The Platinum card - my experience so far

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MemberSince99
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Postby MemberSince99 » Fri Jul 04, 2014 6:57 am

That's too bad to hear that, I was going to sign up for it, just in case. Fortunately most of the time in the US you get wireless at Starbucks, the hotel, etc so it's not a problem. But that's really too bad to hear.


woogs
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Postby woogs » Fri Jul 04, 2014 9:37 am

To each their own, but I find your travel justifications a poor way to qualify the $450 annual fee. I only keep the card for the 5x points at my Benz dealer (the only spend I put on the car as I find MR points a poor value compared to so many other programs out there) and for the Amex Centurion Lounge access.

MemberSince99 wrote:
They reimburse you certain airline fees, automatically - I selected early bird check in for my Southwest flight and they saw that and reimbursed me with a credit within a couple of days. They also reimburse carry on fees and other things up to 200 a year

Next - they reimburse you the cost of the TSA Pre-check which allows you to bypass some of the security, and if you've stood in those long lines removing your shoes and emptying all your stuff out, you already know that's a winning thing. The cost is 85 dollars and it's good for 5 years but Platinum will reimburse that. (I'm planning to stop at our local center next week and apply for this).


It also upgrades your status at the major rental car companies. It's hard to put a financial value on this, as well as the upgrades at selected hotels, but it's a very nice perk.


It lets you into selected lounges as well. I just got my Priority Select card, and since my return flight was delayed, that would have been a nice perk had I had that card and there been a lounge handy.



If you are traveling for work, they should be paying for the baggage fees and early boarding. My $200 / year credit goes straight to gift cards, award booking fees, or change ticket fees which are reimbursed so I count it as a true cash. If you are not getting reimbursed for baggage fees you are still paying for it indirectly.

TSA Pre reimbursement is every 5 years - it is a great benefit but after year 1 (or even month 1 of the Amex Platinum) there is no monetary benefit. If you cancel the card you keep Pre Check.

Getting car rental status is very easy. In fact signing up for the Mile Point promo last year that included Hilton Gold, National Executive, etc for $50 would have been a better deal for you.

Most people signup / keep the Amex Platinum for a few reasons - especially with the recent loss of AA / US Lounges and no guests to Delta Lounges.

1) Status sign / bragging

2) Large signup bonus & first year is practically free by receiving the $200 statement credit twice (split over 2 calendar years)

3) Amex Centurion Lounge Access - this is why I keep the card. I also have the $450 year Citi AA Exec card for access to AA / US Lounges when I am not in DFW but the Amex Lounge is superior for when I am in DFW.

4) Need access to a large NPSL - but other Amex cards offer this for significantly less

5) Insurance on items they buy or travel

I will be curious to see if you keep the card when you are billed the $450 annual fee next year.
American Express: MB Platinum Card, Business Platinum, Business Gold, SPG, Hilton Surpass
Chase: Ink Plus, Ink Bold, Sapphire Preferred, United Mileage Plus, Marriott Premier
Citi: Executive AA World Elite MasterCard, AA Visa Signature, AA Business MasterCard
Barclays: US Airways World Elite, Arrival Card

MemberSince99
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Postby MemberSince99 » Fri Jul 04, 2014 10:33 am

Well I guess it's fortunate that I don't have to justify how I spend the money I earn to you then isn't it.


I personally have found it pays for itself in many ways. As I pointed out, with the travel benefits and reimbursements, it's likely I'll pay less for this than I would the PRG, and then I get the perks on top of that not to mention the added insurance.


As far as work, well if you work in corporate America, I'm sure you know how they are - the travel guidelines are constantly updated and I have yet to EVER see them made better for us - they simply keep slashing what they will reimburse in the attempt to make the wage slaves pay for business travel as a cost reduction. I was told even now the beancounters want to eliminate airport parking and make you park in a lot off the airport and take the shuttle in. Next thing you know I imagine that soon the guidelines will specify you can stay where you please, but they will only reimburse you enough to cover the cost of the sort of place where drug deals and prostitution are taking place and where the roaches drop off onto you after you turn out the lights, and that your meal reimbursement amount will leave you no realistic option but the dollar menu at the Golden Arches. Maybe your company is different and if so, great, stay there, but most of us deal with people who care only about how they can screw the hapless slaves.


