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.