Is the American Express Platinum card worth the cost?

The value of the American Express Platinum card depends greatly on an individual's spending habits and lifestyle preferences. With its high annual fee, it targets a premium market segment by offering an extensive range of benefits such as access to airport lounges, elite status with hotel and car rental programs, a generous points system for travel-related purchases, as well as credits for travel incidentals, dining, and ride-shares that can offset the cost if used fully. For those who travel frequently and are able to take full advantage of the range of benefits and services provided, the Amex Platinum card can offer exceptional value that can far exceed its cost. However, for individuals who travel less or prefer not to keep track of various credits and perks, the card may not be worth the investment.