Is this card's annual fee worth it?

Terms from American Express, checked October 18, 2026. Change anything that doesn't match your card.

A year.

Centurion Lounges, Priority Pass and, when flying Delta, 10 Sky Club visits a year.

A one-day pass to American's Admirals Club is $79.

A year, for Marriott and Hilton Gold status, hotel perks and travel insurance.

Your spending on the card

Dining

Restaurants, takeout, delivery.

Groceries

Supermarkets, in store.

Flights

Booked with the airline. Up to $500,000 a year, then 1×.

Hotels

Booked with the hotel.

Everything else

All other purchases.

5× on flights booked with airlines or Amex Travel, on up to $500,000 a year, and 5× on prepaid hotels through Amex Travel. Everything else earns 1×.

Points Frog's estimate for each program.

2.1¢ for Membership Rewards points.

Cash back on the same spending. Citi Double Cash pays 2%.

Statement credits · how much of each you'll really use

  • Hotel credit

    $300 every six months on prepaid Fine Hotels + Resorts or The Hotel Collection stays through Amex Travel.

  • Resy dining credit

    $100 a quarter at US Resy restaurants. Enrollment required.

  • Digital entertainment credit

    $25 a month on Disney+, Hulu, Peacock, YouTube Premium and other partners.

  • lululemon credit

    $75 a quarter at US lululemon stores and lululemon.com.

  • Equinox credit

    An Equinox club membership or Equinox+ subscription.

  • CLEAR+ credit

    An auto-renewing CLEAR+ membership.

  • Airline fee credit

    Incidental fees, like checked bags, on the one airline you pick. Not tickets.

  • Uber Cash

    $15 a month, plus $20 in December, for US rides and Uber Eats.

  • Oura Ring credit

    An Oura Ring bought at ouraring.com.

  • Walmart+ credit

    A monthly Walmart+ membership, up to $12.95 a month.

  • Uber One credit

    An auto-renewing Uber One membership.

  • Global Entry or TSA PreCheck

    Up to $120 once every four years, counted here as $30 a year.

Credits for one merchant, or paid out a month or a quarter at a time, start at half used; broad travel credits at all of it. Count only what you'd have spent anyway.

Net value a year

+$1,014

Worth it

The Amex Platinum gives you about $2,384 a year in credits, lounge visits, points and perks, against a $895 fee and the $475 a no-fee 2% card would pay on the same spending. It more than pays for itself.

Value you'll use
$2,384
Credits, lounges, points and perks
What it costs
$1,370
$895 fee + $475 cash back given up
Break-even lounge visits
None needed
At $79 a visit; you entered 4
Break-even everyday spending
None needed
It pays for itself on what you entered
Where the year's value comes fromValueCost
Credits you'll use+$1,512
Lounge visits+$316
Points+$556
Annual fee−$895
No-fee card's cash back−$475
Net value+$1,014
Breakdown as a table
ItemA yearRunning total
Credits you'll use+$1,512+$1,512
Lounge visits+$316+$1,828
Points+$556+$2,384
Annual fee−$895+$1,489
No-fee card's cash back−$475+$1,014
Net value+$1,014+$1,014

Is this card's annual fee worth it? by Points Frog ↗ · An educational estimate, not financial advice.