This is the best breakdown of how to use this card I've heard so far. Everyone talks about the Uber and travel credits, but nobody has laid out such a comprehensive plan. Great job!
We just got our card 3 months ago... and so far we're using it for everything...uber, saks, lounges, ALOT of travel, airline credit. Thank you for your videos... clear and concise!
Are you active duty military. Its a generous offer however are active duty military folks able to use the benefits like a civilian. are they flying under the federal government dime or are they paying for airfare with their card? I hope other companies are inspired and will do stuff for our active duty folk as well as our veterans.
Daryl liggins I am active duty, stationed in Japan. I am able to use all features, I fly home on my dime to visit family and am able to take full advantage. Love this card! Thank you for your kindness.
I use my Platinum for Flights (unless I need the Travel Protection, like Hurricane prone areas) and that's it. I use it for the Lounge access, Saks, Uber and Amex Offers. Within a few months I pulled even.
Last year I got $400 though Amex offers on Amazon. This year I broke a 90 days old iPad Pro and the replacement cost was $700 - Amex purchase protection quickly reimbursed me. This card is definitely a keeper when you add the free breakfasts at Hilton or Sheratons and the lounge access. Great card!
do you have to book your hotel through Amex to get the free perks? if so, isn't this would be more expensive then lets say using hotels.com to book a room !?
The Hilton and Marriot status it gives you also allows to status match with a bunch of different brands through a chain reaction. It's a bit of work but it's another way to finesse the system and make the card even more worth it if you're willing to make a few emails or calls to status match!
I've been using mine for the lower hotel collections but there are still some great prices. Also here in Vegas, the valet parking is free at the MGM when you have the platinum card. Great extra perk!
With my Amex Platinum I learned to NOT purchase anything from Saks.com on December 30, 31 or June 29, 30, etc. as the purchases may take a day or two to show on my statements. It’s all dependent on when Saks ships the item. So my learning is to use your $50 credit way earlier than the 6 month term.
For me it comes down to the excellent customer service and the additional gold card. Platinum card customers are often given superior service by merchants and restaurants as well.
Great videos! I use my Platinum AMEX for airfare. Their 2 for 1 International, or 50% off is awesome! I bought a Business Class seat on Virgin Australia and it was half off. Amazing benefit!
tr3slech3s They used to offer 2 tickets for the price of one, or companion flys free for international travel. Singles got 50% off. As you can see, this was one year ago, pre - corona, so no idea if that plan is still available since international travel is nearly non-existent...I sure hope things will open back up very soon!!
I Love the Uber credits as I would use them anyway, same with airline credit saks, etc. I do use the card for all airline purchases and some hotels (depending, if its FHC, then yes). Everyone's situation is different but those are the main reasons I use the card. Lounges are ok, but still way to crowded in the US, sometimes I leave due to the fact it's more crowded in the lounges than other places.
The US Open (tennis) also has a centurion lounge. I'm pretty sure it was awesome to use last August during the heatwave during the Open. It's at the new Louis Armstrong stadium on the grounds.
I love using my AMEX platinum card for everything travel. I travel… A lot [enough to create a TH-cam Travel Channel out of it] and the benefits especially as a frequent Delta flyer are huge for me. thanks for making this video!
Acquired the platinum card to replace my delta reserve. I was rarely able to use the companion pass and the delta status boost is overrated. 5x of flights and delta club access works for this diamond medallion million miler.
OTA = online travel agency (like Expedia, which is what Amex travel is a facade for). With OTA's and hotels, the travel agency, not the hotel, controls the booking, so good luck with elite benefits (e.g. from the Platinum's Hilton gold status) and refunds.
@@LeviRamsey Thank you for responding since your comment is 8 months old. And I noticed that as well, I dont know if I see the benefit of using an OTA to book something just so I can get the points.
@@jasonp.1374 I just accepted the 100k offer as well. I believe it was directed to me due to me being a long time Chase Sapphire Reserve user. Ill keep it for a year and reevaluate its benifits next September.
Hey Sebby, thanks for he video. Just the use of the Lounges, 1, 2, or 3 lounges in the same international airport is a HUGE PLUS especially with unexpected airline cancellations, delays, or missing your flight. Very, very useful. Thanks again for the info.
I use my Platinum card for exactly the same things -- expensive items I want insurance on -- the purchase protection benefit is better than the Chase Sapphire Reserve. Also lounge access, restaurant reservations (the concierge got us prime reservations at a very popular restaurant in Vegas), and return protection. But I also really like the Global Assist capabilities -- medical evacuation benefits even if you don't use the card to buy the plane tickets! But it doesn't have as good trip delay, trip interruption, or baggage delay coverage as the Chase Sapphire Reserve, so I don't use it for plane travel either. I also prefer Chase points to Amex points because Chase points can transfer to Hyatt which can get you some ridiculous multipliers (I just booked a hotel at a 4x multiplier -- I've seen one Japanese hotel give a 10x multiplier on a reservation!)
