I Finally Canceled the American Express Platinum Card!!!

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Luke's Points and Miles

Luke's Points and Miles

Ай бұрын

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In this video I talk about how I finally broke the chains on the Amex Platinum Card. It may very well be the best travel credit card in the game but I need to lower fees and re-evaluate my travel styel for the next 12 months!
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💥Watch My Other Videos 💥
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💥Cancelling the Platinum: • It's Time to Cancel th...
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Пікірлер: 207
@ItsMeCJ
@ItsMeCJ Ай бұрын
Paying for two Platinum cards is like deep pocket stuff. I don’t blame you for cancelling the personal one….just thinking about two Platinum annual fees makes my head spin 😂😂. I somehow thought that you weren’t able to be approved for the VX. 🤔
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
No I did a product change for the VX early on.
@elizabethr3982
@elizabethr3982 Ай бұрын
@@LukesPointsandMiles I opened a Venture One (the no fee card) about 10 years ago. C1 keeps offering to upgrade me but I want the SUB on the Venture X, do you think I have a chance of getting the SUB if I apply for the VX while currently holding the fee free version?
@TheCreditFrog
@TheCreditFrog Ай бұрын
End of an era Luke! But would you have done this had you not had the Business Platinum 🤔. For me, Amex Platty is staying as long as it offers the lounge access at my most frequented airports.
@SuperStaley
@SuperStaley Ай бұрын
Plus the extra 35% Airlines Bonus
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
That’s a big part. I still have access to the escape lounge! We shall see what happens next year.
@WhatsThePoints1
@WhatsThePoints1 Ай бұрын
Since I have both the CSR (I can use the Lyft bike benefit for insane value plus 10x UR) and the VX I’m pretty good on lounges. plus usually travel with P2 and don’t wanna pay for an AU just for centurion, I’ll likely downgrade my plat next year As if that’s not enough I’m cycling thru delta reserve biz AND Citi AA exec card so doing ok on lounges!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
@@WhatsThePoints1 I like your style!
@OSU2010
@OSU2010 26 күн бұрын
Right😂
@user-wh1ti5cl2c
@user-wh1ti5cl2c Ай бұрын
Thank you for the video. The beautiful thing about credit cards. Is there something for everybody? Or shall I say multiple some things. I got the 4 card Amex set up. I believe it's a setup you had at 1 time. Because I got the idea from you. And I have to say that setup has been working very well for me.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
It absolutely works and Amex cards generate tons of points. Each system has benefits and drawbacks and I’m just trying to get experience with all of them
@jgmedium
@jgmedium Ай бұрын
I’m happy with my Sapphire Reserve. Platinum card is too complicated.
@newagain9964
@newagain9964 Ай бұрын
I could only see getting/keeping CSR if I have no other travel cards (save USBAR, which works better as everyday than travel card tho).
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I’m running the car now and so far so good
@caribdude8151
@caribdude8151 Ай бұрын
Have a safe and blessed Memorial Day Uncle Luke! 👍😊🇺🇲
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Thanks, Dude
@CoryCooley
@CoryCooley Ай бұрын
My brother just got AMEX platinum and said he’s enjoying it using it for travel … I’m not going to send him this video yet lol 😂 let him feel good at least for awhile 😂
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
The platinum is a great card. Just not for me in this stage of life
@jimmyjames6492
@jimmyjames6492 Ай бұрын
We're deciding on whether to keep it or not as well. Probably downgrade to the Green though if we end up not keeping it. Thanks for the info + video!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
In hindsight I think I should’ve downgraded to the green
@TheDjim49
@TheDjim49 Ай бұрын
Cancelled mine last week. Got tired of talking myself into the “value” of all the coupons. I asked for a retention offer and they said there were none for me. Don’t think I’ll miss it. I have the everyday card for MR points. I’ve had it since 2005 when it was called the Blue card
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Nice I’ll always keep the BBP just to keep MR points and possibles
@ow5966
@ow5966 29 күн бұрын
I closed five last night and it feels great. Now just two cards. I have a clear head space!
