AMEX Annual Fee

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gregshelley@scrtc.com
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Re: AMEX Annual Fee

Postby gregshelley@scrtc.com » Thu Jun 23, 2016 9:40 pm

Just got my sign-up points on my AMEX Platinum, Total points now-51,242. Flying out of Nashville July 18th to Ft. Lauderdale for New Franchise training. Too bad there are no Lounges at either Airport...Lol
Discover it $3k
BOA CR Visa Sig. $18K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $8.5K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Busin Visa $2K
Chase Ink Cash Busin Visa Sig. $5K


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lobbythis
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Re: AMEX Annual Fee

Postby lobbythis » Fri Jun 24, 2016 1:26 am

only people complaining are broke people who have no business applying for the card in the first place. just paid my $450 along with my $400 on UNited and $400 on my Ritz. who cares. i enjoy the cards and can afford them. people need to grow up

Tubpbs
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Re: AMEX Annual Fee

Postby Tubpbs » Fri Jun 24, 2016 5:25 am

lobbythis wrote:only people complaining are broke people who have no business applying for the card in the first place. just paid my $450 along with my $400 on UNited and $400 on my Ritz. who cares. i enjoy the cards and can afford them. people need to grow up


I agree. It only actually affects people who are trying to play a game. There are some legitimate rare circumstances where it could matter to someone not trying to be sneaky, but very few and far between and it doesn't matter anyway, they agreed to pay the fee... They pay the fee. That's it.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

yfan
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Re: AMEX Annual Fee

Postby yfan » Fri Jun 24, 2016 1:25 pm

lobbythis wrote:only people complaining are broke people who have no business applying for the card in the first place. just paid my $450 along with my $400 on UNited and $400 on my Ritz. who cares. i enjoy the cards and can afford them. people need to grow up

I pretty much agree, except the "broke people" part. I quite suspect the ones who are playing the game of open-get bonus-close-get AF prorated are mostly greedy, cheap people of means.

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lobbythis
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Re: AMEX Annual Fee

Postby lobbythis » Fri Jun 24, 2016 7:45 pm

you are probably right on that too. but, as far as i am concerned, they can do whatever they need to in order to flush out the scum bags who waste time and money. they are good for no one.

Nixon
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Re: AMEX Annual Fee

Postby Nixon » Fri Jun 24, 2016 9:00 pm

CarefulBuilder14 wrote:
corys401 wrote:
AMEXPlatino86 wrote:Yeah it was changed to keep "boogers" from getting the cards stealing the points/benefits and then trying to dump the card while they get a pro-rated refund for the months that they didn't use. So basically they have to pay to use the cards.

Once again it's another benefits gone for those that actually want to get rid of the card after a few years rather than those that want to get rid of it after a few weeks/months.



Can't fault them, can you? Haha

Think of much money they were losing for Platinum Cards! Several 10's of thousands of points, some people double dipping on the $200 airline credit, and then getting their AF prorated.

I think Nixon did that on a regular Platinum, cancelled it, and was approved for MB Platinum the next day.

Amex policies can certainly lead to unorthodox behavior...


Pretty much exactly how it went down.
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Nixon
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Re: AMEX Annual Fee

Postby Nixon » Fri Jun 24, 2016 9:02 pm

yfan wrote:
lobbythis wrote:only people complaining are broke people who have no business applying for the card in the first place. just paid my $450 along with my $400 on UNited and $400 on my Ritz. who cares. i enjoy the cards and can afford them. people need to grow up

I pretty much agree, except the "broke people" part. I quite suspect the ones who are playing the game of open-get bonus-close-get AF prorated are mostly greedy, cheap people of means.

You're right.

I'm greedy, but by no means cheap. I'll spend on something I see as quality.

I love getting a bargain on upscale products i'd have bought regardless.
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To My Credit
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Re: AMEX Annual Fee

Postby To My Credit » Fri Jun 24, 2016 9:04 pm

There are people who apply for the Platinum card just to churn it? With an introductory annual fee of $450? What's the point? Don't they get similar bonuses for other cards with lesser introductory annual fees?
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+

Nixon
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Re: AMEX Annual Fee

Postby Nixon » Fri Jun 24, 2016 9:17 pm

To My Credit wrote:There are people who apply for the Platinum card just to churn it? With an introductory annual fee of $450? What's the point? Don't they get similar bonuses for other cards with lesser introductory annual fees?


100K Bonus on Plat, $400 in AA GC's, Global Entry Credit for $100. Cent Lounge access for 8 months.
$300 of AF paid.

75K Bonus on MBPlat, $200 insofar of AA GC's, with another $200 coming in January. Global Entry Credit for $100, $100 Cert for MB Service/Merch, and Cent Lounge access for the year. $475 AF paid. I'll keep it for the year since they've changed the prorate policy. Even then though I'm going to get a min of $300 "cash value" out of it yearly.

I'd say the churn was worth the butter.
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CarefulBuilder14
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Re: AMEX Annual Fee

Postby CarefulBuilder14 » Fri Jun 24, 2016 9:17 pm

To My Credit wrote:There are people who apply for the Platinum card just to churn it? With an introductory annual fee of $450? What's the point? Don't they get similar bonuses for other cards with lesser introductory annual fees?

Don't forget:
Airfare credits - $200 for late 2016 and $200 for early 2017.
PreCheck/GE

The Platinum's AF for the first year is mostly offset by available credit not included in the bonus.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when



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