I appreciate you using the zoom in and out it held me attention. Using the highlighter on each specific topic was helpful. Thank you for adding the link for selecting a credit card which might work best for me. ♥️
I’m in a lot of credit card groups and I’m really surprised at how many people own the platinum. The card does have its uses and can be very valuable to certain people, but no matter how many times I look at the benefits I’m still not convinced the majority of people can get positive returns with this card.
Depends heavily on where you live, how often you fly, and how much you make. 1) Making a minimum $55k per year helps a lot. 2) Living in a coastal USA region with Uber service. 3) Routinely flying roundtrip twice a year or more. 4) Fly roundtrip internationally at least once every other year. 5) Use Amex offers for routine spending.
I had one for 10+ years and used it for lots of international travel. Bonuses not much use and the fee in OZ was very high. So I dropped it back to a Gold card.
I received the Centurion Card in 1999 when it was first issued and I'm a Charter Member. I also have the Platinum Card for my partner and for business use under the main card and find that the benefits are similar, except the dedicated Concierge. The annual fee for Centurion is quite hefty but definitely worth it.
@@dearsophiebrooke there's a list of them in the Fine Hotels and Resorts search page, we stayed at Belmond and was upgraded next best available room, then given $100 food and drinks credit then got free breakfast for two.
I actually like the Saks credit. Saks is just overpriced in general. I don't use uber at all (i'd have to force it). I'm going to fly delta (and use the credit) for all flights within the U.S. I never pay the annual fee in one lump sum I run multiple bank accounts for different things. By the time the platinum wants their annual fee it is already accumulated in my annual fees account. I may not use 100% of everything the card offers but I haven't found a card yet where i'm able to do that.
I've had mine since October. Got it for the bonus points when paying the deposit on a nw car. It's now February and if I add up the perks (hotel upgrades, lounges, offers applied via the app (some are really special!) then I am at around £750-£800 fora card that costs £575 in the UK already. It's exceeded my expectations and I've not yet used my points.
I use it often for travel and Amex offers. Also because I personally don't want multiple premium credit cards when 1 could do 95% of the job (Too many cooks in the kitchen concept). - $200 Uber credit gets used to 100% because I live and work near Uber's headquarters. -$200 airfare credit gets used to 100% for either gift cards, luggage fees, or taxes on international flights. -$100 Saks Fifth Avenue credit gets used to 100%. Mostly for socks or baby onesies for my infant.
I've only used the extended warranty protection and return protection a few times and my account has been credited within 24 hours of every claim. Also whenever I've used return protection they've never made me mail out the item. These items were certainly not a $2,000 lens so I'm assuming there would probably be more scrutiny with higher dollar amounts.
Ken S yeah I'm pretty sure return protection is only $300. The only time I used it was a $40 paper shredder which wasn't powerful enough but they told me I didn't need to mail it out.
Nice video, the purchase protection, return protection, and 2 years extended warranty seem pretty awesome. I just realized that this set of perks on purchases makes my best card for buying large ticket items probably the Amex Gold Business card... I picked up that card off a referral for a 50k point signup bonus, so have been using the card for 4x points on gas and shipping, but that card also has a 4x category for computers equipment and software vendors, including purchases at apple, dell, and newegg. Just looked at the benefits and the Gold business card also includes the same purchase benefits as the platinum I believe, so I think the ability to earn 4x at say newegg or dell for large purchases (which include a wide range of products apart from computers) makes it possibly the best card for large purchases. The $295 annual fee with no credits does make the Gold Business card more difficult to justify as a keeper after the first year unless you spend alot on shipping costs or advertisements, but given that the card also earns 20k points per referral (vs. 10k points on most other amex cards) I feel like its not hard to recoup the annual fees but using is as your first option for referral bonuses... For example, this year I already got 2 referral bonuses for an extra 40k amex points. I think my plan will be to actually switch to using the Amex Business Gold primarily for 4x on gas and computer vendors and to always try to buy any large purchases on Newegg using the card.
Oh I see... its not exactly the same purchase protection on the Business Gold Card, the difference is that on the Business Gold card it doesnt include "lost" items, whereas the Platinum does...
None of the Air, lounges, and Uber I value a $0 since I live in Sarasota, FL. I do stay at hotels and cruise. I will be getting the Chares Schab transfer. Also the hotel levels is a good peark as well as Global Entry.
