Question 1

What is the annual fee on the American Express® Platinum Card and how do you get it waived?

Accepted Answer

The American Express® Platinum Card charges ₹60,000 plus GST as a joining fee and the same ₹60,000 again at renewal. There is no spend based waiver on this card, so the ₹60,000 is a fixed yearly cost you pay regardless of how much you spend.

Question 2

What is the reward rate on the American Express® Platinum Card?

Accepted Answer

You earn 20 points per ₹40 on Rewards Xcelerator (20+ luxury brands). Everything else earns 1 point per ₹40. Each point is worth about ₹0.5 when you redeem it well, so ₹10,000 of top category spend gives you 5000 points, roughly ₹2,500, which is about 25% back.

Question 3

Which spends do not earn rewards on the American Express® Platinum Card?

Accepted Answer

American Express does not publish a single exclusion list for this card, and the categories have been revised more than once. Rent, wallet loads, fuel, EMI conversions and government payments are the usual zeroes across the market. Read the reward terms page on your statement before you plan a large spend around this card.

Question 4

What changed on the American Express® Platinum Card recently and is it still worth it in 2026?

Accepted Answer

No card specific cut has been announced, though American Express has been trimming rewards across its portfolio. At ₹3L of yearly spend the card returns roughly ₹1,500 at its general rate of about 0.5%, against a ₹60,000 renewal fee. That does not clear the fee on its own, so this card only makes sense if the lounge visits or the co-brand benefits are worth the gap to you.

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American Express® Platinum Card

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