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Amex Platinum - Elevated Welcome Offer of 175,000 Points (instead of 80,000)
American Express currently has an offer for 175,000 Membership Rewards® Points (instead of the typical 80,000) on the Platinum card after you spend $8,000 in the first 6 months of membership.
A note on the website implies this is a limited-time offer: "This offer may not be available if you leave this web page and return later."
https://www.americanexp
Note: This offer may not be available for everyone.
A note on the website implies this is a limited-time offer: "This offer may not be available if you leave this web page and return later."
https://www.americanexp
Note: This offer may not be available for everyone.
Created 04-10-2025
at 08:54 AM
by TasteMyCookie
in
Credit Cards
(5)
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106 Comments
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150k in incognito
Our community has rated this post as helpful. If you agree, why not thank WolfTheCat
175,000 x $0.006 = $1,050
Less:
- $695 annual fee
- Apx $112 opportunity cost for spending $8000 on a card, getting 0.6%cb when you would have gotten about 2%cb.
That's $243, similar to most sign up bonuses.
Plus, the cash back is a statement credit, not cash, so you may have to spend a little more on the card to spend down the credit.
I'm waiting for a boosted sign up bonus on the AMEX Schwab Platinum card. It gives 1.1¢ cash back per point, deposited directly into your Schwab account.
175,000 x $0.006 = $1,050
Less:
- $695 annual fee
- Apx $112 opportunity cost for spending $8000 on a card, getting 0.6%cb when you would have gotten about 2%cb.
That's $243, similar to most sign up bonuses.
Plus, the cash back is a statement credit, not cash, so you may have to spend a little more on the card to spend down the credit.
I'm waiting for a boosted sign up bonus on the AMEX Schwab Platinum card. It gives 1.1¢ cash back per point, deposited directly into your Schwab account.
175,000 x $0.006 = $1,050
Less:
- $695 annual fee
- Apx $112 opportunity cost for spending $8000 on a card, getting 0.6%cb when you would have gotten about 2%cb.
That's $243, similar to most sign up bonuses.
Plus, the cash back is a statement credit, not cash, so you may have to spend a little more on the card to spend down the credit.
I'm waiting for a boosted sign up bonus on the AMEX Schwab Platinum card. It gives 1.1¢ cash back per point, deposited directly into your Schwab account.
Smart man but their points are useful for travel no?
If someone wants to analyze it for gift cards or travel, more power to them.
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Yes you can still do it but takes a lot more legwork then it used to and what once was 100k business class tickets are becoming more 150/200k business class tickets plus fuel surcharges etc.
I used to use it for a lot of domestic AA tickets via BA but that rug got pulled too. Even if I did availability of award seats is almost non existent.
If you dont check and accept without looking, then it will be whatever is presented to you and not 175k offer that you were expecting.
So check and double check before accepting
Yes, sometimes. Sometimes I get very different flights and prices on Amex travel than I do on directly with the airlines. Other times it's almost the same and I book with points. Overall with this bonus, assuming you fly a few times a year, this is a great deal
175,000 x $0.006 = $1,050
Less:
- $695 annual fee
- Apx $112 opportunity cost for spending $8000 on a card, getting 0.6%cb when you would have gotten about 2%cb.
That's $243, similar to most sign up bonuses.
Plus, the cash back is a statement credit, not cash, so you may have to spend a little more on the card to spend down the credit.
I'm waiting for a boosted sign up bonus on the AMEX Schwab Platinum card. It gives 1.1¢ cash back per point, deposited directly into your Schwab account.
Our community has rated this post as helpful. If you agree, why not thank ExtraMediums89
Just an example - if you already pay around $20 a month (or more) for Disney/Hulu/ESPN+, well you get $20 per month for that, so $240 per year. Walmart+ (which includes Paramount+) is free, $200 credit for a 2-night hotel stay at certain hotels, which you can find in the $200-300 per night range, so equal to or nearly a free night.
And did i mention transferring to airline points? Booking with Amex travel is generally not the way to go unless you are equivalent to price on the open market (because then you get the 5x points). But if you're trying to make it to Europe or somewhere in Asia, you really can get great benefit transferring points to airlines. One way Virgin LAX to London can be as low as 9,000 points ($90 !) + $80 in tax or round trip 18,000 points + $363.
CLEAR is free (~ $200 per year) .... Centurion Lounges, Priority Pass (works for lounges, but usually not eatery discounts in terminals), Delta Lounge if your ticket is above the cheapest level, $50 Saks 5th Avenue credit 2x per year, $200 airline credit (you choose USA-based airline every January and lock it in) for bags, seat upgrades, lounges etc. And tons of offers to save some money if shopping at certain retailers / hotels, etc. No to mention great customer support and various other perks....
Even if you don't travel THAT much, this is a great card to at least have for a year or two .... plenty of people get retention offers of 20k-50k points by calling in to cancel the card before a year is up....