American Express
American Express Platinum Card
This is an invite only card
Apply and get ₹3250 Rewards
Top Benefits
Welcome Vouchers Worth up to ₹60,000
on paying the joining fee and spending INR 50,000 within the first 60 days of card membership
Earn 3X Reward Points on all Overseas
spends made in a currency other than Indian Rupees
Best For
Shopping
Online Food Ordering
Dining
Travel
The American Express Platinum Card stands as one of the most recognizable premium charge cards in the...
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The American Express Platinum Card stands as one of the most recognizable premium charge cards in the...
The American Express Platinum Card stands as one of the most recognizable premium charge cards in the financial market. Designed specifically for high-net-worth individuals, this card commands attention with its substantial joining fee of Rs. 66,000 and an equally impressive welcome package. If you meet the criteria, you can offset your first year's fee almost entirely by earning up to Rs. 60,000 in luxury hotel vouchers simply by spending Rs. 50,000 within your first 60 days.
This card works best for big spenders who travel internationally and dine at premium establishments. Unlike standard credit cards, this is a charge card, which means it expects you to pay your balance in full every month. While it carries a steep price tag, the specialized rewards on overseas spending and fuel, combined with top-tier dining memberships, make it a powerful tool for those who can maximize its specific benefits.
View FAQ
Commonly Asked Questions
Is the American Express Platinum Card lifetime free?
No, this card is not lifetime free. It comes with a joining fee of Rs. 66,000 and an annual renewal fee of Rs. 66,000 plus applicable taxes.
Who is the ideal user for this card?
This card suits high-income individuals earning at least Rs. 25 lakh annually who spend heavily on luxury hotels, international travel, and premium dining.
Is this a good first credit card?
No, this is a premium charge card requiring a high income and an excellent CRIF score of 720 or above. It is better suited for experienced cardholders with established financial histories.
What makes this card different from regular credit cards?
This is a charge card rather than a traditional credit card. It also offers a massive welcome bonus of up to Rs. 60,000 in luxury vouchers, which is significantly higher than standard market offerings.
Expert Review
In my decade of analyzing credit cards, the American Express Platinum Card remains one of the most polarizing financial products in India. On the positive side, if you are a luxury traveler, the upfront value is undeniable. Shelling out Rs. 66,000 in fees feels painful until you realize you can unlock Rs. 60,000 in Taj vouchers almost immediately with a minimal Rs. 50,000 spend. Add the exceptional EazyDiner Prime discounts, and affluent foodies will extract massive value from this card week over week.
However, the card has some glaring weaknesses that cannot be ignored. The most shocking drawback is the complete absence of airport lounge benefits based on the current data profile. For a card that costs Rs. 66,000, not offering lounge access while Rs. 3,000 cards offer it is heavily disappointing. Additionally, the massive exclusion list—blocking points on rent, insurance, utilities, and education—means this card fails miserably as an everyday spending tool. Ultimately, this card is a specialized weapon for luxury hotel stays and premium dining; if you try to use it as a standard shopping card, you will end up disappointed and out of pocket.
Joining / Annual Fee
Joining Fees
₹77,880 ( ₹66000 + GST )
Annual Fees
₹77,880 ( ₹66000 + GST )
The cost of holding the American Express Platinum Card is significant, reflecting its status as a top...
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The cost of holding the American Express Platinum Card is significant, reflecting its status as a top...
The cost of holding the American Express Platinum Card is significant, reflecting its status as a top-tier luxury product. The card carries a strict, non-waivable joining fee of Rs. 66,000 plus applicable taxes. While this upfront cost is high, it is strategically offset by the welcome vouchers worth up to Rs. 60,000, assuming you meet the Rs. 50,000 initial spending requirement.
From the second year onward, an annual renewal fee of Rs. 66,000 plus applicable taxes applies. Unlike basic cards that offer a direct fee waiver on certain spends, this card uses a reward-offset model. If you spend Rs. 20 lakh in a year, the bank does not waive the Rs. 66,000 fee. Instead, you earn renewal vouchers worth up to Rs. 35,000. To hit that Rs. 20 lakh target, you need to channel roughly Rs. 1.66 lakh per month through the card.
