💳 Sebby's Card Picks: www.asksebby.com/credit-cards How to find an elevated Amex Plat Offer: www.asksebby.com/guides/amex-plat-cardmatch 💳 Amex Platinum Card Calculator: www.asksebby.com/credit-card-reviews/amex-platinum-card

@jusgrod2114

Жыл бұрын

is AMEX still a charge card gold and plat since you pay over time now??

@Philippewert

Жыл бұрын

💳 Can you please make a video comparing in detail the differences in the travel protections (trip cancellation, car rental protection, trip delay, lost luggage reimbursement, etc.) for the platinum, venture x, CSR?

@issenvan1050

Жыл бұрын

The very same title on CNBC!

@petersmith2040

Жыл бұрын

The Platinum Card is a joke for their high annual fee and low MR points earn rate despite it being a travel card. It doesn’t give much tangible value for the price of its annual fee. What it is is a piece of metal giving the cardholder bragging rights and status symbol.

If Amex wants to make the Platinum an everyday spend card, they have to do something with the multipliers. Maybe add 3x on dining and 1.5x on everything else in addition to the 5x on flights. This would encourage people to take the card out of the sock drawer and use it. 💳

@darrenchen2058

Жыл бұрын

I already see people use it some everyday use like buying a coffee or bubble tea.

@billygagliardo7730

Жыл бұрын

@@darrenchen2058 not very smart of them. Gold card would give way more points on those types of purchases.

@benrogers2302

Жыл бұрын

The multipliers are so bad with platinum it won’t be my go to ever.

@benrogers2302

Жыл бұрын

Chase trifecta forever!!

@ziggy29

Жыл бұрын

See, they don't WANT to make the Platinum an everyday card. Want great multipliers on dining and groceries? Get the Gold card. Want good multiples on other travel besides airfare and hotels that get the $200 credit? Use the Green. It's not their business model for one card to be all things for all situations. Like it or not, it works.

I got my first Amex card in 1981 (Green Card). I’ve had the Platinum Card for about 20 years. During all that time, I’ve carried a few other Visa cards in my wallet, but my primary spend card has been Amex. It’s worked out really well for me. I admit I probably don’t recoup the whole $695 annual fee, maybe I recoup $500 in benefits. But wait - there’s the points. Since maybe 2008 or so, I have used my points for one and only one thing - roundtrip Business Class on ANA from LAX to Tokyo. I haven’t done the calculations, but I’m pretty sure I’ve come out ahead. 💳

💳Personally I really want to see Amex add some multipliers for entertainment. Movie theatres, amusement parks, museums, zoos, etc. I feel like this would be something that could appeal both to the upper and lower classes

@bronxishomenomatterwhereig3149

8 ай бұрын

But AMEX branded itself as a card for the upper class. That's why merchants are willing to pay extra to do business with them. AMEX brings in big spenders to their business. To start catering to much less affluent customers. Would go against their clearly successful business model.

Amex has done a great job at marketing. Gotta give it to them. 💳

💳 The Amex customer service is worth the cost of the card for me

@majiklantrn

Жыл бұрын

100% agree with this.

It's kind of amazing how Amex controls the whole process, but visa and Mastercard are still cheaper

@poppy87

Жыл бұрын

Visa band Mastercard just have so much more volume and are the majority of debit cards as well.

@poli6884

Жыл бұрын

What about discover? Discover also controls the whole process

@poppy87

Жыл бұрын

@@poli6884 they don’t sign up other banks to issue cards though.

Living in Hawaii, Walmart+ free shipping included with Amex Plat is worth it for me. I saved thousands in shipping fees alone.

💳 American Express has been very good to me, and I think they are a great company. My first card with them was the American Express Delta SkyMiles Blue. I then got approved for the Blue Cash Preferred (going to the Blue Cash Everday to get rid of the annual fee), and I also hold the No Annual Fee Hilton Honors card. These have been great for me. I and my wife have a Church, and her credit score is a bit higher than mine, so we applied for the Blue Cash Business Card yesterday and she got approved. Thank you for the AMAZING content. Be blessed.

Having been a member longer than most of your audience is old, I remain a raging fan of AMEX. I still learn new tricks for maximizing rewards in every video! 💳

5 card setup: Personal Gold + BBP, Delta Reserve, Hilton Aspire + Hilton Business 💳💳💳💳💳

8:09 whenever I'm at home and my parents have the tv on, you notice that tv channels ALWAYS remind you what channel you are on. "You are watching CNN." or "You are watching Disney Channel"

I’m a plat and gold holder . So far the experience has been great . I have one credit card for pretty much every category available to make the most of my points .

