Around this time last year, many of us had signed up for the American Express Platinum Card under the lucrative Double Rewards promotion. At the time, the welcome bonus was effectively worth almost $1,000 in your pocket!
In my case, the Platinum Card was such a hot deal that I had gotten a whole bunch of househoold members to sign up. Now that the second-year annual fees are about to come due, I’ve been thinking about whether I want to pay another set of the $699 annual fee to keep the Platinum Card open for another year.
In this video, I’ll walk through all of the deals and promotions that I’ve been able to maximize on the Platinum Card over the past year, and show you how I’ve been able to entirely offset the card’s $699 annual fee – in fact, each Platinum Card was effectively paying me to have it!
In the end, I’ll share with you my plans on whether to keep or cancel the Platinum Cards in my household and how I arrived at the decision.
Without further ado, you can watch the video below:
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