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Features of the The Platinum Card® for Goldman Sachs

  • Unparalleled Travel Privileges: One of the card’s hallmark features is its extensive travel benefits, designed to elevate every journey. Cardholders gain access to the American Express Global Lounge Collection, which includes over 1,400 airport lounges worldwide, such as Priority Pass Select, Centurion Lounges, and Delta Sky Clubs (when flying Delta). This ensures a tranquil and luxurious airport experience, with amenities like complimentary Wi-Fi, gourmet dining, and private workspaces. Additionally, a $200 annual airline fee credit covers incidental charges, such as baggage fees or in-flight purchases, with a pre-selected airline. The card also offers a $200 credit for prepaid hotel bookings through The Hotel Collection or Fine Hotels + Resorts, unlocking perks like room upgrades, early check-in, and late checkout when available, enhancing the luxury travel experience for frequent flyers.
  • Welcome Bonus Offer: The Platinum Card® from American Express for Goldman Sachs is a premier charge card crafted for high-net-worth individuals who value luxury, convenience, and exclusivity. Exclusively available to Goldman Sachs Private Wealth Management clients, this card blends American Express’s renowned premium offerings with tailored financial services, creating a unique product for affluent cardholders. Below, we explore the standout features that make this card a cornerstone of elite financial and lifestyle management.
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    • Robust Membership Rewards Program: The card’s Membership Rewards program is a cornerstone feature, offering a flexible and lucrative points system. Cardholders earn 5X points on flights booked directly with airlines or through American Express Travel (up to $500,000 per calendar year) and 5X points on prepaid hotels booked via AmexTravel.com. For high spenders, a unique feature exclusive to Goldman Sachs clients is the opportunity to earn 40,000 bonus points annually upon spending $100,000, incentivizing significant transactions. Points can be redeemed for travel, gift cards, statement credits, or transferred to over 20 airline and hotel partners, providing unparalleled flexibility for luxury travel or lifestyle purchases.
    • Global Dining Access by Resy: Culinary enthusiasts benefit from Global Dining Access by Resy, which provides priority reservations at some of the world’s most sought-after restaurants. Cardholders can secure exclusive tables, access VIP dining experiences, and enjoy curated events at select establishments, catering to those who prioritize gastronomic excellence. This feature is particularly valuable in competitive dining scenes, ensuring cardholders can dine at top venues with ease.
    • Comprehensive Travel Protections: Travel with confidence thanks to the card’s robust insurance offerings. Trip cancellation and interruption coverage provides up to $10,000 per trip for non-refunded expenses due to unforeseen events. Trip delay insurance offers up to $500 per covered trip for delays exceeding six hours, covering essentials like meals or lodging. Baggage insurance protects against lost or damaged luggage, with coverage up to $3,000 for carry-on bags. Additionally, car rental loss and damage insurance safeguards against vehicle damage during rentals, eliminating the need for separate rental insurance.
    • Elite Status with Travel Partners: The card automatically grants elite status with leading travel partners, enhancing the travel experience. Cardholders receive Hilton Honors Gold Status, which includes benefits like room upgrades, 80% bonus points on stays, and late checkout. Marriott Bonvoy Gold Elite Status offers similar perks, such as enhanced room availability and 25% bonus points. Complimentary enrollment in Avis Preferred, Hertz Gold Plus Rewards, and National Car Rental Emerald Club Executive provides priority service, vehicle upgrades, and discounts, streamlining car rental processes for busy travelers.
    • Uber Cash Credits: Urban professionals and frequent travelers benefit from a $200 annual Uber credit, distributed as $15 monthly credits with a $35 bonus in December. These credits can be used for Uber rides or Uber Eats orders in the U.S., requiring enrollment to activate. This feature adds convenience for cardholders navigating cities or ordering meals on the go.
    • Digital Entertainment Credits: The card caters to modern lifestyles with up to $240 in annual digital entertainment credits ($20 monthly) for subscriptions like Disney+, Hulu, ESPN+, or The New York Times. This feature supports cardholders’ entertainment needs, whether streaming content at home or staying informed with premium news subscriptions, with enrollment required to access.
    • Luxury Shopping Credits: Cardholders receive up to $100 in annual credits for purchases at Saks Fifth Avenue, split into two $50 credits for the first and second halves of the year (enrollment required). This complements the card’s focus on luxury, enabling cardholders to indulge in high-end fashion and accessories without additional out-of-pocket costs.
    • Cell Phone Protection: A practical feature for tech-savvy users, the card offers cell phone protection of up to $800 per claim (maximum two claims per year) for damage or theft when the monthly phone bill is paid with the card. A $50 deductible applies per claim, making this a valuable safeguard for professionals reliant on their devices.
    • Platinum Concierge Service: The Platinum Concierge service provides 24/7 personalized assistance, handling tasks like securing event tickets, arranging private travel, or sourcing unique gifts. This feature acts as a virtual assistant, saving time and enhancing convenience for cardholders with demanding schedules.
    • Goldman Sachs Financial Integration: Exclusive to Goldman Sachs clients, the card integrates with wealth management services, offering access to a dedicated financial concierge. This service aligns card benefits with investment strategies, providing insights into portfolio performance and tailored financial planning, a feature that sets this card apart from standard Platinum offerings.
    • Exclusive Event Access: Cardholders gain access to American Express Experiences, including pre-sale tickets to concerts, sporting events, and Broadway shows. Invitation-only events, such as private art gallery tours or celebrity chef dinners, add a layer of exclusivity, appealing to those seeking unique cultural experiences.
    • Premium Customer Support: The card includes dedicated customer service for Platinum cardholders, ensuring swift resolution of issues like billing disputes or travel disruptions. This priority support minimizes inconvenience and enhances the overall cardholder experience.
    • No Foreign Transaction Fees: For global travelers, the card eliminates foreign transaction fees, making it ideal for international purchases and travel without incurring additional costs. This feature ensures seamless spending across borders, aligning with the cardholder’s jet-setting lifestyle.
    • Metal Card Design: The card’s sleek, metal construction reflects its premium status, offering durability and a sophisticated aesthetic. This tangible feature underscores the card’s exclusivity and appeals to those who value prestige in every detail.
Premier Card Benefits

