How soon can you upgrade an Amex?

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NYC_Dweller
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Postby NYC_Dweller » Sat May 05, 2012 11:14 pm

doligan305 wrote:I just applied and got approved for the Amex green card :D I was wondering if when it gets here, if I can upgrade it to platinum or is it too soon?


congrats on the approval but why are you looking to upgrade to a plat? I would assume you reviewed the charge cards and applied for the green based on your needs.

as mentioned, it will take 13 months to be eligible for an upgrade but you can apply anytime. approval for both are not guaranteed.


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Postby PopiLopi » Sun May 06, 2012 11:42 am

If I were you I'd stick with the green for the next 13 months, when the time comes they will most likely offer you a gold or platinum upgrade... A lot of times they offer you the plat upgrade with 25k point which makes the annual fee difference almost nothing... Keep the platinum for a while and see if its worth it for you, if it isn't you can always downgrade at any time and your fees will always be pro-rated.

My co-worker just upgraded from green to plat cause he's going to Europe this summer, he asks if he could go down after returning from the trip because he's not traveling anymore for a while but wanted the $200 credit benefit and the lounges, they said they'd rather keep him as plat but it's up to him and he'll get the fees pro-rated if he does
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Postby NYC_Dweller » Sun May 06, 2012 3:31 pm

PopiLopi wrote:If I were you I'd stick with the green for the next 13 months, when the time comes they will most likely offer you a gold or platinum upgrade... A lot of times they offer you the plat upgrade with 25k point which makes the annual fee difference almost nothing... Keep the platinum for a while and see if its worth it for you, if it isn't you can always downgrade at any time and your fees will always be pro-rated.

My co-worker just upgraded from green to plat cause he's going to Europe this summer, he asks if he could go down after returning from the trip because he's not traveling anymore for a while but wanted the $200 credit benefit and the lounges, they said they'd rather keep him as plat but it's up to him and he'll get the fees pro-rated if he does


You have to meet a certain requirement to be eligible for a platinum upgrade. An offer does not automatically occur after 13 months. I have heard that the ideal candidate will have to meet a minimum monthly spending with their charge card. It is also believed that they look at the amount of luxury goods you purchase.

As mentioned this is something that I have heard numerous times. It is understandable that Amex wants you be meet their required profile in exchange for a Platinum offer.

I have friends that have their Gold for many years but was never offered a Platinum.

PopiLopi
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Postby PopiLopi » Sun May 06, 2012 5:24 pm

Amex has certain triggers for the platinum offer, luxury purchases and travel, frequent traveler, fine dining and spending, they also consider how "engaged" you are with the card... almost anybody with a good relationship with amex and good credit can get the upgrade if they request it, but it's truth, you have to fit a specific profile to get the offer directly from them and the bonus points.

The best way to see if you have the invitation is calling either Customer Service or Membership Rewards, if there's an offer for you they're gonna make everything possible to make you upgrade because they get incentives for that.
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Moneytalks
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Postby Moneytalks » Sun May 06, 2012 5:27 pm

PopiLopi wrote:Amex has certain triggers for the platinum offer, luxury purchases and travel, frequent traveler, fine dining and spending, they also consider how "engaged" you are with the card... almost anybody with a good relationship with amex and good credit can get the upgrade if they request it, but it's truth, you have to fit a specific profile to get the offer directly from them and the bonus points.

The best way to see if you have the invitation is calling either Customer Service or Membership Rewards, if there's an offer for you they're gonna make everything possible to make you upgrade because they get incentives for that.


Not sure if you absolutely HAVE to meet requirements or not, but if they can get a sucker to pay a $450 annual fee for not utilizing all the traveling perks, etc. then good business deal on Amex's part haha
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Postby PlatinumAMEX94 » Mon May 07, 2012 7:05 pm

Moneytalks wrote: if they can get a sucker to pay a $450 annual fee for not utilizing all the traveling perks


Oh boy, here we go again with someone who is attacking the Platinum card membership fees. Yes, you DO have to meet the requirements in order to get a platinum invitation.

If you have ever heard the phrase "If you have to ask, then you can't afford it."

If you are at the stage of your life that you cannot afford $450 out of your discretionary income then you simply are NOT a desirable customer for American Express. The platinum customer views $450 like you view $45. Pocket change and not even the price of a nice dinner. You can want all you want, but you won't get an invite until you can prove you are worthy. i.e. Past purchases that are viewed as luxury items. The number of first class tickets, hotel accommodations at 4/5 star hotels and the types of restaurants are calculated into a complex algorithm. You will need to start having a percentage of those goods/services show up on your annual yearly spending report. That report, believe it or not, tells American Express a heck of lot about you, your spending patterns and your discretionary income.
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Postby NYC_Dweller » Mon May 07, 2012 8:13 pm

PlatinumAMEX94 wrote:Oh boy, here we go again with someone who is attacking the Platinum card membership fees. Yes, you DO have to meet the requirements in order to get a platinum invitation.

If you have ever heard the phrase "If you have to ask, then you can't afford it."

If you are at the stage of your life that you cannot afford $450 out of your discretionary income then you simply are NOT a desirable customer for American Express. The platinum customer views $450 like you view $45. Pocket change and not even the price of a nice dinner. You can want all you want, but you won't get an invite until you can prove you are worthy. i.e. Past purchases that are viewed as luxury items. The number of first class tickets, hotel accommodations at 4/5 star hotels and the types of restaurants are calculated into a complex algorithm. You will need to start having a percentage of those goods/services show up on your annual yearly spending report. That report, believe it or not, tells American Express a heck of lot about you, your spending patterns and your discretionary income.


i agree, i believe what triggered my gold to plat upgrade was:

- travel - not frequent but at least 3-5 times a year. always stayed at finer hotels & resorts
- luxury purchases - to name a few... spent 12k on handbags for my wife last year (1 chanel, 2 louis vuitton, 2 gucci & 1 prada), slightly under 2k with Starbucks, frequent customer of Bergdorf Goodman
- Heavy Gold card user with a solid Amex record

i slightly disagree with viewing the $450 as $45. when i feel my monetary investments have a weak return i pull the plug right away. this goes with Amex as well. every dollar counts. once you become a millionaire and you spend your first dollar the millionaire title no longer applies to you until you make up that dollar.

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Tue May 08, 2012 11:10 am

NYC_Dweller wrote:i agree, i believe what triggered my gold to plat upgrade was:

- travel - not frequent but at least 3-5 times a year. always stayed at finer hotels & resorts
- luxury purchases - to name a few... spent 12k on handbags for my wife last year (1 chanel, 2 louis vuitton, 2 gucci & 1 prada), slightly under 2k with Starbucks, frequent customer of Bergdorf Goodman
- Heavy Gold card user with a solid Amex record

i slightly disagree with viewing the $450 as $45. when i feel my monetary investments have a weak return i pull the plug right away. this goes with Amex as well. every dollar counts. once you become a millionaire and you spend your first dollar the millionaire title no longer applies to you until you make up that dollar.


Anyone who spends 12k on purses for his wife definitely has some discretionary income. Bergdorf, Neiman, and Barneys are 3 department stores are AmEx customers. And if you booked with PTS, then you appreciate the finer things in life when you travel. I would be willing to bet your got your value in your $450 membership fee. FHR gives your $450 in complimentary upgrades every time you stay .. for free. One stay at a FHR stay and you just got that fee back.

And I believe that if you get to millionaire status once, you can do it again, over and over. My money works hard for me, I don't work hard for my money.
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