Image of The American Express Platinum Card Targeted Offer credit card

Card

The American Express Platinum Card

Offer

The American Express Platinum Card Targeted Offer

For invited customers

Selected terms version

Ended. These terms are no longer available.

Published 16 Mar 2026

View current offer termsOffer terms history
$1,450 first year annual fee
200,000 points
2.25 points per dollar
Spend $5,000 in 90 days

This offer is currently unavailable.

Source wording history

Offer terms

PremiumOffer Ended

Signup Bonus

200,000 points

American Express

Minimum Spend

$5,000

within 3 months

Cash Bonus

$450Travel Credit

Additional Cash Bonus

$400Global Dining Credit

Offer Expires

August 25, 2026

a month ago

Ongoing Earn Rate

2.25x points per $1 spent

Fees

First Year Annual Fee

$1,450

Ongoing Annual Fee

$1,450

From year 2 onwards

Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.

Benefit history

  • Dining BenefitsUpdated May 2026
  • Travel CreditsUpdated May 2026
  • Lounge AccessUpdated May 2026
  • Rewards Program Elite StatusUpdated May 2026
  • Points Transfer BenefitsUpdated May 2026
  • Purchase Protection InsuranceUpdated May 2026
  • Extended Warranty InsuranceUpdated May 2026
  • Travel InsuranceUpdated May 2026
  • Concierge ServiceUpdated May 2026
  • Subscription BenefitsUpdated May 2026
  • Hotel BenefitsUpdated May 2026
  • Shopping BenefitsUpdated May 2026
  • Entertainment BenefitsUpdated May 2026
  • Digital Wallet IntegrationUpdated May 2026
CraigCraig's Analysis
+200,000sign-up bonus
+11,250from $5,000 spend
=105,625Velocity points
×1.7¢per point
=$1,796point value
+$850cashback
−$1,450first-year fees
=$1,196est. first-year value

Sydney → London · Business (150,000 pts/way)

70% of one way trip

Points via Air Canada

Bonus Difficulty

Moderate

●●○

$56 per day required

First Year Cost

$1,450

annual fee

Estimated Bonus Value

$1796

Based on 1.7000000000000002¢ per Velocity point

Earn Rate

Excellent

●●●●

2.25x American Express points per $1

Travel Benefits

Lounge Access

Access over 1,550 airport lounges worldwide, including The Centurion Lounge, Escape Lounges - The Centurion Studio Partner, Priority Pass lounges, Plaza Premium Lounges, Delta Sky Club (when flying Delta) and Virgin Australia Domestic Lounges

Did this help you make a decision?

105,625 Velocity points
1.13 points per dollar
Points transfer 2 American Express points 1 Velocity points

Can I get this bonus if I've had a card from American Express before?

You generally need to wait 18 months after your last American Express sign-up bonus before you can earn this one.

See exclusion periods for every Australian issuer →
OzBargain discussion for this card

Offer terms history

These are published versions of this offer's terms. Each version preserves the conditions available at that time.

Published 29 Aug 2026

Ended 29 Aug 2026

Changes from terms version 20

Second Year Bonus:
0100,000
Expiration Date:
25 Aug 2026
Notes:
It is a Charge Card and you have to pay the balance in full every month.Ended after the active 325,000-point offer was confirmed as a referral variant and moved to the separate referral offer source.

Published 19 May 2026

Ended 29 Aug 2026

Changes from terms version 19

Bonus:
200,000225,000

Published 16 Mar 2026

Ended 19 May 2026

Changes from terms version 18

Bonus Cash Description Two:
Dining CreditGlobal Dining Credit
Lounge Pass:
Access to 1,400+ airport lounges in more than 140 countries, including The Centurion Lounge, Escape Lounges (Centurion Studio Partner), Priority Pass lounges, Plaza Premium Lounges, Delta Sky Club (when flying Delta) and Virgin Australia Domestic LoungesAccess over 1,550 airport lounges worldwide, including The Centurion Lounge, Escape Lounges - The Centurion Studio Partner, Priority Pass lounges, Plaza Premium Lounges, Delta Sky Club (when flying Delta) and Virgin Australia Domestic Lounges

