New member of Amex Platinum Charge

[drabhishek90]

Hi,
I recently got the latest Amex Platinum Charge Card yesterday after years of waiting.
Waiting since I was living in a non serviceable area but I got this recently because of some hack.
So now I don't know what to do with it regarding spends since most of the other Axis cards and HDFC cards give better returns.
I have already talked to concierge service a couple of times and these people are remarkable!!!!!
However, threads related to this card are quite a few, with most of them dead since last 1 year including the groups.
Can anyone please share there experience here.

Note :
For people who will be commenting that I made a mistake with this card in terms of rewards value. It's just for an experience for the first year with and aspirational value attached to it. So kindly refrain from such comments....

 

[Shinnok]

Main advantage of the card is that you get much higher spending limits, useful if you don't keep a lot of money tied in banks.

It is also useful for international spends (asks OTP for international transactions too - most other CCs don't). Still, 3.5% forex markup.

There are a few other non-reward benefits (golf, concierge, travel booking, hotel memberships, Taj/Oberoi discount).

Overall, yes, there are not a lot of benefits for this card unless you have the right kind of spends/travel lifestyle - for rewards there are a lot better cards.

 

[Shinnok]

You can think of it as a BMW/Mercedes

• Is it good at core competency? Yes
  • Great QOL (customer service)
  • Fantastic at crash handling (chargback)
• Do people give you special treatment for using it?
  • Maybe at some 5 star property
  • Everyday vendors don't care, or will charge you more (MDR 😢)
• Does it have an eye watering yearly charge? Yes
  • It's a status symbol for middle class/upper middle class people
  • Rich people would tend not to care about yearly cost (or for kanjoos rich people, not go for it at all, instead going for Skoda)
• Can you use it to flaunt your wealth? Yes
  • People driving a Creta/Skoda will sneer at you for the poor fuel efficiency and high price, as they get better bang/$ for lower cost
  • You can sneer at the people driving a lowly WagonR
  • People driving a Porsche/Bentley (Centurion) will still keep sneering at you though

It's like getting a car(d) on the 360/STAR loan plan - great to try out at low initial charge (via upgrade/welcome bonus), up to you if you want to keep the car(d) after the initial lease period is over, or if you want to return it

 

[coolguy1]

It's a great lifestyle card if you have the lavish lifestyle with lavish expenses.

If you're trying to get value per rupee spend, it might not be the best card but as you mentioned it's just for the first year which makes sense.
Enjoy using the card, avail most if not all offers to get the most value! 🙂

 

[drabhishek90]

Main advantage of the card is that you get much higher spending limits, useful if you don't keep a lot of money tied in banks.

It is also useful for international spends (asks OTP for international transactions too - most other CCs don't). Still, 3.5% forex markup.

There are a few other non-reward benefits (golf, concierge, travel booking, hotel memberships, Taj/Oberoi discount).

Overall, yes, there are not a lot of benefits for this card unless you have the right kind of spends/travel lifestyle - for rewards there are a lot better cards.

I wasn't aware that it asks for OTP for International transactions. Have been a victim of such fraud, so its a good bonus.
thanks for the info...

 

[drabhishek90]

You can think of it as a BMW/Mercedes

• Is it good at core competency? Yes
  • Great QOL (customer service)
  • Fantastic at crash handling (chargback)
• Do people give you special treatment for using it?
  • Maybe at some 5 star property
  • Everyday vendors don't care, or will charge you more (MDR 😢)
• Does it have an eye watering yearly charge? Yes
  • It's a status symbol for middle class/upper middle class people
  • Rich people would tend not to care about yearly cost (or for kanjoos rich people, not go for it at all, instead going for Skoda)
• Can you use it to flaunt your wealth? Yes
  • People driving a Creta/Skoda will sneer at you for the poor fuel efficiency and high price, as they get better bang/$ for lower cost
  • You can sneer at the people driving a lowly WagonR
  • People driving a Porsche/Bentley (Centurion) will still keep sneering at you though

It's like getting a car(d) on the 360/STAR loan plan - great to try out at low initial charge (via upgrade/welcome bonus), up to you if you want to keep the car(d) after the initial lease period is over, or if you want to return it

I think this is the best comparison/description of this card I have read till date. Excellent writing.....

 

[Shinnok]

I wasn't aware that it asks for OTP for International transactions. Have been a victim of such fraud, so its a good bonus.
thanks for the info...

This is for all Amex cards, btw (SafeKey, apparently it's up to merchant but always have received it in practice)

Plat Charge has 3x overseas multipler though (so 7.5% reward rate at 3.5% markup), so more worthwhile (unless you can reach milestone spends on another Amex)

 

[LiamHouse]

This is for all Amex cards, btw (SafeKey, apparently it's up to merchant but always have received it in practice)

Plat Charge has 3x overseas multipler though (so 7.5% reward rate at 3.5% markup), so more worthwhile (unless you can reach milestone spends on another Amex)

how is it 7.5%? what are you valuing each mr point?

 

[theglobalinvestor]

Hi,
I recently got the latest Amex Platinum Charge Card yesterday after years of waiting.
Waiting since I was living in a non serviceable area but I got this recently because of some hack.
So now I don't know what to do with it regarding spends since most of the other Axis cards and HDFC cards give better returns.
I have already talked to concierge service a couple of times and these people are remarkable!!!!!
However, threads related to this card are quite a few, with most of them dead since last 1 year including the groups.
Can anyone please share there experience here.

Note :
For people who will be commenting that I made a mistake with this card in terms of rewards value. It's just for an experience for the first year with and aspirational value attached to it. So kindly refrain from such comments....

What hack did you use to get at non serviceable pin location?

 

[SSV]

What hack did you use to get at non serviceable pin location?

Thread 'AMERICAN EXPRESS NON-SOURCING PINCODES UPDATE' https://www.technofino.in/community/threads/american-express-non-sourcing-pincodes-update.34519/