Last year, American Express unveiled a new design for its Platinum charge card and Platinum Business charge cards, offered to Australians for the very first time in metal!
Previously, Australians could only wield the steel via the Centurion Card aka the ‘Black Card’ (which is invitation only), but listened to the call of their customers after introducing a steel option to existing American Express cardholders.
The Amex Platinum metal card comes with a welcome bonus of up to 150,000 Membership Rewards Points when you apply by 28 August 2019, are approved and meet the minimum spend criteria (that’s 50,000 points for each month you spend $1,500 in the first 3 months), a handful of great perks and a $1450 annual fee for personal cardholders.
While this fee might put hairs on your neck, the Amex Platinum metal card is the king of earn. You’ll earn 2.25 points per $1 spent on all purchases, and 1 point per $1 spent with government bodies.
Sprinkle on travel insurance and unlimited access for primary and additional cardholders to The American Express Global Lounge Collection, which includes the Amex Lounges at Sydney and Melbourne as well as the Centurion Lounges at hubs Hong Kong, San Fran and soon to open LAX, you’ve already got a tasty offering.
Of course, there’s a host of additional perks to help you justify the yearly spend on the Amex Platinum metal card including:
- No pre-set spending limit
- $450 travel credit annually
- Access to American Express Fine Hotels & Resorts perks & discounts with a total average value worth $700
- Complimentary status & memberships with a number of hotel loyalty programs including Accor Plus Membership valued at $395 per year
- Complimentary The Australian Financial Review Premium digital subscription
American Express claims the benefits of the Card including the Travel Credit, Accor Plus Membership and AFR subscription cover the $1450 fee, however, we’d happily do without the AFR subscription for a reduction.
At the end of the day, this card is about maximising and utilising points and the opportunity to earn up to 150,000 Membership Rewards points when you apply by 28 August 2019, are approved and meet the minimum spend criteria – that’s 50,000 points for each month you spend $1,500 in the first 3 months.
As well as redeeming points for gift cards, points plus pay transactions and other rewards, you can transfer your Membership Rewards to 10 partner frequent flyer programs, including 2:1 with Qantas, Virgin and Singapore Airlines.
Here is a list of great uses for Amex Membership Rewards points to get the creative juices following:
- East Coast Australia to Perth in Business Class Return on the new Qantas A330 for 72,000 points.
- Sydney to Fiji in Business Class Return on Fiji Airways for 72,000 Qantas points
- East Coast Australia to Hong Kong in Premium Economy Return with Qantas for 90,000 points.
- East Coast Australia to LA in Business Class on Virgin ‘The Business’ for 94,000 Velocity Points.
- East Coast to Singapore in Singapore airline’s New A380 Business for 58,000 or First Class for 80,000 Kris Flyer miles.
*To be eligible for this card you must:
- Earn a regular income of more than $100,000 per year
- Be over 18 years old
- Have no history of bad credit
- Have not applied for multiple credit cards recently
- Be an Australian resident
For more information on the American Express Platinum Metal card, and to receive 150,000 Membership Rewards Bonus Points via American Express.
If you don’t quite fit the $100,000 salary requirement for the Amex Platinum Card check out the following cards with great sign on bonuses.
American Express Qantas Ultimate Card – 55k Sign On Bonus (T&Cs apply)
American Express Explorer Card – 50k Sign-On Bonus (T&Cs apply)
American Express Velocity Platinum Card – 50k Sign On Bonus (T&Cs apply)