Mercedes Platinum + Revolver = Stack rewards?

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BYTech
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Mercedes Platinum + Revolver = Stack rewards?

Postby BYTech » Sat Apr 16, 2016 4:43 pm

Hi all,

I was recently approved for Mercedes Benz Amex card with an $8k credit limit so I am super excited about that. I really wanted this card because of the 3x gas, 2x restaurants, 2x supermarkets and all the Mercedes related benefits. I recently found out Mercedes Benz also offers a platinum card and seems like a great card for Mercedes Benz owners.

I plan on leasing a Mercedes next year and was wondering if I could potentially stack the benefits from both Platinum and revolver cards? For example, $1,500 ($500 +$1000) certificate towards a new purchase/lease and 3,000 (1,000 + 2,000) miles waiver on terminated leases. Also, would it be impractical to have 2 co-branded Mercedes cards? I believe their benefits compliment each other. Thanks in advance for any insight.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)


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Vattené
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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby Vattené » Mon Apr 18, 2016 10:40 pm

I have been entertaining the thought of a Mercedes revolver myself (down the road a bit, after we get the wife's car paid off and figure out the timing on getting the certificate). I would almost expect this to be excluded, in a "cannot combine with other offers" sense, but I don't see it explicitly stated in the fine print:
https://www.americanexpress.com/us/mobi ... efitsTerms
This certificate cannot be combined with the Fleet Programs, but may be eligible for use in combination with other Mercedes-Benz programs in place at the time of your purchase or lease.


It's not a direct answer, but it suggests you may be able to stack...I would call Amex and see if they can give you anything definitive before applying, though. It may be up to the dealership's discretion, too. I believe dealerships are allowed to not accept certificates at all, so you may be able to check with the specific dealership you would use.

As for having both in the first place, it can be beneficial to the right spender. The Platinum is more for perks and the revolver could be the rewards workhorse. If you can't stack, you may find a Mercedes revolver + regular Platinum OR an EDP + Mercedes Platinum worthwhile combos (couldn't tell you if they'd let you PC the Mercedes revolver to An EDP but I wouldn't count on it)?
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

BYTech
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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby BYTech » Tue Apr 19, 2016 12:41 am

Vattené wrote:I have been entertaining the thought of a Mercedes revolver myself (down the road a bit, after we get the wife's car paid off and figure out the timing on getting the certificate). I would almost expect this to be excluded, in a "cannot combine with other offers" sense, but I don't see it explicitly stated in the fine print:
https://www.americanexpress.com/us/mobi ... efitsTerms
This certificate cannot be combined with the Fleet Programs, but may be eligible for use in combination with other Mercedes-Benz programs in place at the time of your purchase or lease.


It's not a direct answer, but it suggests you may be able to stack...I would call Amex and see if they can give you anything definitive before applying, though. It may be up to the dealership's discretion, too. I believe dealerships are allowed to not accept certificates at all, so you may be able to check with the specific dealership you would use.

As for having both in the first place, it can be beneficial to the right spender. The Platinum is more for perks and the revolver could be the rewards workhorse. If you can't stack, you may find a Mercedes revolver + regular Platinum OR an EDP + Mercedes Platinum worthwhile combos (couldn't tell you if they'd let you PC the Mercedes revolver to An EDP but I wouldn't count on it)?


Thank you for sharing your thoughts - really appreciate your perspective.

Good point I'll check with Amex about the stacking. When I purchased my first Mercedes the dealership I was working accepted a $500 certificate so at least I know they will accept, I'll ask them if they will accept two. I don't see why not because from my understanding Mercedes Benz USA reimburses the local dealer for the certificate.

I definitely would prefer the Mercedes Platinum / EDP combo since the MB Platinum has more miles waived for leases and a larger purchase/lease discount (AF is only $25 more then the regular platinum). I have the ED card perhaps I can PC in year to EDP. I think a pretty solid combo would be MB Revolver/MB Platinum/EDP which cover almost the major spending categories above 2x except for travel (side note incorrectly state that the MB revolver had 2x supermarkets when they don't). But it propbably does not make sense to have PRG and Platinum? Would hate to miss out on 3x travel points though.

But I really do like the idea of replace the MB Revolver for EDP if I were to get the MB Platinum. I would be just trading 3x gas for 3x Supermarkets which isn't a bad trade off. Since I already have ED and would just try to PC, what would I do with the MB revolver, just close it? Or have it changed to differnt AMex with no AF to keep the credit limit. Could I add that limit to the EDP?
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)

takeshi
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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby takeshi » Tue Apr 19, 2016 2:27 pm

BYTech wrote:But it propbably does not make sense to have PRG and Platinum?

It's up to you to determine what makes sense for you. There are certainly those that have a Platinum for its perks and a PRG for its MR earn rates.

BYTech wrote:I think a pretty solid combo would be MB Revolver/MB Platinum/EDP which cover almost the major spending categories above 2x except for travel

Don't just try to collect cards to cover all spend categories. Figure out where the majority of your spend is going and find cards that earn higher rewards for where your spend is going. If you're spending a small amount on a category then worrying over maximizing rewards on a small volume of spend may not make much sense. Run the numbers. Understanding how many dollars you're talking about will probably give you a better perspective on the matter.

