PayPal as a payment method may be a loop hole with an Amex card linked in PayPal. Direct payment on eBay from Amex will be a no go, hopefully PayPal will still process the payment with an Amex card time will tell.
I never use amex with eBay anyway. Does not have any rewards except 1% or 1x. That ain't nothing. I use the PayPal MasterCard on eBay 3% cashback. Amex booted me off for a few years because of rewards points abuse. I was shocked when I got an offer in the mail to rejoin them. This has been a few years now. I have been a good boy since Amex let me back in the club.
I'll be buying anything I can on whatever platform does accept American Express and only buy it on eBay if that's the best price by a margin or it's simply not available elsewhere. We have to vote with our wallets
It’s a lot of work to keep up with the Amex rules and to remember to use the monthly/semi-annual/annual credits. Each of those credits have their own rules you have to qualify for.
@@fwoodbridgeikr. But they love those subs and multipliers and offers. I wish Amex to would raise AF more. Get back to old Amex that was even more generous to cardholders.
Out of the 26 MasterCard Visa is discovers and my American Express card that I have, I’ve had my American Express card the longest it was the first one I ever got. I’ve had it for like 30 years! I could not be more pleased with American Express. It’s the best card in my wallet and I have them all! L O L.
When you speak of Amex offers I read them however they support business that I don't use like hotels or other suits like manscape etc. I had my amex card for 3 years and only found 2 offers I could use like Dollarama. I don't travel Nor Drive so a lot of their offers are not good to me.
Amex breaks the law in Norway. When you register, amex asks for a bank statement from your bank. Where the names, account numbers and amounts from the people you have sent money to or why you received money from are shown. It is illegal according to the Personal Protection law in Norway. So they refused to give me a card until I tell them that they are breaking the law when they ask who I get money from. (you need to live in Norway for using this if they refuse to give you a card, because you can't give the information you want)
As a merchant, amex charges way more to merchants, esp small businesses than large ones. That’s far more lopp-sided. Therefore, we do not accept amex as a small biz. If one has sales of over $2million & the fee is 5%+, how much do you think goes to amex, & not to paying employee’s better wages for hard work, or improvements to biz to make more?
If you buy a business class flight ticket through the Amex portal and pay with the points on your Platinum card, the value is 1c when you book it but then you get 35% of the points used back. Very, very convenient.
Amex blacklists people for decades, I have Amex plat…amex savings and amex checking. People who have charged off through bankruptcy, are basically done forever.
Amex is overrated, not worth the hassle. Maybe get the cards for the SUB and then cancel a year later. Their cards are too much "high maintenance" IMO.
High maintenance? Just spend money, pay off your card, use offers you would’ve used anyways like “Uber credit” etc, and learn how to transfer points. Not very hard unless you’re slow imo
If you have a purchase outside your normal limit, it is convenient to check it yourself, but it is safer and better to simply call and have an Amex rep check it for you. Just tell them you may be making a bigger purchase and you want to know if you should make a payment before hand. They will run the same check on their end, and let you know. They can't give you an exact amount, but they will enter a number, say $50,000 and run it and then can tell you it is at least that number. Also, when you book travel with Amex, they know where you will be and if your history with them is good, your limit will be modified. For example, if you have booked a trip to London and Amex booked the hotels, you'll have more spending power while in London. If you are at all worried about it, let Amex know your plans.
Rule 1 I downgraded my cards after 1 year but don’t care about the points since I never made enough purchases to get the points. But also if they want to close my accounts is fine too just means the other card company’s get my money. I also have a spending limit on my charge card the stupid thing that makes me want to cancel it is that if you do they won’t raise limit on regular credit card
A lot of RUclipsrs when they recommend one of their older videos will provide a link to it somewhere in the video or the description. I wouldn't mind watching your Intro to travel partners video, that you recommended, but I gave up scrolling through your videos to find it.
Thanks for catching that! Here's the link to the video about transfer partners: ruclips.net/video/ae1WayyrwnE/видео.html I also added it to the description 👍
Done for now with amex. Currently in pop up jail now. I am into chase now since i am 2/5. I just applied business ink cash, next will be hyatt then Marriott 😁
Wow. No wonder mine is in the file cabinet. I am going to review that package again. Now the amex high yield savings account is great and pays much better than others.
