American Express Platinum Charge Card
MyRupaya Ratings
Product Details
Credit Card Name :
American Express Platinum Charge Card
Bank Name :
American Express
Type :
Premium Credit Card
Interest Rate :
3.50% to 3.99%.
Eligibility :
The applicant must be over 18 years of age.
If self-employed, the applicant’s company must have been trading for more than 12 months.
The applicant must have a good credit history and no payment defaults.
The applicant must have a current residential address in India.
The applicant must have an Indian or multinational bank’s savings or current account in India
Pros
Customers can access best-in-class airport lounges like The Centurion Lounges, Delta & Priority Pass lounges.
With this card, customers get exclusive stay benefits up to INR 44,300.
Customers also get 25% off at Taj, SeleQtions, and Vivanta Hotels.
Emergency Protection Services: Air Accident Insurance, Overseas Medical Insurance, and Purchase Protection.
Customers also get protection against fraud or theft of their Cards, 24x7 across the globe.
Rewards: Customers Get 3X Membership Reward points on everything, every time they spend abroad.
Also, earn 1 Membership Reward point for every INR 407 spent on your Card
Cons
High annual fee: The annual fee is $695, which can be a deterrent for some cardholders.
Limited acceptance: American Express is not as widely accepted as Visa or Mastercard, so you may not be able to use your card at all merchants.
Foreign transaction fees: You'll pay a 2.7% foreign transaction fee on all purchases made outside the US.
Not for everyone: The Amex Platinum is best suited for high-spenders who travel frequently and can take advantage of the card's many benefits. If you don't travel often or spend a lot on groceries and gas, you may be better off with a different card.
Pros & Cons
Welcome Benefits
None
Rewards System
Customers Get 3X Membership Reward points on everything, every time they spend abroad.
Earn 1 Membership Rewards point for every ₹100 spent
1 RP = 0.50 Paisa
Effective Cashback Rate: 0.5%
International Forex Markup
2.7% of each transaction in a foreign currency
Welcome Benefits and Reward System
Special Features
Enjoy access to free WiFi, gourmet cuisines and other exclusive services while you wait between flights in our lounges spread across 130+ countries.
Eligibility Criteria
The applicant must be over 18 years of age.
If self-employed, the applicant’s company must have been trading for more than 12 months.
The applicant must have a good credit history and no payment defaults.
The applicant must have a current residential address in India.
The applicant must have an Indian or multinational bank’s savings or current account in India
Benefits
Priority Pass Select membership: Enjoy access to over 1,300 airport lounges worldwide.
Customers can get discounts on hotels and avail of exclusive stay benefits.
Also, get protected with emergency services and insurances.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
The American Express Platinum Charge Card has an annual fee of $695.
To apply, you must be at least 18 years old and have a good credit history. You can apply online or by phone.
The application process is relatively simple. You will need to provide your basic personal information, income, and employment information.
American Express will review your application and let you know if you are approved within a few days.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Customers can access best-in-class airport lounges like The Centurion Lounges, Delta & Priority Pass lounges.
With this card, customers get exclusive stay benefits up to INR 44,300.
Customers also get 25% off at Taj, SeleQtions, and Vivanta Hotels.
Emergency Protection Services: Air Accident Insurance, Overseas Medical Insurance, and Purchase Protection.
Customers also get protection against fraud or theft of their Cards, 24x7 across the globe.
Rewards: Customers Get 3X Membership Reward points on everything, every time they spend abroad.
Also, earn 1 Membership Reward point for every INR 407 spent on your Card
High annual fee: The annual fee is $695, which can be a deterrent for some cardholders.
Limited acceptance: American Express is not as widely accepted as Visa or Mastercard, so you may not be able to use your card at all merchants.
Foreign transaction fees: You'll pay a 2.7% foreign transaction fee on all purchases made outside the US.
Not for everyone: The Amex Platinum is best suited for high-spenders who travel frequently and can take advantage of the card's many benefits. If you don't travel often or spend a lot on groceries and gas, you may be better off with a different card.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual Fee:
$695 (charged annually)
Additional Fees:
Authorized User Fee: $175 per year for up to 3 additional cards
Foreign Transaction Fee: 2.7% of each transaction in a foreign currency
Cash Advance Fee: 5% of each cash advance, with a minimum of $10
Fuel Surcharge
American Express Platinum Charge Card has a 2.3% fuel surcharge on gas station purchases. This surcharge applies to all gas station purchases, regardless of the amount spent.
Billing Cycle
30 Days