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The one-time joining fee is Rs. 66,000 plus applicable taxes.
Can I get the joining fee waived?
No, the joining fee is strictly non-waivable. However, the welcome vouchers you receive can offset the value of the fee.
How much is the annual renewal fee?
The annual renewal fee from the second year onwards is Rs. 66,000 plus applicable taxes.
Is there an annual fee waiver option based on spending?
There is no direct fee waiver. However, if you spend Rs. 20 lakh annually, you receive renewal vouchers worth up to Rs. 35,000 to help offset the cost.
How much do I need to spend monthly to get the renewal vouchers?
To reach the Rs. 20 lakh annual target, you need an average monthly card spend of approximately Rs. 1,66,667.
Do I still have to pay the Rs. 66,000 fee if I spend Rs. 20 lakh?
Yes, the fee will still be charged to your statement. The Rs. 35,000 value is provided as vouchers, not as a statement credit or fee reversal.
What happens if I spend only Rs. 19 lakh in a year?
If you fall short of the Rs. 20 lakh milestone, you will not receive the Rs. 35,000 renewal vouchers, and you will still pay the full Rs. 66,000 renewal fee.
Are taxes included in the Rs. 66,000 fee?
No, the Rs. 66,000 fee is exclusive of taxes. An 18% GST is typically added, bringing the total out-of-pocket cost higher.
Is this card available as lifetime free for salary account holders?
No, this is a premium charge card and is not offered on a lifetime free basis.
Eligibility
Age
Criteria*
18-60 years
Salary
Criteria*
25LPA
Credit
Rating*
750+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Securing the American Express Platinum Card requires meeting strict financial and demographic standar...
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Securing the American Express Platinum Card requires meeting strict financial and demographic standar...
Securing the American Express Platinum Card requires meeting strict financial and demographic standards. The applicant must be between 18 and 60 years of age and hold a valid residential address in India. The income requirements reflect the card's premium status.
Salaried individuals must demonstrate a minimum personal annual income of Rs. 25 lakh. This breaks down to roughly Rs. 2.08 lakh per month. Self-employed professionals and business owners face a slightly different threshold, requiring a minimum annual income of Rs. 15 lakh. Alongside income, your credit history plays a vital role. American Express recommends a good CRIF or CIBIL score of 720 or higher for a smooth approval process.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 18 years old to be eligible for this credit card.
What is the maximum age limit for applying?
The upper age limit for applying is 60 years.
What is the salary requirement for an employed person?
Salaried applicants must have a minimum personal annual income of Rs. 25 lakh to qualify.
Can a self-employed person apply for this card?
Yes, self-employed individuals are eligible to apply provided they meet the financial requirements.
What is the income requirement for business owners?
Self-employed professionals and business owners need a minimum annual income of Rs. 15 lakh.
What credit score is needed for approval?
The bank recommends a healthy CRIF or CIBIL score of 720 or higher for successful approval.
Will I get rejected if my score is exactly 720?
A score of 720 meets the minimum recommendation, but final approval also depends on your income proof, existing debt, and payment history.
Do I need to be an Indian resident?
Yes, applicants must have a valid residential address in India.
Can I apply using my family's combined income?
No, the requirement explicitly states a minimum personal annual income, meaning it must be your individual income.
All Card Benefits
- Earn 5 Membership Rewards points per ₹100 on fuel (capped at 5000 points/month)
- 3X Membership Rewards points on overseas spends
- Points redeemable for travel, hotel loyalty programs, and vouchers
Welcome Benefits
The standout feature of the American Express Platinum Card is its massive welcome...
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Welcome Benefits The standout feature of the American Express Platinum Card is its massive welcome...
Welcome Benefits
The standout feature of the American Express Platinum Card is its massive welcome bonus. When you pay the joining fee and spend Rs. 50,000 within the first 60 days of card activation, you receive welcome vouchers worth up to Rs. 60,000 for Taj or Postcard Hotels. Alternatively, you can choose Rs. 35,000 in Reliance Luxe vouchers. For example, if you spend Rs. 25,000 on groceries and Rs. 25,000 on dining in your first month, you easily clear the requirement and secure Rs. 60,000 in luxury hotel stays, effectively wiping out the sting of the Rs. 66,000 joining fee.