Benefits of the Marriott Bonvoy Brilliant® American Express® Card

  • Seamless Travel Convenience:
    • CLEAR Membership Credit: A $189 annual credit for CLEAR membership provides expedited airport security screening at over 50 U.S. airports, saving time for frequent travelers.
    • Fine Hotels + Resorts Program: Access exclusive benefits at over 1,000 luxury properties worldwide, including daily breakfast for two, guaranteed 4 p.m. late checkout, and complimentary Wi-Fi, ensuring stress-free and luxurious stays.
  • Maximized Rewards Value:
    • Membership Rewards Program:Earn high-value points with flexible redemption options. A bonus of 40,000 points is awarded after spending $100,000 annually, which can be used for first-class flights or luxury hotel stays by transferring points 1:1 to over 20 airline and hotel partners like Singapore Airlines or Marriott Bonvoy.
    • Access to Exclusive Events: Cardholders gain entry to invitation-only events, such as private art exhibitions, fashion week experiences, or culinary events hosted by renowned chefs.
    • Time-Saving Concierge Support: The Platinum Concierge service is a game-changer, offering 24/7 support for tasks like booking exclusive restaurant reservations, arranging private jet travel, or sourcing rare collectibles.
    • Robust Purchase Protections: Shopping with the card is secure thanks to purchase protection, which covers up to $10,000 per occurrence for damaged or stolen eligible purchases within 90 days.
    • Wellness and Fitness Support: The card supports cardholders’ health goals with up to $300 in annual Equinox gym membership credits, applicable to boutique fitness classes, personal training, or digital subscriptions like Equinox+.
    • Financial Synergy with Goldman Sachs: Cardholders receive tailored financial advice and investment insights through a dedicated Goldman Sachs concierge, ensuring spending and rewards align with long-term financial goals.
    • Priority Customer Service: Platinum cardholders receive priority access to American Express representatives, minimizing wait times and ensuring personalized support, a critical benefit for those with demanding schedules.
    • Eco-Conscious Travel Options: The card supports sustainable travel through partnerships with eco-friendly hotels and carbon offset programs available via American Express Travel.
    • Family and Authorized User Perks: Authorized users can access select benefits, such as lounge access, elite status with travel partners, and concierge services. This extends the card’s value to family members.
    • Enhanced Digital Lifestyle: The $240 annual digital entertainment credits enhance cardholders’ digital lives, covering subscriptions to streaming services or premium news outlets.
    • Global Financial Flexibility: The absence of foreign transaction fees ensures seamless international spending, a significant advantage for cardholders who travel or shop globally. .
    • Personalized Travel Planning: The card’s travel planning services, accessible through the concierge or American Express Travel, create bespoke itineraries tailored to cardholders’ preferences.
    • Business Travel Efficiency: For business travelers, the card streamlines corporate travel with benefits like priority boarding and expense tracking tools integrated with Goldman Sachs’ financial platforms, enhancing productivity on go.
    • Luxury Retail Access: Beyond Saks Fifth Avenue credits, the card offers access to exclusive shopping events, such as private sales or designer collaborations, through American Express partnerships.
    • Emergency Assistance Services: The card includes premium roadside assistance and global assist hotline services, providing emergency support like medical referrals when traveling over 100 miles from home.
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How to Apply for The Platinum Card® for Goldman Sachs

