Should You Cancel The Amex Platinum Card After The First Year? | 2021
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- เผยแพร่เมื่อ 4 ธ.ค. 2024
- Should You Cancel The Amex Platinum Card After The First Year? In this video we will go over whether you should cancel or keep the American express platinum card after the first year. We will be running the numbers for the year of 2021 and also touching on the years going forward.
A few factors that include signup bonuses, perks and benefits, credits, retentions, points and rewards, seasonal promotions and so on.
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Would you recommend this or the Aeroplan reserve card as a keeper?
Hope we can start traveling again. Thanks for your content!
Me too! Thank you for stopping by!
I think the platinum is still exponentially better than the VIP cards
For most people that's the case!
Does amex do credit check even if you have other cards with them ?
From my experience when I applied for the personal platinum (I had business platinum at the time) they didn't run my credit
Alright then
So the third option where you wait until June 20th is for year of 2022?
Best youtuber ever
New subscriber:) Thanks for making these videos. I need your help as I have a Amex platinum card that arrived a week ago. My wife is a hardcore Air Canada traveler and is wondering if we should apply for the TD Infinity card instead. I would prefer the Amex platinum card. She already has has the Marriot gold status and is wondering if her status would hit the the next tier if we keep the Amex Platinum card?
Hi Stephen! Thank you for stopping by! If she is already marriott gold then the amex plat won't bump you to the next tier unfortunately :( However you guys could find the lounges handy for your travels. If ya'll fly air canada a lot then yeah the TD infinite comes with some great perks like free checked bags and better "point pricing" when you are a aeroplan card holder. Hope that helps :)
Just got mine after having the Cobalt!
@@CheekyBird790 A few weeks 2-3
Hi! Hope your doing well! I cancelled my Amex Platinum card I believe after One Year. Can I still reapply and get the Amex Platinum perks when I re-apply! Thanks! Peter
Hi Peter! You will still get the perks how you will not get the signup bonus again (or aren't supposed to)
Always downgrade a card
Uuh no.
Never cancel cards! In general, it's best to keep unused credit cards open so that you benefit from a longer average credit history and a larger amount of available credit. Credit scoring models reward you for having long-standing credit accounts, and for using only a small portion of your credit limit.
Terrible advice. it’s a $700 card per year. Yes cancelling is worth it
@@cryptex9580 It's better to just downgrade to a no annual fee product