What are the benefits of American Express Platinum Card?

Annual Fee: $695
The Amex Platinum Card stands perfect for people who need regular premium benefits with access to lounge areas.
Benefits:

That program allows users access to 1,400+ lounges spread across the entire world through the combinations of Centurion and Priority Pass and Delta Sky Clubs.
The card provides $200 worth of airline fee coverage which includes diverse services like charges for baggage and seat improvements.

  • $200 Hotel Credit: For select hotel bookings via Amex Travel.
    Members earn 5X Membership Rewards® points for both flights booked through Amex Travel and flights purchased directly through airlines.
    This benefit covers $189 worth of CLEAR® security clearance expenses which lets you skip standard security checks.
  • No Foreign Transaction Fees.
    Traveling frequently? This card offers excellent benefits which include airport lounges access as well as travel credits and hotel special perks.

How do you think the Amex Platinum stacks up against cards like the Chase Sapphire Reserve, which has a lower annual fee but still solid travel perks?