JP Morgan Palladium Card
#301
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
While I originally found that article in the NYTimes it appears it was written by Reuters. I believe it is this article:
http://www.reuters.com/article/2011/...79345E20111004
http://www.reuters.com/article/2011/...79345E20111004
#302
Join Date: Nov 2011
Programs: Amex Platinum, Marriott Platinum, SPG Gold, Hyatt Platinum
Posts: 240
I tried to negotiate the minimum to $1m in the beginning and followup to $5m after I get the card. She said yes for beginning for $1m, but the card has to wait till I qualified for as a PB client, which is a couple of months of $5m in AUM.
Conclusion: Fax in the PDF won't work now.
If the United Club thing is true then I would seriously thinking about moving my money over.
Conclusion: Fax in the PDF won't work now.
If the United Club thing is true then I would seriously thinking about moving my money over.
Just to save $500 (you presumably wouldn't get future fee waivers with this strategy)? You'd lose more in interest than you would gain in the form of a one time $500 fee waiver.
Last edited by mia; May 2, 2012 at 10:46 am
#303
Join Date: Apr 2002
Posts: 2,951
Seriously? Chase thinks that dangling a $500/year card will be enough to entice people to move $5MM over to them? This is pretty amusing.
Just to save $500 (you presumably wouldn't get future fee waivers with this strategy)? You'd lose more in interest than you would gain in the form of a one time $500 fee waiver.
Just to save $500 (you presumably wouldn't get future fee waivers with this strategy)? You'd lose more in interest than you would gain in the form of a one time $500 fee waiver.
#304
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
#305
Join Date: Jan 2010
Location: New York and Vienna
Programs: PA WorldPass Platinum, AA, DL, LH. GHA Black, SPG and HHonors Gold
Posts: 3,870
#306
Join Date: Feb 2012
Posts: 731
Do I need to call to request for United Club access and GHA status or is this an automatic enrollment?
#307
Join Date: Jan 2010
Location: New York and Vienna
Programs: PA WorldPass Platinum, AA, DL, LH. GHA Black, SPG and HHonors Gold
Posts: 3,870
#308
Join Date: Aug 2005
Location: RDU
Posts: 389
Any of those price points, if the benefits are right. I would expect they add benefits before raising the price. If I had jumped in on the Centurion for $1K, I'd probably still have it right now. However, with the current entry fee, I'm really not sure I'd go for it. Same here, if the benefits go up with the fee, I'd probably keep it.
Having an AmEx exec on board, I don't think they are confused about the mass-market nature of Platinum, but I do think they're trying to find their footing with their marketing strategy. I'm pretty sure Centurion is having an identity crisis as well, since they seem to be trying to weed out the purchasing clerks who met the entry-level spend.
Unfortunately, recent events make it seem that this is possible. If this is true, then I think they are destined to fail. I certainly hope this isn't the game plan.
Enticing stays that aren't booked through Priceline or Orbitz. I'm heavily SPG/Ritz, but there are many times another brand would be more convenient. Without status, I put up with the inconvenience to stay at a SPG/RC. Even perks would influence my spend...if they raised the fee by a bit and threw in some guaranteed lounge accesses at RC, I could almost guarantee that would pay of tenfold for them (at least in my case...some RCs have suites that aren't on club level).
Entry. I know a lot of people find it useless, but it does come in handy when one has to fly an airline that they normally wouldn't use and currently have no status with.
Unfortunately, recent events make it seem that this is possible. If this is true, then I think they are destined to fail. I certainly hope this isn't the game plan.
Entry. I know a lot of people find it useless, but it does come in handy when one has to fly an airline that they normally wouldn't use and currently have no status with.
Last edited by HookemHorns; May 3, 2012 at 7:12 am
#309
Join Date: Nov 2011
Programs: Amex Platinum, Marriott Platinum, SPG Gold, Hyatt Platinum
Posts: 240
Even perks would influence my spend...if they raised the fee by a bit and threw in some guaranteed lounge accesses at RC, I could almost guarantee that would pay of tenfold for them (at least in my case...some RCs have suites that aren't on club level).
