AmEx Platinum Card: Earn 160,000 Bonus Reward Points with $2,500 Spend in 3 Months ($850 Annual Fee) @ American Express

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AmEx Platinum Card: Earn 160,000 Bonus Reward Points with $2,500 Spend in 3 Months ($850 Annual Fee) @ American Express
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LRustyMustard on 01/07/2026 - 20:22 americanexpress.com (1173 clicks)
Last edited 09/07/2026 - 19:32 by 1 other user

The American Express Platinum Card has been relaunched in New Zealand (as a credit card not charge card as it was previously) with 160,000 points as a sign up bonus when you:

  • Apply before 30 Nov 2026
  • Have not held an American Express card within the last 18 months
  • Spend at least $2,500 on the card within the first 3 months

Key Facts and Member Benefits:

  • Earn 2 Membership Points per $1 spend
  • $300 annual dining credit
  • Access to Airport Lounges including Priority Pass
  • Complementary Travel Insurance
  • All Accor+ Explorer Membership - valued at $379
  • $850 Annual Card Fee

American Express Referrals

Airpoints: random (2)

Referrer receives $20 Airpoints dollars, referee receives $50 when they spend $750 on eligible purchases in the first 3 months.

Airpoints Platinum: random (4)

Referrer gets 40 Airpoints Dollars.

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Comments

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  • kiwijunglist on 01/07/2026 - 20:41

    $850 annual card fee feels a bit steep.

    • 10
    • Mrmango on 02/07/2026 - 11:18

      Not really its a third cheaper than it used to be.

      Main drawback is several of the perks and benes are watered down.

      • 1
  • Jaxson on 01/07/2026 - 21:02

    $850 Annual Card Fee?!

    • 7
    • jrunv on 02/07/2026 - 10:52

      the points bonus is worth about 1000 air points already not taking into account the other benefits, its definitely made for people who travel for work regularly

      • 2
  • pacman04 on 01/07/2026 - 22:08

    Previously, the annual fee was 1250…so it's discounted.

    • 1
  • bmt on 01/07/2026 - 22:15

    For a point of reference I had the charge card for one year. I spreadsheeted the value I gained from it and it was ballpark $4000. So the $1250 fee was worth it.

    • 3
    • thesnek on 02/07/2026 - 09:27

      How much did you spend to achieve this?

      • 3
      • bmt on 05/07/2026 - 09:14

        Ok found my notes..

        At the time had $140k household income and after about 11 months had earned about 100k points, so assume about a $50k spend on the card. Final calculation was:

        $4,774 of value, minus the $1,250 annual fee already paid, for a gain of $3,524.

        This included $300 dining credit, $200 travel credit, calculated value of visiting Centurion lounges as $55 per person per visit, same with Virgin lounges, tallied up value of free breakfasts at hotels from booking using Amex's hotel booking portal (always compared to price of booking not using this), value of room upgrades from same portal, value of travel insurance, and then converting remaining points to vouchers before cancelling the card.

        We were living in Wellington and spent 7 nights in Melbourne/Sydney and 3 nights in Auckland so the travel bonuses were a large component of having the card.

        • 2
  • Slogan on 01/07/2026 - 22:17

    Info about what those points are actually worth:
    https://www.moneyhub.co.nz/american-express-membership-rewar…

    • 1
  • taneb1 on 01/07/2026 - 22:26

    Use to be $1250 or $1500 before it was originally grandfathered - $850 puts it on par with Revolut Ultra yearly fee - If you take advantage of the Accor+ BOGO nights + Dining Credits - It's not too bad - Especially if you can book the Fine Hotels + get the room service checkouts - Really is designed for people who travel regularly.

    • 2
    • nzmax on 02/07/2026 - 00:36

      Which is about what the points are worth. Not sure it is much of a deal considering the work needed to fill in forms and provide salary details etc as applying for a new CC can be difficult these days.

      • -1
  • inmeltingpot on 01/07/2026 - 23:07

    How much are their 160,000 points worth? Can they be transferred to Airpoints?

    • 0
  • FriedChicken on 02/07/2026 - 06:57

    Looks like the bonus points just cover the annual fee for a year

    • 2
  • Asset on 02/07/2026 - 07:32

    AMEX won't give me one of their cards no idea why. I have a decent income and credit history. I also have an existing credit card. Anyone know why? The only thing i can think of is that i would be able to pay it off every month so they would only make money on the transactions.

    • 0
    • Saturdaysr4thedealz on 02/07/2026 - 08:37

      i ve had same experience too

      • 0
      • kdm21 on 02/07/2026 - 10:51

        Do you have any other Card with Amex?

        • 0
        • Saturdaysr4thedealz on 02/07/2026 - 11:00

          I dont, i was declined separate times 6months-12 months apart, For both plat and the free airpoints one. But approved for other credit cards. I did not have any other credit cards or overdrafts when applying for Amex. I have mortgage but it still gave me more than enough UMI.