Reward Points Structure
The reward system on this card operates on Membership Rewards (MR) points. You earn 5 MR points for every Rs. 100 spent on fuel transactions, with a strict cap of 5,000 points per month. This means you maximize the fuel benefit by spending exactly Rs. 1,00,000 on fuel each month. For international travelers, the card offers an accelerated 3X MR points on all overseas spends. Each Membership Rewards point holds a value of Rs. 0.25 when redeemed appropriately.
Let us look at a practical example. If you spend Rs. 50,000 on fuel in a month, you earn 2,500 MR points. If you spend Rs. 1,00,000 on an international hotel booking, you earn accelerated points based on the 3X multiplier. At a redemption value of Rs. 0.25 per point, those 2,500 fuel points give you Rs. 625 in actual value.
Dining Benefits
Food enthusiasts get excellent value here. The card comes with a complimentary 12-month EazyDiner Prime membership. This grants you straight discounts of 25% to 50% at over 2,000 premium restaurants across India. You also receive a joining bonus of 2,000 EazyPoints, earn 2X EazyPoints on dining spends, and get a Rs. 100 discount on food delivery or takeaway orders above Rs. 500. Additionally, select partner restaurants offer a complimentary alcoholic beverage.
For example, if you host a dinner that costs Rs. 10,000 at an EazyDiner partner restaurant offering a 25% discount, you instantly save Rs. 2,500 on the spot, more than justifying the card to frequent diners.
Insurance Benefits
To support its travel focus, the card includes built-in protection. Cardholders receive comprehensive Air Accident Insurance coverage. Additionally, it offers Overseas Medical Insurance for international travel emergencies. If you face a medical crisis while abroad, this coverage can save you lakhs in foreign hospital bills.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must pay your initial joining fee and spend a minimum of Rs. 50,000 on eligible purchases within 60 days of card activation to receive the welcome vouchers.
What exactly do I get as a welcome benefit?
You can choose between welcome vouchers worth up to Rs. 60,000 valid at Taj or Postcard Hotels, or vouchers worth Rs. 35,000 for Reliance Luxe.
Do rent or utility payments count toward the Rs. 50,000 spend target?
Rent and utilities are strictly excluded from standard rewards and do not count toward your welcome benefit spending milestone.
When will I receive my welcome vouchers?
Once you complete the required Rs. 50,000 spend and clear your joining fee payment, the bank issues the vouchers within 30 days.
How many reward points do I earn on fuel?
You earn 5 Membership Rewards points for every Rs. 100 spent on fuel purchases.
Is there a limit to how many points I can earn on fuel?
Yes, the maximum number of points you can earn on fuel is capped at 5,000 points per month. This equals Rs. 1,00,000 in monthly fuel spending.
What is the reward rate for international spending?
You earn 3X Membership Rewards points on all overseas spends made in foreign currencies.
What is the exact value of one Membership Rewards point?
One Membership Rewards point is valued at Rs. 0.25 for standard redemption options.
Do I earn points on jewelry purchases?
No, jewelry purchases are strictly excluded from earning any reward points on this card.
Will I get points for paying my utility bills?
No, utility bill payments are listed under the exclusion categories and do not earn Membership Rewards points.
Do ATM cash withdrawals earn any rewards?
No, ATM cash withdrawals are excluded from rewards and also attract high cash advance fees.
What is the standard reward rate for normal shopping?
The standard reward rate is 1 Membership Rewards point for every Rs. 40 spent on regular domestic purchases.
Are wallet top-ups eligible for points?
No, loading money into digital wallets does not earn any reward points on this card.
Do I earn points on my insurance premiums?
No, insurance premium payments are completely excluded from the reward program.
What dining membership comes with this card?
You get a complimentary 12-month membership to EazyDiner Prime, which provides significant discounts at premium restaurants.
How much discount can I get at restaurants?
Through the EazyDiner Prime membership, you can get between 25% and 50% off your total bill at over 2,000 participating restaurants.
Do I get any benefits on food delivery?
Yes, you get a flat discount of Rs. 100 on delivery and takeaway orders that exceed Rs. 500.
