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AmEx Platinum Charge Card: 350,000 Bonus Points with $3,000 Spend in 3 Months; $1,450 Annual Fee (New Customers Only)

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Offer Information

AmEx have further increased the welcome bonus available on the Platinum Charge Card to 350,000 Membership Reward Points, which is equivalent to:
* 175,000 Qantas, Velocity, Skywards (Emirates) , AsiaMiles (Cathay Pacific), KrisFlyer (Singapore Airlines), Etihad Guest, Malaysia Airlines Enrich, Thai Royal Orchard Plus, Virgin Atlantic Flying Club, Hilton Honours
* 233333 Marriott Bonvoy points
* 1750 AirPoints (Air New Zealand)
* $1750 Statement Credit

Ongoing points earn is 2.25 points per dollar spent.

Additional Benefits for Platinum cardholders include:
* $450 Annual Travel Credit
* AccorPlus membership, which includes a free night at an Accor Hotel
* Comprehensive insurances including travel insurance
* Access to Fine Hotels and Resorts + The Hotel Collection
* Access to AmEx Dining Collection
* Amex Fashion Offers including $75 statement credit at Net-a-Porter/Mr Porter and $200 statement credit at David Jones

Card Information

Minimum Income: personal annual income of $100,000 or more
Annual Fee: $1,450 p.a.
Card Type: Charge Card
Cash Flow Period: Up to 44 cash flow days and no pre-set spending limit

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points
Referee: 110,000 Rewards Points with $3,000 spend in 3 months

David Jones Card: random (33)

Referrer: 15,000 Reward Points
Referee: 25,000 Reward Points with 3 purchases outside DJ in 1 month

Related Stores

American Express
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closed Comments

  • +3 votes

    Dat annual fee

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      Phat fee

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      Considering what you get with it. It's pretty worth it.
      Accor Plus: $395
      Travel credit: $450
      Priority Pass: $429 USD
      Statement credit: $200 at DJs

      Pretty much covers the annual fee. That doesn't even include the bonus points that you're getting as well.

      • +4 votes

        Until pandemic is over and when (and if) international travel goes back to previous levels probably not.

        • +2 votes

          As an existing member Priority pass is the only thing that is useless on there right now, i've taken advantage of all the other items domestically.

          The accor one is especially good because you don't even need to stay at a hotel, you can just dine at the accor hotel and get 50% off your food (and you get a couple of drink vouchers if you stay at an accor property), its insane how much we've saved if we are eating out (and assuming the accor has a restaurant thats decent).

          Travel credit is what i've used to get flights and the DJ credit is ok only. There's also a $75 Mr Porter or Net-a-porter credit which is in itself meh since everything is really expensive on there.

          If you're new, the $1,450 is only worth it if you can stretch the benefits (but it's likely not). otherwise wait till borders open up and save your $1,450 - 350k is 175k Qantas/Emirates/others points which is probably the best signup in terms of points but also the highest fee.

          I've kept mine so I can keep my Marriott gold and build up my points balance anytime I travel for interstate holidays or need to spend for any work related expenses (not my business).

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            @jaygee: Thanks for sharing your insight. In Hong Kong the equivalent card has 50% off at Maxim which has tons of outlet in town and I could easily "eat" the annual fee back. Accor is a bit limited here. I agree that it woul be more worthwhile when the border is open.

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              @ymmf: You do get 15% off drinks in Asia as well so there's that to consider.

          • -1 vote

            @jaygee: Priority Pass is still good for domestic as I've used it at Sydney airport a few times and you're allowed a $36 for your meals.

      • +6 votes

        I used to be the biggest advocate for this card but in recent years have had a change of thinking about it.

        It's the realised dollar values that I would calculate. To me, it's not about subscription fee values but rather what dollar amount you get from it.

        For example, with the Accor Plus, it's the free night that I would count. Ignoring the fact that you can't use it anywhere at all this year (Accor Plus keeps saying that every hotel is not valid for the free night at the moment) say you stay at a Sofitel and the cost of the room is $500 then I would calculate it as $500 clawed back from the annual fee. If you use the free night for a Breakfree for $100 then it's $100 that I would count as being clawed back from the annual fee.

        Similar with the Priority Pass. When I used to travel domestically for work on 20 flights a year, I would use the ~$30 restaurant credit each time so for me it was roughly $600 value.

        The greatest strength for this card is it's use for travel. With COVID shutting down travel then IMHO, this card is not worth it. If it wasn't for that, for new members being gifted 350,000 points, they could get at least one business class ticket to Europe which is worth much more than the $1,450 annual fee.

