American Express last month unveiled the “Amex Platinum Metal”, a sleek new design for its American Express Platinum and American Express Platinum Business charge cards, offered to Australians for the very first time in metal! Previously, Australians could only wield the steel via the Centurion Card aka the ‘Black Card’, but listened to the call of their customers after introducing a steel option to existing American cardholders.
The Amex Platinum metal upgrade comes with a welcome bonus of 80k Membership Rewards Points, a handful of additional perks and a hefty new fee at $1450 for personal cardholders. While this fee might put hairs on your neck, the Amex Platinum Metal Card is the king of earn. Until 14 April 2019, you’ll earn 3 points per $1 on restaurants (Read our tips here), 2 points per $1 on airlines, accommodation and foreign transactions, 1 point per $1 on domestic transactions and 0.5 points per $1 on utilities and government transactions(ie. BAS and Income Tax – Read our guide to maximising points on business expenses here). From 15 April 2019, you’ll earn 2.25 points per $1 spent on all purchases, and 1 point per $1 spent with government bodies. Note the redemption changes here.
Sprinkle on travel insurance and unlimited access for primary and additional cardholders to the American Express Global Lounge Collection, which includes the Amex Lounges at Sydney and Melbourne as well as the Centurion Lounges at hubs Hong Kong, San Fran and soon to open LAX, you’ve already got a tasty offering.
Of course, there’s a host of additional perks to help you justify the yearly spend on the Amex Platinum metal card including:
- No pre-set spending limit
- $450 travel credit annually
- Access to American Express Fine Hotels & Resorts perks & discounts with a total average value worth $700
- Complimentary status & memberships with a number of hotel loyalty programs including Accor Plus Membership valued at $395 per year
- Complimentary The Australian Financial Review Premium digital subscription
American Express claims the benefits of the Card including the Travel Credit, Accor Plus Membership and AFR subscription cover the $1450 fee, however, we’d happily do without the AFR subscription for a reduction.
At the end of the day, this card is about maximising and utilising points and 80,000 Memberships Rewards point bonus is a bloody good start! As well as redeeming them for gift cards, points plus pay transactions and other rewards, you can transfer your Membership Rewards to 10 partnered frequent flyer programs, including 1:1 with Qantas, Virgin and Singapore Airlines. Please note that point redemption rates will change as of 15 April 2019. Please click here for further details.
Here’s a list of great uses for Amex Membership Rewards points to get the creative juices following:
- East Coast Australia to Perth in Business Class Return on the new Qantas A330 for 72,000 points
- Sydney to Fiji in Business Class Return on Fiji Airways for 72,000 Qantas points.
- East Coast Australia to Hong Kong in Premium Economy Return with Qantas for 90,000 points.
- East Coast Australia to LA in Business Class on Virgin ‘The Business’ for 94,000 Velocity Points.
- East Coast to Singapore in Singapore airline’s New A380 Business for 58,000 or First Class for 80,000 Kris Flyer miles.
*To be eligible for this card you must:
- Earn a regular income of more than $100,000 per year (You will be instantly declined if you can’t prove this)
- Be over 18 years old
- Have no history of bad credit
- Have not applied for multiple credit cards recently
- Be an Australian resident
For more information on the American Express Platinum Metal card, and to receive 80,000 Membership Rewards Bonus Points via American Express.
American Express Qantas Ultimate Card – 55k Sign On Bonus (T&Cs apply)
American Express Explorer Card – 100k Sign On Bonus (ends 7 Jan 2019, T&Cs apply)
American Express Velocity Platinum Card – 50k Sign On Bonus (T&Cs apply)