BYTech
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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby BYTech » Tue Apr 19, 2016 3:24 pm

takeshi wrote:
BYTech wrote:But it propbably does not make sense to have PRG and Platinum?

It's up to you to determine what makes sense for you. There are certainly those that have a Platinum for its perks and a PRG for its MR earn rates.

BYTech wrote:I think a pretty solid combo would be MB Revolver/MB Platinum/EDP which cover almost the major spending categories above 2x except for travel

Don't just try to collect cards to cover all spend categories. Figure out where the majority of your spend is going and find cards that earn higher rewards for where your spend is going. If you're spending a small amount on a category then worrying over maximizing rewards on a small volume of spend may not make much sense. Run the numbers. Understanding how many dollars you're talking about will probably give you a better perspective on the matter.


Thanks for the advice. Makes sense I'll run the number but if I had to guess it would be dinning and groceries.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)

BYTech
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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby BYTech » Tue Apr 19, 2016 3:28 pm

I spoke to an Amex rep regarding the stacking of rewards and they said that the terms does not prohibit stacking of the two rewards so it should work for the excess miles and certificate. However, I am still going to call some of the local dealers to see if they agree with Amex.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)

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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby Vattené » Tue Apr 19, 2016 3:33 pm

How did you get the first $500 certificate you used, if you don't mind my asking? Just curious since the revolver was a recent approval and probably not the program you used. Was the process of using it pretty simple at your particular dealership?

If you can make good use of MR and travel a lot, combos like that make sense, but they are only beneficial to a narrow group of people. I'm not one of those people. I'm building up MR, hoping to use on an international trip that would be rare for me. I'd only entertain getting a Platinum if I got a great targeted offer to use the MR and perks on a trip but probably wouldn't plan on keeping it indefinitely. If you're flying a lot, a Platinum + PRG might make sense (hell, a Platinum by itself indefinitely probably only makes sense if you fly a lot). Do you think you could make good use of the Platinum's perks, or are you primarily concerned with the Mercedes benefits? If it's the latter, a Mercedes Platinum may not even make sense (the AF for the first year alone almost eats the extra value from the certificate). I would just caution against getting too many cards with AFs. Will upgrading your ED to and EDP be worth paying $75 a year to go from 1.2X to 1.5X on noncategory spending? That said, I don't know anything about your spending so it may be a valuable strategy for you, but it can be easy to get caught up in returns as takeshi mentioned without stepping back and realizing just how much it will net you in absolute terms.

Edited to add: Oops, didn't see your response. That is good news, but I think contacting the dealership is wise. You'd kick yourself if you went through all the trouble of earning both certificates only to run into trouble with Mercedes actually using them.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

BYTech
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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby BYTech » Tue Apr 19, 2016 9:38 pm

Vattené wrote:How did you get the first $500 certificate you used, if you don't mind my asking? Just curious since the revolver was a recent approval and probably not the program you used. Was the process of using it pretty simple at your particular dealership?

If you can make good use of MR and travel a lot, combos like that make sense, but they are only beneficial to a narrow group of people. I'm not one of those people. I'm building up MR, hoping to use on an international trip that would be rare for me. I'd only entertain getting a Platinum if I got a great targeted offer to use the MR and perks on a trip but probably wouldn't plan on keeping it indefinitely. If you're flying a lot, a Platinum + PRG might make sense (hell, a Platinum by itself indefinitely probably only makes sense if you fly a lot). Do you think you could make good use of the Platinum's perks, or are you primarily concerned with the Mercedes benefits? If it's the latter, a Mercedes Platinum may not even make sense (the AF for the first year alone almost eats the extra value from the certificate). I would just caution against getting too many cards with AFs. Will upgrading your ED to and EDP be worth paying $75 a year to go from 1.2X to 1.5X on noncategory spending? That said, I don't know anything about your spending so it may be a valuable strategy for you, but it can be easy to get caught up in returns as takeshi mentioned without stepping back and realizing just how much it will net you in absolute terms.

Edited to add: Oops, didn't see your response. That is good news, but I think contacting the dealership is wise. You'd kick yourself if you went through all the trouble of earning both certificates only to run into trouble with Mercedes actually using them.


obtained my first $500 certificate by going to concert that was sponsored by Mercedes Benz. After Atul concert Mercedes Benz USA email me a certificate to print out. After negotiations With dealer is when I present the certificate and the dealer had no issue accepting It and deducted it from the purchase price.

I used to travel once a month but now only about 5-6 times a year. Definitely not traveling like an executive but I do like the platinum perks. I'm saving all of my MR points for travel so it would be nice to able to use the platinum perks. Yeah I definitely do not want to be overwhelmed with AFs so I need to make sure to analyze my spending correctly. But it is easy to get caught up in all the hype. Thanks again for the insight.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)

BYTech
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Re: Mercedes Platinum + Revolver = Stack rewards?

Postby BYTech » Wed Jun 22, 2016 12:38 am

Just wanted to provide an update. I received my $1,000 certificate a few days ago after meeting the $5,000 spend requirement.

In the terms of the fine print, I found something interesting "The certificate cannot be combined with the Fleet program, but may be eligible for use in combination with other Mercedes Benz programs in place at the of your purchase or lease". This give me hope that I can stack it with $500 certificate from my Mercedes credit card.

I never received a clear answer from my dealership and MBUSA/Amex said I can use both certificates so hopefully it works out.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)



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