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Amex Platinum vs Delta Reserve

Amex Platinum edges Delta Reserve on year-1 math ($5,614 more value at 1.8¢/pt).

American Express

Amex Platinum

$895 annual fee

Delta

Delta Reserve

$650 annual fee

Quick verdict

Amex Platinum edges Delta Reserve on year-1 math ($5,614 more value at 1.8¢/pt)

Amex Platinum: $3,764 recurring credits + $3,150 welcome bonus − $895 AF = $6,019 net. Delta Reserve: $1,055 recurring credits + $0 welcome bonus − $650 AF = $405 net. These are year-1 numbers (welcome bonus included) at a 1.8¢/pt rewards valuation. The /tools/annual-fee-breakeven calculator runs the year-2-onward math without the bonus.

Side-by-side specs

Amex PlatinumDelta Reserve
Annual fee$895$650
Welcome bonus175,000 pts after $12,000 in 6mo
Welcome bonus value @ 1.8¢$3,150
Free-night cert
Recurring credits / year$3,764$1,055
Year-1 net @ 1.8¢$6,019$405

Year-1 net assumes the welcome bonus values at 1.8¢/pt. For year-2-onward math, use the Annual Fee Break-even Calculator.

Amex Platinum

14 recurring credits

  • Digital Entertainment$25 · Monthly
  • Uber Cash$15 · Monthly
  • Walmart+ Membership$13 · Monthly
  • Resy Credit$100 · Quarterly
  • Lululemon Credit$75 · Quarterly
  • Hotel Credit (FHR/Hotel Collection)$300 · Semi-annual
  • Priority Pass Select$469 · Annual
  • Equinox Credit$300 · Annual
  • Centurion Lounge access$300 · Annual
  • CLEAR Plus$209 · Annual
  • Oura Ring Credit$200 · Annual
  • Airline Fee Credit$200 · Annual
  • Uber One Membership$120 · Annual
  • Global Entry / TSA PreCheck$120 · Every 4 years

Delta Reserve

3 recurring credits

  • Resy Credit$20 · Monthly
  • Rideshare Credit$10 · Monthly
  • Delta Sky Club access$695 · Annual

Pick Amex Platinum if

the recurring credits stack is richer ($3,764 vs $1,055); the welcome bonus pays more at 1.8¢/pt ($3,150 vs $0).

Pick Delta Reserve if

the AF is meaningfully lower ($650 vs $895).

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