The Platinum Card® from American Express: annual fee, APR and rewards

Fact sheet for the The Platinum Card® from American Express, issued by American Express, with a $895 annual fee and points. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.

Issuer	American Express
Network	American Express
Annual fee	$895 a year
Fee waiver	$895 for the Basic Card; $195 for each Additional Platinum Card; no annual fee for Companion Platinum Cards
Rewards	Points: 5X Membership Rewards points on flights purchased directly from airlines or American Express Travel (on up to $500,000 on these purchases per calendar year); 5X points on prepaid hotels booked on AmexTravel.com; 1X points on all other purchases
Purchase APR	Annual Percentage Rate (APR) for Pay Over Time 19.74% to 28.74%, based on your creditworthiness and other factors as determined at the time of account opening. This APR will vary with the market based on the Prime Rate.
Sign-up bonus	Apply and find out your welcome offer: as high as 175,000 Membership Rewards® points after you spend $12,000 in purchases on your new Card within the first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer.
Foreign transaction fee	None
Credit level	Excellent (tiers the issuer reports to the CFPB)

What new cardholders actually got

In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 26.99%, with a range of 19.49% to 29.24%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.

Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.