The American Express Platinum Card comes with a high annual fee of HK$9,500. You might be wondering if this fee is worth it. In this blog post, MoneySmart will take a closer look at the details of AE Platinum Card offers overview and annual income requirements to help you find the answer.
Now, let's explore the exciting features of the American Express Platinum Card!
American Express Platinum Card: Is it worth applying? MoneySmart credit card rating
- Foreign Currencies spending during welcome offer period
- Up to 9% rebate
- 1,550+ airport lounges
- Unlimited access
- Spend on airlines, selected online travel agencies
- As low as HK$2 = 1 Mile
【June Limited Flash Offer: The Platinum Card limited time offer and choose 1 of the rewards！】
⚡10-day flash! Upgraded Welcome Offer A : Earn a new notebook🍎
From now until 18 June 2026, New Cardmembers^ who successfully apply for The Platinum Card via MoneySmart (click apply now button on the right), settle the HK$9,500 annual fee and complete spending requirement of HK$60,000 in first 3 months (Local & foreign currency spending are included), can enjoy HK$6,000 Apple Store Gift Card (🛡️ Buy electronics with Platinum Card get 1 extra year warranty)
Welcome offer B: Earn up to 117,222 miles - enough to redeem a round‑trip for two to Europe ✈️
From now until 30 June 2026, New Cardmembers^ who successfully apply for The Platinum Card via MoneySmart through this link, settle the HK$9,500 annual fee and complete the designated spending requirements can earn a limited-time welcome offer of up to 2,110,000 points, which can be converted to 117,222 miles or HK$7,033 credits.
Earn an extra HK$50 statement credit upon a single Octopus top-up transaction of HK$600 on mobile devices in the first 3 months.
Terms & Conditions Apply.
American Express Platinum Card—Is it MoneySmart? | ||
Overall: ★★★★☆ | ||
Best for: Earning miles/Cashback | ||
Category | Our rating | Explanation |
Earn rates: air miles & cashback | ★★☆☆☆ | – HK$6/mile for overseas spending and |
Earn categories | ★★★★★ | – All spending is eligible for earning Membership Rewards Points |
Annual fees and charges | ★☆☆☆☆ | – HK$9,500 annual fee cannot be waived. |
Accessibility | ★★☆☆☆ | – No specific annual income is mentioned on the official webpage (Assumption: HK$1,000,000) |
Extras/periphery rewards | ★★★★★ | – HK$4,200 statement credits for dining/travel |
Welcome offer | ★★★★★ | – Up to HK$20,880 in perks and offers |
Table of contents: American Express Platinum Card review
- American Express Platinum Card: Is it worth applying? MoneySmart credit card rating
- American Express Platinum Card: Charge Card vs. Credit Card
- American Express Platinum Card: Annual fee
- American Express Platinum Card: Welcome offers
- American Express Platinum Card: Perks
- American Express Platinum Card: Membership Rewards Points
- American Express Platinum Card: Miles redemption
- American Express Platinum Card: Eligibility
- Frequently asked questions: American Express Platinum Card review
American Express Platinum Card: Charge Card vs. Credit Card
The Amex Platinum Card has 2 types of cards: a charge card and a credit card. The difference between these 2 cards lies in the credit limit.
Charge Card
This card has no pre-set spending limit and no interest charges. However, you must pay the balance in full each month. Your spending limit is determined by factors such as your card usage, payment history, credit record, and financial resources.
Credit Card
When you open an account, you are offered a line of credit limit that allows you to make purchases and pay back the amount later. If you pay less than the full balance, you will be charged interest on the amount owed.
American Express Platinum Card: Annual fee
The Amex Platinum Card has one of the highest annual fees among all credit cards, charging HK$9,500 with 2 included supplementary Platinum cards. However, there is no annual fee waiver.
Why does it charge such a high fee? And is it worth it? Take a look at the combined value of the following perks offered by this card to determine if it's worth the cost!
