M16S / American Express / Amex Platinum Card (Platinum Charge)
super-premium · rewards, travel
Amex Platinum Card (Platinum Charge)
The Amex Platinum Card (Platinum Charge) costs Rs 66,000 a year. Its base return is 1.25% (1 MR per Rs 40). The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 66,000+ GST
- Fee waived at
- —
- Base return
- 1.25%
- Forex markup
- 3.5%
- Interest
- —
What changed on this card
- American Express India ends Membership Rewards pooling across cards, Nov 2026
From 15 November 2026 Membership Rewards points are kept separately for each Basic Card, and transfers of points from one Card to another are discontinued. Earn rates and redemption options stay the same. Source: American Express, americanexpress.com, read 28 Oct 2026
- American Express India stops issuing new Account Cards, Nov 2026
Effective 15 November 2026 new Account Cards are no longer available. Requests were open until 27 October 2026, and existing Account Cards keep working. Source: American Express, americanexpress.com, read 28 Oct 2026
- Amex India changes Membership Rewards and late fees from 15 Nov 2026
From 15 November 2026, Amex India keeps points separately per card, pauses points when a payment is overdue, ends the MRCC 50% fee waiver and bases late fees on the total due.
- American Express India pauses new supplementary cards from 27 Oct 2026
New supplementary Card applications are paused from 27 October 2026. Applications started earlier are processed until 3 November 2026. Source: American Express, americanexpress.com, read 28 Oct 2026
- American Express Platinum Card ends free Ace by Times Prime, Oct 2026
The complimentary Ace by Times Prime Membership offer is withdrawn from 20 October 2026. Members already enrolled keep it until their current validity ends. Source: American Express, americanexpress.com, read 28 Oct 2026
- American Express India ends Reward Multiplier on 30 Sep 2026
The Reward Multiplier program is discontinued from 30 September 2026. Accelerated Membership Rewards points continue on eligible e-voucher purchases through ShopWise. Source: American Express, americanexpress.com, read 28 Oct 2026
- American Express India launches ShopWise bonus points, Feb 2026
ShopWise, an e-voucher platform, launched on 1 February 2026 and credits Bonus Membership Rewards points on eligible purchases. Bonus points are capped at 25,000 per month. Source: American Express, americanexpress.com, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 66,000 |
|---|---|
| Annual fee | Rs 66,000 |
| Fee notes | Rs 66,000 + GST in year 1 and every year after. Charge card, no published spend waiver (MITC: reductions or waivers only at Amex's discretion). Up to 4 supplementary cards free, Rs 10,000 each after that. |
Rewards
| Welcome benefit | Welcome gift worth up to Rs 60,000 (choice of Taj Hotels, Luxe Gift Card or The Postcard Hotels & Resorts) after paying the annual fee and Rs 50,000 net spend in the first 2 months; delivered in 6-8 weeks. |
|---|---|
| Reward currency | Membership Rewards points |
| Base earn | 1 MR per Rs 40 |
| Base return | 1.25% |
| Point valueunverified | Issuer benefit page: Taj Experiences gift card Rs 10,000 for 20,000 MR = Rs 0.50 per MR. Aggregator estimates: statement credit about Rs 0.25-0.30; airline transfers about Rs 0.50; Marriott about Rs 0.60. |
| Accelerated earnunverified | 3X MR on overseas / foreign-currency spend; 5 MR per Rs 40 on ShopWise e-vouchers (200+ brands); up to 20X at 20+ luxury brands via Rewards Xcelerator (still on issuer page; an aggregator says the wider Reward Multiplier links closed 30 Sep 2026) |
| Caps | ShopWise bonus MR capped at 25,000 per month; Amazon Pay gift cards / Amazon shopping vouchers on ShopWise limited to Rs 20,000 per calendar month per card account. Fuel bonus (per benefit-page T&C) capped at 5,000 bonus points per month. |
| Spends that earn nothingunverified | Insurance, utilities (electricity, water, gas). Fuel: benefit page says 5 MR per Rs 100 on fuel (1 base + 4 bonus per its T&C) while the headline says base rate excludes fuel; treat fuel earn as unverified. No points for a billing cycle in which full payment is not received by the due date (charge MITC). |
| Points expiry | No expiry while the card is active |
| Milestone benefits | Renewal benefit: vouchers up to Rs 35,000 on Rs 20 lakh spend in the membership year plus payment of the renewal fee. |
