American Express Platinum Card
Apply by 25 June 2024

American Express Platinum Card

Balance transfer


Purchase rate


Annual fee

$1,450.00 p.a. ongoing


  • Acquire 150,000 Bonus Membership Rewards Points by applying before 25 June 2024, getting approved, and spending $5,000 on your new Card within the initial 3 months. T&Cs apply. Exclusive to New Amex Card Members.
  • Utilize a $450 Platinum Travel Credit annually for flight, hotel, or car rental bookings.
  • Indulge in up to $400 per calendar year when dining at a curated selection of over 1,400 hand-picked restaurants, both domestically and internationally. Terms and Conditions apply.

Pros and cons


  • Receive 150,000 Bonus Membership Rewards Points when you meet the criteria.
  • Receive a $450 Platinum Travel Credit each year.
  • Enjoy up to $400 Global Dining Credit per calendar year.
  • Access to more than 1,400 lounges globally, including The Centurion® Lounge.
  • Get the Amex Experiences App to access information on Platinum benefits, travel offers, events and recommended merchants.


  • The annual fee of $1,450.

About this credit card


Card usage

Apple Pay Enabled
Card Type
American Express
Gambling Transactions Allowed
Samsung Pay Enabled


Joint Application Accepted
Minimum Age
18 years
Minimum Credit Rating
Fair, Good, Very Good, Excellent
Minimum Income
Temporary Residents Accepted

Additional cardholders

Additional Cardholders
Additional Card Fee Ongoing

Credit limits

Minimum Credit Limit
Maximum Credit Limit


Interest Charged From
Statement date
Interest Free Period
Up to 44 days on purchases
Minimum Repayment Percentage

Balance transfers

Balance transfer offer

Balance Transfer Rate
Balance Transfer Period
Balance Transfer Fee Percentage

Balance transfer conditions

Balance Transfer From Personal Loan
Balance Transfer Limit Percentage
Balance Transfer Revert Rate

Rates, fees, charges

Cash advances

Cash Advance Rate
Cash Advance Fee
Cash Advance Fee Percentage
Cash Advance Fee Threshold


Purchase Rate Introductory Offer
Purchase Rate Introductory Period
Purchase Rate Ongoing

Account fees

Annual Fee Initial Year
Annual Fee Ongoing
Dishonour Fee
Duplicate Statement Fee
Foreign Exchange Fee Percentage
Late Payment Fee


Rewards program basics

Rewards Program
Membership Rewards
Rewards Program Annual Fee Initial Year
Rewards Points Expiry

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
Government Rewards Points Earn Rate
Overseas Rewards Points Earn Rate

Additional perks


Cardholder's Domestic Hotel Burglary Insurance
Cardholder's Extended Warranty Insurance
Cardholder's International Travel Insurance
Cardholder's Interstate Flight Inconvenience
Cardholder's Personal Item Theft Cover
Cardholder's Price Protection Insurance
Cardholder's Purchase Protection Insurance
Cardholder's Refund Protection
Cardholder's Transport Accident Insurance

Travel and lifestyle

Airport Lounge Access Included
Concierge Service Included
Complimentary Flight Voucher Included
Complimentary QFF Membership Included

Our review


Customer service

Rates and fees



Almost anyone can have a credit card. But not just anyone can have an American Express Platinum Card.

For a start, there’s a very high minimum income requirement. Then there’s the extremely high annual fee, which may deter even some high-income earners. But once you jump over those two hurdles, you enter a world of prestige and privilege with a seemingly endless list of benefits. Amex has bent over backwards to make you feel special.

A charge card, not a credit card

This is not a credit card, so there’s no messing about with interest rates and balance transfer options. There’s no effective interest rate because there’s no minimum payment opportunity. You will be required to pay off the total amount of your purchases on the card each month, so don’t choose this card unless you are willing and able to do so. But because of the monthly billing cycle, you will in fact get up to 44 days of credit each month, interest-free. Up to four supplementary cardholders can be included in your account without paying additional annual fees.

Great rewards program and potential for a huge number of bonus points

One of the best things about this card is the membership of the American Express Ascent Premium Membership Rewards program, the highest level available for an Amex personal card. And by reaching an easily achievable spending target in the first three months of holding the card, you will earn a very large number of bonus points. It would be a great kickstart to points earning for Amex first-timers, and you could even make an early redemption for a substantial item.

You won’t qualify for the bonus points if you have held an Amex card in the previous 18 months.

Lots of points redemption options

The lower levels of Amex Membership Rewards don’t allow you to transfer your points to the Qantas Frequent Flyer program, but as an Ascent Premium member, you will be able to do this. You can transfer your points to the Qantas Frequent Flyer program, Virgin Australia Velocity Frequent Flyer, Etihad Guest, Virgin Atlantic Flying Club, Singapore Airlines KrisFlyer, Air New Zealand Airpoints, THAI Royal Orchid Plus, Malaysia Airlines Enrich, and Cathay Pacific Asia Miles.

Points can also be transferred to two ‘Frequent Guest’ programs: Hilton Honors and Marriott Bonvoy.

Alternatively, you could use the points for other forms of travel through the Amex Platinum travel service, to shop at David Jones online, for gift cards to use at major retailers, or convert them into cash credit against your card account balance.

Easy-to-understand points-earning system

The points-earning system for this card is quite simple and very rewarding:

  • 2.25 points on all purchases, except
  • 1.0 points on spending with government bodies

There’s no points threshold or cap, and points never expire as long as your card account is current and in good standing.

