FlyerTalk Forums - View Single Post - AMEX Platinum strategy

Jun 17, 2019, 9:32 am

#2

radonc1

Join Date: Mar 2005

Programs: Continental Onepass, Hilton, Marriott, USAir and now UA

Posts: 6,438

Quote:

Originally Posted by JackHenry

I am qualified for AMEX Platinum 100K offer ($5K 3 mo spend). I have a 5K spend situation for my daughter coincidently that has come up where she will pay me back $500 / month. Considering grabbing Platinum and transferring balance to another card with a 15 month 0% balance transfer deal. Does this idea have any merit to grab the 100K and what would be best recommendation for a transfer card. Have been considering the Platinum Card for awhile anyway. Over 5/24 on Chase. Thanks

Assuming that 1) you can find a transfer card with the above qualifications for repayment, 2) your daughter will pay her money on time 3) you realize that the plat card comes with a $550 fee and 4) you can use the other benefits of the card to off-set the fee, then I think that this is a good strategy.

Reply