Why this seemingly expensive credit card is worth its annual fee — especially for anyone who travels

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The AmEx Platinum Card comes with a ton of perks that outweigh the cost of its annual fee. Take a look at some of the most valuable card benefits.

, offering perks to travelers and shoppers, it's seen a lot of change over the decades. The charge card was originally an invitation-only product, but today, its perks, benefits, and treats are available for anyone.

The one downside to the card is that it carries a high annual fee. At $550, it costs $100 more than its closest competitor, the $450 , and represents a significant upfront expense. However, the annual perks that come with the card can far outweigh the cost, as long as you maximize them.I enjoy flying, but like many people, I find airports generally unpleasant. I think that most would agree the time you spend in the terminal waiting for your flight can be the most stressful part of a trip. Fortunately, there's a perfect solution: airport lounges.

Lounges are exclusive areas where you can enjoy seats, an internet connection, food, drinks, and sometimes other amenities. Although lounges were traditionally reserved for first class and business class passengers, many are accessible to any traveler who holds either a lounge membership or certain credit cards — and theThe first type is AmEx's own proprietary Centurion Lounges, located at eight airports in the United States — and in Hong Kong.

 

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