It’s The Best Time Of The Year To Get The Amex Platinum Card. Triple Dip The Credits!

Sam - Dec 12, 2023 Credit Card Info1 comment

This time of the year is the best time to get card_name or card_name as you can triple dip the annual credit while only paying the annual fee once.

Here is how

Once the annual fee is charged to your card, you have 30 days from when the next billing cycle ends to cancel the card, and not have to pay the annual fee.

This makes the beginning of December the best time of the year to apply for a Platinum card.

Applicants that apply now can earn a total of $600 in airline incidental fee credits, while only paying the annual fee once.

Here is how:

Earn $200 from now till January 2024
Earn $200 from January 2024 till January 2025
Mid-December (2024), you will be charged the second annual fee
Collect $200 in January 2025
Cancel the card mid-January (2025) to avoid paying the second annual fee!

Because you have 30 days (after you’re billed) to cancel the card, you can still collect $200 in January 2025.

The same thing will be true with the $400 Dell credit. If you apply today for card_name you can maximize a total of $800 worth of Dell credits while only paying the annual fee once!

Here is how:

Earn $200 from today till the end of December 2023
Earn $200 from January till June 2024
Collect $200 from June till the end of December 2024
Final $200 in January 2025, before you cancel the card

The same is for the $189 Clear credit. The credit is per calendar year. If you apply today for card_name you can maximize a total of $567 worth of Clear credits, triple dipped.

Here is how:

$189 from now till the end of December 2023
$189 Clear credit in 2024
Get $189 again in 2025 (sign up a spouse or friend)

You can also play it the other way around:

Use one $189 Clear credit now till the end of December 2023 to sign up a spouse or friend
Get another $189 Clear credit in 2024 for you
Get $189 again in 2025 for your second year of Clear

The same will be with the $50 Saks Fifth credit on card_name:

Earn $50 from today till the end of December 2023
Earn $50 from January till June 2024
Collect $50 from June till the end of December 2024
Final $50 in January 2025, before you cancel the card.

Great welcome bonus

The welcome bonus on the card_name is currently pretty good; earn 150,000 points after spending $15,000 within the first 3 months.

The card_name has a decent welcome bonus; earn 80,000 points after spending $8,000 within the first 6 months.

Summary

All this should make today the perfect time to get an Amex Platinum card. You triple the annual credits! Plus, get a good welcome bonus!

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Amex Platinum Business remove

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Amex Platinum remove

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Amex Platinum Schwab remove

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Morgan Stanley Platinum remove

Card Details

Welcome Bonus

Amex Platinum Business Select card

Earn 150,000 points after spending $15,000 within the first 3 months.

Amex Platinum Select card

Earn 150,000 points after spending $8,000 within the first 6 months (terms apply).

Amex Platinum Schwab Select card

Earn 80,000 points after spending $8,000 within the first 6 months (terms apply).

Morgan Stanley Platinum Select card

Earn 80,000 points after spending $8,000 within the first 6 months (terms apply).

Annual Fee

Amex Platinum Business Select card

$695

Amex Platinum Select card

$695

Amex Platinum Schwab Select card

$695

Morgan Stanley Platinum Select card

$695

Rewards

Amex Platinum Business Select card

– 5 points on flights and prepaid hotels booked on Amex travel
– 1.5 points on credit card swipes totaling $5,000 or more and for swipes at US construction material and hardware suppliers, electronic goods retailers, software and cloud system providers, and shipping providers.
– 1 point everywhere else

Amex Platinum Select card

– 5 points on flights booked directly with airlines and Amex Travel on the first $500,000 you spend within a calendar year
– 5 points on prepaid hotels booked directly with Amex Travel
– 1 point on other eligible purchases

Amex Platinum Schwab Select card

– 5 points on flights and hotels booked directly with airlines or amextravel.com on up to $500,000 annually
– 1 point on all purchases

Morgan Stanley Platinum Select card

Benefits

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Frequently asked questions

Do Amex airline and Dell credit reimbursements for spend in 2022, that posts in 2023, count as 2022 credits?

It goes based on the date it posts, so it's 2023

For the Amex Platinum Business 35% reimbursement for tickets, do I need to first book with the full amount and then I get refunded, or will they deduct 35% at checkout?

You need to have the full amount of points available to book and you will later get back 35% of your points

Is the 35% points back on flights only on the Amex Business Platinum card or also the Amex Platinum personal card?

Only on the Amex Business Platinum

The Amex Business Platinum 35% back on airline tickets, is the 1 million points max per Business Platinum card, or per Membership Rewards account?

It's per Membership Rewards account

Was this article helpful?

Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

1 Comment

Dovid 2 years ago

Any NLL links pulling 150k?

0 like Reply

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It’s The Best Time Of The Year To Get The Amex Platinum Card. Triple Dip The Credits!

Here is how

Great welcome bonus