It's absolutely crazy how unintuitive and difficult all of these individual benefits are. It's damn near a part time job to figure out how to optimize so that you can edge out a 200-400 dollar net gain on the year vs the 695 yearly fee. Absolutely wild that something percieved to be this nice would be such a coupon grind lol.
@@sjwadvocateit’s not worth it, in reality Amex make money from this card, a lot of money, an APR OF 704% is unheard of anywhere in the world, it’s so dangerous that anyone who doesn’t make 5 figures shouldn’t even get this as that could ruin you’re life if things go wrong.
Either take as many of the perks as humanly possible, or just go for the Gold which has better multiples for everyday purchases as well as a much lower $250 annual fee. Who cares about the clout?
100% my biggest problem with the Platinum. It always amazes me that something considered "premium" and for rich people has such a time cost to figure out all the value. Rich people don't want to spend hours figure out the coupon book. Venture X and Chase SR are not like this. The Platinum is basically the lounge access if I'm being honest. Everything else is a bonus.
Such an important list! Glad to say my Amex Plat is probably my most valuable card by a wide margin (and that's with only getting a 75k bonus years back). With credits making up more than the annual fee already, all the other perks like status and protections are just icing on the cake.
lol let us know if you apply again once you're at the 7 or 10 year mark hahaha I think in 2025 or 2026 I'm gonna try anf give it another go for the SUB
I used the cellphone protection for my daughter's iPhone. If you have a family it covers everyone on your cellphone bill, so it's well worth it and you don't need to buy AppleCare or other insurance and covers all phones on your bill. 👍
Clear can give You Access to Entry into some Sporting Events bypassing long lines, also it holds your Covid information for Countries that still ask for it and it can also be used and some Concert events just a FYI
As a Platinum Marriott Member who earned through Marriott and Starwoods stays, I feel Gold is enough, giving both Marriott Platinum and Hilton Diamond to cardholders may need a card with a $850+ minimum annual fee and still require a couple nights stayed or it would be the same problem as many airlines who have packed lounges and less quality/quiet.
Thank you for such an integrated informational video. So helpful. Just wanted to say that the equinox is super useful for me even though I haven’t got the card yet. 😅
If the annual fee is a concern, then you don't need an Amex Platinum. People who would miss $700 bucks a year should be applying for lower-level cards that will better suit their lifestyle. It's 60 bucks a month. That's a cheap internet connection these days.
Reserves and national guard also rates it it’s something recruiter don’t talk about at the same time it’s not wise to let a new boot have access to a high limit credit card
The airline credit won't work for most WiFi purchases since the WiFi provider is a 3rd party servicer (go-go, T-Mobile, etc) You're paying money to that company, NOT the airline.
ohmy ,you speak really fast, English is not my native language ,but i take listening to you as training to help me improve my English :P Ill soon have my first AMEX card, and its a Platinum, so ill have plenty to read up on ! So long!
the only thing I’ll say about the return protection is the Chase Sapphire Reserve is at $500 coverage vs the Amex Platinum at $300. Not too many cards offer it these days but it’s an important distinction none the less.
Yup good call out, I haven't gone through the process with Chase but I know it's with whoever Visa contracts out to vs. Amex is the Amex Assurance Company.
Didn't mention the upgraded rental car protection. If you use platinum for car rental it charges a flat $19.99 for upgraded protection. Unlike most cards it doesn't just supplement your coverage from your auto insurer, it replaces it. So, no deductible, and it covers the loss-damage waiver, which most cards don't. I was driving a rental on an interstate and was struck by an object that flew off a truck. Called AMEX and was given a case number. When I returned the car they wanted my insurance information. I just gave them the information AMEX gave me (the representative at AMEX told me to NOT give the rental agency any other information) and avoided paying the deductible and LDW. Easily saved me that year's Platinum fee.
For $695 a year it should have better multiples for everyday purchases like fuel and groceries like the Gold card in addition to the elevated flight and hotel benefits.
Question. Do you still get the $100 hotel experience credit if you book through Hotel Collection or FHR using Amex points? Or do you have to pay using the Platinum card to get this credit? Thank you so much 👍🏽
Great tips John! I keep getting an invite to apply from Amex. I have the Hilton Aspire and thinking about getting the platinum, so this video was encouraging. I’m just confused if Priority Pass will let me take my spouse in the lounge with me along with the other lounges?
