topic Re: AMEX platinum triple dip in Credit Cards

AMEX platinum triple dip

Anonymous — Fri, 16 Nov 2018 19:18:28 GMT

Anyone know when is the best time in November/December to apply for the AMEX platinum airline credit triple dip?

dip 1 - this year

dip 2 - next year

dip 3 - following year and cancel right away

Re: AMEX platinum triple dip

Anonymous — Fri, 16 Nov 2018 19:41:44 GMT

@Anonymous wrote:
Anyone know when is the best time in November/December to apply for the AMEX platinum airline credit triple dip?
dip 1 - this year
dip 2 - next year
dip 3 - following year and cancel right away

They overnight it to you so you don't have to wait long for the card. You have 30 days when the annual fee hits. I would think around December 15th would be good as you are supposed to wait a couple of days after setting your airline choice for it to go into effect. And it takes a couple of days for the credit to go through. So if you charge on January 1, 2020 and it takes a few days for the charge to be credited you should still be good.

Re: AMEX platinum triple dip

Anonymous — Fri, 16 Nov 2018 19:54:10 GMT

Btw, does the gift card reimbursement trick for American Airlines and Delta in $100 increments still work?

Re: AMEX platinum triple dip

Anonymous — Fri, 16 Nov 2018 20:24:44 GMT

If by triple dip you mean hitting the airline credit 3 times - I assume you mean waiting for the annual fee to drop, then when the calendar year switches you get the new credit, use it, then cancel the card within 30 days of that fee having dropped so that you get reimbursed. Personally I think you're playing with fire there, it's not the same as the double dip because since your 13 months (30 days after 12 months) must span 3 calendar years, you'd have to open in December then can close it the following January (13 months). Since your first year actually ends in December, I'm sure Amex won't take kindly to using a credit during the grace period of reimbursing your annual fee, then requesting your annual fee back on the grounds of the card "not providing value"...as you're actively trying to snake an extra $200 in AA gift cards.

If you want to legit milk it some more, hit the Saks credit a third time and hit the Uber credit a 13th time but open it in December so the Uber credit that's doubled is the $35 December credit. You'll get $500 + $285 that way. Not as good as the $500 + $400 you're looking for but this way is more legit (and efficient). Note I'm not saying what you're talking about definitely will get you in trouble with Amex, it just, to me, sounds like a good way to try to do that.

Hell if you *really* want to milk it get the Ameriprise plat, do all the above, then open another plat and close the Ameriprise - consider the Ameriprise year a giant sign up bonus

Re: AMEX platinum triple dip

redpat — Fri, 16 Nov 2018 20:33:27 GMT

Yeah, go ahead and milk them and you won't be getting anymore SUBs with them.

So do it at your own peril and hope it was worth it for a couple of hundred bucks, jeez.....

Re: AMEX platinum triple dip

marmaladepie — Fri, 16 Nov 2018 20:42:14 GMT

I tried the $100 Delta gc purchase two months ago and it DID NOT work. Had to go back and redo in $50 increments.

Re: AMEX platinum triple dip

Anonymous — Fri, 16 Nov 2018 21:51:34 GMT

@redpat wrote:
Yeah, go ahead and milk them and you won't be getting anymore SUBs with them.

So do it at your own peril and hope it was worth it for a couple of hundred bucks, jeez.....

200 dollars is 200 dollars. If you get the Amerprise version there is no sign up bonus anyway. I doubt this gets you on the no sign up bonus list. People are self-refering which seems something much more risky. This is using the card as designed and then cancelling. More likely they will just take longer to credit everyone's travel credits to prevent this.

Re: AMEX platinum triple dip

Anonymous — Fri, 16 Nov 2018 23:40:53 GMT

@redpat he's not technically doing SUB abuse and all together I don't think the AA they'd do is prevent him from getting SUBs - I think if they did an AA it'd be that they would just blacklist him. Even for the wheelers and dealers here, trying to triple dip the airline credit is just a little too egregious because you're taking advantage of the annual fee waiver grace period simply to squeeze out the other $200 in travel credits - which, btw, isn't even supposed to be used for gift cards in the first place (which is what I assume it'd be used for in this context). I'd say it's safer to milk the Ameriprise plat for year one then cancel it and open a vanilla plat than to try to just open the vanilla plat and triple dip the travel credit - even though the Ameriprise route will net more rewards

Re: AMEX platinum triple dip

Anonymous — Fri, 16 Nov 2018 23:43:21 GMT

Nothing wrong with taking advantage of what credit cards are offering. CC companies are also trying to take advantage of consumers' bad personal finance skills. That's the entire business model. So it should be looked at as a game to win - the overwhelming vast majority of people lose, so it's nice when a few people can win.

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 01:57:46 GMT

@marmaladepie wrote:
I tried the $100 Delta gc purchase two months ago and it DID NOT work. Had to go back and redo in $50 increments.

Yes, please always order $50 increments for GC. Worked for me for AA GC!

for OP: I dont know about triple dip. But double dip I think is good enough already, you got $400 GC without red flag from Amex for future relationship with them.

