Platinum Credit Card from American Express

Card Details
Overall Rating:
Issued By:	American Express
Card:	Platinum Credit Card
Network:	Amex
Category:	Rewards
Acceptance:
Insurance:	Purchase, Price, Travel Accident
Service:	Online account management, Global assistance helpline, Online Fraud Protection, Purchase Protection Benefit.
Comments:	Quite simply the most generous reward card on the market
Pitch:	"Earn upto 2% cash back on just about everything you buy."
APR & Rates
Typical APR:	8.9%
Interest Free Days:	56
Minimum Repayment:	-
Annual Fee:	No annual fee will be charged to your account as long as your spend £500 in the 12 months.
Balance Transfers
APR:	4.9%
Period:	For the life of the balance on all balances transferred within the first six months
Charges:	2% of the Balance Transferred or £40, whichever is the lesser.
Purchases
APR:	-
Period:	-
Rewards
Type:	Cashback
Description:	Up to 2% MoneyBack on all Card Purchases
Reward Rate:	1.25%
Period:	On most Purchases
Comments and Reviews
Aimed At:	Big spenders who usually shop in outlets where Amex is welcome, and have an annual income of over £20,000
Updated Review:	When we first reviewed the American express Platinum credit card it were not as widely accepted as Mastercard or Visa. But I have only been to one place that has not taken my Amex card. There are still a number of place especial online shops that still wi
Review:	The latest offering from card giant American Express has to be the most generous credit card on the market. Whereas other credit cards struggle to offer 1% cashback, the American Express Platinum card offers up to a very generous 2%, on purchases above £7,500 per year. This might sound like a lot, but then again this card is clearly aimed at the high-income user. An £80 weekly food bill at the supermarket, a tank of fuel each week, and what one or two meals out will very rapidly add up to this spending requirement. With interest rates at 14.9%, this card is much better value than other American Express credit cards. It is still aimed at people who pay off the balance in full each and every month. If you do not do this, the rewards are counterproductive, as there are so many more credit cards on the market which will offer a much better interest rate. Even though this card offers an extremely generous cashback rate, the temptation to spend more to earn additional rewards, or even just to meet the required thresholds can make this card a lot more expensive than it looks. As with all cashback credit cards, we would suggest reading our cashback credit cards checklist before applying for this card. Note that unlike chargecards from American Express, there is no annual fee on the American Express Platinum credit card, and there is no obligation to pay the balance in full each month, although we would obviously strongly advise doing so. The American Express platinum card even offers members the opportunity to take advantage of a balance transfer at an interest rate of 4.9%APR. Although this offer is attractive, there are obviously plenty of other credit card offers with a 0% balance transfer rate. How the deal works: There is no annual fee charged, providing a minimum of £500 is spent each year on the card. Cash back is provided at the following rates: Annual Spend Cashback Rate First £3000 0.5% Between £3001 and £7,500 1% Any spend above £7,501 2% Verdict: Although this card has much lower balance transfer and interest rates compared to other American Express products, its real advantage lies in the top 2% cash back, which is twice as good as its nearest rival.
Verdict:	Although this card has much lower balance transfer and interest rates compared to other American Express products, its real advantage lies in the top 2% cash back, which is twice as good as its nearest rival.
Apply Online:	Click here to apply for this Platinum Credit Card from American Express
Overall Rating:

 
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