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Huge Amex Platinum Welcome Offer 230K+

K-in-Boston
Moderator

Huge Amex Platinum Welcome Offer 230K+

Saw this over at DOC.  

  • 75,000 Membership Rewards for $5,000 spend in six months.
  • 20% statement credit for the first $1500 of restaurant spend (up to $300) in first year.
  • 10X MRs on grocery and gas for the first $15,000 in six months!

While it would be a stretch for the average consumer to reasonably max out the gas and grocery spend, if one were to do all three above, that's potentially $300 and 231,500 Membership Rewards on top of the usual credits for $21,500 spend!   😮


https://www.doctorofcredit.com/american-express-platinum-75000-points-20-credit-on-restaurant-spend-...

 

Message 1 of 105
104 REPLIES 104
GrandBaker
New Contributor

Re: Huge Amex Platinum Welcome Offer 230K+

Wow! Awesome find. Thanks for sharing.




Message 2 of 105
wasCB14
Super Contributor

Re: Huge Amex Platinum Welcome Offer 230K+

I may go for this and then downgrade to Gold after a year.

 

My only hesitation is that I'll likely be unable to use the $200 airline extras credit for 2020. Or do any airlines still have eligible GCs that get the credit?

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 3 of 105
coldfusion
Community Leader
Super Contributor

Re: Huge Amex Platinum Welcome Offer 230K+

*sobs*   wow



(9/2021)
FICO 8 (EX) 804 (TU) 832 (EQ) 827
FICO 9 (EX) 827 (TU) 826 (EQ) 832

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 4 of 105
K-in-Boston
Moderator

Re: Huge Amex Platinum Welcome Offer 230K+


@wasCB14 wrote:

I may go for this and then downgrade to Gold after a year.

 

My only hesitation is that I'll likely be unable to use the $200 airline extras credit for 2020. Or do any airlines still have eligible GCs that get the credit?


Yeah, even if someone just puts their regular grocery and gas spend on it without playing RAT games, it's a pretty phenomenal deal.

 

With Delta, using the card to pay the remainder of an airfare purchase partially purchased with a gift card is still working to trigger the credit as it codes as fees rather than a ticket purchase.  For other airlines, I would suggest looking at FlyerTalk for recent data points.

Message 5 of 105
Remedios
Moderator

Re: Huge Amex Platinum Welcome Offer 230K+

Thanks in advance for half the threads for November 2021..."Do I cancel after AF posts", with other half being "It made sense till the SUB, can't make it work, never meant to make it work, retention offer anyone???" 

 

I'd imagine December 2021 will be "How long will I keep getting this stupid NO SUB FOR YOU" pop up. 

Message 6 of 105
K-in-Boston
Moderator

Re: Huge Amex Platinum Welcome Offer 230K+


@Remedios wrote:

Thanks in advance for half the threads for November 2021..."Do I cancel after AF posts", with other half being "It made sense till the SUB, can't make it work, never meant to make it work, retention offer anyone???" 

 

I'd imagine December 2021 will be "How long will I keep getting this stupid NO SUB FOR YOU" pop up. 


I'll start pre-emptive mega thread!

Message 7 of 105
wasCB14
Super Contributor

Re: Huge Amex Platinum Welcome Offer 230K+


@K-in-Boston wrote:

@wasCB14 wrote:

I may go for this and then downgrade to Gold after a year.

 

My only hesitation is that I'll likely be unable to use the $200 airline extras credit for 2020. Or do any airlines still have eligible GCs that get the credit?


Yeah, even if someone just puts their regular grocery and gas spend on it without playing RAT games, it's a pretty phenomenal deal.

 

With Delta, using the card to pay the remainder of an airfare purchase partially purchased with a gift card is still working to trigger the credit as it codes as fees rather than a ticket purchase.  For other airlines, I would suggest looking at FlyerTalk for recent data points.


I still have $70 of Delta 2020 extras on Schwab I was planning to trigger that way...and only that one possible flight before year end!

 

75k MRs is simple enough.

$300 in restaurant spend...more than makes up for not using a 2020 airfare extras credit. Adjust a little for alternative rewards on other cards.

~$600 conventional supermarket spend * 6 months = $3600 spend.

3600 * 7 = 25,200 MRs more than from EDP.

 

That comfortably beats a plain 100k offer for me.

 

Remind me...what's the rule about picking an airline for the extras credit on a new Platinum? Can I wait a few months to pick one, until I'm about ready to book?

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 8 of 105
NRB525
Super Contributor

Re: Huge Amex Platinum Welcome Offer 230K+

As long as you have not used any of the credit, you can switch airlines mid year. I recently switched my Gold airline from Delta to Alaska for an upcoming trip. So setting an unused new Platinum credit should be the same drill. 

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
Message 9 of 105
Loquat
Moderator

Re: Huge Amex Platinum Welcome Offer 230K+

This is indeed a really decent offer. Let's see downwind how many folks attempt to game this and the amount of claw backs to follow.
Message 10 of 105
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