Thought you might like this little story. I received my platinum card box. When I opened it the card fell out and it was dirty and the front of the card has a flaw on it. Whoever packed it didn’t peal the adhesive in the box to secure the card. Outrageous!!!!!!!! I know, I know first world problem but for a $550 card, WTF??? I called Amex and, of course, they apologized and are making a note of it. I can get a replacement after 10 days. What would you expect Amex to do to make amends?
I like the Platinum card but also understand the people who say it's the most overrated card out there. My 2 cents would be the ONLY Platinum card I have and would get is the Schwab card. If you have any other Platinum card you're losing a great benefit.
So basically take an Uber when you go out and fly delta or southwest and buy 1 shirt a year from Saks and basically you get your value of your card credited back to you? Doesn’t seem hard at all. Good way to look at it
I was happy to watch your video but that ended when I received a letter from American express last month. I was informed they have discontinued these benefits; road side assistance, travel accident insurance, extended warranty, purchase protection, return protection. This takes effect on 1/1/2020. May be time to look elsewhere.
I know you don’t use it for hotels but if you enroll yourself in the Marriott bonvoy or Hilton honors can you still get 5x the points on their property? If you did? Thank you because I want the Marriott bonvoy brilliant and I like Hilton properties too but I don’t want to get both when I can just get the American Express platinum card if I can get 5x is good enough for me.
I have the CSR and find it so much more valuable and flexible: CSR has all the same purchase benefits and I actually use the card for travel and food for 3x. What does everyone purchase on the AMEX Platinum? Sebby doesn’t do airfare or hotels - beside high end tech equipment what else do you use it for? Also I don’t use Uber or travel credits or Saks. Considering Hilton Aspire. Thoughts?
Aspire is a solid pick: th-cam.com/video/k5fKujyPGxQ/w-d-xo.html Sounds like the Platinum doesn't make sense for you. For me it's a $50 effective AF to get into lounges (Centurion and Delta SkyClub since I fly Delta mostly for domestic). Insurance is cherry on top. Like most things in life, your mileage may vary (YMMV).
Just got a new Platinum card and there are chips/tiny dents in it for some reason. Is it too much if I were to ask for a replacement already? Also, is there really a difference in weight between the contactless and non contactless?
So i am going to make a big purchase this week, which is an engagement ring worth $5-$7k. What credit card would you recommend? I can pay in full, i just wanted to get some benefits since i will be spending that amount of money.
Do you know if the hotel points (ie from Amex Hilton Honors or Amex Marriott Bonvoy) can be converted to Amex Membership Rewards points? If so, do you know what is the conversion rate and how to convert them? I know MR points can be converted into Honors Points or Marriott Bonvoy Points. Thank you.
Okay, I know this has nothing to do with the video but I need help with something from people that know a lot about credit. I have no credit history what so ever just starting brand new in credit. So I’ve recently just applied for a secured discover it card with a limit of 200$ was (accepted) what I was thinking was paying my phone bill with the credit card phone bill is like 120$ then paying off that 120$ balance quickly with my bank debit card then use the 200$ balance throughout the month for Uber rides, foods, expenses pretty much then paying back in full again whenever the monthly statement comes like that I can pay off the credit in full every month. So what I’m asking is me using the card for my phone bill then paying it back with my bank quickly even worth it? Sorry if this was confusing appreciate any feedback on this just want to know if this method will help me increase my credit effectively.
There is a promo for 20% more points when you transfer membership points to Hilton. Is this one or the highest value for redemption now? I have trouble figuring out what points are worth. @asksebby
I would love to get the platinum card but I cannot justify the 550 per year annual fee, I don't use uber and don't travel enough. I pretty sure a lot of people have this card for status reasons, amex if you are listening roll out some new benefits or lower the fee!!
Is there any new data points on how to use the Amex Platinum $200 airline credit. Before, we were able to get Delta $50 gift cards, but I herd that that has been phased out. Does anyone know if you travel internationally and purchase Duty Free items onboard the flight, would this trigger the Amex credit? Thanks! @asksebby
Hey Sebby! If you have the Amex Platinum and opt to add an additional user (but with a gold card instead) will that additional user receive the 4x multipliers when using the gold card issued under the Platinum card? (hopefully that makes sense)
Hi Sebby, I got an invitation from AMEX Platinum card, but I feel I'm not ready yet for $550 annual membership though travel benefits paid off in the long run. Is my question you think Amex will send another invitation to apply for the Amex Platinum card? Thank you.
Will downgrade to Gold. Amex prices always $10+ higher when booking hotel or airline tickets through their website. These extra dollars outweigh the 5X points you'd receive.
