American Express
American Express Platinum Charge Card
Annual Fee
₹77,880₹66,000 + GSTBase Reward
0.03% MR points
Foreign Markup
3.5% of the transaction amount
Welcome Benefits
welcome gift within 6-8 weeks of payment of annual fee and upon net spends of INR 50,000 in first 2 months of Cardmembership. You will receive the welcome gift on completion of INR 50,000 spends on basic card and payment of annual fee. The cardmember will have option to choose from vouchers of their choice from catalogue
Product Highlights
- No preset credit limit.
- 24×7 global concierge service.
- Up to 50% off at over 1800 premium restaurants in India.
- Access to over 1,400 airport lounges globally.
- Earn 10,000 Referral Bonus Membership Rewards Points on spending ₹5,000 within 90 days of card issuance.
Category Rewards
Specialty
3X International Spending
3X
~1.9% effective
Reward Calculator
Costs you ₹72,180/year
Break-even needs ~₹1,77,622/month at your reward mix.
₹13K
across all your buckets
5.7K
American Express Membership Rewards Points
₹5.7K
via statement credit
Effective rate
3.65%
Annual fee
₹77,880
Year 1 net
₹-12,180
incl. welcome
Year 2+ net
₹-72,180
ongoing
Adjust your spend by reward bucket
2 bucketsRedemption channels
highest value = bestStatement credit
₹0.5/pt
Travel partner
₹1/pt
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, insurance, utility, cash advance, emi pos conversion
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
Enjoy complimentary benefits worth INR 44,300 at iconic 5-star properties that include guaranteed 4pm late check-out, room upgrades at check in when available, daily breakfast for two, WiFi or a special amenity at each property worth US$100.
- Membership Rewards Points can be redeemed against dining, travel, and accessories on AmEx’s Membership Rewards Redemption portal.
We use ₹0.5/point as the effective value for card comparisons and recommendations.
Benefits & Features
Domestic: Access to Domestic Partner Lounges in India International: Access to Over 1,550 Airport Lounges Globally Unlimited complimentary domestic lounge access to partner lounges in India.
Pros & Cons
Pros
- Complimentary domestic and international lounge access.
- Up to 50% off on partner restaurants.
Cons
- High annual fee of ₹66,000.
- No waiver of the annual fees.
Additional Info
Important: Membership Rewards points can be redeemed for various benefits including travel and shopping.
Cardholders can enjoy exclusive access to events and experiences.
The card provides 24/7 concierge service for assistance with travel and reservations.
Accelerated Reward Points are capped at 5,000 points each month.
Excluded Categories
Partner Merchants
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Fees & Charges
Eligibility
Networks