  • Step 1: Become a Goldman Sachs Private Wealth Management (PWM) Client
    • Establish a relationship with Goldman Sachs PWM, typically requiring a minimum of $10 million in investable assets (cash, securities, bonds) managed by the firm.
    • Schedule an initial consultation with a PWM advisor to review your financial portfolio and verify eligibility.
    • This step may take several weeks depending on your financial documentation and suitability assessment.
  • Step 2: Secure an Invitation from Goldman Sachs
    • The Platinum Card is invitation-only and cannot be applied for without a formal invitation.
    • Invitations are extended to clients with significant assets under management (typically $10M+) and aligned lifestyle needs.
    • If interested, proactively discuss your eligibility and desire for the card with your PWM advisor.
  • Step 3: Complete the Pre-Qualification Assessment
    • After invitation, Goldman Sachs and Amex perform a preliminary financial and credit review.
    • Credit score expectation is 740 or higher, with verification of income and asset liquidity.
    • Your advisor may request initial financial documents to streamline this assessment.
  • Step 4: Submit the Formal Application
    • You will receive a secure online application link or advisor-guided form.
    • Provide detailed personal and financial information, including SSN, annual income, employment, and address.
    • The Platinum Card is a charge card requiring full monthly balance payment, emphasizing your spending capacity.
  • Step 5: Provide Supporting Documentation
    • Submit government-issued ID, proof of residency, PWM account statements, and possibly tax returns or income verification.
    • Your advisor assists with secure document submission and compliance with AML and KYC regulations.
  • Step 6: Undergo Credit and Financial Evaluation
    • Amex conducts a hard credit inquiry to review payment history, utilization, and debt levels.
    • Goldman Sachs verifies your PWM assets and liquidity against the $10 million threshold.
    • This dual review typically takes 7–14 business days.
  • Step 7: Receive Approval Notification or Additional Requests
    • Approval notification will come via email or through your advisor, with instructions for next steps.
    • Additional information may be requested to clarify details or complete the review.
    • In rare cases, denial may occur; your advisor will provide feedback and possible remedies.
  • Step 8: Activate the Card and Enroll in Benefits
    • Card delivery usually occurs within 5–10 business days.
    • Activate online or via phone, and enroll in benefits such as airline fee credits, Uber credits, and lounge access.
    • Your advisor may provide concierge services to optimize card benefits aligned with your wealth strategy.
  • Step 9: Maintain Ongoing Engagement with Goldman Sachs
    • Maintain an active PWM account with at least $10 million in investable assets.
    • Regular portfolio reviews and consultations are expected to retain card privileges.
    • Failure to maintain the relationship may result in card cancellation.
  • Step 10: Optimize Your Application Strategy
    • Maintain excellent credit (no recent delinquencies, low credit utilization below 10%).
    • Work closely with your advisor to present a strong financial profile and highlight lifestyle fit.
    • Submit all documentation promptly and maintain clear communication throughout the process.
    • Leverage positive history with other Amex cards to strengthen your application.

