American Express Platinum Reserve Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
High annual fee: ₹10,000 yearly fee can be a big drawback.
Limited reward earning: The rewards program with 1 Membership reward point per ₹50 spent is far from being the most lucrative among premium cards.
Exclusion of certain spending categories: Fuel, insurance, utilities or EMI conversions do not earn any points thereby limiting your overall reward potential.
Acceptance limitations: Smaller shops and restaurants especially would accept Visa and MasterCard but not American Express as widely.
Welcome Benefits: Users will get a welcome gift of 11,000 bonus Membership rewards points.
Reward System: Users will earn 1 Membership rewards point for every Rs. 50 spent except for spending on Fuel, Insurance, Utilities, Cash transactions and EMI conversion at Point of Sale(PoS). Effective cashback rate: 1%.
Users can enjoy a movie or online shopping voucher worth Rs.6,000 per year.
Users will get a complimentary Taj Epicure and EazyDiner Prime membership.
Users will get complimentary access to domestic airport lounges across India. Also, a complimentary membership to Priority Pass, with the US$99 annual membership fee waived.
Complimentary access twice a month to 32+ lush green golf courses in India.
Users will get a Taj stay voucher worth Rs. 10,000 on spending Rs. 5,00,000 in a card membership year and pay the annual fees of Rs. 10,000 on their card.
Concierge and other services.
Fuel Convenience Fee waiver at HPCL petrol pumps.
Zero lost card liability.
Rewards & Benifits
Welcome Benefits
Users will get a welcome gift of 11,000 bonus Membership rewards points.
Rewards System
Users will earn 1 Membership rewards point for every Rs. 50 spent except for spend on Fuel, Insurance, Utilities, Cash transactions and EMI conversion at Point of Sale(PoS). Effective cashback rate: 1%.
International Forex Markup
Up to: 2.5%
Welcome Benefits and Reward System
Special Features
Complimentary access twice a month to 32+ lush green golf courses in India.
Eligibility Criteria
You must be at least 18 years old.
You must have an Indian or multinational bank’s savings or current account in India.
You must have a good credit history and no payment defaults.
You must have a personal annual income of Rs. 6 Lacs and above (for both salaried and self-employed individuals).
You must have a current/permanent residential address in India.
Benefits
Taj Epicure membership with dining discounts and complimentary stays.
EazyDiner Prime membership with dining offers and discounts.
24/7 concierge service.
Air accident insurance cover of ₹1 crore.
4 supplementary cards for family or friends.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the American Express website and click on the "Apply Now" button.
Enter your basic information, such as your name, address, and date of birth.
Provide your financial information, such as your income and employment history.
Review your application and submit it.
Once you've submitted your application, American Express will review it and let you know if you've been approved. If you're approved, you'll receive your card in the mail within a few days.
Contact Details
1-800-419-2122 (Toll Free)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefits: Users will get a welcome gift of 11,000 bonus Membership rewards points.
Reward System: Users will earn 1 Membership rewards point for every Rs. 50 spent except for spending on Fuel, Insurance, Utilities, Cash transactions and EMI conversion at Point of Sale(PoS). Effective cashback rate: 1%.
Users can enjoy a movie or online shopping voucher worth Rs.6,000 per year.
Users will get a complimentary Taj Epicure and EazyDiner Prime membership.
Users will get complimentary access to domestic airport lounges across India. Also, a complimentary membership to Priority Pass, with the US$99 annual membership fee waived.
Complimentary access twice a month to 32+ lush green golf courses in India.
Users will get a Taj stay voucher worth Rs. 10,000 on spending Rs. 5,00,000 in a card membership year and pay the annual fees of Rs. 10,000 on their card.
Concierge and other services.
Fuel Convenience Fee waiver at HPCL petrol pumps.
Zero lost card liability.
High annual fee: ₹10,000 yearly fee can be a big drawback.
Limited reward earning: The rewards program with 1 Membership reward point per ₹50 spent is far from being the most lucrative among premium cards.
Exclusion of certain spending categories: Fuel, insurance, utilities or EMI conversions do not earn any points thereby limiting your overall reward potential.
Acceptance limitations: Smaller shops and restaurants especially would accept Visa and MasterCard but not American Express as widely.
The American Express Platinum Reserve Credit Card is a dream card for high-flying travelers and luxury connoisseurs who appreciate the finer things in life. Its unparalleled travel and lifestyle privileges, combined with high rewards potential, make it a powerful tool for those who can fully utilize its offerings. However, the exorbitant annual fee and niche appeal demand careful consideration before applying.
American Express Platinum Reserve Credit Card
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: First year Fee: Rs. 5,000 plus applicable taxes; Second year onwards: Rs. 10,000 plus applicable taxes.
Foreign Currency Transaction Fee: 2.5% (capped at Rs. 100)
Late Payment Fee: Rs. 500 (minimum)
Cash Advance Fee: 3.5% of the amount (minimum Rs. 250)
Returned Payment Fee: Rs. 500
Excess Card Limit Fee: Rs. 500
Fuel Surcharge
0% Convenience fee on fuel purchase at HPCL for transactions less than Rs. 5,000 and 1% Convenience fee on fuel purchases per transaction is applicable for all transactions of Rs. 5,000 and above
Billing Cycle
30 Days