Last year, I was approved for The Platinum Card from American Express for Ameriprise Financial clients. The terms were excellent – 25,000 Membership Reward points and no annual fee for the first year. This was a great deal because I received all of the benefits of the Platinum American Express card (such as lounge access, Global Entry, and $200 reimbursement for airline incidentals), without having to pay the $450 fee for the first year. When it came time for renewal – and payment of the $450 fee, I decided to cancel the card.
The current terms for new applications for the Ameriprise Platinum American Express card are essentially the same as when I previously applied except there is currently no sign-up bonus. Most attractive is this: $0 introductory annual fee for the first year! (In addition, a cardholder can earn 5,000 additional Membership Rewards points for every $20,000 in eligible spending, up to 30,000 additional Membership Rewards points annually).
So, what’s so special you ask? Free airport lounge access, $200 Airline fee credit, up to 3 authorized users for free the first year, and Global Entry, among other things.
The rule for personal (not business) American Express cards, is that you can only get a bonus for a particular card once in a lifetime. Would American Express allow me to apply for the card a second time? However, as I saw it, I was not looking for a sign-up bonus. Rather, I was only looking for the traditional terms of the card, which includes waiver of the first year annual fee. I read this thread in Flyertalk and thought I’d give it a shot.
And so, a few months after canceling my first Ameriprise Platinum American Express card, I got lonely without a platinum card in my wallet. I decided to apply again.
And my application was instantly approved!
(Note: I do not have a financial relationship with American Express, and I do not earn any fees or commissions from them).
Disclosure: I may receive compensation for some of the links on this blog, including certain credit card offers and other products displayed on this website. You don’t have to use these links, but I am grateful to you if you do. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners.