Which is the best Amex Platinum card in 2022?

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American Express has several varieties of their premium Platinum cards.  And, while they’re expensive, they’re loaded with great perks.  Which is the best best Amex Platinum card?  As long as the 150K offer is around, there’s no question that the generic consumer Platinum card offers the best first year value (and that’s even truer for those whose restaurant spend would make the Resy offer that we list as an alternate offer even more compelling).  But what if you’re looking longer term, then which is best?  The answer depends upon which perks you value the most.  Here’s what you need to know…

Note: This post has been updated to reflect updates in benefits on both consumer and business versions of the Platinum card.

Platinum Benefits

All Amex Platinum cards (not counting the Delta Platinum card which isn’t really a Platinum card despite its name) share the following primary benefits:

  • 5X points for prepaid hotel bookings at Amextravel.com
  • Up to $200 a year in statement credits for airline incidental fees
  • $100 Global Entry fee reimbursement.
  • Airport lounge benefits:
    • Airport Lounge Access – Centurion, Escape, and Airspace Lounges: Cardholder plus two guests are allowed free
    • Airport Lounge Access – Delta SkyClubs: Cardholder is allowed free when flying Delta same day. Extra charge for guests.
    • Airport Lounge Access – Priority Pass Select Lounges: Priority Pass Select member plus two guests are allowed free entrance.  The Amex version of Priority Pass does not offer credits at Priority Pass restaurants.
  • Rental car elite status
  • Marriott Gold status
  • Hilton Gold status
  • Emergency Medical Transportation Assistance (includes medical evacuation)
  • Refer-A-Friend Bonus: The generic consumer Platinum card and the Business Platinum card offer Membership Rewards points as a bonus (the amount varies from as little as 5,000 points to 30,000 points or more).  The Schwab and Morgan Stanley Platinum cards, though, only offer cash rewards (typically $100 per referral).

Note: Not all benefits are listed.  For more complete coverage of perks, including which ones work for authorized user cards, please see: Amex Platinum Complete Guide.

Consumer Platinum Card Benefits

In addition to the perks listed above, consumer cards share the following primary benefits:

  • 5X points for flights booked directly with airlines or with American Express Travel
  • $200 Uber credit annually ($15/month, $35 in Dec). Credit can be used for Uber or Uber Eats (meal delivery)
  • $100 in Saks Fifth Avenue Credits: Up to $50 in credits each year from January through June; and another $50 July through December.
  • $200 prepaid hotel credit annually valid on Fine Hotels & Resorts and The Hotel Collection bookings
  • Up to $20 per month rebate for select digital entertainment services (NY Times, ESPN+, Disney+, Hulu, Peacock, Sirius XM, Audible)
  • $12.95 (plus applicable taxes) monthly credit for Walmart+ monthly membership subscription credit, which now includes a basic version of Paramount+

Business Platinum Card Benefits

In addition to the perks listed under “Standard Platinum Benefits”, above, the Amex Business Platinum Card offers the following primary benefits:

  • 5X points for flights booked through American Express Travel (this differs from the consumer card in that with this card you must book through Amex Travel to get the bonus points)
  • 1.5X points per dollar on purchases of $5000 or more
  • 1.5X points per dollar on purchases with US Construction material and hardware suppliers, US Electronic goods retailers and software & cloud system providers, US Shipping providers
  • 35% Pay with Points rebate for selected airline, and for business or first class with any airline
  • $400 Dell statement credits: Up to $200 in credits each year from January through June; and another $200 July through December.
  • Up to $120 per year in wireless services credits ($10 per month)

Consumer Card Variations

In addition to the standard Amex Platinum consumer card, there are two currently available co-branded variations.  Here’s a list of the primary perks of each…

The Platinum Card from American Express Exclusively for Morgan Stanley

To get this card you must have a Morgan Stanley account. Fortunately, a low-end Morgan Stanley Access Investing account works fine.

The Morgan Stanley Platinum card adds the following benefits:

  • First authorized user free: Add one Platinum authorized user for free. Add up to 3 more for $175.
  • Invest with rewards: Liquidate Membership Rewards points for 1 cent each when deposited to your Morgan Stanley brokerage account.
  • $500 anniversary spend award: Spend $100K in a cardmember year to get $500.  If you spend exactly $100K per year, that amounts to a bonus of half of 1 cent per dollar spent.
  • $695 Annual Engagement Bonus: You can qualify for this bonus by opening a Morgan Stanley Platinum CashPlus Account before opening the Platinum card account.  Details can be found here: Morgan Stanley Platinum Card Fee Free (how to earn the $695 Annual Engagement Bonus)

American Express Platinum Card for Schwab

The Schwab Platinum card adds the following benefits:

  • $100 to $200 statement credit: Receive a $100 Card statement credit if your qualifying Schwab holdings are equal to or greater than $250,000 or receive a $200 Card statement credit if your qualifying Schwab holdings are equal to or greater than $1,000,000, when measured following Card account approval and annually thereafter.
  • Invest with Rewards: Liquidate Membership Rewards points for 1.1 cents each when deposited to your eligible Schwab account.

To get this card you must have a Charles Schwab account.  Fortunately, even a no-fee checking account is fine.  And, incidentally, Schwab has one of the best no-fee debit cards around with no foreign transaction fees and it reimburses ATM fees.

Platinum Card Fee Differences

Each of the consumer Platinum cards charge a $695 annual fee, and you can add up to three Platinum authorized users (AUs) for $175.

The Business Platinum card charges a $695 annual fee, and each Business Platinum employee card costs another $350.

The following table shows the total amount paid depending upon the number of Platinum cards you have with each account.

Number of Platinum Cards Consumer Platinum Morgan Stanley Business Platinum
1 (Primary Only) $695 $695 $695
2 (Primary + 1 AU) $870 $695 $1045
3 (Primary + 2 AUs) $870 $870 $1395
4 (Primary + 3 AUs) $870 $870 $1745
5 (Primary + 4 AUs) $1,045 $870 $2095

Note that with consumer Platinum cards you can add authorized user Gold cards for no fee, and with the Business Platinum card you can add employee Business Green cards with no fee.  Unfortunately, you need the authorized user Platinum cards get airport lounge benefits.  With the exception of Global Entry credits, authorized user cards do not qualify for their own statement credits, but spend on those cards does count towards the primary user’s credits.

Meaningful Differences

Some of the differences between cards show above are hardly worth mentioning.  For example, the Morgan Stanley card lets you cash out points at 1 cent per point value.  I don’t recommend that unless you really need the cash.  You should be able to get far more value for your points.

Here are the differences that I find meaningful:

  • Annual Fees for two: If you want or need 2 Platinum cards, the Morgan Stanley Platinum card is the cheapest option since it offers the first authorized user card for free.
  • Annual Fees for a family: If you want or need 4 Platinum cards, the consumer cards are much cheaper than the business cards since the former charges just $175 per year for 3 authorized user cards, whereas the Business Platinum card charges $350 per employee Platinum card.
  • Annual Fees for five: If you want or need 5 Platinum cards, the Morgan Stanley Platinum card is the cheapest option since it offers the first authorized user card for free and the next three for $175 altogether.
  • $200 Uber credit annually (consumer cards only): If you ride Uber regularly or use Uber Eats, this can be almost as good as cash.  For others it may be nearly worthless.
  • $400 Dell credit annually (business card only): This is a very specialized benefit, but obviously valuable if you use it.
  • 35% Pay with Points rebate (business card only): This used to be the killer feature of the Business Platinum card when it was a 50% rebate. With a 35% rebate, points are worth about 1.5 cents each.  That’s good, but hardly a show stopper.
  • Cash out points for 1.1 cents each (Schwab Platinum only): The Schwab Platinum is the only card that lets you cash out points at better than 1 cent per point value.
  • $100 to $200 statement credit (Schwab Platinum only): If you already have a lot of money invested with Schwab, or if you can easily move your investments to Schwab, this is a nice perk that effectively lowers the annual fee by $100 or $200 per year.
  • $695 Annual Engagement Bonus (Morgan Stanley Platinum only): If you qualify for Morgan Stanley’s annual $695 Engagement Bonus (see this post for details) then the Morgan Stanley Platinum card is essentially fee-free for you and one authorized user!
  • Earn Membership Rewards when referring friends: The generic consumer Platinum card and the Business Platinum card offer Membership Rewards points as a bonus (the amount varies from as little as 5,000 points to 30,000 points or more).  The Schwab and Morgan Stanley Platinum cards, though, only offer cash rewards (typically $100 per referral).  Since I value Membership Rewards points more than 1 cent each, I’d much prefer to earn 10K Membership Rewards or more per referral than $100.

