A Record 3 Million People Open Amex Cards in Quarter 1 2022 – The Credit Shifu

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27 comments

Jason Sharpton April 29, 2022 - 8:15 pm

Sounds like retention offers will be hard to get.

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MikeScents April 29, 2022 - 8:32 pm

Wait did you go to Grand Cayman??

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Serena b April 29, 2022 - 8:34 pm

How many Centurion applications/invitations this quarter?

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V95 Aaaap April 29, 2022 - 8:50 pm

Is this platinum only or all Amex cards ? Maybe change the thubnail if it’s for all.

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Glance89 W April 29, 2022 - 8:55 pm

Credit Shifu “辱华”了,haha

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Maicon Carmo April 29, 2022 - 9:23 pm

Why Amex ain’t being selected???

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Michael Pithium April 29, 2022 - 10:47 pm

The valuation of MR points is about to go down

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waltervila33 April 29, 2022 - 10:48 pm

I reckon the 695 will not be going anywhere but up then

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dbest dbast April 29, 2022 - 11:26 pm

No AMEX for me. There are better options available with no annual fees.

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Kevin Jackson April 29, 2022 - 11:47 pm

This explains why Centurion lounges are so crowded now.

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Ousmane N'diaye April 30, 2022 - 12:08 am

Thanks Ben for your great Videos on Credit products as always. I am actually an existing AMEX Customer but didn't have the Platinum or the gold card. However that changed today because I received my new Platinum card today, I applied for it because AMEX pre-approved me for the card with a huge sign up bonus of 150, 000pts, plus a no annual fee Gold card for my Wife, so I couldn't pass on this offer since I have expensive travel plans coming up.

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Dannee Boy April 30, 2022 - 12:11 am

Well, I did get 2 new cards with Amex during Q1 =) Im happy with that.

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SamsungLG April 30, 2022 - 12:29 am

Not an Amex holder here but this is pretty impressive news 👍

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BrettDuffy1992 April 30, 2022 - 12:54 am

I see many people are getting Amex Platinum who would have probably never qualified for it several years ago it's nice to see that a luxury card is going more into the mainstream

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Anton Martynyuk April 30, 2022 - 1:40 am

Resy still has 125k and 10X on restaurants on Platinum card

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K Roddy April 30, 2022 - 1:49 am

Lots of gullible people out there.

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John G. April 30, 2022 - 2:29 am

I was one of those new customers 90K points on the Gold card was what I was offered. Applied and approved……my first AMEX card.

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Jefford717 April 30, 2022 - 2:46 am

I own AMEX stock via Berkshire Hathaway.

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Graham April 30, 2022 - 12:49 pm

I suspect a lot of people signed up for those insane welcome bonuses. Once the euphoria wears off and they they get that AF charge on year two, I think many of them will consider downgrading or cancelling.

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Shaun Sdnub April 30, 2022 - 12:55 pm

I’m so glad they still are my lowest revolvers and business cards… I put so much spend on their cards and have been treated constantly as if I were risky when I have paid in full and never missed a payment in almost four years… 2000 for a business gold card is atrocious and their algorithms obviously are garbage because I am paying them endlessly for other people to get perks. Thanks guys… fnbo and becu are better. 20k plus cards are more appropriate for business. Stupid stupid company, Amex.

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Shaun Sdnub April 30, 2022 - 12:58 pm

And all of you people saying how you were approved. Data points or you’re just inconsiderate!

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jordan23ww April 30, 2022 - 1:35 pm

I actually just got approved Thursday for the Amex Platinum. Welcome offer was 150K MR and 10x on Restaurants spend for 6 months.

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Mitchell. April 30, 2022 - 3:26 pm

Um; that is 3 million cards issued by American Express not 3 million people in the title of this video. You can hold more one proprietary (issued by American Express) card so that is less than three million people.

Also not sure on the mix but if it is a lot of Platinum and Gold cards then the annual fee would rake in some money in the years to come.

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dailyjerk Daily April 30, 2022 - 4:57 pm

Platinum membership 85k in monthly spending-12yrs🔥🔥🔥🔥

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Katrina April 30, 2022 - 5:32 pm

They have been aggressive with me. They keep sending me mailers and emails to apply for the platinum card. I truly don’t travel a lot so have not responded. The welcome offers keep getting better and better but I’m not budging 🤣

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Thiago Lima April 30, 2022 - 5:48 pm

Resy offer like 6 months ago was 100k MR points + 15x back at restaurants worldwide for 6 months

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Brian April 30, 2022 - 8:04 pm

Got approved for an Amex gold card recently my credit score was 660

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