Would you recommend Amex platinum

11 replies

Kinkade

Qantas - Qantas Frequent Flyer

Member since 30 Dec 2016

Total posts 16

Hi Guys,


I am looking to get an amex for work expenses, I pay them myself and then get reimbursed every month. I travel a fair bit for work domestically, all flight and hotels are paid by the company and any expenses other than that I pay and are then reimbursed.

I currently have a qantas world master card but the redemption 0.6 points per dollar is a bit weak, the complimentary Starwood status and hertz CDP has been pretty good.

I really love late checkout and early checkin perks, free and discounted meals is less important as ultimately I don't pay but happy to save the company some money.

As a general rule Starwood, Novotel, IHG are pretty common stays for me

Last year I took around 150 domestic sectors, though the last 12 months has been a bit quieter dues to arrival of baby number 1 so it's going to be close on whether I renew QFF gold ( waiting like everyone else on a DSC offer)

I don't mind paying for Amex platinum if it would be worth it but obviously prefer saving the money. One benefit would be virgin lounge access if I don't manage to renew QFF gold this year. I really hate the idea of early mornings out of Brisbane and late evenings out of Sydney without a lounge.

Thoughts then wise people?

markpk

Qantas - Qantas Frequent Flyer

Member since 29 Nov 2013

Total posts 459

Hi Kinkade,

I've had the AMEX Platinum charge card since around 2005 as I've had a heavy travel schedule for well over 10 years now.

I'm in a similar work situation though I'm moving from contract to permanent but the company doesn't issue corporate cards or arrange travel (yet) so I pay for all work travel on my AMEX Platinum charge card and get reimbursed.

The benefits for myself and the household are:
  1. Comprehensive travel insurance for me and the family if they travel with me - I this this is worth $300~
  2. The annual travel credit of (I think $300) which I try to use for short family holidays
  3. Membership of a variety of hotel chains (and thank god Accor is back in the program) - this means late check outs, room upgrades, meal discounts etc - It's hard to put a $ value on this but luckily my wife has been a corporate road warrior in an earlier life so she appreciates the value of good hotels and upgrades
  4. Membership of Priority Pass - not a huge benefit in ANZ but given I'll be doing more US travel this year its a good perk;
  5. Access to the AMEX lounge network - again, not huge in ANZ but a nice benefit for my US travels
  6. The $30 meal perk at certain airports in AU - I use this regularly in Sydney
  7. Points earn - I know this has changed - I'm yet to digest the impact. Either way the points I earn via AMEX pays a significant portion of our household budget. In a good year I'll convert points into $800+ of Coles gift cards - with a young family your partner will appreciate this!

There are other soft benefits like Platinum event invitations and the regular special offers - I particularly like the hotel ones where a spend of $400 generates a rebate of $120~ to your card. I've used this a few times and quietly earned some free cash from a work trip.

The annual fee stings a bit, but we see enough value at the moment to justify it.

sid

Member since 07 Jan 2011

Total posts 209

As employees of AusBT we can't give you a personal recommendation to get the card, but I can share with you how I use the card myself:


1. Priority Pass approx once a month in Sydney ($36x12) - $432
2. Partner has a supplementary Platinum card and she is entitled to the Priority Pass card too. She uses it once every couple of months ($36x6) - $216
3. $450 travel credit (need to be careful that Amex travel price isn't higher than the hotel, which it can be sometimes)
4. $400 travel credit on the attached Platinum Reserve credit card (free to apply and no annual fee)
5. Accor Plus - 1 free night and 50% off dining with 2 people. We just saved approx $350 on food costs on a holiday in Bali because of this.
6. Fin Review subscription. I'm enjoying reading this on a daily basis.
7. Travel Insurance (however I always have annual trip insurance on top of this)
8. Fine Hotels and Rewards. Recently did a stay at Crown Towers for $358 a night, which was the price for the base room on the crown website. However, the FHR package included a Club room with Club access and a one way airport transfer. Easily worth $2-300 extra.
9. Smartphone screen insurance - got $300 back for my broken phone screen.

Hope this helps.

markpk

Qantas - Qantas Frequent Flyer

Member since 29 Nov 2013

Total posts 459

Good summary Sid,

Damn, I missed a few benefits in there! Supplementary card for wife plus the Reserve card help stack up the hard case benefits. The AFR subscription is something I'm really starting to use as well.

I try to use the Accor free night for family stays as well.

Didn't know about the phone screen cover! Does that only apply if the phone was purchased using the AMEX? (I assume so)

Taylor

Singapore Airlines - The PPS Club

Member since 19 Mar 2016

Total posts 53

I understand the phone screen insurance is applicable if you pay your monthly fees with the card...

markpk

Qantas - Qantas Frequent Flyer

Member since 29 Nov 2013

Total posts 459

I understand the phone screen insurance is applicable if you pay your monthly fees with the card...

Ahh, OK. That makes sense.

Anthony9006

Etihad - Etihad Guest

Member since 10 Feb 2019

Total posts 2

When you apply for the Platinum Reserve credit card would they do another credit check if you already have the platinum charge card?

Kinkade

Qantas - Qantas Frequent Flyer

Member since 30 Dec 2016

Total posts 16

Thanks guys that's really helpful! I didn't know they still did the platinum reserve with the charge card so that is a big plus, perhaps it tips the scales.


