Platinum plays a crucial role in the superior high-temperature oxidation resistance of Pt-modified nickel aluminide (PtAl) coatings. However, PtAl coatings usually serve in thermo-mechanical coupling environments. To investigate whether Pt contributes to the high-temperature mechanical properties of PtAl coating, stress rupture tests under 1100 °C/100 MPa were performed on PtAl coatings with varying Pt contents. The different coatings were obtained by changing the thickness of the electroplated Pt layer, followed by a diffusion heat treatment and the aluminizing process in the present work. The results of the stress rupture tests indicated that an increasing Pt content resulted in a significant decrease in the stress rupture life of PtAl-coated superalloys under 1100 °C/100 MPa. Theoretical calculations and microstructural analysis suggested that an increased coating thickness due to the Pt content is not the main reason for this decline. It was found that the cracks generated close to the substrate in high-Pt-coated superalloys accelerated the fracture failure.