Invitation to apply for Platinum

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Nixon
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Postby Nixon » Tue Nov 04, 2014 1:20 pm

Brad Bishop wrote:I remember back in the day when the Platinum Card really was invite only. There were no applications for it floating around in stores and there was no online presence. Now, it's just another card, granted, an expensive one with perks some people use.


I'd app it if they just offered me that 100K MR bonus. :)
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Jarrodpd
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Postby Jarrodpd » Tue Nov 04, 2014 1:50 pm

Nixon wrote:I'd app it if they just offered me that 100K MR bonus. :)


Exactly, I wouldn't be opposed to a theoretical $1k to use towards travel or bill credit.
[size=80]USAA Secured Mastercard: $600 @9.9% APR
USAA Platinum Mastercard: $1500 @12.9% APR CLIed to $2500
American Express HHonors no AF: $2900 @17.24% APR CLIed to $8700
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Nixon
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Postby Nixon » Tue Nov 04, 2014 1:59 pm

Jarrodpd wrote:Exactly, I wouldn't be opposed to a theoretical $1k to use towards travel or bill credit.


I don't think it'd be worth $1,000 in bill credit. But, when transferred out to a travel partner could be worth way over $1,000.
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Jarrodpd
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Postby Jarrodpd » Tue Nov 04, 2014 2:05 pm

Nixon wrote:I don't think it'd be worth $1,000 in bill credit. But, when transferred out to a travel partner could be worth way over $1,000.


I haven't figured out how the whole MR points work, when I received the offer for 50K MR points on my PRG card they said it was worth $500, so I assumed it would be $1k.
[size=80]USAA Secured Mastercard: $600 @9.9% APR

USAA Platinum Mastercard: $1500 @12.9% APR CLIed to $2500

American Express HHonors no AF: $2900 @17.24% APR CLIed to $8700

American Express Premier Rewards Gold: NPSL

American Express Platinum: NPSL



Exp: 721|Equ: 708|Tu: 729 (5th October 2014)[/size] | Exp: 743|Equ: 734|Tu: 743 (3rd December 2014)

Nixon
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Postby Nixon » Tue Nov 04, 2014 2:09 pm

Jarrodpd wrote:I haven't figured out how the whole MR points work, when I received the offer for 50K MR points on my PRG card they said it was worth $500, so I assumed it would be $1k.


$300 in bill credit for 50K MR.

Except for certain charges like McDonalds which is 1:1
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PlyrStar93
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Postby PlyrStar93 » Tue Nov 04, 2014 2:10 pm

Jarrodpd wrote:I haven't figured out how the whole MR points work, when I received the offer for 50K MR points on my PRG card they said it was worth $500, so I assumed it would be $1k.

It can worth $500 if you exchange them to retail gift cards for certain stores, but they can worth more if you transfer the points to frequent flier programs and others. Using on Amazon gives back $350. Worst case is worth $250 when exchanging to AMEX gift cards.

So basically the value varies as the point is flexible. 1 point ranges 0.5 cents to somewhere higher than 1 cents or even more, depending on what you do with it.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
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Jarrodpd
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Postby Jarrodpd » Tue Nov 04, 2014 2:17 pm

Nixon wrote:$300 in bill credit for 50K MR.

Except for certain charges like McDonalds which is 1:1


PlyrStar93 wrote:It can worth $500 if you exchange them to retail gift cards for certain stores, but they can worth more if you transfer the points to frequent flier programs and others. Using on Amazon gives back $350. Worst case is worth $250 when exchanging to AMEX gift cards.

So basically the value varies as the point is flexible. 1 point ranges 0.5 cents to somewhere higher than 1 cents or even more, depending on what you do with it.


Thanks for both of your help, whenever it gives you the option on Amex travel to use points, is that typically a worse value because they deteriorate the value?
[size=80]USAA Secured Mastercard: $600 @9.9% APR

USAA Platinum Mastercard: $1500 @12.9% APR CLIed to $2500

American Express HHonors no AF: $2900 @17.24% APR CLIed to $8700

American Express Premier Rewards Gold: NPSL

American Express Platinum: NPSL



Exp: 721|Equ: 708|Tu: 729 (5th October 2014)[/size] | Exp: 743|Equ: 734|Tu: 743 (3rd December 2014)

Nixon
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Postby Nixon » Tue Nov 04, 2014 2:19 pm

PlyrStar93 wrote:It can worth $500 if you exchange them to retail gift cards for certain stores, but they can worth more if you transfer the points to frequent flier programs and others. Using on Amazon gives back $350. Worst case is worth $250 when exchanging to AMEX gift cards.

So basically the value varies as the point is flexible. 1 point ranges 0.5 cents to somewhere higher than 1 cents or even more, depending on what you do with it.


To that end then, Discover's cashback is inherently more valuable for certain gift cards as they often have either a $50 for $45 CB, or $25 for $20 CB.
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PlyrStar93
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Postby PlyrStar93 » Tue Nov 04, 2014 2:36 pm

Jarrodpd wrote:it gives you the option on Amex travel to use points, is that typically a worse value because they deteriorate the value?

Generally 1 point equals to 1 cent while Platinum and Centurion gives 20% rebate.
source http://thepointsguy.com/2012/01/sunday-reader-question-best-use-of-american-express-membership-rewards-points/
So that wouldn't be too bad as 1% back is general industry standard. Surely it's possible to redeem value more than 1% but I wouldn't say that 1% is a bad value.

For me it's like:
>1%, great
=1%, good
<1%, not as good
But of course you can have other thoughts.

When there is no program available to transfer, then getting 1% back would be the first choice.

Nixon wrote:To that end then, Discover's cashback is inherently more valuable for certain gift cards as they often have either a $50 for $45 CB, or $25 for $20 CB.

Technically it's true to say it's possible you get more than 1% cash back in that case. We just have to be smart if we want to realize the best value.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

Nixon
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Postby Nixon » Tue Nov 04, 2014 2:37 pm

PlyrStar93 wrote:Generally 1 point equals to 1 cent while Platinum and Centurion gives 20% rebate.
source http://thepointsguy.com/2012/01/sunday-reader-question-best-use-of-american-express-membership-rewards-points/
So that wouldn't be too bad as 1% back is general industry standard. Surely it's possible to redeem value more than 1% but I wouldn't say that 1% is a bad value.


You mean that If I got a Platinum, my MR's are all of a sudden worth 20% more?
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