Last edited by mia; May 3, 2012 at 7:28 am
#310
Join Date: Aug 2005
Location: RDU
Posts: 389
Aren't those Centurion members that had the $1K/year cards no longer eligible to keep the cards for $1K/year? I thought that they could only do it through their respective cards' expiration dates, at which point they either had to give up the membership or start paying $2,500/year fees?
They can't do that. A lot of RC club lounges are too small to accommodate people not staying on the Club level and still maintain comfortable atmosphere. Hence, the reason that many if not most RC's will not give you Club lounge access unless you have a Club level room. If a CC started providing this as a benefit, meaning that all cardholders would get automatic Club lounge access even if they do not stay on the Club level, it would really dilute the Club level experience, so I do not see it happening.
#311
Join Date: Nov 2011
Programs: Amex Platinum, Marriott Platinum, SPG Gold, Hyatt Platinum
Posts: 240
and the Chase Ritz-Carlton card offers club access on 10 stays per year.
With the RC card, you aren't getting Club level access unless you are staying in a Club room. In order to take advantage of the Club level upgrade program that comes with the card, you have to book at rack rates, which cannot be combined with any other discounted or company/association rates, package discounts, etc...
#312
Join Date: Nov 2011
Programs: Amex Platinum, Marriott Platinum, SPG Gold, Hyatt Platinum
Posts: 240
I hear what you are saying, however. If the hotel is not full (meaning that the Club lounge isn't full either) and the hotel is selling Club lounge access to people not staying on the Club floor, it can offer complementary access to the Club lounge to the holders of certain CC's without jeopardizing the Club experience. Perhaps those CC's can come with a limited number of Club lounge passes (without giving people Club rooms), which the hotel could choose to reject if the Club level is already full and it doesn't want to have too many people in the lounge.
#313
Join Date: Aug 2005
Location: RDU
Posts: 389
I don't know if it is a current benefit, but I can personally vouch that it was a few years back when I was traveling with a Cent friend. Anything booked through FHR gave us full club access at check-in (all 3 rooms on the reservation) at several RC properties. Perhaps a current Cent could comment.
I stand corrected. I have the early marketing slicks from the card, probably because I have high RC spend. Mine says 10 stays per year, and implied a "voucher" type program, but the details weren't clear. Looks like they've revised that quite a bit.
Some of the DC-area properties come to mind, but you're right - most do have limited suites on the club floor. I just usually miss out on booking them (would be willing to pay rack rate for club suite, but not $150pp for lounge).
Exactly my thought - if Chase could do that, even if it is a space-available pass, that would be a seriously useful benefit to me. I realize that I may be one of the few, but I just threw it out as a unique way Chase could leverage their existing relationships to offer a unique benefit.
If the hotel is not full (meaning that the Club lounge isn't full either) and the hotel is selling Club lounge access to people not staying on the Club floor, it can offer complementary access to the Club lounge to the holders of certain CC's without jeopardizing the Club experience.
Last edited by HookemHorns; May 3, 2012 at 10:26 am
#314
Join Date: Nov 2011
Programs: Amex Platinum, Marriott Platinum, SPG Gold, Hyatt Platinum
Posts: 240
I don't know if it is a current benefit, but I can personally vouch that it was a few years back when I was traveling with a Cent friend. Anything booked through FHR gave us full club access at check-in (all 3 rooms on the reservation) at several RC properties. Perhaps a current Cent could comment.
Exactly my thought - if Chase could do that, even if it is a space-available pass, that would be a seriously useful benefit to me. I realize that I may be one of the few, but I just threw it out as a unique way Chase could leverage their existing relationships to offer a unique benefit.
#315
Join Date: Jun 2011
Posts: 794
I have a personal anecdote regarding this. I tried to book a stay in Kuala Lumpur last month. The Plat FHR has RC, MO. The Cent FHR has RC, MO, and Shangri-La. I tried to book Shangri-La but the Plat FHR folks won't do it, citing it's for Cent only.