Which Platinum card is best?

It depends.  Your first decision point should be consumer vs. business:

  • A business Platinum card is best if you highly value the 35% Pay with Points rebate and/or the $400 Dell credits.
  • A consumer Platinum card is best If you highly value the $200 Uber credits, $100 Saks credits, and the ability to earn 5X directly with airlines and/or if you are already paying for services like Walmart+ and Disney+ and can them them rebated.

Which consumer Platinum card is best?

If you decide that a consumer card rather than a business card is right for you (see above), then consider these decision points:

  • The Morgan Stanley Platinum card is best if you want to add a Platinum authorized user (since the first AU is free), or if you qualify for the annual $695 Engagement Bonus (which makes the card free for you and one authorized user).
  • The Charles Schwab Platinum card is best if you prefer cash back over travel rewards (since it lets you cash out points at 1.1 cents each); or if you have a lot of money invested with Schwab since you’ll get an annual kickback ($100 for $250K invested, or $200 for $1M invested).
  • The generic consumer Platinum card is best if you value the ability to earn Membership Rewards points when referring friends.

If you are serving on active duty in the military, then get any or all of the cards since Amex will waive the fees upon request.  Call the number of the back of your card and tell them you are serving on active duty military and had heard that AMEX offers to handle your account in accordance with the Servicemembers Civil Relief Act.

Additional details about each of the Platinum cards follows (click the card names for even more information):

Card Offer and Details
The Platinum Card® from American Express
150K points
150K after $6K spend in 6 months. Terms apply.

$695 Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Alternate offer: Resy Offer: 125K after $6K spend in 6 months plus 10x dining for 6 months on up to $25K spend. Terms apply.

Recent better offer: 125K after $6K in the first 6 months + 15x when you Shop Small in the US and at restaurants worldwide on up to $25K in eligible purchases in the first 6 months [Expired 1/20/22]

FM Mini Review: This card is absolutely loaded with high end perks. Depending upon your situation, those perks may be worth the annual fee or much more.


Card Type: Amex Pay Over Time Card

Base
Travel

Earning rate: 5X points for flights booked directly with airlines or with American Express Travel ⚬ 5X points for prepaid hotels booked through American Express Travel

Noteworthy perks: ⚬ $200 Airline Fee Credit. Up to $200 a year in baggage fees and more at one qualifying airline ⚬ $200 prepaid hotel credit annually valid on Fine Hotels & Resorts and The Hotel Collection bookings. ⚬ Up to $300 in Equinox credits. ⚬ Up to $20 per month rebate for select digital entertainment services (NY Times, ESPN+, Disney+, Hulu, Peacock, Sirius XM, Audible) ⚬ $189 CLEAR fee reimbursement annually. ⚬ Up to $200 for Uber rides annually. Credit and Uber VIP status for Basic Member only ⚬ $300 credit when buying a SoulCycle bike directly from SoulCycle (up to 15 bikes per year) ⚬ $12.95 monthly credit for Walmart+ monthly membership subscription credit. ⚬ Complimentary Uber Eats Pass Membership for up to 12 months (must enroll by 12/31/21) ⚬ Up to $100 in credits annually for purchases at Saks Fifth Avenue (up to $50 in credits semi-annually, enrollment required) ⚬ $100 Global Entry fee reimbursement or $85 TSA Precheck reimbursement once every 5 years ⚬ Airport lounge benefits ⚬ Rental car elite status ⚬ Marriott Gold status ⚬ Hilton HHonors Gold status ⚬ Free Gold card AUs. Terms Apply. (Rates & Fees)

See also: Amex Platinum Guide

The Business Platinum Card® from American Express
120K points
120K points after $15K spend in the first 3 months. Terms apply. (Rates & Fees)

$695 Annual Fee

Alternate offer: Targeted online offer of 170K points after $15K spend in the first 3 months See this post for details.

