American Express Platinum Travel Credit Card: Would this Card Work for You?

American Express Platinum Travel Credit Card: Would this Card Work for You?

Best Travel Rewards Card for Taj Bookings and Travel Vouchers

Good for

  • Consumers seeking travel rewards
  • Travellers who book with Taj
  • High spenders

Bad for

  • Students
  • Individuals that do not travel
  • Consumers looking for a competitive rewards rate

Editor's Rating

3.5/5.0

The American Express Platinum Travel Card is a decent travel credit card, especially for high spenders who tend to look for travel promotions and perks. These include competitive travel vouchers and Taj gift card promotions as well as airport lounge access. For instance, the card provides 1 free domestic airport visit per quarter. The card also comes with a decent average rewards rate of 0.88% (1 point per Rs. 50 spent; 1 point = ~Rs. 0.44) and consumers have the option to redeem rewards in cash, travel vouchers or InterMiles at varying rates of redemption. While this is not the highest travel rewards rate available, this card is still worth considering if you are a high spender with a preference for travel promotions.

ProsCons
  • Excellent travel and hotel promotions
  • 0.88% rewards rate on all spending
  • Joining fee: Rs. 3,500
  • Annual fee: Rs. 5,000
Promotions:
  • Sign-Up Bonus: Travel vouchers worth ₹ 4,000 on spend of ₹ 5,000 in first 60 days
  • Anniversary Bonus: ₹ 7,770 in travel vouchers on annual spend of ₹ 190,000
  • Anniversary Bonus: ₹ 11,800 in vouchers and ₹ 10,000 Taj Hotels voucher on spend of ₹ 400,000
Card Overview
Pros:
  • Excellent travel and hotel promotions
  • 0.88% rewards rate on all spending
Cons:
  • Joining fee: Rs. 3,500
  • Annual fee: Rs. 5,000
Promotions:
  • Sign-Up Bonus: Travel vouchers worth ₹ 4,000 on spend of ₹ 5,000 in first 60 days
  • Anniversary Bonus: ₹ 7,770 in travel vouchers on annual spend of ₹ 190,000
  • Anniversary Bonus: ₹ 11,800 in vouchers and ₹ 10,000 Taj Hotels voucher on spend of ₹ 400,000

What Makes American Express Platinum Travel Card Stand Out?

The American Express Travel Card is a solid option for high spending consumers that are looking for great travel promotions. The Platinum Travel Card offers travel vouchers and Taj Hotel promotions that are unmatched among credit cards in India. This may be attractive to a specific set of consumers; those that travel often and are loyal to Taj. As a perk, cardholders receive 1 complimentary domestic lounge visit per quarter. Despite these benefits, it is worth noting that this card also incurs a joining fee of Rs. 3,500 and an annual fee of Rs. 5,000.

On a positive note, the card earns cardholders an above average rewards rate of 0.88% (1 point per Rs. 50 spent; 1 point = ~Rs. 0.44) on general spending. Consumers are also given the option to redeem rewards in cash, travel vouchers or InterMiles at varying rates of redemption, which can provide consumers with versatility when redeeming rewards. For high spenders interested in travel vouchers and staying at Taj Hotels, this travel option can be a good fit.

How Does the American Express Platinum Travel Rewards Program Work?

The American Express Platinum Travel Card works as a points card where cardholders earn 1 point per Rs. 50 spent at a redemption rate of 1 point = ~ Rs. 0.44. All other earnings come from promotions that require cardholders to surpass specific spending thresholds, these rewards often come as vouchers or e-gift cards for Taj Hotels. These promotions can be found in the promotions section above. Consumers are also given the option to redeem rewards in cash, travel vouchers or InterMiles at varying rates of redemption through the American Express rewards program. The membership reward points for American Express Platinum Travel Card expire after 3 years (under the GFTO (General Frequent Travel Option) tier).

  • 1 point per Rs. 50 spent on general spending
  • Sign-Up Bonus: Travel vouchers worth ₹ 4,000 on spend of ₹ 5,000 in first 60 days
  • Anniversary Bonus: ₹ 7,770 in travel vouchers on annual spend of ₹ 190,000
  • Anniversary Bonus: ₹ 11,800 in vouchers and ₹ 10,000 Taj Hotels voucher on spend of ₹ 400,000
  • Points redemption rate: 1 point = ~ Rs. 0.44
  • Points expire after 3 years

American Express Platinum Travel Credit Card's Features and Benefits:

Card Overview
  • Joining Fee: Rs. 3,500
  • Annual Fee: 5,000
  • Income Requirement: Rs. 600,000
  • Age Requirement: 18+
Rewards Rate Details
  • 1 point per Rs. 50 spent on general spending
  • Points redemption rate: 1 point = ~ Rs. 0.44
Benefits & Perks
  • 20% discount at partnered restaurants
  • 1 complimentary domestic lounge visit per quarter
Promotions:
  • Sign-Up Bonus: Travel vouchers worth ₹ 4,000 on spend of ₹ 5,000 in first 60 days
  • Anniversary Bonus: ₹ 7,770 in travel vouchers on annual spend of ₹ 190,000
  • Anniversary Bonus: ₹ 11,800 in vouchers and ₹ 10,000 Taj Hotels voucher on spend of ₹ 400,000

American Express Platinum Travel Card’s Rewards Exclusions

The following credit card expenditures are ineligible for rewards:

Fuel spending(petrol, diesel, CNG from oil marketing companies)Insurance bills
Utility spending (electricity, water and gas bills)

How Does the American Express Platinum Travel Credit Card Compare Against Other Cards?