12:15 Just wondering, would I get phone insurance just by purchasing and paying in full for the phone with the card or does it need to be monthly payments with my service provider? Hopefully that makes sense.
Hey yall my longest credit line was only 2 years and 1/2 and i had a score of 731 and just got approved yesterday for platinum! I will say i did open a savings account with $10 a year prior with amex i didn't add any more money just let it sit
Amex Platinum (and Amex in general) has a reputation of luxury products for wealthy individuals. But make no mistake: it's not hard to get any Amex card as long as you don't have subprime credit. You don't need an insanely high salary or credit score. Just a "good enough" FICO. It's much harder to get CSR than amex plat, despite the plat being more expensive and having more perks
It's a great feeling to see that screen that says you're approved. I've been working on my credit after acting like a fool for years. Great to open and activated and it's a start to a new credit journey. Like you I opened up a checking account with that special that had $250 to set up a direct deposit. I'll let that go until the 250 bonus posts, and that'll offset the annual fee
@@JazzyMarineVetit’s not worth it, in reality Amex make money from this card, a lot of money, an APR OF 704% is unheard of anywhere in the world, it’s so dangerous that anyone who doesn’t make 5 figures shouldn’t even get this as that could ruin you’re life if things go wrong.
I just got the gold card last month now I got a letter that I’m approved for the platinum which I did checked but withdrew my application 6kspend 125k points can’t do both rn probably going to do it after I reach my 4K on gold to get my 90k points
What do you do if you got this card and realize its not as beneficial for you personally as you thought it would be ...would you close it out ? Keep it ? What can i do about this annual fee??
Make sure you don’t downgrade or cancel before the 12 month mark. Amex will clawback the bonus if you cancel before the 12 months mark. If you cancel within 30 days after the annual fee posts they will refund it back to you! I hope this makes sense!
Is it me or this video is the opposite vs yesterday?….john did you get a call and a $$ offer from Amex??? This vid felt more like all the other cc influencers, not the real deal in the game.
Hey y’all, my only credit card is the Cabela’s CLUB card. I’ve been wanting a better CC though, once I pay off the remaining $1000 or so on the Cabela’s, what card should I get?
Hi John! Did you use your Saks credit before end of 2023? I just tried to use it but they said that this perk is not always available to everyone? It's a "rotating perk" that you need to find from time to time. The heck! I'm so confused-wondering if you've experienced this?
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.
@@alanjoseph8275 that’s not true i just used the priority pass in different countries while on vacation last month it allows u 1 guest and 2 kids for free
Question if I get the Platinum i can only get 5x points per dollar if I use Cash correct so if I just use the card just to fly with points do I get 5x in points and if not is it still worth it
Do you have to apply on tsa or you can go there and show your card and they will help you on application? Because before i know this i did an application and its been 3 months
You have to apply just like any other person and go through the process. Once you pay the fee you will then get the credit on your bill afterwards. Nothing special or faster processing of the application.
ok i see because i apply online and it says 6 months for the global. I thought i was reading here that once they are at the airport international they can then go to tsa and the interview will just happen right there right away then waiting 6 months if you apply online. @@manutd9899
I used my united card to refund my global entry fee and after getting conditional approval, there are no interviews at Dulles, and I am not driving anywhere far. So I will go to Qatar and get an appointment there as an excuse to visit.
SaverOne is a very different card, given that it's a cash back card not a points card. The usual tradeoffs between cashback and points apply, generally cash back gives more reliable awards if you don't want to think about how you use points, but points can deliver more value if you use them right. Amex Gold is just a slightly lower-end version of the Platinum card. It has basically the same benefits, but fewer of them, and a lower annual fee. So which one you pick just depends on if you'll use enough of the Platinum benefits to get your annual fee back.
Don't forget that with Walmart+ $12.95 membership (that Platinum gets credited) will also give Paramount+ streaming for free as well.@@johnsfinancetips
Just to let you know about priority pass: you don't actually need to have the priority pass card altogether. You only need your amex platinum to enter the lounges
Best you can do is destroy the card. Credit cards are about the most expensive ways to borrow money. If you really need a loan go talk to your bank manager.