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 02:05:45 GMT

@dustinst22 I completely agree. But it is a game, and the banks are the game masters. Juicing value out of the banks is a subtle endeavor, due to the autonomous nature of these organizations, sometimes things that may naturally seem totally egregious to a consumer are completely ok with the issuer, yet something that seems benign can get your account closed.

So you have to know when to go in and when to hold back. If you push too hard youre more likely to draw unwanted attention to yourself and get an AA sooner. For the long play you want to stay more within the confines of their rules and just skate around the loopholes.

A great example here is actually the Amex Plat travel cred double dip vs triple dip. The double dip is completely fine, if they don't like it they'll eventually change it from calendar year to card membership year. But a triple dip requires taking advantage of the cancellation grace period, nabbing $200 from them, then claiming you don't get enough value from the card. When you consider it's a very small timeframe of application that even allows this to happen, yeah to me it's too risky of a move. But hey, it's a game after all, not like you'll actually go to jail if they stop you, and some people are willing to take more risks.

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 02:08:04 GMT

@Anonymous wrote:
@marmaladepie wrote:
I tried the $100 Delta gc purchase two months ago and it DID NOT work. Had to go back and redo in $50 increments.
Yes, please always order $50 increments for GC. Worked for me for AA GC!
for OP: I dont know about triple dip. But double dip I think is good enough already, you got $400 GC without red flag from Amex for future relationship with them.

I've always ordered $100 AA gift cards for multiple years and multiple Platinum cards and never had any problem getting reimbursed. $100 ones might be problematic for Delta cards but definitely not for AA.

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 02:46:10 GMT

Hey,

Ok, this is how I see it. You are pretty much destroying a “relationship” with Amex for a couple hundred bucks. I mean, it all depends on how you value that. If you don’t care, sure, do it BUT, I can see that you already have some AMEX cards and maybe in the future would like to get a CLI or get approved for new cards right? Well, it wouldn’t happen and all for a couple hundred bucks.

I would not recommend you to do that, you won’t be getting too much out of it when you consider the “whole thing”. Like it was mentioned before, keep the card and take advantage of all the other benefits but because of people that do that that CC companies keep on cutting on benefits because they, in the end of the day, have to pay for those credits that you would be getting and that cost get passed to us, legit customers. That could be actually an easy way to get into AMEX blacklist, so if that’s what you are secretly looking for, go for it!

I get that some people are saying here that this is a game and that the card was design for that and so on. I have to say that I disagree. First, this is only a game because THEY let you play. If they don’t give you a credit card, there’s no game to play.
Also, I bet that the card was not designed for that, taking advantage of the 30 grace period is not what the card was designed for. I also read here that CC companies do that all time, that they take advantage of people that can’t take care of their finances. Well, it’s not actually their fault, they offered you credit and you didn’t pay back, sorry, it’s not their fault. If you can’t/ don’t know how to use a CC, don’t get one or learn first and then get one. Easy.

Like I mentioned before, I don’t think that doing that is worth ruining a relationship with a bank that is willing to give you credit but this is me, we may have different opinions here.

Re: AMEX platinum triple dip

Brian_Earl_Spilner — Sat, 17 Nov 2018 02:45:37 GMT

@Anonymous wrote:
@redpat wrote:
Yeah, go ahead and milk them and you won't be getting anymore SUBs with them.

So do it at your own peril and hope it was worth it for a couple of hundred bucks, jeez.....
200 dollars is 200 dollars. If you get the Amerprise version there is no sign up bonus anyway. I doubt this gets you on the no sign up bonus list. People are self-refering which seems something much more risky. This is using the card as designed and then cancelling. More likely they will just take longer to credit everyone's travel credits to prevent this.

It's been shown multiple times that you can do this with the Ameriprise and then app for a normal Platinum and get the SUB for it.

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 03:04:03 GMT

There is zero difference between doing the triple dip and the double dip. Really if they wanted to stop the triple dip they could say once per calender year like other banks do.

Re: AMEX platinum triple dip

NRB525 — Sat, 17 Nov 2018 05:23:47 GMT

I am confused OP. Your siggy says you got the Platinum March 2018? So you have an airline credit to use in 2018, then one to use early 2019 if you so choose?

Not sure how you intend to triple dip with an existing Platinum, or trying to get a second?

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 18:37:00 GMT

Yeah, I think I'm confused now haha!

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 19:00:50 GMT

Maybe he's getting the Charles Schwab flavor. Amex seems to come out with new flavors of platinum every once in awhile.

Re: AMEX platinum triple dip

Anonymous — Sat, 17 Nov 2018 20:53:20 GMT

@Anonymous wrote:
@Anonymous wrote:
@marmaladepie wrote:
I tried the $100 Delta gc purchase two months ago and it DID NOT work. Had to go back and redo in $50 increments.
Yes, please always order $50 increments for GC. Worked for me for AA GC!
for OP: I dont know about triple dip. But double dip I think is good enough already, you got $400 GC without red flag from Amex for future relationship with them.
I've always ordered $100 AA gift cards for multiple years and multiple Platinum cards and never had any problem getting reimbursed. $100 ones might be problematic for Delta cards but definitely not for AA.

@Anonymous to know. Thank you @Anonymous