Point Hacks Credit Card Guide

80,000 Membership Rewards Points with the American Express Platinum Charge

American Express are offering up to 80,000 Membership Rewards Ascent Premium points for new applicants of the American Express Platinum Charge Card.

Recently, they turned their eye to the benefits and fees of card, with a new (well, returning) and enhanced benefit of Accor Plus membership, an increase in the included travel credit from $300 to $450, and an extension of the travel insurance coverage to additional card members, not just the primary cardholder.

The physical card also got a makeover, with the card now being fully metal and looking very upscale.

However, the annual fee also went up from an already high $1,200 to $1,450. These benefits and changes took effect for new applicants as of 17 July, and for existing cardholders, the higher fee and increased travel credit will hit from their next fee renewal date after 1 November.

American Express are also now including a complimentary premium digital subscription to the Australian Financial Review, which retails at $628 per year, as another perk.

Our take? The $250 fee increase is unfortunate but the additional travel credit and Accor Plus membership helps to offset it—whether it does entirely depends on whether you’ll get use out of Accor Plus, as if you do, then you should hopefully be getting more value than before.

While the card is arguably the most premium account on the market in Australia and has a high annual fee, the number of benefits that come with it are substantial, so need some explanation on how to get the most from them.

It is worth knowing that Membership Rewards Ascent Premium points are transferable to 10 key frequent flyer programs, including Qantas Frequent Flyer, Velocity Frequent Flyer, KrisFlyer, Asia Miles, Etihad Guest and more—on a 1:1 basis.

A minimum spend of $3,000 within the first 3 months is required to receive the 80,000 bonus points. The points will be credited to your account around 8-10 weeks after the minimum spend is reached.

How you could use the bonus points from this card

All redemption figures shown are examples only and exclude accompanying taxes and fees. Points redemption price data is provided by a third-party, so inaccuracies may be present. Please check with the airline directly for a complete and accurate total redemption cost.

You can also join our email course specifically on the benefits of the Platinum Charge—you should be able to see the opt-in form at the bottom of your screen. In the course, we break down the benefits of the card to help anyone interested in figurinhg out if the card and its annual fee is worth it for them.

The Platinum Charge Card is aimed at those who travel frequently, fund their own travel, and can be savvy with using the benefits of the Amex Platinum offering. If you do, you’ll hopefully get at least the value from the annual fee each year from the wide range of perks and deals on offer.

If you are a business owner spending on advertising, IT or other business-related expenses more than dining or travel, the Business Platinum Charge Card might have the potential to earn more points than the consumer variant of the Charge card.

Card Details

CardAmerican Express Platinum Charge Card
Loyalty ProgramAmerican Express Membership Rewards (MR)
Points earned from spend3 MR points earned per $1 spent at restaurants
2 MR points earned per $1 on travel, and
1 MR point per $1 everywhere else except for utilities and the ATO
Travel benefitsAccess to Platinum Travel Service, Platinum Concierge, American Express Travel Online and Fine Hotels & Resorts Program
Overseas transaction fee3% of the converted amount
Minimum income$100,000 p.a.
Included insurancesTravel insurance, Purchase Protection, Roadside assistance insurance (PDS)
Annual fee$1,450 p.a.

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramDomestic SpendOverseas Spend
Qantas Points1 point / $2 points / $
Velocity Points1 point / $2 points / $
Singapore Airlines KrisFlyer Miles1 Mile / $2 Miles / $
Cathay Pacific Asia Miles1 Mile / $2 Miles / $

Key things to know

It is worth noting that the Platinum Charge Card is as indicated, a charge card. This is slightly different to a regular credit card in that the balance needs to be paid off in full every month, otherwise, charges or penalties apply. American Express explain this in much more detail here.

The Platinum Charge Card also requires a minimum annual income of $100,000. Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18-month period are ineligible for this offer.

