The Platinum Card® by American Express Offers Attractive Welcome Bonus
- Chase Sapphire Preferred and AmEx Platinum are leading travel credit cards with significant welcome bonuses.
- Each card has unique benefits and features for travelers.
- Consumers should compare these cards to determine the best fit for their spending habits.
The Platinum Card® by American Express is currently enticing new customers with a welcome bonus of 125,000 Membership Rewards® points, available after spending $8,000 within the first six months of account opening. This bonus can be redeemed for travel or cash, with options including $750 in travel through Chase Travel℠ or $600 in cash. The card's rewards can also be converted into various airline miles and hotel points, making it a valuable option for frequent travelers. While the Chase Sapphire Preferred® card offers competitive rewards, particularly for travel bookings through its online agency at a rate of 1.25¢ per point, the annual fee for the Platinum Card® is justified by its extensive benefits. The Platinum Card® provides over $1,200 in potential annual statement credits, including $200 back on eligible hotel stays booked through Amex Travel and monthly credits for Uber, enhancing its overall value. However, experts suggest that the Platinum Card® may not be the best choice for everyday spending. Other American Express cards, such as the American Express® Gold Card or Green Card, can earn points at a faster rate for regular purchases, making them effective complements to the Platinum Card®. Ultimately, the decision between the Chase Sapphire Preferred® and The Platinum Card® by American Express depends on individual spending habits and travel preferences, as both cards offer unique advantages tailored to different types of users.