I have the Amex Delta Platinum ($285 Annual Fee, 2X on grocery store purchases and restaurants and 3x on hotels and Delta travel purchases, in addition to a free RT ticket anywhere in Continental US as a Companion Fare and $100 reimbursement for Trusted Traveler card). I use the Amex card ONLY for these items. This is not excess spending, it is on what I would buy anyway, so there is no increase in cost to me. I use the Companion Fate to bring my grandchild from Tucson to Pittsburgh once a year (figure $500 airfare) which alone is a savings over and above the Annual Fee. The Trusted Traveler card is a 100% of cost reimbursement. Every 3rd year with this my wife and I fly to Europe free on Delta using the accumulated points. Fo0r all other spend I have a BP Oil card which gives me 3% cash back on total spend plus 15 cents a gallon discount on gasoline.
Be careful of AMEX offerers. Some are great. Some like Peats coffee are really bad. The Peats site charges like 30% more than my local grocery store and sometimes even 2 for 1 deals. Always comparison shop!
Their cards aren't a good deal if you can't basically do any of those things you mention, which are the ones that make having such cards profitable (to us).
But if you get 125,000 points for the SUB for Amex platinum, then you have to pay the annual fee of $695 upon first getting card, and then pay AGAIN at the 1 year mark, you've undone your SUB, No?
Hi Mark, Have a question regarding the 1st mistake you talk about in the video. I have 2 personal Platinum cards and they are 1 year apart. The 2nd one is tied to Charles Schwab. Given that Charles Schwab has a better benefits, I would like to consolidate the cards. The first one just hit the anniversary date on 08/28 and I know it will be charged membership fee on 09/20. Should I cancel the card before or after membership charge hits my account? Thanks for your input. Harry Wen
As long as 1 full year has passed, you can cancel or downgrade whenever you like. I personally like to wait until the AF posts to my account. When it does, as long as I cancel or downgrade within 30 days from the fee posting, then I get a full refund.
Reason Number 1000. Accidentally tried to make a pay it now payment from the wrong bank account which happened to be closed on my platinum card. It was like $43. They turned off my card.
Im about to give it a try, Iam bad with remembering which card to use for points and rewards. I have to many cards I want to get rid of some however ppl say not to
@@howieb2090 - Enjoy it! If I had cards that I didn't want anymore, and if they were charging me annual fees without an option to convert them into a no-annual-fee card, I'd cancel them. I'd keep my oldest account open long term if it had no annual fee. No need to keep all cards open forever.
Truly wealthy and money-wise people don't use AMEX, they get a high-limit Visa or MC from their favorite local bank and pay balance off, with no interest and almost no fees. Most premium Visa/MC offer same points programs, rental car coverage, concierge, etc.
Well, as someone living on the island, that’s just not true. It’s usually the big 4 (Visa, MC, Discover and Amex) or 3 (Visa/Mc/Discover or Visa/Mc/Amex).
@@lrzo7734 Guessing you use it on big store, hotels and stuff. But try to use it on small business and will be rejected very quick. I own a small business and I don’t accept Amex. Too expensive.
Man is funny that I saw you at the Apple Store here in Miami took me quite a minute to realize it was you. Been your subscriber for a long time, wanted to say hi but I missed the opportunity when I realized it was you 🤣
Now that I have to go take Tylenol to get rid of the headache I just got from watching this video in my opinion who needs hassle like this just skip AMEX
Yep, great option, but that also requires having the Business Platinum Card. Otherwise, on the personal side, the Schwab Platinum Card is good for $110 per 10,000 points.
That's a good point. I also forgot, I did get issued a 1099-MISC from Amex for all points I cashed out to the business checking account. So that does effectively reduce the value by my marginal tax bracket.
There was some points from spend, but the majority was from the sign up bonuses. I got I think 190k for the business Platinum and 150k for the Gold. I'm guessing they issue the 1099-MISC if it's points redeemed to a business account.
Can you get bonus points and spend them all instantly and cancel. What's Amex going to do, ask you to pay back the points? What's so special about Amex anyways. Just move on to the next card that give you bonus points. It's all about value for money not about being loyal to a card.
