The American Express Platinum: Worth it or Wasteful?

This video is all about who will get the most benefits from the The Platinum Card from American Express👉 rdguarantee.link/Best-Credit-... and Click "Show More" to see Ad Disclosure.
✅ Featured In this Video:
➔ The Platinum Card® from American Express: rdguarantee.link/AmEx-Platinu...
💳 My Favorite Cards:
➔ Chase Sapphire Preferred® Card rdguarantee.link/Chase-Sapphi...
➔ Capital One Venture X Rewards Credit Card (75K Bonus Miles): rdguarantee.link/Capital-One-...
➔ American Express® Gold Card: rdguarantee.link/AmEx-Gold-Card
➔ Discover It Card ($100 Statement Credit): rdguarantee.link/Discover
💬 Credit Card Consulting: rdguarantee.link/Consulting
💰 Best Financial Apps:
➔ Robinhood (Free Stock up to $200): rdguarantee.link/Robinhood
➔ CashApp (Free $5): rdguarantee.link/CashApp
➔ Venmo (Free $10): rdguarantee.link/Venmo
💎 Wallets and Financial Lifestyle Gear
➔ Andar (CODE: "Guarantee15" for 15% off) rdguarantee.link/Andar-Lifest...
✏️ My Thoughts:
The Platinum Card® from American Express is the most discussed luxury credit card in the world. The reason for that is its "shocking" $695 annual fee and the status that holding the card brings. Every person who considers the pros and cons of the card has to decide if the benefits are worth it for them. This video will help anybody who is thinking of getting The Platinum Card® from American Express decide if it will be worth it for them.
I break down all the benefits associated with The Platinum Card® from American Express including many of the disclaimers or fine print that comes with these benefits that is typically overlooked. The key to determining if this card is going to make a difference typically comes down to the credits. I'll cover the over 24 credits and benefits so you can go through the list yourself and see which ones make sense based on your lifestyle and which ones just aren't worth it.
⏰Timestamps:
0:00 - Intro
0:56 - In this video
1:44 - Benefits & Features
9:36 - Redeeming Rewards Points
12:15 - Rewards Calculator
14:13 - Final Thoughts
🚩Advertiser Disclosure:
This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned and has not been reviewed, approved, or otherwise endorsed by any of these entities. Offers are current only as the time of the video publishing date and may have changed by the time you watch it.
The RD Guarantee is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as Milevalue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity.
American Express:
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more." at the beginning of editorial articles that reference American Express products, services or offers.

[@vuho2075]

There's a 4th type - status conscious type who just wants a prestige metal credit card to impress Beverly Hills cashiers and Midtown Manhattan waiters. These folks couldn't care less about the benefits or the fees.
Kinda like "Does anyone really "need" a Mercedes?"

[@TheRDGuarantee]

Haha amen!

[@domdom2880]

Nice job bro ! Holding the gold one and looking for applying for the plat very soon 😊

[@TheRDGuarantee]

That’s awesome! Those two cards would be sweet in any wallet

[@buchiashiedu5809]

Hello I am starting an Airbnb business and the person is asking to check my credit score which I don’t have at all. I don’t even own a credit card/ or credit score. Do you have a solution?
I have been with Bank of America for a few years and I only have debit card and all my money goes to my checking account.
What will be a great credit card for starters?

[@TheRDGuarantee]

Congrats on your entrepreneur journey 👊🏼. The easiest and simplest recommendation I can give is the Chase Freedom Rise.
It's created for people with no credit score who are just starting out on their CC journey. You earn 1.5% cash back on everything, but can also use those points in the Chase Ultimate Rewards portal which gives you flexibility to redeem those rewards for anything and everything inside there.
creditcards.chase.com/cash-back-credit-cards/freedom/rise

[@buchiashiedu5809]

@@TheRDGuarantee So actually a few days ago, I just got done applying for my first credit card. i applied for Discover Discover it® and added $200 to my Secured Card Application. At the age of 26, this will be my first ever credit card.
One of the main reasons i applied is to build good credit/ score. Now the question is can i use the Discovery credit card with my Bank of America checking account.? and how much can I pay a month?

[@SpartanOfFinance]

I get targeted offers almost monthly for 150k on this card. I have never been tempted to apply. The value is really just not there for my spending/traveling needs. Maybe in the future I get it for one year then cancel since anyone can get positive value that first year.

[@TheRDGuarantee]

I recently received the 150k targeted offer (or at least a targeted offer that could be valued up to 150k MR points upon approval). I was as tempted as I have ever been to add the card for a year and see how much value I could squeeze out of it.
In the end, I decided to go with the Capital One Venture X.