

If you spend $10,000 on each of the following categories, you’d end up covering most of the annual fee in rewards points alone. Between that and the rewards, you can save a significant amount of money with this card. You wouldn’t even need to take advantage of all the statement credits you’re eligible for to more than make up for the annual fee. For instance, points are worth one cent when you book flights and 0.7 cents when you redeem for prepaid hotels and rental cars.

Redeem points for different amounts based on what you’re getting.Get Gold Elite Status at Marriott Bonvoy and Hilton Honors Gold Status by becoming a cardholder.Trip cancellation and interruption insurance will reimburse you the cost of non-refundable expenses.Purchase protection up to $10,000 each instance and up to $50,000 each calendar year.Pay with the points you’ve earned for upcoming travel or transfer points at one of a dozen airline and hotel partners.$50 semiannual statement credit when you shop at Saks Fifth Avenue.Digital entertainment credit from eligible purchases, up to $240 a year.$155 in statement credit when you get a Walmart+ membership.$200 to use in Uber cash for rides with Uber or Uber Eats.$300 statement credit for an Equinox subscription or membership.Access to 1,400 airport lounges in 650 different cities throughout the world.$200 hotel credit each year when you use American Express Travel.Earn 5x points on hotels and flights booked through American Express Travel.If you don’t have good or excellent credit, you might not qualify for this card. You can also earn a welcome bonus of 80,000 points if you spend $6,000 in the first six months. You can earn 5x points on up to $500,000 worth of flights each year. The $695 annual fee is only to cover the cost of the card. You’re eligible for an annual $200 hotel statement credit, access to more than 1,400 airport lounges in 140 countries, a $100 airline fee statement credit, TSA PreCheck or Global Entry application credit, and so much more. Look at the statement credits, rewards, and determine whether you’ll make money after you front the annual fee. If you spend a lot each year on flights or hotels, this is a great card for you. Late payment and returned payment up to $40 each.Foreign transaction fee: foreign_transaction_fee ( Rates & Fees).If you’re planning on spending $20,000 to $30,000 or more on travel costs such as flights and hotels, this card could end up being a great deal. It is worth it if you’re going to use enough rewards and get enough points to make up for the annual_fees annual fee. If you spend enough to make the perks outweigh the annual fee, this card might be worth it. But these major benefits come with an exceptionally high annual_fees annual fee ( Rates & Fees). American Express is known to have some of the best perks with its credit cards, and the card_name is no exception.
