⚠ *UPDATE 8.17.2023:* At 10:35, the $240 Digital Entertainment Credit added The WSJ. Audible will be removed on 10.02.2023. Ⓜ CARDMATCH - Check for Targeted 150K Offer! markscreditcards.com/cardmatch 💳🤝 AMEX PLATINUM REFERRAL LINK - Check for Targeted 150K Offer! (Copy & paste into private / incognito window) markscreditcards.com/referamexplatinum 💳👉 VIEW MORE CREDIT CARD OFFERS! markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! markscreditcards.com/rakuten ⬆ (More links in Description below video)

It's no secret that the Platinum card is one of the most valuable cards ever made, but you have to make sure that you will NATURALLY get positive value from these credits. It's always fun to think about all the value we can get from our cards, but if it requires a lot of work to get that value, maybe those cards aren't for you! This is a super valuable video, Mark. Great work!

@MarkReese

Жыл бұрын

Great point about getting value from natural spend!

@ziggy29

Жыл бұрын

Yep -- if many of these credits reimburse relatively natural, "organic" spend that you would have made anyway, then the annual fee becomes a lot less scary, and a lot more justifiable even if you only fly once or twice a year. But if you are buying stuff you don't need or even particularly want, then it's not such a good deal.

@SpencerJohnsonOfficial

Жыл бұрын

@@MarkReese I know I can convince myself that I'll get tons of value from these cards even when that may not actually be the case, but that's just the lenders marketing at work!!

@SpencerJohnsonOfficial

Жыл бұрын

@@ziggy29 I completely agree!!

@knowledgeunderstanding4192

Жыл бұрын

I agree, but if you have this Platinum or any other Amex Platinum, you know what it means to make our USD go further. Great video!

This is actually super helpful. Great job actually showing how to do this stuff versus just talking about them like many KZread reviewers. You actually created value with this video.

@MarkReese

Жыл бұрын

Glad you found it helpful! 💯

Thank you so much for doing this, Mark! Always appreciate the high detail in your videos! This is super helpful as I'm looking more into this card!! 🤩

@MarkReese

Жыл бұрын

Glad it was helpful!

Well done video , very informative and easy to understand. Can’t wait to get this card.

@MarkReese

Жыл бұрын

You're next!

Super like, the most detailed Amex platinum benefits explained in KZread. Thanks Mark!

@MarkReese

Жыл бұрын

Appreciate it, Gustavo! 🥇

This was a very helpful summary of the benefits of the platinum card. Thanks a lot!

@MarkReese

Жыл бұрын

You're welcome!

Another informative and comprehensive video! I appreciate it!

@MarkReese

Жыл бұрын

Glad you liked it!

Awesome video! Thanks for the great info on how to maximize value on the Platinum CC.

@MarkReese

Жыл бұрын

Thanks Jimmy!

As a new Amex plat card member, this has been very helpful! Thank you so much for the video!! 😊

@MarkReese

3 ай бұрын

Congrats on becoming a new cardmember! Glad you found the video helpful 👍

Super help as always Mark! For me I only truly offset the hotel credit, Uber cash, and digital entertainment credit against the $695 annual fee (as these are items I’d see myself using even if I didn’t have the card). That puts me at an $55 effective annual fee, and I’m happy paying $55 for all of the other nice to have features of the card. Also, I’m working on having the corporate partner discount on this years annual fee that just posted so hopefully I can get another $150 off the $695. Who knows, maybe even a retention offer this year! 😂😅

@MarkReese

Жыл бұрын

Awesome! 💯

omg its like having a part time job enrolling for everything. lol. Very well put together video, you been nailing it lately.

@MarkReese

Жыл бұрын

Haha it sure is. Thanks Patrick!

Great content thanks for explaining my benefits was a little foggy on those airline credits. Keep the great content coming. Question is there a way that if and when I use my hotel credit how do I get credit for those stays for hilton or marriott? Or is this double dipping and not allowed?