Valuable travel benefits

Amex knows that prestige cardholders are regular travellers, so there is a long, long list of tempting built-in travel and entertainment benefits:

  • Every year you get a $450 Platinum Travel Credit, redeemable against airline, car hire, and hotel bookings for yourself or anyone else you choose.
  • Complimentary access to American Express Global Lounge Collection. Over 1,400 lounges in more than 140 countries, including Centurion, Priority Pass, American Express, Virgin Australia, Delta Sky Club, and Plaza Premium airport lounges, for the primary cardholder, and in most cases one supplementary cardholder and one or more guests.
  • Complimentary enrolment into the elite tier of Radisson, Marriott, and Hilton hotels.
  • Membership of Fine Hotel & Resorts program, providing upgrades, complimentary benefits, and preferential treatment at luxury hotels worldwide when booked through the Platinum Travel Service. Amex estimates this to be worth more than $800 per year.
  • Complimentary access to Accor Plus membership, valued at $399 per year, for 1,100+ hotels in the Asia-Pacific region.
  • Membership of the Platinum International Airline Program, offering up to 20% discount on first and business-class fares with leading airlines.
  • Complimentary worldwide travel insurance and shoppers insurance.

More details about the free insurance cover

As you would expect with a card of this high status, there’s a host of built-in insurance policies with above-average features.

  • Comprehensive travel insurance cover at a superior level, including medical emergency expenses, repatriation if necessary, hijack and kidnap cover, baggage, money, and documents cover, loss of income cover, and cancellation cover. Travel insurance cover is extended to up to four supplementary cardholders when return fares are paid for with the card or Membership Rewards points.
  • Travel inconvenience cover for delays, missed connections, and luggage problems.
  • Transport accident cover for when you travel on public transport, including waiver of your card account balance if you suffer a transport accident.
  • Loss and damage waiver cover for car rental of up to AUD125,000.
  • Buyer’s advantage, which extends manufacturer’s warranty by up to 12 months (but note that it excludes toys, electronic games, and motor vehicles).
  • 90 days purchase protection against loss, theft, or damage for items bought with the card.
  • 90 days refund protection cover if a retailer refuses to accept a return of an unused item purchased with the card.
  • Smartphone screen insurance for up to $500 in screen repairs, for phones purchased with the card.
  • Platinum Assistance Services, provides legal assistance, roadside assistance, and home assistance in emergency situations.

As you would expect, the travel insurance cover is activated by paying the full fare for your trip with your card. But you can also activate it by paying the fare with Amex Membership Rewards points or with any type of rewards or frequent flyer points provided you use your card to pay the associated taxes and surcharges for the booking. Also, if you can prove that the travel merchant would not accept Amex cards, meaning that you had to use another means of payment for your fare, you’re still covered.

The insurance cover provided with this card leaves almost nothing to chance and is extremely generous in many of its provisions, appropriate to the probable high-end lifestyle of the typical cardholder.

Even more benefits

The card’s privileges don’t stop at travel benefits. Some of these additional benefits may be subject to change, but at the time of writing they also include:

  • Complimentary Premium Subscription to The Australian for all your devices, including access to The Wall Street Journal and other exclusive material, plus special virtual events.
  • Amex Offers, constantly updated discounts, and bonus points offers from your favourite brands and entertainment.
  • Centr by Chris Hemsworth, complimentary 12-month subscription.
  • Dedicated Platinum Card Services gives you priority assistance with account enquiries, points redemption, additional cards, or emergency replacement cards.
  • Online Fraud Protection Guarantee gives you confidence that you won’t be held responsible for unauthorized charges.

Is there any competition?

This card is really in a class of its own because of the high rewards earning rate, the flexibility to transfer to other reward schemes (including, particularly, Qantas Frequent Flyer), and the truly valuable complimentary travel, insurance, and other benefits. But if the extremely high annual fee is just too much, you could take a look at other high-income cards, such as the NAB Qantas Rewards Signature Card, the Westpac Altitude Black Credit Card, or the St. George Amplify Signature Credit Card, all of which have fewer benefits but significantly lower annual fees.

Why should I want this card?

If you’re a well-heeled frequent traveller who likes to enjoy life’s luxuries as well as the peace of mind provided by exceptional travel and purchase insurance cover, the high fee should not be too difficult to justify, especially in the first year when the significant number of bonus points easily covers the fee is used to maximum advantage to purchasing Business Class flights or even First Class upgrades.


Reviewed by Credit Card Compare Staff

User reviews


Customer service

Rates and fees



Very pleased with AmEx

Reviewed by SL

Rewarding for high volume use

Reviewed by Tell it like it is

Very pleased with card

Reviewed by Andy

Good rewards but not accepted everywhere

Reviewed by D

100k sign up bonus

Reviewed by Dan

Reliable and the fees are great

Reviewed by Anne


Reviewed by Steven

Great for earning extra Qantas points

Reviewed by Neil

One of the best in the world

Reviewed by Michael

Great product for a busy and luxury lifestyle

Reviewed by Bingxuan

Great offers

Reviewed by Mike

Earned enough points for two overseas flights

Reviewed by Bianca

Best card I have ever used

Reviewed by Harpreet

Not a lot of shops take AmEx, or they add on a fee

Reviewed by Linda

It's good, but I can't use it everywhere

Reviewed by Callum

Great for travel insurance

Reviewed by Katie

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