About American Express Platinum credit card...
- Earn cash back on all your spending
- A huge 5% cash back for 3 months
- AmEx cardholder benefits and features
Cash back on your spending
Just in time for Christmas, the American Express Platinum credit card is now offering 5% cash back on all spending for the first 3 months.
This whopping 5% cash back is limited to a claim of £200 cash back during the introductory 3 month period. However, that still means you can earn 5% on spending up to £4,000 - which is more than enough to cover even the more extravagent Christmas lists.
After the introductory period the American Express Platinum credit card still remains one of the highest paying cash back credit cards available - offering up to 1.5% cash back on all spending - and there are no limits to the amount of cash back you can earn once the introductory bonus period has finished.
The standard (post-introductory) cash back scheme here is a tiered one, which means high spenders will be able to earn more cash back. The spending tiers are marked at £3,500 and £10,000 - allowing you to earn 0.5%, and then 1% once you've reached the first spending limit - and then 1.5% on all spending over £10,001.
There are however, no tiers to reach during the introductory period - so even your very first purchase will earn you 5%.
Platinum cardholder benefits
Alongside the cash back offering, the American Express Platinum credit card boasts a superior range of cardholder extras that really make holding an American Express card worthwhile, including such luxuries as purchase protection insurance and refund protection insurance.
You will be required to have a household income (that's your income plus your partner's income) of £20,000 or more to qualify.
Apply for American Express Platinum credit card 
| Interest Rates and Fees |
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|
Notes.. |
| Typical APR |
18.9% APR (variable) |
The typical APR is the rate most people are offered.
|
| Balance Transfers |
18.9% p.a. |
- |
| Balance Transfer Fee |
2% |
You may be charged a balance transfer handling fee of 2% of the balance transferred. |
| Cash Withdrawal Rate |
27.9% p.a. (variable) |
This is the rate you are charged on balances resulting from using a cash machine, getting cash back at the supermarket or buying foreign money. you may only make cash withdrawals equal to 20% of your credit limit at the time of withdrawal. also, you may only draw up to £200 cash in any 7 day period. |
| Cash Withdrawal Fee |
3%
(£3 minimum) |
When you use your credit card to get cash you will be charged a 'handling fee' for doing so. |
| Annual Fee |
£0 |
-
|
| Foreign Transaction Fee |
2.73% |
This is fee you will be charged for credit card transactions made abroad.
|
| Rewards |
| |
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Notes.. |
| Introductory Cash Back |
5% for 3 months |
Earn 5% cash back during the first 3 months your account is opened.
5% cash back is limited to a spend of £4,000 (a claim of £200 cash back). |
| Cash Back |
Up to 1.5% |
- 0.5% for aggregate amounts up to £3,500
- 1% for aggregate amounts from £3,501 to £10,000
- 1.5% for aggregate amounts in excess of £10,001
- Cash back will be credited to your account annually, and there's no limit to the amount you can earn. |
| Cardholder Services & Extras |
| |
|
Notes.. |
| Online Account Management |
Yes |
You can log in to the American Express web site and manage your American Express Platinum credit card account online. |
| Purchase Protection |
Up to £20,000 per year |
Purchases made with this card will be protection against theft or accidental damage for 90 days after the purchase date. Please note exclusions apply. |
| Refund Protection |
Up to £200 per item, up to £750 per year |
Purchases will be covered in the event that you return an unused eligible item to the retailer, within 90 days of purchase and the retailer will not refund you. Please note exclusions apply. |
| Internet Fraud Guarantee |
Yes |
When you use this card online you will not be held responsible for any unauthorised charges. |
| Travel Accident Insurance |
Up to £150,000 |
Travel accident insurance covers you against serious injury and death when you buy your travel tickets with this card. |
| Emergency Card Replacement |
Yes |
If your card is ever lost, damaged or stolen, American Express will get an emergency replacement card to you almost anywhere in the world. |
| Other Extras |
24 hour customer service |
- |
| Optional Extras |
Repayment protection |
These are extras that you can choose, but you will have to pay for them. |
| Payments & Payment Details |
| |
|
Notes.. |
| Credit Limit |
£1000 minimum |
Credit limit may vary from person to person and is subject to status. |
| Interest Free Period |
Up to 56 days |
25 days from statement date. There is no interest free period on cash withdrawals, cheques or balance transfers. this is the amount of time after your statement date you have to clear your balance in full each month before you are charged any interest. |
| Minimum Monthly Payment |
2.5%
(£5 minimum) |
The minimum monthly payment is the smallest amount you must pay each month (unless your credit card balance is zero). |
| Allocation of Payments |
Interest, protection insurance (if applicable), fees, balance transfers, purchases, cash withdrawal |
When you make a payment to this card they will be applied to charges / balances in this order. meaning you have to clear balance transfers before you will be able to repay balances resulting from purchases and cash withdrawals. |
| Default Charges |
£8 |
This is how much you will be charged for late payments, returned payments and if you go over your credit limit. |
| Copy of Statement Fee |
£5 |
This is the fee you will be charged for duplicate statements. |
| Card Details |
| |
|
Notes.. |
| Online Application |
Yes |
- |
| Card Type |
Platinum |
-
|
| Payment Company |
American Express |
This is the company who provides the payment technology and infrastructure to allow you to use this credit card. retailers and ATM machines displaying the 'American Express' logo will accept this card. |
| Card Issuer |
American Express |
This is the bank behind your credit card. |
| Card Advertiser |
American Express |
This is the company who advertises and promotes this credit card. |
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American Express Platinum Credit Card
| Typical APR |
 18.9% APR |
 |
| Balance Transfers |
 18.9% p.a.
