The Platinum Card® from American Express is an elite charge card for high-spending frequent travelers with credit scores of 700+. It comes with a very large annual fee of $550, but may be worth the cost if you can take advantage of the card’s initial bonus (60,000 points), up to $400 in statement credits ($200 in Uber and $200 in airline-fee credits that cardholders get each year), and various other perks.

Dr. Albert Barreda, associate professor in the department of hospitality leadership at Missouri State University, sheds more light about this credit card on WalletHub.