Questions and Answers

Hi Lucky,

I just received a targeted offer from Amex Platinum with a 100,000 point sign up bonus.

I recently got the Sapphire Preferred card (3 months ago) so I’m not sure if this offer is worth it for me.

Any thoughts?

Do you have a lot of recent inquiries or a lot of other cards open or some other reason why you think they wouldn’t approve your application? If not, I’d definitely go for it.

I’d also add that if you don’t think you’ll have much use for the Platinum card’s benefits that would make the $450 annual fee worth it, apply for the Everyday card at the same time as well. If you meet the minimum spending requirements on the Platinum card within 60 days of the annual fee hitting they will refund the full $450 if you cancel the card. The Everyday card will allow you to bank those MR points with no annual fee until you have a use for them. Amex also combines their hard pulls so you’ll only get one hard pull for applying for both cards.

You could do that but personally I’d keep the card and pay the $50 (after getting 2x airline reimbursements). Banks don’t much care for people who rapidly open and close accounts and I’d rather take the long term view. To each their own I suppose.

[USER=1277]@Jack O’Connor[/USER] what is the spend requirement on the card?