Perks | Details | Total |
Welcome Offer | 1,000,000 Membership Rewards points = 55,555 miles = a double round-trip to Osaka = HK$9,000 | HK$9,000 |
American Express Global Lounge Collection® | Free lounge access with complimentary access | Exclusive to Amex Card Holders |
Fine Hotels + Resorts® | Complimentary benefits | HK$4,680 |
Yearly Travel Insurance | Chubb yearly travel insurance coverage for 3 policyholders | HK$3,000 |
Statement Credits | HK$2,200 ATO benefit + HK$2,000 global dining credit | HK$4,200 |
Total offer worth | HK$20,880 | |
Is it worth the annual fee of HK$9,500? It is not that complicated to earn the HK$9,000 welcome bonus and enjoy the other benefits of the card, earning up to HK$20,880. So, if you are a frequent traveller, Amex Platinum Card can be your travel companion to get the most out of it!
American Express Platinum Card: Welcome offers
The Amex Platinum Card offers an enhanced, comprehensive package for new cardholders. You will receive Membership Rewards Points that can be converted into miles with this amazing welcome offer. Please see the following for more details on the points offered:
Bonus | Details | Requirement |
Online Bonus | 100,000 Membership Rewards points | Upon first transaction made |
Welcome Offer | 500,000 Membership Rewards points | Upon spending HK$15,000 in the first 3 months |
| Extra 400,000 Membership Rewards points | Upon aggregate spending of HK$50,000 in the first 3 months |
Total Bonus | 1,000,000 Membership Rewards points | |
You can redeem the total of 1,000,000 Membership Reward Points for 55,555 miles, which is enough for round-trip tickets for 2 guests to Tokyo, Osaka, or Seoul! (At the rate of 18 Membership Reward points per mile.) The cost of a double round-trip ticket is approximately HK$9,000, which covers most of the first-year annual fee of HK$9,500.
American Express Platinum Card: Perks
The American Express Platinum Card offers an impressive array of benefits that cater to various aspects of your lifestyle. From travel perks to dining privileges and even exclusive movie offers, this card has it all.
Amex Platinum Card Travelling Perks: American Express Global Lounge Collection®
With the Amex Platinum Card, you can now enjoy access to over 1,400 lounges in 650 cities across 140 countries and counting.
Platinum Card membership includes access to the following privileged lounges:
Lounges | How To Enter? | How Many Complimentary Guest Accesses? |
The Centurion® Lounge | Platinum Card, government-issued I.D., and same-day boarding pass | 2 guests |
Delta Sky Club® | Platinum Card, government-issued I.D., and same-day boarding pass | Extra fees are applied to each guest's access |
Escape Lounges | Platinum Card, government-issued I.D., and same-day boarding pass | 2 guests |
Plaza Premium Lounges | Platinum Card, government-issued I.D., and same-day boarding pass | N/A |
Priority Pass™ | To use the Priority Pass Card at a lounge, cardmembers must enrol beforehand. They can present either their Priority Pass Card or Digital Membership Card (DMC) at a lounge that accepts DMC, along with their valid ID and boarding pass. | N/A |
Lufthansa | Platinum Card, government-issued I.D., and same-day boarding pass | Extra fees are applied to each guest's access |
Additional Global Lounge Collection Partner Lounges | Platinum Card, government-issued I.D., and same-day boarding pass | N/A |
The Centurion® Lounge
Introduced in 2013, the Centurion Lounge offers a competitive alternative to international airline lounges. These luxurious lounges, available only to departing passengers, have gained immense popularity.
Experience exquisite Centurion Lounge amenities, with perks like tarmac views, conference and phone rooms, spas, and relaxation rooms. Enjoy impeccable service at the member services desk, indulge in locally inspired cuisine by renowned chefs, and relax in the family room with high-speed Wi-Fi. Engage in leisurely reading with a variety of magazines and newspapers. Savour curated cocktails and exceptional wines.
The Centurion Lounges are exclusively designed for discerning travellers like yourself. Access is reserved for esteemed American Express credit card holders, who can bring 2 guests. You can access the lounge up to 3 hours before your departure time on the same day. Remember, it's first-come, first-served, so be sure to enter the lounge once you've checked in to fully enjoy the experience!