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          oh, one other thing. With the Reserve Credit Card no longer being part of the offer, there is no additional $400 travel credit. So even less return value for travel.

      • +1 vote

        I think you've forgotten the Woolies/Coles/Harris Farm credit some months ago.

        Then again, I'm surprised you've still got your card - the enhancements over the years really took the shine outta the card.

        The travel credit has always been a bit of a joke - not only the rates on offer isn't exactly the strongest but when you do book a Hilton affiliated hotel then your gold/diamond benefits won't apply because you didn't book direct. Ditto with Marriott's chains. Can't book Jetstar/budget airlines. Worst still, you're kind of forced to go on a trip in order to burn the credit or else you're like I am not making the most out of your card. I wish they've turned this card into a lifestyle card instead of being a travel card and allow these credits to be used in other ways. Hell, even Langton's, La Mer or dining credit would've been good.

        I got rid of mine 18 months ago and kept the Edge but finally got rid of that about 8 months ago. The credit offers and de-funded Shop Small makes it a bit of a joke. In the past, it wasn't hard to get 2-3 times the value in the annual fee paid without too much effort but towards the end, the value just isn't there.

        Don't even get me started on the concierge…they were good up until 6 years ago then all of a sudden things gone downhill massively.

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          Yeah the card has certainly declined over the past year. I’ve just taken another annual fee but this card is going to be seriously evaluated before the next renewal. I suspect it won’t make the cut - COVID travel restrictions have killed most of the value to me.

  • +1 vote

    Link goes to 300K points. How do you up it to 350K?

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      same here

    • +1 vote

      Strange, mine was 350,000
      Not that i'm taking it out.

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        Ah yes, I opened incognito and got it. Must have been a caching issue.

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          Gotta keep those credit card deals secret from the misso.

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      Referral Links are 350K, and the referrer gets 100K

      •  

        Is this still the case??

        Tried clicking through the main link and tried a couple of referral links - only see 300k points?

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    Don't forget to get the reserve card, after you get the platinum charge card to get an extra $400 travel credit per year of membership (from memory) to further offset the annual fee.

    • +6 votes

      No longer an option.

      • +1 vote

        True.. removed last year from the product. Around August or September I think.

      • +2 votes

        Which makes the reserve card absolutely useless imo.

  • +1 vote

    $1,450 Annual Fee, why such a big fee and is there a way to offset as you only get $450 worth of flight credit and 350,000 Bonus Points isn't annual so how is this worth it to keep for more than a year?

    • +1 vote

      Depends on how u use the card, historically I was able to recover the annual fee plus extras with all the specials they offer with the card. Now maybe not.

    • +1 vote

      Depends on your spend @michael9865. If you have a business or if you do a lot of credit card spend then building up the points is definitely worth it. I know people who use the card for all their business transactions and end up with hundreds of thousands of points which they use for business class or even first class travel.

      If you can't rack up the points then IMHO it's not worth hanging onto the card.

  •  

    It used to have afr 12cmth membership in the past

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      It was replaced with The Australian

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        And Wall Street Journal

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      Missing this hurts for me

  • +1 vote

    The points offset the annual fee FYI.

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    Does Amex ever extend these offers to existing costumers if they ask nicely and are a valued customer?

    • +1 vote

      cancel all your cards and see them again in 18 months

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        I like my card, but this has perks that I can offset against annual fee

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      Ask for your card to be cancelled and if computer says yes at that point, the operator will confirm do you still want to proceed but because you’ve been a valued Amex customer since blah, I’m able to offer you bleh points if you do not proceed with the cancellation. However, if computer says no then they will proceed with the cancellation. IIRC you’ve got a week (?) to reinstate the card without a new application if you played the computer roulette and lost but having cancellation remorse.

      Before the consumer credit code hooha, it was as simple as ringing them up, crack a whinge about the card and threaten to cancel then here’s some points sir three bags full sir.

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        I believe the government bought that rule in the penalise Amex. Our governments serve the big 4 banks. Amex was the only credit card operator that worked a system that charged the retailer not the consumer. Their system was working, statistics showed that Amex customers were most loyal of all, and retailers worked out that accepting it was worth the surcharge. After that rule, Amex changed its whole business model and was less appealing to the customer.

  •  

    If you’re going to sign up then use a referral link from the ozbargain random referrals. Some of them have the same offer (I checked mine to confirm) and you’ll do someone a favor by clicking through their link 👍

  •  

    Does the 18 month period between ANY previous Amex apply to this deal? Wife has started contracting so can only roll with one income for the time being and cancelled my Amex Explorer 2ish months ago.

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      Never mind : “Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the proceeding 18 month period are ineligible for this offer.”