Best use of Platinum + Costo

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
3 posts
swivel
Green Member
Green Member
 
Posts: 4
Joined: Wed Jan 12, 2011 1:53 am
Location: USA

Best use of Platinum + Costo

Postby swivel » Thu Aug 29, 2013 1:52 pm

I have a question on making the best use of my Amex pairings based on your experience and recommendations...

Cards I use:
  • Amex Platinum
  • Costco TrueEarnings Amex
  • Amex SimplyCash Business (under EIN)

Other cards I have (but only use in the case Amex isn't accepted + monthly autopay bills to maintain history):
  • USAA Cash Rewards MasterCard
  • B of A Cash Rewards Visa
  • B of A Business Visa (under SSN)

I don't carry a balance and I pretty much purchase everything exclusively on my Platinum card ($10k-$30k average a month). I pay the yearly fee for 3 additional card holders.

I just received the Costco TrueEarnings Amex to use for gas and restaurants, but I want to make sure I'm making the smartest use of the cards together.

Is my understanding correct that I should generally continue to use my Platinum card for all purchases + travel when booking through the Amex travel site (for 2x points) but use the Costco card for restaurants + gas + travel booked outside of the American Express Travel website? We travel extensively and we enjoy dining.

If anyone carries both cards and/or has an optimal way of structuring purchases between the two cards, I'd appreciate your thoughts and recommendations...


User avatar
djrez4
Centurion Member
Centurion Member
 
Posts: 1468
Joined: Tue Jul 31, 2012 12:20 pm
Location: United States

Postby djrez4 » Thu Aug 29, 2013 3:47 pm

I think you thought it through pretty well. The Platinum isn't a great spending card, but it gives good benefits. The Costco card, on the other hand, sounds like it fits your spending patterns well.

One thing to consider is how you value the Membership Rewards points. If you're not redeeming them, they aren't worth anything. True Earnings gives you cash back in the form of a check every year. If the points are sitting around or not being utilized well, it makes more sense to get 2% back on travel via the True Earnings card than to go through Amex Travel - which may not be the best price! - and get two points per dollar.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

swivel
Green Member
Green Member
 
Posts: 4
Joined: Wed Jan 12, 2011 1:53 am
Location: USA

Postby swivel » Fri Aug 30, 2013 12:54 am

djrez4 wrote:I think you thought it through pretty well. The Platinum isn't a great spending card, but it gives good benefits. The Costco card, on the other hand, sounds like it fits your spending patterns well.

One thing to consider is how you value the Membership Rewards points. If you're not redeeming them, they aren't worth anything. True Earnings gives you cash back in the form of a check every year. If the points are sitting around or not being utilized well, it makes more sense to get 2% back on travel via the True Earnings card than to go through Amex Travel - which may not be the best price! - and get two points per dollar.


Thanks! You actually hit the nail right on the head, as I've just been letting my points accrue since inception under the notion that I'd use them "someday." Appreciate your insight.



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 3 guests