@MarkReese

Жыл бұрын

Hi Clausell - there isn't a way to guarantee this. The Amex portal(s) are still 3rd-party portals, so I cannot say for sure that you will consistently earn elite-night credits in programs like Marriott, Hilton, etc. When using the portal, if there's a place to enter your loyalty # with the associated program, enter it. If not, then speak to the front desk agent upon check-in to see if they can add it then. I'd also double check w/ the front desk even if you were able to enter your loyalty # during the booking process, again just to make sure that the info was transferred over.

thanks for the great video...the amex platinum benefits are awesome. big fan of the walmart+, which also give free paramount+ as part of the membership

@MarkReese

Жыл бұрын

Good to hear you're enjoying that W+ membership credit for Paramount+!

Very good video!! Thank you!!

@MarkReese

6 ай бұрын

You bet!

Amazing video. Love your channel just as much as I love my amex card

@MarkReese

Жыл бұрын

Thank you! 💯🎬

Great video, thanks!

@MarkReese

7 ай бұрын

You bet!

Excellent presentation Mark.

@MarkReese

Жыл бұрын

Thanks! 🥇

Well done! Nice and very detailed video. New subscriber here!

@MarkReese

Жыл бұрын

Appreciate it, Russell! 🥇

Great video for beginers 👍

@MarkReese

Жыл бұрын

Thanks Cinthya!

Nice job Mark👌

@MarkReese

Жыл бұрын

Thanks Dj Brucewayne 🎬

Great tips to make sure you get the most value out of the AMEX plat!

@MarkReese

Жыл бұрын

Absolutely!

Perfect timing. Just got approved yesterday with the 150k offer.

@MarkReese

Жыл бұрын

BOOM! Congrats 💥👊

Well done Mark!

@MarkReese

Жыл бұрын

Thanks Trendari!

Hey Mark. What is your favorite credit monitoring app for showing alerts and detailed information on all three bureaus? I'm looking to fine tune and monitor with a strategy on applying for next few cards in a few months. I've seen you show an app when you applied on previous videos but wasn't sure which one it was

@MarkReese

Жыл бұрын

I use both Experian + Credit Karma.

I’m watching this while I eat a nice hot meal and have my thirds glass of red wine at the Plaza Premium lounge at the GIG airport in Rio de Janeiro which I got into with my AMEX Platinum🙌🏽

@MarkReese

Жыл бұрын

You're doing it right! 🇧🇷🍷

I am here early. Planing to get the Charles Schwab at the end of the year.

@MarkReese

Жыл бұрын

👊💯

You should do a watch me apply for the new US Bank Shopper Cash Rewards card!

@MarkReese

Жыл бұрын

Perhaps at some point!

Anyway to split payment on benefit #8 (bike)?

@MarkReese

Жыл бұрын

Not sure if SoulCycle allows for split payments across multiple cards; you'd have to go through the checkout process to find out. However, even if they do, the the terms for the $300 credit still say, "Must charge full price of bike in one transaction."

I have a question if I have guests and I show my Amex Platinum like at the delta sky club or priority pass lounge or plaza premium can they get in for a fee or can they not

@MarkReese

Жыл бұрын

The policies vary by lounge network: - Centurion Lounge: no free guests. All = $50 each. - Delta SkyClub: no free guests. All = $50 each. - Priority Pass: 2 free guests. Additional guests = $32 each.

@nicolasgamboa5857

Жыл бұрын

@@MarkReese thanks Mark for the information

Hi, does the Amex Platinum AU also receive the $189 Clear credit?

@MarkReese

Жыл бұрын

No. The $189 CLEAR Credit can be used by the primary cardholder & authorized users. However, it's only up to $189 in total reimbursements (i.e. AUs do not get their own credit). Here's a link to another video about the authorized user benefits (note: CLEAR was $179 at the time): kzread.info/dash/bejne/aXl9mauPY6evn7g.html

Does the Platinum Card Travel Benefits include Emergency Evacuation and Emergency Medical and Dental services?

