What is American Express (Amex) USA Platinum Card?

28 Apr 2023

The Amex USA Platinum is a high-end credit card with a welcome bonus, luxury perks, and other value-added services. Cardholders receive Uber credits, airfare discounts, bonus points, cashback, and other benefits. Unlike most credit cards, this one allows you to carry a balance for some but not all charges.

However, there is a catch: Amex USA Platinum has a $695 annual fee, which is high compared to other options.

Many people are willing to pay the annual fee because of the incredible benefits the Amex Platinum card offers. Potential applicants must understand whether their lifestyle and financial circumstances are a good fit for the Amex Platinum Card before deciding whether the cost is worth it.

A premium credit card like the Amex Platinum is appropriate for people who don't mind paying a high annual fee ($695). You should note that some benefits require enrollment. Cardholders must also pay interest on purchases not paid off by the deadline listed on their monthly statement.

Suppose you spend $2,000 using your Amex USA Platinum card, and the company sends you a bill for the same amount. If you pay off the complete balance before the due date, you will not have to pay any interest charges. But if you only make the minimum payment and carry a balance, you'll be charged interest on the outstanding amount.

Read more:

Types of payment gateway.

Benefits of online payment gateway.

American Express (Amex) payment gateway.