topic Re: Amex Platinum vs Amex Mercedes Platinum in Credit Cards

Amex Platinum vs Amex Mercedes Platinum

MrCollector — Tue, 30 Jan 2018 16:27:05 GMT

Is there any downside to the Mercedes Platinum compared to the standard version? Thanks to Creditaddict, I'm thinking about PCing my Plat to the Mercedes Platinum since from what I can tell it's nearly identical with the added bonus of $100 in Mercedes accessories and a $1k voucher toward a new lease/purchase every year.

Just want to make sure I'm not losing out on any Platinum exclusive benefits by doing so.

Re: Amex Platinum vs Amex Mercedes Platinum

Anonymous — Tue, 30 Jan 2018 16:31:50 GMT

I just PC'd last week and I can assure you that the standard benefits remain. You won't be losing out on anything.

Re: Amex Platinum vs Amex Mercedes Platinum

Anonymous — Tue, 30 Jan 2018 16:41:41 GMT

Why PC? Can't you app for it since it's a different product and get the SUB?

Re: Amex Platinum vs Amex Mercedes Platinum

K-in-Boston — Tue, 30 Jan 2018 16:47:36 GMT

While the SUB would outweigh the AF for the first year, long-term it wouldn't make financial sense to have two personal Platinum cards. Hmmm, I didn't realize a PC to cobranded was possible. I may need to keep this in mind as I'm debating between M-B and BMW for the next car.

Re: Amex Platinum vs Amex Mercedes Platinum

Anonymous — Tue, 30 Jan 2018 16:49:37 GMT

wrote:
While the SUB would outweigh the AF for the first year, long-term it wouldn't make financial sense to have two personal Platinum cards. Hmmm, I didn't realize a PC to cobranded was possible. I may need to keep this in mind as I'm debating between M-B and BMW for the next car.

Wait, what?

You get the new MB Platinum with SUB. You cancel the old Platinum.

What's the downside here other than AAoA?

Re: Amex Platinum vs Amex Mercedes Platinum

K-in-Boston — Tue, 30 Jan 2018 16:55:48 GMT

Besides AAoA? Age of account, age of open accounts, number of new accounts last x months, etc... Headache of changing over elite loyalty programs... I'm sure there are more reasons. Of course the scoring part of that may or may not matter to a person. If someone were just finishing their first year with a Platinum card, then it's probably a fairly moot thing. Mine recently had her quinceañera, so she's not getting replaced.

Re: Amex Platinum vs Amex Mercedes Platinum

Anonymous — Tue, 30 Jan 2018 17:03:42 GMT

Great points, thanks!

Platinum is on my list right now for the next 18 months.

Re: Amex Platinum vs Amex Mercedes Platinum

simplynoir — Tue, 30 Jan 2018 17:17:47 GMT

Aren't there like 5-7 Platinum versions to choose from? And from my understanding the ones that have SUBs you can get it for all of them provided you don't mind the dings to your AAoA. I was thinking about this the other day when considering getting a personal Plat to SUB. If I could nab the personal and PC to the Schwab after the first year I would consider that for my situation.

Re: Amex Platinum vs Amex Mercedes Platinum

K-in-Boston — Tue, 30 Jan 2018 17:21:12 GMT

Mercedes-Benz, Schwab, Ameriprise, Morgan Stanley, and Goldman Sachs in addition to the vanilla personal and business cards. Just keep in mind that some of them require existing relationships and if you close your investment accounts you risk losing your MRs.

Re: Amex Platinum vs Amex Mercedes Platinum

Anonymous — Tue, 30 Jan 2018 17:21:53 GMT

Aren't MRs always safe if you have a non-Platinum card that is in the MR family?

Re: Amex Platinum vs Amex Mercedes Platinum

simplynoir — Tue, 30 Jan 2018 17:25:21 GMT

wrote:
Aren't MRs always safe if you have a non-Platinum card that is in the MR family?

Yes unless something changed with that. Why people nab an Everyday Card to park their MR rather than spend them when they can't find value.

Re: Amex Platinum vs Amex Mercedes Platinum

simplynoir — Tue, 30 Jan 2018 17:27:36 GMT

wrote:
Mercedes-Benz, Schwab, Ameriprise, Morgan Stanley, and Goldman Sachs in addition to the vanilla personal and business cards. Just keep in mind that some of them require existing relationships and if you close your investment accounts you risk losing your MRs.

Oh yeah I remember someone posting not too long ago learning the hard way about that.

Re: Amex Platinum vs Amex Mercedes Platinum

K-in-Boston — Tue, 30 Jan 2018 17:31:30 GMT

Yes as long as the points are banking in the same MR account they should be safe. I was referring to their strict SUB wording. Sorry I should have been clearer. To be safe I wouldn’t close any investment accounts while the card itself is still active, particularly in the first year.

Re: Amex Platinum vs Amex Mercedes Platinum

Saleen099 — Tue, 30 Jan 2018 17:49:01 GMT

https://www.doctorofcredit.com/different-flavors-of-the-american-express-platinum-card/

Re: Amex Platinum vs Amex Mercedes Platinum

MrCollector — Tue, 30 Jan 2018 19:40:08 GMT

wrote:
wrote:
While the SUB would outweigh the AF for the first year, long-term it wouldn't make financial sense to have two personal Platinum cards. Hmmm, I didn't realize a PC to cobranded was possible. I may need to keep this in mind as I'm debating between M-B and BMW for the next car.
Wait, what?

You get the new MB Platinum with SUB. You cancel the old Platinum.

What's the downside here other than AAoA?

I'm at 4/24. No new apps until I get the new premium Marriott/SPG card.

Re: Amex Platinum vs Amex Mercedes Platinum

MrCollector — Tue, 30 Jan 2018 19:40:59 GMT

wrote:
I just PC'd last week and I can assure you that the standard benefits remain. You won't be losing out on anything.

Did you have any issues with elite status with SPG/Hilton etc?