What is the EazyPoints joining bonus?
Upon activating the dining benefit, you receive a joining bonus of 2,000 EazyPoints to use within the EazyDiner ecosystem.
Do I earn extra points when eating out?
Yes, you earn 2X EazyPoints on all your eligible dining spends through the platform.
Does this card provide travel insurance?
Yes, it provides Overseas Medical Insurance specifically designed for international travel emergencies.
Is there any life or accident cover?
The card comes with Air Accident Insurance coverage for the primary cardholder.
How do I claim the medical insurance if I get sick abroad?
Submit insurance claims through the American Express Global Assist hotline or via the dedicated insurance portal provided in your welcome kit.
What is the maximum coverage amount for the air accident policy?
The Air Accident Insurance provides coverage up to Rs. 5 Crore, while Overseas Medical Insurance covers emergencies up to $50,000.
Milestone Benefits
Voucher Benefit(Worth ~ ₹45,000)
Spend ₹20,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Membership Rewards Point = ₹0.57
Redemption Options
- Travel
- Dining
- Gadgets & Electronics
- Luxury Products
- Airline Miles Transfer
- Hotel Points Transfer
- Shopping Vouchers
To check redemption catalogue
Redeeming the Membership Rewards points you earn is a straightforward process managed entirely throug...
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Redeeming the Membership Rewards points you earn is a straightforward process managed entirely throug...
Redeeming the Membership Rewards points you earn is a straightforward process managed entirely through the American Express digital portal. The points hold a standard conversion rate where 1 MR point equals Rs. 0.25. You have a wide array of redemption options including travel bookings, dining deals, gadgets and electronics, luxury products, and shopping vouchers.
One of the most popular ways to maximize value is through Airline Miles Transfer or Hotel Points Transfer. To redeem, simply log into your American Express account, navigate to the Membership Rewards catalogue, select your desired category, and complete the transaction. Be aware that picking items from the catalogue attracts a minor handling fee.
For example, if you accumulate 20,000 MR points, the baseline cash value is Rs. 5,000 (20,000 x Rs. 0.25). You can use this to grab Rs. 5,000 worth of shopping vouchers right from the portal.
View FAQ
Commonly Asked Questions
How do I initiate a reward redemption?
Log into your net banking or mobile app, go to the rewards section, browse the redemption catalogue, and select the item or voucher you want.
What is the rupee value of my reward points?
Each Membership Rewards point is worth Rs. 0.25 when redeemed for standard options.
Can I convert my points to flight miles?
Yes, the card allows you to transfer your points to various partner airline miles programs for booking award flights.
Are hotel transfers available?
Yes, you can transfer your points to partner hotel loyalty programs, which is often a great way to maximize point value.
Is there a fee to redeem my points?
Yes, a redemption handling fee of Rs. 99 plus GST is charged when you redeem points against the product catalogue.
Do I get cash directly credited to my bank account?
No, this card operates on a reward points system rather than direct cash credits. You must actively redeem the points for vouchers, products, or statement credits.
Do my Membership Rewards points expire?
Membership Rewards points earned on the Platinum Card never expire as long as your account remains active and in good standing.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an American Express Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an American Express Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Rent Payment
Insurance Payments
EMI Spends
ATM Cash Withdrawals
Jewellery Purchases
Education Spends
Government-related Transactions
Wallet transactions
Load Money
Bank Charges & Fees
All Reversals
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
For Spends Waiver
Rent Payment
Insurance Payments
EMI Spends
ATM Cash Withdrawals
Jewellery Purchases
Education Spends
Government-related Transactions
Wallet transactions
Load Money
Bank Charges & Fees
All Reversals
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
It is crucial to understand where this card will not work for you. The bank has heavily restricted se...
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It is crucial to understand where this card will not work for you. The bank has heavily restricted se...
It is crucial to understand where this card will not work for you. The bank has heavily restricted several spending categories from earning any reward points. If you use this card to pay rent, clear insurance premiums, or pay utility bills, you will earn zero points. EMI spends, ATM cash withdrawals, and education spends are also excluded.