@EXPRECDJ
@EXPRECDJ 25 күн бұрын
When was the American Express Business Platinumever called the Blue Card?
@VacaywithJA
@VacaywithJA 25 күн бұрын
@@EXPRECDJ I was referring to the Amex Everyday card that I have had since 2006. I believe when I first got the Amex EveryDay card it was called the Blue card
@TheDjim49
@TheDjim49 25 күн бұрын
I was referring to my Amex EveryDay card. When I got it back in 2006 it was called the Amex Blue card. At least I'm pretty sure that's what it was called, it was a long time ago
@JToews82
@JToews82 Ай бұрын
Great video! I just use this card as a lounge access card, but in my airport, lounges can be accessed by priority pass or a united club membership. Flew into Vegas recently and there was a 45 minute plus line to get in. Funny enough there's an add for the Chase Sapphire reserve right beside the Centurion lounge. Ha ha. Flew into Newark last year and the new United Club was great and there was no lineup like a theme park ride to get in. So thinking long term, if I only visit a centurion lounge once a year, then I don't think it's worth the annual fee since other cards get Priority Pass access anyways.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yeah I looked at my schedule and I won’t need contrition access for almost a year.
@yurig2530
@yurig2530 Ай бұрын
You did it!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Ha! Yeah. Saving that money felt good
@basnetgl
@basnetgl Ай бұрын
Interesting video. I am surprised that you are moving away from American Express. Best of luck. I have had better luck with the Amex offers on my gold card, but many of the offers are at shops in the Orlando area. They are useful when it comes time to buy Christmas presents.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Alex has great cards. I think is more of a budget issue.
@basnetgl
@basnetgl Ай бұрын
@@LukesPointsandMiles I get it. That is cool. Thanks for the response. I have 3 Amex cards. That is all I ever use. Mainly just use 2. 1 I use to build miles on occasion if I need to take a trip somewhere one day. Budgets are important. It would be crazy for me to have 10 different cards with annual fees.
@thejokerspeaks
@thejokerspeaks Ай бұрын
I was just given a 15k retention offer, which I declined. With a Capital One lounge coming to my home airport, and the Altitude Reserve having some PP restaurant access, I am good on lounges with my limited flight schedule.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I can understand that. I’m dropping travel down to around 5 trips in 2025
@vickiarnold7300
@vickiarnold7300 Ай бұрын
Great job on KZbin ❤
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Thank you Vicki!!
@qcman2000
@qcman2000 Ай бұрын
I remembered your Business Plat video recently, so I figured this was going to be the explanation. Will be interesting to see if you’ll get the Platty back once you cancel the Business Platty. I know you said you’re all booked up until next year, but if you do have trips to book before then assume it’ll be on the CSR? An underrated annoying thing about the Business Plat is the 5x on flights is only in the portal, not direct like the personal.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yeah that 5x probably won’t be used but I will book with points until they 35% bonus goes away
@KingGreen78
@KingGreen78 Ай бұрын
Good job
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Thanks King!
@ElJefe360
@ElJefe360 17 күн бұрын
All you need is to use the UBER, Streaming services, and one Hotel credit and the Card pays itself. Everyone travels once a year and uses the Uber and Streaming services. Not to mentioned the Centurion access which in my opinion is priceless . 😎💪
@CesarJoel
@CesarJoel Ай бұрын
Difficult to justify 2 Platinums hermano! Thanks for the info!💪
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Well the biz was supposed to just be a bonus hunt
@phoenixfats1190
@phoenixfats1190 Ай бұрын
Luke, I was also thinking of canceling and going with a NO AF card. Are the amex offers on the Hilton Honors or Blue Cash cards comparable to the green/gold/platinum card?