Eligibility Criteria for The Platinum Card® from American Express for Goldman Sachs

  • Active Goldman Sachs Client Status:
    • Primary Requirement: Must be an active client of Goldman Sachs Private Wealth Management.
    • Assets Under Management: Typically, a minimum of $10 million in investable assets is required, verified by a financial advisor.
    • Account Verification: Applicants must have an established account with Goldman Sachs.
  • Invitation-Only Application Process:
    • Exclusive Access: The card is not publicly available and can only be obtained by invitation.
    • Invitation Criteria: Based on client wealth, engagement level, and lifestyle suitability for the card’s benefits.
    • Advisor Recommendation: Goldman Sachs advisors extend invitations to eligible clients.
  • Excellent Credit Score:
    • Minimum FICO Score: Generally 740 or higher is expected.
    • Credit Report Cleanliness: No recent delinquencies, bankruptcies, or derogatory marks.
    • Responsible Credit History: Demonstrates ability to manage the charge card’s full monthly payment model.
  • High Annual Income:
    • Expected Income Range: High six-figure to seven-figure annual income is typical.
    • Annual Fee Capacity: Ability to cover the $695 annual fee comfortably.
    • Spending Capability: Supports high transaction volumes aligned with luxury lifestyle.
  • U.S. Residency:
    • Location Requirement: Applicants must be U.S. residents.
    • Documentation: Valid U.S. address and Social Security number required.
  • Existing American Express Relationship:
    • Cardholder History: Prior experience with American Express cards is favorable.
    • Familiarity with Charge Cards: Preferred if applicant has used other charge card models.
  • Significant Financial Activity:
    • Transaction Volume: High-value transactions, international travel, and investment activity are favorable.
    • Lifestyle Match: Card benefits align with affluent individuals’ financial and travel habits.
  • Age and Legal Capacity:
    • Minimum Age: Applicants must be at least 18 years old.
    • Legal Status: Must be legally capable of entering into a credit agreement.
  • Stable Employment or Income Source:
    • Income Documentation: Source of income must be stable—either employment, investments, or business ownership.
    • Financial Capacity: Must be sufficient to meet card obligations without strain.
  • Clean Financial Background:
    • No Major Derogatories: Free of tax liens, judgments, or major defaults.
    • Background Check: Conducted by American Express to align with risk standards.
  • Alignment with Card Benefits:
    • Lifestyle Fit: Demonstrated benefit from luxury travel, concierge services, and premium spending tools.
    • Advisor Assessment: Goldman Sachs evaluates lifestyle alignment before recommending the card.
  • Verification of Assets:
    • Proof of Wealth: Includes financial statements, account summaries, or advisor confirmations.
    • Minimum Investable Assets: Typically verified to exceed $10 million threshold.
  • Compliance with Regulatory Requirements:
    • Anti-Money Laundering (AML) Checks: Applicants must pass AML screening to ensure lawful source of funds.
    • Know Your Customer (KYC): Full KYC documentation must be submitted and verified according to U.S. financial regulations.
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Documents Required for The Platinum Card® from American Express for Goldman Sachs