@MarkReese

8 ай бұрын

Nope, neither. However, the Premium Global Assist Hotline may provide emergency medical transportation assistance at no cost if approved and coordinated by Premium Global Assist Hotline. You can learn more here: www.americanexpress.com/us/credit-cards/features-benefits/policies/global-assist-terms.html

@RickFarris

8 ай бұрын

@@MarkReese I chose Sapphire Reserve because I cruise every year and I was paying $1k/year on travel insurance., just to ensure I had the mentioned coverage.

Hi Mark, just a question, does an Amex platinum AU also receive the $189 Clear credit or just the main card holder?

@MarkReese

Жыл бұрын

Just replied to your other comment.

@nelsonrivera9224

Жыл бұрын

?

dude you actually are amazing for doing this ! showing how each one works step by step us amazing. i was debating between this or the gold card. I already have BofA customized cash rewards card with 3X my pick and 2X and 1X everything else . so i think this card would be more helpful compared to having another rewards card like the gold. am i somewhat right ?

@MarkReese

Жыл бұрын

Only you can make that decision for your wants / needs. The Platinum Card is awful for earning rewards, but great for benefits (if those benefits make sense for your current lifestyle). People looking to make travel more affordable will likely want to earn more rewards. People looking to elevate their travel experience will likely want to focus on benefits.

@frankieh9233

Жыл бұрын

@@MarkReese again. I appreciate you for the information. This makes sense. I was actually wondering that myself. How will I get more points after the song up bonus. And I was looking at the other card like the blue daily and the daily I realized that one of them is cash back I want to film is rewards but not that beneficial of rewards. So I might go with a gold card for a year or two gather decent amount of points and then sign up for the platinum since I'm eligible for both.

@MarkReese

Жыл бұрын

@@frankieh9233 - There's a big difference between cash back vs. travel rewards. Determine which you want prior to getting more cards 👍

@frankieh9233

Жыл бұрын

@@MarkReese i was offered the 90K points on the gold card so i jumped on it ! again thank you so much for your work on here ! alot of people find it very helpful !

@MarkReese

Жыл бұрын

@@frankieh9233 - Congrats!

Hey Mark, whats your personal view on authorized users with the platinum? For you personally, would you have your p2 be a AU on your Schwab platinum card or would you have them get their own Platinum?

@MarkReese

Жыл бұрын

I personally don't like adding AUs because I don't like people relying on me / my account being open for them to use benefits, make charges, etc. I just like to have control over things that are financially related. However, the more objective / monetary perspective angle would be: "I trust Person X, and the cost would be $175 instead of $695 for up to 3 people." It's an excellent value & I'd recommend it to the right people. I'm just not one of them.

Do Uber credits stack with other AMEX cards, i.e Gold and Platinum?

@Buncobabe

Жыл бұрын

Yes. Add both payment methods to ur Uber account & ur credit total will show $25 ($15 Plat & $10 Gold).

@MarkReese

Жыл бұрын

Hi Stephen - Yes, the Uber Cash stacks from the Platinum + Gold Cards. You'll need to have both cards added to your Uber Wallet for it to work.

If I already have Marriott Gold Elite status, will it reset my points & nights to zero? Or would it just be better not to enroll through Amex and maintain the traditional enrollment through Marriott only (same with Hilton)?

@MarkReese

Жыл бұрын

It will not reset anything. However, there's no need to enroll if you already have Gold Status; there's no additional benefit to doing so.

@yolandamason3493

Жыл бұрын

Ahhhh, perfect...wanted to make sure that by not doing so, I wouldn't be missing some extra perks. I could add my husband as an AU so that he could get those elevated statuses though (he doesn't have them already). Thanks so much!

