Comparing Every Version of the American Express Platinum Card

American Express offers several versions of the Amex Platinum Card: Amex Platinum (Regular), Business Platinum, Ameriprise Financial, Mercedes-Benz, Charles Schwab, Morgan Stanley, and Goldman Sachs. Here's our comparison of all the Amex Platinum cards.

View the current Amex Platinum offers by following the link at the end of post.

Access the spreadsheet here:

Relationship Requirements

To apply for the Charles Schwab, Morgan Stanley, and the Goldman Sachs Amex Platinum cards, you need a relationship with the respective company. Ameriprise Financial encourages a relationship to get the card, but it's not enforced. 

relationship requirement

MR Signup Bonus (non-targeted offers)

The public offers for the regular, Mercedes-Benz, and the Charles Schwab versions are 60,000 point signup bonus after $5,000 in spend within the first three months.

The business version offers a 75,000 signup bonus after $10,000 in spend within the first three months. 

The only variation that doesn't offer a signup bonus is Ameriprise Financial because the $550 annual fee is waived the first year. 

Information about the Morgan Stanley and Goldman Sachs versions are not publicly available.

MR signup bonus and minimum spend requirements

MR signup bonus and minimum spend requirements

Expected Value: Year 1

All of the variations of the Amex Platinum card have a $550 annual fee, except the Business Platinum and Ameriprise Financial. 

The Business Platinum has a $450 annual fee and Ameriprise Financial waives the first year annual fee.

All of the cards come with a $200 airline incidental credit per the calendar year, so you effectively get two $200 credits the first year.

Each variation, except the Business Platinum, comes with a $200 Uber credit ($15/month, $35 in Dec). 

After calculating the credits, the effective annual fee for each Platinum card is -$50. The Business version's effective annual fee is $50, and the Ameriprise Financial version is -$600.  

Expected Value: Year X

After the first year, the annual fee and Uber credits remain the same. The only difference is that you will only receive the airline incidental credit once. Overall, the effective annual fee for each Platinum card is $150. The Business version's effective annual fee is $250. 

Expected value: Year 1

Expected value: Year 1

Authorized Users

For the regular, Mercedes-Benz, Charles Schwab, and Goldman Sachs, you can add up to 3 authorized users for $175. Even if you add one authorized users, you'll still be charged $175.

Ameriprise Financial waives the authorized user fee in Year 1; $175 for up to three users to be applied in the second year. 

Morgan Stanley gives you one authorized user for free and charges $175 for the next three authorized users.

The Business Platinum charges $200 per authorized user. 

authorized users

authorized users

Membership Rewards Earning Rate

All of the Amex Platinum variations earn 5x on flights booked directly or with Amex Travel and hotels booked on Amex travel.

The Mercedes-Benz card earns 5x on Mercedes-Benz purchases, so if you have the cash on hand, this is the optimal way to earn 5x on a car lease/purchase. 

The Business Platinum earns 1.5x on all large purchases of $5,000 or more. 

membership rewards earning rate

membership rewards earning rate

Super Powers

Each variation of the Amex Platinum has its own unique "super power."

Business Platinum

  • 35% Rebate for selected airline (any fare)
  • 35% Rebate for first/business class (any airline) 

Ameriprise Financial

  • Earn 5,000 MR points for every $20,000 in spend, up to 30,000 additional MR points per year


  • $1,000 Mercedes-Benz certificate for purchase/lease after $5,000 in spend per year
  • $100 Mercedes-Benz certificate for accessories at each renewal
  • Excess miles waived for Mercedes-Benz lease; up to 2,000 excess miles waived at lease-end

Charles Schwab

  • Transfer MR points to Schwab at 1:1.24 rate

Morgan Stanley

  • Free first authorized user
  • Transfer MR to Morgan Stanley at 1:1 rate
  • Spend $100,000 and get $500
View the current Amex Platinum (regular) and Amex Business Platinum offers: