American Express has started sending out the letters announcing the new benefits Platinum charge cardholder get for the increased annual fee of £450.
Some of the benefits are pretty good, such as Cathay Pacific Gold status, access to Cathay Pacific and OneWorld business lounges, allowing guests into Priority Pass lounges and automatic elite tier status with various hotel and car rental programs.
So, the card does still provide some great benefits, despite the increase in the annual fee, and the bonus 42,000 Membership Reward points for applying for the card still make that fee worthwhile, even if you later cancel the card and receive a pro-rata annual fee refund. However, whether the card is worth keeping once you have the 42,000 points bonus will have to be each individuals own decision based on their circumstances.
We are still digesting the full content of the letter, an example of which is below:
We’ve already mentioned in our 42,000 with the Amex Platinum Card post that you can get free OneWorld Sapphire status with that card, but its a good enough benefit that its worth calling out in its own right.
If you take out the American Express Platinum Card, you can immediately receive Cathay Pacific Marco Polo Gold status, which is OneWorld Sapphire and the equivalent of BA Silver. The major benefits of this card are that it gives access to OneWorld lounges even when you are not flying in premium cabins, and also allows you to select seats for free in advance of Online Checkin – other passengers have to pay up to £80 to book some seats.
To get the status, simply fill in the form on the Amex website after you have applied for the Platinum Card.
Note that if you already have OneWorld Sapphire or equivalent status, it is worth holding off applying for that specific benefit, as it is not yet known whether this is a one-year only deal or whether it lasts for as long as you have your Amex Platinum Card.
The full list of OneWorld benefits can be found here.