💳 I'm one of the plat card holders in ATL...I do feel like a good number of the like 'best' benefits are more focused at NYC. At least they'll be opening the centurion lounge at ATL (we'll see how crowded that gets...) I think Amex has a good strat. They've got me tied into their system.

OMG in the '70"s i always used Amex traveler's check when I traveled in Europe. They even had travel offices.

I would say, the platinum would be a killer if they shift from Equinox to all Gym memberships 🤯 Also, if it changed the BCP from cashback to either cash or points 😱

@notoriouswillyb4390

Жыл бұрын

If it applied to soho house membership too 😂

You knocked it out of the park on this one👍🏾 I'm "almost" all-in with Amex, having both the Bus and Pers trifectas. Their customer centric focus permeates all their service offerings very nicely💳

I don't know if anyone provide this perspective previously. I worked for Amex and what I've noticed is 1. Amex is not only a credit card, Amex provides events for rich people to connect with each other. Eg, the annual golf tournament for centurion card members, luxury car presale dinner events and etc. Those invitation-only events are great opportunities for those upper-class people can meet each other and exchange their resources. 2. Amex also collaborate with amusement parks, such as Universal Studio (Super Mario theme park) you can use "Japan Issued" Amexplatium card to buy VIP access tickets ( other Amex card issued by other country doesn't work is annoying)

Amex needs to revise their Green Card as a $95 annual fee card to compete with Chase Citi Capital One and the likes. The multipliers are good but if they add a 3% for groceries and maybe even 3-5% for EV charging or purchasing renewable energy and eco-friendly products. It will give the Green Card some "green" credentials!? That would give it the leg up of their competitors that offers every day spending and eco conscious (younger and probably affluent) spending.

Platinum is my one card to rule them all. The one and only card in my wallet. Are there better cards for everyday use? Sure but I think I get enough benefit out of my Plat to not need anything else.

@garfieldbennett4140

Жыл бұрын

Agreed x 2

It’s important for most people to not look at the credits that come with platinum at face value. Discount for time value of money, lower portability, and increased price conditions among other factors. For example, even though I use Uber all the time, I value the credit at about $150 instead of $200. 💳

@quAdxify

Жыл бұрын

It depends a bit, if you spend more than $15 on Uber every month anyways it is literally the full amount without any extra effort. The same goes for other credits but yes, of course, some are not as useful. The Walmart one, for instance, is nice but most people probably wouldn't get it otherwise so it certainly is much less than the 150ish.

💳 At first I thought the addition of Walmart+ to Amex plat was strange too, but I activated it and it's been a great convenience. Also isn't it known that millionaire types like shopping walmart? So maybe it's not so strange after-all?

💳 Amex generally does an excellent job at fostering relationships with its consumers, even if it's inadvertently. I've met far more people who absolutely love Amex than I do who hate them. There's a reason they're so respected! This was a fun one Sebby. Thanks for sharing!

American Express and Wells Fargo bank were started by the same people. Henry Wells and William Fargo.

💳 Lol I decided to buy some Amex stock after watching this video. That in tandem with actually using their cards too. It reminded me of a quote Warren Buffett mentioned that the brand of Amex is part of its market cap.

can you make a video on how to get the Morgan Stanley American Express Platinum card in 2023? I don't care about getting the 695 credit. I just want to know how to get the card itself.

💳 Amex Gold is my everyday carry. Much better multipliers than Platinum. I pull that out only when I travel.

💳 I've had the Platinum for about 3 years, likely cancelling it this year due to new lounge policy, we recently flew Sky Harbor and noticed no difference in crowds. Stinks having to pay $30 for my son to consume a cookie. Unfortunately don't have much of a choice until the new Sapphire Lounge opens. Maybe I'll switch it to player 2 so the bonus can offset the cost of all additional guest lounge visits 💳

@atl3630

Жыл бұрын

What’s wrong with the lounge policy? You still get into the lounges.

I don’t know… I dig the Walmart membership. It’s more useful to me than Equinox. My equinox is closer to me than my local Walmart and I’ve been a member in the past but not currently. Now if they want to give tonal and/or peloton (not any of the competitors) I’d be real happy. Maybe I’m not wealthy enough.

@Real_Natural

Жыл бұрын

Also I subbed to the Walmart + because…. People we need competition for Amazon. We must learn this lesson. And with Walmart + I don’t have to fight parking lots or slow lines. It seems like an odd pairing but it might be brilliant for the competition.