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I don’t think they are the same offers but I do think they still have some good ones
@nubianpwr
@nubianpwr Ай бұрын
I'm on the fence Luke. I have had 3 flavors of Plat (vanilla, CS, Bus), and he who remains is the CS version due to its flexibility. To my own surprise, I'm building out the Cap1 Duo (VX, Savor) for simplicity's sake. I will either cancel the CSR or the Amex Plat later this yr without a significant retention or change in reward structure. I'm sick of credits/coupons and "forced" spending to get value man😎 Great stuff as usual👍🏾
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Me too man. I really to limit prepaying for things
@nubianpwr
@nubianpwr Ай бұрын
@@LukesPointsandMiles 😄
@JacobsPointsAndProfit
@JacobsPointsAndProfit Ай бұрын
Amex points are valuable but earning them has higher annual fees than other issuers. I’ve been wanting the Business Platinum lately and that might mean canceling my own Platinum card if it comes to that
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I really like both but I mean there’s real value and there is prepaying for things.
@soapa4279
@soapa4279 Ай бұрын
You know it’s good when he grew hair compared to the thumbnail 😂
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I really want to get back to the super short
@WhatsThePoints1
@WhatsThePoints1 Ай бұрын
I just took an upgrade offer from the gold that I was just about to cancel which is nice since I’ve never had any flavor of plat, but since I’m not sure I’m stoked to use LHR and don’t need centurion I’m likely to downgrade or cancel in a year
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yeah if you’re not using centurion I can’t see the card long term
@SolidLiquidFox
@SolidLiquidFox Ай бұрын
This economy will force all of us to evaluate our card portfolios. The days of faking the funk some folks had in regards to Amex Platinum are about to get harder. Most people don't need a high end traveler card.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Very true!!
@volkswagen4866
@volkswagen4866 Ай бұрын
My last Amex card I have left is the Platinum Optima issued in the 1980's. Haven't used it in 7 years but Amex keeps renewing it every few years like clockwork. Lol
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
That sounds cool!!
@abelardocadet3876
@abelardocadet3876 Ай бұрын
Well , I’m going to say something about this card , first I been watching almost all your videos Luke , and a lot of the other who are commenting here , thank you for all of you, that take the hit for people like , new to the credit card game , so after seen the video I just came to the conclusion, platinum cards both aren’t for everyone. Big spenders fit well in their agenda , but for those trying to maximize return from benefits, offers , etc, no think so , it’s no the case they (Amex ) are in the game for win ! Remember we already paid for whatever they give us a chance to use , airline credit , Uber credit etc, we start behind the line , trying to level the ground during the year ! Hope you can find what it work for you!! Blessings to everyone!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Thanks for watching!!
@Dial_J_for_Josh
@Dial_J_for_Josh Ай бұрын
Congrats on deciding to consolidate and become even more optimal. The Platinum definitely requires a lot of attention in order to optimize its benefits and isn't worth it for most people. Also I know you're still new with the CSR, so I can't wait to hear what you think about it several months or a year down the line.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I’m giving the CSR a fair shot. Can’t say much about it just yet
@MichaelWilliams-pi7yy
@MichaelWilliams-pi7yy Ай бұрын
My Platinum Card is staying, along with the Gold, Green, and BBP. Chase just doesn't have the value for me, although I do have the CSP. And, I'm am not a fam of Capital One, so I will probably never apply for the VX. I do understand your reasoning but for me, Amex is where I will stay.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Amex provides a ton. Nothing wrong with keeping all their cards.
@Mack7561
@Mack7561 8 күн бұрын
Cancelled mine yesterday, they offered 25000 bonus if I spent 3000.00 . But a lot of places are refusing the Amex due to their fees.
@LukesPointsandMiles
@LukesPointsandMiles 8 күн бұрын
Totally understand.