Earning points from spend on the Platinum Charge

With the American Platinum Charge Card, you’ll be earning Membership Rewards points.

Membership Rewards partners with the major frequent flyer programs in the region, allowing points transfers out to Velocity Frequent Flyer, Cathay Pacific Asia Miles, and Singapore Airlines KrisFlyer.

There is a dedicated Point Hacks guide just to this program, so check that out for full details.

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On top of the standard benefits of Membership Rewards points, Platinum Charge Card account holders are also able to transfer their points to Qantas Frequent Flyer, one of only a couple of cards in the market that can do this.

Be sure to read our post on when it makes sense to transfer Amex points to Qantas to make sure you’re getting the best value from your points balance.

If you do choose to transfer your points to Qantas, you may be able to take advantage of the bonuses Qantas offer occasionally to bump up your Qantas Point balance.

The earn rate on spend for the Platinum Charge Card is as follows:

  • 3 points per $ at restaurants in Australia
  • 2 points per $ on travel (airlines and accommodation)
  • 2 points per $ on overseas spend—with a 3% foreign exchange surcharge
  • 0.5 points per $ on utilities, telecoms and government transactions
  • 1 point per $ on everything else

This card is also eligible for Amex Local Champion to help pick up bonus points at local retailers.

For reference, the full set of terms for the Platinum Charge Card Membership Rewards program are here.

There’s also a 300,000-points-per-year cap at the bonus point rate, after which all earn goes down to 1 point per $; total points earn is then uncapped.

Lounge access with the American Express Platinum Charge Card

There are several airline lounge options you can take advantage of as a Platinum Charge cardholder.

Virgin Australia offers the primary cardholder unlimited access to Virgin Australia domestic lounges—and you’ll also be able to bring in a guest travelling with you. You’ll need to be travelling with Virgin Australia to gain access.

Virgin Lounge Melbourne Interior-w

The Virgin Australia Lounge in Melbourne

American Express also has a growing network of Amex-branded airline lounges globally, including one in the Sydney Airport International Terminal and another at Melbourne International Airport.

American Express Sydney Lounge 2

American Express Sydney Lounge

Generally, you can bring two guests to the American Express lounges, as well as children travelling with you, and with the Platinum Charge Card, you are able to access the Sydney lounge and Melbourne Lounge (and others globally) on an unlimited basis, regardless of which airline you are flying.

We’ve written about the other American Express Lounges, mainly located in the US as well as one in Hong Kong, in our guide to the American Express Lounge network.

The Centurion Lounge in San Francisco

You’ll also receive a Priority Pass lounge membership, valued at $531 per year, for you, an additional card member, and a guest travelling with you. You and an eligible guest are also able to get free food and drinks ($36 per person off the total bill) every time you dine at the eateries added to the network at Sydney, Melbourne and Brisbane Airports.

There’s also a 10% discount on paid Priority Pass memberships here for Point Hacks readers.

The fourth lounge network Platinum Charge cardholders get access to is Plaza Premium, which operates a small number of about 50 high-quality lounges worldwide, including great lounges in Melbourne and Brisbane’s International Terminals. You can read more in our Plaza Premium guide.

The Plaza Premium Lounge in Melbourne

Additionally, when travelling with Delta, a Platinum Charge cardholder can access Delta SkyClub lounges.

Cardholders travelling in any class with Lufthansa, SWISS and Austrian Airlines can also access the Lufthansa Business Class Lounges in the Satellite area of T1 Concourse B at Frankfurt Airport and T2 at Munich Airport, while those in Business Class can access the Lufthansa Senator Lounges in the same terminals.

Access to travel booking benefits and services through Platinum Travel Service & American Express Travel Online

American Express Travel is available to all Amex cardholders but Platinum Charge cardholders can get a lot of additional value, and may choose to use American Express Travel as their personal travel agent.

Platinum Charge cardholders will also receive a $450 travel credit each year for eligible bookings made through American Express Travel.

