The 5 Reasons Why AmEx is losing relevance...To see my essential cards right now go 👉 https://rdguarantee.link/Best-Credit-Cards and Click "Show More" to see Ad Disclosure.
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➔ The Platinum Card® from American Express: https://rdguarantee.link/AmEx-Platinum-Card
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✏️ My Thoughts:
Historically, American Express has been one of the most prestigious credit card providers. They've always been associated with the wealthy American consumer, had a great reputation for customer service, and come with a certain "prestige" factor that other cards don't. Lately, however, things have changed.
AmEx has introduced a whole list of restrictions, credits, and rules that simply make their cards less valuable and user-friendly for the average consumer. This has led to their cards not quite stacking up to competitor's offerings like Chase and Capital One.
Stick around for this in-depth AmEx analysis, in which I evaluate cards like the AmEx Green Card, the AmEx Gold Card, and the Amex Platinum card, discussing the value that they're currently bringing to the table and what the future looks like.
⏰ Timestamps:
0:00 - Intro
1:37 - Problem #1: Competition
4:20 - Problem #2: AmEx Coupon Book
8:04 - Problem #3: Credit Usability
9:57 - Problem #4 & #5: Restrictions
12:09 - Disclaimers
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Capital One:
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
Hertz:
Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.