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Amex Platinum Travel Credit Card Review 2021 – CCB

Amex Platinum Travel Credit Card Review

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This Card is Best ForAmex platinum travel credit card is best for those who travel regularly.
Welcome Gift5000 reward points as a welcome gift that can be redeemed as a travel voucher worth ₹4000.
Reward programmeEarn 1 Reward Point for every ₹ 50 spent except for spend on Fuel, Insurance, Utilities, Cash Transactions, and EMI conversion at Point of Sale.
Additional Rewards ProgrammeSpend ₹ 1.90 lakh in a year and get a travel voucher worth more than ₹ 7700. Spend ₹ 4 lakh in a year and get a travel voucher worth more than ₹ 11,800.
Airport lounge accessEnjoy 4 complimentary airport lounge
Access across India.
Taj voucherSpend ₹ 4 lakhs in a year and get a Taj Experiences EGift Card worth ₹ 10,000 from Taj, SeleQtions, and Vivanta Hotels.
Joining Fees and Annual Feesjoining fee of this card is ₹ 3500+GST.
Annual fee of this card is ₹ 5000+GST.
Eligibility Criteria* Your age must be over 18.
* You must have a savings or current account in India.
* You must have a permanent residential address in India.
* You must have an Income of more than ₹ 6 lakhs in a year.

Amex platinum travel credit card is best for frequent flyers. If you travel often then you must have this card in your wallet. Amex travel credit card gives you reward points as welcome gifts, on achieving milestone spends and regular spending (exclude- Fuel, Insurance, Utilities, Cash Transactions, and EMI conversion at Point of Sale).

You can redeem reward points as a travel voucher or for other 500+ available options. One regular reward point (That you earn for regular spending) is valued at 50 paise.

Accelerated reward point (That you get as a welcome gift and on achieving spend milestone) is valued at 80 paise and on spending ₹ 4 lakhs in a year you get additional 10,000 rewards points that are equal to ₹ 10,000 travel voucher.

This card also provides 4 complimentary airport lounge access across India. This card can give you up to 8% return on your overall spend If you spend equal to or more than ₹ 4 lakhs in a year.

Benefits of American express platinum travel credit card.

Welcome Gift

You will get 5000 Membership rewards points as a welcome gift. Each rewards point is equal to ₹ 0.80. You can redeem these rewards point as travel voucher worth ₹ 4,000.

To get these rewards point you will have to spend ₹ 5000 within 60 days of the card issued.

Spend Milestone benefits.

If you spend more than ₹ 1.90 lakh in a year than you will get 7500 membership reward points. You can use these reward points as a travel voucher worth ₹ 6,000.

If you spend ₹ 4 lakhs in a year than you will get 10000 membership reward points worth ₹ 10,000.

(Note- You will not earn any regular rewards points for spending above ₹ 2 lakhs although if you spend ₹ 4 lakhs then you will earn travel voucher worth ₹ 10,000.)

Airport lounge access

You can enjoy 4 complimentary visits per year (limited to one complimentary visit per quarter) to airport lounges across India.

Priority Pass Membership

You get a priority pass membership worth $ 99 complimentary free with this card. With this membership, you can access over 1300 lounges worldwide. You will have to pay $ 32 for every visit.

Others Benefits

Fuel surcharge waiver- 0% fuel surcharge across all HPCL petrol pumps in india for transaction less than ₹ 25k. You will have to pay only 0.3% charge for transaction more than ₹ 25k.Zero cost liability-If you lost your card than report to Amex within 3 days of lost and you won’t have to pay for any fraud transaction. If you report to Amex after 3 days you liablitiy will be only ₹ 1000.
Contactless Payment-You can use contactless payment at the point of sale for payment of purchases less than ₹ 2000.Supplementary card offer-Get two free supplimentry card for your family or friends. For third card you will have to pay ₹ 1500+gst.
Easy Emi- You can convert purchase of more than ₹ 5000 into easy EMI.Dining offer-Get upto 20% off on dining at selected resturant.

Rewards Programme

Regular Rewards Points- You earn 1 rewards points for every ₹ 50 spends. (Spent does not include Fuel, Insurance, Utilities, Cash Transactions, and EMI conversion at Point of Sale).

