7 ways you might be missing the value of your Amex Platinum Card

The American Express Platinum Card® is the most expensive card in my wallet, charging an annual fee of $895 (see rates and fees). It's also one of the cards I receive the most value from, year in and year out.The Amex Platinum isn't the kind of card you can let sit in your wallet without giving it a thought. With so many benefits, you have to put in work to get full value.Here are some ways you may be missing value with your Amex Platinum.Take advantage of the welcome offerNew Amex Platinum cardmembers can find out their offer and may be eligible for as high as 175,000 bonus points after spending $12,000 on purchases in the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.TOM WERNER/GETTY IMAGESAccording to TPG's August 2026 valuations, this bonus is worth up to $3,500. That's more than three times the Amex Platinum's $895 annual fee.With that minimum spending requirement of $12,000 in six months, you'll want to be sure you shift your spending patterns to earn the bonus. Consider paying for everything — such as utilities, rent and groceries — with your new Amex Platinum card during that period.I've used Membership Rewards points to ...