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Amex Platinum $500,000+ in spending.

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New Contributor

Amex Platinum $500,000+ in spending.

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
Amex Plat | Business Amex Plat | NFCU Cash Rewards $22,100 | Discover iT $1,000 | Capital One Plat $1750 | Capital One Quicksilver $2000 | Walmart SC $5000 | Amazon SC $4000 | Military Star Card $1750 NFCU CLOC $500 | NFCU PL $7500 |
42 REPLIES 42
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Valued Contributor

Re: Amex Platinum $500,000+ in spending.


@Alexortiz20 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

Is there a card with better rewards for airfare than Platinum...?

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!
Message 2 of 43
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New Contributor

Re: Amex Platinum $500,000+ in spending.

Don't think so. The valuation for points seems a little low compared to other cards like the csp
Amex Plat | Business Amex Plat | NFCU Cash Rewards $22,100 | Discover iT $1,000 | Capital One Plat $1750 | Capital One Quicksilver $2000 | Walmart SC $5000 | Amazon SC $4000 | Military Star Card $1750 NFCU CLOC $500 | NFCU PL $7500 |
Message 3 of 43
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Valued Contributor

Re: Amex Platinum $500,000+ in spending.

I think 5 MR are still more valuable than the 3 UR per dollar you'd get with CSR.

 

Obviously it depends on which transfer partners you use, but it sounds like Amex is the one for you.

Message 4 of 43
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Established Contributor

Re: Amex Platinum $500,000+ in spending.

I would call and say what you said to us. Request an invitation to upgrade to Centurion (Black) card

http://thepointsguy.com/2015/10/amex-centurion-black-card/

http://thepointsguy.com/2016/04/5-reasons-i-got-the-amex-centurion-card/

Message 5 of 43
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Frequent Contributor

Re: Amex Platinum $500,000+ in spending.


@Archange1 wrote:

I would call and say what you said to us. Request an invitation to Centurion (Black) card

http://thepointsguy.com/2015/10/amex-centurion-black-card/


 

Centurion will definitely give the flexibility given the huge spend amount. However, if he/she likes the rewards from the spend... I dont think Centurion card offers 5X on airfare, does it?

 


@wanderingbuilder wrote:

I think 5 MR are still more valuable than the 3 UR per dollar you'd get with CSR.

 

Obviously it depends on which transfer partners you use, but it sounds like Amex is the one for you.


Yeah it's up to you to value MR vs UR points - dont trust bloggers. 

 

Message 6 of 43
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Valued Contributor

Re: Amex Platinum $500,000+ in spending.

Get the Centurion so you can look like a baller! Haha jk!

Can you divide your spending across multiple cards or does it have to be only one?
Message 7 of 43
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New Contributor

Re: Amex Platinum $500,000+ in spending.

I just don't feel like paying 10k to get the centurion.
Amex Plat | Business Amex Plat | NFCU Cash Rewards $22,100 | Discover iT $1,000 | Capital One Plat $1750 | Capital One Quicksilver $2000 | Walmart SC $5000 | Amazon SC $4000 | Military Star Card $1750 NFCU CLOC $500 | NFCU PL $7500 |
Message 8 of 43
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New Contributor

Re: Amex Platinum $500,000+ in spending.

It's just easier that way to just use one card. Amex does a great deal to help me track my spending and the consierge is amazing.
Amex Plat | Business Amex Plat | NFCU Cash Rewards $22,100 | Discover iT $1,000 | Capital One Plat $1750 | Capital One Quicksilver $2000 | Walmart SC $5000 | Amazon SC $4000 | Military Star Card $1750 NFCU CLOC $500 | NFCU PL $7500 |
Message 9 of 43
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Established Contributor

Re: Amex Platinum $500,000+ in spending.

updated link to 2016

Message 10 of 43
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