golf.ninja wrote:I see that the normal deal is 40K pts
40K is the standard current offer on the regular Platinum. Just to clarify the Mercedes Benz and Morgan Stanley Platinums currently have standard offers of 50K. MB has a higher spend requirement than the MS. MS has restricted eligibility but anyone can apply for the MB. There's also an Ameriprise Platinum but it doesn't have any such bonus and instead offers the first year free.
We recently signed up or the MS Platinum to try it out. We don't expect that it will work in the long run but we'll see. Had we run across a 100K offer might have gone for that but the MS Platinum includes the first Platinum AU for free.
golf.ninja wrote:Are the pts easily used at 1pt=.01 ratio?
How are you determining the net without knowing the answer to that question?
Transfers are generally where the best value is at but you can refer to:https://rewards.americanexpress.com/myca/loyalty/us/catalog/mrhome.do
Hit the More Information link and the site will present you with example options for redeeming 10K points after you specify the card type.
You can look through the gift card options here as well:https://rewards.americanexpress.com/myca/loyalty/us/catalog/giftcardhub
Also look into maximizing the benefit of the airline fee credit ($200). If you look around there are threads (not necessarily just on this site) about making the most of the Platinum. The rule of thumb is that if you don't travel enough to leverage the travel benefits of the Platinum then it's probably not a good fit. No card is ever a "no brainer". One must always consider how any card suits the individual.
You could just do statement credits (since you have to spend $3000 anyway), but I don't like damaging my Average Age of Accounts (AAoA) for sign up bonuses
Though I think that is an irrational fear of mine. But if I started opening credit card for their sign up bonuses, where would I stop?
Nothing irrational about it. AAoA is a known factor though it's relatively small.
Those who churn typically have strong enough profiles where their AAoA isn't drastically impacted.