For Business Class fares, Amex Travel has competitive pricing and has access to a wide range of discounts that may not be publicly available.

This is primarily across their partner airlines—Qantas, British Airways, Delta, Emirates, Etihad, Singapore Airlines, South African Airways and Virgin Australia.

Read the terms and conditions here.

American Express Fine Hotels & Resorts is only for Platinum Charge cardholders

American Express Fine Hotels & Resorts (FHR) is a unique benefit for cardholders, which offers even more hotel benefits when booked through American Express.

FHR homepage

Enjoy competitive rates and complimentary benefits that offer an average total value of more than AU$700* at over 1,000 extraordinary properties worldwide when you book FINE HOTELS & RESORTS.

The benefits typically are subject to availability, but can include:

  • An on-property benefit, often $100 USD in credit per stay
  • 12pm early check-in
  • Room upgrade if available
  • Complimentary breakfast for two
  • Guaranteed 4pm late check-out
  • Complimentary wifi

With many FHR bookings, you’ll also continue to receive points and status with the parent hotel loyalty program too, unlike other consolidators.

I have reviewed the kind of treatment you get when booking hotel stays through Fine Hotels & Resorts at the Shangri-La properties in Sydney and Cairns.

Hotel status & membership that comes with the American Express Platinum Charge Card

Beyond the actual travel booking benefits and discounts, there’s also the potential to gain elite status in four hotel loyalty programs:

You’ll also get car rental elite status with both Hertz (Gold Plus Rewards) and Avis (Preferred).

Complimentary Accor Plus membership

Also included with the Platinum Charge Card is a complimentary membership to Accor Plus, which has an annual fee of $395 if bought separately.

This membership offers benefits such as a free night at a hotel in the Asia-Pacific each year you hold the card and the potential for large discounts at restaurants within hotels, even when you are not staying at one.

Platinum Charge Card Travel and other Insurances

I always err on the side of not providing too much commentary on credit card travel insurances because everyone’s needs are different. That said, the coverage provided by American Express for Platinum Charge cardholders, and now their additional cardholders, is one of the main benefits of holding the card.

You can and should read the PDS for the insurance benefits of the Platinum Charge Card here.

The insurances included are:

  • Travel insurance, including for points redemption bookings from using points earned by your Platinum Charge Card
  • Travel Inconvenience Cover – up to $700 on hotel accommodations, meals and/or clothing
  • Personal Baggage, Money and Documents Cover – up to a maximum of $30,000 per 365-day period including $5,000 for any one item/pair/set of valuables, $1,000 for money or mobile phone and $3,000 for any one laptop
  • Up to $125,000 of loss damage waiver insurance for rental cars
  • Up to $500 to repair a broken smartphone screen
  • Purchase protection
  • Roadside assistance insurance
  • Home Assistance cover up to two times per year

This guide references some of the benefits of insurance policies provided with this card.

You should read the PDS and obtain independent professional advice before obtaining this product.

Smartphone Screen Insurance is unique in the market as a credit card insurance offering, and it will cover you for screen repairs up to $500, with a 10% excess on the claim. If the Smartphone is paid on a monthly contract, cover will start 30 days from the date of the first monthly payment on your card.

We have covered off some of the details of the rental car benefits and insurances offered by the Platinum Charge Card in this dedicated guide.

American Express Apple Pay & Android Pay support

American Express cards support both Apple Pay & Android Pay, meaning you can use this card on your smartphone for easier payments. Find out more in our guides for each of the compatible services.

80,000 Membership Rewards Points with the American Express Platinum Charge was last modified: November 13th, 2018 by Keith

Downsides to the American Express Platinum Charge

Given the $1450 annual fee, you’d hope that the Platinum Charge Card would be pretty much perfect—but there are some missed opportunities.

There are a few ways the card could be made better—firstly, some of the partnerships have specified end dates, giving a little uncertainty about whether they will be renewed for future years. Given the relatively high fee, it would be good to know for sure.

