- Centurion Member
- Posts: 106
- Joined: Wed Apr 03, 2013 3:16 am
- Location: nyc/ny
the point conversion rate for the AmEx platinum card is stupid. i went to Miami last September and stayed at The Perry hotel, my employer paid for my stay with his AmEx Busines Platinum. the cost for my room was $670 for 2 nights and AmEx took 100k points to book it! total rip off.
plus amex ended partnerships with several airlines, which forces you to transfer points at an insane penalty. they also took their bonus point mall offline, so there is no way to earn bonus points anymore. you only get 1 point/$ now.
i would personally just pick up a Chase Sapphire Preferred or CapitalOne Venture (which is what i did) and you will be better off.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL
Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.