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USA: New (2017) personal Platinum benefits; Higher annual fee ($550)

USA: New (2017) personal Platinum benefits; Higher annual fee ($550)

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Old Sep 20, 17, 1:17 am   -   Wikipost
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American Express press release is HERE.

American Express product site is HERE.


Price change dates for new and existing accounts:
When is the fee increasing for Platinum Card Membership?

Beginning on March 30th, 2017, the new annual fee for Platinum Card will be $550. For Existing Platinum Card Members, the annual fee will take effect on their annual renewal date on or after September 1st, 2017.

Unpublicized change to Priority Pass benefit:
At any visit to a Priority Pass Select lounge, you may bring in two guests for no charge.
Terms of the Uber benefit:
Only Basic Card Members on a Platinum Card account are eligible for Uber VIP and monthly ride Credits. To receive this benefit, you must have downloaded the Uber App version 3.219 or later for iOS or version 3.126 or later for Android and your eligible Platinum Card must be a method of payment in your Uber account. If you are assigned a new Card number, you must update your method of payment in your Uber account. Cards added to your Uber account through a third party such as Apple Pay or PayPal will not be eligible. A Platinum Card account may receive this benefit on one Uber account. If the same Card is added to multiple Uber accounts, only the first Uber account to which the Card is added will receive the benefit. Uber VIP is available in select cities and is governed by Uberís terms and conditions. To redeem monthly ride Credits, you must select to use the Credit in your Uber app prior to completing the Uber ride. The discount will not apply to previous Uber rides. New and existing Uber users are eligible. Uber will apply discount at the point of sale. There is no limit to the number of rides you may apply the Credit to each month, up to a total of $15 in Credits per month. Each year in December, you may apply up to $35 in Credit. The discounted cost of a ride will be displayed on your post-ride email receipt. If you are eligible to receive additional Membership Rewards points on your ride, points will be awarded on the balance of the cost of the trip after Credits are applied. Credit may be applied to all Uber car types and cannot be applied to other Uber services. Credit may only be applied to rides within the United States. Monthly ride Credit expires at 11:59 PM local time on the last day of each month. Unused Credit will not carry over to the following month. Credit will be applied for the month in which the ride is completed. If ride is eligible for another promotion that you have added to your Uber account, the promotion will be applied before the Credit. Certain Uber-branded credits may be applied to your ride balance prior to this Credit.
*If you do not see a $15 credit appear and you receive a message your card may be the registered payment to another Uber account and you must delete your card from all Uber accounts and reenter your card on the Uber account your want the credit benefit.

Metal card availability:

How can Platinum Card Members get the new metal Card?

The new metal Card will be issued to Platinum Card Members 60 days prior to their Card expiration date or can be requested beginning on March 30th, 2017 by calling the number on the back of the Card or requesting a replacement card after you sign in to www.americanexpress.com and click on replace lost damaged card.
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Old Jun 12, 17, 8:56 am
  #541  
 
Join Date: Mar 2017
Posts: 175
Originally Posted by C W View Post
You got two 100k sign up bonuses?
I got two offers in the mail. One back in April 2017 which I actually used to sign up. It was for 100k w/ 5k spend in 3 months. Then a day ago I got the identical looking mailer but when I opened it up there was only a 3k spend requirement for 100k!

The deal is unbelievable. I guess Amex marketing did not yet realize that I already signed up for the card so they sent the offer again.
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Old Jun 12, 17, 9:32 am
  #542  
 
Join Date: Apr 2014
Posts: 1,174
Originally Posted by C W View Post
You got two 100k sign up bonuses?
I only applied for the first offer, so just one bonus
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Old Jun 15, 17, 5:51 pm
  #543  
 
Join Date: Jul 2014
Location: SFO
Posts: 259
So regarding the platinum benefits of adding AMEX gold cards to your account with no AF fee for gold card....

My situation is that I have a Personal Platinum card, and I also paid $175 last year to have 3 AUs. I called to today to ask about cancelling the AUs, and CSR said I have the option to downgrade all 3 AUs to Gold.

What's my incentive to keep those 3 AUs as Gold? On the Gold benefits page, it's pretty much just the basic AMEX benefits of shoprunner, rental car coverage, etc. Do I still pay $175 AF, or is it literally converting all 3 to Gold with no AF? Will those Gold cards each get the $100 airline credit, TGTBT?

