Amex Platinum ( airline credit)

[DBpoints]

I've had an Amex Platinum for a little over a year now. I would like to attempt to "churn" this card. My questions is should I wait until after 1-1-2012 so I can get my 200 airline credit and then cancel afterward?                     (to avoid the annual fee)

Can you get the annual fee refunded after using the $200  airline credit? Any advice would be appreciated.

Thanks

[jk2]

I have similar question. I had a Platinum card earlier this year, used $200 airline credit and cancelled the card after 60 days. If I apply for the same card now and if approved, will I have $200 airline credit for this year again?

thank you!

[DBpoints]

I have similar question. I had a Platinum card earlier this year, used $200 airline credit and cancelled the card after 60 days. If I apply for the same card now and if approved, will I have $200 airline credit for this year again?

thank you!

Did you get the full amount reimbursed after using the $200?

[jk2]

yes

[AsherO]

Just put other charges on as well and don't cancel as soon as the $200 credit posts. The CSR won't even notice.

[lechaim2life]

I've had an Amex Platinum for a little over a year now. I would like to attempt to "churn" this card. My questions is should I wait until after 1-1-2012 so I can get my 200 airline credit and then cancel afterward?                     (to avoid the annual fee)

Can you get the annual fee refunded after using the $200  airline credit? Any advice would be appreciated.

Thanks

I think the accepted approach (both in terms of churning & maitaining good credit score) would be to keep the card open while applying and if they don't let you get a new one offering to combine the balance on the new card so you get the sign-up benefits. I've also read that you can downgrade you Amex Platinum to Gold to avoid the big annual fee and then you can try to sign up for a new Platinum card.

I'm fairly new at this so you may want to wait for the experts to confirm but I think those are the accepted strategies.

[AsherO]

you can downgrade you Amex Platinum to Gold to avoid the big annual fee and then you can try to sign up for a new Platinum card.

+1

Might want to wait 30 days from the downgrade before you churn.

[DBpoints]

I think the accepted approach (both in terms of churning & maitaining good credit score) would be to keep the card open while applying and if they don't let you get a new one offering to combine the balance on the new card so you get the sign-up benefits. I've also read that you can downgrade you Amex Platinum to Gold to avoid the big annual fee and then you can try to sign up for a new Platinum card.

I'm fairly new at this so you may want to wait for the experts to confirm but I think those are the accepted strategies.

All sounds good except that because there is no listed Credit line on a charge card i'm pretty sure cancelling it does not hurt your credit because your overall credit line does not go down.

[jk2]

So, back to my question - do you think it is possible to churn $200 airline credit twice during one calendar year? I'm still debating what is the best - to apply for Gold Biz card (75K offer) or apply again for Platinum card for 50K.

Thanks!

[DBpoints]

why not apply for both?

[DBpoints]

Can you post link for the 75k offer?

[yare]

no matter when you get the platinum card and cash out on the $200, you automatically get a new $200 in january?

[Dan]

no matter when you get the platinum card and cash out on the $200, you automatically get a new $200 in january?

Yup

[TC610]

So, back to my question - do you think it is possible to churn $200 airline credit twice during one calendar year? I'm still debating what is the best - to apply for Gold Biz card (75K offer) or apply again for Platinum card for 50K.

Thanks!

I did it twice in one year with the AMEX Plat.

[jk2]

I did it twice in one year with the AMEX Plat.

Thanks! I think I would go with Platinum card again for 50K - I need to spend $1K only + get $200 credit this year ( + next year). $10K spending in 5 months is toooo much for me.

[MnM1130]

Thanks! I think I would go with Platinum card again for 50K - I need to spend $1K only + get $200 credit this year ( + next year). $10K spending in 5 months is toooo much for me.

their still matchin for 50k? (on the main credit card links it says 25k...  is it easy to get 50k? which link?)

[shmooz]

their still matchin for 50k? (on the main credit card links it says 25k...  is it easy to get 50k? which link?)

Is there a link for a platinum 50k? The one bottom of this page http://www.dansdeals.com/forums/index.php?topic=7057.1215

 doesnt work anymore.

[PlatinumGuy]

Is there a link for a platinum 50k? The one bottom of this page http://www.dansdeals.com/forums/index.php?topic=7057.1215

 doesnt work anymore.

look for the 100k thread. As of a week ago there were 2 links that worked there

[yaakov s]

look for the 100k thread. As of a week ago there were 2 links that worked there

He was linking the 100k thread .

[yaakov s]

Is there a link for a platinum 50k? The one bottom of this page http://www.dansdeals.com/forums/index.php?topic=7057.1215

 doesnt work anymore.

Clear your browsers . I got one to work

But look here http://www.dansdeals.com/forums/index.php?topic=11058.msg137257#msg137257 before you apply . Doesnt seem to be guaranteed at all