When it comes to premium credit cards, the American Express Platinum Card stands out for its luxury perks and high-end benefits. But with an annual fee of $695 (as of 2025), many wonder — is it truly worth it? In this blog, we’ll break down the features, benefits, and how the card can even tie into the best credit monitoring service or your search for the best company to fix your credit.
🏦 What Does the Amex Platinum Offer?
Before you judge the fee, let’s look at what you’re actually paying for:
✈️ Travel Benefits
- $200 Airline Fee Credit – Covers incidental airline fees like baggage and seat selection.
- Airport Lounge Access – Access to over 1,400 lounges worldwide, including Centurion, Priority Pass, and Delta Sky Clubs.
- $200 Hotel Credit – On prepaid bookings at Fine Hotels + Resorts or The Hotel Collection.
- 5X Points on Flights and Hotels – When booked directly or through Amex Travel.
💼 Lifestyle & Shopping Perks
- $240 Digital Entertainment Credit – For services like Hulu, Disney+, Audible, and more.
- $300 Equinox Credit – Use toward a premium fitness membership.
- Walmart+ and CLEAR Membership – Included to enhance daily convenience and security.
- Concierge & Purchase Protection – For peace of mind when shopping or traveling.
💳 But… Is It Worth the $695 Annual Fee?
If you’re maximizing the travel credits and perks, yes — absolutely. Frequent travelers easily extract $1,400+ in annual value through credits, rewards, and lounge access. But if you’re not using these benefits, the fee can feel excessive.
🔒 How Amex Platinum Supports Your Credit Health
You might be surprised, but premium cards like the Amex Platinum can help you rebuild or boost your credit when used responsibly. Here’s how:
✔️ Positive Payment History
Making on-time payments contributes to your credit score — a key element in any credit score repair service.
✔️ Low Credit Utilization
High credit limits help keep your utilization low, improving your credit profile.
✔️ Amex Credit Tools
Amex offers account alerts, FICO score tracking, and spending summaries — similar to tools provided by the best credit monitoring service platforms.
💡 Tip: Pair Amex Platinum with Credit Repair Goals
If your credit needs work, don’t rush into premium cards. Start with guidance from the best company to fix your credit, and once your score is solid, Amex Platinum becomes an excellent long-term investment.
Want help repairing your credit before applying for the Amex Platinum? Look for a trusted credit score repair service with a track record of improving FICO scores and removing inaccuracies from credit reports.
✅ Final Verdict
If you travel often, love perks, and want to elevate your lifestyle, the Amex Platinum annual fee is absolutely worth the investment. But if you’re still building your credit, consider focusing on credit repair first — and use tools from the best credit monitoring service to stay on track.
Once your credit is strong, the doors to premium cards like Amex Platinum — and their unmatched perks — will open wide.