Accelerate Rewards Points– Earn rewards Points on achieving milestone spends. You can earn 7500 membership rewards points worth ₹ 6000 travel vouchers on an annual spend of 1.9 lakh and 10,000 reward points worth ₹ 10,000 on spend of ₹ 4 lakhs.

TAJ Voucher- You will get E-Gift Card worth ₹ 10,000 from Taj, SeleQtions and Vivanta Hotels on spending of ₹ 4 Lakhs in a year.

Reward redemption Programme-You can redeem these rewards points as travel vouchers. If you don’t want to redeem your rewards point for travel vouchers then you can redeem them from 500+ other redemption options.

Note- Your membership points will expire in 3 years.

How can you earn up to 8% return on an Amex premium travel card?

If you spend ₹ 1.90 lakh in a year than you will get a 6.15% return in you spend. You will get the travel vouchers worth ₹ 10,000 as accelerated rewards and welcome gift. Plus you will have 3400 regular reward points (we are assuming that 10% will be non-reward transaction.) worth ₹ 1700.

Your total saving will be ₹ 11700. You get 6.15% return on annual spend of ₹ 1.90 lakh.

If you spend ₹ 4 lakhs in a year than you will get additional travel voucher worth ₹ 10,000 plus Taj e-gift voucher worth ₹ 10,000. Your regular points will be 3600 if you spend 10% on non-rewards category. That is worth ₹ 1800 travel voucher.

Total saving will be ₹ 11700 (on the spending of ₹ 1.90 lakh)+ ₹ 23800 (on the spending of ₹ 4 lakhs) = ₹ 33,800.

That is 8.45% return on all your spends.

Fees and Charges of American Express platinum travel credit card.

Charges typesAmount
Joining fees₹ 3500+gst.
Annual charges₹ 5000+gst.
Cash Withdrawal fees3.5% of the withdrawn amount or ₹ 250. Whichever is higher.
Duplicate Statement₹100 for each statement that is minimum of 3 months old.
Foreign currency transaction charges3.5% of the transaction amount.
Air miles redemption fees₹ 0.
Over-limit fees₹ 500.
Late payment charges30% of the minimum due amount (Minimum – ₹ 500, Maximum – ₹1,000)
Interest Rate3.35% per month or 40.2% per annum.

Why should you go for this card?

Plus Point of this card- We will suggest you, to go for this card if you are a frequent flyer. As we explained the benefits of this card and calculated the return rate if you compare with other premium cards you won’t be able to earn this much returns with many premium cards although it is a mid-level card from Amex. This card provides you 8.45% return rate on the spending of just ₹ 4 lakh in a year, this is a big plus point for a mid-level card.

Drawbacks-This card does not reward you with any extra offers for spending more than ₹ 4 lakhs. So you may lose your motivation for further spending.

Eligibility criteria

  • Your age must be over 18.
  • You must have a saving or current account in India.
  • You must have an annual income of more than ₹ 6 lakhs.
  • You must have a permanent residential address in India.
  • If you are self-employed: Your company has been trading for more than 12 months.

To apply for this card please click on this link.

FAQs

What are the ways to Amex platinum travel card reward points redemption?

You can redeem the Amex platinum travel card rewards point for travel vouchers. In case if you don’t want to redeem your points for travel vouchers then you can redeem your points by choosing from other 500+ redemption options.

What is the expiry date of Amex platinum travel card rewards points?

The expiry date of Amex platinum travel credit card is 3 years. Years will count from the date card issued to the renewal date.

What are the key benefits of American express platinum credit card?

This card key benefits are welcome gift and accelerate reward points. You get 5000 reward points worth ₹ 4000 travel voucher as a welcome gift and you also get 7500 rewards points worth ₹ 6000 plus if you spend ₹ 1.9 lakhs in a year. On spending of ₹ 4 lakh in a year, you get ₹ 10,000 worth travel vouchers plus you also get ₹ 10,000 worth e-gift card from Taj, SeleQtions and Vivanta Hotels.

What is the limit of American express platinum travel credit card?

Amex did not mention about credit card limit anywhere. To know about your credit limit please contact the support.

Does priority pass membership is free with Amex platinum travel card?

Yes, it is free. To avail this membership you will have to contact support.