Reader Lou sends me a link for an American Express Platinum card offering 50,000 Membership Rewards points after $3000 spend within 3 months.
Now, the Mercedes Benz Platinum American Express has been around awhile offering 50,000 points after just $1000 spend within 3 months at a $475 fee.
But the standard American Express Platinum has generally only been available with a 25,000 point bonus.
None of these are ‘my’ links, anything offering referral credit to me currently has had a maximum bonus of 25,000 points.
Seeing a 50,000 point option — and one that hadn’t previously been available — is always encouraging.
The 50,000 American Express points are certainly worth more than the $450 annual fee. The card also comes with lounge access:
- Delta lounges when flying Delta same-day
- American lounges when flying American same-day
- US Airways lounges regardless of whom you are flying
- A Priority Pass Select membership which currently includes Alaska Airlines lounges and a variety of international lounges
In addition the card comes with a $200 annual airline fee credit (you pick one airline for the year) and will reimburse the $100 fee for Global Entry expedited immigration (that can also make you eligible for TSA PreCheck).
I think the card is worthwhile on an ongoing basis for lounge access, certainly if you fly an airline other than United (where it doesn’t provide access) and certainly if you find yourself on a variety of airlines.
But there’s little question to me that it’s worthwhile getting the card for a year, given the bonus.
The best argument against getting the card is the hope for an even bigger offer, American Express has been known to send out targeted 100,000 point signup offers for the card. I’ve never personally seen one, however.