amex platinum annual fee waived?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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ronnieloo
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Postby ronnieloo » Tue Jan 04, 2011 8:49 pm

that's too bad because it should be waived. that is what the platinum is worth, a big fat zero!


coolthinker
 
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Postby coolthinker » Tue Aug 09, 2011 8:01 pm

I can understand why people would like to get the $450 fee waived. Let me try an justify the $450 for those who are debating whether to spend it or not. The way I thought about it was... with the Amex Blue card, which I carried for about 8 years, my average annual interest charges were higher than $1500, this may not be the case for all of you out there. As a way to control debt and not waist all that money on interest I decided to get the Platinum card and pay the $450 fee. So basically the way I see it is, I saved over $1000 per year on interest and receive all the perks that come with the Platinum. This also forced me to pay my bill in full at the end of the month and have a healthier credit score.

Hope it helps!
CT.

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Postby Money card » Tue Aug 09, 2011 10:50 pm

The Fuzz wrote:Bwahahhahahaahahahahahaah!! Yeah, that's a good one! AMEX waiving the fee on the Platinum card! BWAHAHHAHAHHAHAHAHAH!!! Wheww!!! I needed a good laugh this morning. lol

AMEX has no reason to waive the fee on such a successful card product. To my knowledge they never have waived the fee. $450 really isn't that much considering everything you get with it. And if you think the Platinum card is the same as the Gold card, then you haven't done a whole lot of research on them. The Platinum card gets you access to all of the airport lounges, access to their concierge, better reward points, Platinum card member benefits like the travel services, hotel program, rental car program, and the list goes on. The Platinum card is ten times the card that the Gold card is and people line up to pay the $450 fee on it. AMEX could raise the fee and people would still pay it. The benefits are only slightly below the Centurion benefits and that fee is $2500 with a massive initiation fee attached. If I traveled enough to benefit from the travel perks that the card offered then I'd have a Platinum card in a heart beat. It is only going to really benefit travelers though. If you stay at home mostly and shop around town, then the Platinum card isn't the product for you. That is why the Gold card exists.


Depending upon the person and the company, you have a point with the Platinum gets you aacess to the airport lounges (coming in OCT you wont get directly in with Continental and Delta). Buy yes you are correct about the others. You get a concierge on the Platinum and not on the Gold. I don't know if I would say it's 10 times what the Gold is.

Let's compare the late 80's to today. I remember standing in line at stores like the Gap, Caldors, Hermans and I saw a lot of people using the Gold Card. Now remember in those days grocery stores, movies, post offices and fast food restaurants didn't accept credit cards.

I can tell you nowadays I see a few people using the Platinum, but not as frequently as I use to see people using the Gold. But you also have to remember the annual fee is 450 for a Platinum and 125 for the Gold, which is waived for the first year.

If companies stood up to American Express and said that their employees aren't aloud to use the Platinum card for business, then the Platinum would go out of business. How many people do you think would want to use the card at places like Bed Bath and Beyond, The Container Store, Gap, etc?

I wouldn't say people are lining up to pay 450 for the card. But I would say a lot of people are
using Capitol 1and chase sapphire cards in addition to the Platinum.

Fuzz do you have the Platinum?

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Pete838
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Postby Pete838 » Mon Aug 15, 2011 8:58 pm

If you fly even a couple times a year the Platinum AMEX is totally worth it. You start out with a $200 per year airline credit to be used on your airline of choice (several to pick from). Plus a free FIRST CLASS INTERNATIONAL companion certificate. That alone could be worth $5K. You get airline club access through several airlines and Priority Club International, automatic rental car upgrades, automatic hotel upgrades and late arrival/checkout at five star resorts. It's a great deal for someone that was going to be doing some of this stuff anyway. Oh yeah, I also get roadside assistance (like AAA). No way they can waive the annual fee for all those benefits.
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4Runner
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Postby 4Runner » Thu Aug 18, 2011 12:02 pm

Question: If I have a Platinum card and 2 additional AMEX cards, can I get the fees for the other 2 cards waived and just pay the fee for the platinum?

CC Deville
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Postby CC Deville » Thu Aug 18, 2011 5:52 pm

4Runner wrote:Question: If I have a Platinum card and 2 additional AMEX cards, can I get the fees for the other 2 cards waived and just pay the fee for the platinum?


Not that I have ever heard about. The annual fees are revenue for Amex; they aren't about to waive the fees. Heck, they charge for authorized user cards. With the exception of Zync and Platinum they do waive the fee for the first year but that's it.

MrAwesome
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Postby MrAwesome » Fri Aug 26, 2011 3:55 pm

I have the business platinum and when I got it they told me that NOBODY EVER gets the fee for the Platinum waived.

Hell when I first got my personal green card I had to call and complain when they didn't honor the "First Year Free" promotion they sent me.

ooxs
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Postby ooxs » Fri Aug 26, 2011 4:23 pm

IMO i thin 450 is perfect for the Plat & reserve card. The AF is not outrageously pricey for selected or targeted frequent flyers but enough to keep some members away, allowing the card to offer very precise s services to specified members. You cannot compare these cards to the say for example visa black with AF of 495.

HipHopSays
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Postby HipHopSays » Fri Aug 26, 2011 8:40 pm

@ooxs...you make cogent point which in turn explains why waiving of the plat fee probably will not happen in the near future.

4Runner
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Postby 4Runner » Tue Aug 30, 2011 7:21 pm

I just tried today, and the CSR told me that it is possible only when the card is upgraded from the green or gold ones to the platinum, they can waive the annual fee for the first year.



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