The AMEX Platinum Charge has an annual fee of $1712, but why am I willing to sign up and pay for it and how much I can recover from the freebies?
The AMEX Platinum Charge comes with a pack of perks however the annual fee will cost $1712 and this is by far the highest amount of annual fee that I paid. The second highest is SCB X Card which is $695.50.
I try to breakdown the benefits below so that I am able to justify to my other half why I am willing to pay so much to own this card.
Benefits and Value Overview
The value I impose on the benefits is base on how I feel and should not be a conclusive amount as It is subjective base on individuals.
|75,000 MR Points Bonus (1.5 cents)||$703|
|2 nights Banyan Tree or
|Hotel and Car Rental Status||$500|
By paying $1712 I am expecting to get a value of $3677 which is quite a good deal. Let’s say I took out $703 which is from the spending I am still getting a value of $2974.
As i foresee my family to be traveling at least 3 times a year, the lounge access is quite useful for us and not forgetting that with Hilton Gold status, I do not need to do fast track yearly anymore to maintain the status.