What are your thoughts on the Amex Platinum? ⬇ Get Kudos for free and double your credit card rewards → save.onelink.me/4iKP/matt Use code “MATT” to earn $20.00 after your first eligible purchase!
@jw0ng23
6 ай бұрын
Info you have provided shows that im not rdy for the amex plat, thanks for the video
@MattWelterOfficial
6 ай бұрын
Thanks so much for watching!
@TheCreditFrog
6 ай бұрын
Lots of great points to consider here Matt! Ultimately, it’s going to depend on how much you travel IMO, but if you’re unsure, just snag a 150k-200k offer and sample it for a year. At the end - you’ll know if you were good with statement credits and benefits or not!
@MattWelterOfficial
6 ай бұрын
That's definitely a great plan! Certainly can get positive value in Y1 with the welcome bonus and it'll give you a good sense of how you are able to utilize the Credits and track the value that you are getting. Thanks so much for watching Stan!
@newagain9964
6 ай бұрын
Nope. Once in a lifetime language means u should delay as long as possible getting card until u actually travel enough or until there is a ridiculous welcome offer(200k is not special and will be norm in a year or so)
@TheCreditFrog
6 ай бұрын
@@newagain9964 I can see where you're coming from, but if someone has a use for that 200k welcome offer and can meet the MSR, I think it's ok to get it earlier rather than later. But if it's getting points, just to get points, yeah waiting as long as possible would be the better move.
@bstoker9468
6 ай бұрын
Thanks for always being reasonable and fair in your videos, the games needed for this card are just too much for me. Would only get it if I was making over 250k and traveling more than five times a year at some point and didn't mind missing out on just some credits lol
@MattWelterOfficial
6 ай бұрын
Of course!! Yeah there's just too much going on with the Plat in a lot of cases.. Appreciate you watching!
@woodzy883
6 ай бұрын
With a fam, this is a very hard card to justify. I see myself getting it at least for a year for the sub or shortly before I start flying the fam internationally. But that is years down the road once they are old enough to sit on a plane for several hours at a time. Another case is I'm just not finding value with my over 200k points just pooling right now. So getting the CS plat to bolster my Charles Schwab investments would also be a good use case and with long term investment strategy I would definitely get way more than 2cpp value. Over 20 years it could be in magnitudes of 200 cpp value. It's long term is definitely the highest return on spend you can have.
@MattWelterOfficial
6 ай бұрын
That is a great point Woodzy! The CS version of the Plat is definitely great for consistent value and obviously if you are thinking long-term horizon, the cash out option for investing could be worth it. But yes totally understand timing getting the Plat around when you start flying with the fam internationally. Thanks so much for watching!
@SledgeIncTeam
6 ай бұрын
I have 3 AU's on my Platinum. That $600 is going to hurt hahahaha. Good stuff Matt
@MattWelterOfficial
6 ай бұрын
hahaha wow! Yeah the AU Fee on the Platinum is definitely annoying.. Thanks for watching Sledge!
@headlibrarian1996
6 ай бұрын
It isn’t just that the credits are hard to use, they also force low return in spending. Why would I pay for streaming at 1x MR on the Platinum when I could get 6% cash back with a BCP? Why spend on dining at the same 1x MR when I get 4x MR with the Gold? I also think it’s only a matter of time before Amex ceases MR earning for spending covered by a credit, just as the credits on the Sapphire Reserve and Venture X do.
@MattWelterOfficial
6 ай бұрын
Definitely fair point there! Thanks so much for watching!
@newagain9964
6 ай бұрын
Yup. But at least the VX does exactly what it’s advertised to do. All these other “premium” travel cards are smoke and mirrors.
@elliottnixon-wq6sp
6 ай бұрын
This card is for perks and buying flights. That’s it. It’s the ultimate backup card. You use it for purchases that are statement credit covered or when you’re trying to cover your anatomy with purchase protection.
@MattWelterOfficial
6 ай бұрын
Yeah definitely! Definitely can be somewhat of a sock drawer card by just connecting your Amex Plat digitally to services to utilize the statement credits! Thanks so much for watching Elliott!
@ryanccc777
6 ай бұрын
Great point on the Centurion lounge, people speak of them vs. Chase and Capital One (I get that with the Platinum you also have Escape, Delta etc.) but there are only 13 Centurion lounges in the U.S., 3 Sapphire lounges in the U.S. which includes the Austin Terrace with 4 more under construction and 3 Capital One lounges. It more depends where you live (home airport) and where you travel to.