@xzygy
@xzygy Ай бұрын
I just picked up the Schwab version, primarily to liquidate points. It simplifies the trifecta significantly
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
It sure does. Very expensive trifecta though
@tooeasy4217
@tooeasy4217 Ай бұрын
We will see next month if we get another plat video! 😂
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Ha!
@krs1905
@krs1905 Ай бұрын
I’m moving away from Amex consumer cards too. I’ll just keep Business Amex Cards. I’m tired of the AFs, Coupons/credits, and rule changes. Maybe I’ll be back to churn a SUB or five.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Same. I can’t do the coupons.
@electricrancid
@electricrancid Ай бұрын
I cancelled mine 2 weeks ago. For me right now, it does not make sense. Saved me $799 CAD
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Those fees are always keeping up.
@derrickmd18
@derrickmd18 Ай бұрын
i have the amex gold and BBP. only reson i have amex is for ana point transfer.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Great partner!!
@mistuhxsleepie45
@mistuhxsleepie45 12 күн бұрын
Im going to cancel green this month then downgrade plat to green or cancel the plat also. I'll keep bbp and use cip/csp or upgrade back to vx overseas. Still waiting for the new citi prestige version to come out tho.
@LukesPointsandMiles
@LukesPointsandMiles 12 күн бұрын
It sounds bad but in my opinion the most sensible high AF travel card is by far the Cap1 VX. All the rest come with questions.
@mistuhxsleepie45
@mistuhxsleepie45 12 күн бұрын
@@LukesPointsandMiles yeah but ever since they changed the 300 statement to credit, it was not as attractive as before. And that was the reason why i downgraded it two years ago
@jro669
@jro669 Ай бұрын
I think the only thing I would miss is the 5x multiplier on flights booked directly with the airline. Although, you could still get good value if you have a Chase Sapphire Reserve or a Chase Ink Preferred as those cards have a 3x multiplier on travel which can eventually be used for Hyatt redemptions.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Very true
@ZeusAdvocate
@ZeusAdvocate 29 күн бұрын
I couldn’t justify the platinum AF but I can accept the Charles Schwab version of it got approved yesterday for looking forward to use my points towards investing
@LukesPointsandMiles
@LukesPointsandMiles 28 күн бұрын
????? It’s the same AF?
@Creditcardnerd
@Creditcardnerd Ай бұрын
I love mine! Let me and my wife access to Chase Sapphire lounge once a year with PP Card! So so far love the credits and luxury travel!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
It’s definitely a great card.
@druiz012
@druiz012 Ай бұрын
With C1 and Chase stepping up their lounge game along with overall setups that earn well for less money its difficult to justify the Platinum now days. Just get the Green and skip all the credits.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I probably should’ve downgraded to green but o just cut out that whole fee.
@TheAmazingDollarman
@TheAmazingDollarman Ай бұрын
Whoa, and of an era indeed 😱
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
She served me well.
@tbark87
@tbark87 Ай бұрын
AmEx taught me to have no loyalties. This time last year if they took AmEx I was using AmEx. Now I run everything between US Bank, Bilt, Chase, and Citi. Between the Hilton shakeup and British Airways devaluation the value of AmEx collapsed for me. 🤷🏼‍♂️
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I can understand
@bethearl8686
@bethearl8686 18 күн бұрын
Their Trip Cancellation/Interruption insurance SCREWED ME!!! I charged a $14,000 Alaska cruise from Vancouver to Anchorage. We got covid halfway through. They denied our claim because the it was not a ROUND TRIP CRUISE. We made the mistake of not booking our airfare back to Vancouver on the same card.
@LukesPointsandMiles
@LukesPointsandMiles 18 күн бұрын
That’s awful.
@theclown888
@theclown888 Ай бұрын
I think you really canceled the Amex Platinum the second you got the Business version of the same card. God speed!!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Well that wasn’t originally the plan but….
@Ryan-iq2zd
@Ryan-iq2zd Ай бұрын
Getting the green card, will you still have access to the travel portal if you don't have the platinum or gold?