Yes you can, but then Amex will take action against you. Here's what they say... "If you have a history of cancelling or downgrading American Express Card accounts within your first year and you cancel or downgrade your new Card account within your first year, we may not credit, we may freeze, or we may take away Membership Rewards points from your account. If we determine that you have engaged in abuse, misuse, or gaming in connection with this offer in any way or that you intend to do so, including if you return purchases you made to meet the Threshold Amount, we may not credit, we may freeze, or we may take away the Membership Rewards points from your account. We may also cancel any accounts you have with us." It makes 0 sense to put 1 bonus at risk to then have ALL Amex accounts potentially shut down, and even get blacklisted (i.e., banned from future cards).
@@MarkReese Thanks for the reply. I don't live in a country where Amex is widely accepted that it's a must have. It's something I use while I travel only. I just don't understand what the big deal is if Amex blacklist me and close my account. It's not like other credit cards don't offer the same perks.
I been member since 2019 I checked spending power 2 times to play with lol. Not doing it again 😂. I started with blue, gold, platinum, and got saving account through them.
Yes, but 'lifetime' may be around 4-5 years. It's basically as long as their system maintains the records of your previous cards. If you haven't had Card XYZ for 4-5 years, it can be worthwhile to ask a rep to tell you which cards you've had with Amex. If they don't mention Card XYZ, then there's a chance the 'lifetime' has passed. More info here: frequentmiler.com/bending-amexs-lifetime-rule/#:~:text=Options%20for%20Bending%20the%20Lifetime,to%20as%20“NLL”).
It’s pretty common, especially at small businesses. Amex charges pretty high swipe fees to the merchant, for a small business that can easily kill their margins. (So it’s not at all unusual for Amex to not be accepted)
So I used to have Platinum 5 years ago and just got the offer invitation to the 175k miles, I did the soft inquiry and didn't get the negative pop-up jail message and came back with a positive message saying I qualify for the 175k offer but I'm concerned due to the 1 time only offer. Based on your experience you think they will honor the offer?
If there's no pop-up warning against ineligibility, then yes, you should get the offer. The 'Lifetime Rule' isn't actually a 'lifetime.' Rather, it's only in effect for as long as Amex's systems look back, which seems to be ~ 4 to 5 years.
@@MarkReese yeah I saw that.. if you travel on your own it's great but if you travel with family isn't good. You end paying less if eating at a restaurant here in Vegas before traveling
@@MarkReese Hi Mark, I need your expertise & opinion.. I've bot offers for Amex Gold & platinum,which one should I get today?? Platinum 175k miles, 8k 6 mo. $695 Gold 100k miles, 6k 6mo. $325 Or can I get both applying right away. Thanks for your help
- well technically the cash magnet is only 1.5% cashback. there is NO personal 1.5x MR earning amex card. the closet to do that is the BBP @ 2x or the Biz platinum, but its only on specific categories or on $5k+ purchases.
F AE ! Do leave home without it ! Fees bs and outsourcing bs plus card never works properly stay away from! Membership fees ridiculous. I Canceled all my AE cards ! Went to chase at least I no my true credit limit ! The black list for years ! Chase at least I got a 40k true limit .
@@lukejohnson1274 I sure do had them for 30 years ! Now everything about that F up credit card ! AE can f their cards ! Chase , capital one citi, navy federal beat them hands down ! AE jail f them ! Card never works right , fees bs ! Get stuck with denied charges . When you pay perfect and have a 805 credit score ! Income over 150k don’t tell me I don’t no how they work when I had business and personal cc with these a$$ holes ! 30 years ! Sentence structure wtf it is what it is ! You getting kick back with AE OR PEDDLE THEM ? You got $$ interest read the consumer complaints on internet about how they treat their customers! They succcc! And you can love them ! Everyone has their opinion! Take the sentence structure and shove it ! Ok
@@lukejohnson1274 had them 30 years ! I no everything about AE ! They are a ruthless company! You must get big money pawning them ! Everyone has a opinion look at their consumer complaints ! Sentence structure? What a joke … shove AE where the sun don’t shine !
ya amex is definitely much higher maintainence, but well worth it if you are willing to follow their rules.
Fun fact: eBay will stop accepting Amex in a few days😅
PayPal as a payment method may be a loop hole with an Amex card linked in PayPal. Direct payment on eBay from Amex will be a no go, hopefully PayPal will still process the payment with an Amex card time will tell.
