The Platinum Card® from American Express (see rates & fees) comes with a not-so-small annual fee of $695. But it also comes with a litany of valuable benefits that can help you offset the annual fee.

However, many of these benefits are not automatic.

Note: All information about the American Express® Green Card, Amex EveryDay® Preferred Credit Card and The Amex EveryDay® Card has been collected independently by MileValue.

Out of the four most popular transferable currencies in the points and miles industry, Membership Rewards might just be the most powerful.

The Blue Business® Plus Credit

Right now you can get 20% off your purchase of a product (or products) sold and shipped by Amazon, up to a $100 discount, when you apply at least one Membership Reward point to payment.

This is especially pertinent as Amazon Prime Day just kicked off: 36 hours of massive sales for Amazon Prime members. Prime Day started at 12 pm PT today. Don't have a Prime membership but want to take advantage of the sales? Sign up for a free trial.

Today through June 15, 2018, you can transfer your Membership Reward points--the points earned by cards like the Amex Platinum, Business Gold Rewards, and the Blue Business Plus--to Flying Blue and earn a 25% bonus. This means 24,000 Membership Rewards = 30,000 Flying Blue miles, which is enough for a roundtrip between the mainland US and Hawaii in Delta economy, at least if booked before June 1.

Until May 17, 2018, using your Membership Reward earning Amex card to pay for specific online purchases through Amex Express Checkout will you earn 2 bonus Membership Rewards per dollar spent (on top of whatever category bonus your card may also earn for the card, or on top of the at least one point you'd earn for non-bonused spend).

Transfers of American Express Membership Rewards to Virgin Atlantic miles will have a 30% bonus through November 30, 2017.

This is a fantastic deal that sets up a chance to book one way awards to Europe for 8,000 Membership Rewards+ $150.

You must transfer Membership Rewards in 1,000 point increments, so until November 30:

1,000 Membership Rewards = 1,300 Virgin Atlantic miles

Three Reasons Why You Want Virgin Atlantic Miles
1.

We've been seeing a lot of valuable Amex offers for Amazon purchases lately, which I'm all for as we all probably spend on Amazon anyways.

American Express is offering a couple lucrative incentives to spend on Amazon with their Membership Reward earning cards at the moment.

American Express is offering a couple lucrative incentives to spend on their cards at the moment.