Mercedes-Benz Platinum American Express Card Review

A high-priced card befitting a high-priced car.

The Technik Museum Speyer. Mercedes-Benz.
••• Fred De Noyelle /GODONG / Getty Images

If you drive a Mercedes and want luxury travel benefits, the $475 annual fee may be worth it.


Who the Mercedes-Benz Platinum American Express Card Is For


  • Mercedes-Benz customers who want to earn rewards toward a new lease, loan or service as well as luxury travel benefits.

Credit Rating Required

  • Good to excellent (700+)


About the Mercedes-Benz Platinum American Express Card



  • 50,000 bonus points after you spend $1,000 in first three months.
  • No limit on points earned.
  • Multiple redemption options.
  • No foreign exchange fees.
  • Luxury travel perks.
  • No preset spending limit.


  • Very high annual fee.
  • Balance is due and payable in full each month.


  • Five Membership Rewards points per dollar at Mercedes-Benz dealerships.
  • One point per dollar on all other purchases.
  • $1,000 certificate toward the purchase or lease of a new Mercedes after spending $5,000 each year.
  • 2,000 miles waived at lease-end.
  • $100 annual reward certificate for Mercedes-Benz accessories.
  • Access to airport clubs and luxury travel benefits.
  • $200 airline credit.


  • This is a charge card; balance is due in full each month.


  • Annual fee: $475.
  • Foreign transaction fee: None.
  • Late payment fee: Up to $35; if you do not pay for two consecutive billing periods, your fee will be $35 or 2.99% of the past due amount, whichever is greater.
  • Returned payment fee: $29.
  • Over limit fee: None.



Mercedes-Benz Platinum American Express Card Review


This card has better rewards than the other Mercedes Amex card but is aimed at luxury travelers. It also has a luxury annual fee to match: $475.

Besides the fee, it also has one very important difference. This card is a charge card, meaning you must pay the balance in full each month. The rewards are also a lot richer than on the other Mercedes card.

Both cards give you automatic membership in Amex's Membership Rewards program. With this card you earn five points for every dollar you spend at Mercedes dealerships, one point everywhere else.

You can also earn a $1,000 certificate toward the purchase or lease of a new - but not used - Mercedes after you spend $5,000; you can earn another $1,000 each year when you spend $5,000. However, you can't combine them - each one expires after one year. Some models are not eligible.

After your first purchase, you get a $100 certificate good towards Mercedes accessories, and another one each year if your account remains in good standing. If you have a lease, you get up to 2,000 excess miles waived at the end of the lease.

The biggest bonus is 50,000 points when you spend $1,000 in your first three months.

Then there are the travel benefits, such as free access to airport clubs and lounges and a concierge. There's also a $200 annual airline credit, and no foreign exchange fees. The $95 card doesn't have these perks. You can also transfer your points directly into many airline frequent-flier programs.

The points have no expiration date and there is no limit on how many you can earn.




If you drive a Mercedes and you're not really interested in luxury travel benefits but want a co-branded credit card, the Mercedes Amex card may be a better choice. You'll also save yourself almost $400 a year in annual fees.

The American Express Platinum Card offers many of the same benefits as this card but at a slightly lower price: $450.

Two other luxury car makers, BMW and Lexus, offer their own co-branded credit cards, but both of theirs are free. Both offer optional travel rewards that carry annual fees, but the fees are lower than on either Mercedes cards.

If you prefer other brands of automobiles and are interested in earning points toward a future vehicle purchase, check out the GM Flexible Earnings Card or the new Chrysler MasterCard.