Let me know your thoughts on the Amex Platinum 👇 💳American Express Platinum: mattwelter.info/amex-platinum
@shawn.credit4 ай бұрын
Amex Platinum is the BIG DADDY travel card you will not find the status or lounge access it offers anywhere else. Of course bring a Visa as well when overseas!
@MattWelterOfficial4 ай бұрын
Agreed Shawn!
@BobI-jb4rk4 ай бұрын
Great review. Those big ass coupon books won’t do me any good out here in rural America so I’ll stick with my CSP.
@MattWelterOfficial4 ай бұрын
Haha totally fair Bob!
@kimbapslayer199522 күн бұрын
Unless you’re spending like 20k on travel every year, platinum cars is a joke. And knowing Americans, 80% of people are under qualified for the card.
@FlyWithRookie4 күн бұрын
We spend around that. My wife and I take quarterly vacations alternating abroad and domestic. When we travel domestic like this year, we spend north of $12k in first class travels and north of $4k in FHR properties. This does not included the ridiculous amount of money spent on dining out at these resorts some exceeding $4000 per stay. The Platinum card had been a major player in our house hold. I get it’s a YMMV type of situation though.
@fogrunr50754 ай бұрын
Enabling me to have Gold status for both Hilton and Marriott (downgrade to the no annual fee cards) is actually the most convincing point for me to keep the Platinum. Well done!! 🎉🎉🎉 Also, Access to the Delta Sky lounges without having the top Delta card is a big plus.
@MattWelterOfficial4 ай бұрын
Thank you so much! And yeah the elevated statuses & perks with other travel brands on the Plat can definitely help to shave off other annual fees since a lot of benefits are all encompassing within the Platinum. Appreciate your support as always!
@TheCreditFrog4 ай бұрын
The Amex Platinum is the best travel card for good reason! Even though the CSR and C1VX are pretty good competitors, the Amex Platinum is still the top dog! Great coverage of all the reasons why it’s a great card Matt!
@MattWelterOfficial4 ай бұрын
Completely agree! Thanks so much for watching Stan!
@bethearl86863 ай 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.
@al168994 ай бұрын
If I had to choose one premium card I’d still choose the sapphire reserve because AMEX isn’t accepted in many parts of the world and as an international traveler I need the convenience that a Visa provides.
@MattWelterOfficial4 ай бұрын
Totally fair! Especially if you prioritize international travel I can see why the Amex Plat is definitely not the ideal Card. Appreciate you watching!
@The_Turd_Ferguson4 ай бұрын
Amex plat is trash. Especially for international travel which always paid for by points anyways. And the "credits" youre paying for anyways.
@ItsMeCJ4 ай бұрын
I’m first…all others disqualified. And nope! The C1VX is best! Fight me!….dont fight me though.
@MattWelterOfficial4 ай бұрын
Haha CJ is ready to 🥊
@MrMeneya4 ай бұрын
CJ you mean venture X card
@ItsMeCJ4 ай бұрын
@@MrMeneya yes, Capital One Venture X (C1VX is what I use to shorten it 😆)
@erronwhite87713 ай бұрын
I like CSR over all due to their travel partners and points value. It puts them on top.
@ryanccc7774 ай бұрын
Mileage may vary, but a big plus for the Platinum that people always tout is “lounge access”, I know is there is Escape etc. but people always tout the Centurion lounge and there are 13 Centurion lounges in the U.S., people never give that number (I know you did😂) and make it seem like 1,000, lol, so if you don’t have one in your home airport or travel with family (can’t access a Centurion lounge with guests anymore) you are out of luck. 🍀 😂
@MattWelterOfficial4 ай бұрын
Totally fair Ryan and a great point to bring up! You are absolutely right that having a Centurion Lounge at your home airport vs Not having one is a significant factor on how much value each person would get out of the Platty.
@ryanccc7774 ай бұрын
@@MattWelterOfficial personally I actually live near CLT which has a Centurion lounge (and a PP lounge) but because I travel with my family I can’t use the Centurion lounge with the changes made this year. With the VX all four of us plus my mom in NY have PP access at the $395. I totally get the use case for the Platinum but the changes made this year really stuck it to families. That is the beauty of all of these cards, there is one for everyone 😂. Great content as always
@MattWelterOfficial4 ай бұрын
@@ryanccc777 Haha exactly, and yeah I totally understand that. The Platty is definitely the perfect card for individual people who travel a lot for business and if you travel with family most of the time, the changes are too suitable for that. Appreciate your support as always!
@buhner19914 ай бұрын
Another great video. I would also suggest looking into the Delta Amex Reserve. I have both the Platinum and Reserve cards and use them to complement each other. i also have a Venture X I use everywhere Amex is not accepted, like Costco. I never realized how much fun the Credit Card game could be until I started watching your videos. Of course, I never carry a balance on any card.