Furthermore, government-related transactions, loading money into digital wallets, gambling, toll payments, and railway ticket purchases will not benefit your rewards balance. For example, if you pay a Rs. 40,000 school fee and a Rs. 20,000 insurance premium using this card, that Rs. 60,000 spend generates absolutely no value for you.
View FAQ
Commonly Asked Questions
Will I earn points when paying my monthly rent?
No, rent payments are strictly excluded from earning any reward points. Additionally, they attract a 1% surcharge fee.
Are insurance payments eligible for rewards?
No, all insurance premium payments made through this card are completely excluded from the rewards program.
Can I earn points by paying school or college fees?
No, education-related spends do not accumulate any Membership Rewards points.
Do I get points for buying gold or jewelry?
No, jewelry purchases are specifically listed in the exclusion categories and earn zero points.
Are EMI transactions rewarded?
No, if you convert a purchase into an EMI, that transaction becomes ineligible for reward points.
Will adding money to my Paytm or Amazon Pay wallet give me points?
No, wallet transactions and "load money" activities are entirely excluded from reward benefits.
Do government or tax payments earn rewards?
No, government-related transactions do not qualify for any points on this card.
What happens if I spend in an excluded category?
The payment will process normally, but your monthly statement will show zero reward points earned for that specific transaction.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.5% |
APR Fees Since American Express Platinum Charge Card is a charge card, there are no finance charges applicable as there is no revolving credit. All charges are due immediately on the statement's due date | Not Applicable |
ATM withdrawal Cash withdrawal services on the American Express Platinum Card are temporarily suspended in India. Internationally, cardmembers can withdraw up to US$750 every 14 days | Not Applicable |
Reward Redemption Fees | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1.8% (Minimum ₹10) is applied to transactions made for booking railway tickets | 1.8% |
Rent Payment Fees A surcharge fee of 1% applies on rental transactions made using the credit card | 1% |
cheque Payment Fees A fee of ₹50 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal | ₹50 |
Cash Payment Fees ₹100 cash payment fee per deposit | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 – ₹100 | ₹0 |
| ₹101 – ₹500 | ₹100 |
| ₹501 – ₹1,000 | ₹350 |
| ₹1,001 – ₹5,000 | ₹550 |
| ₹5,001 – ₹10,000 | ₹750 |
| ₹10,001 – ₹25,000 | ₹1100 |
| Above ₹25,000 | ₹1300 |
Understanding the fees on the American Express Platinum Card is essential because mistakes with a pre...
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Understanding the fees on the American Express Platinum Card is essential because mistakes with a pre...
Understanding the fees on the American Express Platinum Card is essential because mistakes with a premium charge card can be extremely costly. Overall, this card carries a heavy fee structure, from its massive joining cost to its high penalties for late payments and foreign transactions.
The joining fee for this card is a substantial Rs. 66,000 plus applicable taxes. This is a non-waivable charge card fee, meaning you must pay it regardless of your relationship with the bank. However, if you clear this fee and hit the spending milestone, you get up to Rs. 60,000 in welcome vouchers to balance it out.
The annual renewal fee is also Rs. 66,000 plus applicable taxes, charged from the second year onwards. There is no traditional waiver for this fee. Instead, if you spend Rs. 20 lakh in a year (about Rs. 1.66 lakh monthly), you earn renewal vouchers worth up to Rs. 35,000, leaving you to absorb the remaining cost.
The interest rate, or Annual Percentage Rate (APR), is steep at 3.75% per month, translating to an aggressive 45% per annum. While charge cards expect full payment, if you end up with an unpaid outstanding balance of Rs. 10,000, the finance charges will add approximately Rs. 375 to your bill in just one month, plus taxes.
Late payment charges are staggered based on your outstanding amount. The penalties range from Rs. 0 for tiny balances up to Rs. 1,300 for balances exceeding Rs. 50,000. For instance, if you forget to pay a statement balance of Rs. 3,000, you will be slapped with a Rs. 600 late payment fine.
The foreign transaction or forex markup fee sits at a high 3.5%. This applies to international POS payments and online foreign currency purchases. If you swipe your card for a USD equivalent of Rs. 10,000 in Dubai, the bank will charge you an extra Rs. 350 just for the currency conversion.
