HansITAcademy

American express platinum is the best credit card for travel with their hotel and airline credit and their airport lounge access to include the centurion lounge. I myself have AMEX platinum and I have to let you know, the benefit outweighs the cost even at their increased annual fee rate, currently sitting at $695 a year.

The card has over $1,500 in value besides the 5X the points on flights and prepaid hotels you get. First, you get $200 hotel credit every year, $200 airline fee credit, $200 uber cash that you can also use for uber eats, $100 at saks which I use to get free shirt or two a year, $300 with equinox, $240 digital entertainment card, $155 walmart credit, global lounge access, and much more.

AMEX platinum was previously just a charge card, but now, it is a hybrid card, combining the features of a charge card and a traditional credit card. A charge card requires you to pay off the entire balance every month while regular credit card allows you to carry a balance from month to month, usually with interest.

It has pay over time feature, which allows you to carry approved balances from month to month, over an approved timeframe with interest. Pay Over Time purchases are moved into a separate balance from regular purchases, up to a limit. Regular purchases must still be paid in full every month and if not, you will pay late fee (up to $40) along with a penalty APR. The card also has plan it feature, which allows you to create payment plan for qualifying purchases in exchange for a fixed plan fee, which is automatically embedded into the card. As for credit limit, there’s no preset limit which means it periodically adjusts the spending power based on your card usage and other variables.