When is Amex Platinum annual fee charged?

The American Express Platinum Card comes with an annual fee of $550 that is charged on the anniversary date. However, the card allows a grace period for annual fee cancellation of 30 days. The date on which the annual fee is charged is an important consideration when applying for a new card or deciding whether to keep one because knowing when annual fees are charged can help you budget for the cards you want.

In addition, it is noteworthy to mention that the American Express Platinum Card comes with many perks, rewards, and tangible benefits that offset the annual fee. Here’s why this card is worth the annual fee.

Benefits

Global Airport Lounge Access

The Amex Platinum Card offers unlimited access to many airline lounges worldwide, through the Amex Global Lounge Collection. These include well-known, luxurious lounges such as Centurion, Amex International, Delta Sky Club, Priority Pass, Plaza Premium, Escape, and Lufthansa Lounges. This way you will have the ability to enter more than 1,200 airport lounges in 130 countries.

A Generous Welcome Bonus 

The Amex Platinum offers a huge welcome bonus, allowing you to offset the annual cost of $550. You will receive 75,000 membership points when you make $5,000 in purchases in the first three months since the account was opened, which would have normally taken $75,000 of spending to earn. 

Travel Benefits

The Amex Platinum allows you to earn 5x points on hotels and flights booked through American Express travel services. Additionally, you will receive special benefits such as room upgrades, late checkout, breakfast for two, and complimentary wifi. The card even has trip cancellation, interruption, and delay insurance to provide a safer and better travel experience. 

Conclusion

The American Express Platinum Card’s $550 annual fee is charged on the anniversary date. The card not only earns 5x points on travel and hotel purchases but also has an initial bonus of 75,000 points and a gift of $200 in airline credits, outweighing the annual fee.