American Express® The Platinum Card®

Issuer

American Express

Network

American Express

Regular APR

See Pay Over Time APR

Credit Score

690 - 850 (Good - Excellent)

Rewards Rate Details

Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1X Membership Rewards® Points on other purchases. Terms Apply.

Intro Offer Details

Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Terms Apply.

Pros

• No annual fee
• Generous intro APR period for purchases and balance transfers
• Flexible cash back with the option to update your 3% category each month
• Sign-up bonus offer
• Rewards don’t expire
• Preferred Rewards® members can earn up to 75% more cash back on all purchases

Cons

• 2% and 3% cash back categories have a $2,500 combined spending cap each quarter
• Foreign transaction fee of 3%
• Best rewards are limited to certain customers with Bank of America Preferred Rewards status
• Complex rewards structure may confuse some users
• Rival cards offer higher welcome bonuses