The American Express Platinum Travel Credit Card has many competitors across India and it can be difficult to compare and contrast them well. Our researchers at ValueChampion have taken the time to complete this process for you with the most relevant competitors. Read our comparisons of the American Express Platinum Travel Credit Card:

American Express Platinum Travel Card vs. JetPrivilege HDFC Bank Diners Club Card

Consider this if you are looking for a great travel card and book on InterMiles

Age Requirement 21-60 (65 if self-employed)
Annual Income Requirement None listed by issuer

The JetPrivilege HDFC Bank Diners Club Credit Card is the best option for travellers that book through the InterMiles platform. The card offers a great rewards rate on InterMiles bookings (4.8%, 16 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45), 6% (20 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) on Etihad bookings, and a 2.4% (8 InterMiles per Rs. 150, 1 point = 1 InterMile = Rs. 0.45) on general spending. The Amex Platinum Travel Card earns significantly less, with a 0.88% overall rewards rate (1 point per Rs. 50 spent; 1 point = ~ Rs. 0.44). However, it offers superior vouchers and bonuses. As a result, the American Express Platinum Travel Card works well for consumers that are interested in travel vouchers, while the JetPrivilege Card better suits consumers seeking a more versatile travel card.

American Express Platinum Travel Card vs. Air India SBI Signature Card

Consider this if you are looking for a great travel card and prefer to fly Air India

Age Requirement 21-60
Annual Income Requirement None listed by issuer

The Air India SBI Signature Card is a great travel option if you prefer to fly Air India. For example, the card offers a best-in-market rewards rate of 13.5% (30 points on Rs. 100 spends, 1 Reward Point = 1 Airline Mile = Rs. 0.45) on Air India bookings. Additionally, the Air India SBI Signature Card offers 1.8% (4 points on Rs. 100 spends, 1 Reward Point = 1 Airline Mile = Rs. 0.45) on general spending, much higher than the 0.88% rewards rate (1 point per Rs. 50 spent; 1 point = ~ Rs. 0.44) offered by the Amex Platinum Card. In terms of promotions, both of these cards provide the most for consumers. The Air India SBI Signature card provides a great sign-up bonus, which more than offsets the annual fee. Additionally, the card offers great promotions for big spenders as well. If you prefer to receive travel vouchers on your spending we would recommend the Amex Travel Platinum; however, for most consumers the Air India SBI Signature would be a better choice due to the competitive travel reward rates.

American Express Platinum Travel Card vs. Standard Chartered Yatra Platinum Card

Consider this if you prefer to book your travels on Yatra and like cashback

Age Requirement 21-65
Annual Income Requirement None listed by issuer

The Standard Chartered Yatra Platinum Card is the best travel card for individuals that prefer to book on the Yatra platform. The SC Yatra Platinum Card offers cardholders 10% cashback on Yatra travel bookings with an additional rewards rate of 0.95% (4 points per Rs. 100, 1 reward point = 0.53 InterMiles) also applied to all Yatra travel bookings. This makes the card a much better choice than the Amex Platinum Travel, which earns just 0.88% on general spending with no specialized travel rate. However, the Yatra card offers cardholders a low 0.48% rewards rate (2 points per Rs. 100, 1 reward point = 0.53 InterMiles) for all other spending categories. Therefore, if you are looking to acquire a cashback travel card, then the SC Yatra Platinum could be a good fit. However, if you are more interested in a card for travel vouchers, then we would recommend the Amex Platinum Travel Card.

American Express Platinum Travel Card vs. Yatra SBI Card

Consider this if you are a frequent traveller and prefer to book through Yatra

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer

The Yatra SBI Card is a solid option for consumers that prefer to book on Yatra. Yatra is a versatile platform that provides multiple travel options to consumers. The Yatra SBI Card offers a fairly low rewards rate of 0.25% (1 Point per Rs. 100 spent, 25% redemption rate for Yatra vouchers) on general spending categories—which is significantly lower than the 0.88% (1 point per Rs. 50 spent; 1 point = ~ Rs. 0.44) offered by the Amex Platinum Travel Card. The strength for the Yatra Card is in the discounts that it offers, including discounts of 20% off hotel and flight bookings (6 per year). As a result, if you are interested in a card with discounts on Yatra, then the Yatra SBI Card may be a good fit. However, if you are looking for a card to receive travel vouchers from, we would recommend the Amex Platinum Travel.

Sahmi Chowdhury

Sahmi is a Junior Research Analyst specialising in credit cards and insurance in India. He previously worked in the financial services sector at Brown Brothers Harriman and True Capital Management.