Is the Amex Platinum Worth It?

[Anonymous]

Considering most sub on platinum seen is 100k, I would not pull trigger for 60k sub offer. Lol

You really have to do the math and see if it makes sense. Platinum is not for everyone.

[355F1]

Ugh....

Super jelly.


All I get is the opportunity to upgrade my Gold without any bonus.

[SouthJamaica]

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@Anonymous wrote:
I currently have the Amex Gold and I really like it. The rewards have been worth much more than the $250 annual fee. Amex sent me an email about a 25k point offer to get the platinum. Is it worth it? The $300 extra seems like a lot.

Edit:
The offer was for an upgrade

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If you really like the Gold card I think you should just stay with it.

I have a Gold card and don't really like it. I used to have a business platinum card, and didn't really like that either.

[Cred4All]

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@Anonymous wrote:

Platinum is a travel card, pure and simple. Gold is a daily driver. Look at the rewards structures to see that. If you fly a lot and value lounge access, Plat can be a great card. If not, Gold is likely a better fit. There is some crossover but in a nutshell that's the distinction.

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Agree with this completely.  I have the Platinum and can say it's 110% solely for the perks of travel ie: Lounges w/ Amex, lounges with Priority Pass, Delta Sky Club, 5x points for Delta and so on.  I would not possess this personally myself if part of my life wasn't spent on moving walkways and tunnels in the sky. If you travel, totally worth it.

[Anonymous]

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@Anonymous wrote:
Thanks. That makes sense. I’ll probably pass unless they offer me something closer to 60k points.

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I don't have either card, but if you would go for Platinum for 60K SUB, you could call them and say you'd upgrade for 60K. They could say they can check on it. The worst they can say is no.

[MediumReputation]

Based on your questions and comments about spend, it doesn't seem like the card for you.

I travel enough per year that lounge access, airline incidentals, uber credits, etc. offset the annual fee for me.  In your situation, it sounds like you will get far more value from the Gold card (this is my daily driver, all spend goes on it for me).

[Jccflat]

Gold is the best as I do for 50k a year In grocery in work alone and I am a AU on 2 family members so I get the 4X Grocery For 50k
I think the platinum is good For a heavy traveler correct me if I’m wrong anybody?

[Anonymous]

Nothing to correct, you’re right.

[UncleB]

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@Jccflat wrote:
Gold is the best as I do for 50k a year In grocery in work alone and I am a AU on 2 family members so I get the 4X Grocery For 50k
I think the platinum is good For a heavy traveler correct me if I’m wrong anybody?

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I would just change 'traveler' to 'one who flies often', since that's where the Platinum shines (airport lounges and 5x MRs for airfare).

For someone who travels but seldom flies (like myself) the Platinum is not a good match, since there's no overall 'travel' multiplier to cover hotels, car rentals, etc.  (Note that the Platinum does provide 5x on prepaid hotels via Amex Travel, but I've personally never known anyone who booked this way.)

[Aim_High]

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@UncleB wrote:

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@Jccflat wrote:
platinum is good For a heavy traveler

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I would just change 'traveler' to 'one who flies often', since that's where the Platinum shines (airport lounges and 5x MRs for airfare).

For someone who travels but seldom flies (like myself) the Platinum is not a good match

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^ +1

Which is exactly why the Chase Sapphire Reserve is a better fit for the general-purpose traveler like myself who spends as much or more on hotels, rental cars, tolls, and other travel-related expenses than he does on airfare.  Platinum is great for the frequent business flyer.  Gold is good for dining/daily driver.  CSR with 3 pts (4.5 UR) on dining plus 3 pts (4.5 UR) on a wide range of travel covers both niches well.