The Amex Platinum earns 1 Membership Rewards point per £1. Whether it's worth the fee comes down to one question: do the perks and points you'll actually use add up to more than £650 a year? Here's what's on the table — and a free tool to work out your number.
£200 UK dining credit. Spend at ~170 partner UK restaurants and get up to £100 back each half-year. Resets 1 Jan and 1 Jul — unused halves are lost.
£200 international dining credit. Up to £100 back each half-year at ~1,800 restaurants abroad. Same half-year chunks as the UK credit — unused halves are lost.
Unlimited airport lounge access. 2 Priority Pass cards (you + supplementary holder), each admitting one guest — a family of 4 gets in free at 1,550+ lounges. Plus 8 UK lounge pre-booking credits per calendar year, Centurion, Eurostar and Delta lounges. Each visit counted at £24, the price of a paid pass.
Family travel insurance (incl. medical). Full family travel insurance including medical cover (opt in at application, age limit 70; one extra household insurable via a free supplementary card). Counted at £180 — the cost of a comparable annual family multi-trip policy — but only if you'd buy one anyway.
Car hire excess insurance. Full car hire insurance with no card-payment requirement. Counted at £70 — the cost of a standalone annual excess policy — but only if you rent cars.
Fine Hotels & Resorts $100 credits. FHR bookings get breakfast, a $100 property credit and guaranteed 4pm checkout. Counted at £75 per stay you actually log.
The Times digital subscription. Free digital subscription to The Times/Sunday Times. Suggested value £26/yr (promo pricing — an assumption, verify before relying on it); counted only if you say you read it.
Does it pay for itself?
You need more than £650 of value a year to come out ahead. Unused perks are worth £0, so the honest answer depends on how you'd really use it: lounges you'd actually visit, credits you'd actually spend, insurance you'd otherwise buy, and vouchers you'd actually redeem. The free CCWorth adds it all up from your own answers and shows your real position — plus exactly what it'd take to break even.