Correct me if I'm wrong, but can't I get more out of it if I cancel my AUs, and reapply for Gold by myself and get the signup bonus (historically highest has ranged between 65k-75k)?
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Old Jun 15, 17, 6:07 pm
  #544  
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; HH, Marriott & SPG Gold
Posts: 34,757
Originally Posted by mdosu View Post
...Do I still pay $175 AF, or is it literally converting all 3 to Gold with no AF?
There is now no fee for supplementary Gold cards on the personal Platinum.
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Old Jun 15, 17, 7:22 pm
  #545  
 
Join Date: Oct 2011
Location: ATL
Programs: DL Scattered Smothered Covered Medallion, Some hotel & car stuff, Kroger Plus Card
Posts: 8,920
Originally Posted by mdosu View Post
What's my incentive to keep those 3 AUs as Gold? On the Gold benefits page, it's pretty much just the basic AMEX benefits of shoprunner, rental car coverage, etc. Do I still pay $175 AF, or is it literally converting all 3 to Gold with no AF? Will those Gold cards each get the $100 airline credit, TGTBT?
Did you have the 3 AU cards for other people? The incentive to keep them as Gold cards is to allow those three people to continue charging things on your account.

The AU Plat cards didn't get the $200 airline fee credit, so not sure why you'd think that Gold cards would get a $100 fee credit...effectively providing a better benefit on a "lower" AU card (not to mention that you can have up to 99 Gold AU cards for free, and no way in the world Amex is going to fork over almost $10k in credits for free).
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Old Jun 15, 17, 8:36 pm
  #546  
 
Join Date: Jun 2017
Posts: 4
Hello everyone, travel novice here looking to get into this hobby. I recently applied for the CSR and and looking to get more travel bonus credit cards, and I'm stuck. I am hoping all you savvy travelers can help me make a decision or come up with some options I donít know about. A little bit about me before we get started.
  1. I usually fly out of Newark Airport but can go to Philadelphia International Airport if the price if the ticket is right.
  2. I usually fly United as it usually is the cheapest ticket available, except for Indianapolis.
  3. In regards to travel, at a minimum, my family and I like to do one nice international trip a year and we travel at least quarterly to Indiana to visit my wife's parents.
My current inventory is the following, which makes me 1/24 for chase cards. My wife is an AU on both cards
  1. BarclayCard Arrivals Plus MasterCard, which Iíve had for 3 years and plan to downgrade to no fee option this year.
  2. Chase Sapphire Reserve which I applied for in February 2017 and still havenít touched the 100k UR point bonus. Iím going to cancel my Wifeís AU before next year's fee is due but keep mine as a base for future Chase UR point redemptions
My following options are as follows:
  1. Chase Sapphire Preferred: Have my wife and I both apply (not at same time) to maximize possibility of 50k bonus before it goes back to 40k. Once minimum spent is met, Iíll stop using mine and have as wifeís primary card while I go back to the Chase Sapphire Reserve. I plan to product change both cards to Chase Freedom cards before AF is due.
  2. United Mileage Plus Explorer: Use same strategy above to maximize a targeted 70k mile offer available until the end of June. I really hate United and their horrible Basic Economy, but their flights are routinely the cheapest when Iím traveling domestically except for Indianapolis, and the checked baggage coverage pays for the AF. May consider keeping mine for United purchases only but product change my wifeís to no fee version before the second fee is due to conserve length of credit history.
  3. Chase Southwest Rapid Rewards Premier Credit Card and Southwest Rapid Rewards Premier Credit Card: This would strictly be for the Companion Pass as now Southwest flies nonstop from Newark to Indianapolis. The downside is I would be burning two slots in Chase 5/24 and there aren't many nonstop flights from Newark or Philadelphia so essentially I would be spending 2 AFs and 4k in minimum spend to cover Indiana flights for approximately 1.5 years.
  4. Chase Ritz-Carlton Card: Will ask Chase via SM to see if they can give me the 3 free night offer. The only real reason I want this card is the Visa Infinite discount portal. That and a few checked bags or other incidentals will cover the AF. I also like the no charge AU so my wife has Priority Pass access.
  5. American Express Platinum Personal: I just received a targeted 100k offer with 3k spend good until end of August. Man, I REALLY would like to get this card, but Iím nowhere near a Centurion lounge (God only knows when the Philadelphia Centurion Lounge actually opens) and the cheapest flights for me are from stinky Newark and United Airlines (except for Indianapolis). I donít use Uber, Ubereats is no where near me. I can get Global Entry credit from Ritz-Carlton Card(if I choose to apply) or Chase Sapphire Reserve. I heard you can get Hamilton tickets at face value, which sounds nice, but I think that's only for pre-sale and God only knows when they offer a pre-sale in NYC again. Finally, I most likely would not have my wife as an Authorized User because I just canít justify a 175 fee on top of what may be an effective 350 annual fee.
Overall I think I want someone to convince me to splurge on the American Express Platinum but Iíll a hard time convincing my wife itís a good overall investment. Maybe I can try it for a year then close it out? Are there other perks I don't know about? I just feel that this 100K offer for 3K on spend is something that doesn't come around too often. Thanks in advance for any assistance.
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Old Jun 15, 17, 8:39 pm
  #547  
 