@@shawn.credit eventually Amex will have to come back down to earth. PayPal fees may not be enough to cover the merchant fee Amex charges
I never use amex with eBay anyway. Does not have any rewards except 1% or 1x. That ain't nothing. I use the PayPal MasterCard on eBay 3% cashback. Amex booted me off for a few years because of rewards points abuse. I was shocked when I got an offer in the mail to rejoin them. This has been a few years now. I have been a good boy since Amex let me back in the club.
I'll be buying anything I can on whatever platform does accept American Express and only buy it on eBay if that's the best price by a margin or it's simply not available elsewhere. We have to vote with our wallets
@@shawn.credit paypal does accept AmEx. I use paypal to make eBay purchases that way with no problems.
I think the first rule applies to any issuer. Cancelling within the first year is a red flag. Or at least I would think so.
It won’t stop you from getting approved for new cards. They want your money too bad.
It’s a lot of work to keep up with the Amex rules and to remember to use the monthly/semi-annual/annual credits. Each of those credits have their own rules you have to qualify for.
"lot of work" 🙄
@@fwoodbridgeikr. But they love those subs and multipliers and offers.
I wish Amex to would raise AF more. Get back to old Amex that was even more generous to cardholders.
Out of the 26 MasterCard Visa is discovers and my American Express card that I have, I’ve had my American Express card the longest it was the first one I ever got. I’ve had it for like 30 years! I could not be more pleased with American Express. It’s the best card in my wallet and I have them all! L O L.
Why “ LOL?” Did you really laugh out loud?
Wow 30 years?!🤯🙌🏾
Amex used to have a "buy locally" benefit - special promos by local merchants. I haven't seen that in a couple of years.
Yep I remember that!
When you speak of Amex offers I read them however they support business that I don't use like hotels or other suits like manscape etc. I had my amex card for 3 years and only found 2 offers I could use like Dollarama. I don't travel Nor Drive so a lot of their offers are not good to me.
Yep the offers can vary quite a bit. Not all will be useful to everyone.
Amex breaks the law in Norway. When you register, amex asks for a bank statement from your bank. Where the names, account numbers and amounts from the people you have sent money to or why you received money from are shown. It is illegal according to the Personal Protection law in Norway. So they refused to give me a card until I tell them that they are breaking the law when they ask who I get money from.
(you need to live in Norway for using this if they refuse to give you a card, because you can't give the information you want)
Thanks for sharing!
I'm probably going to cancel my Platinum. The value just isn't there compared to my CSR which I use way more as an everyday card.
As a merchant, amex charges way more to merchants, esp small businesses than large ones. That’s far more lopp-sided. Therefore, we do not accept amex as a small biz.
If one has sales of over $2million & the fee is 5%+, how much do you think goes to amex, & not to paying employee’s better wages for hard work, or improvements to biz to make more?
I'm not sure what percentage Amex keeps, but I'd imagine close to all of it. That's because Amex is both the card issuer & the payment network.
I’m sure you don’t pass on savings to employees
If you buy a business class flight ticket through the Amex portal and pay with the points on your Platinum card, the value is 1c when you book it but then you get 35% of the points used back. Very, very convenient.
Amex blacklists people for decades, I have Amex plat…amex savings and amex checking. People who have charged off through bankruptcy, are basically done forever.
Amex is overrated, not worth the hassle. Maybe get the cards for the SUB and then cancel a year later. Their cards are too much "high maintenance" IMO.
High maintenance? Just spend money, pay off your card, use offers you would’ve used anyways like “Uber credit” etc, and learn how to transfer points. Not very hard unless you’re slow imo
I use all American express solely because of the Charles Schwab platinum Amex card
If you have a purchase outside your normal limit, it is convenient to check it yourself, but it is safer and better to simply call and have an Amex rep check it for you. Just tell them you may be making a bigger purchase and you want to know if you should make a payment before hand. They will run the same check on their end, and let you know. They can't give you an exact amount, but they will enter a number, say $50,000 and run it and then can tell you it is at least that number.
Also, when you book travel with Amex, they know where you will be and if your history with them is good, your limit will be modified. For example, if you have booked a trip to London and Amex booked the hotels, you'll have more spending power while in London. If you are at all worried about it, let Amex know your plans.
Interesting point about the increased spending power for a trip! Did you experience that yourself? How did you identify that?