2% transfer fee |
|
| Rewards |
| Up to 5% cash back |
|
| Interest Free Period |
| Up to 56 days |
|
| Annual Fee |
| £0 |
|
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| You should only apply if you are: |
| • Aged 18 or over |
| • Have a permanent UK home address |
| • Have a current UK bank or building society account |
| • Have no CCJ's for non-payment of debt |
| • If self-employed, you have been working for over 1 year |
| • Have a household income of over £20,000 - your income plus your partner's income |
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More about American Express Platinum credit card...
The American Express Platinum credit card offers up a number of very good reasons to keep this credit card at front position in your wallet.
Cash Back
The American Express Platinum credit card is one of the few credit cards offering cash back on all your purchases, and with a good percentage amount of your spend, this card offers a nice cash back earning potential.
During the first 3 months of your account being opened, you'll be earning 5% cash back on all your purchases (on spending up to £4,000), after 3 months you'll still be earning a good figure of up to 1.5% cash back - with no earning limits.
Once the introductory 3-month period ends, the actual amount of cash back you will earn on your purchases is dependent upon your spending level.
Your credit card purchase spending will be added up each year, and the more you spend the higher the rate of cash back you'll earn on your purchases.
On cumulative spending each year up to £3,500 you will earn 0.5% cash back on these purchases, on cumulative amounts of spending between £3,501 and £10,000 you will earn 1% cash back, and on cumulative amounts of more than £10,001 you'll earn 1.5% cash back.
One note to bear in mind is the cumulative total of your spending in the first year - to reach the tiered payout levels - will begin once the introductory 3-month period ends.
The cash back you earn on the American Express platinum credit card will be paid to you on an annual basis as long as your account is open and in good standing.
American Express Cardholder Services
What makes an American Express credit card stand out from the crowd is the range and level of cardholder services that are provided. These are free services provided by American Express to their customers.
The cardholder services offered with the American Express platinum credit card include purchase protection, refund protection, internet fraud guarantee, travel accident insurance and emergency card replacement.
Purchase protection
Purchase protection is a free insurance policy that covers the purchases you make with the American Express platinum credit card against theft or accidental damage for 90 days after you have purchased the item. Claims are limited to £20,000 per year and exclusions do apply. This cover is very useful for any large purchases you may make, taking the worry away from buying laptops and computers and any large household electrical items.
Refund protection
An exclusive cardholder service only offered by American Express, refund protection covers purchases made with the American Express platinum credit card in the case that you return an unused eligible item to the retailer, within 90 days of the purchase, and the retailer will not refund your money. American Express will refund the item for you. Claims are limited to up to £200 per item and up to £750 per year.
Internet fraud guarantee
You can shop online with the American Express platinum credit card rest assured that in the case that your credit card details are stolen and used fraudulently, you will not be held responsible.
Travel accident insurance
When you purchase your travel with the American Express platinum credit card you'll automatically get free travel accident insurance of up to £150,000. This insurance will cover you against serious illness and death during your travel, however it is important to note that this is not a substitute for comprehensive travel insurance.
Emergency card replacement
The American Express platinum credit card also comes with an emergency card replacement service. So, if your American Express platinum credit card is ever lost, damaged or stolen, American Express will get an emergency card replacement to you almost anywhere in the world.
Approval Criteria
To be considered for the American Express platinum credit card you will need to be UK resident, aged 18 or over and have a household income of £20,000 or more. Your household income is your income plus your partner's income. You will also need a bank or building society account, have no county court judgements for non-payment of debt and if you are self employed your company should be trading for over 1 year.
You can apply online quickly and easily for the American Express platinum credit card, just click the link below or use the 'apply now' button at the top of the page, both will take you to the American Express web site. Online applications are securely encrypted so all your information is safe and only American Express will be able to read it.
Apply for American Express Platinum credit card
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