Amex Platinum - 13 Things to Maximize Value

[@KevinYang]

❓What's your favorite part about the Amex Platinum card? How long have you had the card, or do you plan to apply in the near future? ⬇

[@Deejay-e2f]

Thank you for creating this video because I was sitting on the fence; but applied and was approved today.

[@KevinYang]

Congratulations and welcome to the club! What welcome bonus were you applying with?

[@alanwu3678]

Great video! I am trying to used my Amex credits before the end of the year. Can the Amex platinum $200 airline credit be used to get JetBlue flight credit or JetBlue flights?

[@KevinYang]

Only the one that you choose for the year!, and for incidental charges only, not flights themselves!

[@robnfl]

Ive been in PUJ applying for the plat for 2 months after receiving the Gold and BBP in Oct

[@KevinYang]

Damn, hope you get out of it soon! Check for physical mailers too!

[@MapleJokerRofl]

Why? It’s an easy card to get why u not getting approved? Specially if u have the gold already

[@DB6904.]

Is it set in stone if you get the Amex Platinum first then you can't get the bonus on the Amex, gold or green?

[@KevinYang]

As far as I'm aware, unfortunately yes

[@DB6904.]

​@@KevinYang😢

[@willmcbeath1744]

I believe if you haven’t held an active Amex in 18 months you’re eligible for rewards again

[@KevinYang]

@@willmcbeath1744 Actually never heard of this rule! Do you mean for the same card or different Amex cards

[@willmcbeath1744]

@@KevinYangI’m not sure if it’s just for Australia or world wide but Amex state you can’t receive a sign up bonus if you have held ANY Amex card (not sure if this includes qantas cards) in 18 months. So if you reapply for an Amex card you can get the spending bonus after 18+ months of not holding any of their cards active

[@Polo1928-v2e]

If you do the Hulu bundle you pay6.99 per month after the credit not bad very little money.

[@keithss67]

Great clip. Easy to follow

[@KevinYang]

Thanks for watching, hope it helps!

[@keithss67]

@ I already use a lot of them. But I’m going to be flying direct from Mexico City or Cancun to London in may. It gives me pause about how I’m going to book the flight. Might see if I can get an upgrade using point seeing as it’s a 10 hour flight 🙄

[@KevinYang]

@@keithss67 Ah yeah, not too familiar with that routing and the best options unfortunately! But do let us know!

[@keithss67]

@ 👍

[@kimgrod]

Heard the Walmart benefit includes a $0.10 discount for gas purchased at Sam’s club. How does that work? Do you simply swipe with this CC?

[@doodman2771]

Can I use the Uber credit with a business platnium or no?

[@joefong5611]

Was wondering if I will get two $100 hotel credits if I book two separate stays back to back (Mon & Tue) at the IHG property via AmEx FHR using my hotel credit for 2024 and 2025 for April 2025? Also, and this may depend on the property, but I wonder if they will honor my IHG Diamond status for lounge access for booking IHG property via FHR or do I have to call the property.

[@KevinYang]

I don't have direct experience with IHG, but I've heard it really depends whether they decide to merge your booking into one or not. For the latter, when I was in Vegas I was able to stack my Bellagio FHR back in the day with MGM Gold waiving resort fees.

[@donaldomere]

I currently have delta platinum, do you think this is better than the delta platinum that I currently have? I just want to keep 2 cards: flies mostly delta and stays at Marriott mostly and occasionally Hilton. Need 2 that has the best value

[@KevinYang]

Really depends! Technically the Amex Platinum still gets you some Delta SkyClub access, but not many of the other perks. On the other hand, you get Marriott and Hilton Gold status!

[@ryanccc777]

I might get it next year for the SUB then cancel the following year, but TBD, I just don’t want to deal with managing the credits.

[@KevinYang]

Yeah that's definitely a lot of overhead, but year 1 is almost always positive value!

[@Polo1928-v2e]

If do that make sure burn the points or transfer them. They tried claw back my points. I needed to keep the card for two years.

[@kashmoney1]

I got 175k offer, is that good? Please advice !!!

[@KevinYang]

175k is quite high!

[@kashmoney1]

@@KevinYang thanks, I have $80k chase preferred or the 175k platinum? Which one you prefer

[@KevinYang]

@@kashmoney1 Really depends on your strategy! What cards you already have, and what is your main use of the points

[@RichardWexler-o3s]

You mentioned paying taxes with your Amex. I have a platinum business and they do not accept federal 941 or state business taxes toward your bonus points offer. Have you heard any different??

[@kittyhil5848]

I didn’t know business taxes are not accepted. I paid my property tax with Amex gold business card and got sign up bonus with it.

[@brandonfrey342]

With all due respect gold status with Marriott is useless lol you will get an upgrade like 1/100 times

[@KevinYang]

International is much better!

[@Wealth4Women88]

Why would you pay taxes on the card that doesn't offer 0 percent interest??

[@KevinYang]

If I'm understanding your question right, it's to possibly hit welcome bonuses, not to delay needing to pay taxes!

[@Wealth4Women88]

@@KevinYang i get it but using the personal platinum card to pay taxes to meet a SUB isn't wise for everyone, especially if the person can't pay off the full balance at the end of the cycle. The interest rate on the personal platinum if you end up carrying a balance. Meeting a SUB is never worth it if you end up with high monthly credit card balances you can't pay off immediately.

[@KevinYang]

@@Wealth4Women88 Of course! None of these videos should apply if one's debt is not handled yet. No one should dive into credit card rewards, or any high interest debt for that matter, if proper credit habits aren't in place!

[@richardshack8246]

For the Uber credit, you don't have to pay with platinum, just another amex card.

