I apologize if there's been similar threads on this topic in the recent past, but was hoping for some good advice. I've had the AMEX gold premiere rewards gold card for about a year now, and the annual fee is about to hit the account soon, as my statement for this month hasn't been issued yet. However, I recently received an offer in the mail from AMEX to upgrade my card to the platinum.
Obviously, the $450 AF has caused me to really wonder whether it's worth doing or not, especially since some benefits were recently lost. Routinely, I only spend somewhere b/t $1-$2k a month on credit cards, always PIF, on just normal basic things, like utilities, groceries, gas, restaurants, etc. I only travel about a few times a year, mostly due to time constraints. Thus, I'm thinking that this card is probably not worth the AF.
However, I would greatly appreciate any thoughts or suggestions on this point from you guys. Thanks again.
UPDATE: After consulting with how the AF would be billed on my account, I decided to go ahead and make the upgrade for now and try it out. I was planning on applying for global entry anyways, so this benefit alone pushed me to go forward. I was told that the AF would be billed in about 45 days, and if I were to cancel or downgrade during that time, I'd receive a full refund if done within 30 days of the statement being issued. I know that despite the rep telling me this, there's a possibility they were misinformed and I might have to pay one or two months worth if I decide to cancel. Since I've already gotten credit for the $100 global entry, I'm willing to risk it. I tried the concierge a couple of times thus far, and it seems pretty good overall. Sitll not sure that the $450 AF will be worth all this, but I'll take it out for a test drive and decide what to do from there. Thanks for your avice everyone!
