![]() ![]() ![]() "New Zealanders are familiar with credit cards with $50 or even $150 annual fees - The Platinum Card is not a standard card and offers a unique level of benefits. As the Platinum Card earns Membership Rewards Points, it's one of two American Express credit cards popular with business owners or directors who can use their card to pay business costs and earn points for personal use. Our review explains how it works, what it costs and what benefits you will earn. Know This: Are you a business owner? You can now use your AMEX to pay IRD and ACC bills using RewardPay. Please see our Advertising Policy for more details about how we make money. Our research and findings are independent of any bank, credit card issuer, or product manufacturer/service provider, and have not been endorsed by any of these entities. Advertising Disclaimer: MoneyHub may earn a referral bonus for anyone that’s approved through some of the below links. If self-employed, have been trading for at least 18 months (or 12 months if you hold an existing American Express issued Card).Have the right to work in New Zealand, and.Have no history of bad debt or payment default.To apply for an American Express Platinum Card, you’ll need to be able to meet the following criteria: Our guide outlines the benefits, pros and cons and concludes on the card and suggests typical cardholders. In such cases, you’re covered for lounge and hotel perks the Priority Pass network is extensive, but Star Alliance Gold or oneworld Sapphire/Emerald will cover you and, arguably, provide a superior airport (and lounge) experience (with the exception of the high-end Centurion Lounges, available predominantly across America and London). Air New Zealand Airpoints) and one or two hotel chains (i.e. Those who have existing elite membership with an airline (i.e.In such cases, the American Express Airpoints Platinum offers rewards and perks at a fraction of the annual card fee. With COVID-19 expected to drag out, there are limited opportunities right now. If that’s you, there is little opportunity to utilize the full range of benefits outside of hotels in New Zealand. Those who don’t travel internationally at least twice a year.Anyone spending less than $50,000 a year on a credit card.Our View: We believe the card won’t suit the following people: If you're a high spender, this card delivers benefits and perks that well exceed the annual membership fee. While the card offers hundreds of dollars in restaurant and travel rewards, you'll most likely need to spend $100,000+ a year on your card to earn enough loyalty points to pay for the card. Our view is simple - if you need to evaluate in detail whether you can justify the annual fee and/or whether you'll use the perks, the card is probably not for you.Other benefits include Priority Plus lounge membership for the cardholder and one guest, insurance benefits, access to the American Express Fine Hotels program, premium hotel chain loyalty memberships, a travel credit and dining credits for selected restaurant spends.Centurion Lounges are opening in Sydney and Melbourne in 2022, with other locations including London, Hong Kong and the USA. We regard the American Express Centurion Lounge as First Class lounge-level, with dining rooms, cocktail bars and fine wine selections. The exclusive lounge access perks are, in a nutshell, unlimited American Express Centurion Lounge access, alongside American Express International lounge access.While the card may be found in the wallet of high-earning business people, company owners and privately wealthy individuals, there are, arguably, many high-earning/high net-worth New Zealanders may find a use for the card if they're actively travelling and spending.The $1,250 annual fee defines its market, and cardholders need to have the funds available to clear the balance after every month to avoid charge card penalties (up to 3.25% or $20 of the closing balance, whichever is greater). ![]() Who Is The American Express Platinum Card for? ![]()
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