How to save $400 off the American Express Platinum Card Fees

Posted on October 4, 2013 by in American Express Membership Rewards

Find out more about this card here.

Now that 2013 is quickly coming to an end, this brought to my attention one of the best credit card hacks around. The American Express Platinum card is one of the best cards for travel in the market today. While all of the benefits are too numerous to list here, some of the notable attributes of the card are free entries to hundreds of airport lounges, great concierge service, access to the famed AMEX fine hotels and resorts program and a $200 a year allowance on airline related expenses. The last benefit mentioned – The $200 airline allowance – is what we’re currently interested in going into detail.


How to save $400 off the American Express Platinum Card Fees

Image from pennylicious.com

Unfortunately, with all of these great platinum services comes a whopping $450 annual fee for this credit card. American Express knows that there will be enough people out there that will just pay the fee year after year because it’s worth it for them to have lounge access and concierge service. But at Mighty Travels, we are all about getting the maximal value for our dollar.

Luckily for us, the $200 annual airline credit is per calendar year. If you sign up for the card in the near future, you can use this credit for calendar year 2013, and as soon as January 1st 2014 hits, you can again use the airline credit for an additional $200 in charges. Granted, you have to actually want to spend money with airlines, but I have a good feeling if you’re a reader of this site that’s already the case. Technically, the $200 credits are only to be used for ancillary charges like baggage fees, onboard purchases and change fees, but I’ve always found that buying gift cards for $150 + $50 increments is a great way to trick the system into thinking that the charges are a change fee and baggage fees.


Image_from_aa.com.jpg

Image from aa.com

In addition to the $400 in free airline charges, the Platinum card refunds your $100 fee for Global Entry. If you’ve ever experienced the “fastpass” program at Disneyland, you’ll know just how awesome it is to breeze through to the front while people who are waiting in line mutter uncharitably and wonder if you’re a big shot or not.

Finally, the AMEX Platinum card usually has a 50,000 Membership Rewards point signup bonus after you make your minimum spend in three months. These points transfer to all kinds of travel partners as well as for buying items through AMEX’s shopping site. I never use the points for buying items, but they’re great for having maximal flexibility with my travel needs. I conservatively value 50,000 Membership Rewards points at $750, or 1.5 cents per point.

Find out more about this card here.


Image_from_pleatedjeans.wordpress.com.jpg

Image from pleatedjeans.wordpress.com

In total for a $450 charge, you get:
– $400 in airline charges
– $100 in Global entry refunds
– $750 worth of Membership Reward Points
– Various other perks: Lounge Access costs vary but normally $400+, and you get access to many different lounges including American, Delta and US Airways

Even though the title says $400, I actually value all of the perks of this card (at least in the first year) at more than $1000. For $450, that’s more than 100% return. This is a great example of the maxim that sometimes you have to pay a little to get a lot and this is a great time to apply for the AMEX Platinum card.

Find out more about this card here.


About the author: Torsten is a serial entrepreneur who started almost a dozen ventures on four continents. Torsten's love for travel has brought him to 130+ countries and travel with most of the world's airlines. You can reach Torsten at [email protected]

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