American Express Platinum Card

On spends of ₹20 lakh in a membership year and payment of the renewal fee, the Card carries a renewal benefit of vouchers worth up to ₹35,000.

Joining fee

First-year membership fee ₹66,000 plus applicable taxes

Annual / renewal fee

Membership fee ₹66,000 plus applicable taxes, first year and second year onwards

Add-on card fee

Up to four supplementary cards at no extra cost; ₹10,000 for each supplementary card thereafter

Interest rate

Not applicable. This is a charge card: the balance is payable in full each statement period rather than revolved, and American Express lists no interest rate for it in the Schedule of Fees and Charges.

Cash advance fee

3.5% of the cash advance amount, subject to a minimum of ₹250. Cash withdrawal in India is currently suspended; the facility is available overseas only.

Overlimit fee

Overlimit transactions have been disabled since 1 October 2022. Debits of fees and charges raised by the issuer can still take an account over its assigned limit.

Payment dishonour

₹250 per returned instrument

Forex markup

3.50% currency conversion factor on foreign-currency transactions

Duplicate statement

₹100

Income (salaried)

₹25L/year

Income (self-employed)

₹15L/year

Age

18+ years

• Is the American Express Platinum Card a credit card or a charge card?
• What does "no pre-set spending limit" mean?
• What income is needed for the American Express Platinum Card?
• What is the membership fee?
• How much is a Membership Rewards Point worth?