JonE wrote:Wasn't this THE main reason to open an AMEX?
Subjective. It wasn't the main reason for my BCP or my wife's BCP. However, it was the main reason for my TE. It wasn't the main reason for my wife's Platinum. That said, like Member it would be a consideration in future AmEx apps for us. With backdating there was little to lose by closing existing AmEx cards and opening new ones if one had a sufficiently old MSD.
thom02099 wrote:For those of us who have a long Member Since Date, the reality is, it's just for bragging rights, as most underwriters and credit analysts will see what one's payment history time frame looks like.
The automated systems that handle most approval decisions can't tell so it is beneficial with them. And once the card is beyond a certain age it's difficult to tell as a card's entire payment history isn't on reports. Last I checked I think there was about 4 years of payment history on the reports I looked at.
MemberSince99 wrote:It's one of the "perks", and frankly in most cases the rewards are nothing special it's the perks on some of their cards (example Platinum the rewards are no better than Cap One but the perks are why people get the card) and if they take those away, they take away some incentive to carry the card.
The criteria you use are your call but earning rewards really isn't why most select the Platinum given its poor MR earn rate. It's the travel benefits. That's why there are a number that carry both the Platinum and the PRG.
MemberSince99 wrote:I don't want to pay that and call customer service and get connected to someone talking in an accent I can't make heads or tails of - I feel I got played for a fool.
You wouldn't with the Platinum. It and the Centurion don't use the same call centers as other AmEx products. One concerned about overseas call centers could use the alternative contact methods as well. I've never called in for our BCP's or the TE.
MemberSince99 wrote:Especially when you are paying a high annual fee for the card (I consider 450 a year a high fee).
Many would consider 450 to be high but, again, many find the travel benefits worthwhile and find that things such as the annual $200 airline fee credit, Global Entry fee credit every 5 years, lounge access programs, FHR, etc to be worth the AF. It's a subjective matter and like any other card the Platinum isn't suited to everyone so you have to decide for yourself.
My wife and I are currently taking it for a spin. I doubt we'll keep it in the long run but with the above, and the free Platinum AU card (normally $175 for the first 3 Platinum AU's -- MS only offers the first at no charge) and 50K sign on bonus for the Morgan Stanley version we figure it's at least worth trying for the first year. There's a $100K annual spend bonus on that version of the Platinum as well but we're not going to hit that.
There are targeted offers with better bonuses but if one is not getting targeted and is not eligible for the MS Platinum there is a Mercedes Benz Platinum with 50K as its standard offer that anyone can apply for. If one is eligible for the Ameriprise version it comes with the first year with no AF but does not appear to have any bonus.
A lot of credit card sites have info on getting the most value out of the Platinum and anyone interested in the card can read up to aid them in their research. However,I would guess that if one is looking for value then one probably isn't suited to the Platinum. Not saying they're mutually exclusive but the Platinum is more of a perks card than a value card, generally speaking. Still, each should do the research and decide for the individual.
MemberSince99 wrote:I call Discover with no annual fee and get an American I can understand every single time - why can't I get that with Amex?
Why would you expect every company to have the same offerings? All you can do is use what works for you and skip what does not.