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| Monthly Spend | ₹5K | ₹10K | ₹20K | ₹50K | ₹100K |
|---|---|---|---|---|---|
| Net Reward Yield | -99.3%^ | -49.2%^ | -24.1%^ | -9.1%^ | -4.1%^ |
| Est. Monthly Reward (₹) | (4,970) | (4,920) | (4,830) | (4,555) | (4,095) |
| All-India Rewards Rank* | 386 | 386 | 386 | 386 | 386 |
| Within Bank Rank* | 6 | 6 | 6 | 6 | 6 |
| * Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.
^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee. |
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The American Express Platinum Card gives 2.25% effective reward on foreign spending and 0.75% on all other spending.
The American Express Platinum Card has a very high annual fee of ₹60,000, because of which we do not see positive net reward yield with this card even at monthly spending level of ₹1 lacs+.
If you are spending less than ₹20,000 a month on your card, consider American Express SmartEarn Credit Card.
This card can earn you a net reward yield of 1.3-1.9% on monthly spending up to ₹20,000.
If you are spending more than ₹20,000 a month on your card, we think the American Express Platinum Travel Credit Card is the best option from Amex for you.
This card can earn you a net reward yield of 0.80-1.70% on all your spending.
The Platinum Travel offers a low 0.60% reward on all your spending but earns milestone rewards of ₹4,500 and ₹7,500 on spending ₹1.9 lacs and ₹4.0 lacs within a year.
The Platinum Travel has a non-waivable fee of ₹5,000.
Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.
| Card | American Express Platinum Card |
|---|---|
| Card Type | Reward |
| Reward Features | 5 MR / ₹40 on all purchases on Rewards Multiplier
3 MR / ₹40 on foreign spends 1 MR / ₹40 on all other spends |
| Milestone Rewards | Nil |
| Other Rewards | – 50% off on dining at select restaurants with EazyDiner
– 25% off at Taj, SeleQtions and Vivanta Hotels – Unlimited Complimentary Domestic Airport Lounge Visits – Complimentary Golf Games across the world – Complimentary access to American Express Lounges, Priority Pass Lounges and Delta Lounges |
| Rewards Redemption Fee | Nil |
| Reward Caps | Unlimited |
| Preferred Redemption Method | Redeem points on American Express Portal for e-Vouchers @ ₹0.30/ MR points |
| Card | American Express Platinum Card | |
|---|---|---|
| Joining Fee | ₹60,000 + Taxes | |
| Annual Fee | ₹60,000 + Taxes | |
| Min. Annual Credit Card Spend for Fee Waiver |
N/A | |
| Income Criteria | Salaried | ₹25 Lacs p.a. |
| Self-employed | ITR>₹15 Lacs | |
| Supplementary Card Fee | 2 Free Cards | |
| Interest Rate | 42.00% | |
| Foreign Currency Markup | 3.50% | |
| Cash Advance Charge | 3.50% with a minimum of ₹250 | |
Questions? Suggestions? See a mistake? Write to us!
Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.
2 Free Movie / Stream / Play / Events / Sports / Activities tickets up to ₹250 each and ₹100 off on F&B Spends on BookMyShow tickets.
8 reward points / ₹400 on bill payments & education and 1 point on all other spends. Fuel surcharge waiver of up to ₹100 per month.
