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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).
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.