So many people have an Amex idk if you even need extremely high income anymore. What I see when I see people with them is just someone who is also more financially literate (owns stock, understands money in general)

good analysis, what about amax checking, you could cove that. and talk about why its a safety net. ok well see if you get that.

💳 I love a great reacts video to an original video I also watched. Thanks!

@AskSebby

Жыл бұрын

Awesome thank you!

I watched the CNBC video a couple days ago and still watched your video all the way through. Fantastic input! Also 💳

@AskSebby

Жыл бұрын

Thanks Jude :) Tried to edit parts for pacing, knowing that a lot of people probably watched the original already!

I love the way you summarized the in 3-4 points. Great job.

Gen X here. Don't know if we're wealthy or not but I don't consider us as wealthy. Me and my player 2 have platinum as our travel and general coupon book. Had it for at least 8 years now. We added the Gold personal about 4 years after that for mostly groceries (GCs). Oh, since we ship a lot, we have gold business and that will pay for our business class trips. I know this is very YMMV about Walmart+, but because of it, we're able to use it to get gas at Sam's Club. So for our family, even we don't really swipe our platinum we take the benefits that come with it. The rest we just put on the gold. Everything else we put on CSR, Venture X, ink business plus. Not a perfect set up, but it works out well for us. 💳

@henryzhang7873

Жыл бұрын

You have a business, ship enough to get enough points to fly, etc, you are more wealthy than the vast vast majority of people. 50th percentile in the US is $71k per household.

9:36 - "Feel to you as the customer that this program was custom designed for me." Then why am I getting all these wine offers???

The reactions I get from just a rose gold are hilarious.

Responding to your comment about which cities feel like the card is designed for them- in Atlanta and loving the Vanilla Plat. Gets me into any of the 9 SkyClubs in ATL and does so with many more annual fee subsidizations than other cards that have that perk (Delta Plat, Delta Reserve). I will admit that the "events" categories and perks feel very New York focused. Also no Equinox in Atlanta but I wouldnt join Equinox if it were on the first floor of a building I lived in.

@ziggy29

Жыл бұрын

It's good for folks in Atlanta, because Amex has a pretty tight partnership with Delta.

People with reimbursable expenses are in a great position to use Amex cards

💳💳i am an upstate ny student and i took gold card from amex because i use it to go to restaurants and pay my tuition although i pay my balances in full is it going to affect my inteo bonus for cards like platinum in future since i don’t spend a ton on anything els but tuition

I have a very stupid question. I only have 12 months of credit history And credit is 740. Should I apply for the amex gold? I don't pay any rent and have a decent full time job

@ziggy29

Жыл бұрын

You can check whether or not you would be approved without a hard pull, so there is little risk in trying as long as you really want the card if you are approved.

@oshentisei

Жыл бұрын

@@ziggy29 I got approved a few hours ago but thank you

Excellent video. Love Amex high end cards. Great perks, front of the line access during travel is huge

💳 I want an Amex platinum so bad. But haven’t been able to make sense of it.

💳Found your channel through my friend @30AndAWakeUp Kevin during his livestream today. Subbed to you as well. I have been an AMEX holder since 1997 and a platinum member since 2014. While I originally got the platinum for some Delta miles and perks, your video made me realize I am not taking advantage of all that platinum membership offers. I will definitely investigate this more. I try to put my entire life on my AMEX card and pay it off at the end of the month religiously. On another note, I like how you presented this topic and mixed in the CNBC piece with your own thoughts. 👍👍

Have you taken advantage of the Premium Private Jet Program that Amex offers to its members?

I only have 6 credit cards but AMEX is my main card just because of their customer support. Top notch as always. Easy to talk and doesn't sound like a robot.

💳 Great insight on American Express and History. Thxs 👍

As a Centurion card holder I enjoy the lounge access and the meet and greet at airports. The concierge and supposed personal assistant service has been useless. The endless list of save $5 etc. with vendors is just annoying. Either make it worth while or stop offering it. I find it interesting that you say the Platinum card is the least valuable as it offers 5x on airline airfare purchases where as the Centurion card does not. Also, with the changes to earn status on American Airlines now tied to spend, the wife and I are putting the majority of spend on the Citi and Barclay AA cards so that we both now hold Executive Platinum status with AA. This is more valuable than the mid tier Delta status offered with the Centurion. So all in all, we don’t put spend on the Centurion but retain it for the travel perks.

💳As someone who lives suburban/rural (edge of the suburbs) the value for the Amex just isn't there for me. I don't rideshare outside of when I travel. I don't order food out a lot. The streaming credits are probably the most useful for me, but there's no way I'd recoup my annual fee with my current spending habits.