Join Date: Jul 2014
Location: SFO
Posts: 259
Originally Posted by gooselee View Post
Did you have the 3 AU cards for other people? The incentive to keep them as Gold cards is to allow those three people to continue charging things on your account.

The AU Plat cards didn't get the $200 airline fee credit, so not sure why you'd think that Gold cards would get a $100 fee credit...effectively providing a better benefit on a "lower" AU card (not to mention that you can have up to 99 Gold AU cards for free, and no way in the world Amex is going to fork over almost $10k in credits for free).
Thanks, didn't think they would let me double dip
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Old Jun 17, 17, 6:51 pm
  #548  
 
Join Date: Feb 2007
Programs: Starwood/Marriott Gold, AA Gold
Posts: 447
Originally Posted by gooselee View Post
Did you have the 3 AU cards for other people? The incentive to keep them as Gold cards is to allow those three people to continue charging things on your account.

The AU Plat cards didn't get the $200 airline fee credit, so not sure why you'd think that Gold cards would get a $100 fee credit...effectively providing a better benefit on a "lower" AU card (not to mention that you can have up to 99 Gold AU cards for free, and no way in the world Amex is going to fork over almost $10k in credits for free).
But the free gold cards do cover Global Entry (or Pre-Check), which is worth something.
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Old Jun 17, 17, 7:51 pm
  #549  
 
Join Date: Nov 2014
Location: USA
Posts: 1,042
Downgrading plat AUs to gold: They lose lounge access, priority pass, SPG and Hilton gold status for themselves and likely additional elite status w car rental agencies. That's what I can think of off the top of my head.

Question is whether their airline charges (once downgraded to gold ) will earn 5x
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Old Jun 18, 17, 7:29 am
  #550  
 
Join Date: Jul 2010
Location: PHL
Programs: AA Plat Pro, WoH Expl
Posts: 2,774
Originally Posted by oazizpharmD View Post
Overall I think I want someone to convince me to splurge on the American Express Platinum but I’ll a hard time convincing my wife it’s a good overall investment. Maybe I can try it for a year then close it out? Are there other perks I don't know about? I just feel that this 100K offer for 3K on spend is something that doesn't come around too often. Thanks in advance for any assistance.
You have -- correctly -- answered your own question. The 100K bonus on low spend is way too good to pass up. Since you do fly, even if you only keep this thing for one year, it only costs you $150 = $550 AF - ($200 in flight credits 1st calendar year) - ($200 in flight credits 2nd calendar year). Read around to see how flight credits can be turned into airfare, especially if you are flying AA out of PHL on your baked-in trips to IND.

Then read one of the blogs about all the other stuff you can and should enroll in with an AMEX Plat card. Do them. Enjoy for a year. Reassess then. For example, I am not a Uber user either, and yet we have managed to use the $15 credit effectively and efficiently all 4 mos. now.

