American Express Platinum Travel Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
American Express Platinum Travel Credit Card
Bank Name :
American Express
Type :
Travel Credit Card
Interest Rate :
Does not have a traditional interest rate
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
Welcome Gift: 10,000 Membership rewards points, redeemable for a Flipkart voucher or Pay with points option in Amex Travel Online worth Rs. 3,000.
Milestone Benefits: Customers can get a travel voucher or a Flipkart voucher for every INR 4 Lacs spent in a Cardmembership year.
Additional Benefit: Customers can get a Taj Experiences E-Gift Card worth Rs. 10,000 from the Taj, SeleQtions, and Vivanta Hotels
Travel Perks: Complimentary lounge access with 8 visits per year (max. 2 per quarter) at Indian airports, offering a comfortable airport experience.
Rewards: Earn 1 Membership Rewards Point for every 2 Rs. 50 spent except for spend on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at Point of Sale
Priority Pass Membership: Free access to over 1,300 lounges worldwide for authorized users, boosting travel convenience.
International Airline Program: Get access to lower fares for premium class ticket bookings, perfect for luxury travel enthusiasts.
Cons
High Annual Fee: The ₹58,000 annual fee can be a significant cost for casual travelers or those with limited income.
Limited Lounge Access: Compared to Platinum Charge Card, the lounge access is restricted to India and doesn't include international visits.
Membership Rewards Restrictions: MR points earned cannot be pooled with other Amex cards, limiting redemption options.
Lower Acceptance Rate: Amex cards may have limited acceptance at some merchants, especially smaller vendors.
Fuel Surcharge: A 2.3% surcharge applies to gas station purchases, making it less ideal for frequent drivers.
Pros & Cons
Welcome Benefits
Welcome Gift of 10,000 Membership Rewards points redeemable for Flipkart voucher or Pay with Points option in Amex Travel Online worth Rs. 3,000.
Rewards System
Earn 2 Membership Rewards points per Rs. 100 spent on flights and hotels booked through American Express Travel. Effective Cashback rate: 1%.
Earn 1 Membership Rewards point per Rs. 100 spent on all other purchases. Effective Cashback rate: 0.50%
1 RP = INR 0.50
International Forex Markup
2% on all foreign currency transactions.
Welcome Benefits and Reward System
Special Features
Get a Taj Experiences E-Gift Card worth Rs. 10,000 from the Taj, SeleQtions, and Vivanta Hotels.
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
Customers can earn rewards points on travel and hotel bookings.
Priority Pass Select membership: Enjoy access to over 1,300 airport lounges worldwide.
20% discount on dine-out.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
The American Express Platinum Travel Credit 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.
Contact Details
1800 419 2122
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Gift: 10,000 Membership rewards points, redeemable for a Flipkart voucher or Pay with points option in Amex Travel Online worth Rs. 3,000.
Milestone Benefits: Customers can get a travel voucher or a Flipkart voucher for every INR 4 Lacs spent in a Cardmembership year.
Additional Benefit: Customers can get a Taj Experiences E-Gift Card worth Rs. 10,000 from the Taj, SeleQtions, and Vivanta Hotels
Travel Perks: Complimentary lounge access with 8 visits per year (max. 2 per quarter) at Indian airports, offering a comfortable airport experience.
Rewards: Earn 1 Membership Rewards Point for every 2 Rs. 50 spent except for spend on Fuel, Insurance, Utilities, Cash Transactions and EMI conversion at Point of Sale
Priority Pass Membership: Free access to over 1,300 lounges worldwide for authorized users, boosting travel convenience.
International Airline Program: Get access to lower fares for premium class ticket bookings, perfect for luxury travel enthusiasts.
High Annual Fee: The ₹58,000 annual fee can be a significant cost for casual travelers or those with limited income.
Limited Lounge Access: Compared to Platinum Charge Card, the lounge access is restricted to India and doesn't include international visits.
Membership Rewards Restrictions: MR points earned cannot be pooled with other Amex cards, limiting redemption options.
Lower Acceptance Rate: Amex cards may have limited acceptance at some merchants, especially smaller vendors.
Fuel Surcharge: A 2.3% surcharge applies to gas station purchases, making it less ideal for frequent drivers.
The American Express Platinum Travel credit card is a good option for travellers with wanderlust and business travellers, despite having an annual fee that is a little more than average (Rs. 5,000 after the first year). In addition to its travel benefits, the card offers some shopping benefits, so it could be a good choice for someone who enjoys online shopping.
American Express Platinum Travel 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: Rs. 3,500 + applicable taxes
Second year onwards: Rs. 5,000 + applicable taxes
Other Fees:
Foreign currency markup: 2% on all foreign currency transactions (rounded up to the nearest INR 5).
Cash advance fee: 3.5% of the amount withdrawn, with a minimum of Rs. 250.
Late payment fee: Rs. 500 or 5% of the outstanding balance, whichever is higher.
Fuel Surcharge
2.3% fuel surcharge on gas station purchases, applicable to all transactions regardless of the amount spent.
Billing Cycle
30 Days