American Express Platinum Reserve Credit Card
Joining Fee: ₹10,000 + GST
Renewal Fee: ₹10,000 + GST
Reward Type: Reward Points
Welcome Benefits
You receive 11,000 bonus Membership Rewards Points on spending ₹30,000 within the first 90 days of card issuance. This offer is subject to the realization of the joining fee.
Reward Rate
Earning Points: Earn 1 Membership Rewards Point for every ₹50 spent, excluding fuel, insurance, utilities, cash transactions, and EMI conversions. Additionally, you earn 3X Reward Points when shopping through the AmEx Rewards Multiplier.
Reward Redemption: Points can be redeemed for e-vouchers on Amex’s online portal, used for INSTA purchases at offline stores, or for credit card bill payments under the Cash + Points scheme. Points can also be transferred to various airline and hotel loyalty programs.
Milestone Benefits
Monthly: Choose between Flipkart, BookMyShow, or other brand vouchers worth ₹1,000 upon spending ₹50,000 in a calendar month.
Annual: Receive a ₹10,000 Taj Stay Voucher on spending ₹5 lakh in a membership year, subject to joining fee realization.
Travel Benefits
Domestic Lounges: 12 complimentary visits (max 3 per quarter) to partner lounges in India.
International Lounges: Complimentary Priority Pass membership with two free visits; additional visits are chargeable.
Hotel Perks: USD 100 hotel credit and room upgrade at Hyatt & Hilton Hotels, complimentary Taj Epicure Membership, and Accor Plus Traveller Membership.
Movie Benefits
Choose between a movie or shopping voucher worth ₹1,000 on a minimum monthly spend of ₹50,000, redeemable at brands like Flipkart, Shoppers Stop, and PVR.
Dining Experiences
Taj Epicure Program: 50% off on the first three dining transactions, room upgrades, and happy hours.
EazyDiner Prime: Minimum 25% off on Prime restaurants and complimentary drinks with bookings.
Golf Privileges
Two complimentary rounds of golf monthly at top Indian destinations upon spending ₹50,000 in the previous two months. Discounts on golf lessons also available.
Concierge Service
24×7 global concierge service for tasks like booking flowers, movie tickets, golf, and more. Available via 1800-180-1030 or 1800-419-1030.
Insurance Benefits
Personal Air Accident Cover: ₹1 crore in case of loss of life.
Purchase Protection: Refunds for stolen or damaged items within 60 days of purchase, in partnership with ICICI Lombard.
Fuel Surcharge
No surcharge at HPCL for transactions up to ₹5,000; 1% surcharge at BPCL and IOCL, 2.5% at other stations.
Zero Liability Protection
No liability for fraudulent transactions if reported within three days; otherwise, limited to ₹1,000.
Pros and Cons
| Pros | Cons |
|---|---|
| Generous Welcome Benefit: 11,000 Membership Rewards Points on initial spending of ₹30,000. | High Annual Fee: ₹5,000 per annum, with a lower joining fee of ₹3,500 in the first year. |
| Attractive Milestone Rewards: Vouchers worth ₹1,000 for monthly spending and a ₹10,000 Taj Stay Voucher annually. | High Foreign Currency Mark-Up: 3.5% on international transactions. |
| Extensive Travel Benefits: 12 domestic lounge visits, Priority Pass membership, hotel credits, and memberships. | Limited International Lounge Visits: Only two complimentary visits via Priority Pass. |
| Dining and Golf Privileges: Significant discounts and complimentary golf rounds with high spending. | No Comprehensive Insurance: Lacks broader travel insurance benefits. |
| Excellent Concierge Service: 24×7 global assistance for various needs. | High Fuel Surcharge for Some Stations: Up to 2.5% at non-partner stations. |
This table and summary provide a clear overview of the benefits and drawbacks of the American Express Platinum Reserve Credit Card.
Summary
If you're focused on travel benefits, the American Express Platinum Travel Card might be a better choice due to its similar rewards and lower annual fee compared to this card. However, if you're seeking a premium credit card with a broad range of benefits, including exclusive travel perks, this card is a strong contender.For those who value the prestige of the American Express brand, this card offers significant value, especially with its additional dining benefits and complimentary memberships.