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Is The American Express Platinum Card Worth The $695 Annual Fee?
Forbes ^ | 06/16/2024 | David Rae

Posted on 06/16/2024 6:27:46 PM PDT by ChicagoConservative27

Price is only an issue in the absence of value, and the American Express Platinum Card brings value. Keep reading as we share the valuable benefits that may make the $695 annual fee seem cheap compared to other credit cards that don't offer as many benefits.

Yes, the American Express Platinum Card is one of the most expensive credit cards on the market. Depending on your spending and amount of travel, you may get huge value from this card. On the other hand, some of you may be better off with another credit card with a lower annual fee.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Education; Reference; Society
KEYWORDS: americanexpress; amex; annualfee; card; platinum
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I don't have that kind of money to spend 😒
1 posted on 06/16/2024 6:27:46 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

No it is not worth that money.

At the least of things, when you pull it out to pay for stuff you are telling the people around you that you can afford this card.


2 posted on 06/16/2024 6:30:40 PM PDT by Jonty30 (He hunted a mammoth for me, just because I said I was hungry. He is such a good friend. )
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To: ChicagoConservative27
"Keep reading as we share the valuable benefits that may make the $695 annual fee seem cheap compared to other credit cards that don't offer as many benefits."

Yeah right.


3 posted on 06/16/2024 6:31:23 PM PDT by plain talk
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To: ChicagoConservative27

No.


4 posted on 06/16/2024 6:31:59 PM PDT by foundedonpurpose (Praise Hashem, for his restoration of all things! )
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To: ChicagoConservative27

Airport lounges available on that card suck...and very few. Much better options for us jet-setters.


5 posted on 06/16/2024 6:33:06 PM PDT by BobL
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To: ChicagoConservative27

No credit card is worth that kind of money.


6 posted on 06/16/2024 6:33:56 PM PDT by metmom (He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus…)
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To: ChicagoConservative27

The Southwest Airlines credit card is the best. I always get my n the A boarding group and get lots of free flights.


7 posted on 06/16/2024 6:35:01 PM PDT by bort
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To: ChicagoConservative27
I am going to pay someone to loan me money?

R-iii-ght.

8 posted on 06/16/2024 6:35:27 PM PDT by Harmless Teddy Bear ( Roses are red, Violets are blue, I love being on the government watch list, along with all of you.)
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To: ChicagoConservative27

It’s only worth it if you get everything you purchase with it at 1/2 off, or free.


9 posted on 06/16/2024 6:38:47 PM PDT by adorno (CCH)
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To: BobL

For example?


10 posted on 06/16/2024 6:40:16 PM PDT by SpirituTuo ( )
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To: ChicagoConservative27
As a business owner, 100% yes.

As an employee or retiree, maybe not.

11 posted on 06/16/2024 6:40:23 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: ChicagoConservative27

I prefer Discover Card. We charge just about everything on it, pay our balance in full every month, and get several hundred dollars in cash back each year.


12 posted on 06/16/2024 6:42:25 PM PDT by Bubba_Leroy ( Dementia Joe is Not My President)
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To: ChicagoConservative27

No, it definitely is not worth it. The customer service is terrible and they do not fulfill their promises of benefits. Not to be relied upon - better to stay away from this card.


13 posted on 06/16/2024 6:43:09 PM PDT by RAldrich
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To: ChicagoConservative27

Is there a $695 swag bag every year?


14 posted on 06/16/2024 6:44:16 PM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
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To: ChicagoConservative27

I had an AMEX card, in the 1980’s. I cannot recall much, because I was so soured on the notion of credit cards, that I vowed I would never do that again, and I have been successful, to the minute you read this.


15 posted on 06/16/2024 6:45:54 PM PDT by Terry L Smith
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To: metmom
I just read that some major online merchant just stopped accepting AmEx because their seller percentage was too high.

Full disclosure: I cut up my AmEx card 40+ years ago for sticking me with some "travel magazine" without asking. It was 90% ads, and they had the gall to demand that I pay a $35 subscription fee for it. Never again.

16 posted on 06/16/2024 6:46:19 PM PDT by Chad C. Mulligan
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To: SpirituTuo

Upper end Visa cards, from what I hear.


17 posted on 06/16/2024 6:49:31 PM PDT by BobL
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To: ChicagoConservative27

My son in law has this. It works for him. Wouldn’t work for me.


18 posted on 06/16/2024 6:59:34 PM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: BobL

In my experience, Amex Platinum has access to the most lounges both in the US and abroad. Capital One has one, working on two, and Chase has 3, I think. All 3 cards offer Priority Pass.

In my opinion, if you can’t take advantage of the benefits, then it isn’t worth it. However, if you can, then it is worth it.


19 posted on 06/16/2024 7:03:52 PM PDT by SpirituTuo ( )
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To: Chad C. Mulligan

We have two credit cards and they are with regional banks.

We don’t need any more. Credit is a trap anyways. It’s way too easy to over spend and get hammered with fees. What a waste of money.


20 posted on 06/16/2024 7:04:03 PM PDT by metmom (He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus…)
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