Recent better offer: 150K after $20K Spend (Targeted)

FM Mini Review: This card is absolutely loaded with high end perks. Depending upon your situation, those perks may be worth the annual fee or much more.


Card Type: Amex Pay Over Time Card

Base
Travel
Other

Earning rate: 5X flights and prepaid hotels at AmexTravel.com ⚬ 1.5X points per dollar on eligible purchases of $5000 or more (on up to $2 million of those purchases per year) ⚬ 1.5x on US construction/hardware stores, US electronic goods, and US shipping ⚬ 1X elsewhere ⚬ Terms apply.

Noteworthy perks: Up to $200 a year in statement credits for airline incidental fees ⚬ Up to $400 a year in statement credits for Dell purchases ($200 Jan-June; $200 July-Dec) ⚬ Up to $120 in wireless services credits per year ($10 per month) ⚬ Up to $360 per year in credit with Indeed (up to $90 per quarter ⚬ Up to $150 per year in purchases with Adobe for annual prepaid plans for eligible Creative Cloud for teams and Acrobat Pro DC with e-sign ⚬ $100 Global Entry fee reimbursement.⚬ Airport lounge benefits ⚬ Rental car elite status ⚬ Marriott Gold status ⚬ Hilton Gold status. ⚬ $189 CLEAR fee reimbursement annually ⚬ 35% Airline Bonus: Get 35% points back after you Pay With Points for flights with your selected airline (or premium cabin with any airline). Enrollment required for select benefits

See also: Amex Platinum Guide

The Platinum Card® from American Express for Schwab
100K points
100K after $6K spend in first 6 months. Terms apply. (Rates & Fees)

$695 Annual Fee


Card Type: Amex Pay Over Time Card

Base
Travel

Earning rate: ⚬ 5X points for flights booked directly with airlines or with American Express Travel ⚬ 5X points for prepaid hotels booked through American Express Travel

Noteworthy perks: This card includes all of the great perks that come with the American Express Platinum Card, plus: ⚬ Use Membership Rewards® points for deposits by Schwab to your eligible brokerage account. (For example, 10,000 points = $110) ⚬ $100 credit with Schwab holdings of $250,000+ or $200 credit with holdings of $1,000,000+ on approval & each year.

See also: Amex Platinum Guide

The Platinum Card® from American Express Exclusively for Morgan Stanley
100K points
100K after $6K spend in first 6 months. Terms apply. (Rates & Fees)

$695 Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: 100K points + 10x when you Shop Small in the US & at restaurants worldwide [Expired 1/20/22]

FM Mini Review: In my opinion, this is the best of the consumer Amex Platinum cards when you need two cards thanks to Morgan Stanley offering one free authorized user. Unfortunately you do need to have a Morgan Stanley account to apply.


Card Type: Amex Pay Over Time Card

Base
Travel

Earning rate: ⚬ 5X points for flights booked directly with airlines or with American Express Travel ⚬ 5X prepaid hotels booked with American Express Travel

Big spend bonus: $500 after $100K cardmember year spend

Noteworthy perks: This card includes all of the great perks that come with the American Express Platinum Card, plus: ⚬ 1 Free Authorized User ⚬ Redeem points for 1 cent each into your Morgage Stanley account ⚬ $550 Annual Engagement Bonus for Reserved Clients

See also: Amex Platinum Guide

More information about Amex Platinum Cards

Please see: Amex Platinum Complete Guide.

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Sam

Wasn’t there an article on how to cancel and apply for a new version of the Amex Platinum Card each year, so that you could get the SUBs for each of the four versions? I’m certain it was on this website but I can’t find it. Does anyone know?

Reno Joe

Speaking of refer a friend . . . given current referral bonuses and assuming only two referrals a year, the generic and Morgan Stanley cards are essentially even in value. This assumes MS rebate and free first AU — if not, don’t. If someone’s not already at MS, why go through the hassle? Squeeze? Juice? Squeeze? Juice? SUB, then punt. As for the Schwab version, one would have to redeem 900k points per year via Schwab for it to make sense. It, too, SUB then punt.

kayexalate

Any idea when the 150k Platinum Biz offer will end? (I got the personal Gold in April and personal Plat in June). I’m wanting to signup for Platinum Biz, but my spend that I’ll need will be in the fall/winter of this year. I’m worried if I wait until then, the SUB may not be as good. I don’t want to mess with MS on the spend as I heard AMEX is very sensitive to that and don’t want to risk a shutdown

I’m new to the AMEX world so not sure how often they rotate SUBs. I know some of the offers available in the spring/early summer ended on 8/3/22. So not sure if it’s tied into some calendar cycle.