[@KevinYang]

Thanks for the datapoint! Haven't tried another Amex card myself just yet!

[@JackehTube]

Came to comment the same. I always have it set to my gold card and it stacks my Uber credits with my platinum.

[@KevinYang]

@@JackehTube Thanks for sharing, that's definitely a great point!

[@jackycui4317]

I really want this card, will I be approved with score 617?

[@KevinYang]

I'd say the score is quite low for approval, and would focus on raising that first!

[@jackycui4317]

@ how much credit score to approve?

[@KevinYang]

@@jackycui4317 For this card you'll probably want pretty good credit, like 680++ is my guess

[@MapleJokerRofl]

Why do you want the card when your credit score is 617?? Also why is it so low?

[@jackycui4317]

@ I don’t know the credit card system, and this card looks so nice and so many benefits, I didn’t know 617 is considered low credit score, it said fair on my credit report.

[@yatinpatel6382]

Great list. Que: I have a referral link for 175k for Platinum. Do you mind if I post it here? Thanks

[@kimgrod]

Saks: I buy Bomba socks

[@KevinYang]

Heard good things about those! (And Darn Tough too)

[@prestonmays]

Do not get the platinum until you’ve earned the signup bonus for the gold!

[@KevinYang]

Yess! Unfortunately that's me, though there's no way I would've known that many years ago when I first got the card haha

[@alansantos9312]

Why? I applied for the gold and was offered the 60k sign on bonus, I applied for the plat and they offered 175k

[@alansantos9312]

@@KevinYangso I went with the plat, did I miss something by not doing the gold first?

[@prestonmays]

@@alansantos9312 Yes, the Amex personal cards have family language in the contract. The hierarchy of cards is Green>Gold>Platinum. If you have the platinum card, you are now ineligible to receive the welcome offers for the green and gold cards, unless Amex sends you a targeted offer sometime in the future that doesn’t have the family language in the offer.

[@juancamaney2888]

​I received a 90k welcome bonus points on the gold and now I am receiving 125k point to upgrade to platinum. Basically 215k after 1 year​@@alansantos9312

[@MrDmoney1984]

My opinion this card is only 2 things - 1. Being a flex card with coupon benefits 2. Membership pass to airport lounges And yes I have the card but will cancel cause I see no way of getting max value from it

[@KevinYang]

Totally get you. Everyone's lifestyle is different, and with so many "coupons" on this card, it's going to be targeting a smaller audience for sure! Any card you're looking to replace it with? CSR? VX?

[@MrDmoney1984]

@@KevinYangmight take a look at the chase trifecta the the AMEX trifecta is great but I want to go in a different direction for my 2025 roadmap

[@jnd2415]

Good riddance! Bye!

[@Dudevegaslv]

No thanks ! I love my Capital one venture X

[@KevinYang]

Love that card too! It's been in my wallet ever since 2021 haha. What about the card do you like best?

[@double_joseph327]

This card is honestly not great at all compared to the chase sapphire reserve. Chase gives Instacart+ Amex plat gives Walmart + lmao that should tell you enough

[@mohsin2397]

Tbh honest I’ve switched to an all chase setup and downgraded my platinum honestly Amex isn’t widely accepted around the world and the benefits are like a coupon book and Amex points aren’t as valuable as chase

[@KevinYang]

Curious which areas of the world did you experience a lack of Amex acceptance? Surprisingly for me, even in small towns in SEA they actually took and advertised Amex! What's your typical usecase of Chase/Amex points?

[@Melgazar9]

​​@@KevinYang I traveled to about 15 countries / 30 cities over ~6 months and for me Amex was accepted about 3 times 😆 not even kidding. It was usually only accepted at high end establishments

[@V7I7T7A]

Kloon yuppo

[@g.burney4714]

I really don’t understand you have to spend $8,000 to get points? Credit cards does not provide financial freedom please don’t misunderstand me these comments are not ment to be mean spirited but keep in mind every time you swipe you are in debt , you pay off the bill in 30 days but you swipe,swipe again (Wash, rinse, repeat).The goal is to be debt free my family and I have never had a debit or card we do purchase visa gift cards in case there are stores that don’t take cash. We are frugal we have no need for subscriptions or to pay for premium packages so the question would be why? Remember the goal is to be debt free and to be debt free we need to consume less ask me how I know?

[@FirstHandLLC]

You don’t want to use credit cards and that’s ok, your choice! I use my cards where I would spend cash anyways and with the points I earn I fly and stay in luxury hotels for FREE, no debt! Sorry you don’t understand how it works!

[@KevinYang]

I think there's a big difference between good debt and bad debt (and knowing how to handle them and use them to your advantage)!

[@g.burney4714]

@@KevinYang thanks so much for the reply Kevin much appreciated I do have a question for. Would you agree that if you were debt free that the money you save could be invested on ETF,s and Vanguard funds? Just a thought sir

[@g.burney4714]

Thanks you for the response. I think you maybe right I really don’t know how it works because I never have had a credit card, however at one time my wife and I were $420,000 in debt ( HELOC) it’s like when I see podcasts about building credit bells go off because I realize that the higher your score is it just opens more doors for spending which we all have to do but at some point debt will catch up the consumer. Appreciation for the dialogue with you it’s good to agree,disagree and even debate without having to fallout 😁👍

[@KevinYang]

​@@g.burney4714 Yes, although I would still take out debt in terms of things like car loans and mortgages if I believed the rates are less than typical market returns (less so in this market, but the concept in general). That said, credit cards still in use for sure especially if you're paying it off every month anyways, the interest rates there don't matter!