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TPG reader Rob tweeted me this week asking about a certain benefit of his Platinum Card from American Express:
“@thepointsguy can I use my Platinum Card Global Entry benefit to pay for someone else’s application? Amex will just see a $100 charge, right?”
Yes, you are 100% right. The good thing about the Global Entry benefit of the Platinum Card is that American Express will look at your statement, see the charge from Global Entry and issue you a statement credit first $100. They don’t actually double check to make sure that its you that applied for the service, they just simply see the charge and refund it.
If you do get the Platinum Card, which now has an increased sign up bonus of 40,000 Membership Rewards points when you spend $3,000 in the first 3 months, that sign-up bonus alone plus all the other perks of the card totally make the $450 annual fee worth it in my opinion, at least for the first year. Some people have reported seeing a 100,000-point sign up bonus through the Card Match Tool or in the mail, so be sure to check any offers that come your way first before applying for the card.
The American Express Platinum card can be a huge value if you know how to leverage each and every one of the perks. For example, I added TPG Managing Editor Eric and Director of Ops Kate as additional cardholders on my account as well as my dad for his Father’s Day present. The beauty of the Global Entry benefit is that you will also get the $100 refund for each additional cardholder who signs up for Global Entry and pays for it using their card. So since it only cost you $175 to get up to 3 additional cards on your account and each of those additional cardholders can get their own Global Entry reimbursement, you’ve already gotten $300 in value out of a $175 fee. Plus each additional cardholder will get many of the benefits that the primary cardholder. The $200 annual airline rebate is total over all your cards, though, not per card, so additional cardholders’ charges will come out of the primary cardholder’s rebate.
Some additional benefits of the card include automatic Starwood Gold status and access to the Fine Hotels and Resorts Program. Even though US Airways and American Airlines will be pulling out of the Platinum Card lounge access program soon, you will still be able to access Delta lounges an get Priority Pass Select so there is still is a lot of value to be had from these amazing perks. You can read about all the benefits of the card here.
The Platinum Card® from American Express
|Intro APR||Regular APR||Annual Fee||Balance Transfer||Credit Rating|
|N/A||N/A||$450||See Terms||Excellent Credit|