American Express Platinum credit card is one of the best credit cards available in the market today. It is one of those credit cards, which are preferred by a majority of people. American Express is among the top most preferred card issuers because of its significant rewards offered by its various cards. The Amex Platinum card is an executive credit card, which provides a welcome incentive, cash rebates, luxury perks, and many more value-added services. You can benefit from this card as you make purchases at stores, petrol pump, etc.
Like all other credit cards, the American Express Platinum card also allows its customers to build their credit score. They have the option of earning a five to ten percent discount on the premiums and annual fees. The low APR charge of this card makes it suitable for building your credit scores. As far as the rewards are concerned, they come in different forms, namely as gift rewards, cash back rewards, and air miles reward programs.
Cash back rewards are the most sought after features by most people, especially those who are looking for ways to earn more and save money. To get maximum cash back benefits, you should pay off your bills on time. Similarly, to earn air miles you should fly to popular destinations and use the points that you get for the tickets. The American Express Platinum credit cards are accepted at almost all the leading hotels worldwide, which helps in building your credit history.
This card enables you to buy products at the branded stores and at the airline lounges at a lesser price than others. It has cash back rewards programs with some of the biggest brands in the world like Sony, Visa, MasterCard, Discover, JCB etc. Hence, not only can you use these rewards for purchasing items, but also for saving money. Some rewards cards include free hotel stays, car rentals etc., which help build your credit history too.
The American Express Platinum Card is issued by the third generation banking technology company, Chase Bank. This card is offered to heavy credit cardholders, frequent travelers and those with good to excellent credit histories. There are certain eligibility requirements that have to be fulfilled by cardholders. Among other benefits, the cardholders are able to get discounts in the premium credit cards along with the membership points and rewards.
In spite of being one of the best credit cards, the American Express Platinum Card has certain limitations that limit cardholders. You cannot be a frequent traveler or hold other card such as the JetBlue or American Airlines cards. Moreover, this card comes with a twelve month grace period for those who do not make repayments on time. Hence, before applying for this card, make sure you know its advantages and drawbacks, because there are more benefits that chase away the potentiality of earning free wi-fi at home.