I still like the 5x travel categories (AMEX travel, Airlines, Uber). I never use the Platinum outside the US. Lounge access is worth the annual fee. I am a fan!
Corey WARNER probably chase reserve. It is primary in the USA and internationally. Read the fine print since if your a resident of some states it will will act as 2ry.
This is a SICK card if you are active duty military!!! The annual fee is waived on all AMEX cards for the military!!! militarymoneymanual.com/american-express-waives-all-card-holder-fees-for-active-duty-military/
I am tempted to apply for it but I don't want my CS to go down. Does Amex do a credit pull for existing customers and does it count as a new account? Just wondering since it is technically a charge card, not a credit card.
I keep asking myself if the Platinum is worth it. I’ll get +EV in year 1 easily. I have a good base of cards. Should I just go for it and try it? I think I could stomach cancelling in Year 2 if I have to.
This is the best breakdown of how to use this card I've heard so far. Everyone talks about the Uber and travel credits, but nobody has laid out such a comprehensive plan. Great job!
We just got our card 3 months ago... and so far we're using it for everything...uber, saks, lounges, ALOT of travel, airline credit. Thank you for your videos... clear and concise!
Best card for Active duty military, as the $550 fee is waived!
Are you active duty military. Its a generous offer however are active duty military folks able to use the benefits like a civilian. are they flying under the federal government dime or are they paying for airfare with their card?
I hope other companies are inspired and will do stuff for our active duty folk as well as our veterans.
Daryl liggins I am active duty, stationed in Japan. I am able to use all features, I fly home on my dime to visit family and am able to take full advantage. Love this card! Thank you for your kindness.
@@benpohl6380 Thank you for your service. Lounges should let you in with just a military ID. This is great to hear Ill be sure to pass this along.
Hey Ben, how?
DAVE H if you are active duty contact AMEX, they will require you to provide proof. Then they waiver the fee. Super easy.
I use my Platinum for Flights (unless I need the Travel Protection, like Hurricane prone areas) and that's it. I use it for the Lounge access, Saks, Uber and Amex Offers. Within a few months I pulled even.
I use Amex Platinum for expensive purchases that may get lost, stolen, or damaged (esp if I buy it abroad).
Last year I got $400 though Amex offers on Amazon. This year I broke a 90 days old iPad Pro and the replacement cost was $700 - Amex purchase protection quickly reimbursed me. This card is definitely a keeper when you add the free breakfasts at Hilton or Sheratons and the lounge access. Great card!
do you have to book your hotel through Amex to get the free perks? if so, isn't this would be more expensive then lets say using hotels.com to book a room !?
The Hilton and Marriot status it gives you also allows to status match with a bunch of different brands through a chain reaction. It's a bit of work but it's another way to finesse the system and make the card even more worth it if you're willing to make a few emails or calls to status match!
I've been using mine for the lower hotel collections but there are still some great prices. Also here in Vegas, the valet parking is free at the MGM when you have the platinum card. Great extra perk!
With my Amex Platinum I learned to NOT purchase anything from Saks.com on December 30, 31 or June 29, 30, etc. as the purchases may take a day or two to show on my statements. It’s all dependent on when Saks ships the item. So my learning is to use your $50 credit way earlier than the 6 month term.
Same goes for signup bonus minimum spend. It has to *post* to your account within 90 days of you approval date.
For me it comes down to the excellent customer service and the additional gold card. Platinum card customers are often given superior service by merchants and restaurants as well.
Really there’s a difference when the restaurant sees you’re a platinum member?
@@pimpinisanoncontactsport2096 ive had my card for 4-5 years now, use it ALOT, & have never experienced a “superior service/preference”
Thank you for brining back the intro!!!
Great videos! I use my Platinum AMEX for airfare. Their 2 for 1 International, or 50% off is awesome! I bought a Business Class seat on Virgin Australia and it was half off. Amazing benefit!
Could you please explain your comment. Not too sure I understood it
tr3slech3s They used to offer 2 tickets for the price of one, or companion flys free for international travel. Singles got 50% off. As you can see, this was one year ago, pre - corona, so no idea if that plan is still available since international travel is nearly non-existent...I sure hope things will open back up very soon!!
@@TheDrgingerprice oh ok I understand now. That is pretty intriguing for sure. Hopefully they bring it back when everything calms down.
I Love the Uber credits as I would use them anyway, same with airline credit saks, etc. I do use the card for all airline purchases and some hotels (depending, if its FHC, then yes). Everyone's situation is different but those are the main reasons I use the card. Lounges are ok, but still way to crowded in the US, sometimes I leave due to the fact it's more crowded in the lounges than other places.
