American Express Tips?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Casanova
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Postby Casanova » Wed Apr 04, 2012 8:56 pm

Unless you're going to take full advantage of the benefits, Amex cards are pretty overpriced.

That said: I just recently picked up a platinum card. If you're someone who travels a lot, the annual fee on the card will probably pay for itself many times over.

I spent last year traveling without an amex card and there were quite a few times when free airport lounge access or concierge services would have been incredibly useful.

As a close to full time traveler, I figure I'll give it a shot this year and see if it's worth it.


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PlatinumAMEX94
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Postby PlatinumAMEX94 » Thu Apr 05, 2012 12:04 am

UPS Gregg wrote:How would it be worth it? You'd have to spend $17,500.00 just to break even. The benefits aren't even close to being worth the fee. It amounts to nothing more than a membership fee but let me ask you this.......if you were going to chose between two gym memberships and one was free but offered the same exact equipment as the other that is $500.00/year and has a fancy sign.....which would you chose? Hopefully the free one.


Just because YOU don't see the value in a charge card that has an annual fee does not mean you need to bash on the card and the members who DO choose to pay a fee. Every post you submit has something negative how you hate cards with fees. Fine. Great. Get over it. And remove the prestige cards from your signature. If the account is closed who are you trying to impress? You shop at Walmart, I shop at Neiman Marcus. Obviously, there is a huge difference in who has the money to spend. An annual fee of $450, is merely one night in a first class hotel. Again, you stay at the Best Western, I stay at the Ritz Carlton. Annual fees are also designed to keep the rift raft out.
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DoingHomework
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Postby DoingHomework » Thu Apr 05, 2012 10:02 am

UPS Gregg wrote:You don't get much, if anything, for the "membership fee". Trust me. It's not worth it. Its just a credit card. Not a business or a gym membership. The roadside assist can be included in you car insurance and extended warranties and returns are seldom used. Not enough to pay an annual fee anyway. Especially $175. And unless you attend lots of concerts and/or events the fee isn't worth it either. There are plenty of no annual fee cards that offer the same same point values for groceries and anything else that Amex Gold offers. Did you know that something like 80% of airline miles are never used? Yep! Look it up. It's because it's such a hassle. So, why pay a fee? Spending a certain amount per year on coffee doesn't justify the fees either. Take away the supposed "prestige" and luster of having an "upper tier" card there you are left with one undeniable fact.....it's just a gimmick.


You might be right about prestige. I don't think my platinum card is particularly prestigious. No one cares. But I easily save money with it even before thinking of the MR miles. I get 20% discount on Hertz, but any fool can get 10% so let's only assign 10% to the card - I rent about $4000 a year -- there's $400 savings. Then there is the $200 savings in bag fees and so forth on my airline. And we have not even gotten to the vanity perks.

Truthfully, the card is not for everyone. But a blanket statement saying the annual fee is never worth it is just your opinion. It's not worth it to YOU.

It actually is like a membership. You could save on a gym membership just by working out at home or running/biking around your neighborhood. But you (or at least many people) pay for the gym membership because of the convenience and service it offers. It's the same with a premium credit card.

DoingHomework
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Postby DoingHomework » Thu Apr 05, 2012 10:06 am

PlatinumAMEX94 wrote:Annual fees are also designed to keep the rift raft out.


Yep! And that benefit alone is worth the annual fee sometimes!

And Plat, you should try the Le Meridien or Westin instead - better bennies for us platinum card holders. The Ritz is kind of passe' these days you know. I understand they even let non-Plats like Mr. Gregg stay there now.