The Platinum AmEx is a charge card where the balance is paid off every month, but yeah; the benefits are pointless on any card unless you pay the full balance every month.
Didn't mention the upgraded rental car protection. If you use platinum for car rental it charges a flat $19.99 for upgraded protection. Unlike most cards it doesn't just supplement your coverage from your auto insurer, it replaces it. So, no deductible, and it covers the loss-damage waiver, which most cards don't. I was driving a rental on an interstate and was struck by an object that flew off a truck. Called AMEX and was given a case number. When I returned the car they wanted my insurance information. I just gave them the information AMEX gave me (the representative at AMEX told me to NOT give the rental agency any other information) and avoided paying the deductible and LDW. Easily saved me that year's Platinum fee.
![[Full Guide] How to Climb the American Express Ladder in 2024](http://i.ytimg.com/vi/g5PdY-Kcduw/mqdefault.jpg)
Just got my platinum in the mail the other day. Never called to ask, but they overnighted the card for me!
It's absolutely crazy how unintuitive and difficult all of these individual benefits are. It's damn near a part time job to figure out how to optimize so that you can edge out a 200-400 dollar net gain on the year vs the 695 yearly fee. Absolutely wild that something percieved to be this nice would be such a coupon grind lol.
Amex is gambling that you will complain, not pursue the perks, and send them your annual fee paid in full each year. Don't be that guy.
I just got this card for the clout and a few of the heavy hitter perks. Too much work to keep up with all perks imo
@@sjwadvocateit’s not worth it, in reality Amex make money from this card, a lot of money, an APR OF 704% is unheard of anywhere in the world, it’s so dangerous that anyone who doesn’t make 5 figures shouldn’t even get this as that could ruin you’re life if things go wrong.
Either take as many of the perks as humanly possible, or just go for the Gold which has better multiples for everyday purchases as well as a much lower $250 annual fee. Who cares about the clout?
100% my biggest problem with the Platinum. It always amazes me that something considered "premium" and for rich people has such a time cost to figure out all the value. Rich people don't want to spend hours figure out the coupon book. Venture X and Chase SR are not like this. The Platinum is basically the lounge access if I'm being honest. Everything else is a bonus.
John! One of your best videos to date. Clear and precise! Thanks for the education
Thank you so much! I really appreciate the support!
You can pair tsa pre check and clear. Having clear while having pre check will allow you to skip the pre check line
Such an important list! Glad to say my Amex Plat is probably my most valuable card by a wide margin (and that's with only getting a 75k bonus years back). With credits making up more than the annual fee already, all the other perks like status and protections are just icing on the cake.
lol let us know if you apply again once you're at the 7 or 10 year mark hahaha I think in 2025 or 2026 I'm gonna try anf give it another go for the SUB
@@johnsfinancetips Yeah definitely looking forward to that! Already blocked out of the Amex Gold bonus, gotta get my Amex somewhere
Just curious how many miles is it for airline tickets. I got an offer 120k. Miles. It’s temping but I’m also new to all this cc
@@3dB123 usually 100,000 points is equal to $1000 so 120,000 points is about $1,200 in flight or hotel credits
I used the cellphone protection for my daughter's iPhone. If you have a family it covers everyone on your cellphone bill, so it's well worth it and you don't need to buy AppleCare or other insurance and covers all phones on your bill. 👍
Clear can give You Access to Entry into some Sporting Events bypassing long lines, also it holds your Covid information for Countries that still ask for it and it can also be used and some Concert events just a FYI
The Platinum card should upgrade hilton and Marriott status to Platinum
Untrue
Hilton doesn't have a member's level called that...
Marriott website literally says it has a “Platinum Elite” tier.
But as he says, it only gets you Gold status
@@Optimus-Prime-Ribwhat does that actually mean?
As a Platinum Marriott Member who earned through Marriott and Starwoods stays, I feel Gold is enough, giving both Marriott Platinum and Hilton Diamond to cardholders may need a card with a $850+ minimum annual fee and still require a couple nights stayed or it would be the same problem as many airlines who have packed lounges and less quality/quiet.
