platinum = meh

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
17 posts
User avatar
Xorand
Platinum Member
Platinum Member
 
Posts: 94
Joined: Thu Feb 06, 2014 11:01 am
Location: TX

Postby Xorand » Wed Feb 04, 2015 11:32 am

I'm with the OP as well. I apped my Platinum for the "prestige" or "luster". That has quickly worn off. In essence, I paid $450 for 40,000 MR points (which I've already transferred at some cost to Delta and purchased tickets with). At this point, I'm a little less than break even.

I really don't travel airlines enough to take advantage of most of the premium aspects of the Platinum. I'll probably drop it before next AF is due.

At the same time I got the Platinum I also got a CSP. Because I rent a lot of cars, the primary car rental insurance option pays for the AF ($95) over many times. The CSP is one of two cards that rides with me all the time (the AmEx BCP is the other). The Platinum is in my sock drawer right now.
AmEx - Platinum (NPSL) , Blue Cash Preferred ($19,000), Gold Delta Skymiles ($8,500)
Chase - Sapphire Preferred ($14,000), Disney ($11,500), Amazon.com ($9,000), Freedom ($8,000)
CapOne - QuickSilver ($7,250) / Platinum Rewards ($7,250)


oldsoldier
Centurion Member
Centurion Member
 
Posts: 111
Joined: Mon Nov 17, 2014 5:34 pm
Location: TN

Postby oldsoldier » Wed Feb 04, 2015 11:47 am

Here I thought it was the $450 AF that had worn off. That would be enough for me than again I would have never got on that boat.
BoA Cash Rewards $13,000
Chase Sapphire Preferred $14,000
BoA Better Balance $12,000
Amex Every Day $24,000
Discover It $17,000
NFCU Platinum Visa $25,200
Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $6,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $11,600

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3746
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Wed Feb 04, 2015 4:46 pm

If Amex:

1. Changed the card's name from "Platinum" to something like "American Express Travel Access"
2. Took the Roman soldier off the front and replaced it with something like the Blue Sky logo
3. Made absolutely no changes to the card's financial terms or travel benefits

...then there would be far fewer stories like this.

On the other hand, Amex would probably have to raise the annual fee, since they'd lose a lot of the highly profitable customers who see status/achievement in the card and pay the AF but don't use the perks much.

A Platinum sitting in a sock drawer, or used for everyday stuff, is spectacularly profitable for Amex. Amex gets the annual fee, swipe fee, and only pays out 1 MR point per dollar.

A Platinum used frequently and exclusively for travel perks and credits costs them a lot of money.

One thing I don't understand about Amex Platinum: What are the terms of Priority Pass Select? When I look at PriorityPass.com it doesn't list Select as an available membership tier - just Standard, Standard Plus, and Prestige.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

Cre
Platinum Member
Platinum Member
 
Posts: 93
Joined: Thu Nov 06, 2014 11:53 am
Location: United States

Postby Cre » Wed Feb 04, 2015 10:57 pm

CarefulBuilder14 wrote:One thing I don't understand about Amex Platinum: What are the terms of Priority Pass Select? When I look at PriorityPass.com it doesn't list Select as an available membership tier - just Standard, Standard Plus, and Prestige.



The Priority Pass "Select" card issued to Amex Platinum holders is equivalent to the highest level "Prestige" membership level that you see on the PP website.

The Prestige membership alone is $399 per year, and for that payment members gain unlimited access (no charge per visit) to the 700 airport lounges worldwide (about 60 of which are in the USA). Each visit is recorded, but there is no charge to the member.

Contrast this to the "Standard Plus" membership, where for a $249 annual fee, a member can visit a PP lounge 10 times without incurring any per visit charge, but on the 11th visit and every visit thereafter, the member must pay $27 per visit.

The "Standard" membership, for a $99 annual fee, offers ZERO free visits. Each visit by the member costs the member $27 per visit, from visit 1.

On all PP memberships, including the Select membership exclusive to Amex Platinum card holders, any guest a member drags into the club will incur a $27 visit fee for the guest. Again, this is regardless of membership status.

So that you can be assured of the alignment between the "Select" membership and the "Prestige" membership, here are a couple of quotes from the letter I received in the mail containing my Priority Pass Select card:

"As a Platinum Card member you have been given complimentary enrollment into the Prestige membership level, which entitles you to free lounge visits. A fee for any guest you bring will automatically be charged to your Platinum Card, currently US$27 per visit."

