Going for the platinum

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
17 posts
woogs
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Postby woogs » Sat Mar 16, 2013 9:44 am

Platinum is pretty much free for the first year anyways. $200 in airline credits in 2013, then another $200 in 2014 before his fee comes up for renewal next March.

Not to mention Global Entry membership ($100), probably 50k MR points on signup (worth $750 according to most people), along with the other benefits of club access, etc.
American Express: MB Platinum Card, Business Platinum, Business Gold, SPG, Hilton Surpass
Chase: Ink Plus, Ink Bold, Sapphire Preferred, United Mileage Plus, Marriott Premier
Citi: Executive AA World Elite MasterCard, AA Visa Signature, AA Business MasterCard
Barclays: US Airways World Elite, Arrival Card


Twisted Innovator
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Postby Twisted Innovator » Sat Mar 16, 2013 1:29 pm

Rory wrote:just wondering, why do you want the plat especially if you will be wasting 450$ a year, more than 1% of your annual income(after taxes). I mean unless your company flies you out alot it just seems like a waste, the prestige of the card is mostly gone. Its better to go with the prg if you dont have any better gas cards



I'm pretty sure I can afford it. A cellphone cost way more a year, it's just broken up in monthly payments. Same goes for this....comes out to 37.50/month. Read the benefits..and they look good. Card WILL come in handy. Prestige or not.

Moneytalks
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Postby Moneytalks » Sat Mar 16, 2013 5:11 pm

Twisted Innovator wrote:I'm pretty sure I can afford it. A cellphone cost way more a year, it's just broken up in monthly payments. Same goes for this....comes out to 37.50/month. Read the benefits..and they look good. Card WILL come in handy. Prestige or not.


+1, I'm going to try and get one once I travel more and use all the lounge benefits :)
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

UPS Gregg
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Postby UPS Gregg » Sat Mar 16, 2013 5:33 pm

Rory wrote:just wondering, why do you want the plat especially if you will be wasting 450$ a year, more than 1% of your annual income(after taxes). I mean unless your company flies you out alot it just seems like a waste, the prestige of the card is mostly gone. Its better to go with the prg if you dont have any better gas cards


I agree. Just seems like a waste if he doesn't travel allot and it truly is a waste for prestige alone whether someone gets a kick out of that sort of thing or not.
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

Rory
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Postby Rory » Mon Mar 18, 2013 1:55 am

AMEXPlatino86 wrote:Why do you guys question that? If the guy wants to pay $450 for the platinum, let him. That is not affecting you in any way whatsoever. I want the platinum card myself.


Because I like to give out quality advice, not sprout garbage and question everyones intentions.
Amex Zync - NPSL (Cleared up to 25k)
Amex BCE - 12000 limit
Amex BCP - 4200 limit
FIA Rewards Amex- 3500 limit
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Chase Slate - 2000 Limit
BoA Cash Rewards Privileges- 3000 limit
Barclaycard Rewards MC - 3000 limit
Discover IT- 3500 limit
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Sevenfeet
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Postby Sevenfeet » Mon Mar 18, 2013 9:51 am

woogs wrote:Platinum is pretty much free for the first year anyways. $200 in airline credits in 2013, then another $200 in 2014 before his fee comes up for renewal next March.

Not to mention Global Entry membership ($100), probably 50k MR points on signup (worth $750 according to most people), along with the other benefits of club access, etc.


Yes, you just have to use them. For example, the airline credits are useful for bag fees or inflight meals. For me, access to Delta's lounges is key since I'm no longer Diamond status and would have to pay for it otherwise. And I intend to go Global Entry later this year...I just have to plan the face-to-face interview process in a city with the proper TSA facility I'm flying to anyway (my home airport doesn't do this).
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Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
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woogs
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Postby woogs » Mon Mar 18, 2013 7:36 pm

Sevenfeet wrote:Yes, you just have to use them. For example, the airline credits are useful for bag fees or inflight meals.


True. However, it is a known fact that airline gift cards (if done correctly) are reimbursed just fine. While definitely not the intended purpose of the refunds, and clearly noted that they will not be subject to refund, it still works as of 2013.
American Express: MB Platinum Card, Business Platinum, Business Gold, SPG, Hilton Surpass
Chase: Ink Plus, Ink Bold, Sapphire Preferred, United Mileage Plus, Marriott Premier
Citi: Executive AA World Elite MasterCard, AA Visa Signature, AA Business MasterCard
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