Philosophuer
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Postby Philosophuer » Thu Apr 05, 2012 10:39 am

I agree, u get what u pay for, or what u don't pay for. Amex is a membership, not a fee. There are perks to memberships, there is no perks to fees. Discounts, early seating, buyer assurance, road side assist & quality customer service are standards for Amex, they aren't even considered perks. I agree Amex is in a class to it self. So if u want a card company that sees u as a member, go Amex, if u want a card that any old schmo can have n ur just a cardholder, go visa master card!

bmw1990Z
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Postby bmw1990Z » Thu Apr 05, 2012 6:25 pm

PlatinumAMEX94 wrote:Just because YOU don't see the value in a charge card that has an annual fee does not mean you need to bash on the card and the members who DO choose to pay a fee. Every post you submit has something negative how you hate cards with fees. Fine. Great. Get over it. And remove the prestige cards from your signature. If the account is closed who are you trying to impress? You shop at Walmart, I shop at Neiman Marcus. Obviously, there is a huge difference in who has the money to spend. An annual fee of $450, is merely one night in a first class hotel. Again, you stay at the Best Western, I stay at the Ritz Carlton. Annual fees are also designed to keep the rift raft out.


Thank you!!!!!!!!!!! :)
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UPS Gregg
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Postby UPS Gregg » Thu Apr 05, 2012 8:14 pm

PlatinumAMEX94 wrote:Just because YOU don't see the value in a charge card that has an annual fee does not mean you need to bash on the card and the members who DO choose to pay a fee. Every post you submit has something negative how you hate cards with fees. Fine. Great. Get over it. And remove the prestige cards from your signature. If the account is closed who are you trying to impress? You shop at Walmart, I shop at Neiman Marcus. Obviously, there is a huge difference in who has the money to spend. An annual fee of $450, is merely one night in a first class hotel. Again, you stay at the Best Western, I stay at the Ritz Carlton. Annual fees are also designed to keep the rift raft out.


Woah back off! You don't know me and therefore shouldn't judge me. You don't know where I shop (as if it matters), how much money I have, or what hotels I stay in. I'm simply trying to talk others out of wasting money and just because you are so self righteous, which is apparent by your comments, doesn't mean I'm wrong. YOU need to get over it. And yourself. If you weren't so self absorbed in your own greatness you would have noticed the three or four times I've said that a Platinum could be worth the fee for someone that travels allot. And you might have noticed that we've been talking mainly about the gold card.....NOT the platinum. And by the way.....I keep my cards in the signature to show that I at least had some AF cards and might actually know what I'm talking about. And I'm sure you didn't notice they said "closed" next to them either.

DoingHomework wrote:Yep! And that benefit alone is worth the annual fee sometimes!

And Plat, you should try the Le Meridien or Westin instead - better bennies for us platinum card holders. The Ritz is kind of passe' these days you know. I understand they even let non-Plats like Mr. Gregg stay there now.


The same goes for you. Get over yourself. I could have your precious platinum card any time. It's just a quick phone call or click of a mouse away but it would be a rip off for me traveling once a year. But again.....if you weren't too busy patting yourself on the back during breaks times from polishing your platinum card you'd have caught that earlier as well.

Look people....if you want to waste money on a status symbol to feel good about yourself then more power to you. If you do travel enough to justify the af for a platinum then I'm happy for you. I'm going to continue to try and talk as many people that don't fall under those two categorys out of wasting their money and you have the right to disagree but NO RIGHT to judge me for it. I don't care how much money you make or which hotels you prance around in. Im not rich but I make good money but this "any old schmo" knows a little about humility. And that's something some of you can't seem to find with all your money and fancy hotels.
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*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Thu Apr 05, 2012 10:31 pm

UPS Gregg wrote:Look people....if you want to waste money on a status symbol to feel good about yourself then more power to you. If you do travel enough to justify the af for a platinum then I'm happy for you. I'm going to continue to try and talk as many people that don't fall under those two categorys out of wasting their money and you have the right to disagree but NO RIGHT to judge me for it. I don't care how much money you make or which hotels you prance around in. Im not rich but I make good money but this "any old schmo" knows a little about humility. And that's something some of you can't seem to find with all your money and fancy hotels.


