NEW American express Platinum charge Fees and Benefits

[BestBankerBestBanker is verified member.]

Platinum charge card fees is increasing soon . So let me know if you wish to take before that.

 

[amit]

whats the additional benefit with increased fee? and % on increment?

 

[Slayer]

@drsel any comments?

 

[BestBankerBestBanker is verified member.]

whats the additional benefit with increased fee? and % on increment?

3 New memberships and renewals gifts

 

[drsel]

@drsel any comments?

Forget about increased fee, I don't recommend it even at the current price of 70800 every year.
This is a recurring liability of 70800 every year, with no possibility of renewal fee waiver, which most super premium cards have.
Return is only 1.25% no matter how much you spend!
(Even if you can find merchants /shops who accept Amex in India )

But don't worry, the referral commission is very high!

 

[drsel]

The best way to make a lot of money in AmeX cards is by becoming a financial influencer on YouTube and social media and recommending people to buy Amex cards using your referral link.

Always make it look like you are doing them a favour by giving them first year free, + 500 or 2000 joining bonus points

 

[Indrajeet100]

Are they getting so much demand @60k that still want to raise further or want to regain exclusivity by raising it higher. Way they are sending invites to upgrade seems contradictory.

 

[Slayer]

Are they getting so much demand @60k that still want to raise further or want to regain exclusivity by raising it higher. Way they are sending invites to upgrade seems contradictory.

I'm still waiting for them to bring actual value to the particular card except the joining bonus

 

[BestBankerBestBanker is verified member.]

The best way to make a lot of money in AmeX cards is by becoming a financial influencer on YouTube and social media and recommending people to buy Amex cards using your referral link.

Always make it look like you are doing them a favour by giving them first year free, + 500 or 2000 joining bonus points

Wait for few days

 

[Infamous]

3 new memberships? I hope they are worth the fee hike.

 

[Slayer]

Wait for few days

Waiting to be underwhelmed

All these fat salaries to Top IIM graduates as product managers and yet not able to crack the affluent segment even after all these years

 

[BestBankerBestBanker is verified member.]

3 new memberships? I hope they are worth the fee hike.

Fee hike is very minimal. You will like it

 

[DevilDog]

Fee hike is very minimal. You will like it

Will it be applicable on renewals too? And what are the new memberships

 

[BestBankerBestBanker is verified member.]

Waiting to be underwhelmed

All these fat salaries to Top IIM graduates as product managers and yet not able to crack the affluent segment even after all these years

Sounds like you are extremely hurt by their salaries but I will agree partially with what you said. Sleep well

 

[BestBankerBestBanker is verified member.]

Will it be applicable on renewals too? And what are the new memberships

Yes its is for existing Card members as well . you will get links to your email after 8th to enroll for the new memberships .
An OTT and 3 hotel memberships

 

[BVCBVC is verified member.]

Yes its is for existing Card members as well . you will get links to your email after 8th to enroll for the new memberships .
An OTT and 3 hotel memberships

Hyatt, ITC, Accor might be on cards and Netflix?

 

[DevilDog]

Okay. Noted. I think Accor Plus is one of them.
Had seen somewhere

 

[BVCBVC is verified member.]

3 New memberships and renewals gifts

10-15% hike with some good renewal benefits should be decent use case.

 

[BVCBVC is verified member.]

Okay. Noted. I think Accor Plus is one of them.
Had seen somewhere

Might be as it’s included with Plat Reserve now.

 

[DevilDog]

10-15% hike with some good renewal benefits should be decent use case.

Yeah if some renewal benefits are improved, it can be useful. Without renewal fees becomes difficult to justify.