Amex Platinum Card travel perks: Fine Hotels + Resorts®
Explore over 1,300 extraordinary properties worldwide and elevate your travel experience. When you make your booking with Fine Hotels + Resorts through American Express Travel Online, you will receive a range of complimentary benefits with an average total value of HK$4,680, not limited to the following perks:
- Complimentary daily breakfast for 2 people.
- Up to US$100 experience credit to use towards food and beverage or spa.
- Guaranteed 4 p.m. late checkout and noon check-in when available.
- Room upgrade upon arrival, if available.
Amex Platinum Card travel perks: The Hotel Collection
When staying for a minimum of 2 consecutive nights at the designated hotels, Platinum Card Members will receive access to the following benefits at over 700 participating hotels and resorts:
- Up to US$100 in experience credit can be used towards food and beverage or spa services.
- Room upgrade upon arrival (subject to availability)
Amex Platinum Card travel perks: Hotel premium membership
Platinum Card members can apply for complimentary hotel elite memberships, including Hilton Honors Gold membership, Marriott Bonvoy™ Gold Elite membership, and Radisson Rewards™ Gold membership. These memberships provide various benefits, such as room upgrades, additional booking points, welcome gifts, and complimentary breakfast when available.
Note that the offer is exclusive to Platinum Card members and cannot be transferred.
Amex Platinum Card travel perks: Complimentary travel insurance
Travel worry-free! With your Platinum Card, you can enjoy up to HK$4,000,000 coverage for travel accidents and HK$1,000,000 coverage for Chubb yearly travel coverage. This coverage is worth HK$1,000 for each of the following members:
- Basic Platinum Card members
- Spouse of Basic Platinum Card members (regardless of whether they are a Supplementary Cardmember)
- Child(ren) of Basic Platinum Card members over thirty (30) days and under the age of twenty-one (21), regardless of whether the child is a Supplementary Cardmember
- Supplementary Platinum Card members under the Basic Platinum Card members' card account
Amex Platinum Card travel perks: Special offers on airfare
When you choose The Platinum Travel Service to purchase an eligible First or Business Class full-fare ticket with one of our partner airlines (including Air Canada, Emirates, Etihad, etc.), you can take advantage of significant savings. Whether you're travelling alone or with companions, we're here to make your journey more affordable and enjoyable.
Amex Platinum Card cashback: Exclusive travel and dining cashback of HK$4,200
With the Amex Platinum Card, you can get up to HK$4,200 in spending credit for travel and dining.
American Express Travel Online Offer
Through American Express Travel Online (ATO), you can enjoy up to HK$2,200 in cashback for prepaid hotel and car rentals. For more details, please visit the ATO official website.
American Express Global Dining Credit
The Global Dining Privileges offer provides up to HK$2,000 in cash back at over 1,400 restaurants worldwide.
- Local Dining Credit: Up to HK$1,000 statement credit for local dining annually for over 30 local restaurants
- Abroad Dining Credit: Up to HK$1,000 statement credit for abroad dining annually in over 1,400 abroad restaurants around the world
Amex Platinum Card shopping perks
Broadway cinemas offer
The AE Platinum Card cinema offers include regular-priced tickets for Hong Kong Broadway cinemas in 3D, 2D, and IMAX formats. On Fridays, it's a buy one, get one free promotion, and on other days, there is a 20% discount.
Gourmet Club
Enjoy up to 40% off on the dine-in dinner menu at specific Maxim's Chinese Cuisine & Western Restaurants and selected restaurants from Cafe Deco Group.
30% off discount for LKF Concepts and S&S Hospitality
Get 30% off on a la carte food menu items when dining in all day at participating restaurants of LKF Concepts. and S&S Hospitality's participating restaurants.
American Express Platinum Card: Membership Rewards Points
The American Express Platinum Card offers a rewards programme called "Membership Rewards Points," which is similar to other American Express credit cards. You have the option to convert these points into 10 different choices, such as air miles, cash vouchers, or gifts, through the online platform.
