The best thing you can do when you sign up for an American Express card is to apply for the highest possible offer. This is due to their once in a lifetime rule, which states you can only get the signup bonus on a card one time per lifetime. With that being said, what if you could get a sign up bonus that’s so juicy, you’d have no choice but to wait for it? That’s the current targeted deal we are seeing now.
The Offer
The standard sign up bonus on the Platinum card is 50,000 points for spending $5,000 within the first 3 months. Right now, there is an even better increased public offering of 60,000 points with the same $5,000 spend within the first 3 months. However, what if you want even more points? What about double the standard sign up bonus?
Check the link here, and you can see if you are targeted for this offer. If we value the Amex points at 2 cents per point, that would mean this offer is worth $2,000! That’s basically getting 3.5 years of the Platinum card for free, and that’s before all of the credits it provides every single year.
Platinum Card Summary
Outside of its sign up bonus, the card comes with a $550 annual fee. The fee gets you 5x back on flights purchased at the airline directly or through amextravel and prepaid hotels booked on amextravel and 1x everywhere else. If you’re looking to make that fee back, the Platinum card comes with $200 in Uber credits (split up monthly), $200 airline fee credit (doesn’t include flights), a Saks Fifth Avenue $100 credit (split every 6 months) and a TSA Precheck/Global Entry credit (every 4 years). Additionally the card comes with Gold status at both Hilton and Marriott.
Final Thoughts
When you’re looking to play within American Express’ rules, the biggest one to play around with is the once in a lifetime rule. With that in mind, you’ll want the biggest sign up bonus around on each card you apply for. This may very well be the biggest offer they are willing to give away for the Platinum card. It doesn’t hurt to check to see if you’re eligible for the offer before applying!
Have you been targeted for this offer? Let us know down in the comments down below.
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