Thank you for such an integrated informational video. So helpful. Just wanted to say that the equinox is super useful for me even though I haven’t got the card yet. 😅
7:04 My dad was a early adopter of clear, and I used it when traveling with him, It’s an awesome system and to hear theres credits for it is a plus
Active duty military gets the yearly fee waived :)
Yessir I’m joining the service in a few months from this comment and can’t wait til I can apply for this card 👌😎
$700 a year ?
Nice! And all you had to do was sell your soul to Isr**l. What a deal!
If the annual fee is a concern, then you don't need an Amex Platinum. People who would miss $700 bucks a year should be applying for lower-level cards that will better suit their lifestyle. It's 60 bucks a month. That's a cheap internet connection these days.
Reserves and national guard also rates it it’s something recruiter don’t talk about at the same time it’s not wise to let a new boot have access to a high limit credit card
I think the Amex Green card is valuable as well. Not a lot of people talk about it but I think its a hidden gem.
How so
They have stopped making the green one
It’s rose gold now
The airline credit won't work for most WiFi purchases since the WiFi provider is a 3rd party servicer (go-go, T-Mobile, etc) You're paying money to that company, NOT the airline.
ohmy ,you speak really fast, English is not my native language ,but i take listening to you as training to help me improve my English :P
Ill soon have my first AMEX card, and its a Platinum, so ill have plenty to read up on ! So long!
the only thing I’ll say about the return protection is the Chase Sapphire Reserve is at $500 coverage vs the Amex Platinum at $300. Not too many cards offer it these days but it’s an important distinction none the less.
Is the Chase Sapphire a good card?
Yup good call out, I haven't gone through the process with Chase but I know it's with whoever Visa contracts out to vs. Amex is the Amex Assurance Company.
Amex plat is $695
@@newagain9964what is that mean ?
Great Video Brother❤
Plz create a video about credit cards and offers in Canada
Didn't mention the upgraded rental car protection. If you use platinum for car rental it charges a flat $19.99 for upgraded protection. Unlike most cards it doesn't just supplement your coverage from your auto insurer, it replaces it. So, no deductible, and it covers the loss-damage waiver, which most cards don't. I was driving a rental on an interstate and was struck by an object that flew off a truck. Called AMEX and was given a case number. When I returned the car they wanted my insurance information. I just gave them the information AMEX gave me (the representative at AMEX told me to NOT give the rental agency any other information) and avoided paying the deductible and LDW. Easily saved me that year's Platinum fee.
This is honestly crazy, the UK version of this card is good but the sign up bonus in the us alone is actually insane
Thanks John for providing this information! I just got my card & I will be taking full advantage of all the perks 😀
4:57 One data point, one of the reddit user had success swapping the selected airlines even after using $50 credits just by chatting with the Amex CS…
It works with JetBlue also if u book $99 or under
Don’t forget president circle with hertz 😊
Global Entry now has an app, I was through immigration in Miami in less then 10mins
Thats cool, is the global entry will cover couple or just the main owner not the authorize users?
Are you thinking about the MPC app?
Love it, there is stuff that I didn’t recall seen , wonder if by 2025 they will add more benefits, I would love an update on those , thank you
For $695 a year it should have better multiples for everyday purchases like fuel and groceries like the Gold card in addition to the elevated flight and hotel benefits.
Delta reserve, hilton aspire and amex platinum gets automatic overnight delivery.
Question. Do you still get the $100 hotel experience credit if you book through Hotel Collection or FHR using Amex points? Or do you have to pay using the Platinum card to get this credit? Thank you so much 👍🏽
The priority pass app is very good.
Great tips John! I keep getting an invite to apply from Amex. I have the Hilton Aspire and thinking about getting the platinum, so this video was encouraging.
I’m just confused if Priority Pass will let me take my spouse in the lounge with me along with the other lounges?
Priority pass through amex platinum allows up to 2 free guests (but note that individual lounges may restrict that) and then $35 per guest thereafter.
@@michaelpham6894Thank you!😊💯
Amex provides priority pass SELECT. huge diff.
