Money Analysed

Unlocking The Benefits of The Platinum Card for Active Military

How The Platinum Card from American Express Can Benefit You

Credit cards have been an essential part of our lives, especially when it comes to making purchases and booking trips. With numerous credit cards in the market, it’s important to choose one that offers the best rewards and benefits.

The Platinum Card from American Express is one such card that stands out from the rest. What is The Platinum Card from American Express?

The Platinum Card from American Express is the premium offering from American Express, considered one of the most prestigious credit cards in the market. The card is known for its luxurious benefits and also the pricey annual fee of $695.

However, for the right consumer, the benefits outweigh the cost.

Benefits of The Platinum Card from American Express

Valuable Membership Rewards Points

The Amex Membership Rewards program is one of the best in the market, offering some of the most valuable transfer partners including airlines like Delta and hotels like Marriott and Hilton. By spending on the Platinum Card from American Express, cardholders can accumulate points quickly.

Every dollar spent earns five Membership Rewards points on flights booked directly with airlines or with American Express Travel, and five points per dollar spent on eligible hotels. 80,000 Welcome Bonus Points

New card members can earn 80,000 bonus points after spending $6,000 within six months of account opening.

This generous welcome bonus is one of the largest sign-up bonuses available in the market, making this card even more appealing.

Travel Perks

The Platinum Card from American Express is packed with exceptional travel benefits, making this card ideal for frequent travelers. Cardholders receive access to 1,200 airport lounges worldwide, including Priority Pass Select membership and access to the growing Centurion lounge network.

Additionally, cardholders also receive elite Gold status in both the Hilton Honors and Marriott Bonvoy programs. An annual airline credit of $200 helps to offset incidental charges, plus a CLEAR Plus airport security screening membership credit and reimbursement for Global Entry or TSA PreCheck application fees.

Cardholders also receive a $200 hotel credit to use at select properties.

Annual Credits

The Platinum Card from American Express also offers many other annual credits for expenses cardholders consistently anticipate. These credits include $200 in Uber Cash (platform credit), $240 in digital entertainment credit through select providers such as Spotify and Peacock Premium, and an annual Equinox membership credit.

Additionally, cardholders receive up to $100 in Saks Fifth Avenue credit, which can be used at both their retail stores and online.

How to Get The Platinum Card from American Express without Paying an Annual Fee

While the annual fee may be worth it for some people who frequently use the card, service members and active-duty service members qualify for significant benefits.

Servicemembers Civil Relief Act and Military Lending Act Benefits

The Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA) dictate interest rate and fee reductions when it comes to financial deals for active-duty service members. The SCRA originally covered active-duty military personnel, but it has since grown to include National Guard and Reserve personnel as well.

The Military Lending Act covers all active-duty service members. Both acts may be invoked for credit card and loan-related expenses.

Amex Platinum Intro Annual Fee for Active Military

American Express waives the annual fee of the Platinum Card from American Express for active-duty military personnel. Anyone who provides documentation to American Express validating their active-duty status, and who applies for the card, are eligible for $0 annual fee.

This allows service members to enjoy all the benefits of this premium card without paying the annual fee.

Conclusion

The Platinum Card from American Express is known for its luxurious benefits aimed at frequent travelers. For those willing to pay the annual fee, the benefits that come from earning points and the various annual credits are well worth it.

Additionally, active-duty service members are eligible to obtain the card free of charge with a proper documentation and benefits request filed with American Express. You would be hard-pressed to find another card with as extensive and curated of a list of benefits as The Platinum Card from American Express, including access to exclusive cardholder events, enhanced travel protections, and seamless access to over 1,200 airport lounges.

The Platinum Card from American Express has always been known for its luxurious benefits and high annual fee. However, for active military personnel, the annual fee is waived, making this card an excellent option for individuals serving in the United States Armed Forces.

High Annual Fee

The Platinum Card from American Express has a high annual fee of $695, making it one of the most expensive cards in the market. The high annual fee is justified by the card’s premium benefits, such as airport lounge access, Hilton Honors and Marriott Bonvoy Gold Elite status, $200 annual airline credit, $200 hotel credit, and many other lifestyle perks.

$0 Intro Annual Fee for Active Military

Active military personnel can enjoy the benefits of The Platinum Card from American Express without paying the annual fee. To qualify for the waived annual fee, service members must submit documentation to American Express that verifies their active-duty status.

Once the application and verification process is complete, active-duty service members qualify for the $0 annual fee. This benefit is not only a cost-savings for active military personnel but also a token of appreciation for their service.

Other AMEX Credit Card Benefits

Beyond the waived annual fee, The Platinum Card from American Express offers a variety of other benefits for active military service members. These benefits are provided under the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA).

Travel Rewards

The Platinum Card from American Express provides valuable travel rewards through its Membership Rewards program. Military personnel can earn five Membership Rewards points for every dollar spent directly with airlines or on prepaid hotels when using the card to book travel.

The points earned can be redeemed for travel, merchandise, and other rewards.

Points Accumulation

The Membership Rewards program allows service members to accumulate significant points that can be used for future trips, which is especially useful for those who frequently travel for duty or leisure. Additionally, service members have access to over 20 transfer partners, including Delta Air Lines, Emirates, Singapore Airlines, and Marriott Bonvoy.

Travel Perks

Active military personnel can enjoy many travel perks with The Platinum Card from American Express. Cardholders receive access to 1,200 airport lounges worldwide through Priority Pass, Centurion Lounges and Delta Sky Club during Delta flights.

Other travel perks include concierge service, Hilton Honors and Marriott Bonvoy Gold Elite status, $200 annual airline credit, and complimentary Gold status on Uber Eats orders.

Annual Credits

The Platinum Card from American Express also offers annual credits, which can help offset some of the card’s costs. These annual credits include $240 in digital entertainment credit, $200 in Uber Cash, an Equinox membership credit, and a $100 Saks Fifth Avenue credit.

SCRA and MLA Benefits

The Platinum Card from American Express also falls under the protection of the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA). Under SCRA, active-duty service members qualify for a reduced interest rate on their credit card balance, capped at 6%, and also receive protection from certain fees, such as annual fees and over-limit fees.

The MLA restricts lenders from imposing an interest rate exceeding 36% on military service members.

Conclusion

Overall, active military personnel can greatly benefit from The Platinum Card from American Express due to its waived annual fee for service members and valuable benefits such as travel rewards, annual credits, and other lifestyle perks. Moreover, service members receive added protections under the SCRA and MLA, which ensures they are not burdened by high-interest rates and fees.

For active military personnel, The Platinum Card from American Express is undoubtedly a valuable tool that can help them earn rewards while taking advantage of premium travel benefits. In conclusion, The Platinum Card from American Express provides active military personnel with valuable benefits that allow them to earn rewards and take advantage of premium travel benefits without paying the high annual fee associated with the card.

With waived annual fee option, military service members can enjoy accumulating Membership Rewards points transferable to over 20 travel partners, travel perks such as access to airport lounges and Hilton Honors/Marriott Bonvoy Gold Elite status. Also, this card offers protections under the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA).

The Platinum Card from American Express proves to be a beneficial tool for active military personnel to get the most out of their spending and enjoy premium luxury.

Popular Posts