topic Re: AMEX Platinum- is it worth is? in Credit Cards

AMEX Platinum- is it worth is?

Anonymous — Sun, 17 Aug 2014 22:21:11 GMT

Thinking of applying for this card, is it still worth it?

Re: AMEX Platinum- is it worth is?

Closingracer99 — Sun, 17 Aug 2014 22:22:07 GMT

@Anonymous wrote:
Thinking of applying for this card, is it still worth it?

Are you going to use the perks which it is really good for?

Re: AMEX Platinum- is it worth is?

Anonymous — Sun, 17 Aug 2014 22:25:30 GMT

I will surely try, but im reading alot of pro's and con's so far. Im torn.

@Closingracer99 wrote:
@Anonymous wrote:
Thinking of applying for this card, is it still worth it?
Are you going to use the perks which it is really good for?

Re: AMEX Platinum- is it worth is?

Closingracer99 — Sun, 17 Aug 2014 22:26:40 GMT

@Anonymous wrote:
I will surely try, but im reading alot of pro's and con's so far. Im torn.
@Closingracer99 wrote:
@Anonymous wrote:
Thinking of applying for this card, is it still worth it?
Are you going to use the perks which it is really good for?

it is a MR reward card earner + you get perks which i forgot but like airport lounges and stuff. IF you plan on travling a lot and using them then i would say yes. If not the PRG might be a better choice?

Re: AMEX Platinum- is it worth is?

Kenny — Sun, 17 Aug 2014 22:28:31 GMT

I know you meant well with this type of post, but honestly there's no way to answer this appropriately for you. To accurately answer it, we need to know more about you. Worth is extremely subjective anyway. What are your habits? Does a charge make sense for you? Do you travel a lot? Which offer are you going to sign up for if you decide to app for the platinum. These are all things to think about. I'd love to be helpful, but it's such a wide open question that there's nowhere to go with it without it being not really true to YOUR situation.

Re: AMEX Platinum- is it worth is?

Anonymous — Sun, 17 Aug 2014 22:33:00 GMT

I apologize for being vague.

I travel alot not for work anymore just for leisure.

I try to travel at least once per quarter either intl or domestic. So the lounge is enticing.

I have the PRG already btw.

@KennyRS wrote:
I know you meant well with this type of post, but honestly there's no way to answer this appropriately for you. To accurately answer it, we need to know more about you. Worth is extremely subjective anyway. What are your habits? Does a charge make sense for you? Do you travel a lot? Which offer are you going to sign up for if you decide to app for the platinum. These are all things to think about. I'd love to be helpful, but it's such a wide open question that there's nowhere to go with it without it being not really true to YOUR situation.

Re: AMEX Platinum- is it worth is?

Kenny — Sun, 17 Aug 2014 22:38:20 GMT

If you do travel once per quarter, I don't see why it wouldn't be worth getting the card, at least for one year.. There is an Ameriprise offer out right now that has the first year annual fee waived. There is also a MR bonus of 25k after $3,000 spent in the first 3 months. If you app soon you can get the $200 in credit each year for Airline expenses. That's a pretty enticing portion of the card. Also, after each 20k is spent then there is a 5k MR bonus.

To each their own though.. does that sound like this offer sounds right for you?
https://www.ameriprise.com/cash-cards-and-lending/cards/platinum-card-from-american-express.asp

Re: AMEX Platinum- is it worth is?

Kenny — Sun, 17 Aug 2014 22:39:03 GMT

@Anonymous wrote:
I apologize for being vague.

I travel alot not for work anymore just for leisure.

I try to travel at least once per quarter either intl or domestic. So the lounge is enticing.

I have the PRG already btw.
@KennyRS wrote:
I know you meant well with this type of post, but honestly there's no way to answer this appropriately for you. To accurately answer it, we need to know more about you. Worth is extremely subjective anyway. What are your habits? Does a charge make sense for you? Do you travel a lot? Which offer are you going to sign up for if you decide to app for the platinum. These are all things to think about. I'd love to be helpful, but it's such a wide open question that there's nowhere to go with it without it being not really true to YOUR situation.

No need to apologize, by the way! The more info given at first the better your responses will be.. and more timely, as well. (to me.)

Re: AMEX Platinum- is it worth is?

Anonymous — Sun, 17 Aug 2014 22:51:13 GMT

the ameriprise offer is that the same amex platinum not a cobranded product like the mbenx platinum?

and there is a 15K MR points difference between the offer which minimally translates to150$ which the 450$ waived fee ameriprise offers trumps.

Re: AMEX Platinum- is it worth is?