@chadpennycuff4 ай бұрын
Customer Service - I get send to off shore call centers these days - not buying great CS.
@MattWelterOfficial4 ай бұрын
Yeah that's fair! I honestly don't even really ever call Amex, for the most part can pretty much accomplish everything through the in-app Chat. Thanks for watching Chad!
@krishhanan861527 күн бұрын
For a 1-2 times traveler a year like me venture x suits me perfectly … Amex is good if we travel all least 5 times a year .. being an immigrant priority pass from venture x cover me internationally any way and it’s a Visa card so no restrictions outside USA
@ItsMeCJ4 ай бұрын
So… I’m always running late to a flight 🤣, Clear was made just for me. I didn’t have it on my recent trip, only TSA PreCheck, and I made to my flight with like 10 mins left before boarding closed. Yup, I cut it close….and since I’m always late, I don’t think I’ll ever get to enjoy an airport lounge. Hmm…so if I open up the Amex Platinum, it’d benefit me to cancel my HHB. Very good to know. Bruh, try comparing Amex customer service to WF. Who do you think wins? 👀 So, I’m going to request a retention offer when my AF becomes due (I think) especially if the AF is increased.
@MattWelterOfficial4 ай бұрын
Hahah CLEAR can definitely be a game changer! Yeah the Platty with its elite statuses can help to shave off some of those annual fees on other Cards. Appreciate you watching CJ!
@rylequitain76784 ай бұрын
You say a one night stay could trigger the hotel credit but doesn’t the Hotel Collection require a 2 night stay?
@MattWelterOfficial4 ай бұрын
Fine & Hotels Resorts which can activate the Hotel Credit only requires a one night stay! Thank you for watching!
@DavidD-yl3yoАй бұрын
True, but for fine Hotel, you really not finding a night around $200. If we are being honest!
@veramae40984 ай бұрын
None fo the businesses around me take American Express.
@MattWelterOfficial4 ай бұрын
Gotcha- yeah American Express acceptance especially internationally can definitely still be a downside with this Card for sure.
@SpartanOfFinance4 ай бұрын
Its a good card for a subset of users. You need to travel a significant amount and fly in/out of airports with the Centurion/Delta Lounges. You should be able to handle a good amount of the credits with natural spend and utilize the hotel benefits. I looked into the card and I could not truly justify it. The best features are the huge welcome bonuses, the lounge access, the possibility of getting a retention offer after the first year and what I believe is the best set of transfer partners in the business (at least for airlines). It makes year one and possibly year two no brainers even if you fly just a few times. It's just I cant find too much value in the credits to offset the AF.
@MattWelterOfficial4 ай бұрын
That's totally fair! And yeah my take on is that everyone should at least "try out" the Plat, but I understand if it's not a viable option long-term, since like you said there are a lot of Credits to keep track of, and taking a hands-on approach with that is necessary. Additionally, mileage will vary again with Lounge Access just based on if you fly out of an airport with good lounge options. Thanks for watching!
@SpartanOfFinance4 ай бұрын
@@MattWelterOfficial 100% spot on. Just remember to go through the entire family of cards starting with the green as you don’t want to lose out on so many points due to that annoying family language.
@MattWelterOfficial4 ай бұрын
@@SpartanOfFinance Absolutely! Unfortunately already missed out on the Green with getting the Gold first. But I'll go Platinum next.
@rikishri4 ай бұрын
The multiple eyebrow-raises triggers my anxiety.. idk why
@MattWelterOfficial4 ай бұрын
Sorry!
@gojinny42384 ай бұрын
I live in Atlanta where Amex Platinum is so much better with best Centurion lounge and Delta Sky Club lounges whereas priority pass lounge is miserable and always wait listed. Centurion lounge (at least the one in Atlanta) is far superior than Capital One lounges and less crowded than Sapphire lounges in other airports. My only complaint about Amex Platinum is that I have to call them every single month for statement credits that are supposed to be applied automatically - waste of time to remind them every month....
@MattWelterOfficial4 ай бұрын
If you live in ATL, the Amex Platinum is awesome as you said! But yeah that is annoying.. YOu'd think they'd have a better breadth of understanding for when certain Credits should be applied. Appreciate you watching!
@robertjarrell72764 ай бұрын
I’m curious, which credits are not posting timely automatically for you?
@robertjarrell72764 ай бұрын
I have said I’d never give up my Schwab Platinum, but if the fee is hiked and the useless (to me) rideshare and Resy credits are added, like to my Delta Platinum, I may have to let it go, which means I’d also give up my Gold card. Don’t do it, Amex!