Thanks Seb! I have been too lazy to read all the fine print so I just waited for this video. Now I totally understand how to use my card!
Tennis Fans: US Open has a Centurion Lounge in the new Luis Armstrong Stadium
I got the card mostly for priority pass
The US Open (tennis) also has a centurion lounge. I'm pretty sure it was awesome to use last August during the heatwave during the Open. It's at the new Louis Armstrong stadium on the grounds.
I love using my AMEX platinum card for everything travel. I travel… A lot [enough to create a TH-cam Travel Channel out of it] and the benefits especially as a frequent Delta flyer are huge for me. thanks for making this video!
Acquired the platinum card to replace my delta reserve. I was rarely able to use the companion pass and the delta status boost is overrated. 5x of flights and delta club access works for this diamond medallion million miler.
Me, too. Just downgraded my Reserve to the Blue.
Why don’t you book airfare and hotels on this card? You get 5X points for both.
No protection
And hotel requires using an OTA, which is almost never worth it.
@@LeviRamsey What is an OTA?
OTA = online travel agency (like Expedia, which is what Amex travel is a facade for). With OTA's and hotels, the travel agency, not the hotel, controls the booking, so good luck with elite benefits (e.g. from the Platinum's Hilton gold status) and refunds.
@@LeviRamsey Thank you for responding since your comment is 8 months old. And I noticed that as well, I dont know if I see the benefit of using an OTA to book something just so I can get the points.
Just got pre-qualified and approved for it with 100k rewards points!!, didn't need the card but just couldn't pass the offer
Curious, did you happen to have a different Amex card before getting this offer, or did this become your first?
No
@@jasonp.1374 I just accepted the 100k offer as well. I believe it was directed to me due to me being a long time Chase Sapphire Reserve user. Ill keep it for a year and reevaluate its benifits next September.
Hey Sebby, thanks for he video. Just the use of the Lounges, 1, 2, or 3 lounges in the same international airport is a HUGE PLUS especially with unexpected airline cancellations, delays, or missing your flight. Very, very useful. Thanks again for the info.
I use the Platinum for flights, Sky Club access, and Hertz. Use the CSR for airport parking, toll roads and anything else travel related.
I use my Platinum card for exactly the same things -- expensive items I want insurance on -- the purchase protection benefit is better than the Chase Sapphire Reserve. Also lounge access, restaurant reservations (the concierge got us prime reservations at a very popular restaurant in Vegas), and return protection.
But I also really like the Global Assist capabilities -- medical evacuation benefits even if you don't use the card to buy the plane tickets!
But it doesn't have as good trip delay, trip interruption, or baggage delay coverage as the Chase Sapphire Reserve, so I don't use it for plane travel either.
I also prefer Chase points to Amex points because Chase points can transfer to Hyatt which can get you some ridiculous multipliers (I just booked a hotel at a 4x multiplier -- I've seen one Japanese hotel give a 10x multiplier on a reservation!)
So, you recommend having both the AMEX platinum and the CSR?
The PRG card covers loss. It's in the terms and conditions
Just got instant approval last night, excited put this to use!
Hey Sebby could you do a use analysis on Canadian versions of the Amex cards? Would like to hear your point of view.
Have you ever considered offering paid coaching calls bro? I’d be interested
Can you do something like this but with the gold card
Jose Agreed! Also, differences between Gold and Plat on the purchase protection and warranty extension.
I appreciate you using the zoom in and out it held me attention. Using the highlighter on each specific topic was helpful. Thank you for adding the link for selecting a credit card which might work best for me. ♥️
I’m in a lot of credit card groups and I’m really surprised at how many people own the platinum. The card does have its uses and can be very valuable to certain people, but no matter how many times I look at the benefits I’m still not convinced the majority of people can get positive returns with this card.
Depends heavily on where you live, how often you fly, and how much you make.
1) Making a minimum $55k per year helps a lot.
2) Living in a coastal USA region with Uber service.
3) Routinely flying roundtrip twice a year or more.
4) Fly roundtrip internationally at least once every other year.
5) Use Amex offers for routine spending.
Living near or frequenting a Centurion lounge is 70% of it. The other 30% is everything else, mainly purchase protection and benefits.
@@SolidLiquidFox You don't use Gold status at Hilton or Marriott?
@@akin242002 took a Platinum challenge last year so I'm Titanium. Gold has no breakfast so I dont value it much at Marriott. It's better at Hiltons.
SolidLiquidFox Exactly, the lounges are what make this card unique. The other benefits, including the status’s are not THAT special.