The ATM cash withdrawal fee is punishing at 2.5% of the withdrawn amount, subject to a minimum of Rs. 500. Withdrawing cash on any credit card is a bad idea, but if you withdraw Rs. 10,000 at an ATM with this card, you will instantly pay a Rs. 500 fee, plus immediate interest charges.
A rent payment convenience fee of 1% applies to all rental transactions. If you use this card to pay your monthly house rent of Rs. 30,000, you will incur an additional fee of Rs. 300, and you will not even earn reward points on the transaction, making it a poor choice for rent.
The railway surcharge is 1.80% applied to transactions made for booking train tickets. If you book premium train tickets worth Rs. 5,000, expect an extra Rs. 90 added to your cost as a surcharge.
A cash payment fee of Rs. 150 applies if you choose to pay your credit card bill by depositing physical cash at a bank branch. You can completely avoid this easily by paying your bill online via net banking or UPI.
A cheque payment fee of Rs. 100 is levied in the event of a cheque return, dishonour, or auto-debit reversal. If your bank account lacks funds and your Rs. 50,000 auto-debit fails, you pay this penalty along with standard late fees.
The reward redemption fee is Rs. 99 plus GST. Whenever you decide to convert your accumulated Membership Rewards points into items from the rewards catalogue, this handling charge reduces your effective net value slightly.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 66,000 + taxes |
| Annual Fee | Rs. 66,000 + taxes |
| Interest Rate (APR) | 3.75% per month (45% annually) |
| Late Payment Fee | Rs. 0 to Rs. 1,300 based on outstanding balance |
| Forex Markup | 3.5% |
| Cash Withdrawal Fee | 2.5% (minimum Rs. 500) |
| Rent Payment Surcharge | 1% |
| Railway Surcharge | 1.80% |
| Cash Bill Payment Fee | Rs. 150 per deposit |
| Cheque Return Fee | Rs. 100 |
| Reward Redemption Fee | Rs. 99 + GST |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 66,000 plus applicable taxes.
What is the annual or renewal fee?
The annual renewal fee is Rs. 66,000 plus applicable taxes.
Is there an annual fee waiver based on spending?
No, there is no total waiver. Spending Rs. 20 lakh annually gets you renewal vouchers worth up to Rs. 35,000.
How can I get this card lifetime free?
This premium charge card is not offered as a lifetime free product under standard circumstances.
What is the interest rate (APR) if I don't pay my full balance?
The finance charge is 3.75% per month, which equals 45% per annum on unpaid balances.
How is the interest calculated on outstanding balances?
Finance charges of 3.75% per month apply on your unpaid outstanding balance until the amount is fully repaid.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 1,300 depending on the size of your unpaid statement balance.
Is the late payment fee different based on outstanding amount?
Yes, the fee is tiered. For example, balances under Rs. 100 attract zero fee, while balances between Rs. 1,001 and Rs. 5,000 attract a Rs. 600 fee.
What is the forex markup for international transactions?
The card charges a 3.5% forex markup on all transactions made in currencies other than Indian Rupees.
Can I withdraw cash using my credit card?
Yes, but it is expensive. A fee of 2.5% of the withdrawn amount is applied.
What are the cash withdrawal charges and limits?
You pay 2.5% of the transaction value, subject to a strict minimum charge of Rs. 500 per transaction.
What happens if I spend more than my credit limit?
As a charge card with a dynamic limit, unusually high spends are declined at the point of sale, though no specific overlimit fee is charged since there is no fixed limit to exceed.
Are there fees for paying rent with this card?
Yes, a 1% surcharge is levied on all rental transactions processed on this card.
Is there a fee for paying my bill in cash?
Yes, depositing physical cash at a branch to pay your card bill incurs a Rs. 150 cash payment fee.
What are the charges for cheque payment of bills?
If your cheque or auto-debit bounces or is dishonoured, the bank charges a penalty of Rs. 100.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What is the most important document for Video KYC?
Your original physical PAN card is the most critical document. Photocopies or digital versions on your phone will be rejected during the video call.
What documents can I use for address proof?
An Aadhaar card is the standard and fastest method for address verification through biometric KYC.
How do I prove my Rs. 25 lakh salary?
