The American Express Platinum card offers 1 - 5 points per $1 spent, depending on the type of purchase. More specifically, with this card you can earn 5 points per $1 spent on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 spent on all other purchases.
In addition to these ongoing rewards, the American Express Platinum card also offers new cardholders an initial bonus of 80,000 points for spending $8,000 in the first 6 months. Charges for travelers’ checks, prepaid cards, gift cards, cash equivalents such as lottery tickets, fees, and interest do not earn points.
Things to know about the American Express Platinum card points:
- The American Express Platinum card points are worth 1 cent each when redeemed for airfare or stays at Fine Hotels & Resorts properties booked through the American Express Travel portal.
- Points used for most other forms of travel are worth just 0.7 cents each.
- In addition, points are usually worth up to 1 cent each toward most gift cards, depending on the merchant. Plus, points are worth 0.6 cents toward statement credits or 0.7 cents when using the Pay with Points feature for purchases at major retailers, like Amazon or Best Buy.
Just remember that American Express Platinum card point values are subject to change. Visit the Membership Rewards Points calculator website for current point values and other redemption options. The American Express Platinum card points do not expire as long as your account is open and in good standing. Points are forfeited when losing an account, so make sure to redeem them before that.
This answer was first published on 03/19/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
