The Platinum Card® from American Express offers a straightforward rewards structure — if you’re a traveler willing and able to spend the money needed to earn the points.
If you're thinking of applying for The Platinum Card® from American Express but aren't sure if you can hit the card's minimum spend to qualify for the welcome bonus, here are some tips. (That welcome bonus is as follows: Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership. Terms Apply.)
Prepay fixed expenses
One way to hit the minimum spend on this card, or any card, is to prepay some fixed expenses. Look over your budget and find purchases and costs that don't fluctuate much from month to month. Think health insurance, phone and electricity bills. You can use The Platinum Card® from American Express on these expenses to move toward that minimum spend threshold. Just make sure the math works in your favor: You must be able to pay the full balance of the card each month, or else you'll get hit with big interest charges that can quickly wipe out the value of the bonus.
Pay your rent or mortgage
According to RentCafe, the average monthly rent for a one-bedroom apartment in Atlanta is $1,379; it's $2,139 in Washington, D.C. Meanwhile, according to the American Housing Survey from the U.S. Census Bureau, the median monthly mortgage payment for U.S. homeowners is $1,030. One way to hit your minimum spend on The Platinum Card® from American Express is to use the card to pay your rent or mortgage, if you can. Again, you'll likely have to pay a fee, so just be sure it's worth it for you.
Fix things up
If you have been meaning to get around to replacing that leaky roof, or if an unexpected home repair suddenly comes up, consider putting that big expense on The Platinum Card® from American Express. Earning a big bonus can take some of the pain away from the expense of big home improvement projects.
Give gift cards
Buying gift cards for your friends and family's favorite stores (and even for yourself!) can be a good way to meet your minimum spend fast, provided you'd be spending the money anyway. Worried about carrying a gift card with a large balance? Buy a handful of smaller amount gift cards instead, or take advantage of the retailer's app and use your phone to make purchases.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2021, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card
Planning a trip? Check out these articles for more inspiration and advice: Luxury isn’t cheap with the AmEx Platinum credit card NerdWallet’s top travel credit cards American Express Membership Rewards: How to earn and use them