I use the platinum card for non travel purchases with offers, boosts up that 1x little.
Me too!
Rule 1 I downgraded my cards after 1 year but don’t care about the points since I never made enough purchases to get the points. But also if they want to close my accounts is fine too just means the other card company’s get my money.
I also have a spending limit on my charge card the stupid thing that makes me want to cancel it is that if you do they won’t raise limit on regular credit card
Yep...$325 Gold/Rose Gold/White Gold
This video is confirming me I’m doing the right things. Thanks for this content!👍🏼
A lot of RUclipsrs when they recommend one of their older videos will provide a link to it somewhere in the video or the description. I wouldn't mind watching your Intro to travel partners video, that you recommended, but I gave up scrolling through your videos to find it.
Thanks for catching that! Here's the link to the video about transfer partners: ruclips.net/video/ae1WayyrwnE/видео.html
I also added it to the description 👍
Done for now with amex. Currently in pop up jail now. I am into chase now since i am 2/5. I just applied business ink cash, next will be hyatt then Marriott 😁
Respect Amex, don’t try to game Amex and you will have a long lasting possibly forever relationship! 🙂✊💳
Wow. No wonder mine is in the file cabinet. I am going to review that package again. Now the amex high yield savings account is great and pays much better than others.
I always ignore the benefit offers. I will start checking them. Thanks.
I have the Amex Delta Platinum ($285 Annual Fee, 2X on grocery store purchases and restaurants and 3x on hotels and Delta travel purchases, in addition to a free RT ticket anywhere in Continental US as a Companion Fare and $100 reimbursement for Trusted Traveler card). I use the Amex card ONLY for these items. This is not excess spending, it is on what I would buy anyway, so there is no increase in cost to me. I use the Companion Fate to bring my grandchild from Tucson to Pittsburgh once a year (figure $500 airfare) which alone is a savings over and above the Annual Fee. The Trusted Traveler card is a 100% of cost reimbursement. Every 3rd year with this my wife and I fly to Europe free on Delta using the accumulated points. Fo0r all other spend I have a BP Oil card which gives me 3% cash back on total spend plus 15 cents a gallon discount on gasoline.
Great that you found a card setup that works well for you!
Be careful of AMEX offerers. Some are great. Some like Peats coffee are really bad. The Peats site charges like 30% more than my local grocery store and sometimes even 2 for 1 deals. Always comparison shop!
Their cards aren't a good deal if you can't basically do any of those things you mention, which are the ones that make having such cards profitable (to us).
I’ll take my Chase Sapphire Reserve card over any AMEX.
But if you get 125,000 points for the SUB for Amex platinum, then you have to pay the annual fee of $695 upon first getting card, and then pay AGAIN at the 1 year mark, you've undone your SUB, No?
Nope. When the AF posts again in Year 2, you can then cancel or downgrade within 30 days of it posting and get a full refund.
Hi Mark,
Have a question regarding the 1st mistake you talk about in the video.
I have 2 personal Platinum cards and they are 1 year apart. The 2nd one is tied to Charles Schwab. Given that Charles Schwab has a better benefits, I would like to consolidate the cards.
The first one just hit the anniversary date on 08/28 and I know it will be charged membership fee on 09/20. Should I cancel the card before or after membership charge hits my account?
Thanks for your input.
Harry Wen
As long as 1 full year has passed, you can cancel or downgrade whenever you like. I personally like to wait until the AF posts to my account. When it does, as long as I cancel or downgrade within 30 days from the fee posting, then I get a full refund.
Reason Number 1000. Accidentally tried to make a pay it now payment from the wrong bank account which happened to be closed on my platinum card. It was like $43. They turned off my card.
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I use Maxrewards but it is not as effective as it used to be.
Im about to give it a try, Iam bad with remembering which card to use for points and rewards. I have to many cards I want to get rid of some however ppl say not to
@@howieb2090 - Enjoy it! If I had cards that I didn't want anymore, and if they were charging me annual fees without an option to convert them into a no-annual-fee card, I'd cancel them.
I'd keep my oldest account open long term if it had no annual fee.
No need to keep all cards open forever.
Truly wealthy and money-wise people don't use AMEX, they get a high-limit Visa or MC from their favorite local bank and pay balance off, with no interest and almost no fees. Most premium Visa/MC offer same points programs, rental car coverage, concierge, etc.