Also, there are usually a few good Amex Offers a year -- good in the sense that they map onto real spending, and thus are money in the pocket when used -- and that is another way to amortize the out-of-pocket cost associated with the AF. I understand that for those folks hitting Amex Offers hard, an Amex Plat is not the optimal way to gain access. Thus my point here refers to the advantages of you getting the Amex Plat in the situation that you are in (the cards you have + the 100K MR offer).
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Old Jun 18, 17, 1:42 pm
  #551  
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; HH, Marriott & SPG Gold
Posts: 34,757
Originally Posted by Biggie Fries View Post

Then read one of the blogs about all the other stuff you can and should enroll in with an AMEX Plat card. Do them.
OR, just read and follow the list in the Wikipost of this thread:

http://www.flyertalk.com/forum/ameri...d-do-list.html
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Old Jun 19, 17, 5:46 pm
  #552  
 
Join Date: Jul 2014
Location: SFO
Posts: 259
Originally Posted by oazizpharmD View Post
[/LIST]My following options are as follows:
  1. Chase Sapphire Preferred: Have my wife and I both apply (not at same time) to maximize possibility of 50k bonus before it goes back to 40k. Once minimum spent is met, I’ll stop using mine and have as wife’s primary card while I go back to the Chase Sapphire Reserve. I plan to product change both cards to Chase Freedom cards before AF is due.
  2. United Mileage Plus Explorer: Use same strategy above to maximize a targeted 70k mile offer available until the end of June. I really hate United and their horrible Basic Economy, but their flights are routinely the cheapest when I’m traveling domestically except for Indianapolis, and the checked baggage coverage pays for the AF. May consider keeping mine for United purchases only but product change my wife’s to no fee version before the second fee is due to conserve length of credit history.
  3. Chase Southwest Rapid Rewards Premier Credit Card and Southwest Rapid Rewards Premier Credit Card: This would strictly be for the Companion Pass as now Southwest flies nonstop from Newark to Indianapolis. The downside is I would be burning two slots in Chase 5/24 and there aren't many nonstop flights from Newark or Philadelphia so essentially I would be spending 2 AFs and 4k in minimum spend to cover Indiana flights for approximately 1.5 years.
  4. Chase Ritz-Carlton Card: Will ask Chase via SM to see if they can give me the 3 free night offer. The only real reason I want this card is the Visa Infinite discount portal. That and a few checked bags or other incidentals will cover the AF. I also like the no charge AU so my wife has Priority Pass access.
  5. American Express Platinum Personal: I just received a targeted 100k offer with 3k spend good until end of August. Man, I REALLY would like to get this card, but I’m nowhere near a Centurion lounge (God only knows when the Philadelphia Centurion Lounge actually opens) and the cheapest flights for me are from stinky Newark and United Airlines (except for Indianapolis). I don’t use Uber, Ubereats is no where near me. I can get Global Entry credit from Ritz-Carlton Card(if I choose to apply) or Chase Sapphire Reserve. I heard you can get Hamilton tickets at face value, which sounds nice, but I think that's only for pre-sale and God only knows when they offer a pre-sale in NYC again. Finally, I most likely would not have my wife as an Authorized User because I just can’t justify a 175 fee on top of what may be an effective 350 annual fee.
Overall I think I want someone to convince me to splurge on the American Express Platinum but I’ll a hard time convincing my wife it’s a good overall investment. Maybe I can try it for a year then close it out? Are there other perks I don't know about? I just feel that this 100K offer for 3K on spend is something that doesn't come around too often. Thanks in advance for any assistance.

Here are a few more items for you to consider.

Chase items (someone please confirm, but this is my understanding the details of 5/24):
Apparently Chase's 5/24 is related to any revolving credit, not just Chase cards. So if you're close to 5/24, I would get those Chase cards first before the AMEX. But I also heard non-Chase small business cards do not affect 5/24.

Also, your Chase AUs also is added to your AU's 5/24, so it reduces a slot your wife can apply for.

I already did the Southwest Companion Pass deal. It is amazing. I did not pay for flights for a good 2 years. Also, the current promo (120k points combined) is as good as I've ever seen.


AMEX Plat considerations:

Philly Lounge: https://www.flyertalk.com/forum/amer...ug-2017-a.html

I would check this thread often to see the status and location. Some airports, the lounge is not accessible from every air side terminal.

The 100k is a rare bird for the personal plat. IMO, you need to sign up now to lock it in for your lifetime. Also consider when you cancel, and if later on you decide you will access centurion lounge more frequently, there's the Ameriprise AMEX card with no AF in the first year (but no bonus points offers).

Further, also note, it's apparently much easier obtaining a small business AMEX card these days as a "sole proprietor". So you have multiple shots at accumulating AMEX MR points through business PRG and plat cards.