@MattWelterOfficial4 ай бұрын
DON'T DO IT AMEX haha! I definitely would hate the Rideshare & Resy Credits as well. Thanks for watching Robert!
@raifhol4 ай бұрын
The plat card could dominate the other premium cards with a few tweaks, a bump to the point earnings would be a good start, they need to add a few benefits to justify the annual fee, especially if they plan to raise it, otherwise it is easy to walk away from this card.
@MattWelterOfficial4 ай бұрын
That's totally fair! Yeah the annual fee is definitely high, the point earning isn't very good and it does take a lot of work to actually get positive value so I can see why it's become somewhat of a polarizing Card. Appreciate you watching!
@drag0n4ever4 ай бұрын
The Platinum card is horrendous. It’s a glorified coupon book with horrible multipliers.
@MattWelterOfficial4 ай бұрын
Totally understand why some people don't like the Coupon-Book style of the Platinum! Thanks for watching!
@krishhanan861527 күн бұрын
My combo Amex gold + venture X
@MattWelterOfficial27 күн бұрын
That’s a great combo! Thank you for watching!
@drchrisheidelbergАй бұрын
Great video! This year I plan on offsetting the annual fees with the hotel deal. I love the Wal-Mart plus because I can have things delivered or pre ordered plus I get Paramount + and you have access to cheaper gas for our SUV at Sam's and ExxonMobil. We had an emergency with our EV and Wal-Mart fixed the tire for free due to my status
@dougn73192 ай бұрын
AMEX should launch a Lite version of these cards with no credits and a lower annual fee. Just terribly bloated products while competition is gaining.
@rthelionheart2 ай бұрын
Yo, the Venture X is a world-class card; easily up to par with the Amex Platinum.
@Ehtizan-Editor-0014 ай бұрын
Hey Matt, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel
@34skyline4 ай бұрын
I just got a upgrade offer from Gold to Platinum 100k with $6k spend in 6 months but I will lose the Gold in the process and I don't want to give up my Gold card
@MattWelterOfficial4 ай бұрын
Gotcha- Yeah I totally understand that. If 100k bonus points is worth it though, you could always upgrade to take advantage of the bonus and then downgrade back to the Gold Card at some point.
@OfficialChadsMoneyMinutes4 ай бұрын
That's what i'm talking about! the Platty is the King of the mountain regardless of it's popularity! Thanks for the honest review great video Matt!
@MattWelterOfficial4 ай бұрын
Absolutely and completely agree! Thanks so much Chad!
@AnthonyVenture4 ай бұрын
Yeahh mannn, Hilton Gold alone could be worth the annual fee for me depending on how much I’m staying at Hiltons, and want to eat at the Hilton restaurants to make use of the dining credits etc. One 5 day stay I did last year saved me $150 in food since we only ate at the hotel, very underrated! So good point on that man, and I like that you said you could just cancel the Surpass etc which would save you some annual fees, good way to think about it. I think the biggest reason it still wins, is STATUS! Great stuff Matt!
@MattWelterOfficial4 ай бұрын
Completely agree Anthony! Yeah being able to shave off annual fees on other Hotel Cards by simply having access to the same statuses on the Platinum is honestly a pretty underrated but great benefit that doesn't get talked about too much. Appreciate you watching!
@JonsCreditAndTravel4 ай бұрын
Matt!! Good video man. I can see where, depending on individuals' circumstances, the VX or the CSR could be the best high end travel card option for certain folks. But, for me and my situation, the Amex Plat is the best option since my home airport has only a SkyClub and Im a Delta fan and will always fly Delta or SkyTeam members over other alliances. Platinum cant be beat for lounge access options for me. Good comparison video.
@MattWelterOfficial4 ай бұрын
Absolutely! The Plat is definitely the goat of lounge options, especially if you have significant opportunities at your home airports. Thanks for watching Jon!
@chadpennycuff4 ай бұрын
Favorite coupon book card. Punches above its weight class. Pay fee, get outsized value in coupons and net free lounges (and the best lounge network for any credit card).
@MattWelterOfficial4 ай бұрын
Agreed! Credits get you past Annual Fee and the fantastic lounge access is the cherry on top! Appreciate you watching Chad!
@SpencerChewitt4 ай бұрын
The 🐐 has posted!
@MattWelterOfficial4 ай бұрын
Haha thank you Spencer, appreciate your support as always!
@MontyTheCardNerd4 ай бұрын
While a bit annoying to manage, the variety of benefits on the Amex Platinum is a powerful aspect of the card, especially since as you said, you won't need some other cards with annual fees that cover those benefits. The C1VX is still my favorite premium travel card, but the Amex Platinum isn't far behind. Awesome stuff Matt!
