

        • abs898 on 10/01/2024 - 14:47

          But you also need to see, on an average Business card holders spend about 50k above per month, that's a lot of points.

          • zoombie on 10/01/2024 - 15:29

            @abs898: I don't see how that's relevant. The more is spent through the card, the more Amex also benefits as they get a cut off the fees that are charged by banks for accepting Amex.
            The product in this case is Platinum and there's a bunch of benefits that makes it a "Platinum" card and Amex charged a premium for it, that's fair enough. But you can't market the same product to business clients, charge more for annual fees and offer way less benefits.

            If you look at the US Amex business platinum, it offers similar benefits in value compare to their consumer card.

            • abs898 on 10/01/2024 - 15:41

              @zoombie: The product you are looking at is AU Platinum Personal.

              Platinum Personal and Platinum business aren't the same product just because they have platinum attached to their name.

              You can say the same thing about electricity, internet and literally any other utilities where offers and price is different for business customers.indont see this being any different. Cost is higher for business customer because their throughput is higher.

              I am not going to comment on the US market because it's saturated there and in AU market there is no other card that comes even within a mile, so they have a monopoly.

      • ninnypoop on 10/01/2024 - 15:00

        Thanks for the break down. Is it also worth considering the fees incurred from using amex?

        Is it fair to say that amex attracts an additional fee above what you would see with other cards.

        Even an additional 1% would be 1.5k on your $150k spend.

        • abs898 on 10/01/2024 - 15:02
          +2

          Not really, most bigger stores don't charge any eg woolies, Coles, none of the shopping stores either.

          With Amex's shop small program, even cafes around the corner get subs from amex and they don't pass on any extra cost.

          I would say it would be about $500 on what I spent in a year. You get points on that 500 too. Still has been worth every surcharge paid.

          Most places that would pass on the surcharge, in my experience would also charge extra for any kind of credit payment. So it could be something like 0.9% for Master Visa and 1-1.5 for Amex. Again really varies.

          • Onemoredeal on 10/01/2024 - 21:07
            +1

            @abs898: Not in reality , other than supermarkets, department stores are servos, you get belted still, most small business charge over 1% to use Amex or they don’t accept at all, lots of pubs belt you for using it now

            • Randolph Duke on 11/01/2024 - 08:33
              +1

              @Onemoredeal: In my experience most places these days charging an AMEX surcharge apply the same amount to VISA and Mastercard.

              Acceptance in general is much better than a few years ago

              • abs898 on 11/01/2024 - 16:32

                @Randolph Duke: Agreed. If a place is passing on the surchargez they will do it for visa and MasterCard too. Maybe slightly lower but marginal.

              • Onemoredeal on 11/01/2024 - 21:05

                @Randolph Duke: Only places using square charge the same rate as the rate is fixed for all cards, any other business charges you the Amex rate which is always at least 0.5% higher, and to suggest otherwise is wrong . I have an Amex

      • djkelly69 on 10/01/2024 - 18:22

        I thought Mr Porter was being scrapped from this calendar year?

        • abs898 on 10/01/2024 - 19:01

          Yeah it has, it's an old comment I copied over

      • Hellcat on 10/01/2024 - 21:19

        Sounds great so far. Regarding supplementary card what facilities dose your in-laws get. If you can list it like above that would be great.

        • abs898 on 10/01/2024 - 21:59

          None of the credits obviously as they are for the primary card.

          They get all hotel statuses, FHR, biggest is Virgin lounge access.

          • Hellcat on 10/01/2024 - 22:53

            @abs898: Ok. Only for virgin lounges? Not Priority pass? Or Accor?

            • abs898 on 10/01/2024 - 22:55

              @Hellcat: Accor is only for primary, PP for Primary + 1 Supplementary

      • CereaL on 11/01/2024 - 02:17

        @abs898
        What’s this about?

        There Virgin Membership too, I didn't get to use it much as I already have a status. But I was able to lend a card to my in-laws and they thoroughly used it. Technically that's 4x memberships if required.

        I haven’t seen anything Virgin related in their offers before…..

        • abs898 on 11/01/2024 - 04:22

          You can use VA Domestic lounge as much. VA sells this as a membership too for about#400-500 , can't remember the exact amount

          • IMBI3 on 11/01/2024 - 08:36

            @abs898: Your in-laws can access virgin lounge using the platinum card in your name? Wouldnt they check the name on the card against their boarding pass?

            • abs898 on 11/01/2024 - 08:56

              @IMBI3: I gave them a supplementary card! duh!
              4 memberships via 4 sup cards

              • CereaL on 11/01/2024 - 16:29

                @abs898: Correct me if I’m wrong but you need to be flying Virgin to access yeah?

                I don’t think they will like if you have a Qantas ticket

      • majuks on 11/01/2024 - 14:42

        I would like to add

        There's also up to 10% off business flights if booked with amex travel.

        Plus, for older members like me I get the $400 travel credit with Reserve.

        And for some professions, like the AMA AmEx platinum or the charted accountant version of it, the annual fee is only $1250.

        Also I got the Platinum Edge with annual fee of $149 via AMA, but the travel credit is $200, annually.

      • Sir Mittens on 12/01/2024 - 19:37

        In regards to the supplementary cards, do you know if they are able to also gain access to the Centurion Lounges + bring in 2 Guests like the Primary Cardholders can?

