Why The Amex Platinum STILL Destroys The Competition

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All of a sudden, it seems like the American Express Platinum has become way less popular and is honestly being overshadowed by other premium Cards like the Chase Sapphire Reserve & Capital One Venture X.

People are frustrated with American Express & the Amex Platinum, and I mean I myself even made a video a couple months ago talking about why you should NOT get this Card.

So, in this video, I am going to uncover exactly why the Amex Platinum currently has somewhat of a negative sentiment, which includes the $695 annual fee and the coupon book like statement credits.

But then, I’m going to take the other side of the argument, and I’m going to discuss why the American Express Platinum Still Destroys The Competition, and is still the best Premium Travel Credit Card that is out there on the market.

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-Matt

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TIMESTAMPS:
0:00-0:52 What To Expect
0:52-2:22 Negative Sentiment on Amex Platinum
2:22-7:09 Useful Statement Credits
7:09-9:17 Benefits Can Offset Other Annual Fees
9:17-12:22 American Express Has Best Customer Service
12:22-14:30 Airport Lounge Access
14:30-16:31 Retention & Upgrade Offers

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Any offer that is presented in this video, is subject to change, and is simply the offer I found when recording this video. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Please keep in mind that this video is for entertainment purposes only & is not to be used for financial advice. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

[MattWelterOfficial]

Let me know your thoughts on the Amex Platinum 👇

[bethearl]

Their Trip Cancellation/Interruption insurance SCREWED ME!!! I charged a $14, 000 Alaska cruise from Vancouver to Anchorage. We got covid halfway through. They denied our claim because the it was not a ROUND TRIP CRUISE. We made the mistake of not booking our airfare back to Vancouver on the same card.

[shawn.credit]

Amex Platinum is the BIG DADDY travel card you will not find the status or lounge access it offers anywhere else. Of course bring a Visa as well when overseas!

[buhner]

Another great video. I would also suggest looking into the Delta Amex Reserve. I have both the Platinum and Reserve cards and use them to complement each other. i also have a Venture X I use everywhere Amex is not accepted, like Costco. I never realized how much fun the Credit Card game could be until I started watching your videos. Of course, I never carry a balance on any card.

[propliner]

I've had it for many many years, my only complaint is i disputed a Ebay charge... Ordered a inflatable flamingo for the pool... The seller sold me a disgusting worn out garbage flamingo "raft" instead with the head cut off... sent them pics and everything.. "denied the dispute" it was like a 30 dollar item... lol not sure what happened there..

[rylequitain]

You say a one night stay could trigger the hotel credit but doesn’t the Hotel Collection require a 2 night stay?

[fogrunr]

Enabling me to have Gold status for both Hilton and Marriott (downgrade to the no annual fee cards) is actually the most convincing point for me to keep the Platinum. Well done!! 🎉🎉🎉
Also,
Access to the Delta Sky lounges without having the top Delta card is a big plus.

[BobI-jbrk]

Great review. Those big ass coupon books won’t do me any good out here in rural America so I’ll stick with my CSP.

[TheCreditFrog]

The Amex Platinum is the best travel card for good reason! Even though the CSR and C1VX are pretty good competitors, the Amex Platinum is still the top dog! Great coverage of all the reasons why it’s a great card Matt!

[al]

If I had to choose one premium card I’d still choose the sapphire reserve because AMEX isn’t accepted in many parts of the world and as an international traveler I need the convenience that a Visa provides.

[chadpennycuff]

Customer Service - I get send to off shore call centers these days - not buying great CS.

[gojinny]

I live in Atlanta where Amex Platinum is so much better with best Centurion lounge and Delta Sky Club lounges whereas priority pass lounge is miserable and always wait listed. Centurion lounge (at least the one in Atlanta) is far superior than Capital One lounges and less crowded than Sapphire lounges in other airports. My only complaint about Amex Platinum is that I have to call them every single month for statement credits that are supposed to be applied automatically - waste of time to remind them every month....

[drchrisheidelberg]

Great video! This year I plan on offsetting the annual fees with the hotel deal. I love the Wal-Mart plus because I can have things delivered or pre ordered plus I get Paramount + and you have access to cheaper gas for our SUV at Sam's and ExxonMobil. We had an emergency with our EV and Wal-Mart fixed the tire for free due to my status

[kimbapslayer]

Unless you’re spending like 20k on travel every year, platinum cars is a joke. And knowing Americans, 80% of people are under qualified for the card.

[skyline]

I just got a upgrade offer from Gold to Platinum 100k with $6k spend in 6 months but I will lose the Gold in the process and I don't want to give up my Gold card

[MattMcGrathOfficial]

Thoughts on adding an AU just for Centurion/Sky Club lounge access? We have all the big players here in NYC fyi.

[ItsMeCJ]

I’m first…all others disqualified. And nope! The C1VX is best! Fight me!….dont fight me though.

[ryanccc]

Mileage may vary, but a big plus for the Platinum that people always tout is “lounge access”, I know is there is Escape etc. but people always tout the Centurion lounge and there are 13 Centurion lounges in the U.S., people never give that number (I know you did😂) and make it seem like 1, 000, lol, so if you don’t have one in your home airport or travel with family (can’t access a Centurion lounge with guests anymore) you are out of luck. 🍀 😂

[AnthonyVenture]

Yeahh mannn, Hilton Gold alone could be worth the annual fee for me depending on how much I’m staying at Hiltons, and want to eat at the Hilton restaurants to make use of the dining credits etc.

One 5 day stay I did last year saved me $150 in food since we only ate at the hotel, very underrated!

So good point on that man, and I like that you said you could just cancel the Surpass etc which would save you some annual fees, good way to think about it.

I think the biggest reason it still wins, is STATUS!

Great stuff Matt!

[MontyTheCardNerd]

While a bit annoying to manage, the variety of benefits on the Amex Platinum is a powerful aspect of the card, especially since as you said, you won't need some other cards with annual fees that cover those benefits. The C1VX is still my favorite premium travel card, but the Amex Platinum isn't far behind. Awesome stuff Matt!