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AMEX PLATINUM !

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New Member

Re: AMEX PLATINUM !


pipeguy wrote:

IMO $550 a year (year after year) for a "Platinum" where you can't recover at least that amount in real benefits (so-called prestige is NOT a benefit) is a foolish move. If you are just in the mood for an AmEx there are no AF cards and "AmEx Network" logo'd cards that fit that picture. 

hm ok?

 

Message 21 of 29
Established Contributor

Re: AMEX PLATINUM !


LukeIronWall wrote:

pipeguy wrote:

IMO $550 a year (year after year) for a "Platinum" where you can't recover at least that amount in real benefits (so-called prestige is NOT a benefit) is a foolish move. If you are just in the mood for an AmEx there are no AF cards and "AmEx Network" logo'd cards that fit that picture. 

hm ok?

 


Annual Fee: $550

Annual Uber Credit: $200

Annual Airline Reimbursement: $200

Annual Effective Annual Fee: $150

Use the card and get MR points which you can transfer to travel partners for airline miles or hotel stays: Unlimited

 

The annual fee is not an issue for those of us who take advantage of the perks. They way I use the card, AMEX PAYS ME effectively to carry the card. I get MORE than $550 back annually in REAL rebates/awards/cash which pays for the card.


June 2018 - EX 755 | EQ 778 | TU 756
Message 22 of 29
New Member

Re: AMEX PLATINUM !

you're in luck friend, things freed up at work.. 

 

I don't know exactly where to start here..

I personally see benefits that would offset the cost of the AF for me .. otherwise why get it??

Now if YOU don't see the value in this card, then it doesnt mean "it's a foolish move" it just means you don't see the value of it .. kinda making you the foolish one.

 

I'll give you my break down so you can stop assuming it's a logo fetish of some sort ..

 

I'm 26 years old, my mother is Brazilian and my dad is German, so at the very least, I HAVE to travel internationally at least twice a year to see family and stuff and then I usually try to take a trip or 2 for myself as well.. oh AND I fly out of LGA a LOTTT

The amount I spent on airport food on these trips would honestly cover the $500 AF alone .. eaaasily, possibly even save me money.

I take Ubers here, in Brazil and Germany quite a bit, well over $600 a year .. also easily. that's another half of the AF right there.

Did I mention I fly often? I purchase my tickets.  The credit annually for tickets would also cover about half the AF.

Oh and 5X point on flights and Hotels when booked right could amount to over the AF.

I mention I fly frenquely, right?  TSA pre check for free ? sweet .. I think they're $100, so 1/5 of the AF rt.

..among other benefits ..those alone would save me a TON of money.

Message 23 of 29
New Member

Re: AMEX PLATINUM !


RicHowe wrote:

The annual fee is not an issue for those of us who take advantage of the perks. They way I use the card, AMEX PAYS ME effectively to carry the card. I get MORE than $550 back annually in REAL rebates/awards/cash which pays for the card.

haha just posted that ..

Message 24 of 29
New Member

Re: AMEX PLATINUM !

IDK why this post was taken down.. 

 

I don't know exactly where to start here..

I personally see benefits that would offset the cost of the AF for me .. otherwise why get it?

Now if YOU don't see the value in this card, then it doesn't mean "it's a foolish move" it just means you don't know how to use it .. and that's a foolish move.

 

I'll give you my break down so you can stop assuming it's a logo fetish of some sort ..

 

I'm 26 years old, my mother is Brazilian and my dad is German, so at the very least, I HAVE to travel internationally at least twice a year to see family and stuff and then I usually try to take a trip or 2 for myself as well.. oh AND I fly out of LGA a LOTTT

The amount I spent on airport food on these trips would honestly cover the $500 AF alone .. eaaasily, possibly even save me money.

I take Ubers here, in Brazil and Germany quite a bit, well over $600 a year .. also easily. that's another half of the AF right there.

Did I mention I fly often? I purchase my tickets.  The credit annually for tickets would also cover about half the AF.

Oh and 5X point on flights and Hotels when booked right could amount to over the AF.

I mention I fly frenquely, right?  TSA pre check for free ? sweet .. I think they're $100, so 1/5 of the AF rt.

..among other benefits ..those alone would save me a TON of money.

Message 25 of 29
Regular Contributor

Re: AMEX PLATINUM !

This all comes down to basic math. If you fly a lot to take care of the benefits the card offers, by all means get the card. If you want it just because you think it’s cool, that’s the dumbest thing on planet Earth. Not knowing if you are a jet setter type who travels I can’t say or not if it’s a good deal for you. So my advise is if you fly a lot and use the things they offer for the $455 fee, get it. If not then don’t get the card. Prestige reasons would be stupid. And anyone on here would agree with that. Good luck whatever you decide.



Starting Score: 600
Current Score: Exp = 703 Tran = 706 Equ = 710
Goal Score: 800


Take the myFICO Fitness Challenge
AAoA Exp = 12.2 Equ = 7.5 Tra = 7.4
Inquiry Exp = 1 Equ = 0 Tra = 2
Message 26 of 29
Established Contributor

Re: AMEX PLATINUM !


Benmarkley3 wrote:

 If you want it just because you think it’s cool, that’s the dumbest thing on planet Earth.


I strongly disagree. 550 bucks is a small price to pay to be cool.  Much cheaper than a corvette.

Message 27 of 29
Senior Contributor

Re: AMEX PLATINUM !

What I said and stand by is if you don't see greater benefits meaning in excess of the annual fee then it's a foolish move.

As an aside I used to carry several amex platinum cards when I traveled a lot for my business. At that time you had to be invited to get a platinum and the annual fee was $300 might have been $350. At that time I ran several hundred thousand dollars a year through the cards and the benefits were worth it. Today amex offers the card to anyone with good credit aka 680 willing to pay the annual fee.

If you see the value great but if it's for ego I can think of better things to do with $550.

 

Edits: typos using my phone.

Message 28 of 29
Regular Contributor

Re: AMEX PLATINUM !

No throwing away any money is stupid..... Just to be in the “in” crowd shows a lack of self worth to me.



Starting Score: 600
Current Score: Exp = 703 Tran = 706 Equ = 710
Goal Score: 800


Take the myFICO Fitness Challenge
AAoA Exp = 12.2 Equ = 7.5 Tra = 7.4
Inquiry Exp = 1 Equ = 0 Tra = 2
Message 29 of 29