I have a question about Amex canceling the companion airfare on my platinum charge

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I have a question about Amex canceling the companion airfare on my platinum charge

Postby matthewb » Mon Dec 22, 2008 11:31 pm

You guys surely must know more about this than me so I'm looking for your help.

I've had an Amex platinum charge card since 2004. Recently I got a letter in the mail that said they've taken away the companion airfare perk and I always thought that was one of the main reasons for paying the annual fee. I'm still paying the annual fee from 2004 but it's still a lot of money especially in this economy. Now what I didn't take from the letter was whether this was temporary or permanent. Do any of you have further details about this? If this is a permanent change I will 99% likely cancel this card before it's renewal in May.

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The Fuzz
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Postby The Fuzz » Tue Dec 23, 2008 9:53 am

Honestly, if that is the only perk you find with the Platinum card, then you probably don't need one anyway and would do better with a Gold or Green card. The travel benefits of the Platinum card go much further than the companion ticket. You get access to the airport clubs, 24 hour concierge access, access to the platinum travel counselors, the fine hotels and resorts program, international travel benefits, etc. You should look at what that card actually offers and determine if it is still worth it to carry. The annual fee is for much much much more than a companion ticket. Just getting access to all the airport lounges is worth more than the annual fee is, so if you aren't traveling a lot, then this really isn't the card you want to have anyway. It is designed for travelers who spend a lot of time on the road and in the air. The Gold card is more for people who don't need all those other features.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Tue Dec 23, 2008 2:53 pm

I agree it sounds like it would be best to downgrade. The companion airfare was a valuable feature. I believe they offered it up to four of them a year and when you figure a minimum of $200 to $300 a ticket as the absolute cheapest, if you used all four of them you definitely would be getting your money's worth. But that's not the only reason to get the card. I know a couple people that have the Green card and the benefits on that are excellent too. Unless you're traveling frequently there's really no point in going with the platinum.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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