The hotel status works if you do it with a Hilton Hotel since they are connected
They also raise the level of the Marriott properties as well.
12:15 Just wondering, would I get phone insurance just by purchasing and paying in full for the phone with the card or does it need to be monthly payments with my service provider? Hopefully that makes sense.
Hey yall my longest credit line was only 2 years and 1/2 and i had a score of 731 and just got approved yesterday for platinum! I will say i did open a savings account with $10 a year prior with amex i didn't add any more money just let it sit
Amex Platinum (and Amex in general) has a reputation of luxury products for wealthy individuals.
But make no mistake: it's not hard to get any Amex card as long as you don't have subprime credit. You don't need an insanely high salary or credit score. Just a "good enough" FICO.
It's much harder to get CSR than amex plat, despite the plat being more expensive and having more perks
It's a great feeling to see that screen that says you're approved. I've been working on my credit after acting like a fool for years. Great to open and activated and it's a start to a new credit journey. Like you I opened up a checking account with that special that had $250 to set up a direct deposit. I'll let that go until the 250 bonus posts, and that'll offset the annual fee
They approve user with fair to excellent so no surprise there
@@JazzyMarineVetit’s not worth it, in reality Amex make money from this card, a lot of money, an APR OF 704% is unheard of anywhere in the world, it’s so dangerous that anyone who doesn’t make 5 figures shouldn’t even get this as that could ruin you’re life if things go wrong.
@@michaelpham6894 I had CSR for 6 months and just got approved for Platinum!
I have Priority Pass through my Chase Sapphire Reserve. Does it make sense to activate it through my Amex Platinum too?
Hi John do you have a video dedicated to transfer partner sites !
Can I use the cell phone protection plan if I pay for multiple lines (6 total) on one bill with Verizon?
How much minimum payment a month? Or you pay all your bill
Thanks alot😊❤
I just got the gold card last month now I got a letter that I’m approved for the platinum which I did checked but withdrew my application 6kspend 125k points can’t do both rn probably going to do it after I reach my 4K on gold to get my 90k points
Cant wait to use mine! Just arrived in the mail
What do you do if you got this card and realize its not as beneficial for you personally as you thought it would be ...would you close it out ? Keep it ? What can i do about this annual fee??
Make sure you don’t downgrade or cancel before the 12 month mark. Amex will clawback the bonus if you cancel before the 12 months mark. If you cancel within 30 days after the annual fee posts they will refund it back to you! I hope this makes sense!
I am not sure what you mean by linking travel partner accounts. I understand creating Freq Flyer accounts but not linking in advance.
The flight to Japan. Is that 1 or 2 tickets for 70k points?
does anyone have a link to the benefits tab he is talking about at number 2?
I’m also looking for it 🥹
Does global entry take your fingerprints or is it just face?
Iirc, fingerprints at the interview.
Is it me or this video is the opposite vs yesterday?….john did you get a call and a $$ offer from Amex??? This vid felt more like all the other cc influencers, not the real deal in the game.
Small point, when you fly back to the US from Canada you enter the US at the Canadian airport. Would interviews still be available there?
Possibly. My mom is doing here entry interview at Dubai in UAE.
Hey y’all, my only credit card is the Cabela’s CLUB card. I’ve been wanting a better CC though, once I pay off the remaining $1000 or so on the Cabela’s, what card should I get?
How can I see a link for all the transfer partners
google it
also in the amex website once you log in
Hi John! Did you use your Saks credit before end of 2023? I just tried to use it but they said that this perk is not always available to everyone? It's a "rotating perk" that you need to find from time to time. The heck! I'm so confused-wondering if you've experienced this?
It’s not a rotating perk. You can use Jan -June and July - Dec. Did you enroll for Saks credit?
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.
WiFi is NOT included in the airline incidental fee promotion
Are seat upgrades?
John, Does this apply to AE Platinum Delta?
No
Question if i have the platinum card and my wife doesn’t have one are we allowed access to the airport lounge with my kids?
Either you can have her as an authorized user for $195 a year and get in free, or pay $50 a guest to come in with you.
