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150k Amex Platinum Offer
American Express is offering a 150k bonus offer on its American Express Platinum card. Still has a $695 annual fee, but this is the highest I've seen.
https://www.americanexp
https://www.americanexp
Created 04-11-2022
at 11:50 AM
by Tennistucan
in
Credit Cards
(4)
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273 Comments
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I don't think that's the case- but if you have evidence otherwise I'd love to see it.
The 2 payment limit is from the IRS- not per processor.
https://www.irs.gov/payments/freq...ax-payment
Current Tax Due
2 per year
Not per processor. Per year.
https://www.irs.gov/payments/freq...ax-payment [irs.gov]
Not per processor. Per year.
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chrome or edge incognito: 125k often, 150k after a few tries (I let the first 150 page expire)
I kept vpn hopping, luckily my employer has many region exit points.
Huh... very interesting- even that page agrees the IRS wording says it shouldn't work but apparently does work in their experience....
Too late now for this year (I'd never get new signup cards in time) but might give that a shot next year and knock out 6 big signups instead of 2... thanks for the info, +rep!
To get that max point value, it's usually like a first class roundtrip flight to Asia or Europe or something like that which retails for $3k but you can use 1.5k points on it.
So while yes the retail price of the ticket that you used the points on may have been $3k, I'd still rather take $1,650 or even $1,500 cash than fly first class.
Anyone please correct me if I'm wrong tho.
Usually when I look at redeeming the points for economy travel, it doesn't really give me any incredible savings
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To get that max point value, it's usually like a first class roundtrip flight to Asia or Europe or something like that which retails for $3k but you can use 1.5k points on it.
So while yes the retail price of the ticket that you used the points on may have been $3k, I'd still rather take $1,650 or even $1,500 cash than fly first class.
Anyone please correct me if I'm wrong tho.
Usually when I look at redeeming the points for economy travel, it doesn't really give me any incredible savings
are you looking at the card issuers travel portal- where you generally get 1 cent a point (maybe 1.25-1.5 for chase with certain cards).... or are you looking at point transfers to airlines where you can get better value than that even for many coach flights? (and also for Hyatt hotels specifically with Chase-- Hotels usually suck for this otherwise)
No so much dismissive as the IRS literally says you can't do this, so I was surprised folks were saying you could-- I certainly wanted that to be the case, and asked for someone to provide some evidence or examples.
Now that they have I intend to try it myself next year.