Platinum Annual Fee

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Vermonster
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Re: Platinum Annual Fee

Postby Vermonster » Sat May 16, 2015 8:35 am

MemberSince99 wrote:
rockyrock wrote:Everybody wants a free lunch...



Not me. I just downgraded to Gold. Problem solved. If I flew, it would be worth it, but if you don't fly, it's really just not worth 450 a year to me.


What exactly is the difference between Gold and Green now? The Amex website shows no difference in rewards or benefits.
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luvbullmarkets
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Re: Platinum Annual Fee

Postby luvbullmarkets » Sat May 16, 2015 5:13 pm

Vermonster wrote:
MemberSince99 wrote:
rockyrock wrote:Everybody wants a free lunch...



Not me. I just downgraded to Gold. Problem solved. If I flew, it would be worth it, but if you don't fly, it's really just not worth 450 a year to me.


What exactly is the difference between Gold and Green now? The Amex website shows no difference in rewards or benefits.


Gold gives you "entertainment access" such as priority AMEX exclusive seating to events.

I would strongly consider downgrading to the PRG card. Starting 6/1/15 the PRG will no longer have Forex fees, add 2x MR points on dining, and $100 travel credit. Amex really needs to consider adding bonus spend categories to the Platinum card.
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CarefulBuilder14
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Re: Platinum Annual Fee

Postby CarefulBuilder14 » Sat May 16, 2015 10:12 pm

luvbullmarkets wrote:Gold gives you "entertainment access" such as priority AMEX exclusive seating to events.

I would strongly consider downgrading to the PRG card. Starting 6/1/15 the PRG will no longer have Forex fees, add 2x MR points on dining, and $100 travel credit. Amex really needs to consider adding bonus spend categories to the Platinum card.

I agree the PRG beats the Gold. Perks and credits justify the AF difference. I'm not saying PRG is so great - just that Gold is pretty lacking in substance for (what will soon be) a $160 AF.

I'm not so sure about the Platinum needing bonus categories. Citi Prestige has them, but I also hear so many people complain about bad customer service from Citi. I suspect a lot of the people leaving Amex for Citi will be going back to Amex. Platinum is a perks card. For rewards, there is the EDP and PRG.
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rockyrock
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Re: Platinum Annual Fee

Postby rockyrock » Sun May 17, 2015 9:42 am

CarefulBuilder14 wrote:
luvbullmarkets wrote:
I'm not so sure about the Platinum needing bonus categories. Citi Prestige has them, but I also hear so many people complain about bad customer service from Citi. I suspect a lot of the people leaving Amex for Citi will be going back to Amex. Platinum is a perks card. For rewards, there is the EDP and PRG.



I'm actually quite sure...The Platinum card isn't marketed to point chasers, it's simply not the demographic Amex wants using that card. For folks that want points they can get a co-branded card, PRG or ED card. The Platinum card is targeted to high net worth individuals and high rollers.
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Nixon
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Re: Platinum Annual Fee

Postby Nixon » Sun May 17, 2015 7:53 pm

rockyrock wrote:
CarefulBuilder14 wrote:
luvbullmarkets wrote:
I'm not so sure about the Platinum needing bonus categories. Citi Prestige has them, but I also hear so many people complain about bad customer service from Citi. I suspect a lot of the people leaving Amex for Citi will be going back to Amex. Platinum is a perks card. For rewards, there is the EDP and PRG.



I'm actually quite sure...The Platinum card isn't marketed to point chasers, it's simply not the demographic Amex wants using that card. For folks that want points they can get a co-branded card, PRG or ED card. The Platinum card is targeted to high net worth individuals and high rollers.



The Plat is living in the times where people with 630 EX FICO couldn't get an AMEX making $10.00/hr

AMEX needs to step up their game. Fast.
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lobbythis
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Re: Platinum Annual Fee

Postby lobbythis » Sun May 17, 2015 9:56 pm

Nixon wrote:AMEX needs to step up their game. Fast.



They only need to stay competitive with the market. They don't really have to make it the best all-around card that exists. Like others have said, those top-tier cards cater to a very specific group and all they have to do is stay up to par with other creditors in that specific group. PRG just got some great new benefits so step down if you can't handle the Platinum.

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CarefulBuilder14
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Re: Platinum Annual Fee

Postby CarefulBuilder14 » Mon May 18, 2015 10:37 am

Nixon wrote:The Plat is living in the times where people with 630 EX FICO couldn't get an AMEX making $10.00/hr

AMEX needs to step up their game. Fast.

What changes would you suggest for the Platinum?

Someone making $10/hr might like using a BCE or a similar card for the rewards, but probably isn't too focused on lounge access and seat upgrades on $400-ish AF cards.

If someone with a low income (who, in most cases, won't fly much) wants an air perks card, it's probably for the illusion of status and/or to impress gullible dates/coworkers. Such a person would mostly care that it's an Amex and looks nice - not how it compares to R-C/Prestige/AA Exec in value.
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luvbullmarkets
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Re: Platinum Annual Fee

Postby luvbullmarkets » Tue May 19, 2015 5:32 pm

CarefulBuilder14 wrote:
luvbullmarkets wrote:Gold gives you "entertainment access" such as priority AMEX exclusive seating to events.

I would strongly consider downgrading to the PRG card. Starting 6/1/15 the PRG will no longer have Forex fees, add 2x MR points on dining, and $100 travel credit. Amex really needs to consider adding bonus spend categories to the Platinum card.



I'm not so sure about the Platinum needing bonus categories. Citi Prestige has them, but I also hear so many people complain about bad customer service from Citi. I suspect a lot of the people leaving Amex for Citi will be going back to Amex. Platinum is a perks card. For rewards, there is the EDP and PRG.


My point exactly. The Citi Prestige offers bonus spend categories at the same $450 A/F. Why can't Amex Platinum have this structure? Dealing with customer service is not that big a deal. Just ask yourself how often do I call the 800 number on the back of my card?
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MemberSince99
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Re: Platinum Annual Fee

Postby MemberSince99 » Wed May 20, 2015 9:37 am

luvbullmarkets wrote:
CarefulBuilder14 wrote:
luvbullmarkets wrote:Gold gives you "entertainment access" such as priority AMEX exclusive seating to events.

I would strongly consider downgrading to the PRG card. Starting 6/1/15 the PRG will no longer have Forex fees, add 2x MR points on dining, and $100 travel credit. Amex really needs to consider adding bonus spend categories to the Platinum card.



I'm not so sure about the Platinum needing bonus categories. Citi Prestige has them, but I also hear so many people complain about bad customer service from Citi. I suspect a lot of the people leaving Amex for Citi will be going back to Amex. Platinum is a perks card. For rewards, there is the EDP and PRG.


My point exactly. The Citi Prestige offers bonus spend categories at the same $450 A/F. Why can't Amex Platinum have this structure? Dealing with customer service is not that big a deal. Just ask yourself how often do I call the 800 number on the back of my card?


Amex Platinum is a perks card much more than a rewards card. Rewards are just flat out mediocre. It's the perks that shine, particularly for travel. If you fly, this is a card you really want in your wallet. If you don't, it might not be worth the annual fee in terms of value.

Also Gold gives you roadside service anywhere, where with Green you must be more than 50 miles from home or something if I remember right.

Vermonster
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Re: Platinum Annual Fee

Postby Vermonster » Wed May 20, 2015 9:45 am

MemberSince99 wrote:Also Gold gives you roadside service anywhere, where with Green you must be more than 50 miles from home or something if I remember right.


Gold and green have the same roadside program now. PRG is the one with the better service.
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