Synopsis: This article talks about the American Express Platinum Reserve Credit Card. It will talk about its features, benefits and why it is a great credit card if you travel regularly.
The American Express Platinum Reserve Credit Card is a premium credit card that is offered by American Express. Its benefits span across various areas, which will allow the cardholder to get value back on their overall spending.
Eligibility
- They should be at least 18 years old
- Has a good credit history and no payment defaults
- Has an annual income of ₹6,00,000 and above (Both- Salaried and Self-Employed)
- Has a permanent address in India
Fees
- Joining/Annual Fees – ₹10,000 + GST (If you spend more than ₹10,00,000 using the credit card, your annual fee will be waived off)
- Finance charges – 3.5% to 3.99%/month
- Late Fee Payment – 30% of the amount due
Travel Benefits
- 1 Membership reward for every ₹50 spent (Does not include Fuel, Insurance, Utilities, Cash transactions and EMI conversion)
- You can choose to pay for your flights using these points through ‘Pay with Points’. 1 Membership Reward = ₹0.25 for cash redemption.
- There is a 2:1 Air mile conversion for Asia Miles, British Airways, Emirates, Etihad Guest, Qatar Privilege Club, Virgin Atlantic Flying Club; 1:1 for Marriott Bonvoy and 1,000 Points = 900 Hilton Honours Points.
- You get 3 complimentary domestic airport lounge visits/ quarter.
- You also get 2 complimentary international lounge visits every year using your Priority Pass.
Other Benefits
- Movie and online shopping voucher worth ₹12,000/ year if you spend more than ₹50,000/month.
- If you spend ₹50,000/month, you will get complimentary access to 30+ lush green golf courses in India.
- Complimentary memberships in Taj Epicure Plus, EazyDiner Prime and Accor Plus Explorer.
- 11,000 bonus Membership Reward points on payment of the first year’s annual fee, and if you spend ₹30,000 within 90 days of the membership.
- 20% discount on select restaurants.
- Dedicated Concierge service which is available 24/7.
- You won’t be charged a convenience fee if you spend less than ₹5,000 on fuel purchases at HPCL. You will be charged with 1% convenience fee if you spend more than ₹5,000.
To apply for the card, please visit the Official Website
Conclusion
This card has various benefits and will suit people who love to travel and dine in top-end restaurants. Besides these benefits, you also get a range of benefits that are not linked with travel and lifestyle. If you love to travel and live a high-end lifestyle, this is your card. Overall, this credit card has a huge range of benefits and privileges that are very beneficial, and hence, it’s considered one of the best cards in the market.
Written by Sagar V M