I had one for 10+ years and used it for lots of international travel. Bonuses not much use and the fee in OZ was very high. So I dropped it back to a Gold card.
So the the annual fee on the Platinum card is not really worth nothing unless you use the Uber and flight benefits on it
I received the Centurion Card in 1999 when it was first issued and I'm a Charter Member. I also have the Platinum Card for my partner and for business use under the main card and find that the benefits are similar, except the dedicated Concierge. The annual fee for Centurion is quite hefty but definitely worth it.
Wow, were you an early investor in Microsoft? Pretty impressive !
The priority pass membership is with almost 500 and you get it for free.. Delta club is like 700 per year
Great info... watching this from the Miami Centurion lounge now
Fine Hotels and Resorts....Platinum shines the brightest!! Free upgrade, free breakfast, and $100 credit! Let's gooooo!!
cobra2079 Which hotels can you get this kind of upgrades with the platinum card?
@@dearsophiebrooke there's a list of them in the Fine Hotels and Resorts search page, we stayed at Belmond and was upgraded next best available room, then given $100 food and drinks credit then got free breakfast for two.
I actually like the Saks credit. Saks is just overpriced in general. I don't use uber at all (i'd have to force it). I'm going to fly delta (and use the credit) for all flights within the U.S. I never pay the annual fee in one lump sum I run multiple bank accounts for different things. By the time the platinum wants their annual fee it is already accumulated in my annual fees account. I may not use 100% of everything the card offers but I haven't found a card yet where i'm able to do that.
I've had mine since October. Got it for the bonus points when paying the deposit on a nw car. It's now February and if I add up the perks (hotel upgrades, lounges, offers applied via the app (some are really special!) then I am at around £750-£800 fora card that costs £575 in the UK already. It's exceeded my expectations and I've not yet used my points.
Lounge is the best Perk of the Amex Platinum. And plaza lounge in London only accept Platinum Card not priority pass.
Good to know!
Re-make this for 2020?
I use it often for travel and Amex offers. Also because I personally don't want multiple premium credit cards when 1 could do 95% of the job (Too many cooks in the kitchen concept).
- $200 Uber credit gets used to 100% because I live and work near Uber's headquarters.
-$200 airfare credit gets used to 100% for either gift cards, luggage fees, or taxes on international flights.
-$100 Saks Fifth Avenue credit gets used to 100%. Mostly for socks or baby onesies for my infant.
I've only used the extended warranty protection and return protection a few times and my account has been credited within 24 hours of every claim. Also whenever I've used return protection they've never made me mail out the item. These items were certainly not a $2,000 lens so I'm assuming there would probably be more scrutiny with higher dollar amounts.
Adam Smith If I recall each claim is max of $300 for return protection.
Ken S yeah I'm pretty sure return protection is only $300. The only time I used it was a $40 paper shredder which wasn't powerful enough but they told me I didn't need to mail it out.
Hey Sebby! Just got an upgrade to the Platinum from the Green card.
dang you missed out on the bonus doing that 😫
Why do you NOT use the platinum card for travel or flights?
Probably worth mentioning that Amex no longer allows you to visit the Centurion Lounge on arrival.
Discussed in Jan 2019 (1 month before this video): th-cam.com/video/VWca45F7eOQ/w-d-xo.html
Thank for explaining the warranty benefits. I'm a photographer and buy very expensive gear. It's great to know I'm covered.
The one thing it doesn't protect against is theft (outside of the first ~90 days). I've been pretty lucky with this though (knock on wood).
Nice video, the purchase protection, return protection, and 2 years extended warranty seem pretty awesome.
I just realized that this set of perks on purchases makes my best card for buying large ticket items probably the Amex Gold Business card... I picked up that card off a referral for a 50k point signup bonus, so have been using the card for 4x points on gas and shipping, but that card also has a 4x category for computers equipment and software vendors, including purchases at apple, dell, and newegg. Just looked at the benefits and the Gold business card also includes the same purchase benefits as the platinum I believe, so I think the ability to earn 4x at say newegg or dell for large purchases (which include a wide range of products apart from computers) makes it possibly the best card for large purchases.
The $295 annual fee with no credits does make the Gold Business card more difficult to justify as a keeper after the first year unless you spend alot on shipping costs or advertisements, but given that the card also earns 20k points per referral (vs. 10k points on most other amex cards) I feel like its not hard to recoup the annual fees but using is as your first option for referral bonuses... For example, this year I already got 2 referral bonuses for an extra 40k amex points. I think my plan will be to actually switch to using the Amex Business Gold primarily for 4x on gas and computer vendors and to always try to buy any large purchases on Newegg using the card.