While bonus points are offered on overseas spend (2 points per $1), a 3% foreign exchange fee is charged on these transactions. The US version of this card provides no foreign exchange fees, by comparison.

There is also no airline status supplied with the card—although the included lounge access goes some way to making this up, airline status can help to get seats assigned and improve upgrade possibilities.

Taking advantage of additional cardholders

The Platinum Charge Card offers additional cards linked to your primary account for cardholders over 18 years of age.

The Priority Pass membership can be used by one additional card member as well as the primary account holder. The following statuses can also be registered for at least one additional card member:

  • Preferred Golf complimentary membership
  • Marriott Rewards-Starwood Preferred Guest Gold Elite
  • Radisson Rewards Gold Elite
  • Hilton Honors Gold
  • Shangri-La Hotels Golden Circle Jade
  • Hertz Gold Plus Rewards
  • Avis Preferred

Registration of status benefits for additional cardholders is handled mostly through the Amex website once you have set up the cardholders on the account.

You can also get itemised transaction reports for additional card members through the Amex website or your statement.

Sign up for Amex offers

Amex Offers is a program which provides a statement credit to your account for making an eligible purchase. Think of it as an instant cashback offer without having to deal with any paperwork.

By logging into your app or the Amex website, you can add promotions from certain retailers to your Platinum Charge Card, meaning you could get something like $15 off when spending $75 or more at Heinemann Duty Free and paying with this card.

Using the card for business expenses

Given the annual fee of this card, and the points bonuses for dining, travel, and overseas spend, many cardholders choose to use it for as many expenses as possible.

Business expenditure can be put on the card. American Express offer a unique option to add an ‘additional’ card (this is different to an additional card member, as outlined above). An additional card is second card that’s issued in the cardholder’s name with a different card number, which makes it administratively ideal for using your primary card for personal transactions, while you keep the additional card to one side for business transactions.

When looking up your statement and transaction history online or in downloaded or paper statements, transactions are itemised by cardholders (additional card and additional card members) making it much easier to reconcile.

For small business owners, Xero also handily allows import of transactions made just on one card into your Xero account.

If you use the card solely for business use the annual fee may be tax-deductible, but check that with your tax advisor to be sure.

Considering this card for Business-related transactions?

American Express offer a range of both business and consumer charge and credit cards. They do permit business transactions to be made on personal cards, unlike some other banks, but you might find some of the other business-focused benefits of the business cards to be appealing or more appropriate.

So – if you’re a sole trader or a business looking to earn points with your business spend – this card would still work for that purpose.

There’s a full list of business and personal consumer American Express cards which might be suitable for earning points from business-related transactions here.

80,000 Membership Rewards Points with the American Express Platinum Charge was last modified: November 13th, 2018 by Keith

Eligibility criteria for bonus points for existing American Express Card Members

American Express are quite specific about whether existing Card Members will be eligible for bonus points if they apply for a card, are approved, and meet the minimum spend criteria.

If you hold a bank-issued American Express – such as from Westpac, Commonwealth Bank or NAB – that won’t affect whether you’re eligible for bonus points with an American Express branded card offer. There’s more in our guide to this here.

However American Express don’t allow existing cardholders, even for different types of American Express cards (e.g. Charge, Credit or Business) to be eligible for bonus points offers for cards in a different family.

80,000 Membership Rewards Points with the American Express Platinum Charge was last modified: November 13th, 2018 by Keith

Summing up: the American Express Platinum Charge Card

This card is likely to appeal most to those who travel frequently and who spend enough to earn enough points to make the most of both kinds of benefits of the card.

If you take advantage of the softer benefits, such as concierge and insurance services too, there’s also a lot of value to be had.

Ultimately these are prestige and elite cards and for those who know how to get the most out of them, they can be really lucrative. But they aren’t for everyone, so it’s important you assess whether it meets your personal requirements.

