I was just wondering if any one of you with Centurion has the Platinum Credit Card with the 2% cash back as well. It makes sense to put some of our spend onto the Platinum which would pay off some of the £650 annual fee.
If you put £20,000 onto the Platinum you will get £400 cash back. Even with 2 points per pound you will only get 40,000 points which is worth less than £400
What do you think?
[This message has been edited by Vijian (edited Jan 08, 2004).]
Ex Amex Card
Jan 8, 04, 4:20 pm
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Vijian:
If you put £20,000 onto the Platinum you will get £400 cash back. Even with 2 points per pound you will only get 40,000 points which is worth less than £400</font>
Its not quite that good, you get cashback:
0.5% for up to £2,000
1% for amounts from £2,001 to £5,000
2% for amounts in excess of £5,000
So for your 20k spend you would "only" get £340. Which is nothing to be sneezed at.
Comparing this to the membership reward points, I spent £25,000 in a year on my gold Amex (1 point per 2 pounds - I wasn't going to pay £37 to join the 1 for 1 scheme!) and got enough points for a 1 hour flight from London to a major European city.
The flight I got was worth about £75, they wouldn't let me book the 6:30pm Friday flight time I wanted even though I could have booked the flight at the same price as the later flight they offered me.
After that I cancelled my Gold Card and they offered me a Platinum Charge Card upgrade (£275 annual fee please!). I asked about new Platinum Cashback card but they laughed and said it wasn't available yet.
They did stand by their offer to refund the Gold Card annual fees I had paid (£40/year) even though I canceled my Gold Card so credit where its due.
About 6 months later they offered me the Platinum Cashback Credit Card which is what I had asked them for several times. http://www.flyertalk.com/forum/rolleyes.gif
I could think of better things to spend my cashback on than the annual fee for a credit card though. http://www.flyertalk.com/forum/biggrin.gif