1:33 that is also how Discover cards work. But why didn’t Discover become another Amex?

@notoriouswillyb4390

Жыл бұрын

They actually do. My corporate cards have all generally been master cards. As well as many airline cards 🤷🏻 they just don’t really compete with Amex. Not in the same way. They don’t need to. Not everything needs to be a direct competition to be good for their customers.

💳 I have a few American Express cards. I like them over other companies but the only issue is that I don’t like that they raise their annual fees.

💳 I have had nothing but good fortune wit amex ....must say I'm still loving the flex🤷‍♂️

AmEx Platinum card card holder for nearly two decades. Overall good experience and still a fan of American Express. We'll have to see what the future brings

💳 this is one of your best videos. Though it was a video review, I found your commentary really insightful!

The best value going is the Amex Platinum thru Morgan Stanley... its free if you keep money on deposit with them. I feel like they pay me to use the card and the perks.. even better we get two cards for free...

Apple card prediction 10 months ago! You got it right Sebby! ✅

💳... Amex is the best at keeping you hooked on spending. I wish they had more offers of known retailers.

Lol @ 14:14. She has SVB in the background 😅💳💳

I'm an Amex card holder and I absolutely enjoy it. 💳

Anyone else having déjà vu watching this video?

In Denver the reward’s definitely feel like they are for New York.

Thanks for posting!

💳-Just got into Amex in 2022. I have been a huge fan thus far. Customer service has been spot on the couple of times I have called them. I am currently working on the Business Gold intro bonus which is 110k points. Was lucky enough to get the 150k Plat, 90k personal Gold bonuses as well.

Platinum cards are just not worth it for me. I live in Alabama. This may come to a surprise to some of you but there aren’t many things here that fit that AMEX experience crap. But the chase trifecta….. that gorgeous work of credit card holiness doesn’t miss. It’s fantastic for racking up points and it’s so reasonable at 95 a year with CSP. Convert people!! Don’t fall for the silvery hype

Thanks. Lots of good information. I’m having problems justifying owning the platinum because the benefits just aren’t there for me in Portland. 💳

Amex platinum is shockingly overrated. Those benefits/credits are NOT FREE! You pay nearly 700 dollars for that and redeeming credits doesn't earn you points. Not to mention the multipliers are the worst. It's just a flex card and people don't want to admit it.

Hello. I have a question. I travel to PR often and have to rent a car. My car insurance does not cover PR and for that reason I have the Chase SR. If instead you have a card that only provides secondary insurance like Amex Platinum, how to go about making them become primary

I will say this. AMEX customer service is unrivalled. They are the chick fil a of credit card companies when it comes to customer service.

9:22 I don’t know. I’ve felt that the Chase offers have been more usable for me than the Amex ones for the past two years.

@curmudgeonextraordinaire1884

Жыл бұрын

Agreed. Most of the Amex offers are from obscure, boutique type stores. Chase offers are things I would actually use.

@ezioaltairac

Жыл бұрын

@@curmudgeonextraordinaire1884 Yeah definitely. Chase offers more bigger merchants that I actually use.

Headed to Thailand in March🎉 God Bless you Sebby 👍

Do you have an opinion on the Platinum card perks of the US vs Canada? The US appears to give a lot more.

💳 I love Amex!! Their cards give me access to luxury experiences that I usually wouldn't go for on my own.

They need to improve the Vegas lounge. It's so packed and outdated. I was just there like 10 days ago to see Adele. Denver lounge was pretty good.

@AskSebby

Жыл бұрын

Yep. Circling back to Chase right now as we speak.

Hi Sebby, new to you channel. I like it. Whats the difference in concierge services between Centurion and Platinum?

As a fellow San Franciscan, it is sometimes frustrating you’re shut out of some of the extra perks not being in NYC, or to a lesser extent Los Angeles.

I got my first Green card in 1979,as I traveled more I progressed to the gold card then the platinum card I used the business card for 25 yrs.about 5 yrs ago I traveled less so not able to justify increase in platinum fees plus Amex told me I was to white to have their card.I decreased to Gold card. I may increase to platinum again since I traveling more. Internationally I always appreciated the card’s ability. I rarely go to Walmart-I have. Used their online delivery twice

💳💳 Thanks for flagging this story and providing your commentary.

Red Alert! 🚨 Today at Walmart all current stock of old school gray Walmart VGCs were void at the register. Hopefully it's just temporary. I am hearing that there is a bar code scam going around. Do you know of any good resources for info?

