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If you're both a frequent traveler and the owner of an American Express Platinum Card, you could be in line to save some traveling money. That's because American Express recently added new travel benefits for Platinum Card holders.
And the dollar savings from these benefits can add up quickly.
These improvements to the Platinum Card's benefits suite shouldn't be too surprising. Credit card companies are competing harder than ever for your business. Even the biggest of the big names, such as American Express, are boosting the perks.
For consumers, this is good news. Just look at the extra travel benefits that now come with the Platinum Card.
$200 Airline Fee Credit
Each year, American Express will now cover up to $200 worth of incidental airline fees that you put on your Platinum Card. If you travel often, you know all about these fees, and about how annoying they can be. The Platinum Card covers everything from baggage fees to flight-change fees to airport lounge passes and meals that you order on the plane.
20 Percent Travel Bonus
If you use your card's Membership Rewards Pay with Points program to pay for part or all of your travel expenses, you'll receive 20 percent of these points credited back to your account.
The American Express Web site explains it like this: If you spend 30,000 points to pay for an airline ticket, American Express will credit 6,000 points to your Membership Rewards account. This might prove to be a more valuable savings than the $200 Airline Fee Credit.
American Express TravelApp
If you're the kind of person who believes that the key to a successful vacation is organization, American Express' free TravelApp should be right up your alley.
This free mobile app acts like a traveler's toolkit. It provides you with flight alerts, an airport lounge locator, airport guides and other features designed to make your travel as stress-free as possible.
In today's economy, it's always nice to get a financial reward instead of seeing new fees added to your account. For this reason, we at CreditShout applaud American Express for adding these new travel features and benefits. And if you happen to be a Platinum Card member, we suggest that you take advantage of them. In a down economy, saving money is more important than ever.