What's the best car to transfer balances to

@MarkReese

Жыл бұрын

Look at cards offering 0% APR on balance transfers specifically (not only on purchases). Some good ones right now are: - Wells Fargo Reflect (18 mo. | Up to 21 mo.) - Citi Diamond Preferred (21 mo.) - Wells Fargo Active Cash (15 mo.) - Capital One SavorOne (15 mo.) - Capital One Quicksilver (15 mo.) You can view a lot of these cards in one place on my site at: markscreditcards.com/offers Scroll down to the "0% APR Credit Cards" section.

@travelingecho

Жыл бұрын

Thanks I'll it a look

Great information- btw right now I am sitting on an offer 150000 points after 6K spend in 6 months - I don't travel at all - doubt if this card is for me - I already hold 3 AMEX cards - what's your take Mark ?

@MarkReese

Жыл бұрын

If you don't travel, then pass on this card.

I can't think of any reason to get this card other than unlimited lounge access 😕... I really want that. I fly pretty often. So is $700 a year worth it??

@MarkReese

Жыл бұрын

Depends on what 'pretty often' means, how much you value it, and if the lounges are located in the airports where you go.

One thing I notice you don’t have in any of your videos is majority of major card brands wave the yearly fee for current active duty military people. You have to provide your active orders as proof. Doesn’t work for traditional national guard or reserve as well as it doesn’t work for veterans or retired personnel. So they are a must have for people that can be smart with their credit cards while on active duty.

@MarkReese

Жыл бұрын

A great addition for sure! Correct, I tend to focus on the broader benefits for primary cardholders in the U.S. (and avoid discussing both military & authorized user benefits as I find those better to cover separately). Perhaps I'll discuss the SCRA / MLA benefits in a dedicated video at some point.

@Golfexpertbelieveme

Жыл бұрын

@@MarkReese you absolutely should. I think a lot of people don’t know and it could get a lot of extra views and referrals for ya if the title is done right

I received a Platinum card at least 30 years ago. I have never paid a fee for the card, not my first year or any year since. I've only used it as a credit card and the only benefit I ever used was the warranty extension on a car GPS device that failed. They gave me a complete refund and didn't even ask me to send it to them. Are there others that have a free Platinum card? Are any of the listed benefits available for my free card?

@MarkReese

Жыл бұрын

Not that I'm aware of.

Whats the credit limit on the platinum card?

@MarkReese

Жыл бұрын

It has no preset spending limit as it's a charge card (i.e. not a traditional credit card).

Don't underestimate the Walmart credit, it basically turns Walmart into Amazon and can be helpful if you live somewhere where a Walmart can give quicker delivery than Amazon does. Ends up it's the most useful credit for me, and I never would have gotten it without this card.

@CitizenZero1

Жыл бұрын

It’s my favorite benefit. I use the home grocery delivery a decent amount.

@fbx03

Жыл бұрын

You're also getting free Paramount Plus with this

@happyron

Жыл бұрын

@@fbx03 yeah good stuff

@paulstein916

Жыл бұрын

Also Walmart Plus currently includes free Paramount +

@happyron

Жыл бұрын

@@paulstein916 yeah between that and the 20 buck entertainment credit you can get alot of free channels.

Yo, Chase just released a DoorDash credit card. Can you do a review/Watch-Me-Apply video of it, please?

@adrianbira2583

Жыл бұрын

kzread.info/dash/bejne/fHqZx6uvn6qrhLQ.html A good video from Ask Sebby!

@jackiejackajaque0734

Жыл бұрын

@@adrianbira2583 cool! Thanks for the info!

@MarkReese

Жыл бұрын

I don't have plans to review the card or apply for it.

The Platinum card is something I am tempted to get, but in the future. However, all the credits that this card gets you, are all them automatic credits to your account or some of them you actually need to spend first, and then you get statement credit or something similar? With uber credit I get it, it goes to your uber account in form of uber cash. Similar Saks credit works. What about Walmart+ or Clear/TSA credit for example? Is it automatic credit or you need to spend first and then you get it back as statement credit? I don't know about other credits that you receive. I have seen people counting this toward AF offset. If you spend first and then get statement credit, then you cannot count this toward AF offset.