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I have the blue business plus so I’ll still have Mr points and travel through Amex
@habeshafinance1710
@habeshafinance1710 Ай бұрын
For me $700 is one RT economy flight from east coast to Europe in shoulder time I keep it ,because I got 100 k upgrade point from Amex . I using my CSR now !
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I just used the CSR as well!!
@MrMikebarry1
@MrMikebarry1 Ай бұрын
I got a 25k retention offer for my platinum downgrade to gold. I received a 100k upgrade from my original gold to get my platinum. I have the business platinum.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Great bonuses!!
@KevinGonzalez-vz7rz
@KevinGonzalez-vz7rz Ай бұрын
You finally “threw in the towel” on this one and I can’t say that I blame You. I have mine until March 2025 and of course I’ll evaluate its future then. Of course Me being solo and You having a Family means we both have different paths to consider when it comes to the Platinum Card. Much respect and Thanks for the content!!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Thanks Kevin!!
@jpknowledge8852
@jpknowledge8852 Ай бұрын
I just declined a poor retention offer from amex for my Platinum card 😖. I don't see myself canceling, but it stung when I saw that $700 annual fee hit.
@qcman2000
@qcman2000 Ай бұрын
That sucks. Was it the pay the AF w/MR points at 1cpp offer? That one is bad 👎🏾.
@jpknowledge8852
@jpknowledge8852 Ай бұрын
Yep 😂​@@qcman2000
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yeah, now add an AU on top of that. It’s tough but at the end of the day I’m still in business class overseas. Haha
@jasonmccann257
@jasonmccann257 Ай бұрын
​@qcman2000 You think that stings? Bro, Amex can play dirty! I canceled my Gold Card last month after my 1 year commitment b/c they wouldn't offer me a retention offer. A week before I officially canceled the card, I used my MR points to buy my parents rocking chairs for my Mom's birthday, and they had posted the MR credit to my account While waiting for the chairs to ship, Amex took back the MR points, so I had to use another card to pay for the chairs. Earlier this month, I got my billing statement for the card, and they want the entire final payment all at once, including my pay over time and plan it purchases. I called them to find out what was going on, and the customer service rep told me "You canceled your card, and we decided we want what you owe all at once." I always paid my monthly balance, was spending $6k to $8k a month and showing them I handled the card responsibly...very humbling experience and I will never get another Amex card if that is how they decide to treat people!
@AnthonyVenture
@AnthonyVenture Ай бұрын
People are going to think we coordinated this 😂😂😂
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Did you cancel?
@AnthonyVenture
@AnthonyVenture Ай бұрын
@@LukesPointsandMilesNah, still testing out some other options first but thinking through some things, and on some things you’ve said. I have by August to decide but I’m interested to see how this goes! I might have recently found a better option for all the things I care about the Platinum for.
@ItsMeCJ
@ItsMeCJ Ай бұрын
Obviously got on a call and coordinated. Change my mind! 🤣🤣
@AnthonyVenture
@AnthonyVenture Ай бұрын
@@ItsMeCJ😂😂😂 📲🤙
@arnold6530
@arnold6530 Ай бұрын
@@AnthonyVenturewhat’s the better option you’ve found?
@TheIrvdoggg
@TheIrvdoggg Ай бұрын
I’ve tried to get rid of it over 7 times in the past 5-6 years 😂 I get mad at it, then reopen it. Now they have these pretty designs and I’m into art so I’m stuck. It’s my only annual fee card though. But it also is like a mobile game/part time job keeping with the credits and Amex offers. It’s a love hate relationship for sure.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I could 100% see a set up featuring the platinum card and a bunch of no AF 5% cash back cards!!
@TheIrvdoggg
@TheIrvdoggg Ай бұрын
@@LukesPointsandMiles lol that’s me bro!! But 2%-3% range!!!
@Xavier_ID.