Platinum Card members will earn 1 American Express point for every HK$1 spent. For overseas transactions in foreign currency (online or otherwise), members will earn 3 American Express points for every HK$1 (or equivalent) spent.
Transaction Type | Points Earned |
Local Transactions | 1 point per HK$1 |
Overseas Transactions | 3 points per HK$1 (or equivalent); note that a 2% foreign exchange fee will be charged |
Tips: The points do not expire, but there is a HK$300 handling fee for each point-to-mile conversion. It is advisable to accumulate a substantial number of points before initiating a conversion.
AE Platinum Card Membership Rewards points: Cashback redemption
With “Cover it with Points,” you can offset eligible transactions at a rate of 300 points for every HK$1 spent. This is just one of the ways you can make every day count with Amex!
AE Platinum Card Membership Rewards points: Shop with points
In addition to redeeming for air miles, gifts, and cash vouchers, AE Platinum Cardholders can use American Express points to offset designated purchases, such as "Shop with Points."
The general conversion rate is 300 points/HK$1, while some merchants offer a conversion rate of 240 points/HK$1.
AE Platinum Card Membership Rewards points: American Express Travel Online (ATO)
American Express Travel Online is a travel agency exclusively for cardmembers. You can book hotels and car rentals and pay using your Membership Rewards® points at a rate of 150 points/HK$1.
Here are the main partners with whom you can redeem your Membership Rewards points:
Flights | Hotels | Car Hire |
All major airline providers, such as Cathay Pacific, British Airways, Singapore Airlines, and Emirates, allow you to book at any time without any blackout dates. | Over 120,000 hotels worldwide | Avis and Hertz |
American Express Platinum Card: Miles redemption
AE Platinum Card allows you to convert American Express Membership Rewards points into miles with 10 airline partners, including Asia Miles, Avios, Dynasty miles, Skywards miles, Finnair Plus, Infinity MileageLands, Enrich, Qantas Frequent Flyer, Virgin Atlantic Flying Club, and KrisFlyer miles. Each conversion incurs a fee of HK$300.
Tips: Since American Express points have no expiration date, you don't have to worry about travel restrictions or the miles expiring!
American Express Platinum Card: Eligibility
To apply for the Amex Platinum Card, there is, surprisingly, no annual income requirement. As long as you meet the following criteria, you are eligible to apply for the card:
- You are 18 years of age or older.
- You are a resident or citizen of Hong Kong or Macau.
- You are willing to pay a HK$9,500 annual fee.
When applying for the Amex Platinum Card, you will receive 1 primary card and 2 complementary supplementary cards.
Final verdict: Is the Platinum card worth it?
The Platinum Card is one of the most prestigious American Express cards, second only to the Black Card. Despite the annual fee of HK$9,500, it offers a wide range of privileges, including unlimited access to airport lounges, travel insurance, and hotel membership.
The earning rate of miles or cashback is not that appealing. However, as a Platinum Basic Card Member, you can enjoy an annual statement credit of up to HK$2,200 for pre-paid hotel and car rental bookings made through American Express Travel Online. Plus, there are other travel perks such as lounge access, hotel premium memberships, ATO, and more travel discounts.
These travel perks are the standout features of the Platinum Card. Additionally, American Express provides 24/7 world-class service and yearly travel insurance coverage to ensure that you can travel without any worries.
So, this card deserves a special place in your wallet if you are a frequent traveller! It will definitely enhance your travel experience to another level!
Frequently asked questions: American Express Platinum Card review
Is the AE Platinum Card a credit card?
The AE Platinum Card is a Charge Card that requires full payment of the billed amount each month without a minimum repayment requirement. It does not have a preset spending limit. For large purchases, contact customer service or check the card's spending limits online.
Can the AE Platinum Card waive the annual fee?
The annual fee of HK$9,500 cannot be waived, but you can inquire with customer service about point rebates during renewal, typically offering at least 300,000 American Express Membership Rewards points.
Can the AE Platinum Card access lounges?
With the AE Platinum Card, you can access lounges such as Plaza Premium Lounge, The Centurion® Lounge, and Priority Pass airport lounges.
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