        • abs898 on 12/01/2024 - 20:20
          +1

          Yes 2 guests OR immediate family (spouse and children under 17)

  • kingboxing on 10/01/2024 - 12:51

    I am interested in this card, but I didn't find the card name in REFERRAL LINKS. Which link is for AmEx Platinum Charge?

    • meowmeowmeow on 10/01/2024 - 13:25

      the one that says AMEX Platinum

    • SeaWolf au on 11/01/2024 - 11:09

      It's just called simply "Platinum Card".

  • ZippyRoo on 10/01/2024 - 13:13
    +2

    I have this card. The benefits are pretty good and justifies the annual fee. Even without the card, we would probbly dine at the eligible restaurants once a year, and travel once a year, plus the Accor Plus membership, Priority Pass, and other hotel benefits, we actually get a higher value than the annual fee. I'm not a mortgage expert but I believe since it is a charge card, it does show up on your credit report but it doesn't affect your borrowing power? We took out a new loan in late 2022, and I closed a lot of credit cards to get the loan approved. Tried to get a new card with airport lounge access after that as we were going overseas in mid 2023, but kept on getting declined. Went with this card and got approved within days and have been happy with it so far.

    • lyoo01 on 10/01/2024 - 14:18

      That's an excellent point. Would be good to see if mortgage experts can weigh on the supposed benefit of holding a charge card.

      • abs898 on 10/01/2024 - 14:48
        +3

        My broker didn't bother as it's not a credit card and has to be paid at the end of the cycle. They take credit card as an unsecured loan.

        • lyoo01 on 10/01/2024 - 14:49

          That's awesome :)

    • Maestrok on 10/01/2024 - 15:48

      thanks for the info..

      Have you maintained the card post bonus year? If so wondering if the fees are still worth it without the bonus points.

      • ZippyRoo on 10/01/2024 - 16:10
        +1

        I haven't reached my one year anniverary yet, but I plan to keep it as the benefits renew yearly. The annual fee can be completely offset by the annual benefits provided by the card, the bonus points was just a nice signup addition.

      • abs898 on 10/01/2024 - 22:56

        I have had the card for over three years, was a bit useless during covid but now it's worth every cent

      • jdi11a on 11/01/2024 - 00:33

        Bonus points aside, if you can afford at least 1 holiday per year, then it is worth keeping the card as it's very easy to make back the annual fee through claiming the travel credits, Accor complimentary hotel stay and lounge passes and dining credits.

        If that holiday happens to be overseas, to a location that's covered by the Amex international dining credits as well as an Accor Plus hotel, then even better. The more you travel the more benefits you get back from lounge passes and travel insurance.

        Also it's a good conversion rate for QFF points at 1.125pts/$ spent in Australia uncapped. There are some cards that will earn 1.5 or 1.25 QFF pts/$ but they all have a cap before the earn rate reduces to 1pt/$. It's a decent daily driver card and holds it's utility value after the first year.

  • sinnerman on 10/01/2024 - 15:05
    +1

    What's the minimum salary be for this card ? or does it not matter since it's a charge card ?

    • skyviewer on 10/01/2024 - 15:17

      Commonly saying is $100,000

      • hawkeye93 on 10/01/2024 - 15:23
        +2

        Strange. I’m on sub 65k and got approved automatically last year.

    • wine on 11/01/2024 - 16:59

      My friend on $70k was auto approved without being asked for any documentation

  • freddiewanah on 10/01/2024 - 15:19
    +1

    I've been using this card for nearly a year and the benefits it provides to me are much more than the annual fee for sure. I also found that the bonus points do not conflict with the Amex Qantas card offers.

    • lyoo01 on 10/01/2024 - 17:41

      What does this mean? Did you get 2 amex cards and bonus points for both?

  • bert999 on 10/01/2024 - 15:24

    Assuming this is the unlimited tier, I've been using the priority pass and can vouch that it's worth around $500 each (worth the annual fee if it is indeed available for each additional cardholder too!) - with I've already done 20 redemptions over 5 flights as this is also available at selected food/drink retailers (not just lounges).

    • abs898 on 10/01/2024 - 15:43

      It's the unlimited tier, works as a premium version when a lounge entry has multiple tiers.

    • Nuggets on 10/01/2024 - 16:16
      +2

      Priority pass through Amex does not give you credits at food and drink retailers.

      Source: my partner has this card.

      I have the Citi Prestige and it does give the food and drink benefit.

    • ZippyRoo on 10/01/2024 - 16:18

      The Priority Pass is for the primary card holder and one other additional card holder. You have to call up to get the memberships, it's not an automated/self filled form process. Also this particular membership is only for lounge access, you can't use it to redeem food and drinks at selected airport outlets.

    • IMBI3 on 10/01/2024 - 19:21

      How did you get free drinks outside the lounge network?

      • majuks on 11/01/2024 - 14:45

        You get cards that does, like Citi Prestige

  • seniordoc on 10/01/2024 - 16:06

    if I have a AMEX explorer card, am I still eligible to get the bonus point?

  • cuy on 10/01/2024 - 16:10

    Automatic rejection (called up and theyve confirmed)…. second time i applied, no difference. Well above / double the min income. Must be the frequent churns from other banks.

    On the bright side, i saved $1450

    Ill probably not bother in the future with amex anymore

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