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Old 19.10.2019, 18:20
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American Express (AMEX) Platinum card

Anyone who has been holding AMEX platinum card in Switzerland? Appreciate your sharing the experience and whether worth for the annual fee (1st year CHF 425 and subsequent year CHF 850). The benefit associated with the card seems generous, would like to understand real experience enjoy the benefit.
Thanks in advance.
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Old 20.01.2020, 11:52
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Re: American Express (AMEX) Platinum card

Depends on your use, really. I have one and like it. Some of the reasons are tangible and you can put a monetary value on it and some you cannot.

It saves me a ton of money on rental car insurance(I rent may be 4-5 times a month at about 40 CHF per rental). I also like the travel insurance that comes with it, which saves me from buying a separate policy(about 100 CHF). Then again, there must be credit cards out there with cheaper fees which can give you the same perks.

The biggest perk, which makes me love the card, is the concierge service. I have managed to get some hard to get event tickets and last minute reservations at top restaurants. Last year, due to a snow storm, I was going to be stuck for 2 days in Colorado but the concierge found me a way out and also managed to get my hotel in Houston to amend a prepaid reservation with no additional charges. Again,this is subjective and if you are someone who plans ahead of time or have an assistant then might not be of much value.

The lounge access is nice but most of the time I use the airline lounges except in the US where the Amex centurion lounges are far nicer.

There is also a travel service which is nice but again if you are reasonably adept at online booking you can do it yourself. You also get a bunch of elite statuses with hotel chains and rental car companies which are nice but nothing special.

Oh, also, you do get 1 point per chf spent which you can then convert to award miles on most airlines which is nice. It gets me a return economy ticket on an intercontinental flight once a year.
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Old 20.01.2020, 14:48
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Re: American Express (AMEX) Platinum card

As a counterpoint, as someone who didn't use the benefits, the Amex Platinum was a huge waste of money for me. I "downgraded" to the Amex/Air France card which allows me to continue to accrue points/miles. I have airline lounge access via my UBS Visa card and airline cards. I have travel insurance via my bank. And I never used the concierge service in ten years, so that benefit was wasted on me.

Basically, you need to work out if you'll actually use the services on offer or not, and make the value determination accordingly.
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