Why Wealthy Americans Love AmEx: Amex Platinum, Amex Centurion Card | CNBC Reaction – Ask Sebby

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23 comments

Ask Sebby February 8, 2023 - 10:55 pm Reply
Sebastian Esp February 10, 2023 - 12:17 am

💳 AMEX cardholder (and merchant client). As a cardholder, I can attest, they seemingly always know what I was thinking of buying and a new offer appears, but with a caveat that you spend more 😅. As a merchant, it’s true their fees are our highest, but bring us the most loyal customer base. Tbh, I think I admire their model simply because it works so well on me, unfortunately 😵. Didn’t plan on a new AMEX card anytime soon, but that new Hilton business card offer though 😁🏨! Love your reaction videos btw 😊

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Eric February 10, 2023 - 12:35 am

I've been an Amex member for roughly 20 years… Platinum for the majority of those. I'm their target demo – high income, high spend. But, I'll be the first to say that I despise MOST of the stuff Amex THINKS I want to spend my money on. No, I'm not shopping luxury brands every day. Will I buy products from those places sometimes? Yes. But I spend way more at everyday stores with everyday brands. I also don't live in one of the target urban environments – I live in the suburbs. For all of these reasons, I'd be very happy to see Amex acknowledge that the world of wealthy spenders does NOT revolve around a handful of cities and only luxury brands. Time to widen the aperture, Amex.

Stuff like the streaming credits? I like it – it applies to my lifestyle. Uber credits? Not so much – we drive here in the suburbs. My JPM Reserve gives me Instacart+, while Amex provides Walmart+… ok, both are valuable. Invites to Coachella? No thanks. But look, the Platinum card was supposed to be a travel card… and I fully appreciate the status at hotels provided. But they're a bit underwhelming. I'd pay $1,500 or $2,000 a year for a card that ACTUALLY provided real status with hotels and airlines. Give me meaningful Delta and Marriott status – I'll pay up! Saks credits? Keep them.

Part of the problem may be that Amex is asking the platinum to pull double duty – historically a travel card, now it also needs to be a lifestyle card. Separate the two missions.

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Tre Mac February 10, 2023 - 1:11 am

Can you do an updated how to on retention offers… my Delta Reserve is coming up on first anniversary and I’m trying to understand how to… thank you

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Venuschild February 10, 2023 - 5:05 am

💳 Consistency and longevity are big selling points for Amex, IMHO

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Thomas Urgento February 10, 2023 - 5:47 am

can you make a video on how to get the Morgan Stanley American Express Platinum card in 2023? I don't care about getting the 695 credit. I just want to know how to get the card itself.

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Yefri February 10, 2023 - 6:11 am

I have a very stupid question. I only have 12 months of credit history And credit is 740. Should I apply for the amex gold? I don't pay any rent and have a decent full time job

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willy February 10, 2023 - 7:15 am

good analysis, what about amax checking, you could cove that. and talk about why its a safety net. ok well see if you get that.

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Lawrence Lolesi February 10, 2023 - 10:00 am

Hi Sebby, new to you channel. I like it.
Whats the difference in concierge services between Centurion and Platinum?

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thejokerspeaks February 10, 2023 - 1:05 pm

5 card setup: Personal Gold + BBP, Delta Reserve, Hilton Aspire + Hilton Business 💳💳💳💳💳

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Chad Cutler February 10, 2023 - 3:50 pm

💳

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Harry Schuster February 10, 2023 - 4:01 pm

Responding to your comment about which cities feel like the card is designed for them- in Atlanta and loving the Vanilla Plat. Gets me into any of the 9 SkyClubs in ATL and does so with many more annual fee subsidizations than other cards that have that perk (Delta Plat, Delta Reserve). I will admit that the "events" categories and perks feel very New York focused. Also no Equinox in Atlanta but I wouldnt join Equinox if it were on the first floor of a building I lived in.

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Tom Z February 10, 2023 - 5:38 pm

They need to improve the Vegas lounge. It's so packed and outdated. I was just there like 10 days ago to see Adele. Denver lounge was pretty good.

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Shawn February 10, 2023 - 6:01 pm

I like to hold cards that show responsible use of credit and a excellent credit score. Amex will always give off the vibe of a person with their stuff together and able to have and achieve nice things. I’ve picked up a few credit union cards and even while I’m thrilled and proud of them Amex is above all else imo superior customer service and products. If Amex brings more everyday spend categories rewards options they will for sure take the Platinum to another level. I have the Amex Gold and have ran all my regular spend through it this month marks one year and I don’t regret having it one bit. It has excellent rewards categories and leaves me in awe just seeing it still!

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Dave T February 10, 2023 - 6:03 pm

Red Alert! 🚨 Today at Walmart all current stock of old school gray Walmart VGCs were void at the register. Hopefully it's just temporary. I am hearing that there is a bar code scam going around. Do you know of any good resources for info?

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Toni Johnson February 10, 2023 - 6:10 pm

Disclaimer I never used Life Miles. I see AMEX transfers to Aeromexico at 1 to 1.6 but transfers to Avianca at 1 to 1. because Avianca is connected to Aeromexico could I transfer my AMEX miles to Aeromexico and buy my life miles tickets. Life Miles have the ticket the cheapest.

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Steven Babe February 10, 2023 - 6:34 pm

I don’t know how to do a credit card emoji lol. I just got the Amex platinum and so far so good. I been a chase reserve client for long time. I just wish Amex gave spouses two card and no charged even more. All these points are great but its os stressing trying to use them for business class flights and knowing the best deals.

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theuriah01 February 10, 2023 - 10:15 pm

💳

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Willy Wong February 10, 2023 - 10:27 pm

Amex needs to revise their Green Card as a $95 annual fee card to compete with Chase Citi Capital One and the likes. The multipliers are good but if they add a 3% for groceries and maybe even 3-5% for EV charging or purchasing renewable energy and eco-friendly products. It will give the Green Card some "green" credentials!?
That would give it the leg up of their competitors that offers every day spending and eco conscious (younger and probably affluent) spending.

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Bruno Cataletta February 11, 2023 - 1:16 am

I’m a plat and gold holder . So far the experience has been great . I have one credit card for pretty much every category available to make the most of my points .

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Skye Rider February 11, 2023 - 5:58 am

Skye kIaer • Izs ago
Hey mate, I have a question. So I got approved Amex Platinum and I the offer I had on screen was 125k. I accepted the card and yada yada yada, after I met the spend limit they told me that I wasn't eligible for the welcome offer. But the thing is that I called Amex multiple times before for other inquiries (adding additional cards, travel booking, concierge etc.) and they updated me on how far I am from the threshold.
But then when I met it, they said I won't receive it. I filled a complaint and it came back negative.
1 filled it again and no reply yet. I called back a few days ago for another matter and asked about the welcome bonus and they said it will be credited in 4ish weeks.
I would take the last agents word, but other agents have been giving me other information.
So I don't

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Tarishi Shuler February 11, 2023 - 6:49 am

I'm an Amex card holder and I absolutely enjoy it. 💳

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Naima Ed February 11, 2023 - 2:55 pm

❤ do you think i can apply for the platinum card now that i just got the cobalt my credit history is like 1 yr and 3 months old and îm a 760 ?

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