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Senior Contributor
Booner72
Posts: 3,889
Registered: ‎05-24-2011
0

Re: Amex platinum not so impressive anymore

I don't know about anyone else, but my credit union Visa has rewards to get cool stuff (trips, airline miles, stuff) and the interest rate is super low at 8.25% - well, relatively low compared to store cards, and since I have a 2005 BK I'm ineligible for any of the really cool cards. I'm happy with my Platinum Visa from the credit union and advise others to look into these not-mentioned-often credit cards.
STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Contributor
Alcibiades
Posts: 114
Registered: ‎05-17-2011
0

Re: Amex platinum not so impressive anymore


FutureBillionaire wrote:

ztnjpv wrote:

The Platinum is not designed for the sheer points seeker. Its benefits elsewhere in terms of perks for travel. If you use the card for what it can really offer, it more than pays for the AF. 


More than pays for the annual fee?  I don't think that math adds up.


Annual fee: $450

For that you get

 

$200 in airline fee credits (I have used this this year to for a change fee and for a "miles booster" with Delta)

Delta, American and US Air lounge access (generally costs about $450 annually)

Priority Pass Select (probably worth $50 or so)

Global entry fee reimbursement (this is $100, but it is a one time expense, so you may not count this as an ongoing benefit)

Starwood Gold status (some undetermined monetary value)

Other platinum perks (Fine Hotels and Resorts, etc)

 

If you travel frequently, the card does pay for itself through the fee credits and the lounge access. It's a comparable card to Chase's United Cub card, which also costs $400

 

Established Contributor
shakalaka
Posts: 567
Registered: ‎09-10-2012
0

Re: Amex platinum not so impressive anymore

[ Edited ]

Alcibiades wrote:

FutureBillionaire wrote:

ztnjpv wrote:

The Platinum is not designed for the sheer points seeker. Its benefits elsewhere in terms of perks for travel. If you use the card for what it can really offer, it more than pays for the AF. 


More than pays for the annual fee?  I don't think that math adds up.


Annual fee: $450

For that you get

 

$200 in airline fee credits (I have used this this year to for a change fee and for a "miles booster" with Delta)

Delta, American and US Air lounge access (generally costs about $450 annually)

Priority Pass Select (probably worth $50 or so)

Global entry fee reimbursement (this is $100, but it is a one time expense, so you may not count this as an ongoing benefit)

Starwood Gold status (some undetermined monetary value)

Other platinum perks (Fine Hotels and Resorts, etc)

 

If you travel frequently, the card does pay for itself through the fee credits and the lounge access. It's a comparable card to Chase's United Cub card, which also costs $400

 


Exactly right, it all depends what you use it for. I believe one can always discuss every card and it perks. I have the Platinum since January and it already has paid back the AF ... not counting the sign up bonus and the bonus for adding pay over time ...

 


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (24,800) | Discover IT (12,700) | Chase Freedom (6,300) | Walmart (4,500) | CapOne (4.000) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 758 (10/12) EQ 724 (10/22) EX 748 (12/5)

Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Amex platinum not so impressive anymore


FutureBillionaire wrote:

ztnjpv wrote:

The Platinum is not designed for the sheer points seeker. Its benefits elsewhere in terms of perks for travel. If you use the card for what it can really offer, it more than pays for the AF. 


More than pays for the annual fee?  I don't think that math adds up.


If you're not the target audience of the card, it won't add up for you. However it will add up and then some for others.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Valued Contributor
Dustink
Posts: 3,097
Registered: ‎10-02-2012
0

Re: Amex platinum not so impressive anymore

[ Edited ]

Alcibiades wrote:

FutureBillionaire wrote:

ztnjpv wrote:

The Platinum is not designed for the sheer points seeker. Its benefits elsewhere in terms of perks for travel. If you use the card for what it can really offer, it more than pays for the AF. 


More than pays for the annual fee?  I don't think that math adds up.


Annual fee: $450

For that you get

 

$200 in airline fee credits (I have used this this year to for a change fee and for a "miles booster" with Delta)

Delta, American and US Air lounge access (generally costs about $450 annually)

Priority Pass Select (probably worth $50 or so)

Global entry fee reimbursement (this is $100, but it is a one time expense, so you may not count this as an ongoing benefit)

Starwood Gold status (some undetermined monetary value)

Other platinum perks (Fine Hotels and Resorts, etc)

 

If you travel frequently, the card does pay for itself through the fee credits and the lounge access. It's a comparable card to Chase's United Cub card, which also costs $400

 


Pretty sure priority pass would be more than $50. It includes Alaska lounge access, and Alaska charges $50 per visit if you aren't a member.

 

I set Alaska as my $200 reimbursement. To put it simply, they didn't just reimburse incidentals. They covered anything that had anything to do with Alaska.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Amex platinum not so impressive anymore


Dustink wrote:

Alcibiades wrote:

FutureBillionaire wrote:

ztnjpv wrote:

The Platinum is not designed for the sheer points seeker. Its benefits elsewhere in terms of perks for travel. If you use the card for what it can really offer, it more than pays for the AF. 


More than pays for the annual fee?  I don't think that math adds up.


Annual fee: $450

For that you get

 

$200 in airline fee credits (I have used this this year to for a change fee and for a "miles booster" with Delta)

Delta, American and US Air lounge access (generally costs about $450 annually)

Priority Pass Select (probably worth $50 or so)

Global entry fee reimbursement (this is $100, but it is a one time expense, so you may not count this as an ongoing benefit)

Starwood Gold status (some undetermined monetary value)

Other platinum perks (Fine Hotels and Resorts, etc)

 

If you travel frequently, the card does pay for itself through the fee credits and the lounge access. It's a comparable card to Chase's United Cub card, which also costs $400

 


Pretty sure priority pass would be more than $50. It includes Alaska lounge access, and Alaska charges $50 per visit if you aren't a member.

 

I set Alaska as my $200 reimbursement. To put it simply, they didn't just reimburse incidentals. They covered anything that had anything to do with Alaska.


+1. I think the standard priority pass (lowest level) is $100 plus $27 per entry, so it'd be well over $50.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Amex platinum not so impressive anymore

If I am not wrong, the Amex Platinum cards gets you free upgrades at Venetian / Palazzo hotels worldwide.

Assuming you're a frequent patron of those hotels (applies to Macau location too I think), and that you often stay at those upgraded suites, the AF will pay for itself after a few nights of stay at those hotels.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

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