Thanks for sharing your opinion.
Fun fact, Puerto Ricans stores don’t accept Amex.
That’s not fun
@@jeffdo9195 Amex charge to much and people here abuse the policy of return stealing products. Only big store accept it.
Well, as someone living on the island, that’s just not true. It’s usually the big 4 (Visa, MC, Discover and Amex) or 3 (Visa/Mc/Discover or Visa/Mc/Amex).
@@lrzo7734 Guessing you use it on big store, hotels and stuff. But try to use it on small business and will be rejected very quick. I own a small business and I don’t accept Amex. Too expensive.
Man is funny that I saw you at the Apple Store here in Miami took me quite a minute to realize it was you. Been your subscriber for a long time, wanted to say hi but I missed the opportunity when I realized it was you 🤣
Awesome! I appreciate you subscribing to the channel / hello from Miami! 🌴
I did get a 2nd spending bonus offer but where do I go so see what I spent towards this offer ?
I'm not aware of a tracker. You can either view your transaction breakdown & add up the transactions on your Amex account or ask an agent.
Now that I have to go take Tylenol to get rid of the headache I just got from watching this video in my opinion who needs hassle like this just skip AMEX
Amen!
The sweet spot on points redemption for cash is the business checking account. Then points can be redeemed for $100 per 10,000 points.
Yep, great option, but that also requires having the Business Platinum Card. Otherwise, on the personal side, the Schwab Platinum Card is good for $110 per 10,000 points.
That's a good point. I also forgot, I did get issued a 1099-MISC from Amex for all points I cashed out to the business checking account. So that does effectively reduce the value by my marginal tax bracket.
@@porcupine73 - Were those points earned from spending on the card?
There was some points from spend, but the majority was from the sign up bonuses. I got I think 190k for the business Platinum and 150k for the Gold. I'm guessing they issue the 1099-MISC if it's points redeemed to a business account.
@porcupine73 that sucks. points are rebates. not taxable. i was always curious about cashing out option with 1099
Can you get bonus points and spend them all instantly and cancel. What's Amex going to do, ask you to pay back the points? What's so special about Amex anyways. Just move on to the next card that give you bonus points. It's all about value for money not about being loyal to a card.
Yes you can, but then Amex will take action against you. Here's what they say...
"If you have a history of cancelling or downgrading American Express Card accounts within your first year and you cancel or downgrade your new Card account within your first year, we may not credit, we may freeze, or we may take away Membership Rewards points from your account. If we determine that you have engaged in abuse, misuse, or gaming in connection with this offer in any way or that you intend to do so, including if you return purchases you made to meet the Threshold Amount, we may not credit, we may freeze, or we may take away the Membership Rewards points from your account. We may also cancel any accounts you have with us."
It makes 0 sense to put 1 bonus at risk to then have ALL Amex accounts potentially shut down, and even get blacklisted (i.e., banned from future cards).
@@MarkReese Thanks for the reply. I don't live in a country where Amex is widely accepted that it's a must have. It's something I use while I travel only.
I just don't understand what the big deal is if Amex blacklist me and close my account. It's not like other credit cards don't offer the same perks.
@@meritocraticmafia9824 - Not having access to Amex means missing out on hundreds of thousands (or millions) of points.
Thank you for the information
You're welcome!
I been member since 2019
I checked spending power 2 times to play with lol. Not doing it again 😂.
I started with blue, gold, platinum, and got saving account through them.
Good tips. I clicked 2 or 3 times on spending power by accident looking around. They upped it on me i think automatically so idk.
so AMEX bonus is once per life time? thats a bummer
Yes, but 'lifetime' may be around 4-5 years. It's basically as long as their system maintains the records of your previous cards. If you haven't had Card XYZ for 4-5 years, it can be worthwhile to ask a rep to tell you which cards you've had with Amex. If they don't mention Card XYZ, then there's a chance the 'lifetime' has passed.
More info here: frequentmiler.com/bending-amexs-lifetime-rule/#:~:text=Options%20for%20Bending%20the%20Lifetime,to%20as%20“NLL”).
AMEX is the credit card not accepted everytime I pull it out. I hate that
Just curious, what sort of stores did this happen to you? And is it in the US?
