American Express offers a range of premium credit cards in India, with the Platinum Travel Credit Card being one of the most rewarding options. It provides excellent milestone benefits, including bonus Membership Rewards points and complimentary airport lounge access. However, the high annual fee of ₹5,000 + GST can make cardholders reconsider renewing.
Is There an Annual Fee Waiver?
The Platinum Travel Credit Card does not have a standard spend-based waiver for the renewal fee. However, American Express may offer certain retention benefits, especially to those with high spending. Cardholders can contact customer support and request a waiver or alternative options.
Options for Renewal Fee Payment
If eligible, cardholders may receive up to three choices for handling the renewal fee:
- Pay the full fee of ₹5,900 (including GST) and receive 10,000 Membership Rewards points.
- Pay half the fee (₹2,950) without receiving any bonus points.
- Redeem 10,000 Membership Rewards points instead of paying the renewal fee.
While spend-based fee waivers were available in the past, they are no longer commonly offered. Among the available options, paying half the fee can be the most beneficial.
Why Consider Renewing the Platinum Travel Card?
The card offers a high reward rate, particularly for those reaching spending milestones. A major highlight is the ₹10,000 Taj voucher earned upon spending ₹4 lakh annually, making it valuable for frequent travelers.
Final Thoughts
If you already have the Platinum Travel Credit Card, renewal can be worthwhile depending on your spending pattern. Since retention offers vary for each cardholder, it’s best to evaluate the options provided and select the one that maximizes your benefits.
For more visit Platinum Travel Credit Card