Amex Platinum Travel credit card is one of the best travel credit cards in India. It gives ~7% reward rate post annual fees, which is probably unparalleled in the industry. Below is a detailed review of this credit card.
Amex Platinum Travel Credit Card
- The first-year fee of 3500+GST (i.e. 4130). Second year onwards 5000+GST (i.e.5900). Joining benefit of 10,000 MR points.
Rewards and Benefits:
- Base Reward Rate: 1MR point for every INR 50 spent. Value of 1RP =50p. i.e. 1% (Considering redemption value for Taj vouchers). No reward points for spending on fuel, insurance, utilities and cash withdrawal.
- Accelerated Reward Rate: 3MR points for every INR 50 spent on the Amex Reward Multiplier portal (similar to the HDFC Smartbuy portal).
- Milestone Rewards:
- On spending 190,000 in a year, you get 15,000 MR points. At 50p, that’s 7.5k in Taj vouchers. This is a straight 4% (7500 /190000) reward rate.
- On spending 400,000 in a year, you get additional 25,000 MR points. This is in addition to the 15,000 MR points received earlier. So overall 40,000 MR points. This translates into a 5% reward rate on 400,000 in milestone spending alone.
- That’s not all. You also get a 10,000 Taj voucher for spending 400,000. So overall, you get 40,000 MR points + 10k Taj voucher as a milestone benefit on spending 4lk. This translates into a whopping 7.5% reward rate on an annual spend of 4lk.
- Accounting for the regular MR points on your spending and an annual fee of 5900. You still end up with a handsome reward rate of 7%.
- Lounge access:
- The primary cardholder has access to 8 lounge visits (max 2 per quarter) in a year. A list of lounges is available here.
- One disappointment here is that the Amex Platinum Travel Credit Card does not provide access to Amex lounges. 😞
Thoughts on Amex Platinum Travel Credit Card
Great card for those lumpy annual spends
Amex Platinum Travel credit card is a great card for those lumpy annual spends (ala insurance spends). Unlike, the Axis Magnus credit card (apply now) milestone benefits in this credit card are on annual spending. Thus, you can pay the lumpy annual spends such as insurance premiums thru this card and easily reach the milestone spends.
I personally use this credit for most of my insurance spending. Though this credit card does not give reward points on insurance spending, the spending is considered for the annual milestone. Further, if you make the payment thru Amazon Pay at times you do get reward points. Not to forget that Amex generally brings in offers on insurance payments during Jan-Mar months.
Thus, applying for this card now and being ready makes sense
Similarly, you can use this card for fuel spending in conjunction with other spends. Thus you end up with a cool 7% reward rate on fuel spending too. 😇
Any Amex offer is by default a double dip on this card
Any offer from Amex is a double dip on the Amex Platinum Travel credit card. Simply because the offers run in addition to the card features. Thus, for example, if Amex has an offer that says, “Spend 2lk and get vouchers worth 10K.” On this card, the 2lk spent will get you 10k vouchers plus the 15k MR points on spending 1.9lk.
A phone call always helps during renewal 😇
While the Amex Platinum Travel credit card does NOT offer spends based fee waiver, you should always call up customer care during renewal. My experience is they will give you some offers such as adjusting reward points against annual fees or extra reward points for making the payment. If your spending is above their threshold then you may very well get a fee waiver too.
Reward multiplier gives 3x points
You get 3x MR points on your purchases on the Amex Reward Multiplier website compared to 2x offered on the MRCC credit card.
No access to the Amex lounge
One of the biggest grouses with this credit card is it does not provide access to the famed Amex lounges. I mean they can easily give 1/qtr or worst 2/year access to their own lounges on this credit card.
Bonus MR points need to be manually converted into regular MR points
This is one weird rule with Amex. The milestone MR points are not automatically converted into regular MR points. You need to either chat or call customer care for those 40k MR points. I know of a case where the customer didn’t know this and his last 3-year bonus MR points were converted into regular MR points in one shot. A true bonus of 120k MR points. 😀😀😀
Reward rate is maximised only on Taj voucher or Marriott transfer
If you are someone who is not much into travel then you may find this card underwhelming. The best redemptions on this card are on either Taj vouchers or transferring to Marriott Bonvoy. Thus if you are looking for the pure statement credit you will be disappointed.
Personally, I redeemed my Taj vouchers for a stay at Vivanta Kochi, which was upgraded to a suite. Further, I redeemed the vouchers for a stay at Taj Kovalam where I redeemed points + vouchers worth 50k for a 3-night stay. I paid just 500 out of my pocket during those 3 days. 😀
Do note that the most positives and negatives of the Amex MRCC credit card are also applicable to this credit card and thus I have not repeated the same here.
Comparison with Amex MRCC, Axis Magnus and HDFC Infinia
The sweet spot for the Amex Platinum Travel credit card is around 4lk spends level. Where you get a 7%+ reward rate.
However, if you have say 5-6lk annual spends, you may consider Amex MRCC and Amex Plat Travel combo. At this spending level, these cards if optimized for spending can give you a total 6%+ reward rate post the annual fees. If you are not into the cashback game then the Amex MRCC+ Amex Plat Travel combo will be rated higher over the Amex MRCC+ SBI Cashback+Axis Ace combo.
If you apply using the link below, you can get the Amex Platinum Travel credit card free for the first year.
Not to forget the above calculations include fuel and insurance spending too. Thus, it means that you are getting a whopping 6%+ return on fuel and insurance spending too.
Amex Platinum Travel credit card is a highly rewarding card with probably the best redemption option in the travel space. At 4lk spends you get rewards worth 28k post fees, which is good enough for a 2-3 night stay at many Taj properties within the country.
In the interest of full disclosure, Credit Cardz may earn a referral bonus for anyone that’s approved through some of the links in this post. However, opinions and views expressed here are of the author's alone and not those of the bank, credit card issuer, or anyone else and have not been reviewed, approved or otherwise endorsed by any of these entities.