It’s pretty common, especially at small businesses. Amex charges pretty high swipe fees to the merchant, for a small business that can easily kill their margins. (So it’s not at all unusual for Amex to not be accepted)
@@MikeBeanThis is a debunked myth now - Visa Infinite cards have higher interchange fees than AMEX
Fee’s for foreign merchants can be as high as 30%!!!
So I used to have Platinum 5 years ago and just got the offer invitation to the 175k miles, I did the soft inquiry and didn't get the negative pop-up jail message and came back with a positive message saying I qualify for the 175k offer but I'm concerned due to the 1 time only offer.
Based on your experience you think they will honor the offer?
If there's no pop-up warning against ineligibility, then yes, you should get the offer. The 'Lifetime Rule' isn't actually a 'lifetime.' Rather, it's only in effect for as long as Amex's systems look back, which seems to be ~ 4 to 5 years.
@@MarkReese Thanks Mark, appreciate the info. Question: If I recall,, Platinum used to have guests for free at centurion lounges right?
@@seanl2863 - Yes, it used to. Now guests are $50 each for adults and $30 for children ages 2-17.
@@MarkReese yeah I saw that.. if you travel on your own it's great but if you travel with family isn't good. You end paying less if eating at a restaurant here in Vegas before traveling
@@MarkReese Hi Mark, I need your expertise & opinion..
I've bot offers for Amex Gold & platinum,which one should I get today??
Platinum 175k miles, 8k 6 mo. $695
Gold 100k miles, 6k 6mo. $325
Or can I get both applying right away.
Thanks for your help
As a Merchant I don't accept Amex due to their terms and conditions.
Which T&C were the biggest red flags for you?
I don’t shop at places that don’t accept Amex 🤣
🎉🥳
@@brianthompson9485typical consumerist attitude. Don’t need your biz anyway, then.
@@manojtopiwala7454enough consumers act like me and every business that doesn’t accept Amex will go out of business 😂
I’ve had it for 3 months… not impressed
Two errors: Your list of redemption of points 1.0 and over omits the Schwab Platinum; and Amex does have a 1.5x personal card, the cash magnet.
Thanks for the additions / corrections!
- well technically the cash magnet is only 1.5% cashback. there is NO personal 1.5x MR earning amex card. the closet to do that is the BBP @ 2x or the Biz platinum, but its only on specific categories or on $5k+ purchases.
The cash magnet gives you 1.5% on everything.
Yep I forgot to mention that one. I was focused on cards that earn Membership Rewards points.
F AE ! Do leave home without it ! Fees bs and outsourcing bs plus card never works properly stay away from! Membership fees ridiculous. I Canceled all my AE cards ! Went to chase at least I no my true credit limit ! The black list for years ! Chase at least I got a 40k true limit .
Glad to hear Chase gave you a $40K limit!
@jfreedom4290 I’m going to correlate the fact that you don’t understand sentence structure with your lack of understanding how to use an AMEX card.
@@lukejohnson1274 I sure do had them for 30 years ! Now everything about that F up credit card ! AE can f their cards ! Chase , capital one citi, navy federal beat them hands down ! AE jail f them ! Card never works right , fees bs ! Get stuck with denied charges . When you pay perfect and have a 805 credit score ! Income over 150k don’t tell me I don’t no how they work when I had business and personal cc with these a$$ holes ! 30 years ! Sentence structure wtf it is what it is ! You getting kick back with AE OR PEDDLE THEM ? You got $$ interest read the consumer complaints on internet about how they treat their customers! They succcc! And you can love them ! Everyone has their opinion! Take the sentence structure and shove it ! Ok
@@lukejohnson1274 had them 30 years ! I no everything about AE ! They are a ruthless company! You must get big money pawning them ! Everyone has a opinion look at their consumer complaints ! Sentence structure? What a joke … shove AE where the sun don’t shine !
@@lukejohnson1274I understand the entire sentence structure and the entire AE company had them for 30 years ! Done and done
How did u and ben hedges make the same video hours apart from each other.
Its like ya planned this out
Crazy timing 😂
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Amex is complete trash.
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You thumbnail was effing annoying. Ok bye
Thanks for the feedback.
*You need to "tighten" up your videos to be under 10 minutes*
No. In such matters, detailed reporting is important.
@@EinReiseTagebuchEXACTLY!❤