Salaried applicants must upload their last 2 to 3 months of salary slips along with their most recent Form 16 or bank statements showing salary credits.
What income proof is needed for self-employed individuals?
Self-employed applicants must provide their latest Income Tax Returns (ITR) showing a minimum personal income of Rs. 15 lakh, along with business financials.
Do I need to submit physical passport size photos?
No, since the process utilizes Video KYC, the agent will capture a live photograph of your face during the call.
Will I be asked for bank statements?
Yes, the bank will ask for your last 3 to 6 months of bank statements to verify your cash flow and financial stability before approving a no-limit charge card.
Who Should Get This Card?
You should apply for the American Express Platinum Card if you are a high-earning individual (making over Rs. 25 lakh annually) who frequently stays at luxury properties like the Taj or Postcard Hotels. If you regularly spend heavily on international trips and appreciate elite dining discounts through EazyDiner, the specialized rewards and massive welcome bonus will easily justify the high annual fee for you.
On the other hand, you should strictly avoid this card if you are looking for flat cashback, if you carry a balance month-to-month, or if you refuse to pay high annual fees. If your primary goal is collecting rewards on everyday utilities, rent, and groceries, the extensive exclusion list on this card will leave you deeply frustrated. Furthermore, if you rely on your credit card for free airport lounge access, this specific data profile indicates zero benefits in that category.
Credit Limit and What to Expect
Unlike standard credit cards that come with a pre-set hard limit, this product operates as a charge card. Charge cards offer a dynamic spending capacity that adjusts based on your purchase patterns, payment history, and financial profile. However, this flexibility means the bank expects you to clear your entire outstanding balance by the due date every single month.
View FAQ
Commonly Asked Questions
What will my credit limit be on this card?
This is a charge card, meaning it does not have a fixed pre-set spending limit. Your purchasing power adjusts dynamically.
Can I carry my balance forward to the next month?
Charge cards are designed to be paid in full every month. While an APR exists for unpaid balances, carrying a balance is strongly discouraged and can impact your card standing.
How does the dynamic limit work?
The bank evaluates your spending habits, payment history, and declared income to approve or decline individual large transactions in real-time.
Can I check if a large purchase will be approved?
Yes, American Express provides a "Check Spending Power" tool on their app and website to see if a specific large amount will clear.
Will my spending power increase over time?
Yes, consistently making large purchases and paying the bill in full on time will naturally expand your dynamic spending capacity.
What happens if I try to spend beyond my usual pattern?
An unusually large transaction might be flagged or declined. You can contact customer care beforehand to authorize a large purchase.
How to Apply?
Applying for this credit card requires a straightforward process. You can start the application online by visiting the official American Express website. You will need to fill in your personal details, employment information, and PAN number to check preliminary eligibility. The bank heavily relies on Video KYC for verifying applicants.
During the application, ensure you are within 50 kilometers of your declared residential address, as the VKYC process uses geo-tagging. Keep your original PAN card handy and ensure you are in a well-lit room with a stable internet connection.
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Commonly Asked Questions
Where can I apply for this card?
You can apply directly through the official American Express website or authorized partner portals online.
What is the fastest way to complete KYC?
Video KYC is the fastest method. It allows you to verify your identity digitally through a video call with a bank agent.
Do I need physical documents for Video KYC?
You only need your original physical PAN card to show the agent on camera, along with a blank paper and pen for a live signature.
Are there location restrictions for the Video KYC?
Yes, standard procedures require you to be physically present within 50 kilometers of your registered residential address during the call.
How can I track my card application?
You will receive an Application Reference Number (ARN) via SMS and email, which you can use on the bank's tracking portal to check your status.
What should I do if my Video KYC gets disconnected?
You can usually click the same link to rejoin the queue, or the bank will send you a fresh link to complete the process.
How long does the approval take after KYC?
Once Video KYC and income document verification are complete, final approval generally takes 5 to 7 working days.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹3250 Rewards
Top Benefits
Welcome Vouchers Worth up to ₹60,000
on paying the joining fee and spending INR 50,000 within the first 60 days of card membership
Earn 3X Reward Points on all Overseas
spends made in a currency other than Indian Rupees
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