Walmart+ does not surprise me since there are many people with money who shop at Wal-Mart. A friend lived in a fancy neighborhood, since he did have money, and found it humorous when he ran into his neighbors at Wal-Mart, especially the ones who said they did not shop at Walmart.

💳 Interesting to learn how Amex makes it's profits, which are centered around transaction fees! Are there benefits to putting more spend on Amex cards, aside from the multipliers/sign on bonus? e.g. better targeted offers, retention offers, better approval odds, etc?

@uBrandn

Жыл бұрын

i.e. you are deemed a profitable customer and Amex wants to do more business with you

Yes. Noobs like me are in the greylist. I got my Amex when I was a student and now they wont give me any welcome offers on new cards.

@mrb152

Жыл бұрын

Same, I’m high income, travel three times a month and would be profitable but they won’t give me a welcome bonus. So I won’t be their customer and instead Chase get my 80k/year in spend.

💳I said this before and I'll say it again: the Platinum card is the worst "spend-centric everyday" card in Amex's portfolio. I would argue the Gold/Blue/Green are their everyday cards, and the Platinum is their "brand anchor" card. The Platinum is the centerpiece of the portfolio, the travel card, the one that gives you all the random perks of being an _Amex member_. The other cards are what actually should be getting spend on them and what you should be more likely to see at your local coffee shop.

Ask Sebby, I noticed a lot of Amex stock images were backwards. Just FYI. Keep up the good work.

VERY interesting video! I have been debating a Platinum for a while now, but I feel like you made a good point about the whole "regional value prop" for lack of better description. I too am S.F. based. I'm currently a CSR holder and have trouble justifying both fees every year, BUT I am able to spend well into 6 figures on cards a year with my business so it might make sense to carry both. What do you think? Have you done a video on the value, if any, of purposely carrying more than 1 flagship card?

I have just got AmEx Platinum. Got 150K points if I spend $6k in 6 mths. Juggling after the $6k spend which card I use. Marriott Bonvoy vs United vs AmExP

💳always fantastic info, Sebby!

💳 I agree with you (09:40) on some perks feeling New York centric. I use the AE card for transferring miles to ANA and 5x on travel.

Makes sense! Thanks for these valuable videos! 💳 I just learned that even if you add the Gold card as an additional card to your Platinum account, you don't receive the same 4x rewards for restaurants and grocery stores b/c it's not the primary card. I wasn't aware of that at all. Do you think it's worth it to have 2 cards (Platinum & Gold) and pay those high annual fees? Any advice?

@jacquelinerodenbush6691

Жыл бұрын

I just learned this today. Very disappointing.

You don’t need to zoom out every 4 seconds lol

💳 Since 2018, been getting that SCRA fee waived experience 😅

Has there been any new info on the class action lawsuit against them?

Does all this mean that if the legislation in Congress goes through it won’t impact AE cards that much ?

Does a user earn 5X points with the Amex Platinum card for flights purchased on foreign airline websites, such as Avianca, AeroMexico, Singapore, Turkish, Luftansa, etc?

💳 AmEx offered me 100.000 to upgrade waiting for 150,000 offer

I only have a Discover Cash-back and Chase Cask-back (both for 10 year+). I just applied for a Chase Freedom (waiting on reply). FICO=800+, so what Amex should I apply for out the gate?

I live in Houston and get plenty from my membership!

Nice video! Does AMEX look at your spend across all your cards or on each card to decide if you should be in pop-up jail?

You’ll often hear people like Mark Cuban, James Dolan, etc. talk about how they’ve been loyal Amex members for years and love the experience. The money makers aren’t the blue cash series, it’s the Gold and above. It’s not a transactional service, it’s really a membership to enable experiences.

@curmudgeonextraordinaire1884

Жыл бұрын

Warren Buffett is a billionaire and only has the Green Card.

@ziggy29

Жыл бұрын

Tend to agree. Amex has a ridiculously good ability to not only identify those customers who are very profitable now, but also those who are likely to be very profitable 5-10 years from now. The key for them, even for people with "good" credit and average income, is to get them to "spend, spend, spend" on that card and give them benefits and experience that make them want to keep swiping their Amex every chance they get.

I'm wondering is there a certain amount of monthly spend that they want to see a gold card holder have? If u spend under than that .will they close it?

I like the Plat a lot but it really shouldn't be an "everyday card". If the Amex Platinum would make just one change like go from 1X to 2X multiplier for all other spend like the Venture X, it would be a no-brainer god tier card.