@Xavier_ID. Ай бұрын
Everyone is canceling their Amex cards 😂 I love it!
@newagain9964
@newagain9964 Ай бұрын
Plat is solid. For me. For now.
@jun.oshima
@jun.oshima Ай бұрын
I canceled it, the coupon system is a joke😎
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Hopefully the lounges get less crowded!
@CycleGirl-77
@CycleGirl-77 Ай бұрын
I cancelled Amex Plat a while back. Too expensive and too much trouble to use the monthly credits. Now considering a 200k welcome bonus on the Bus Plat. Whether I keep that one more than a year will depend on what the credits look like in 2025. I wish AMEX would quit with $10 and $20 per month credits. These days, that might cover a tip or sales tax.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
No kidding. I was going to go full nuclear on Amex in 2024 but I just got updated at the Hilton Malta so I think the aspire has to stay.
@Th33Vultur3
@Th33Vultur3 Ай бұрын
At some point, I will get tired of paying the personal Gold annual fee, tired of the 2 credits and will either downgrade to Green or just cancel it completely. The Blue Cash Preferred is different, that one I can downgrade to either the no annual fee Blue Cash Everyday or the Cash Magnet. I will go the BCE route. I have the Blue Business Plus and also the no fee Hilton, Amazon Prime Business and the Blue Business Cash.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I grew very tired of the credits on the gold and platinum
@Th33Vultur3
@Th33Vultur3 Ай бұрын
@@LukesPointsandMiles I don't blame you. I upgraded to Gold on August 11, 2023 so if I downgrade, I could wait till the end of August or about September 11 and then downgrade back to Green or cancel since it will 13 months by then.
@VictorMartinez-zf6dt
@VictorMartinez-zf6dt Ай бұрын
I recently got the 80k miles wb on the Delta platinum. Planning for a trip to Japan for next year. Now I have over 118k delta miles.
@jun.oshima
@jun.oshima Ай бұрын
That card nothing to do with what this video is talking about. SMH
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I’m flying delta less and less every year even though they really do have then best hard product of the legacy carriers.
@VictorMartinez-zf6dt
@VictorMartinez-zf6dt Ай бұрын
@@jun.oshima I know it’s not the same card. I was just mentioning that I recently got it and got the wb on it. ☺️
@geeairmo
@geeairmo Ай бұрын
I just dropped my Platinum Card also…
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
May she rest in peace.
@IanMaschal
@IanMaschal Ай бұрын
I finally canceled my business gold card today got a 35,000 point retention offer but declined it the credits on this card just don’t work for me
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I can understand. 35k might’ve had me using it for another year on food and gas!
@IanMaschal
@IanMaschal Ай бұрын
@@LukesPointsandMiles yeah I had to really contemplate that one, but I’ve been in pop-up jail for over a year and desperately need the personal version of this card so I figure I’ll give this a try canceling it. I’m down to three cards with Amex now.
@Usmc031189
@Usmc031189 Ай бұрын
Stan the credit frog cancel his Amex Gold card today. I guess cancelling day. I'm up for renewal on my gold this August,i haven't made up my mind yet
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
The decision of the gold card was pretty easy. Platinum was tough.
@SpartanOfFinance
@SpartanOfFinance Ай бұрын
It was a Shakespearean journey of should I keep it or should I let it go...It does feel like the end of an era.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Haha. Or the beginning of a most more spectacular adventure
@newagain9964
@newagain9964 Ай бұрын
Plat has to be reevaluated. For me, I’ll cancel should I ever get at least 2 hotel cc, a Hilton would be a must. But hotels are waaay at bottom of my roadmap… …Unless Marriott🤡 actually got act together. Odds of that are slim!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Marriott properties are great but I struggle to get value from their program.
@blakinsideandout
@blakinsideandout Ай бұрын
Haven't started video yet. Lemme guess, u canceled one and kept another open??