| Reward notes | base_return_pct = 1 MR per Rs 40 x Rs 0.50 (Taj gift card rate on issuer benefit page) = 1.25%. Overseas 3X = 3.75% before the 3.5% forex markup. ShopWise charges a 1.5% + GST convenience fee on Amazon vouchers. From 15 Nov 2026 (aggregator report) points are held per card and cannot be pooled across Amex cards; earning and redemption stop while an amount is overdue. |
Transfers
| Partnersunverified | Marriott Bonvoy, Hilton Honors, Virgin Atlantic Flying Club, Cathay Pacific Asia Miles, British Airways Executive Club (Avios), Qatar Airways Privilege Club, Singapore Airlines KrisFlyer |
|---|---|
| Ratiounverified | Marriott 1:1; Hilton 1,000 MR : 1,500; Virgin Atlantic 800 MR : 640; Asia Miles, British Airways, Qatar, KrisFlyer 2 MR : 1 mile. Emirates Skywards suspended since 28 May 2025; Etihad Guest dropped 1 Jul 2026 (all from enthusiast pages dated Aug-Sep 2026; Amex's own transfer page is behind login). |
Travel and perks
| Domestic lounge | Complimentary via Global Lounge Collection domestic partner lounges in India; no visit cap stated on the issuer page |
|---|---|
| International lounge | Complimentary via Global Lounge Collection: Centurion Lounges, Priority Pass (international only), Delta Sky Club when flying Delta, Escape Lounges; 1,550+ lounges |
| Lounge conditionsunverified | Guest and supplementary rules are not stated on the product or benefit page. Mumbai Centurion Lounge closed 1 Jul 2026 (aggregator); issuer says Delhi/Mumbai Centurion access for Platinum Reserve ended 1 Sep 2023. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | HPCL: 0% convenience fee below Rs 5,000, 1% at Rs 5,000 and above. BPCL/IOCL 1% (min Rs 10). Other oil companies 2.5% (min Rs 10). |
| Other freebies | Elite tiers: Marriott Bonvoy Gold Elite, Hilton Honors Gold, Radisson Rewards Premium, Taj Epicure, Accor Plus, Postcard Sunshine Club Platinum, Hertz Gold Plus. Fine Hotels & Resorts and The Hotel Collection. 25% off Taj/SeleQtions/Vivanta, 50% off suites at Oberoi. Golf at 30+ Indian and 50+ international courses, unlimited for primary and supplementary. EazyDiner Prime. 24x7 concierge. Air accident cover Rs 5 crore, overseas medical US$50,000 (first 7 days of a trip, age limit 60, US$100 deductible), purchase protection 90 days. |
Charges and eligibility
| Late payment fee | Delinquency fee 5% of unpaid balance, minimum Rs 300, charged each month until paid |
|---|---|
| Cash advance fee | 3.5% min Rs 250 (cash withdrawal temporarily suspended in India) |
| Eligibility | Age 18+. Salaried income Rs 25 lakh+ a year, self-employed Rs 15 lakh+ with 12+ months trading. Resident Indian in a serviced city (Delhi NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad and about 20 others). |
| Fine-print notes | Amex's India site says it is temporarily pausing new card applications while it updates its card-issuing platform, so status is closed-to-new as read on 11 Oct 2026; it is a pause, not a withdrawal. Charge card: full balance due each month, no pre-set limit, no interest. Site notice: hotel/flight bookings and Lifestyle Services unavailable around 9-15 Nov 2026. Aggregator reports: new supplementary card applications paused from 27 Oct 2026. |
Questions
- What is the annual fee of the Amex Platinum Card (Platinum Charge)?
- Rs 66,000 a year, before GST.
- Does the Amex Platinum Card (Platinum Charge) give airport lounge access?
- Yes. In India: Complimentary via Global Lounge Collection domestic partner lounges in India; no visit cap stated on the issuer page. Outside India: Complimentary via Global Lounge Collection: Centurion Lounges, Priority Pass (international only), Delta Sky Club when flying Delta, Escape Lounges; 1,550+ lounges. Conditions: Guest and supplementary rules are not stated on the product or benefit page. Mumbai Centurion Lounge closed 1 Jul 2026 (aggregator); issuer says Delhi/Mumbai Centurion access for Platinum Reserve ended 1 Sep 2023.
- What is the forex markup on the Amex Platinum Card (Platinum Charge)?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Amex Platinum Card (Platinum Charge)?
- Insurance, utilities (electricity, water, gas). Fuel: benefit page says 5 MR per Rs 100 on fuel (1 base + 4 bonus per its T&C) while the headline says base rate excludes fuel; treat fuel earn as unverified. No points for a billing cycle in which full payment is not received by the due date (charge MITC).