@MarkReese

Жыл бұрын

ALL of the credits require spending first (e.g., Spend $50 at Saks, Get a $50 statement credit). The only exception is the Uber Cash benefit. That one is not a statement credit, rather, it's a deposit of Uber Cash into your Uber account.

@TheHellSpeed

Жыл бұрын

@@MarkReese So in reality, if only uber cash is an automatic credit (like in Gold Card) then only that can count toward the AF offset. So the annual fee is offset by only 200$. And the real cost of having the Platinum is 495$ annually. I mean I can't count all the credits that I get, if I have to spend it first. That is how I see it. I am wrong with calculations?

@MarkReese

Жыл бұрын

@@TheHellSpeed - I see it differently, but it doesn't matter ✌

@TheHellSpeed

Жыл бұрын

@@MarkReese Mark, I get what are you saying and I am not trying to convert you. Of course getting credits back is great. I am not denying that. I am big fan of Amex cards. The only thing is, I don’t agree when people say for example, that Amex Gold Card with credits you get really costs you $10 annually. Since 120$ dinning credit only applies when you actually first spend your own money. To me, the Gold Card costs me 130$ annually, if you only take a count of $120 Uber credit. Thanks you for replying Mark. I appreciate that.

@MarkReese

Жыл бұрын

@@TheHellSpeed - 100% of it depends on if you'd normally spend the same money on the same purchase with the same merchant _without_ having the card. For example, I was already spending $300+ at Equinox before the Amex Platinum Card received the annual Equinox credit. So, when I pay the $695 annual fee, I view the Equinox expense as already baked into that amount. The annual fee should be a form of _prepaying_ for things you were going to buy anyway. If not, then it's a true cost. If someone gets the Amex Gold Card and they _were NOT already spending $10+/mo. with Uber,_ but then they began spending $10+/mo. on Uber AFTER getting the Gold Card, then that Uber 'benefit / credit' is not a savings at all. It is in fact a new cost that person added to their life.

Hey buddy, have a look at the benefits for Amex platinum in Thailand 🇹🇭 they just seem to way better that the U.S.

@MarkReese

11 ай бұрын

The Complimentary Night @ Mandarin Oriental + 3X Points in Your Birthday Month features are pretty cool! Not sure if points have the same value as in the U.S. though. "Membership Rewards points" don't always have the same value in different countries.

@seanf3255

11 ай бұрын

@@MarkReese Hey Mark, Thanks for the quick response, even in Thailand the annual fee is high. Seeing this is my first platinum with Amex im sure it will be worth it.

Hi

@MarkReese

Жыл бұрын

👋

I'm sorry, but I can't justify the walmart benefits because in my experience, I find that the Capital One walmart credit card is a better option

@MarkReese

Жыл бұрын

👍

I guess I'll watch another Platinum card video 😂

@MarkReese

Жыл бұрын

😁

Amex dont wanna give me the promotional points bcoz I closed a gold account like 2yts back. Is there any way I can resolve it?

@MarkReese

Жыл бұрын

Did Amex tell you that was the reason? Or just an assumption?

@roynantu03

Жыл бұрын

@Mark Reese // Credit & Finance they told me that when I didn't get my promotional points on my 2nd card. So I canceled the 2nd card, too.

@MarkReese

Жыл бұрын

@@roynantu03 - What do you mean you didn't get the promotional points? What happened?

@roynantu03

Жыл бұрын

@Mark Reese // Credit & Finance ok, so in 2017, I got amex, then I felt like I didn't need it, so I canceled n then got it again with delta sky miles, in 2019. But I never received the miles bcoz I closed an account before. I got mad n canceled the 2nd account, too.