@@alanjoseph8275 that’s not true i just used the priority pass in different countries while on vacation last month it allows u 1 guest and 2 kids for free
Question if I get the Platinum i can only get 5x points per dollar if I use Cash correct so if I just use the card just to fly with points do I get 5x in points and if not is it still worth it
My priority pass app gave me immediate access to
also concierge service with Resy!
what if you have hulu with disney +
Covered
And Walmart+ comes with paramount+
Walmart. On a platinum card. Ugh.
Do you have to apply on tsa or you can go there and show your card and they will help you on application? Because before i know this i did an application and its been 3 months
You have to apply just like any other person and go through the process. Once you pay the fee you will then get the credit on your bill afterwards. Nothing special or faster processing of the application.
ok i see because i apply online and it says 6 months for the global. I thought i was reading here that once they are at the airport international they can then go to tsa and the interview will just happen right there right away then waiting 6 months if you apply online.
@@manutd9899
What about dell?
Does the United Travel Bank still qualify for the airline credit?
Yes, it does.
Yes, can confirm.
I used my united card to refund my global entry fee and after getting conditional approval, there are no interviews at Dulles, and I am not driving anywhere far. So I will go to Qatar and get an appointment there as an excuse to visit.
Ofcourse many of these benefits are specific to US Amex. Can I ask you to create one for the UK as benefits are different? That'll be super useful.
Best benefit WAS roadside assistance. Another 1 lost
is amex Platinum card better than SavorOne capital one and amex express gold?
SaverOne is a very different card, given that it's a cash back card not a points card. The usual tradeoffs between cashback and points apply, generally cash back gives more reliable awards if you don't want to think about how you use points, but points can deliver more value if you use them right. Amex Gold is just a slightly lower-end version of the Platinum card. It has basically the same benefits, but fewer of them, and a lower annual fee. So which one you pick just depends on if you'll use enough of the Platinum benefits to get your annual fee back.
They overnighted my primary card without me asking, but my AU card was sent regular mail
@johnsfinancetips Very helpful info. I have several airline and hotel credit cards. Should I cancel them and just use the Platinum Amex card?
Explain the disney + thing again pls
thnaks
First view and like lets go
Let's go!!!
What about Walmart+
Yup that's a solid one!
Don't forget that with Walmart+ $12.95 membership (that Platinum gets credited) will also give Paramount+ streaming for free as well.@@johnsfinancetips
Perfect
Just to let you know about priority pass: you don't actually need to have the priority pass card altogether. You only need your amex platinum to enter the lounges
Is that only for platinum card holder? Can gold card go in too?
Theres also a priority pass app.
@@ladygadventures4144 Platinum only
@newagain9964 Yeah but it's easier to not deal with that in my opinion
What’s ironic about reading the list of all the benefits?
Anyone that takes out one of these cards has more money than sense. Over 700% interest. 🤯
Are you telling me to lie but not telling me to lie? 😉
😊😊😊
Best you can do is destroy the card. Credit cards are about the most expensive ways to borrow money. If you really need a loan go talk to your bank manager.
The Platinum AmEx is a charge card where the balance is paid off every month, but yeah; the benefits are pointless on any card unless you pay the full balance every month.
LOL !!! Thank u for making my day.
Someone didn’t get approved for Platinum 🥴
@@victuringan1429 Not me. I don't have any credit cards.
The Funny thing about this who have this card give very shity tips based on my experience
350th view
Let's go!!
The worst credit card ever in Italy majority of shops don't accept it guys honestly get a Visa or a Mastercard trust me they are the best.
DO NOT USE CLEAR.... even if its free
Why
Elaborate
He probably worries about Big Brother
Didn't mention the upgraded rental car protection. If you use platinum for car rental it charges a flat $19.99 for upgraded protection. Unlike most cards it doesn't just supplement your coverage from your auto insurer, it replaces it. So, no deductible, and it covers the loss-damage waiver, which most cards don't. I was driving a rental on an interstate and was struck by an object that flew off a truck. Called AMEX and was given a case number. When I returned the car they wanted my insurance information. I just gave them the information AMEX gave me (the representative at AMEX told me to NOT give the rental agency any other information) and avoided paying the deductible and LDW. Easily saved me that year's Platinum fee.