Do you pay the $1400 in your first month? is there someway to not take the hit all in one go?

Kinkade

Qantas - Qantas Frequent Flyer

Member since 30 Dec 2016

Total posts 16

As employees of AusBT we can't give you a personal recommendation to get the card, but I can share with you how I use the card myself:

1. Priority Pass approx once a month in Sydney ($36x12) - $432
2. Partner has a supplementary Platinum card and she is entitled to the Priority Pass card too. She uses it once every couple of months ($36x6) - $216
3. $450 travel credit (need to be careful that Amex travel price isn't higher than the hotel, which it can be sometimes)
4. $400 travel credit on the attached Platinum Reserve credit card (free to apply and no annual fee)
5. Accor Plus - 1 free night and 50% off dining with 2 people. We just saved approx $350 on food costs on a holiday in Bali because of this.
6. Fin Review subscription. I'm enjoying reading this on a daily basis.
7. Travel Insurance (however I always have annual trip insurance on top of this)
8. Fine Hotels and Rewards. Recently did a stay at Crown Towers for $358 a night, which was the price for the base room on the crown website. However, the FHR package included a Club room with Club access and a one way airport transfer. Easily worth $2-300 extra.
9. Smartphone screen insurance - got $300 back for my broken phone screen.

Hope this helps.

thanks!, do you have to pay the full annual fee up front?

Kinkade

Qantas - Qantas Frequent Flyer

Member since 30 Dec 2016

Total posts 16

Hi Kinkade,
I've had the AMEX Platinum charge card since around 2005 as I've had a heavy travel schedule for well over 10 years now.

I'm in a similar work situation though I'm moving from contract to permanent but the company doesn't issue corporate cards or arrange travel (yet) so I pay for all work travel on my AMEX Platinum charge card and get reimbursed.

The benefits for myself and the household are:
  1. Comprehensive travel insurance for me and the family if they travel with me - I this this is worth $300~
  2. The annual travel credit of (I think $300) which I try to use for short family holidays
  3. Membership of a variety of hotel chains (and thank god Accor is back in the program) - this means late check outs, room upgrades, meal discounts etc - It's hard to put a $ value on this but luckily my wife has been a corporate road warrior in an earlier life so she appreciates the value of good hotels and upgrades
  4. Membership of Priority Pass - not a huge benefit in ANZ but given I'll be doing more US travel this year its a good perk;
  5. Access to the AMEX lounge network - again, not huge in ANZ but a nice benefit for my US travels
  6. The $30 meal perk at certain airports in AU - I use this regularly in Sydney
  7. Points earn - I know this has changed - I'm yet to digest the impact. Either way the points I earn via AMEX pays a significant portion of our household budget. In a good year I'll convert points into $800+ of Coles gift cards - with a young family your partner will appreciate this!

There are other soft benefits like Platinum event invitations and the regular special offers - I particularly like the hotel ones where a spend of $400 generates a rebate of $120~ to your card. I've used this a few times and quietly earned some free cash from a work trip.

The annual fee stings a bit, but we see enough value at the moment to justify it.

thanks that's really helpful, the Accor membership is a good one for me too!

markpk

Qantas - Qantas Frequent Flyer

Member since 29 Nov 2013

Total posts 459

As employees of AusBT we can't give you a personal recommendation to get the card, but I can share with you how I use the card myself:

1. Priority Pass approx once a month in Sydney ($36x12) - $432
2. Partner has a supplementary Platinum card and she is entitled to the Priority Pass card too. She uses it once every couple of months ($36x6) - $216
3. $450 travel credit (need to be careful that Amex travel price isn't higher than the hotel, which it can be sometimes)
4. $400 travel credit on the attached Platinum Reserve credit card (free to apply and no annual fee)
5. Accor Plus - 1 free night and 50% off dining with 2 people. We just saved approx $350 on food costs on a holiday in Bali because of this.
6. Fin Review subscription. I'm enjoying reading this on a daily basis.
7. Travel Insurance (however I always have annual trip insurance on top of this)
8. Fine Hotels and Rewards. Recently did a stay at Crown Towers for $358 a night, which was the price for the base room on the crown website. However, the FHR package included a Club room with Club access and a one way airport transfer. Easily worth $2-300 extra.
9. Smartphone screen insurance - got $300 back for my broken phone screen.

Hope this helps.

thanks!, do you have to pay the full annual fee up front?

Unfortunately yes. It goes onto your first month's statement.


LPT - think about what month you commit. I inadvertently signed up in the December billing month which is also the month we pay a few insurance policies and (as you'll soon learn) is also the month when you start forking out for school fees/supplies/uniforms. Man, December is a big red month in our household - so much cash going out!

If you're going to keep up that cadence of travel it will be worth it!

SamA

Qantas - Qantas Frequent Flyer

Member since 16 Mar 2019

Total posts 1

Amex CPA Platinum Reserve has been good for us. The travel credit which covers the annual fee is great; decent points earning, along with Priority Pass bonus.

We were thinking of applying for another card to make the most of bonus points on application and spreading our business spending to avoid points cap. With the requirement now of showing payslip/tax return, (and with personal income under the requirement of Platinum level) will we knocked back applying for another one? Or does a letter from an accountant suffice to say we can service the repayment?? Or should we be looking at a charge card?

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