          • 0
          • Withsy on 02/07/2026 - 19:27

            @Saturdaysr4thedealz: My theory is that for Amex, being the American company it is, other credit cards are actually helpful when it comes to applying (as in, they see other existing credit cards as a positive similar to how I hear it's like in America, as opposed to NZ banks which view them as liabilities due to the aforementioned UMI being lowered)

            I applied for the Airpoints Platinum card 3 times, first two times I didn't have any credit card, third time I had a $500 limit Visa flex from ASB
            According to my Clearscore report, Amex didn't even do a hard credit pull for me when I got my card, while ASB did, which kinda suggests Amex does something different when deciding whether you're eligible vs other banks

            • 0
          • Asset on 02/07/2026 - 21:39

            @Saturdaysr4thedealz: This happened to me too but i have an existing kiwibank credit card with a 2.5k limit

            • 0
    • jrunv on 02/07/2026 - 10:50

      Purely based on incoming and outgoings, but from my experience AMEX was one of the easier ones to get I got my first one on a 65k salary and they offered me a limit of up to 50k but my expenses were pretty low back then

      • 0
      • Balmoral Rd on 02/07/2026 - 18:40

        That's wild, best they would offer me 2k credit limit most recent application on a lot higher salary.

        • 0
    • nevergofullretail on 02/07/2026 - 15:42

      its a complete circus, broken website, speak to multiple people and they all say different things.
      I went back and forth uploading files, emailing files, then got a letter saying i was declined, then got an email saying i was accepted.
      Its a real muppet show

      • 0
      • Asset on 02/07/2026 - 21:40

        I just keep getting declined uploaded so many documents- i don't actually know what they want from me now. There has nothing else i can give them.

        • 0
  • LunarSkye on 02/07/2026 - 07:50

    Existing plat plus cardholders pay $400 extra to receive a $200 travel credit?

    • 0
    • dhirb on 02/07/2026 - 09:41

      Hilton and Marriott Gold as well.

      • 0
    • Rash on 02/07/2026 - 09:41

      As well as being a charge card and having status for hilton and marriott etc and a couple more lounge benefits, though you might get away with using this card as well for something like virgin australia lounge

      • 0
  • Jaxson on 02/07/2026 - 08:38

    I feel like this card needs accompanying blog post to help explain how the benefit outweigh the annual card cost 🤣

    • 2
  • danvelopment on 02/07/2026 - 09:16

    Hmm, I was looking at this a while back for the lounge access. Maybe I'll consider it, lots of maths to be done.

    • 0
    • jrunv on 02/07/2026 - 10:46

      if you just want lounge access the platinum airpoints card gives you two entires a year to priority pass lounges and 2 a year to centurion lounges in australia and is only 200 a year in fees.

      • 0
      • danvelopment on 02/07/2026 - 11:03

        I looked at that already but no guest access for Priority Pass, only the main cardholder, I have a wife and kid whom I travel with.

        • 0
        • jrunv on 02/07/2026 - 11:13

          sounds like a win win situation to me? free lounge access and quite time! 🤣

          • 4
          • danvelopment on 02/07/2026 - 11:17

            @jrunv: It's more a short lived win sort of situation. Decided I'll apply for the company, it can spend enough to really take advantage of the benefits, and probably get the annual fee back alone, and I can use it for the lounge with a guest.

            • 0
          • jjjj on 02/07/2026 - 19:58

            @jrunv: Exactly! Leave the wife and kids at the gate and enjoy the final moments of peace and quiet. Though this is a cheapies site I must warn divorce is more expensive than a lounge pass.

            • 1
    • Mrmango on 02/07/2026 - 11:15

      If you only want the unlimited lounge access the westpac hotpoints world mastercard is the raw cheapest way at $285 per year and allows you to bring a guest.

      • 3
      • danvelopment on 02/07/2026 - 11:16

        That's interesting, I'll check it out.

        • 0
  • Freeview0 on 02/07/2026 - 09:36

    Its worth it if you travel alot

    • 0
  • MrCheapie on 02/07/2026 - 09:39

    Worth it if you travel and spend a lot. I think I’ll stick with my professionals Amex platinum edge card.

    • 0
    • pacman04 on 02/07/2026 - 10:48

      Wish the edge returned, I need it

      • 0
    • Mrmango on 02/07/2026 - 13:52

      Just looked up plat edge and god damn thats an OP card

      • 1
      • MrCheapie on 02/07/2026 - 15:20

        100% and yearly fee is only $99 with one free domestic flight each year which outweighs the cost of the annual card fee. Also complimentary travel insurance and a few other benefits.
        I use it to pay for all grocery shops (3 points per $1 spent) power, broadband, fuel (2 points per $1 spent) subscriptions where I can. Then pay off straight away and accumulate points for gift cards.

        • 0
        • monkey on 03/07/2026 - 15:55

          $99?
          $149 here. 😞

          eta
          'professionals' Platinum edge?

          • 0
          • MrCheapie on 04/07/2026 - 16:47

            @monkey: Yeah, professionals platinum edge. I did sign up through my workplace perks about 4 years ago so it could have been a special offer where I get a reduced annual fee.

            • 0
  • jasonw on 02/07/2026 - 21:22

    Pretty pissed existing customers are excluded. I am on Amex Platinum airpoints. Would love to have this upgrade.

    • 1
    • Mrmango on 03/07/2026 - 12:11

      Thats a completely different card / card catagory.

      You can still apply for this newly released platinum

      • 1
    • bmt on 03/07/2026 - 16:54

      Why?

      These promos are standard fare to get new customers. They have had an 18 month stand down for years before being eligible for the sign up bonus.

      • 1
  • moxpearl on 03/07/2026 - 17:00

    I had this, only good for the sign up bonus. Completely pointless if you already have Accor+ and Koru.

    For context the rewards points are pretty bad compared to the others.
    10,000 points ($5000) = $50 of Rewards (Roughly)

    Airpoints Platinum imho the far better card, those airpoints go up faaaasssst.

    • -1
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