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Bingo
@blakinsideandout
@blakinsideandout Ай бұрын
​@@LukesPointsandMiles lol lucky guess
@yurig2530
@yurig2530 Ай бұрын
Cancelled both personal and Business platinums few years ago. Getting business Gold every year to pay taxes, but this gonna be last year, since I won't pay that much taxes anymore. Keeping BBP only. Cancelled personal Gold too.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Nice moves!!
@ItsMeCJ
@ItsMeCJ Ай бұрын
Say what?
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Ha!
@jamesyu613
@jamesyu613 Ай бұрын
the Plat seems to be a very expensive card to keep
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yes and it’s tough to just keep paying that fee
@bagelsquare
@bagelsquare 29 күн бұрын
Just canceled mine too. 35k/$4k retention offer. No thanks
@LukesPointsandMiles
@LukesPointsandMiles 29 күн бұрын
That’s not a bad bonus but…..
@jeffreywilliams9220
@jeffreywilliams9220 Ай бұрын
That green card is a beast 🤝💳👍🏾
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
It really is but I don’t think it can win a spot in the lineup right now
@alexrod550
@alexrod550 Ай бұрын
Dont make any promise you cant keep....I see you going back...I dont know why !!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Definitely a possibility.
@gibranespinoza6603
@gibranespinoza6603 Ай бұрын
Internal debate I'm having as well regarding the Gold and Platinum cards. They are both up for renewal early next year and will see what changes happen to them. If positive I'll keep and if negative, I'll cancel. As far as alternatives, I am thinking of PC'ing my VentureOne back to a VX and getting the SavorOne for the duo or seeing what Citi does with the Strata Elite and build that ecosystem out. Will look at the Bilt card when they finally add mortgages (if I can pay that way), Wyndham Earner Business and some Chase business cards as well. The Centurion Lounges are a joke as if you don't have the actual Centurion card, you will either have to wait a long time to get in or just resign yourself to never getting in. Definitely keeping the BBP and Hilton Aspire/Surpass cards as I get value from those. I think AMEX has the best overall airline transfer partners but who do you think is in 2nd or 3rd place for overall value on airline transfer partners?
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I’m definitely leaning towards keeping the aspire.
@al16899
@al16899 Ай бұрын
Yay! 🎉 Not everyone needs the AMEX platinum card.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yeah I just need the escape lounge access!!
@endersgameover
@endersgameover Ай бұрын
I get why people don’t like it and it is definitely on the bubble, but it’s just too easy to justify it for now. Emphasis on for now. They really need to look at the thing from top to bottom and rework some of it because some of the stuff like conveyed status has really lost meaning with the rise of both competitors and even other Amex offerings .
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
For me it’s just the fees. I don’t like prepaying for that many benefits. It makes it difficult to cut expenses. N
@Leoprieto74
@Leoprieto74 Ай бұрын
Noooooooooo😢
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
We still have the biz Plat Leo, we’re ok 👌🏻
@Leoprieto74
@Leoprieto74 Ай бұрын
@@LukesPointsandMiles 👍🥂
@Leoprieto74
@Leoprieto74 Ай бұрын
Luke, on a different subject (card), man, the Amex Delta Reserve card is amazing. I know you also cancelled yours before the new upgraded benefits. I actually have two of them since this card is sooo good now. Business & consumer versions. Also, by having both I get automatic Silver Medallion status. Plus 8 One-time guest passes at Delta Sky Club. I won’t mention the super power of this card.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
@@Leoprieto74 it is a big time card. My problem is I don’t take a lot of delta flights lately.
@Leoprieto74
@Leoprieto74 Ай бұрын
@@LukesPointsandMiles I hope you’re not flying Spirit 😂
@superflee12
@superflee12 Ай бұрын
If you declare your card lost and get a new card number, you get the ability to referral links and bonuses again.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yeah I’ve read that. I’m no goodie two shoes but I’m not in the business of lying like that. I don’t judged it’s just not part of my game
@nubianpwr
@nubianpwr Ай бұрын
@@LukesPointsandMiles respect🙏🏾
@user-ko4pe9yd4e
@user-ko4pe9yd4e Ай бұрын
The coupon book isn’t worth for me.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I can understand even when it is worth it, it’s not.
@VictorMartinez-zf6dt
@VictorMartinez-zf6dt Ай бұрын
Noooo not on my birthday!
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Haha!! I still hold the biz version so it’s still all good.
@shoelady6457
@shoelady6457 Ай бұрын
💳💳😁👍
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Thanks for watching, lady!
@thomasjohnson2916
@thomasjohnson2916 Ай бұрын
$800 oh hell no!!! I will Cancel that card immediately.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Ha! I’ve had it for a few years and it’s served me well.
@MrIowahawks77
@MrIowahawks77 Ай бұрын
Who told you it is going up to $800 very soon?
@MrIowahawks77
@MrIowahawks77 Ай бұрын
Yikes. That just crazy $800. Good bye platinum card
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
It’s already $890 for an UA and we can look back at historical data to easily deduce the annual fee is going up again. Sooner than later by the words from their CEO recently.
@krs1905
@krs1905 Ай бұрын
First
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
🥇
@user-wg2js6in6b
@user-wg2js6in6b Ай бұрын
1st
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
🥇
@eduardazayev4230
@eduardazayev4230 Ай бұрын
But you still have business platinum? If yes then this is not cancelation, but just downgrade. I will be cancelling both gold and platinum cards this year and this will be final. I'm just debating with myself about platinum card, but gold will bite the dust most definitely.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Yes. I canceled the gold recently as well
@user-jn4bu8fc9w
@user-jn4bu8fc9w Ай бұрын
Boring. In a months time, you've made a video explaining why you didn't cancel the platinum and then made this redundant video explaining why you did - meanwhile, you still hold a platinum card since you recently acquired the biz version. I guess your other viewers enjoy your video churning, but I'll tell you how it is.
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
I thought i was getting a hit repetitive. I appreciate the feedback. I hope you at least got something out of one of the videos! Thanks for watching.
@markc7274
@markc7274 Ай бұрын
Way too many videos….stop
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
All videos? Or just platinum card?
@leroyleroni3020
@leroyleroni3020 26 күн бұрын
This is another "click bait" video with a very misleading title since you're keeping the business version of the Amex platinum card. Like many other so-called "credit card experts" on KZbin, you would gain a lot more credibility by cancelling all of your Amex Platinum cards. I guess the "FLEX" aspect of this glorified card is too hard to give up.
@LukesPointsandMiles
@LukesPointsandMiles 26 күн бұрын
What would I do with all that credibility and no biz platinum card?
@leroyleroni3020
@leroyleroni3020 26 күн бұрын
@@LukesPointsandMiles You should seriously ask yourself that question.
@LukesPointsandMiles
@LukesPointsandMiles 26 күн бұрын
@@leroyleroni3020 Thanks for the feedback, Leroy!
@JuanGarcia-hr1wf
@JuanGarcia-hr1wf Ай бұрын
Thank you Luke for sharing your Amex Platinum journey and your service 🫡 I just finished SUB on the Business Platinum and finishing up 175K SUB on Personal Platinum but will need to decide which one I will keep come Feb 2025
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
Thank you sir! Yes not very many folks will need both!
@warrenescalona3033
@warrenescalona3033 Ай бұрын
OMG LUKE! I’m in shock 🫢 I never think that someone can cancel THE BIG DADDY!!! But I understand that you have the Platinum Business? The Business Platinum let you go with your family to the Centurion?
@LukesPointsandMiles
@LukesPointsandMiles Ай бұрын
No biz plat is just one person and employee cards are expensive but the biz plat gives me two guests in escape lounges
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