Last week I wrote about how a new calendar year meant a new year of fee reimbursements on the American Express Platinum card. Given that the annual fee on the card is $550 and you can squeeze two $200 airline fee credits out of the first year’s annual fee, it essentially lowers the annual fee on the card to $50 for the first year (and $250 per year thereafter since you do get an annual airline fee credit).
What makes these fee credits so valuable is that you can usually be reimbursed for the purchase of airline gift cards. Last year I purchased American Airlines gift cards using the credit and was reimbursed, and I intended to do the same this year. Many readers asked me to report back on my experience with reimbursement this year, so I figured I would.
On January 3 I purchased $200 worth of American Airlines gift cards — two $50 cards and one $100 card. The reason I got different amounts was to see if one amount triggered the reimbursement and another didn’t. Well, I’m happy to report that the entire amount was reimbursed within three days.
So there you have it, reimbursements on American Airlines gift cards are alive and well.