On Friday there was a “one day offer” of 50,000 American Express Membership Rewards points for a Platinum charge card, which comes with a $450 annual fee. (Offer expired)
Now I do think the Platinum American Express is worthwhile. I’m a huge fan of the card, and I do carry it, largely because it yields lounge access with Delta and American when traveling on those airlines same-day, US Airways lounge access any time, and a Priority Pass Select membership with free lounge visits for one person that’s useful internationally and in the US to access Alaska Airlines lounges.
They reimburse up to $200 annually in airline fees with an airline that you designate for the year, it’s supposed to be for checked bag fees, onboard food purchases, change fees and the like. But in practice folks seem able to get just about anything under $50 reimbursed, I saw a recent report on purchasing American’s 500 mile upgrade certificates online, one at a time, and successfully getting reimbursed for instance. They also reimburse the $100 charge for Global Entry.
Certainly the $450 fee pays for itself for business travelers, at least those who aren’t almost exclusively United flyers — since it doesn’t provide United lounge access, and since United is giving its top tier elites Global Entry reimbursement.
I did mention a first year free American Express Platinum offer for Ameriprise customers on Friday. But I didn’t mention the 50,000 bonus point one-day offer. Because it didn’t actually seem that good – it required $10,000 in spend within three months.
My first reaction was that I’d rather pay a $475 fee for the Mercedez-Benz version of the card (so, $25 more) which comes with the same signup bonus but without the draconian spend requirement to get it (requires $1000 in spend within 3 months).
But 50,000 point offers do come along with some regularity. In fact, I stumbled upon a Milepoint thread this morning which contained a link to a 50,000 point offer which required only $3000 in spend within three months. Not a one day offer!
There are tons of credit card offers out there, they change all the time, and I’m not always perfect keeping up with them all. But I do my best to know about and share the best offers that are out there at a given time, and offer my perspective on whether it’s worth jumping on an offer or waiting for a better one to come along. I welcome comments and criticisms.
Yesterday I also saw someone blog about the bevy of new benefits with the American Airlines co-branded credit cards and linked to the ‘official’ 30,000 point offer, slammed the “unofficial’ links that have been providing 50,000 miles as a signup bonus.
In fairness to those promoting the 30,000 point signup bonuses, these application pages for the more generous offers don’t detail those offers, so you can’t take a screenshot, if the miles don’t post you don’t have great proof to argue your case (though I haven’t seen verified failures of these offers, and it’s hard to imagine not getting the ‘standard’ signup bonus in any case). I’d absolutely go for the 50,000 point offers, not the 30,000 point ones, at least while those links are still live.
(None of the credit card application links in this post offer any sort of referral credit to me, just as the credit card posts over the past several days — such as for the American Express Platinum, Virgin Atlantic card, and Alaska Airlines card do not, either. They’ve just struck me as good offers.)