The Amex Platinum Card has a $550 annual fee—but is it worth it?, according to CNBC

From CNBC:

The Platinum Card® from American Express can help you travel in style with luxury benefits ranging from airport lounge access to an annual $200 airline fee credit — but it comes with a high $550 annual fee. (See rates and fees.)

Card members can recoup the cost with travel, shopping and food-related credits worth upwards of $500 annually. That said, the $550 annual fee will be added to your first statement. You’ll want to know ahead of time a) whether you can afford this expense; and b) how you’ll offset the cost with perks.

To help you decide, we break down key benefits of the Amex Platinum Card so you can add up the perks you would use and decide if the $550 annual fee is worth it for you.

If you want to recoup the Platinum card’s $550 annual fee, you’ll need to use many of the card’s benefits. Here’s a breakdown of how much the best perks are estimated to be worth:

Continue reading The Amex Platinum Card has a $550 annual fee—but is it worth it? on CNBC

Do you have a complaint about American Express, such as locked accounts or overcharges? Take your claim to FairShake, the consumer advocacy service.

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