Oh I see... its not exactly the same purchase protection on the Business Gold Card, the difference is that on the Business Gold card it doesnt include "lost" items, whereas the Platinum does...
AmEx lounge at the Barclays is the perk I use most often
Nets games? :)
None of the Air, lounges, and Uber I value a $0 since I live in Sarasota, FL. I do stay at hotels and cruise. I will be getting the Chares Schab transfer. Also the hotel levels is a good peark as well as Global Entry.
I searched this up last night and now u post this!
Thought you might like this little story.
I received my platinum card box. When I opened it the card fell out and it was dirty and the front of the card has a flaw on it. Whoever packed it didn’t peal the adhesive in the box to secure the card.
Outrageous!!!!!!!! I know, I know first world problem but for a $550 card, WTF???
I called Amex and, of course, they apologized and are making a note of it. I can get a replacement after 10 days. What would you expect Amex to do to make amends?
Why don't you use this card for airlines?
Don’t have the card yet but lounge access, credits and status make it a great card
Oh my gosh it’s 1000% the Centurion Lounge Perk!
Hey question: so the protection plan for these items only applies when you purchase via points or purchase via card itself.?
Awesome detailed breakdown of it! I have the gold one at the moment, can you do the same for that card?
Travel a lot ? , spend a lot ? -than this card should suites your needs !!!
I like the Platinum card but also understand the people who say it's the most overrated card out there. My 2 cents would be the ONLY Platinum card I have and would get is the Schwab card. If you have any other Platinum card you're losing a great benefit.
you are unable to downgrade the schwab card which is a valuable benefit to some people
So basically take an Uber when you go out and fly delta or southwest and buy 1 shirt a year from Saks and basically you get your value of your card credited back to you? Doesn’t seem hard at all. Good way to look at it
So you have to book hotels through Amex?
Wish I could use my rose gold as a plat account when upgrading. On the fence between applying for new account or upgrading.
Tp681 apply new !!
I was happy to watch your video but that ended when I received a letter from American express last month. I was informed they have discontinued these benefits; road side assistance, travel accident insurance, extended warranty, purchase protection, return protection. This takes effect on 1/1/2020. May be time to look elsewhere.
The photo for this video looks clean. Well done. 👍
Question if we buy delta by amex delta card // then can we use platinum card + boarding to use delta louge?
I had one and I canceled should i have the same card number again or I have to apply all over again?
I know you don’t use it for hotels but if you enroll yourself in the Marriott bonvoy or Hilton honors can you still get 5x the points on their property? If you did? Thank you because I want the Marriott bonvoy brilliant and I like Hilton properties too but I don’t want to get both when I can just get the American Express platinum card if I can get 5x is good enough for me.
Great video! Gives me a solid idea of how to pair this with my CSR once I hit the SUB spend next month.
Spydah3kgt CSR
@@miketrezza ?
I have the CSR and find it so much more valuable and flexible: CSR has all the same purchase benefits and I actually use the card for travel and food for 3x. What does everyone purchase on the AMEX Platinum? Sebby doesn’t do airfare or hotels - beside high end tech equipment what else do you use it for? Also I don’t use Uber or travel credits or Saks. Considering Hilton Aspire. Thoughts?
Aspire is a solid pick: th-cam.com/video/k5fKujyPGxQ/w-d-xo.html
Sounds like the Platinum doesn't make sense for you. For me it's a $50 effective AF to get into lounges (Centurion and Delta SkyClub since I fly Delta mostly for domestic).
Insurance is cherry on top. Like most things in life, your mileage may vary (YMMV).
Always great content! What airlines don't make sense for the airline credit? I thought it was for all incidental on any airline...
Select airlines only: www.asksebby.com/blog/how-to-maximize-the-amex-platinum-benefits
Hola sebby... did I do something stupid.I applied for both, the gold and the platinum. Got approved for both
Keep both and try to hit the min spend. Look into Plastiq if necessary: www.asksebby.com/blog/how-plastiq-works-and-what-you-can-pay
Just got a new Platinum card and there are chips/tiny dents in it for some reason. Is it too much if I were to ask for a replacement already? Also, is there really a difference in weight between the contactless and non contactless?
Do you get points for dining or any other purchases aside from travel?
Great information thank you !!
That bottle of Yamazaki 12 on the shelf though...
So i am going to make a big purchase this week, which is an engagement ring worth $5-$7k. What credit card would you recommend? I can pay in full, i just wanted to get some benefits since i will be spending that amount of money.
Do you know if the hotel points (ie from Amex Hilton Honors or Amex Marriott Bonvoy) can be converted to Amex Membership Rewards points? If so, do you know what is the conversion rate and how to convert them? I know MR points can be converted into Honors Points or Marriott Bonvoy Points. Thank you.