Last edited 1 month ago by kayexalate
Glenn

Walmart+ credit (currently not working, but Amex is working on it) is currently $14.18 not $12.95, e.g. the cost of the membership.

I have an Amex Schwab Platinum and a single Platinum AU and have paid no additional annual fee for it since I got it almost two years ago.

Reno Joe

With the Schwab version, MR points can be redeemed for 1.1 cents each. Such a redemption seems to require a brokerage account. “Use Membership Rewards® points for deposits by Schwab to your eligible brokerage account.”

On the other hand, you mentioned that a person can qualify for the Schwab version with just a checking account. So, the big question is whether someone who obtains the card via only a checking account can still redeem MR points for 1.1 cents each? Certainly, one can have a token brokerage account if that’s what’s needed. But, the question remains.

Reno Joe

Thanks.

Joseph Giorgianni

I upgraded my Gold Business to a Platinum Business last weekend. 140,000 points after 10K spend is 3 months and a prorated annual fee of $204.08.

[…] Which is the best Amex Platinum card in 2021? […]

WR2

The best plat version is the one you’re still eligible for the SUB. For me that’s only MS and Schwab. But considering how shitty the amex airline credits have become, and many of the covid benefits ended in 2020, I think I’ll wait, get under 5/24, and worry about plat cards later.

MalMel

Also, if you are a Morgan Stanley Reserve client, they are now requiring $25k minimum daily balance in ‘Bank Deposit’, which earns 0. However, that’s not bad with current interest so low. That $25k saving you $550 amounts to 2.2%. And assuming you make use of the benefits…..

BB312

Morgan Stanley engagement bonus info is out of date. Premier Cash is now Cash Plus and much easier to qualify for. Don’t need to be Reserve. Can be done with $5k in Access account and $25k in Cash Plus.

[…] Keep in mind that Amex allows a welcome bonus once per lifetime on most cards in most situations. However, you can have each flavor of Platinum card once — so if you have had the Schwab Platinum or Morgan Stanley Platinum card before, you are still eligible for this one. Read more about the different flavors of Platinum card in this post. […]

euro

How many different AMEX PLAT cards are there and what are the differences?

  1. AMEX PLAT CARD – $550.00/yr AF
  2. Charles Schwab AMEX PLATCard – $550.00/yr but $200 discount $1 m account
  3. Morgan Stanley AMEX PLAT CARD $550.00/ yr all $500.00 with convoluted account options

So looking for a full list to compare the best deal. All AMEX PLAT cards offer same benefits but discounts are available for large account holders at other institutions.

[…] arguably the Morgan Stanley Platinum Card because it offers one authorized user card for free (See: Which is the Best Amex Platinum Card?).  The authorized user gets many of the same perks as the primary cardholder (see our Platinum […]

[…] Before digging in, note that there are several “flavors” of Amex Platinum cards.  For this post I’ve considered only the plain consumer Platinum card.  For details about the others, see: Which is the best Amex Platinum card? […]

[…] For more details on the Platinum cards, see Which is the best Amex Platinum card?. […]

[…] I have read a few recent blog posts about whether to keep or cancel the AMEX Platinum Card (from Frequent Miler and Your Mileage May Vary), so I wanted to share my view on this […]

Seth

If you get a no-fee Gold Card for an AU, does that Gold Card earn points in the same bonus categories as a “normal” gold card, i.e. 4x for dining, gas, and groceries?

If it did, that seems like a pretty dynamite combination – a Platinum for $550 and a free Gold with all its benefits.

(This is a great article – and very timely considering the changes to the Sapphire Reserve.)

Linda

So you’re saying that the complimentary gold card would earns points like a Platinum..?

Okijames

Re Schwab’s free authorized user: Does the AU also get $200 Uber credit?

Bear

No, only the Primary cardholder.

