Reviews

The American Express Platinum Credit Card full review: should you get it?

Learn more about the travel credit card available in South Africa: The American Express Platinum Credit Card. Here, your everyday purchases become points that can be redeemed for airline tickets and accommodation in hotels!

Advertisement

The American Express Platinum Credit Card: turn all your spending into points for travel rewards

American Express Platinum Credit Card
Learn all about the American Express Platinum Credit Card. Source: NedBank

Indeed, the American Express Platinum credit card is an American card that crossed the Atlantic Ocean and landed in South Africa.

American Express logo

The American Express Platinum Credit Card: check out how to apply!

Apply to the American Express Platinum Credit Card and access exclusive airport spaces and discounts at hotels, restaurants, and more!

In luggage, this one brought a huge list of advantages for users who want to transform the way they travel. So, learn more about this card below!

Credit ScoreExcellent (670 or more).
Monthly Fee*R490 (Credit facility service fee + Primary Card).

*See rates.
Initiation Fee*R180.

*See rates.
Interest Rate*From 14.75% to 20.25%.

*See rates.
Rewards*Earn 1.5 points for every R5 spent on eligible purchases in the Membership Rewards® program.

*Terms apply.

The American Express Platinum Credit Card: learn more about this financial product

Indeed, this is a world-famous credit card, especially among customers who travel frequently. In South Africa, the bank responsible for this card is Nedbank.

Thus, the rewards program attracts most customers looking for this product. However, this card offers more than that. There are many other benefits unique to travelers using this card.

One of these is access to lounges at various airports around the world. Plus, you have a credit of up to $550 to fund your stays at select hotels and resorts.

The American Express Platinum Credit Card features

American Express credit card
Learn more about the card’s pros and cons. Source: Pixabay

This is one of the best cards a traveler can have. However, before ordering it, it is important to know this product’s “weak points”.

Thus, you will be sure that this option will generate advantages for you:

What are the benefits?

  • Automatic participation in one of the best rewards programs in the world (Membership Rewards®) that turns everyday purchases into points;
  • Count on travel insurance of R10 million for you and your family on all international trips;
  • Exclusive discounts of up to 25% on car rental and accommodation.

And what are the drawbacks?

  • Very high monthly fee and initiation fee;
  • The rewards program does not include privileged accommodation or travel. These generate the same points as any other type of purchase;
  • To be eligible for this card, you need to have a high monthly income and an excellent credit score or close to it;
  • Even though it is a card made for travel, it charges an international currency conversion fee of 2%.

What credit score do you need to get the card?

To stand a chance of being accepted for an application, we recommend that you have an excellent score or close to it. So make sure your score is close to or higher than 670.

How does the application process work?

Here’s how to apply for this card online without leaving your case or queuing. Read the post below to find out!

American Express logo

The American Express Platinum Credit Card: check out how to apply!

Apply to the American Express Platinum Credit Card and access exclusive airport spaces and discounts at hotels, restaurants, and more!

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

Trending Topics

content

Multi-currency: apply for MG CashViza Prepaid Debit Card

Apply to MG CashViza Prepaid Debit Card and get a cheap and secure solution to carry cash in up to 24 different currencies. Learn more!

Keep Reading
content

NedBank SAA Voyager Gold Credit Card full review: should you get it?

Discover the NedBank SAA Voyager Gold Credit Card, your ticket to free domestic and international air travel. Understand how this is possible:

Keep Reading
content

Standard Bank World Citizen Credit Card full review: should you get it?

Standard Bank World Citizen Credit Card will change your travel with discounts and exclusive benefits. Up to 20% discount on flights.

Keep Reading

You may also like

content

Hippo Loans review: up to R350,000

Find the best loan provider for free! Apply in only 2 minutes and get the money you need! Read this full review on Hippo Loans!

Keep Reading
content

Sanlam Money Saver Credit Card full review: should you get it?

Sanlam Money Saver Credit Card is the card that encourages you to save with cashback of up to 5%! Learn more about this card!

Keep Reading
content

Debt consolidation loan: what is it and how does it work?

A simple debt consolidation loan can save you from your debts once and for all. Below, learn how you can counter these resources!

Keep Reading