Hi sebby , why using platincard ?
Are the Platinum and Gold cards credit or charge cards?
Okay, I know this has nothing to do with the video but I need help with something from people that know a lot about credit. I have no credit history what so ever just starting brand new in credit. So I’ve recently just applied for a secured discover it card with a limit of 200$ was (accepted) what I was thinking was paying my phone bill with the credit card phone bill is like 120$ then paying off that 120$ balance quickly with my bank debit card then use the 200$ balance throughout the month for Uber rides, foods, expenses pretty much then paying back in full again whenever the monthly statement comes like that I can pay off the credit in full every month. So what I’m asking is me using the card for my phone bill then paying it back with my bank quickly even worth it? Sorry if this was confusing appreciate any feedback on this just want to know if this method will help me increase my credit effectively.
Utilization plays a role not how much you spend on the card: www.asksebby.com/blog/how-to-improve-your-credit-score-long-term-as-a-millennial
is this the same for amex personal plat for canada? the purchase and return protection?
is it still same protection if u linked the card with paypal ?
There is a promo for 20% more points when you transfer membership points to Hilton. Is this one or the highest value for redemption now? I have trouble figuring out what points are worth. @asksebby
SEBBY can I use the Saks credit at Saks Off Fifth?
What drone do you use? Please share. Thanks
Great ideas.
Car guys might see where I'm coming from but yo' anybody out there detailing' your platinum cards with some microfiber? Lol
Can I get my platinum car ceramic coated?
I would love to get the platinum card but I cannot justify the 550 per year annual fee, I don't use uber and don't travel enough. I pretty sure a lot of people have this card for status reasons, amex if you are listening roll out some new benefits or lower the fee!!
Is there any new data points on how to use the Amex Platinum $200 airline credit. Before, we were able to get Delta $50 gift cards, but I herd that that has been phased out. Does anyone know if you travel internationally and purchase Duty Free items onboard the flight, would this trigger the Amex credit? Thanks! @asksebby
Hey Sebby! If you have the Amex Platinum and opt to add an additional user (but with a gold card instead) will that additional user receive the 4x multipliers when using the gold card issued under the Platinum card? (hopefully that makes sense)
the Amex Platinum T&C don't seem to have any info on this and i can't seem to find a straight answer online. thanks!
Hi Sebby, I got an invitation from AMEX Platinum card, but I feel I'm not ready yet for $550 annual membership though travel benefits paid off in the long run. Is my question you think Amex will send another invitation to apply for the Amex Platinum card? Thank you.
Will downgrade to Gold. Amex prices always $10+ higher when booking hotel or airline tickets through their website. These extra dollars outweigh the 5X points you'd receive.
Very nice...
What's a good Amex card for first time Amex user?
Amex Platinum. Here's why: th-cam.com/video/XYd-5ls9b2M/w-d-xo.html
I still like the 5x travel categories (AMEX travel, Airlines, Uber). I never use the Platinum outside the US. Lounge access is worth the annual fee. I am a fan!
5x adds up fast with first class airfare. Individual Sky club membership is $545 a year so the annual fee is basically a wash with that alone.
Sebby witch card would be best for car rental? Insurance and related charges that are possible?
Corey WARNER probably chase reserve. It is primary in the USA and internationally. Read the fine print since if your a resident of some states it will will act as 2ry.
Corey WARNER i think the chase preferred also has the same protection.
What card do you use for flights and hotels?
CSR currently. Amex Plat has subsequently added trip delay protection though (for clarity): www.asksebby.com/blog/amex-makes-major-updates-to-card-benefits
This is a SICK card if you are active duty military!!! The annual fee is waived on all AMEX cards for the military!!! militarymoneymanual.com/american-express-waives-all-card-holder-fees-for-active-duty-military/
I enjoy your videos
I am tempted to apply for it but I don't want my CS to go down. Does Amex do a credit pull for existing customers and does it count as a new account? Just wondering since it is technically a charge card, not a credit card.
it does. just applied CS went down by 40! I'm Canada by the way
Freeze your credit and then apply for them :)
If you upgrade from existing amex it doesnt affect cs
I keep asking myself if the Platinum is worth it. I’ll get +EV in year 1 easily. I have a good base of cards. Should I just go for it and try it? I think I could stomach cancelling in Year 2 if I have to.
Or to keep from cancelling it, downgrade it to the gold instead. The Gold is pretty solid now too.
Already have the gold.
So what card do you use for flights?
Anything w/ trip delay protection: www.asksebby.com/blog/which-credit-cards-offer-trip-delay-protection