@MattWelterOfficial4 ай бұрын
Thank you so much Monty! Yeah huge diversity of benefits on the Platty!
@dariusjamal4 ай бұрын
Plat is the 👑 when it comes to travel cards. I love the VX and think it's suitable and justifiable for a wider range of ppl, but the statuses and benefits from the Plat are hard to beat.
@MattWelterOfficial4 ай бұрын
Completely agree! Thanks for watching Darius!
@TheZombaslaya4 ай бұрын
I would have gotten this card but I'm in hardcore pop up jail, couldn't even get the 100k offer on it. Got the CSP instead to go with my Venture X last night.
@MattWelterOfficial4 ай бұрын
Ah dang that sucks.. Congrats on getting the CSP though!
@lewislouis62464 ай бұрын
Great video. I still would roll with venture x though, Remember there's no real downgrade path for the platnuim no matter what you do which is why most just end up canceling all together Also the platnuim is great locally but defused internationally while venture x is getting u 2% on all activities no matter the country.......i think everyone should still get a platnuim just see if it works for you & experience the ins and outs.
@MattWelterOfficial4 ай бұрын
Thanks so much Lewis! Yeah that's totally fair. Not having a significant downgrade path with the Platinum is definitely a downside and the Venture X can definitely be a better international Card & a more straightforward one overall. I definitely do agree with you though that everyone should test out the Platty at least for the welcome offer and then make a decision on whether it's worth it long-term after that.
@fogrunr50754 ай бұрын
At your Gold Card one year mark they will send you a Platinum upgrade offer. I hope it's a great one!
@MattWelterOfficial4 ай бұрын
Thank you! I actually do have a 100k upgrade offer! Planning to get the Plat first and the welcome offer that comes with it and then I'll potentially take advantage of that upgrade offer!
@MattMcGrathOfficial4 ай бұрын
Thoughts on adding an AU just for Centurion/Sky Club lounge access? We have all the big players here in NYC fyi.
@MattWelterOfficial4 ай бұрын
I think it's definitely circumstantial. One way that I've looked at it- to bring in a guest to a Centurion Lounge its $50/visit. The annual Fee on an AU for the Platinum is $195. So you basically would need to bring your P2 into a lounge at least 4+ times per year for the AU Fee to be worth it. Thanks Matt!
@Xavier_ID.4 ай бұрын
👍🏼
@MattWelterOfficial4 ай бұрын
Thanks for watching Xavier!
@luisserrano8634 ай бұрын
Great video, we all occasionally get annoyed with the coupon book, but it definitely delivers value with their benefits and customer service. When you do the upgrade from Gold, and get stuck with 2 Platinum cards, what would be the gameplan after that? Is there any other benefit of staying with 2 Platinum cards? (I get the bonus part, but after that) I'm guessing maybe downgrading one of them to Gold or Green since those are the ones that earn regularly.
@MattWelterOfficial4 ай бұрын
Thank you Luis! And you are spot on- Upgrade would be used to double-dip on the amount of point earning, and then simply downgrade one of the Plat Cards back down to the Gold or Green after that.
@luisserrano8634 ай бұрын
@MattWelterOfficial Thanks! I'm actually currently in that situation and it was worth the bonus points but I'm wondering when the year is up if I'll go to Gold or Green.... they both have pros and cons, but definitely keeping the CS Platinum, as you already mentioned it's by far the card that delivers the most value even with its price tag.
@MattWelterOfficial4 ай бұрын
@@luisserrano863 Completely agree! And it's a nice floor with being able to cash points out at 1.1 Cents/Point through Schwab if you ever wanted to
@vickiarnold73004 ай бұрын
It's not for me. Great job on KZbin ❤
@MattWelterOfficial4 ай бұрын
Thanks Vicki :)
@BucksBites4 ай бұрын
Great breakdown and comparison
@MattWelterOfficial4 ай бұрын
Thanks Buck!
@SOXGATORS4 ай бұрын
😊
@MattWelterOfficial4 ай бұрын
🥇
@GEN512X4 ай бұрын
I don't have the platinum card; nor do I ever plan to get one unless it suits a future lifestyle of mine.... But YESSSS!!! Platinum is King 🎉🎉🎉 You gave me a potential reason to get the platinum in the future. That Hilton gold status; since the only free night awards on Hilton cards is the hefty aspire card which I am not a Hilton loyalist, but could value having a good status with them for paid stays and get the benefits of the Platinum card. Nice 😂 Now I am going to be thinking about fitting the Platinum into my annual budget.
@MattWelterOfficial4 ай бұрын
Thanks so much! Yeah the saving fees due to the statuses offered by the Platinum can be a game changer. Really appreciate you watching!