Is lifetime Platinum worth this?

 
Old Aug 20, 03, 9:00 am
  #1  
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Is lifetime Platinum worth this?

I just recently crossed over the 1.5M mile mark. I have received 500,000 miles in the last 18 months, mostly through credit card purchases through a massive remodelling job of my office.

At the AA site, there is a place to purchase miles for your customers, clients, etc., with a 250,000 mile minimum for $6162.50. Factoring in the miles I would get for using my credit card, I would be paying 2.4 cents per mile for 250k miles. Doing this twice would net me lifetime Platinum.

I understand that the lifetime Platinum offer is unwritten and can be withdrawn at any time. I should not be charging as much in the future, so it may take me over 2-3 years to reach the next 500k miles. Should I jump on this or let the miles accumulate in the traditional manner. Any opinions will be helpful.

Swimmin' M
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Old Aug 20, 03, 9:03 am
  #2  
 
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Yes. As the program stand now, Yes. Double miles, AC access on Int'l AA flights and access to OW lounges.

Yes.
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Old Aug 20, 03, 9:13 am
  #3  
 
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by M2swim:

I understand that the lifetime Platinum offer is unwritten and can be withdrawn at any time.
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Personally, I would be worried about this.
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Old Aug 20, 03, 9:31 am
  #4  
 
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I don't get it. If you're not flying enough to earn platinum, what good would it be to get the benefits? I mean, how much are double-miles really worth if you're not flying? And if you're not flying international, the lounge access is worthless.

I never understood why people would want to purchase status since they wouldn't benefit from it (at least not much).
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Old Aug 20, 03, 10:24 am
  #5  
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by GuysInCT:
I don't get it. If you're not flying enough to earn platinum, what good would it be to get the benefits? I mean, how much are double-miles really worth if you're not flying? And if you're not flying international, the lounge access is worthless.

I never understood why people would want to purchase status since they wouldn't benefit from it (at least not much).
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Being PLT has other benefits like better award availability. If you collect hundreds of thousands of miles by charging it, award redemption would be of pretty high importance.
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Old Aug 20, 03, 10:32 am
  #6  
 
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Plato90s:
Being PLT has other benefits like better award availability.</font>
I wasn't aware of this. I haven't seen a difference in getting Austrailia award travel, though I have always been successful with the 25k Europe upgrades.

Is there really a difference between Gold (which s/he already is) vs. Plat for award redemption? I thought the differences only kicked in once you reach EXP.



[This message has been edited by GuysInCT (edited 08-20-2003).]
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Old Aug 20, 03, 10:42 am
  #7  
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by GuysInCT:
Is there really a difference between Gold (which s/he already is) vs. Plat for award redemption? I thought the differences only kicked in once you reach EXP.</font>
I'm not sure about which partners have it, but I know for sure that when claiming BA awards PLT/EXP have access to additional inventory than regular/Gold.
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Old Aug 20, 03, 10:42 am
  #8  
 
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500,000 miles for about $12,000 without having to do a lot of MR's at $.019/mile (after taking into account 100% bonus, double the cost for the actual miles needed to accompliash this,) in return for lifetime PLT plus 500,000 miles? I am sure that if you have some future use for these, the economics are sound, as the cost/miles is about what you would pay for butt-in-the-seat miles without all the Prep-H costs.
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Old Aug 20, 03, 10:58 am
  #9  
 
Join Date: Jan 2003
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I've thought about this. Unfortunately, there's a limit to the number of miles a person can deposit to one's own account every year--something like 25,000 or 50k or perhaps even 100k--definitely won't let you deposit 500k. you may need to look into this first...

--bc
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Old Aug 20, 03, 11:14 am
  #10  
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I did check further on the aamiles website and it does restrict it to 35k miles/year/individual account. Just looks like I will have to "loan" the corporation some money each month to get there. With the discount points I pay, It would still be around 2.3 cents/mile.

Swimmin M
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Old Aug 20, 03, 1:54 pm
  #11  
 
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You might consider buying some savings bonds for part of the 500,000 miles you need. I think the limit is $30,000 per person per year.

Also if you have 200,000 + marriott points you can redeem for a complete travel award and get up to 120,000 AA miles as part of the award at 1 pt = 1 mile
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Old Aug 20, 03, 2:27 pm
  #12  
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Plato90s:
I'm not sure about which partners have it, but I know for sure that when claiming BA awards PLT/EXP have access to additional inventory than regular/Gold.</font>
AFAIK, this is only on BA in Y (extra availability booked into V class).

AA EXP gets extra PlanAAhead space, but does AA even give their own Plats extra availability on anything? Not that I've seen or heard.
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Old Aug 20, 03, 2:51 pm
  #13  
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Another benefit of PLT.

Some airports (SEA, for example) require PLT or EXP to use the elite security line. I am not sure if this is enforced but that is what the sign says.
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