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American Express Platinum Reserve

American Express
|
Dining Lounge Access Premium Rewards Travel

Annual Fee

₹5,000

Rewards/₹100 ⓘ

₹1.00 - ₹5.00

Normalized to balance base rate with bonus categories

Interest Rate

42.00%

Credit Score

750+

At a Glance

Key Benefits

5X travel rewards, 2X dining, Taj Epicure, Accor Plus, lounge access

Lounge Access

4 domestic + 2 international lounge visits/year

Eligibility

Salaried Rs 50K+/month, Age 21-65, CIBIL 750+

Quick Details

Annual Fee
₹5,000 #266
Joining Fee
₹5,000 #263
Interest Rate
42.00% p.a. #108
Forex Markup
3.50% #75
Rewards/₹100
₹1.00 - ₹5.00 #49
Reward Type Reward Points
Reward Currency Points
Domestic Lounge Visits
4/year #61
International Lounge Visits
2/year #41
Min Credit Score
750+ #186
Min Monthly Income ₹50
Network AMEX
Late Payment Fee ₹750
Cash Advance Fee 3.00% (min ₹500)
Over Limit Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹2,00,000/yr

Reward Structure

Base

All Spends

₹1.00 /₹100
Cat

Travel

₹5.00 /₹100
Cat

Dining

₹2.00 /₹100

Reward Calculator

₹
Allocate by Category100%
Travel
10.0 pts
50%₹25,000
Dining
4.0 pts
30%₹15,000
Other Spends
2.0 pts
20%₹10,000
Your Rewards
Points Earned3,100
Cash Value₹1,550
Breakdown
Travel2,500
Dining400
Other Spends200
Total Value₹1,550
Quick amounts:

Milestone Benefits

Welcome Bonus

Welcome bonus of 5,000 MR points on first transaction within 90 days.

₹2,500

value

Milestone

Bonus points on Rs 3 lakhs annual spend.

Spend ₹3,00,000 within 365 days

₹5,000

value

Airport Lounge Access

Domestic Free
4

visits per year

4 domestic lounge visits per year.

International Free
2

visits per year

2 international lounge visits per year.

Insurance Coverage

Lost Card

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability for fraudulent transactions.

Air Accident

₹1,00,00,000

Rs 1 Crore air accident cover for travel booked using card.

Purchase Protection

₹1,00,000

Purchase protection for 90 days against damage/theft.

Quick Analysis

The American Express American Express Platinum Reserve is a premium credit card ideal for frequent travelers and high spenders. Best suited for those who can maximize the premium benefits.

Pros

  • Annual fee waiver on spending ₹200000
  • 2 complimentary international lounge visits per year
  • Comprehensive insurance coverage up to ₹1 crore
  • 24x7 dedicated concierge service
  • Extended interest-free period of 52 days

Cons

  • High annual fee of ₹5000 may not suit everyone
  • Significant joining fee of ₹5000
  • Limited lounge access (6 visits per year)
  • High forex markup of 3.50% on international transactions
  • High interest rate of 42.00% on revolving credit

Frequently Asked Questions

What rewards does Amex Platinum Reserve offer?
Amex Platinum Reserve offers 5X Membership Rewards points on travel (flights/hotels), 2X on dining, and 1 point per Rs 50 on other spends. Points value is Rs 0.50 each.
What are the complimentary memberships with Amex Platinum Reserve?
The card includes complimentary Taj Epicure membership (up to 25% off at Taj hotels), Accor Plus membership, and Amazon Prime membership for the first year.
How many lounge visits are included with Amex Platinum Reserve?
You get 4 complimentary domestic airport lounge visits and 2 international lounge visits per year through American Express Lounge Access program.
What is the annual fee waiver criteria for Amex Platinum Reserve?
The Rs 5,000 annual fee is waived if you spend Rs 2 lakhs or more in a year. The card also offers welcome bonus points worth Rs 2,500.
Does Amex Platinum Reserve have insurance benefits?
Yes, the card provides Rs 1 Crore air accident cover, purchase protection up to Rs 1 lakh, and zero liability protection against fraud.

User Reviews

Our Rating

3.5
APPLY NOW

on American Express's website

Rating Breakdown

Rewards
4.1/5 Top 23%
Benefits
3.7/5 Top 81%
Fees
2.6/5 Top 87%
Value for Money
3.7/5 Top 26%
User Reviews
3.0/5 Top 50%

Important Links

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