Once you’re a cardholder, take advantage of the Amex referral program to earn more points.

The American Express referral program allows cardholders to earn points by referring their friends and family to apply for other American Express cards, offering both the applicant and the cardholder bonus points for doing so.

There’s a full guide to the referral program here.

80,000 Membership Rewards Points with the American Express Platinum Charge was last modified: November 13th, 2018 by Keith

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Comments

  1. Steven

    G’day Keith,
    I am having trouble trying to get this addition card. I am getting told it is not possible when I phone amex do you have a contact who knows about this additional card because the couple times I have rung i can not find anyone who knows about it.

    Business expenditure can be put on the card. American Express offer a unique option to add an ‘additional’ card (this is different to an additional card member, as outlined above). An additional card is second card that’s issued in the cardholder’s name with a different card number, which makes it administratively ideal for using your primary card for personal transactions, while you keep the additional card to one side for business transactions.

    • Mmmm that sounds frustrating. I would recommend reaching out to Amex via their online chat function rather than by phone—maybe that will give them more time to research it and find the right person. Let us know how you go.

      • Steven

        4 phone calls over 2 months and 1 online chat and on the 5th phone call managed to find someone who knew what I was talking about.
        Card is said to be on its way.

      • Oh my, what a process. Glad it finally worked out in the end! For anyone else reading this that is in the same predicament, do you have any advice on how to fast-track this the quickest?

  2. With amex platinum perk I matched my SPG Gold to Marriott Gold, when the change over happened it was Platinum Elite on my Marriott account but still Gold Elite on my SPG account and then as of today both have been downgraded to Gold Elite?

    Did anyone else have this issue?

    I would think that the higher account would be honored?

  3. Babs

    Am I missing something or is the regular spend earn rate of 1 point per $ spent disappointing for a card with this high annual fee? I have been considering this card for the benefits, but feel I may need to also retain a card like the Amex explorer just for the earn rate? Or is there work around without another annual fee that I am missing?

  4. Daniel

    In order to get the hotel status benefits, is it required to pay the room expense by this card? Or can I redeem free room by points then just present this card to the reception then may have the room upgraded?

    • You don’t need to use the card for the hotel stay at all. When you become a cardmember, you enrol in the elite status benefits through the American Express page. Then you can use whichever card you want for hotel stays.

  5. Peter D

    This is my main card and it’s great to see the return of the Accor Plus benefit as this is something I’ve been purchasing anyway. A few things frustrate me however:
    1. The 0.5 on government spend and utilities. When paying for things like rates or Internet bill, I have to use my Visa instead because it gives me 1:1 (Qantas) points.
    2. The currency conversion commission as mentioned above, especially since it’s included in the US card which is substantially cheaper. I have a separate point earning MasterCard without the fees instead.
    3. Standard spend gives 1:1 points when other Amex Platinum cards give 1.5 points per $1. Shouldn’t the flagship card have the best everything Amex has to offer?

  6. Michael

    Has anyone ever had any luck negotiating the sign-up bonus even though they are an existing cardholder?

    I spend a fair amount of money on my Platinum Edge and my guess would be that Amex would lose more money if I cancelled by card for 18 months to qualify for the sign-up bonus, rather than award me the bonus points for signing up for the Platinum Charge.

    Just wondering if anyone had been successful in this approach?

    • James

      I got the 100k signup bonus a month ago while still having a current platinum edge card
      did not expect it….but it arrived none the less

  7. Kevin

    Hi Matt and Keith – are you aware if the Reserve card with its $400 travel credit is still available as a complimentary option, given the updated card benefits?

    • Keith Author

      Sorry for the delayed reply here – Yes, the Platinum Reserve is definitely still available with the revised benefits of the Charge. We’ll be writing this up in full soon.

Links to this article

  1. American Express Membership Rewards Benefits Guide

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