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Credit > Credit Cards > UK Credit Cards > American Express > Platinum Card
This is a good all round card with some great extra benefits such as £150,000 Travel Accident Benefit when you use your card to pay for your trip.
You will also notice that there is a reasonably good balance transfer offer on this card. The interest rate is reduced to 4.9% p.a. for the life of all balance transferred within 6 months of getting the card.
This card also has a great cash back offer with the potential to earn much more cash back than with most cards offered in the UK. The percentage you receive will increase as your annual spend on the card goes up. You can reach the maximum 2% money back when you spend over £7,500.
Summary Table
Whilst the card may not offer the best interest rate on purchases and balance transfers it does come with a lot of extras for those who like to pay off their balance in full each month.
The cash back offered is much higher than the 0.5% that most UK cards currently offer. Do be aware, though, that the percentage you receive is on a scale and you don't reach the maximum 2% until you are spending more than £7,500 a year.
Application
American Express Platinum Card
The American Express Platinum Card is for those on higher incomes than most of their other cards. However, it is still within reach for most people, requiring an annual income of £20,000.This is a good all round card with some great extra benefits such as £150,000 Travel Accident Benefit when you use your card to pay for your trip.
You will also notice that there is a reasonably good balance transfer offer on this card. The interest rate is reduced to 4.9% p.a. for the life of all balance transferred within 6 months of getting the card.
This card also has a great cash back offer with the potential to earn much more cash back than with most cards offered in the UK. The percentage you receive will increase as your annual spend on the card goes up. You can reach the maximum 2% money back when you spend over £7,500.
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Summary Table
| Standard Interest Rate | Typical 14.9% APR Variable |
| Balance Transfers | 4.9% p.a. for the life of balances transferred in the first 6 months |
| Standard Balance Transfer Rate | 12.9% p.a. |
| Cash Advance Interest Rate | 22.9% p.a. |
| Rewards | Up to 2% Cash Back |
| Annual Fee | None |
| Customer Service | 24hrs, 365 days a year |
| Online Account Access | Yes |
| Online Fraud Guarantee | Yes |
| Travel Accident Benefit | £150,000 |
| Purchase Protection | Yes |
| Refund Protection | Yes |
| Worldwide Cash Access | £200 every 7 days (up to 20% of your Credit Limit) |
| Minimum Income Required to Apply | £20,000 |
| Payment Date | 25 days after statement date |
| Late Payment Fee | £25 |
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Credit Sources Review
This is a good all round card with the prestige of the American Express Platinum name.Whilst the card may not offer the best interest rate on purchases and balance transfers it does come with a lot of extras for those who like to pay off their balance in full each month.
The cash back offered is much higher than the 0.5% that most UK cards currently offer. Do be aware, though, that the percentage you receive is on a scale and you don't reach the maximum 2% until you are spending more than £7,500 a year.
Application
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