Is Amex Platinum Card Worth It? A 5 Year Review (2024)

After 5 years with the Amex Platinum card, and paying almost $3500 in annual fees over that time, I still find it to be the card that gives me the MOST benefits by far. From points giving amazing value, to tons of credits, amex offers, statuses, lounge benefits, and more, the card offers a variety of ways to justify that annual fee

In this video, we break down everything about the Amex Platinum card, including how I leverage every perk it offers, as well as tips on how to SAVE money on your fees every year!

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The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Kevin Yang is not a financial advisor. The ideas mentioned in these videos are for entertainment and education purposes only, not financial advice. Please conduct your own research before making financial decisions.

[KevinYang]

Do you have the American Express Platinum card? What are the top perks and benefits of the card that you use most?
CORRECTION: 2:28 should be an American Express PERSONAL card

[heighyew]

This video is very much appreciated. I almost bit on a 150, 000 platinum offer, but I've never had a gold amex, so u think I'll wait.

[MattWelterOfficial]

Love to see how much value you've gotten from the Plat over the years Kevin! Even though $3500 in 5 years is a lot, it doesn't really matter what an annual fee is, as long as you get more than the fee in value every year. Totally understand in your case with your multi-week international trip, that some things like the Hotel Credit or Airline Fee Credit weren't able to be maximized. However, things change year-year, and so it's why it's always a great idea to reevaluate every year. That's awesome that you've been able to get 2 Retention Offers throughout the years too, and are able to take advantage of lowering the effective fee with Corporate Cards as well. Great video as always Kevin!

[MikeMaye]

I have the Schwab Platinum and I definitely get value which more than justify the AF. I get a total of $940 in value every year..This is a card that will stick around for a while. Great vid Kevin💥

[AngelsBjj]

My understanding was that you only get the 5x points on flights and hotels IF you order through Amex. Ordering the flight through the airline directly gets your those extra points?

[martin]

I just got an offer for 175k points. I have the blue card ( I had mentioned to AMX I was going to get rid of it). I think the offer is contingent that I keep that? I haven’t read the fine print. My spending seems fairly similar to yours. Travel a few times a year. Can only afford one or two “big” trips and a few long weekend trips a yr. To get value seems like a bit of work. Rakutan, Upside…not sure I want to add more to the equation. Probably “only” charge 2k a month so I like to accumulate points in one system. I get so much value transferring chase points to Hyatt…it’s tough to complicate that. 175k though is a lot of points. I have an AmX corporate card is a discount off of the annual fee something u have to ask for. They don’t give it to me on my Blue card.

[twoweeledsoto]

Great review! Super informative. But I think I'd better look at the Gold card option first. I am looking between this and Sapphire reserve. I have preferred now. Lounge accommodations don't seem very good at LAX (right now).

[bluensx]

No it’s not worth it. Not worth the coupon book and coupon book mentality that it has become. I gave it up and jumped over to chase sapphire reserve.

[thewzrdharry]

Is it possible to go from Blue Cash Preferred to Gold to Platinum and get welcome bonuses each time? And do those need to be new cards or upgrades from the previous one?

[whitejodeci]

Which card would you recommend for concierge services?

[rayshawnbedell]

After watching many different credit card YouTuber videos, I’m starting to come to the conclusion that the platinum card is the best credit card for the value but the ability credit churning the card is turning people off. I don’t think the target market for this card is people that want to get the most points back but is for people who want to add extras on what they already do, like the streaming credit comes in handy, the $200 airfare credit you really need to travel once to get value, and add the $200 hotel credit to knock $200 off that trip.

[druiz]

Nice Review Kevin. Its too bad Amex has made it more difficult to get SUBs. I dont have a platinum (any amex for that matter) but I'm always curious on how those who do use/value it. So far I have been able to accumulate enough points each year W/O Amex.

[Jason_Canada]

I worked hard all my life and had a american express employee steal everything from myself and children . JEREMY TEBBY ..DAD WOULD BE ASHAMED OF THE MAN YOU TURNED OUT TO BE