Glenn

My personal experience is the Schwab Platinum has a single free Platinum AU but that fact isn’t mentioned in the article above. Don’t know if its a mistake or what.

THEsocalledfan

In the meaningful difference section, the ability to cash out at 1.25 cents each for Schwab should be highlighted. That is even a bigger deal for those of us with a certain purple credit card…..

Jim worrall

Could someone explain the purple credit card angle please.

Wai

Say that I have another AMEX platinum card. Do I need to create a SECOND AMEX account?

Nick Reyes

No, you can have more than one Amex Platinum card in a single Amex login.

[…] of nice benefits in addition to the slew of benefits that come on personal Platinum cards (See: Which is the best Platinum card?). The new twice-annual $100 Dell credit and points rebate on your selected airline and business and […]

[…] are several “flavors” of the Amex Platinum card (See: Which is the best Amex Platinum card?). Unlike other flavors of the Platinum card, the Ameriprise version has not offered a standard […]

Kevin

No big deal, but in the “Which consumer Platinum card is best?” section at the end, you have that Schwab gives a $100 bonus for $200k in assets, whereas it’s $250k (which you have listed correctly higher up in the article).

Thanks for the writeup. I got the 100k bonus on the regular consumer version last year, I intend to get the Schwab this year (and dump the current one) so I can redeem my points at 1.25 cents. I’ve got plenty of UR points that I can use for travel at 1.5 cents with the Sapphire.

I think my strategy going forward will be Chase for non-airfare travel at 3x, Schwab Platinum for airfare at 6.25 cents per dollar redemption, and AmEx Blue Business for non-bonus spend at 2.4 cents redemption.

[…] Which Platinum card is best? […]

Robert

Great writeup, you’ve helped me finally decide…I’m dropping my Plat card altogether!

Jeff Bezos

The biz platinum is going up to $595 not $550

Gr8r84u

Worth noting also that you can add up to 99 green card authorized users on the biz platinum that all qualify for global entry / precheck credit. Each of those users can create a separate login and will get thier own offers as well.

Gr8r84u

Not sure but those cost $$$ don’t they? The annual fee for a green card a/u on a biz platinum is $0.00.

gr8r84u

Ahhh, did not know that. Do you know if they are also entitled to the $100 global entry / precheck credit?

Mike

Do the Gold AU cards earn the same 4x bonus spend as a primary Gold card?

Debit

You should awf the .35% v commission on 5k for morgan stanley card in the annual fee.

Debit

Btw, 100% sue the MS card loophole will be closed now that it is on the radar of the locusts.

Credit

Debit – Which loophole? Having an MS Access account? I opened and funded one in early December. I applied for the MS Plat 2 days later. After a little over a week I was approved. Are you saying the Access account is the loophole? Or are you saying that opening an MS Access account and not funding it is the loophole?

Lukas

Can you elaborate? Your post isn’t clear.

WR2

The correct answer is all of them, and then the Amerprise again and again.

Josh

RIP

[…] are several versions of the consumer Amex Platinum card (see: Which is the best Amex Platinum card?).  They share many of the same perks as the Business Platinum card, such […]

[…] a reminder, there are many flavors of personal Platinum cards (See: Which is the best Amex Platinum card? for a full rundown). Benefits found on all personal Platinum cards, including the one available to […]

[…] 2: If you’re thinking of picking up an Amex Platinum card, please see: Which is the best Amex Platinum card?  You can find application links to each of the variations of Platinum cards […]

[…] H/T: Frequent Miler […]

[…] Platinum card may be of particular interest to those who haven’t had this flavor (See: Which is the best Amex Platinum card? for more information on the different […]

[…] Your Platinum card arrived. Here’s what to do next…).  And, separately, I analyzed “Which is the best Amex Platinum card?”  With any Platinum card, you can add free authorized users, if they get Green or Gold […]

Bear

If you’re playing the 2-playing game version, could you alternate years having the Ameriprise Plat? Wonder how long you could go before they caught on.

Credit

What is working currently for flight credit reimbursement on Amex?

Jason G.

