Are you tired of getting a credit card that meets only most of your simple needs? There is the American Express Platinum Card and getting one would be helpful if you fall under the category described above. Offering literally everything one can imagine in terms of perks and bonuses, it is suited for people who do not wish to waste any of their time. 

Ranging from free travel and accommodation to getting points for movies and games, this is a card that opens an entire universe of opportunities. Now, let us explore why this card is preferred by so many and how it is possible to turn common activities into a very special event.

Main Features of the American Express Platinum Card

American Express reports is a company that has been doing business in America and around the world for a long time and it has line of credit card services with excellent customer care service. This card is issued to the clientele with high spending power who crave exclusivity and convenience of the services.

Especially good for travelers and those who prefer the best: the app is filled with features that make life less complicated and more pleasant. From getting access to airport lounges to travel credits and even dining privileges, the Platinum Card is for a classy audience. But this is not all, the card provides many purchasing features such as purchase protection and extended warranty besides the lavish privileges investors are to enjoy.

Understanding the Annual Fee 

A very important consideration that one has to make when considering its option of applying for the “American Express Platinum Card” card is its charge, which is an annual fee of $695. Although this may sound rather high, the numerous advantages of using the card can easily compensate for the cost of getting this card.

Deciphering Credit Limits

Unlike many credit cards that have a set credit limit, this one does not. Its credit limit depends on various factors. Credit score, income and financial condition are taken into consideration in order to assess the possibility of repayment by the consumer as viewed by American Express. 

Advantages of the American Express Platinum Card

• $200 Hotel Credit: Book prepaid hotel bookings through American Express travel up to $200 back in statement credits annually.
• $240 Digital Entertainment Credit: Get up to $20 back as statement credit per month for the subscription to Disney+, Hulu, The Wall Street Journal and more.
• The Global Lounge Collection: Enjoy more than 1400 lounges in airports from all over the world.

Standout Advantage

The first bonus feature of the American Express Platinum Card is clearly the bulk of travel perks. The Independent Brand presents a wide range of access to more than 1,400 lounges in the airports of the entire world and comfortable and luxurious atmosphere waiting for you before your flights. 

Addressing Potential Drawbacks

• High Annual Fee: The high annual fee of $695 may also be an issue off discouraging some users into applying for the card.
• High APR: The exact payable factor that is due to the Pay Over Time feature is the variable APR that ranges from 21. 24% to 29. 24%, and should be avoided if possible because the interest charges can pile up quickly if you transfer a balance.
• Complex Benefits Structure: This way, the list of benefits and credits might be rather impressive and can be overwhelming in some cases; it will be reasonable to focus on choosing the most effective solutions to make the most of such opportunities.

Standout Disadvantage

The main disadvantage, which has to be mentioned, is high annual fee associated with the American Express Platinum Card. It may be known as one of the exclusive cards today because it comes with a hefty price tag of $695. On the other hand, the benefits which are associated to using the credit card can offset this particular cost, depending with the extent of use that you will be putting on the card.

Eligibility Criteria 

To qualify for the platinum card, there are requirements that one has to meet when filling the American Express Platinum Card. As for the credit record, the score should be good/excellent, generally starting from 700 and more. It also takes into account no regular income and general financial status of an individual. 

This payment card is for persons who can take optimum advantage of these privileges hence requires the determination of whether the defined usage is in tune with the card. Also, you are required to be of at least 18 years of age and a bona fide resident of the United States of America.

How to Apply for the American Express Platinum Card

It is relatively easy to apply for the American Express Platinum Card and here is the procedure that a cardholder needs to follow. Online, it is possible to apply through the official website of American Express, using the mobile application and going through the application by contacting the company directly through one of the branches of American Express.

Via Website

Probably the simplest way is to fill in the application form on the official website and become an owner of the American Express Platinum Card. One can go to the home page of the American Express website and navigate to the Platinum Card section of the website where they can activate the application process by clicking on the “Apply Now” button. 

In this step you will complete application form where you will have to provide personal and financial details. Completing the application, American Express checks it, and in most of the cases gives the decision in several minutes. 

If approved, you can begin to utilize your card online using an electronic card even though the physical card is in the process of being mailed. This method enables you to apply from the comfort of your home and get a response within a short time, thus internationally preferred.

Through the Mobile Application

Another neat and swift means of applying for the American Express Platinum Card is through a mobile application which is offered by American Express. Look for the app in your device’s app store, sign up for an account or if you have one login, go to the Platinum Card part. As to the application process, it is rather the same as the website method, where you are to provide all the necessary information about you and your financial status. 

Through the Store/Branch

However, despite the fact that American Express is much more inclined towards online services, the Platinum Card may still be applied for in person, at some centres. Go to any office of the American Express or any affiliated firm that deals in the above products. A representative will assist you to fill the application forms by providing relevant information where you will need probably to produce a form of identification.