American Express® Platinum Reserve℠ Credit Card: rewards, caps and exclusions
Below is every rate, cap and exclusion in American Express's published terms, as we last checked them on 18 July 2026.
What it earns
≈ marks a rate paid in points, valued at ₹0.33 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.
What earns nothing
Spend in these categories earns no rewards on this card, however it is paid for:
- Fuel
- Insurance premiums
- Utility bills
- EMI conversions
- Cash withdrawals and fees
Milestones
In American Express's own words:
- ₹1,000 voucher per ₹50,000 spend in a calendar month (enrollment-based, w.e.f 1 May 2024); brand choice: Tata CLiQ Luxury / BookMyShow / Shoppers Stop / BigBasket / PVR / MakeMyTrip. Promo code by end of next-to-next calendar month; redeem within 90 days. → ₹1,000 voucher
Fees
- Annual fee: ₹10,000, plus 18% GST
- Joining fee: ₹5,000
Where this comes from
Transcribed from American Express's own documents and checked against them on 18 July 2026:
Banks change these terms, sometimes with a month's notice. If a figure here disagrees with American Express's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.
Hold this card?
We know this card's rules, but we don't read American Express's mail yet, so the audit can't check your swipes on it. Which banks we read
Other American Express cards
≈3.33% on Select brands
American Express SmartEarn™ Credit Card≈5% on 10X: Flipkart, Uber, BookMyShow, Ajio, Nykaa, PVR, BlinkIt, Myntra, 10X: Zomato and EaseMyTrip
American Express® Gold Card≈0.67% on Bills
American Express® Platinum Travel Credit Card≈0.4% on everything else