  • Government-Issued Photo Identification:
    • U.S. Passport: Must be valid with clear photo and unexpired date.
    • Driver’s License: State-issued and current with legible details.
    • State ID Card: Acceptable alternative to a driver's license.
  • Proof of U.S. Residency:
    • Utility Bill: Dated within 60 days and showing your name and address.
    • Lease Agreement or Mortgage Statement: Clearly listing your name and current U.S. address.
  • Social Security Number Verification:
    • Social Security Card: Optional but may be requested.
    • W-2 Form or Tax Return: As alternate proof if SSN card is unavailable.
  • Goldman Sachs PWM Financial Statements:
    • Latest 3-month account statements from Goldman Sachs PWM, showing $10 million+ investable assets.
    • Digital copies preferred; can be submitted via your advisor.
  • Income Verification Documents:
    • Employed Individuals:
      • Recent pay stubs (last 2 months).
      • W-2 or 1099 Forms (past 2 years).
    • Self-Employed/Investment Income:
      • CPA-certified profit and loss statements.
      • Dividend or interest income reports.
  • Federal Income Tax Returns:
    • Past 2 years’ tax returns, including all schedules and signatures.
    • Must reflect accurate, full income picture.
  • Credit Report Authorization:
    • Signed consent form to access credit report from major bureaus.
    • Minimum FICO score of 740 preferred.
  • Bank Statements:
    • Last 3 months’ statements showing liquidity and regular income.
    • Should reflect strong balances and financial stability.
  • Investment Portfolio Summary (External Assets):
    • Summary of non-Goldman Sachs holdings (real estate, private equity, etc.).
    • Prepared by your advisor or CPA, current within 3–6 months.
  • Letter of Recommendation (if applicable):
    • From your Goldman Sachs advisor detailing financial relationship and card suitability.
  • Business Financials (if applicable):
    • 2 years of CPA-certified business financial statements (P&L, balance sheets).
    • Must reflect stable revenue and ownership clarity.
  • Proof of Employment or Income Source:
    • Employment verification letter or CPA-confirmed passive income documents.
  • Additional Verification Documents (if requested):
    • Marriage Certificate (for joint accounts).
    • Trust or estate documents.
    • Proof of Citizenship (for foreign-born applicants).
  • Document Submission Guidelines:
    • Online Submission: PDF uploads via Amex or Goldman Sachs secure portals.
    • Through Advisor: Advisor can submit verified digital documents on your behalf.
  • Tips for Smooth Submission:
    • Label all files clearly (e.g., "2024_Tax_Return.pdf").
    • Ensure consistency across SSN, address, and name fields.
    • Verify your credit report in advance to fix any issues.
  • Special Considerations:
    • Only available to U.S. residents with PWM accounts at Goldman Sachs.
    • Incomplete or outdated documents can delay approval.
  • Document Retention:

    Retain copies of all submitted documents. Processing typically takes 7–21 business days based on document volume and verification steps.

Factors Influencing Approval for The Platinum Card® from American Express for Goldman Sachs

  • Goldman Sachs Relationship:
  • Client Relationship Strength: Long-standing clients with multi-year Private Wealth Management accounts and diversified portfolios have the highest approval chances.
  • Engagement with Services: Active use of investment advisory, portfolio planning, or other GS services signals commitment and increases approval odds.
  • Advisor Recommendation: A direct endorsement from a Goldman Sachs advisor can significantly boost the chances of receiving an invitation.
  • Financial and Asset Evaluation:
  • Liquid Asset Threshold: A portfolio with $10 million+ in liquid assets (cash, stocks, bonds) is typically expected.
  • Asset Composition: Preference is given to clients with a higher proportion of liquid over illiquid assets (e.g., real estate or private equity).
  • Investment Returns & Income Streams: Consistent performance and diversified income sources demonstrate long-term financial stability.
  • Credit Profile and Risk Factors:
  • Credit Score: A score of 740 or higher is ideal. Excellent payment history and minimal derogatory marks are required.
  • Credit Utilization: Preferably under 10% for optimal risk assessment.
  • Length of Credit History: A 10+ year credit history demonstrates maturity and creditworthiness.
  • Recent Inquiries: Fewer than five hard pulls in the past 24 months is considered favorable.
  • Spending and Lifestyle Indicators:
  • Spending Patterns: High spenders in luxury, travel, and dining are preferred to maximize the card's benefits.
  • Lifestyle Alignment: Frequent international travelers and luxury consumers align well with the card’s elite offerings.
  • Existing Card Portfolio: A well-balanced portfolio with high-limit or complementary Amex cards (without overlap) is beneficial.
  • Capacity and Stability Metrics:
  • Debt-to-Income Ratio: Should ideally be under 20% to demonstrate strong financial discipline.
  • Professional or Social Standing: C-suite executives, industry leaders, or well-known entrepreneurs are more likely to receive invitations.
  • Financial Documentation Accuracy: Complete and verifiable financial records reduce approval risks.
  • Application Process Factors:
  • Application Timing: Strategic timing—such as during portfolio expansion or special promotions—can influence decision-making.
  • Application Submission Quality: A detailed, clear, and complete application shows intent and preparation.
  • Compliance with Regulations: Must meet AML and KYC standards with proper identity and financial verifications.
  • Long-Term Strategy Alignment:
  • Financial Goals: Applicants whose financial strategy involves wealth preservation, lifestyle elevation, and integration with GS services are prioritized.
  • Card Utilization Planning: Those who demonstrate how they’ll leverage concierge services, travel perks, or fine hotels gain an edge.
  • Reputation and Referrals:
  • Peer Influence: Referrals or associations with other high-profile cardholders or Goldman Sachs partners can positively impact consideration.
  • Public Recognition: Individuals with notable media presence or professional awards may attract favorable review due to influence potential.
  • Client Engagement and Loyalty:
  • Tenure with Goldman Sachs: Clients with a decade or more of active engagement show loyalty and commitment valued by both GS and Amex.
  • Exclusive Event Participation: Attending private GS events, conferences, or forums demonstrates high involvement and may increase visibility.

