The Amex Platinum is available to active-duty servicemembers at no annual fee — but even with the fee, the credit card is a great value

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  • If you're an active-duty servicemember, you can get the annual fee waived for all American Express cards. That means you can get the $550 annual fee waived for The Platinum Card® from American Express. 
  • The easiest way to get the fee waived is to call the number on the back of your card and request it. The fee will be waived for every year you remain on active duty.
  • You get a number of shopping and travel benefits, including annual airline fee credits and monthly Uber credits.
  • Even if you have to pay the fee, the card can still be worth having. With the fee waived, though, the card is a no-brainer for US servicemen and women.
  • See Business Insider's list of the best rewards credit cards you can get »

The Platinum Card® from American Express has one of the highest annual fees of any consumer credit card — $550 each year, starting when your first billing statement hits. However, the card is easily worth that annual fee if you travel, because you get more value than that back. For example, I got more than $2,000 of demonstrable value from the card my first year.

However, if you're an active-duty US military member, Amex will actually waive the annual fee for the Platinum card along with all other Amex cards.

We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

How US military can get the Amex Platinum annual fee waived

As reported by US Navy veteran and rewards expert Richard Kerr of The Points Guy, service members must request the benefit by calling the number on the back of the card — it isn't applied automatically. Amex uses an automated program to confirm your service, and refunds the annual fee in the form of a statement credit.

Amex will waive annual fees on its cards for active-duty military members who already have an eligible card, and for those who open an Amex card after beginning active duty. The annual fee is waived for existing cardholders under the Servicemembers Civil Relief Act (SCRA) and for cardholders who apply after beginning active duty under the Military Lending Act (MLA).

This can be particularly useful for military members who find themselves traveling frequently, either as a part of their service or during leave periods — or for traveling spouses and children, who can be added as authorized users. 

Keep in mind that the fee waiver only applies to active-duty servicemen and women, according to Kerr, who runs the Facebook group Award Travel 101. Reservists, he says, won't be able to get the fee waived unless they're actively deployed.

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