@MarkReese

Жыл бұрын

@@roynantu03 - Were both of those the same cards (Delta SkyMiles Gold)?

No complementary access to lounges any longer?

@MarkReese

Жыл бұрын

Depends on the lounge network. - Centurion Lounge = no - Delta SkyClub = no - Priority Pass = yes - Escape Lounge = yes

@miguelrodfher

Жыл бұрын

@@MarkReese wow! No more Centurion and Delta?

@MarkReese

Жыл бұрын

@@miguelrodfher - No. Here's a link to a post by NerdWallet about the Centurion Lounge change, which occurred on 2.01.2023: www.nerdwallet.com/article/travel/centurion-lounge-guest-policy The Delta SkyClub policy has been the same for awhile, where guests were $39 each. But as of 2.02.2023, they're now $50 each. You can view the details directly on Delta's website at this link: www.delta.com/us/en/delta-sky-club/access

@miguelrodfher

Жыл бұрын

@Mark Reese, it seems that the change is only impacting guest, not necessarily the card holder for what I gather from the article “Now, unless you otherwise spend $75,000 or more each calendar year on your card, you’ll need to pay $50 to bring an adult guest ($30 for children ages 2 through 17) into the Centurion Lounge. Terms apply.”

@MarkReese

Жыл бұрын

@@miguelrodfher - Correct. I now realize I misread your original question as I thought you were asking about guests. There's no change to access for the primary cardholder.

👍🏻

@MarkReese

Жыл бұрын

👊

If only the new issued cards still said platinum on them. 😢

@MarkReese

Жыл бұрын

Now it's all about the color 😄

Hi Mark. My Amex Platinum credit limit was just downgraded from no present credit limit to a preset credit limit of $10k. I have one inquiry and a new student loan. My credit score is in the mid 700s. Have you heard of this type of incidence before or is the new trend Amex is taking during the recessionary period?

@gsctrading7215

Жыл бұрын

Happened to me too. I charged a hotel stay for a bit $400 and the second the charge went thru on my Amex platinum card I got an email from Amex that I now have a limit of $4,700! Seems like the limit reduction was an automatic system downgrade triggered by the charge.

@davejai5384

Жыл бұрын

Thanks for the response. Perhaps you should consider doing a video blog on the downgrading of platinum credit limit from no preset CL to preset credit limits. I searched KZread and couldn’t find one. Thanks again for the response and the excellent content.

@MarkReese

Жыл бұрын

Hi Dave - I haven't heard of this, though I just read a bunch of data points from other people on other forums. Did you under go a financial review? Were you using high limits on other Amex cards? What have you spending habits been like on the Platinum Card itself?

@davejai5384

Жыл бұрын

@@MarkReese Hi Mark! Thankfully I did not go through a financial review. The only item I had was a inquiry for a new student loan and the trade line hitting my credit report. I received a letter from Amex and they asserted it was due to the new account and the lower credit score of 705. My use of the card has been around $1,800 per month. I can share the letter I received from Amex if you like! Oh wait! I did use the Amex spend account to reimburse a friend for dinner. Do you think that’s why the downgrade occurred? Thanks for the response. DJ

@MarkReese

Жыл бұрын

@@davejai5384 - Interesting (and strange)! Do you have the Pay Over Time feature on or off?

Another great video! But are you okay? Your pronunciation/vocal ability seems a bit diminished from earlier videos you’ve produced. I’m just a concerned fan.

@MarkReese

Жыл бұрын

Thanks, all good! I used a different audio source & a number of issues came up during the editing process on this one, so perhaps that's why 🤙

RIP Audible 😭

@MarkReese

10 ай бұрын

Yep ☹️

This is Not a great beginners card smh

@MarkReese

Жыл бұрын

Agreed 👍"Beginner's Guide" does not imply "beginner card." Rather, it's referring to those who are beginners to the Platinum Card (i.e. they got it for the first time) and who want an explanation of their benefits.