As you said to each their own.

woogs
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Postby woogs » Fri Jul 04, 2014 10:57 am

Well either way, glad the card is working out for you. To answer your Boingo question, once you have the account, if you find yourself at a location (I still find a few airports, but very rarely, still use Boingo), you would login at their splash page. Some boingo airport locations are "shared" where you can surf for free for 15 minutes, or if you need longer just sign into your account from Amex.

And for the record, I work for a Fortune 100 company - so I don't think you can get more "corporate" than that. We reimburse on-site airport parking, taxis, baggage fees, etc.
American Express: MB Platinum Card, Business Platinum, Business Gold, SPG, Hilton Surpass
Chase: Ink Plus, Ink Bold, Sapphire Preferred, United Mileage Plus, Marriott Premier
Citi: Executive AA World Elite MasterCard, AA Visa Signature, AA Business MasterCard
Barclays: US Airways World Elite, Arrival Card

MemberSince99
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Postby MemberSince99 » Fri Jul 04, 2014 3:27 pm

That's so 1990s. I think we are going to see them set more reimbursement limits - even if they last minute order you to get on a plane, too bad, if it's over the guideline limit, enjoy the flight you helped pay for so the CEO can get another hefty bonus (probably more than you'll make your entire life).


Another concept I'm still waiting to see is where they charge you "rent" for the electricity you use at work, to use the restrooms at work, and for your cubicle space and the cost of your laptop (which is some cheap antique wholly inadequate for the tasks you need it to do though your upper management gets top of the line units to run Excel with). I've actually seen that here in WI I'm just surprised more of them don't do it. I kid you not, I worked at a place where they charged you for water if you drank it and for the utensils they had in the kitchen if you used them and I'm not sure but maybe toilet paper too, as well as the office coffee. If they do it right they can have us paying to work yet. That's even a better deal than Vietnam where the slaves actually cost something (though granted it's a pittance).


Oh well that's another topic!

supercoolman
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Postby supercoolman » Sat Jul 05, 2014 12:38 am

Does Global Entry reimbursement counts toward the 200 annual cap?

MemberSince99
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Postby MemberSince99 » Sat Jul 05, 2014 6:33 am

supercoolman wrote:Does Global Entry reimbursement counts toward the 200 annual cap?



Nope that's just airline expenses, so the Global Entry reimbursement is outside of and in addition to the 200 airline fee cap.

supercoolman
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Postby supercoolman » Sat Jul 05, 2014 3:05 pm

MemberSince99 wrote:Nope that's just airline expenses, so the Global Entry reimbursement is outside of and in addition to the 200 airline fee cap.


I know someone who is interested at getting platinum card if there is a way for a person going on one international round trip in economy class without any accident or renting any car get reimbursed to at least the same amount of the annual fee. To me, I don't see the point if the person is going down that route.

MemberSince99
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Postby MemberSince99 » Sat Jul 05, 2014 4:02 pm

Probably not. You could get the 85 fee for Global Entry and 200 in airline expenses paid after that it just depends. I mean if they took some expensive stuff in their luggage and it was destroyed/lost in transit, then yeah, but who wants a return like that. It really is pointless for just one trip, so I would say unless it fits this person, why bother. (And it doesn't sound like it does).


I'm also not a huge fan of getting a specific card for one purchase/trip, but it's not my life or my credit.

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Jul 07, 2014 3:19 pm

Have any Amex platinum holders here made good use of the restaurant reservation feature? Is the idea behind it that it somehow gets you a table when a restaurant says they are booked solid? Or it helps in booking a private event?
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