Why The AMX Card Kicks Point Butt
The Platinum Card from American Express is a powerful card for point collectors and it means business.
Current Bonus: 40,000 points when you spend $3,000 in the first 3 months. Because it comes with a variety of great benefits, it’s one of the most valuable cards you have. The steep annual fee of $450 may cause you to think twice, but one of the benefits includes an annual airline rebate of $200, and priority lounge access.
If you can maximize benefits like the $200 annual rebate for airline incidentals, lounge access, the Amex Fine Hotels & Resorts program, and Global Entry or TSA PreCheck fee refunds, this card will pay off big time. Legend has it that AMX sometimes offers sign-up bonuses of up to 100,000 points.
Alternative: The EveryDay Preferred card offers a sign-up bonus of 15,000 points when you spend $1,000 in 3 months, and you earn 3x points at US supermarkets, 2x at US fuel stations, and 1x on most everything else. Finally, if make at least 30 purchases in a single billing period, you can earn an additional 50% more points. With a low annual fee of $95, this is a sweet back-up card.