I do know other American Express Platinum and Centurion card members. And I do know that it is still the NUMBER ONE sought after desirable card to carry. Frankly, your ignorant, uneducated comments are not welcome here. There are hundreds, if not thousands of members who DO value the opinions of those who carry the card they wish they too could have.

This particular forum has alliances with American Express and really doesn't appreciate your negative, comments with one of their partners. I am sure that Mike, the owner will agree with me on that.

People dream for the day that they hold and own an American Express Charge card. I don't think that your abusive, negative energy should detract from that dream. Go push your negativity somewhere else.
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UPS Gregg
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Postby UPS Gregg » Sat Apr 07, 2012 9:20 am

PlatinumAMEX94 wrote:Just because YOU don't see the value in a charge card that has an annual fee does not mean you need to bash on the card and the members who DO choose to pay a fee. Every post you submit has something negative how you hate cards with fees. Fine. Great. Get over it. And remove the prestige cards from your signature. If the account is closed who are you trying to impress? You shop at Walmart, I shop at Neiman Marcus. Obviously, there is a huge difference in who has the money to spend. An annual fee of $450, is merely one night in a first class hotel. Again, you stay at the Best Western, I stay at the Ritz Carlton. Annual fees are also designed to keep the rift raft out.


PlatinumAMEX94 wrote:I do know other American Express Platinum and Centurion card members. And I do know that it is still the NUMBER ONE sought after desirable card to carry. Frankly, your ignorant, uneducated comments are not welcome here. There are hundreds, if not thousands of members who DO value the opinions of those who carry the card they wish they too could have.


Again...if you were able to break out of your illustrious shell and pay attention you'd have seen the numerous comments I made stating that the platinum could be worth it for frequent travelers. And I don't care about people who seek out the cards simply for the status. I'm targeting those that want value. And you need to learn that when someone doesn't agree with you that doesn't make them ignorant and uneducated. In fact, I cancelled my PR Gold Card because I educated myself on its value and saw none as a result. Go figure.

This particular forum has alliances with American Express and really doesn't appreciate your negative, comments with one of their partners. I am sure that Mike, the owner will agree with me on that.


Pathetic. Is that the best you can come up with? You do realize that there are thousands of forums out there discussing a wide range companies and their products and there are very few (if any) where each and every person likes each and every product being discussed? But guess what!....That doesn't mean that they don't like the company!

People dream for the day that they hold and own an American Express Charge card. I don't think that your abusive, negative energy should detract from that dream. Go push your negativity somewhere else.


Abusive? Wasn't it you that turned this into a personal attack whith your lame comments about shopping choices and hotel choices? Yes I believe it was. And here's a little life lesson for you.....people aren't always going to agree with you and they aren't evil for it! If you can't refute what I, or any one else in the future, say about annual fees without making personal attacks or trying to intimidate them like you just did to me (horribly pathetic) then maybe you should take a breath, relax, think, and maybe you'll realize that maybe you are wrong.
Current FICO: 805 (Equifax)

Current Cards:

*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00

DoingHomework
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Postby DoingHomework » Sat Apr 07, 2012 10:54 am

UPS Gregg wrote:Woah back off! You don't know me and therefore shouldn't judge me...


Lighten up. My post was mostly just kidding you. You are right, many, maybe most, people will simply be throwing money away with high annual fee cards. But some of us are able to make good use of the perks and/or are willing and able to pay a few $ for the vanity. Frankly, you would not find me shopping in a Nordstroms or Barneys or whatever the stores are that AMEX partners with for shopping. But many folks do shop there so what's the big deal if they want a shiny card to flash at the checkout counter?

Most of us work hard for our money. What difference does it make to you what we choose to spend it on? Most people spend far more per year n cable TV or text messaging charges than they do on their platinum card! I mean, jeez,, if it's a matter of finding the money to pay the annual fee, just turn your thermostat down one degree and wear a sweater. That's the kind of money we're talking about here.



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