(Bold emphasis was made by Amex, not me)

I hope this clears up the confusion regarding the Priority Pass Select, and also adds a touch of "luster" back onto the Platinum card.

I agree with the general consensus here that if you don't travel by air very much, then some of the perks of the Platinum card are not worth the steep $450 annual fee, which climbs to $600 a year if you add a spouse or other family member as additional card holders on the account. But I fly every week, so these perks kind of perk up the day of difficulties inherent with air travel.
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3746
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Wed Feb 04, 2015 11:49 pm

One thing I have to wonder about lounges - how inconvenient can a lounge be before it gets to be too much of a hassle to get there?

If I got a Platinum, and all the lounges it gave me access to at a particular airport were pre-security or in different terminals, would it be any better than just getting some overpriced food and sitting in a restaurant a minute away from my gate?

I guess most of my travel is domestic and direct, so I haven't felt the need for them. One time, to save money by taking a bus instead of a taxi (the only taxi company in the area had an unreliable reputation, too), I did get to an airport 11 hours before my flight. TSA thought it was weird but didn't hold me up too long. A lounge would have been nice, that time.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

Cre
Platinum Member
Platinum Member
 
Posts: 93
Joined: Thu Nov 06, 2014 11:53 am
Location: United States

Postby Cre » Thu Feb 05, 2015 12:15 am

CarefulBuilder14 wrote:One thing I have to wonder about lounges - how inconvenient can a lounge be before it gets to be too much of a hassle to get there?

If I got a Platinum, and all the lounges it gave me access to at a particular airport were pre-security or in different terminals, would it be any better than just getting some overpriced food and sitting in a restaurant a minute away from my gate?



This is a very valid consideration.

In addition to the PP network of lounges, Amex has built four new and exclusive "Centurion" lounges, one of which I am going to go visit in about 14 hours from now. The PP card is not needed to enter a Centurion Lounge, but a Platinum or Centurion card is.

There is another Centurion lounge in an airport I fly in and out of 2 or 3 times a month, but I can never visit it, because it is located in a different terminal, which requires two trips through security to get to. It's a shame to miss it all the time, but there isn't enough time to risk a visit.

On the other hand, at one of the world's busiest, if not largest, domestic airports, with 6 different terminals, I will hop on a train and go from one end of the airport to the other just to visit the nicer lounge called The Club, because access to all the terminals is all "airside", meaning I don't have to pass through another security check point to go from one terminal to the next.

At makes more sense to drink water you pay for by the bottle, rather than free unlimited alcohol. It makes more sense to pay $10.00 for a sandwich at a kiosk just seconds away from your departing gate, rather pay $27 for unlimited sandwichettes after walking for 10 minutes and taking a tram ride and three escalators, only to repeat the journey in reverse to make it back to the departing gate.

Not that long ago, not all airports had free wifi, or any wifi at all, and cellular data was not common, as smartphones as we know them today did not even exist, pre iPhone and pre Android. The lounges had computer terminals, printers, fax machines, and Cat 5 cable cubicles to plug your laptop into, all of which were unavailable in the regular terminal.

Today, most of those types of amenities hold very little value, as most airports now have free wifi, and most people don't really need to print much anymore. The lounges are so crowded nowdays, that there is often not as much of a feeling of peace and solemnity away from the hustle and bustle in the rest of the airport.

That all being said, I have made good use of the lounges, and will continue to do so.
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

robbrock11
Green Member
Green Member
 
Posts: 14
Joined: Wed Feb 01, 2012 8:29 pm
Location: California

Postby robbrock11 » Fri Feb 06, 2015 12:22 am

I love my platinum global entry was something I didn't think I would use much but I have to say it has come in handy especially since I drive back and forth from LA to Mexico for work so I am able to cross in the sentry lane which is much faster. Being able to use the delta lounges also when I travel to and from Detroit is also a big plus. Not to mention the airline free credits, the fine hotel upgrades, the companion ticket. I love my platinum. But I also know its not for everyone.
Experian 785

Amex Platinum
Chase Sapphire 10K
Discover It Card 10K
BofA Cash Back 10K
Capital One Venture 10K



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 0 guests