The Platinum Card® from American Express is packed with features. The annual fee is $695 ( Rates and fees), and if you can take advantage of its benefits, you could be worth more than $1,000 a year.
This card has so many benefits that some of them may get lost during the shuffle. You probably already know about the big names, like airport lounge access and travel credits. Terms and conditions apply. But there are also some unique perks that are rarely discussed and are worth knowing about.
1. Companion Platinum Card for $0
You have two options when adding authorized users to your account. Platinum cards can be added for $195 each. It can be expensive, especially if you have multiple people you want to add to your account.
Another option is to add a companion Platinum card. Add as many as you need at no cost.
The Companion Platinum Card doesn't have as many benefits as the Additional Platinum Card. For example, it does not include access to its own lounge. However, they have Up to $100 in Global Entry/TSA PreCheck credits every four years. Adding a user authorized in this way allows that user to cover the cost of a Global Entry or TSA PreCheck membership. Terms and conditions apply.
2. Save money on airfare with international aviation programs
If you frequently book expensive international flights, an international airline program may be helpful. This program is available to Platinum Card® members. it provides When you fly internationally, you have exclusive access to low fares in Premium Economy Class, Business Class and First Class. Platinum Card® members may purchase up to eight tickets per reservation as long as they are traveling on that itinerary. Terms and conditions apply.
Savings vary, and international programs may not always have the lowest prices. We recommend comparing prices first. However, online research showed that international airline programs were offering discounts ranging from $500 to more than $1,000 on some airfares.
When booking through our international flight program, you can pay with cash or American Express Points. When you pay with points, each point is worth $0.01. Terms and conditions apply.
Booking travel this way usually doesn't make the most of your points. Like many other travel points cards, you can get the most value by transferring your points to airline and hotel partners. But if you have enough points, it might be worth using them to book a flight with cash.
3. Walmart+ credits — also earn Paramount+
One of the many payment credits on this American Express card is $155 Walmart+ credit. When you pay for your monthly Walmart+ membership using The Platinum Card® from American Express, you'll receive a statement credit covering the full amount ($12.95 plus applicable taxes and fees) each month. Terms and conditions apply. Registration required.
You may already know about its perks. If not, it's worth using. Walmart+ includes free delivery. Walmart has very low prices, so it's a great way to save money while getting your groceries delivered to your door.
Another benefit that many people don't know about is: Streaming service Paramount+ is included in Walmart+. Get it for free when you subscribe to the Paramount+ Essential plan (usually $5.99 per month) through Walmart+. That means you get two subscriptions for a price of $0.
A long list of valuable benefits
Remember, these are just a few of the many benefits the Platinum Card® from American Express offers. If you're considering applying for this card, take the time to review the card's features.
Some people find this card perfect to a tee. Others not so much. If so, you might want to take a look at The Ascent's recommended credit cards to find a card that's more suitable for you. But if the features fit your lifestyle and spending habits, this card could save you quite a bit of money.
