|American Express Platinum Travel Credit Card Rating|
|Reward Points ★★★★|
Annual Fee ★★★
Travel Benefits ★★★★
Offers & Discounts ★★★
|Overall Rating ★★★|
The one thing we can say for American Express Platinum Travel is you can spend more and save more simultaneously. This one of a kind credit card is tailor-made for frequent travellers. American Express Platinum Travel credit card is perhaps best for the travellers only because of its reward rates and bonus points on travelling. Think you can fit the travel category? Read our review of American Express Platinum Travel and why we think this is one of the best cards when it comes to travelling.
Key Highlights of American Express Platinum Travel Credit Card
It’s all about Rewards!
American Express Platinum Travel is loaded with benefits on reward points. So not only you get travel benefits but reward points too, making it pretty impressive. Here is what earning reward points with American Express Platinum Travel credit card looks like:
|American Express Platinum Travel Reward Points|
|Welcome Gift|| |
You get a welcome gift of 5,000 bonus membership reward points on spending Rs.5,000 within the first 60 days and the good part is you can easily redeem them for travel vouchers worth Rs.4,000.
|Reward Points||Keeping the welcome rewards aside, you also earn 1 reward point on every Rs.50 spent on all transactions except fuel, cash and utility payments.|
|Bonus Membership Reward Points||On spending Rs.1.9 lakh in a year, you will earn 7,500 milestone bonus membership points which can be redeemed for travel vouchers worth Rs.6,000 along with 3,400 regular reward points which also can be redeemed for travel vouchers worth Rs.1,700.|
On spending Rs.4 lakh in a year, you will earn 10,000 milestone bonus membership reward points that can be redeemed for travel voucher worth Rs.10,000. Additionally, you will earn the 3,600 membership reward points which can also be redeemed for travel vouchers worth Rs.1,800.
As you can see in the table above, you will earn a lot of reward points with American Express Platinum Travel card. The good part being, if you don’t wish to use the travel vouchers, you have the option of choosing other options from the bank’s catalogue.
Other Benefits on Amercian Express Platinum Travel
Taj Experience E-GIFT Card
This e-gift card from American Express is ideal for people who go to Taj Hotel chain frequently. To enjoy this benefit, you need to spend Rs.4 lakh in a year and the Taj voucher worth Rs.10,000 will be mailed to you. This voucher will be applicable for stay only at Taj, Vivanta and Gateway hotels in India.
Complimentary Airport Lounge Access
Frequent Flyers can enjoy 4 complimentary airport lounge visits per year (limited to one complimentary visit per quarter)
On the other hand, this is where HDFC Regalia takes a step ahead. IT comes with 12 complimentary visits to airport lounges in India which makes HDFC Regalia a better choice for airport lounge access.
Is Rs.5,000 Annual Fee worth it?
Given the travel benefits with American Express Platinum Travel card, we think the card fee can only be justified if your expenditure is between Rs.1.9 lakh-Rs.4 lakh in a year. Not only will you receive the reward benefits but will also end up saving a pretty decent amount on your spending. So, with travel and reward benefits, spending Rs.5,000 should not be a bad decision.
|Joining Fee||Rs. 3,500 + Taxes|
|Annual Fee||Rs. 5,000 + Taxes|
|Supplementary Card Fee (per annum)||Nil for up to 2 cards/ Rs. 1,500 afterwards|
|Interest-Free Period||51 Days|
Who should go for American Express Platinum Travel?
You should apply for American Express Platinum Travel if your answer to the below questions is YES:
1. You are looking for a travel credit card
2. You prefer earning reward points over cashback
3. A high annual fee doesn’t bother your finances
Pros and Cons of American Express Platinum Travel
|What we liked||What can improve|
|The reward points on this card are massive. Perhaps one of the best cards with reward points.||Number of airport lounge visits could perhaps increase as other travel credit cards have better airport lounge visits within the country|
|Travel benefit vouchers are good too for people who travel a lot and prefer to stay with Taj Hotel.||We would want to see more benefits on entertainment, in fact there aren’t any.|
|The reward points earned can easily be redeemed by choosing other items from catalogue, giving a free hand to cardholders.||No annual/joining fee reversal comes with American Express Platinum Travel credit card.|
Owning American Express Platinum Travel credit card has some great advantage and privileges. However, you might find annual and joining fee a little tight on your pocket.
The fee might differ for other cards that perhaps come with same or better benefits. The other travel cards might offer you a better deal in terms of the privileges but their annual fee would be higher than American Express Platinum Travel card. Similarly, cards with more benefits on airport lounge access, golf and other premium services might also not turn out to be expensive but having said that, the travel bonuses indeed make American Express Platinum Travel stand out than rest of the travel credit cards.
If you feel the annual fee of this card might not be your game, you can give HDFC Regalia a chance since the reward rate and premium benefits are on the same page but it might be lighter on your pocket.