Kenny — Sun, 17 Aug 2014 22:54:44 GMT

@Anonymous wrote:
the ameriprise offer is that the same amex platinum not a cobranded product like the mbenx platinum?

and there is a 15K MR points difference between the offer which minimally translates to150$ which the 450$ waived fee ameriprise offers trumps.

It is the same card.. the only difference is there is a very small Ameriprise on the back right corner. (I believe it's the right, my card is in the car.)

Re: AMEX Platinum- is it worth is?

Anonymous — Sun, 17 Aug 2014 23:00:24 GMT

hmmm interesting that detail kinda gets me.haha

Re: AMEX Platinum- is it worth is?

Kenny — Sun, 17 Aug 2014 23:06:51 GMT

@Anonymous wrote:
hmmm interesting that detail kinda gets me.haha

As in it makes you not want to get it? lol

Re: AMEX Platinum- is it worth is?

Anonymous — Sun, 17 Aug 2014 23:25:39 GMT

Kinda no!lol but I will for $450 less lol

I assume it's the same underwriting criteria

Re: AMEX Platinum- is it worth is?

Kenny — Sun, 17 Aug 2014 23:26:31 GMT

@Anonymous wrote:
Kinda no!lol but I will for $450 less lol

I assume it's the same underwriting criteria

Same as any charge card.

Re: AMEX Platinum- is it worth is?

Anonymous — Sun, 17 Aug 2014 23:58:33 GMT

The major reason why some are more negative is the reduction of specific benefits, and these really need to part of the decision. So, now there is no AA lounge access. If the attraction of the lounge access included AA, then now not so good. If not...

Re: AMEX Platinum- is it worth is?

B335is — Mon, 18 Aug 2014 01:03:41 GMT

I was seriously considering the Ameriprise offer, but I really don't travel enough to get enough out of it. More importantly, since Amex is limiting bouses to 1 per lifetime, I'm holding out for a 100k offer on the Platinum. I just know I'd be kicking myself if I went for the Ameriprise deal and two months down the road Amex put out a sweeter offer.

Re: AMEX Platinum- is it worth is?

Anonymous — Mon, 18 Aug 2014 01:46:05 GMT

Definitely worth it to try at least for 1 year

If you go with the Ameriprise version, there's no annual fee

Even if you go with the regular version, for $450, you'll get the $200 airline fees back (twice before the 2nd annual fee hits), $100 for GOES, and hopefully the MR bonus

Tack on the fact that you travel often and will get to use the lounge benefits and it's a no brainer to try it out for 1 yr

Got mine a month ago and loving it. I've redirected all my spend to it for now as I decide whether I'll keep it long term or not. I have a big purchase planned soon and appreciate the expanded spending power on this card as compared to my other credit cards (nearly double : 30k as compared to a credit limit of 15k)

Re: AMEX Platinum- is it worth is?

Kenny — Mon, 18 Aug 2014 01:48:06 GMT

@B335is wrote:
I was seriously considering the Ameriprise offer, but I really don't travel enough to get enough out of it. More importantly, since Amex is limiting bouses to 1 per lifetime, I'm holding out for a 100k offer on the Platinum. I just know I'd be kicking myself if I went for the Ameriprise deal and two months down the road Amex put out a sweeter offer.

According to a post on FT this 100k Platinum offer is available whenever you want it.. all you have to do is call and say the right words. lol (see post on FT.) Think there's a 10k min spend though.

Re: AMEX Platinum- is it worth is?

Anonymous — Mon, 18 Aug 2014 01:48:31 GMT

@B335is wrote:
I was seriously considering the Ameriprise offer, but I really don't travel enough to get enough out of it. More importantly, since Amex is limiting bouses to 1 per lifetime, I'm holding out for a 100k offer on the Platinum. I just know I'd be kicking myself if I went for the Ameriprise deal and two months down the road Amex put out a sweeter offer.

You are right! I think I will wait for the 100K offer of it do come anytime soon? Didn't it come out around fall last year? I might be wrong though.

Re: AMEX Platinum- is it worth is?

Kenny — Mon, 18 Aug 2014 01:49:16 GMT

@Anonymous wrote:
@B335is wrote:
I was seriously considering the Ameriprise offer, but I really don't travel enough to get enough out of it. More importantly, since Amex is limiting bouses to 1 per lifetime, I'm holding out for a 100k offer on the Platinum. I just know I'd be kicking myself if I went for the Ameriprise deal and two months down the road Amex put out a sweeter offer.
You are right! I think I will wait for the 100K offer of it do come anytime soon? Didn't it come out around fall last year? I might be wrong though.

The one he's speaking of usually is a personal invitation that comes in the mail.