American Express® Platinum ReserveSM Credit Card
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American Express’ Platinum Reserve credit card, second only to their top-tier Platinum card, offers a range of travel perks like Taj Epicure membership and the Hotel Collection program, along with exclusive dining benefits, complimentary golf, and movie vouchers. While the Platinum card boasts a variable credit limit, the Reserve card comes with a fixed limit. However, both cards hold a distinct brand value, often preferred over competitors like Visa and MasterCard. This article dives into the full spectrum of benefits offered by the Platinum Reserve card to help you decide if it aligns with your needs.
Features & Benefits
Fees & Charges
| Fees/Charges | Amount | Description |
|---|---|---|
| First Year Membership Fee | ₹ 5000+ applicable taxes | - |
| Renewal Membership Fee* | ₹10000+ applicable taxes | Second year onwards |
| Revolving Credit Interest Rate | 3.5% per month | - |
| Foreign Transaction Fee | 3.5% | on the conversion amount |
| Cash Advance Charges | 3.5% of the transaction amount subject to a minimum charge of Rs. 250. | - |
| Add-on Card Fee | 4 add-on cards free, Rs. 1,500 / | card chargable for each additional card. |
All About the Card
Overview
The American Express Platinum Travel Credit Card caters to frequent travellers with its tiered rewards program. It offers a welcome bonus of 10,000 points and additional points based on annual spending, redeemable for travel, shopping vouchers, or bill payments. Cardholders enjoy complimentary domestic airport lounge access, a waived annual fee for Priority Pass membership (with usage fees), and movie/dining discounts. You earn points on most purchases and can transfer them to various airline and hotel loyalty programs. While the annual fee is Rs. 5,000 after the first year, the card’s benefits may outweigh the cost for frequent travellers who value lounge access, travel rewards, and other perks.
Highlights
| Key Highlights | Description |
|---|---|
| Best Suited for | Travel, Rewards |
| Annual fee | ₹ 3500 + applicable taxes |
| Additional Benefits | Foreign Currency Markup:3.5%+GST
Elite Tier Membership: Enjoy privileged access and benefits at select fine dining establishments. This could include: - Priority reservations - Exclusive discounts or menu options - Special member events Complimentary Memberships: The card may offer complimentary memberships to programs like Taj Epicure or EazyDiner Prime, enhancing your dining experiences with: - Exclusive access to participating restaurants - Special offers and discounts - Priority booking Concierge Service: Access the personalized concierge service to make reservations and secure special arrangements at fine dining restaurants, taking the stress out of planning a memorable meal. |
Benefits
The American Express Platinum Travel Credit Card caters to frequent travellers with tiered rewards and travel benefits. You can earn up to 38,600 Membership Rewards Points annually, redeemable for travel, vouchers, or bill payments, based on your spending. Additionally, enjoy complimentary domestic and international airport lounge access, 0% convenience fee on HPCL fuel, and up to 20% off at select restaurants, making it an attractive option for those who prioritize travel perks and rewards.
Movie & Dining
- BookMyShow vouchers: Earn Rs. 500 worth of BookMyShow vouchers every month when you spend Rs. 25,000 with the card.
- Complimentary memberships: Gain exclusive access to dining experiences through:
- Taj Epicure membership: Enjoy privileges like priority reservations and special offers at select fine-dining restaurants.
- EazyDiner Prime membership: Access exclusive discounts and priority booking at participating restaurants.
Reward Points
Travel
- Airport lounge access: Enjoy complimentary access to domestic airport lounges in India, 12 times per year (limited to 3 per quarter).
- Priority Pass membership: Access a wider network of international lounges for a fee of USD 32 per person per visit.
- Complimentary Taj Epicure membership: Enhance your travel experience with exclusive benefits at select hotels.
Golf
Free golfing: Enjoy two complimentary rounds of golf per month at over 32 premium courses across India, with waived green fees.
Insurance
- Air accident cover: Receive up to Rs. 1 crore of coverage in case of an air accident.
- Purchase protection: Get reimbursed for loss, damage, or theft of products purchased with the card.
Security
- Zero liability protection: Be protected from unauthorized card use. If you report a lost card within 3 days, you won’t be liable for any fraudulent charges. If you report it after 3 days, your liability is limited to Rs. 1,000.
How to Apply?
If the user is an offline person, just head over to the nearest American Express branch with the required documents, and fill out a physical application form.
For those who prefer the convenience of online applications, simply follow these simple steps:
Step 1: Visit offers.shepays.com and navigate to the ‘Credit Card’ section.
Step 2: Select the American Express® Platinum ReserveSM Credit Card Card from the available options and click on ‘Apply Now’.
Step 3: Fill out the online application form with personal and financial details once you’re redirected to American Express bank application portal.
Step 4: Upload the required documents, such as identity proof and income proof.
Step 5: Submit the application and wait for the bank’s decision.
It’s always a good idea to carefully review the terms and conditions of the credit card before applying and to consult with a financial advisor or the bank in case of any questions or concerns.
Eligibility Criteria
To be eligible to apply for the American Express® Platinum ReserveSM Credit Card , you’ll need to meet simple eligibility criteria and keep certain documents handy. We’ve highlighted the same below:
- Age: 18 years or older
- Residence: Indian citizen with current/permanent address in India
- Bank Account: Savings or current account with an Indian or multinational bank in India
- Income: Minimum annual income of Rs. 6 lakhs (salaried & self-employed)
- Creditworthiness: Good credit history with no payment defaults (salaried & self-employed)
- Business Status (Self-employed only): Business operational for at least 12 months
- Additional: Agree to notify American Express of any change in residential status
Documents Required
- Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
