« Reply #124 on: August 17, 2016, 12:08:20 PM »
1) yes they can . They're amex .
2) they have multiple point categories and deals . They're rewards system simply works differently .
They'll be fine even if they don't change a thing
"Yes they can, they're AmEx" is a line that may have worked in the 90s. It's 2016 and Chase and (to a lesser extent but true in recent times) Citi have been eating AmEx's lunch.
The only advantage the Platinum card has at this point is that it's a charge card--I assume, unfortunately, that the Reserve will be a credit card--and therefore huge spender can still drop a million bucks a week on a Plat without blinking.
That said, it'd be interesting to know if there is more revenue from the number of people who spend 25K/mo or less than who spend $1MM/mo or more.
If AmEx wants to compete with the Prestiges and the Reserves, it can't rest on "because we're AmEx" -- unless AmEx can buy a DeLorean DMC-12.
« Last Edit: August 17, 2016, 12:11:56 PM by AJK »
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