Originally Posted by
jamesteroh
Agree. As long as the war warriors are using the Am Ex card for their primary spend Am Ex is making out. Most war warriors aren't going to be drinking a lot and if they are upgraded when things are normal with meal service will probably eat in flight. Each lounge visit means a business trip which means airfare, hotel, meals, etc are being charged. In my case I prefer the Chase Sapphire card since I have a $14Kish parking charge I can expense every month that codes as travel with chase and would rather have all my points there, especially since I can use PYB at home improvement stores right now.and am hoping to accumulate enough to pay for a new central air unit since they extended it but a lot of the the business Am Ex travel card holders have to use that card.
I think you stated your case well. If you use AmEx Platinum only for lounge and air tickets, and use your Chase Sapphire for parking and other travels, then AmEx does not make much from you. And we all know other than FHRs, most of us only use hotel CCs to charge hotels. So we earn the elite status. It will be even dumb and dumber to charge hotels on AmEx Platinum card.
I believe AmEx makes the most $$ from the corporate charge cards. All employees use the same AmEx corporate cards for all spending. Then they are charged to corporate account, along with any rewards points those cards earn. Employees earn no points. AmEx still earns all swipe fees. AmEx also provides travel services for those corporates.