- Centurion Member
- Posts: 827
- Joined: Mon Oct 19, 2015 2:08 pm
One nice thing about Hyatt is that I can get a good value for the points at both mid-tier properties like Hyatt Place, as well as at premium properties.
If you actually stay at full-service Marriott and R-C properties, why not just get the Ritz card and drop the Amex charge card altogether? The cent-per-point value isn't that great, but regular use of status and the upgrade certificates can be worth a lot. The problem I've faced has been that my stays have mostly been at limited-service (but high-category) properties where status wouldn't get me much, anyway, but award nights cost a lot of points.
Ritz has the $300 airfare credit (though I hear it's a nuisance to get). PRG's annual fee is only $35 more but gives a $100 airfare credit. If you fly often enough to need a Platinum's perks, then a $100 airfare credit should surely be worth $35. Or do you just want it for dining access/concierge service/SPG Gold/impressing people?
I'm really puzzled as to why you want Platinum.[/quote]
For whatever reason I keep ignoring / forgetting about the $100 airline credit with the PRG (possibly because of the single airline restriction and that it is on incidentals and not actual airfare) but do not ignore the $200 airline credit on the Platinum, which I know has the same restrictions / rules.
That being said, I suppose your confusion as to why I would want the Platinum is valid. The reason underneath it is related to unusual reward earnings I have through my business. I will ultimately be earning between 400K and 600K MRs a year and between 300K and 500K URs a year as well. This is a recent development associated with the new business cards I just signed up for. My thinking was since I'm going to be receiving a tremendous value from those points for nothing basically (points that would mostly be used for travel and leisure), it would be nice to upgrade to the Platinum (and lose the little extra bit of reward I might currently get from Gold (or PRG for that matter) over Platinum and pay the higher annual fee for travel perks. I do not frequent the same vacation spots, I do not really have a regular hotel chain currently, I am developing airline preferences now, but nothing that would make a specific branded card useful. With the Prestige, I have gotten into a bunch of Admiral's lounges recently and it really makes the time spent in the airport a lot less distasteful for me and borderline pleasant... So for a relatively small increase in annual fee (compared to the value of points I will be getting for business spending that would be happening anyway) the large set of travel perks (lounges included) appeal to me. Five years ago, I would not have cared about any of this, but as I'm getting a little bit older (also just got engaged - all perks will mostly apply to / benefit my fiancé as well) the value I derive from these perks matter more and more and I'm looking at it as free of charge, which I think is fairly reasonable.
What do you think? I'm curious for your take with the above info. I know how you feel about certain card acquisitions for vanity purposes, though I personally do not think that's what this is, but, overall, you seem to have a good system for weighting the reasonability of a card for a given circumstance.[/quote]
Pretty much agreed on all points. At $350/yr (+AU) the Prestige ends up paying for itself in benefits.[/quote]
It is also unlikely that I will be "buying" very many airline tickets, if any, now that I have considerable and constant URs and MRs. They will probably grow at a rate faster than I can use even if I'm sloppy about it.
And I get 3X TY points with Prestige or 2X MR with Gold or 2X UR with CSP (which is sort of where my position that the PRG doesn't change the value of my Gold that much (and I have BCP for groceries + gas) and the fact that I probably will be using points for all airline purchases going forward). I also think part of the reason I ignored the $100 airline credit from PRG is because my mind was focused on if I think the Platinum is worth it. I'd agree that if I don't upgrade the Gold to Platinum that I should at least upgrade it to PRG
Does everyone understand my rationale behind excusing myself from paying the $450 (potentially less $200 airline credit) for the Platinum and considering it paid for out of the points I will be redeeming and earning very regularly (and Platinum redeems 1.25X depending on if you redeem that way or not)? Would you share my rationale if you were in my shoes? Interested in everyone's thoughts.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It