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Amex Platinum cashback rate, cap and annual fee

Amex Platinum pays 3% at flights, direct or via Amex Travel — on the first USD 100,000 you spend on it each month, which is where the USD 3,000 cap stops it. The card costs USD 895 a year.

American Express · United States · catalogue v101

Read from American Express's own published terms on 23 Sep 2026.

USD 895Annual fee
3%Best rate

What it pays, by category

SpendingRateMonthly cap
flights, direct or via Amex Traveltravel3.00%USD 3,000reached at USD 100,000 of spendFlights booked direct with the airline or through American Express Travel, on up to $500,000 of these purchases per calendar year.
prepaid hotels via Amex Traveltravel3.00%—Prepaid hotels booked through American Express Travel.
everything else0.60%—All other purchases.
American Express's own card page, read 23 Sep 2026. Two 5x rates and nothing else above 1x: this is a credits-and-access card, not an earning card, and the $895 fee only makes sense read that way. The 5x on flights is capped at $500,000 of such purchases per calendar year — a ceiling almost nobody meets, recorded because it is published. Hotels earn 5x only when PREPAID through American Express Travel; booked direct they earn 1x, which is the opposite of what the Sapphire Reserve does and worth knowing if you hold both.

Questions people ask

What cashback does the Amex Platinum pay?

3% at flights, direct or via Amex Travel, 3% at prepaid hotels via Amex Travel and 0.6% on everything else. The top rate is capped at USD 3,000 a month.

Is there a cap on the Amex Platinum?

Yes. flights, direct or via amex travel is capped at USD 3,000 a month.

What is the annual fee on the Amex Platinum?

USD 895 a year.

Knowing the rate is not the same as remembering it

PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.

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Other United States cards read off the issuer