Published 8 Mar 2026

Ended 16 Mar 2026

Changes from terms version 17

Bonus:
225,000200,000
Bonus Cash Description Two:
Global Dining CreditDining Credit
Expiration Date:
25 Aug 2026
Lounge Pass:
Access to 1,400+ Airport Lounges in more than 140 countries, including the Centurion Lounge, Escape Lounges - The Centurion Studio Partner, Priority Pass Lounges and moreAccess to 1,400+ airport lounges in more than 140 countries, including The Centurion Lounge, Escape Lounges (Centurion Studio Partner), Priority Pass lounges, Plaza Premium Lounges, Delta Sky Club (when flying Delta) and Virgin Australia Domestic Lounges

Published 24 Dec 2025

Ended 28 Feb 2026

Changes from terms version 16

Bonus Cash Description Two:
Dining CreditGlobal Dining Credit

Published 22 Dec 2025

Ended 24 Dec 2025

Changes from terms version 15

Bonus Cash Description Two:
Global Dining CreditDining Credit

Published 21 Dec 2025

Ended 22 Dec 2025

Changes from terms version 14

Bonus Cash Two:
$84$400
Bonus Cash Description Two:
Amazon Prime Subscription CreditGlobal Dining Credit

Published 14 Dec 2025

Ended 21 Dec 2025

Changes from terms version 13

Bonus Cash Two:
$349$84
Bonus Cash Description Two:
ALL Accor+ Explorer MembershipAmazon Prime Subscription Credit

Published 1 Dec 2025

Ended 14 Dec 2025

Changes from terms version 12

Bonus Cash Two:
$84$349
Bonus Cash Description Two:
Amazon Prime subscription CreditALL Accor+ Explorer Membership

Published 2 Oct 2025

Ended 1 Dec 2025

Changes from terms version 11

Bonus:
150,000225,000
Expiration Date:
9 Sep 2025

Published 27 Sep 2025

Ended 2 Oct 2025

No recorded term changes from the previous version.

Published 26 Sep 2025

Ended 26 Sep 2025

No recorded term changes from the previous version.

Published 26 Sep 2025

Ended 26 Sep 2025

No recorded term changes from the previous version.

Published 23 Sep 2025

Ended 26 Sep 2025

No recorded term changes from the previous version.

Published 23 Sep 2025

Ended 26 Sep 2025

No recorded term changes from the previous version.

Published 23 Sep 2025

Ended 23 Sep 2025

No recorded term changes from the previous version.

Published 23 Sep 2025

Ended 23 Sep 2025

Changes from terms version 4

Bonus:
200,000150,000
Expiration Date:
8 Jul 20259 Sep 2025
Lounge Pass:
Access to 1400+ Airport Lounges in more than 140 countriesAccess to 1,400+ Airport Lounges in more than 140 countries, including the Centurion Lounge, Escape Lounges - The Centurion Studio Partner, Priority Pass Lounges and more

Published 23 Aug 2025

Ended 23 Aug 2025

No recorded term changes from the previous version.

Published 11 Aug 2025

Ended 23 Aug 2025

Changes from terms version 2

Lounge Pass:
Access to 1400+ Airport Lounges in more than 140 countries, including the Centurion Lounge, Escape Lounges - The Centurion Studio Partner, Priority Pass Lounges and moreAccess to 1400+ Airport Lounges in more than 140 countries

Published 24 May 2025

Ended 19 Jul 2025

Changes from terms version 1

Bonus:
150,000200,000
Expiration Date:
6 May 20258 Jul 2025
Lounge Pass:
Access to 1400+ Airport Lounges in more than 140 countries, including the Centurion Lounge, Escape Lounges - The Centurion Studio Partner, Priority Pass Lounges and more

Published 26 Mar 2025

Ended 24 May 2025

First recorded terms

Bonus American Express:
150,000
Bonus Cash:
$450
Annual Fee:
$1450
Minimum Spend:
$5,000 in 90 days
Craig

Something out of date? Let me know on Instagram, Facebook, or email and I'll fix it ASAP.

— Craig