Offer ends 30 Sep 2026
American Express Platinum Card
American Express
The Amex Platinum is Australia's most premium personal credit card. The $995 annual fee is steep, but the lounge access, travel credits and transfer flexibility to multiple airline programs make it worthwhile for frequent travellers spending over $50,000 per year.
200,000
Bonus Points
Spend $5,000 in first 3 months
T&Cs apply. Always read the PDS.
Earn Rates
Travel Benefits
- Unlimited airport lounge access (Centurion, Priority Pass)
- Comprehensive travel insurance
- Hotel elite status (Marriott Gold, Hilton Gold)
- Annual travel credit up to $450
- Amex Concierge service
Pros
- Unlimited Priority Pass lounge access
- Flexible transfer to Qantas and Virgin
- Strong travel insurance package
- Annual travel credit offsets the fee
Cons
- High $995 annual fee
- Amex not accepted everywhere
- Bonus capped at new cardholders only
Frequently Asked Questions
Is the Amex Platinum worth the $995 annual fee?
For frequent travellers who use the lounge access and travel credits, the card easily returns more than $995 in value per year. The $450 travel credit alone covers nearly half the fee.
Can I transfer Membership Rewards points to Qantas?
Yes, at a 2:1 ratio — 2 Membership Rewards points convert to 1 Qantas Point. Transfer to Velocity is at 1:1.
Is Amex accepted widely in Australia?
Amex acceptance has improved significantly, but around 10-15% of merchants still don't accept it, particularly smaller businesses.
Ready to Apply?
Read the full terms on the issuer's website before applying.
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Last updated June 2026