@MattWelterOfficial
6 ай бұрын
Absolutely agree! I feel like a lot of people have the sentiment that the Amex Plat will automatically get you access into a lounge regardless of what airport that you go to, but in reality, everyone needs to take their own travel preferences & airport location into account for sure. Thanks so much for watching Ryan!
@ItsMeCJ
6 ай бұрын
Honestly, the Amex Platinum really isn’t for anyone who doesn’t travel at least 5x per month, which is why it’s a bit inconvenient to try to maximize value from those statement credits. Other than that, flexing the card a gas station is laughable 😂. Who’s going to see it at the gas pump? And the store attendant probably has no clue what an Amex Platinum card is. Good breakdown here Matt 🙌🏾.
@MattWelterOfficial
6 ай бұрын
Hahaha very true yet I still see people do it 😂But yeah totally agree, you definitely want to be in a position to travel frequently enough to maximize the full value on the statement credits. Thanks so much for watching CJ!
@newagain9964
6 ай бұрын
AMEX is for ppl bad at math or just don’t care about spending money.
@MattWelterOfficial
6 ай бұрын
Haha fair 😂
@BobI-jb4rk
6 ай бұрын
☘️
@MattWelterOfficial
6 ай бұрын
☘
@AnthonyVenture
6 ай бұрын
Very fair breakdown Matt! Great highlighting just how many credits most people can/can’t use, good to see, would have helped me when I mistakenly got my Platinum card early years ago 😂 Ps. I still can’t get over that Panama Hotel upgrade room view of the water!
@MattWelterOfficial
6 ай бұрын
Hahaha absolutely! There's definitely some useful ones, but also definitely some not so useful ones as well haha. And thanks so much! That room upgrade was unreal and all made possible just with Gold Status! Thanks so much Anthony!
@funny2thag
6 ай бұрын
I used the hotel credit in 2022 and it actually made it cheaper than a Hampton Inn nearby. That was very useful but could not find a use for the credit in 2023.
@MattWelterOfficial
6 ай бұрын
Gotcha- Yeah inconsistency with property availability is definitely an issue that some people have experienced with that Hotel Credit. Thanks so much for watching!
@TheZombaslaya
6 ай бұрын
Well, I guess jump on the Amex Platinum now if you want it to get the SUB.
@newagain9964
6 ай бұрын
There will be more subs. Better ones rho
@MattWelterOfficial
6 ай бұрын
Fair! Always some good targeted offers floating around!
@MontyTheCardNerd
6 ай бұрын
I hope the trend of "increased annual fees + more monthly/quarter statement credits to justify it" slows down on the Amex Platinum, but I'm not too optimistic. Also I'm starting to get less fond of the hotel credit ... at least where I've traveled lately, the FHR properties are pretty steep. Awesome breakdown Matt!
@MattWelterOfficial
6 ай бұрын
Yeah seriously!! I really hope there aren't continued annual fee increases, but based on what the Amex CEO said, it sounds like that isn't slowing down any time soon. And gotcha- yeah not having enough options around that $200 range can definitely be a huge negative. Thanks so much for watching Monty!
@leprechaun4gold221
6 ай бұрын
In the heart of the emerald isle, a debate was heard, neath the rainbow's end, spoke a Leprechaun's word. "Which Amex to choose, on this fine Patrick's Day? Gold or Platinum, which leads to fortune's way?" "The Gold," he declared, "is where true value lies, with dining rewards that could reach the skies. More points on groceries, a feast to behold, a pot o' rewards more precious than gold." The Platinum's grand, with travel perks wide, but for a wee Leprechaun, it's not the right ride. No need for lounges or elite status so bold, when the heart yearns for warmth, not the allure of cold. On St. Patrick's Day, let's all be merry and bold, for the Amex of choice is the one made of Gold.
@AnthonyVenture
6 ай бұрын
As a fellow Irishman & scholar, I just want to point out an issue with this scripture: “Which Amex to choose, on this fine Patrick’s day?” Thereafter should say, “Classic Gold or Rose Gold?” To which all the fellow leprechauns would snicker at the old tale; “Ha! there’s nooo such tings as a “rose pot o gold ha!” But everything else is spot on, thank you for making us all aware Leprechaun Gold! 🍀
@MattWelterOfficial
6 ай бұрын
Love this haha!
@ItsMeCJ
6 ай бұрын
@@AnthonyVentureAnthony…..😠
@ItsMeCJ
6 ай бұрын
I’m the 1000th viewer, so that makes me 1st 🥇 😃
@MattWelterOfficial
6 ай бұрын
Haha wow 1000th! We'll have to create a new medal for that one haha
@Creditcardnerd
6 ай бұрын
Still the best
@MattWelterOfficial
6 ай бұрын
Absolutely still a great Card for a lot of people!
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