Frequently Asked Questions (FAQs) – The Platinum Card® for Goldman Sachs

1. What distinguishes The Platinum Card for Goldman Sachs from the standard Amex Platinum Card?
The card is exclusively for Goldman Sachs PWM clients with $10M+ in investable assets. While it shares core Platinum Card benefits like 5X points on flights, lounge access, and annual credits, it also features a 40,000-point bonus for spending $100,000 annually and integration with Goldman Sachs’ wealth management services.
2. Who is eligible to apply for this card?
Only Goldman Sachs Private Wealth Management (PWM) clients with at least $10 million in assets under management are eligible. Applicants must be U.S. residents with strong credit (typically 740+) and high income.
3. How do I receive an invitation to apply for the card?
Invitations are extended by Goldman Sachs PWM advisors to clients who meet the asset threshold and demonstrate lifestyle alignment with the card's features. Expressing interest to your advisor may help initiate the invitation process.
4. What is the annual fee, and what does it cover?
The annual fee is $695. It covers benefits such as lounge access, $200 airline fee credit, $200 hotel credit, Uber and digital entertainment credits, elite hotel status, and purchase/travel protections. Authorized user cards are $195 each (up to 3).
5. What documents are required to apply for the card?
Required documents include:
  • Government-issued ID (e.g., passport or driver’s license)
  • Proof of U.S. residency
  • Social Security number
  • Goldman Sachs PWM account statements showing $10M+ in assets
  • Income verification and recent tax returns
6. Can Goldman Sachs employees or alumni apply for the card?
No. Current eligibility is limited to PWM clients. Prior access for employees or alumni has been phased out. A PWM relationship is now required.
7. What are the key travel benefits of the card?
Travel benefits include:
  • Access to over 1,400 lounges (Centurion, Delta Sky Club, Priority Pass)
  • $200 airline fee credit
  • $200 hotel credit for bookings via Fine Hotels + Resorts or The Hotel Collection
  • Gold status with Hilton Honors and Marriott Bonvoy
  • Trip cancellation, delay, and baggage insurance
8. How does the Membership Rewards program function?
You earn:
  • 5X points on flights booked directly or through AmexTravel.com (up to $500,000/year)
  • 5X points on prepaid hotels booked via AmexTravel.com
You can redeem points for travel, gift cards, statement credits, or 1:1 transfers to 20+ travel partners. A unique 40,000-point bonus is awarded for $100,000 annual spending.
9. Is there a welcome bonus for new cardholders?
There is no fixed welcome bonus. Offers vary and are tailored by advisors. Past offers included up to 100,000 points but currently depend on your financial profile and relationship with Goldman Sachs.
10. How long does the application process take, and what factors affect it?
The process typically takes 7–14 business days. Speed depends on documentation accuracy, your credit profile, and existing relationship with Goldman Sachs. Card delivery takes an additional 5–10 days after approval.