AMEX platinum reserve suggestions

[eve]

I currently have Platinum reserve card, which I feel is pretty useless. I checked with AMEX for upgrade or downgrade options, but they say they only option available is Platinum charge which has a very high annual fees.

Any suggestions if I can downgrade or upgrade to any other card. CC says I can only close and get a new card , but since this card is less than a year old it will impact my credit history if I close and get new one.

 

[Deleted member 11974]

you would have to close and take any other card as that is the only possible thing
or you would have to take plat charge

 

[helloworld]

+ @xywowowvw answer, no it won't impact Credit history since its not completed in a year. There are other factors may affect but certainly not credit history under 1 year as a solo reason, unless you have only 1-2 years credit history.

 

[coolguy1]

Do NOT close your Amex card before applying for a new one.

If you surrender your current card, you'll not be able to apply for a new Amex card for a year.
This is a weird policy but was informed by the CC directly.

I'm in the same boat, I have a Platinum Reserve which I feel isn't the best value for the annual fee it charges.

You've two options, depending on your expenses,

1. If you've high expenses and stay in a city where Amex acceptance in not an issue,

Go with the Amex Platinum Travel card, first year free and much cheaper annual fees than compared to Platinum Reserve card.
You also get bonus MR points on joining and spending 4Lacs per year will get you ~40k in rewards.
(Rs.10,000 Taj Voucher and bonus MR points on milestones)

2. If your expenses are low with low Amex acceptance,

Go for the MRCC card which can be used to buy 1500x4 vouchers every month for the best reward rates.
And if there are any spend-based offers, it will come in handy for the big purchases.


Apply for either one of them and then close your Platinum Reserve to avoid getting blacklisted for one full year.
Also, Amex is offering a limited-edition set of cards if you apply before 16th October 6 PM so if you're interested, do it before that to enjoy the free deck! 🙂

 

[eve]

Do NOT close your Amex card before applying for a new one.

If you surrender your current card, you'll not be able to apply for a new Amex card for a year.
This is a weird policy but was informed by the CC directly.

I'm in the same boat, I have a Platinum Reserve which I feel isn't the best value for the annual fee it charges.

You've two options, depending on your expenses,

1. If you've high expenses and stay in a city where Amex acceptance in not an issue,

Go with the Amex Platinum Travel card, first year free and much cheaper annual fees than compared to Platinum Reserve card.
You also get bonus MR points on joining and spending 4Lacs per year will get you ~40k in rewards.
(Rs.10,000 Taj Voucher and bonus MR points on milestones)

2. If your expenses are low with low Amex acceptance,

Go for the MRCC card which can be used to buy 1500x4 vouchers every month for the best reward rates.
And if there are any spend-based offers, it will come in handy for the big purchases.


Apply for either one of them and then close your Platinum Reserve to avoid getting blacklisted for one full year.
Also, Amex is offering a limited-edition set of cards if you apply before 16th October 6 PM so if you're interested, do it before that to enjoy the free deck! 🙂

Thanks for suggestions, please can you elaborate on 1500X4 vouchers for best reward rates?

I already have below cards that covers all perks I need…
HDFC Infinia paid
ICICI Sapphire LTF
ICICI world MC
Axis Burgundy DC

So not sure if AMEX travel is worth it for me. But having one AMEX card is good, so maybe MRCC is better suited

 

[coolguy1]

Thanks for suggestions, please can you elaborate on 1500X4 vouchers for best reward rates?

I already have below cards that covers all perks I need…
HDFC Infinia paid
ICICI Sapphire LTF
ICICI world MC
Axis Burgundy DC

So not sure if AMEX travel is worth it for me. But having one AMEX card is good, so maybe MRCC is better suited

Monthly Milestone 1 - You get 1K MR points on spending on ₹1500 x 4 transactions every month.
Monthly Milestone 2 - Additional 1K MR points on spending ₹20,000 every month.

This way you get up to 24K MR points on spending 2.4 lacs every year.
The first year is free and the second year fee is ₹1500.

This is the best for 2.4L yearly spends and Plat Travel is best for 4L yearly spends.

 

[drsel]

Amex just now phoned to offer me Platinum charge card and then they offered me platinum reserve.
Are these cards worth applying for ?

 

[helloworld]

Amex just now phoned to offer me Platinum charge card and then they offered me platinum reserve.
Are these cards worth applying for ?

Based on my findings (not direct experience):

Plat. Charge heavily beneficial if we utilize those hotel programs, flight deals etc. basically one must travel and stay in 4 or 5* hotels to get the best value out of it and if a person travels less than 2 or 3 times a year not much useful. Preferably international travel.

Plat. Reserv is like more or like similar benefis of Plat. Travel and most of them not recommended.

 

[drsel]

Based on my findings (not direct experience):

Plat. Charge heavily beneficial if we utilize those hotel programs, flight deals etc. basically one must travel and stay in 4 or 5* hotels to get the best value out of it and if a person travels less than 2 or 3 times a year not much useful. Preferably international travel.

Plat. Reserv is like more or like similar benefis of Plat. Travel and most of them not recommended.

Yes the Marriott hotels are overpriced and the points required are at least 19000 to 55000 per room night

 

[helloworld]

Yes the Marriott hotels are overpriced and the points required are at least 19000 to 55000 per room night

it happens usually we should value max. 50p and if we get more than that its extra benefit but when we consider for return or reward point of view that is safe for miles cards.

very few options has static values otherwise most of the loyalty programs are dynamic and reduces overall point value.

And Plat.Charge meant to be experience rather collect points, IMO.

 

[drsel]

Plat.Charge meant to be experience rather collect points, IMO.

What experience are you talking about?
is it only for showing off?

 

[drsel]

They offered me both Platinum Charge and Platinum Reserve and I declined both because they did not offer them life time free.
I am not interested in cards which are more profitable for the bank

 

[Deleted member 11974]

What experience are you talking about?
is it only for showing off?

amex lounge
invitation to invite-only events

 

[drsel]

amex lounge
invitation to invite-only events

Thanks for the info but I get unlimited Lounge access All around The World anyway and the events may or may not be suitable to my taste.
Why did you change your name from xwowwow?

 

[Deleted member 11974]

Thanks for the info but I get unlimited Lounge access All around The World anyway and the events may or may not be suitable to my taste.

well the idea sold here is since many people like you have access to lounges globally this gives excess to amex,united,delta lounges across the globe

Why did you change your name from xwowwow?

AISE HI KOOL LAG RAHA THA

 

[helloworld]

What experience are you talking about?
is it only for showing off?

​ Access to exclusively crafted American Express® Experiences across entertainment, art, dining and more. Complimentary elite-tier memberships to the finest loyalty programs like Marriott Bonvoy, Hilton Honors and more. Complimentary access to 80+ global golf courses and golf lessons at 14+ Indian courses and more.

​ Up to 25% off and other benefits with the International Airline Program. Complimentary access to over 1,400 airport lounges globally, including The Centurion® Lounge and more.

Benefits worth ₹44,300 at 1,300+ properties worldwide with Fine Hotels + Resorts.

25% off on best available rate at Taj, SeleQtions and Vivanta Hotels.

Complimentary ₹10,000 Taj voucher as birthday gift.

 

[drsel]

well the idea sold here is since many people like you have access to lounges globally this gives excess to amex,united,delta lounges across the globe

AISE HI KOOL LAG RAHA THA

You should change it back to X wow wow because that is definitely more cool!