My AMEX platinum personal AF has just hit (received the statement today…$550). This is the only flavor of AMEX platinum I have had. I was thinking about cancelling it and perhaps applying for AMEX platinum Schwab since I have the brokerage/high yield checking for the debit card. I figure I may as well cancel it since I will just be paying 550 for no additional benefits, and if I am approved, I will get all the same benefits plus the 60k sign up bonus after 5k spend. I also have the Business Blue plus so I won’t lose by MR points that I still have. Any thoughts before I call up? My travel credits won’t hit again until the new year I believe on the current card, so should I apply today for the Schwab and be able to use twice by Jan? If so, should I call up to cancel Platinum personal first, or wait to see if I am approved for Schwab then call to cancel regular platinum personal?

Jason G.

Good suggestion. I’ll see what they can offer. Thanks.

Jason G.

Just got off the phone with AMEX. They offered me either a 300 statement credit or 30k MR points to keep open and I have until Jan 7th to decide what to do. Would this allow me get another $200 travel credit if I purchase Jan 1 on this current card, then call in and cancel after the credit posts? Then I could decide to cancel?

Or….

I could decide to keep it open, take one of the retention offers, and still apply for schwab today and get both of those travel credits as you said.

What do you think I should do?

Rupert

Can you convert one AmEx Platinum product for another, for example sign up for the regular AmEx Platinum Consumer and after a year, convert to the Schwab Platinum? Thx

[…] Which is the best Amex Platinum card? […]

[…] That said, it doesn’t preclude you getting a bonus for a similarly named card.  For example, there at least six versions of the high end Platinum card, and it’s possible to get the signup bonus on each and every one.  Additionally, targeted […]

[…] April, I posted a comparison of the many versions of the Amex Platinum card (found here). Even though all of the Platinum cards cost $550 per year (except for the business version which […]

Julianna

Greg, I have the regular old Amex Plat. How hard is it to get approved for the Morgan Stanley one too? Or do they deny because I already have the plain one? With the Amex Centurion lounge guest limit, and I have a family of 5, it would make more sense to have the Morgan Stanley Plat so I can add hubby as a free AU and we can get everyone in. I’m assuming applying for the MS one and then cancelling the regular one is the prudent way to go? We don’t have Uber Eats in my town so it might be hard for me to use that credit every month on either card. I’ll try my hardest tho.

John

Excellent post. I got the Ameriprise Platinum last year with 25k bonus and no fee first year.
Does anyone know how easy and how little and which type of account (is it only brokerage accounts) you need to open Morgan Stanley and Schwab account to qualify.

Frank

I did that last year successfully.

Ben

Do AUs on the Ameriprise really get the $100 Global entry fee credit? I thought that was just the primary….but hope I’m wrong.

SDO

Wow, that’s great info!

[…] other day, as I was researching details for my post comparing the many flavors of Amex Platinum cards, I made a big mistake with the Morgan Stanley Platinum card.  Something I read that day made me […]

[…] Which is the best Amex Platinum Card? Nice post laying out ALL the different versions that are out there. Not that these blogs will likely tell you about these versions they can not get paid to sell to gullible readers intentionally kept in the dark… […]

Raju

“Note that with consumer Platinum cards you can add authorized user Gold cards for no fee”. Does this mean I can transfer MR points to authorized user airline account.

renzhen

For the consumer cards, can you get the sign up bonus for each or only once for all?

Nick Reyes

You can get the sign up bonus for each one. They are separate products.

Richard

Does AMEX waive annual fee for SCRA for the Business Platinum as well?

Vip

What is SCRA? Thanks.

Jon

Great summary Greg. One thing to add, the $1,000 certificate for Mercedes Benz is usually not stackable with other offers/promotions that the dealership runs. YMMV, but I tried to use this certificate (haggled dealer down to desired price, then whipping out the certificate, only to be told it can’t be combined). So its usage may not be as good as people would like.

Also, if you have a choice between Morgan Stanley and Charles Schwab (for investment purposes, neglecting bonuses, etc), Charles Schwab is hands down the better investment vehicle with historic low ERs and great selection of funds for self-directed brokerage. Hope this helps.

TomT

I think you should include the fact that you can use the Uber credits on food via Uber Eats, making it a useable perk more card holders.

Mark O

Ameriprise also gives you up to 3 free AU I believe. I have two on mine right now for free but I think you can get a third.

Biggie F

Very useful summary. There are some odd nuances that one has to remember, like that you can’t get 5x on airfare with Business unless you go through Amex Travel (not hard, but annoying to remember).

