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I'd think the Platinum is probably still the best deal in your case... Also, I would imagine that Customer Service with your level of spend would be top notch as well...
You should call when the AF is due and tell them you are thinking of cancelling.. wonder what type of retention bonus you could end up with?
I assume you get it all back in benefits. You would have to research exactly how so, but that card is like the Holy Grail of credit cards. Someone correct me if I am wrong.
If this spend is all in flights, why don't you use EDP or PRG for dining/gas/groceries for more points. Is it possible to transfer points from other accounts? I would focus on most points instead of spending it all on one card.
@Anonymous wrote:I assume you get it all back in benefits. You would have to research exactly how so, but that card is like the Holy Grail of credit cards. Someone correct me if I am wrong.
If this spend is all in flights, why don't you use EDP or PRG for dining/gas/groceries for more points. Is it possible to transfer points from other accounts? I would focus on most points instead of spending it all on one card.
The Centurion card is certainly not viewed as highly as it once was. There are cards that have as much if not better benefits such as the CSR and even the Platinum to some extent. It really is a card designed more to impress than provide actual benefits. Might want to read forums like FlyerTalk where the card is discussed and the numerous holders that have cancelled the card due to lack of beneifts vs the cost of the card.
@Anonymous wrote:
If this is cosumer spending, you could do what I personally do.. have the Platinum primarily for the benefits and airfare charges and use the AMEX Everyday Preferred as my daily card (getting that 50% bonus every month) since the rewards all pool together everyway.
This exactly. You'd get 50% bonus on the EDP. If any of it is for business, the enhanced business platinum would then offer you a 50% rebate on all flights booked through amex travel. It is a nice setup for some people as well as the business rewards gold for added point earning potential categories. You also wouldn't have to worry about transferring points to partners and being stuck with big amounts of fuel surcharges, or dealing with lack of availability of award seats.
i also noticed recently that amex has membership rewards insider fares. They had american and united flights for around 1.2 cents per point. Using the EBP you'd always get double that, as well as 10 inflight wifi passes worth $150-$600.....
@Anonymous wrote:
Should I continue to use the Amex platinum? This past year I managed o rack up 500k+ in spending. This year I'm projected to spend around 900k. We spend in airfare around 243k so now with the 5x I should see close to 1.5M points by the end of the year. My question is, I just finished an app spree with 44k in new credit lines. Should I continue to use the Amex or should I look to another card ?
18 Inq
TransUnion 680
Equifax 650
Experian 667
If you're going to get 1.5M points by the end of year, then you need to get the Biz Platinum. Assuming all points are used for airfare, that would give you 3 Million points. I would suck up that small annual fee for double points when raking in THAT many. I use my EDP for my "other" category, gas, and groceries since the return is better. I only use my Plat for airfare and I use my Biz Plat to pretty much double the points that I'm getting.
The only thing that sticks out to me on the Centurian card would be the Delta status. While I do fly a decent amount for someone who doesn't fly for work, that diamond status (I believe?) would be nice. I wouldn't dish that amount though unless I was, of course, rich like that lol
I see everyone recommending cards but the average spend per month is 75k. Ladies and Gentlemen, if he used EDP or another CC he would have to make payments daily or several weekly just to keep availability or OP couldn't even make some purchases because of a limit.
This is why Amex has a niche with their charge cards, IMO. With a OP's score I really don't know how much revolving line OP would get on a single card.
PRG or BRG is an option.