The American Express Platinum Credit Card is one of South Africa’s most prestigious credit cards. The credit card is ideal for anyone looking for travel and lifestyle benefits in one credit card. A membership rewards program subscription provides discounts and rewards.
The American Express Platinum Credit Card comes with a free rewards membership link. Rewards program members receive discounts on travel and entertainment. Travel discounts are the most valuable benefits that credit card holders can obtain.
American Express has partnered with numerous services to ensure that Platinum credit card holders travel affordably and in style. When flying, there are complimentary cabin upgrades, as well as hotel upgrades. Credit card holders can earn discounts on car rentals, airline tickets, and other purchases.
In South Africa, the American Express Platinum Credit Card is unique. The features and fees of the American Express Platinum Credit Card are detailed below.
Individuals earning R62,500.00 or more per month are eligible for the American Express Platinum Credit Card. The monthly service fee for the credit card is R490. Credit card holders are required to make a monthly minimum repayment of 5% of the credit card’s outstanding balance.
American Express Platinum Credit Card offers up to 55 days of interest-free credit. A one-time initiation fee of R180.00 is required when opening the credit card. The credit card also includes free enrollment in the rewards program.
Credit card holders can earn points and receive discounts through the rewards program. These discounts and rewards, as well as the other benefits, are detailed below:
Fee description | Amount |
Monthly credit facility service fee | R32.00 |
Primary card free | R458.00 |
Additional card fee | Free |
Once off initiation fee | R180.00 |
Monthly Loyalty linkage fee | Free |
Once off enrolment fee | Free |
Withdrawal at Nedbank ATM | R2.50 per R100.00 or part thereof |
Cash withdrawal at SASWITCH ATM | R12.00 + R2.50 per R100.00 or part thereof |
Over the counter cash withdrawal fee | R100.00 + R2.50 per R100.00 or part thereof |
Overseas cash withdrawal fee | R60.00 +R2.5 per R100.00 or part thereof |
International currency conversion fee | 2% |
Cash deposit at a branch | R100.00 + R2.50 per R100.00 or part thereof |
Cash deposit at an ATM | R1.50 per R100.00 or part thereof |
Dishonored payment fee | R35.00 |
Late payment fee | Free |
Incorrectly disputed transaction local | R165.00 |
Incorrect disputed transaction foreign | R200.00 |
Tracing | Up to R410.00 |
Balance enquiry at a branch | R22.00 |
Enquiry at a Nedbank ATM | Free |
Enquiry at a SASWITCH ATM | R10.00 |
Lost card replacement fee | Free |
Face to face card delivery | Free |
Same day card replacement | R450.00 |
POS balance enquiry | R2.00 |
Counter statement | R40.00 |
The American Express Platinum Credit Card is one of the best credit cards in South Africa, with some of the best travel benefits available. The Credit Card is one of the best options in the country for frequent travelers. However, due to the high cost of maintaining the credit card, it may be unsuitable for someone who does not travel at all.
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