So just to let you know my person game plan:

1. Today, I own the Personal Plat, got it with the last major 100k deal. Just got my retention offer for year 2, decided to keep it. Still on the $450 AF for year two as I signed up in the right window last year.

I did the 3 AUs for $175. Decided to gift the benefits to my parents (for Global Entry), and my sister in law (for lounge access and concierge). Obviously, we've extracted more than $175 worth of benefits out of this. Does your kids need Global Entry/TSA Precheck?

2. This time next year, I don't anticipate any retention offers. Will apply for the next PRG business bonus promo when it hits 60k-75k again. PRG members have been getting Plat upgrade offers up to 60k points. Apparently, upgrades don't count towards lifetime bonuses, so I can dip once more into the MR bonus here.

3. If I get the plat again, I'll see if the retention bonus is worth keeping. If not, I'll cancel. If I need lounge access, I'll apply for the Ameriprise Plat with no AF for that year.

4. repeat the above with a personal PRG if major bonuses come up with associated upgrades.

Also note, business plat has a pretty high spending threshold. One that I'm uncomfortable attempting to manufacture.
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Old Jun 19, 17, 5:53 pm
  #553  
 
Join Date: Jul 2014
Location: SFO
Posts: 259
Originally Posted by Biggie Fries View Post
You have -- correctly -- answered your own question. The 100K bonus on low spend is way too good to pass up. Since you do fly, even if you only keep this thing for one year, it only costs you $150 = $550 AF - ($200 in flight credits 1st calendar year) - ($200 in flight credits 2nd calendar year). Read around to see how flight credits can be turned into airfare, especially if you are flying AA out of PHL on your baked-in trips to IND.

Then read one of the blogs about all the other stuff you can and should enroll in with an AMEX Plat card. Do them. Enjoy for a year. Reassess then. For example, I am not a Uber user either, and yet we have managed to use the $15 credit effectively and efficiently all 4 mos. now.

Also, there are usually a few good Amex Offers a year -- good in the sense that they map onto real spending, and thus are money in the pocket when used -- and that is another way to amortize the out-of-pocket cost associated with the AF. I understand that for those folks hitting Amex Offers hard, an Amex Plat is not the optimal way to gain access. Thus my point here refers to the advantages of you getting the Amex Plat in the situation that you are in (the cards you have + the 100K MR offer).

I agree on the additional benefits of the plat. I too was not an Uber user, but I had used it for 2 months already. When a benefit is there, you'll find a way to use it, trust me.

Also, I think the most valuable status benefit is the SPG gold status. Which allows you to status match into Marriott gold, which means free breakfast at Marriotts.
I've also done the status match all the way to Hertz Gold. Which is awesome for the quick service at the businesses airports.
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Old Jun 19, 17, 6:08 pm
  #554  
mia
FlyerTalk Evangelist, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; HH, Marriott & SPG Gold
Posts: 34,757
Originally Posted by mdosu View Post
I've also done the status match all the way to Hertz Gold. Which is awesome for the quick service at the businesses airports.
Hertz status is a standard feature of the Platinum card. Have you "matched" something to a higher status level? I know there is/was a way to match the included National status to Hertz Five Star, but do you mean something different?
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Old Jun 19, 17, 6:50 pm
  #555  
 
Join Date: Nov 2014
Location: USA
Posts: 1,042
Originally Posted by mdosu View Post
Also, I think the most valuable status benefit is the SPG gold status. Which allows you to status match into Marriott gold, which means free breakfast at Marriotts.
This!

I conservatively put a $40/ breakfast for two. 7 days per year that's a minimum benefit that's worth it

And here is how I justify the Amex plat. At $450, per uber days. $250 af totally worth it for SPG gold.

Why? Because the only other way id get Marriott gold is to put $10k on my Ritz, whose earn rate is brutal.

I value Marriott points at 0.7c and united miles at 2.4c minimum.

$10k on Ritz gets me $70 of value.
id rather put that spend on united Club for 10k UA Miles worth $240. Saving that $170 of opportunity cost makes the current Amex AF easier to swallow.

//edit Long day. $10k on united club is 15k Miles. Worth $360 to me. So the opportunity cost saved by Amex giving me SPG gold is $290. Once Amex loses SPG (I doubt chase will give it up easily) that will be another point against keeping it.

Last edited by slivrflyr; Jun 19, 17 at 7:01 pm
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