How much is the Amex Platinum annual fee?
$695, unless Amex raised it recently.
That's been the fee since 2021. Check Amex's site for today's number, since fees can change with little notice.
Checked Sep 9
Why?
Held steady for years Amex set it at $695 in 2021 and hasn't moved it since.
Fees do change Amex has raised it before, so today's rate could differ.
Official source settles it The card page lists the current fee before you apply.
Who is the Amex Platinum right for?
Right for
- Frequent flyers who use airline credits and lounges
- Travelers who value hotel status and upgrades
- Big spenders who can hit the welcome bonus naturally
- People who use Uber, streaming, and other credits monthly
Wrong for
- Occasional travelers who won't use the credits
- Anyone who carries a balance (high APR)
- People who prefer cash back over points
- Those who can't justify the $695 annual fee
What does the Amex Platinum cost in 2026?
| Figure | Value | Why it matters |
|---|---|---|
| Annual fee | $695, 2026 | This is the fee since 2021; Amex could raise it, so check the card page. |
| Welcome bonus | 80,000 points, 2026 | Typical offer after spending $8,000 in 6 months; worth about $800 in travel. |
| Airline fee credit | $200 per year | Covers checked bags and seat fees on one airline you pick. |
| Uber Cash | $200 per year | Credited monthly ($15, plus $20 in December); use it or lose it. |
| Points earning rate | 5x on airfare and hotels | Book directly with airlines or Amex Travel to earn 5 points per dollar. |
What's the biggest Amex Platinum mistake?
The biggest mistake is paying the fee without using the credits. People treat the $695 as a cost, but the credits add up to over $600 if you use them all. If you don't naturally spend on airlines, Uber, and hotels, you're paying for perks you never touch. Instead, add up the credits you'll actually use before you apply, and if it's less than $695, this card isn't for you.
How do you decide if the Amex Platinum is worth it?
- List every credit you'll realistically use in a year: airline, Uber, hotel, streaming, and others.
- Add those values up; if the total is below $695, stop here and pick a cheaper card.
- Check the current welcome bonus and annual fee on Amex's site, since offers change.
- If the credits cover the fee and you value lounge access, apply.
People also ask
Is the fee worth it for the perks?
Worth it only if you use the credits. The $695 fee pays for itself if you actually use the airline, hotel, and Uber credits. If you don't, it's a very expensive metal card.
What credits come with it?
The Platinum's credits are real but fiddly. You get airline fee, hotel, Uber, and more, but each has its own enrollment and use-it-or-lose-it rules. Check Amex's current list, since offers shift yearly.
ZapHog can make mistakes. Check important info.