Justifying the $695 Amex Platinum in 2023 (and Retention Offer Results)

The American Express Platinum Card comes with an annual fee of $695 and is advertised to provide $1,500 and more in credits to negate this fee and provide more value to us as the customers.

I share my retention offer results, with the script at 7:26, which is a way for both the issuer and customer to be content and happy to keep up the cardmember relationship for another year, given that one was potentially thinking of leaving the agreement or canceling the card.

One of the best offers is 150,000 points as sign up bonus/new card member offer and its very reasonable to find a 'Earn 125,000 Membership Rewards® Points
after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership.' type of offer.

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Here's even more info on the Amex Platinum at a glance - a load of credits, and truly that coupon books worth, from:

-Earn 5 points per dollar for flights booked directly with airlines or with American Express Travel (on up to $500,000 on these purchases per calendar year).
-Earn 5 points per dollar on prepaid hotels booked with American Express Travel.
-Annual Uber Cash of up to $200 (for U.S. services).
-Annual airline fee statement credit of up to $200.
-Up to $200 back in statement credits each calendar year on prepaid Amex Fine Hotels + Resorts or The Hotel Collection bookings (the latter of which requires a minimum two-night stay) with American Express Travel when you pay with your Amex Platinum.
-Global Entry or TSA PreCheck application fee credit (up to $100) every 4 to 4.5 years.
-Up to $189 back per calendar year on your Clear membership (expedited security).
-Up to $300 annual Equinox credit on select Equinox memberships when using your card.
-Up to $155 annually in statement credits toward monthly Walmart+ membership fees. Plus Ups are excluded.
-Up to $300 statement credit toward a SoulCycle bike (up to 15 bikes per calendar year). Must be enrolled in an Equinox+ membership to be eligible for this benefit.
-Up to $100 annually at Saks Fifth Avenue: $50 credit January to June; $50 credit July to December.
-Digital entertainment credit: Up to $20 in statement credits each month ($240 per calendar year) when you pay for eligible purchases with your card at one or more of the following providers: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM and The New York Times.
Airport lounge access, including Centurion Lounges and Studio locations worldwide.
-Gold elite status with Marriott and Hilton.
-Complimentary car rental elite status with Hertz Gold Plus Rewards, Avis Preferred and National Car Rental Emerald Club Executive.
Various travel and shopping protections.
-Cruise Privileges Program.
-International Airline Program.
-American Express concierge service.
-ShopRunner membership.

Referral Links:
https://linktr.ee/lalitdevraj

Feel free to get in touch with me directly at:

Instagram: @thelalitdevraj
E-mail: [email protected]

DISCLOSURE: Not a financial advisor, you know how it is; everything here is for entertainment purposes only!