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USA: New 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 Oct 27, 17, 10:18 pm
  #601
 
Join Date: Nov 2014
Location: USA
Posts: 1,021
Originally Posted by JHake10 View Post
As MIA noted, the bonus points are not awarded for those categories outside the USA (restaurants, gas, groceries, etc). Sorry for the confusion. My hunch is that AMEX doesn't make as much interchange on those swipes and therefore, doesn't pay out the MR.
Amex limits other thing as well. Their insurance only covers a person who lives in The US. So if youíre an American expat, for example, you wonít be covered.
slivrflyr is offline  
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Old Oct 28, 17, 6:58 am
  #602
 
Join Date: Nov 2015
Location: BNE
Programs: NZ*G, QF Bronze, VA Red
Posts: 281
Originally Posted by JHake10 View Post
As MIA noted, the bonus points are not awarded for those categories outside the USA (restaurants, gas, groceries, etc). Sorry for the confusion. My hunch is that AMEX doesn't make as much interchange on those swipes and therefore, doesn't pay out the MR.
I'll just correct a couple of things, and lend some credibility to the theory - AMEX doesn't actually have "interchange" per se. Interchange is the fee paid by the acquirer to the issuer when the card is swiped, dipped, or tapped. AMEX is a closed acquirer system - in all cases, AMEX is both the acquirer and issuer, so the entire commission is pocketed by AMEX.

However, unlike Visa and MasterCard where the rate paid is usually higher than the rate paid for a domestic card, AMEX treats cards the same no matter which AMEX entity issued it, meaning if my contracted merchant commission were 1.5% (which it is), then the commission on that transaction is 1.5% regardless if the card is issued by American Express USA Inc, American Express Australia Pty Ltd, or American Express UK plc (examples, not real entity names).

Basically it means that since outside the home country AMEX cannot rely on getting 3% from the merchant, they likely choose not to treat the transaction the same as a domestic one and therefore don't give you bonuses.

Also fun fact: I dunno why you're complaining about a $550 annual fee. For us in Australia it's $1200 annual fee and less benefits! Though I suppose the travel credit kind of makes up for it.
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Old Oct 28, 17, 7:18 am
  #603
 
Join Date: Jan 2014
Location: San Diego, CA
Programs: GE, Marriott Silver
Posts: 9,711
Originally Posted by kyanar View Post
Basically it means that since outside the home country AMEX cannot rely on getting 3% from the merchant, they likely choose not to treat the transaction the same as a domestic one and therefore don't give you bonuses.
I'd imagine they'd have some sort of idea how often a card's used domestically vs. internationally, though, and would be able to adjust the card's benefits to take that into account while being able to offer them everywhere. Chase probably doesn't get 3% in most other countries, for example, yet I've been getting the full 3x on my CSR for every travel/dining transaction I've made in the UK thus far.
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Old Oct 28, 17, 8:57 am
  #604
 
Join Date: May 2000
Location: Houston, TX, USA
Programs: SPG Gold, AA Lifetime Platinum, UA Platinum, DL Platinum, HHonors Diamond, Hyatt Platinum
Posts: 6,886
Originally Posted by tmiw View Post
Chase probably doesn't get 3% in most other countries, for example, yet I've been getting the full 3x on my CSR for every travel/dining transaction I've made in the UK thus far.
The Chase United Presidential Plus card also gives 2x miles for qualifying categories (car rental and hotel) worldwide.
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