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If you once had an American Express Platinum Card and are thinking of hopping back in the Amex Plat pool, this is a great way to do it. Get all those yummy bennies, and get a sign up bonus. Amex limits sign up bonuses to once per lifetime, per card product. Two ways to get a sign up bonus, and get most of the same benefits, but work within the Amex sign up rules may be going away. Yes, that sweet little benzo card may take its last breath tonight. So here’s your chance to pick it up if you’re tempted…
I have no affialiation with Amex, links, etc – so this is just a public link
Why get this card?
If you own or lease a Mercedes there are some nice perks listed above:
- 5x purchases on Mercedes
- If you’re thinking of buying one. Ask to use this credit card. If they say no, tell the dealer you’ll pay the processing fee. On a $30,000 car you’ll pay several hundred bucks in processing fees but earn another 150,000 points. Totally worth it IMO. At just $0.02 you’re earning $3,000 back. Way more when redeemed for international air travel.
- $1000 certificate when you spend $5000
- 2000 overage miles waived on a lease
- $100 credit towards accessories
Honestly, none of those apply to me, and probably don’t apply for most people. However, here’s a list of things I think would would benefit you:
- 60k bonus points = valued at just $0.02 per point that’s worth a $1200
- $200 annual airline fee reimbursement – in your first cardmember year, you’ll qualify twice for this – that’s $400
- The airline reimbursement is per calendar year vs the cardmember year of which the annual fee is based.
- Global Entry fee reimbursement – worth $100
- Priority Pass Select membership – worth ~ $400
- lounge access around the globe
- Delta Sky Club lounge access – when flying on Delta
- Centurion Lounge access – network expanding and very worthwhile
- Access to Fine Hotels and Resorts
- Amazing benefits such as free breakfast, resort credits, room upgrades, early check in, late check out, etc
- Over 20 transfer partners: like Singapore Air, Air Canada, Air France, British Airways
- SPG gold status = Marriott Gold Status = CLUB ACCESS
- Hilton Honors gold status
- Boingo free wi-fi at more than 1,000,000 hotspots around the globe
- The Hotel selection
- slightly different that Fine Hotels and Resorts, but provides great benefits, credits, and upgrades
- Return protection on goods a store won’t take back, you get reimbursement up to $1000/year $300/item
Those Amex Airline transfer partners that get you evvvvvvvver so close to lie flat biz and first.
Ahhhhhhh – feels so good 🙂
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
$300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- $300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
- That’s worth $750 when redeemed through Chase Travel℠. Plus, get up to $300 in statement credits on Chase Travel℠ purchases within your first year
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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