Also — and here as ever I can stand to be corrected — I think that the Business Platinum may give you access to a Business Concierge not accessible for regular Plats only (?) and there has been some evidence that this can lead to some idiosyncratic discounts on Business and First fares from AA in particular. (I saved a few hundred bucks this way on one occasion, and there are similar testimonials [but also denials] on Flyertalk.)

The other thing that you might point out is that for those of us who haven’t been thrilled by the $100 AF increase on the personal card, but who do get some things out of it that we would miss, and who are coming up for renewal in the next few months, we can still lock in the $450 AF for another year while acclimating ourselves to the new Uber benefit. I have not been an Uber user, but with $245 in potential “free” rides over 15 months, I’ll try to work at least some of that into my plans.

Similarly, this gives a little time for those of us in PHL (and maybe elsewhere) to see whether the roll-out of Centurion clubs works as a substitute for AA clubs. This is relevant to the link between the personal card and the $175 for additional users, which may turn out to be worth holding onto for couples/families where Centurion club access is frequent and reliable.

A last thing: Amex Offers can sometimes differ across the cards. For example, I had a $35 Offer for boxed.com on the Business Plat that did not show up on the personal one.

Jeremy

Greg,

This was my thinking, I have had personal plat for about 3-4 years with 3 authorized users. I have spent very few of my MRs points which keeps me wondering whether i should cancel but having the 4 cards with great Amex offers keeps me around. The 50% rebate had me wondering if I’d be better off switching, but seeing the fee for AU so much more makes me want to stay with personal.

Some of the spectacular offers for me atleast have been on my Platinum or Blue card but not SPG biz or Hilton card. Do you recall seeing the following offers on a biz plat card in recent memory:
Lowes, Whole Foods (was a while ago), Home Depot, Royal Caribbean, Frontpoint Security?

Finally, thoughts on whether the 50% rebate will ever appear on the personal Platinum card?

Nick Reyes

To answer your question about offers on the Biz Plat:

1) Lowe’s: Definitely had one of the $10 back on $50 or $20 back on $100 type offers the last time it was offered.

2) Whole Foods: Never seen one, but I don’t remember the last Whole Foods offer. That may have been before I had a biz plat (and I don’t live near a store, so it’s equally possible I ignored it).

3) Home Depot: Only offer I’ve had has been the 2x points at HD towards the end of 2016 and now for all of 2017. When there is a targeted HD offer, I never seem to get it on any of my cards — so I don’t know as though I’m the best resource on this one.

4) Royal Caribbean: Definitely got this on my Biz Plat last year. Added it, but didn’t end up making a booking. We had been kicking around the idea of a cruise and crunched the numbers, so I know I had it (on both primary and AU card).

5) Frontpoint Security: Shows on my Biz Plat right now.

As to whether the 50% rebate will ever appear on the personal, we have no idea whether that will happen. If you’re asking me for a prediction (and you understand it’s only marginally more reliable than your magic 8-ball), I’d guess that we will not see that benefit added to personal cards any time soon. My guess is that it’s not an accident that they are charging different fees on personal vs business and rolled out separate sets of benefits. I think they are testing the market. Whether they are looking to find what costs them the least or what seems to excite card members the most or how these benefits affect applications/daily use/retention is for someone else to guess. So my bet is that it’ll be at least a year before we see one of those major benefits (uber vs 50% rebate) cross over. I think it’s equally likely that they are looking to give us a reason to carry both cards.

Of course, I could be totally wrong. Hard to know. If all you’re looking for is extra cards with Amex Offers, you could always add Green cards to a Business Platinum. They won’t get any of the Platinum benefits, but they’d get Amex Offers if that’s your main concern.

Dan

I bought Timberlake concert tickets via business concierge for my wife. We had a better experience than a neighbor who bought via a personal Platinum concierge. She got near front stage, the wait was very short

Adam

One thing to add about the Morgan Stanly “flavored” Platinum card is that you can add one additional Authorized User for free! I’m seriously considering getting the Morgan Stanly version and keeping it so my wife and I can both have the benefits for the $550 annual fee.

Eric

The Morgan Stanley Platinum card gets one free authorized user.