The American Express Platinum Card is an offer from the leading financial institution.
American Express is ranked 90th among the Fortune 500 companies. It is one of the world’s largest travel networks serving consumers and businesses. The institution currently has 112.2 million cards in force.
According to its website, American Express is “an engine of commerce and provides innovative payment, travel and expense management solutions for individuals and businesses of all sizes.”
In South Africa, the American Express brand is aligned with Nedbank, one of the four largest banking institutions in South Africa.
Tell me more about the American Express Platinum Card?
To qualify for this card, individuals must earn R750 000 or more annually. There is an annual fee of R3550-00. Clients are able to benefit from upgrades and special airfares on certain airlines as well as dedicated travels and lifestyle service.
Further benefits include free internet banking, card replacement and delivery, notifications via SMS as well as membership rewards.
Cardholders have access to preferential interest rates for a low monthly fee. Travel insurance is included as a benefit of owning the card.
The Budget facility is available as an option, while the balance transfer option is available at a preferential debit interest rate.
Cardholders also have access to supplementary cards, along with a Payment Protection Plan which ensures that payments are made even if you are unable to do so as a result of critical illness, retrenchment or death.
It also has global acceptance, as it can be used at over 80 000 merchants. It’s also the perfect card for everyday purchases, travel and entertainment.
If there is a positive balance on the account, you can benefit from this and save.
What do you need to apply?
- Be at least 18 years old
- Be a South African resident
- Earn over R300 000 per annum