The Amex Platinum Card is one of American Express’s high-end credit cards. Earning Membership Rewards points, which can be exchanged for a range of benefits like travel, goods, and bill credits, is one of the benefits of this card. But what exactly are these points worth?
Amex points have different values depending on how they are utilized. In most cases, transferring points to one of Amex’s airline or hotel partners is the most value redemption choice. These affiliates include, among others, Delta, British Airways, Marriott, and Hilton. Cardholders can frequently receive a value of 1-2 cents per point, or even more in some circumstances, by transferring points to these partners.
Using points to make travel reservations using Amex’s own travel site is another well-liked redemption choice. When used to reserve flights, hotels, or rental cars, each point in this situation is equivalent to one penny. If you don’t want to deal with the difficulties of award travel, this is still a reasonable alternative even though it has a lesser value than transferring points to partners.
A lower value per point is often offered by items, gift cards, and bill credits, which are additional choices for redemption. For instance, you might only receive 0.5–0.7 cents per point when utilizing points for a statement credit.
So what’s the value of 60,000 Amex points? Depending on how they are applied, yes. They might be worth $1,200 or more if transferred to a partner airline or hotel and used carefully. They are worth $600 if used to make travel arrangements through Amex’s portal. They would be worth between $300 and $420 as a statement credit. Is obtaining Amex Platinum challenging?
It’s not for everyone because the Amex Platinum Card has a hefty annual fee and is a premium credit card. However, if you have strong credit and a reliable salary, it’s not necessarily “hard” to get. Amex seeks clients with a credit score of at least 700 and a steady source of income. You might be given the card if you fit the criteria and can afford the annual fee.
Amex Platinum points can be exchanged for a range of benefits, such as statement credits, gift cards, travel, and merchandise. Transferring points to one of Amex’s airline or hotel partners, where each point can be worth as much as 1-2 cents, is the most valuable method of redemption. Although the value of other redemption alternatives is lower per point, they may still be a viable choice for some cardholders.
If you move 125,000 Amex points to a partner airline or hotel and spend them effectively, they may be worth $2,500 or more. They would be worth $1,250 if used to make travel arrangements through the Amex gateway. They would be worth $625 to $775 if used as a statement credit. Does Amex Platinum Require Full Payment?
Each month, cardholders must make at least the minimum payment on their Amex Platinum Card. To prevent interest fees and keep a decent credit score, it is normally advised to pay the debt in full each month. Some cardholders also decide to pay the yearly fee in full each year to avoid paying interest on that sum.