This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. What is written in the article is the editor's opinion.
My friend Angie passed this tip along today, and I must say I was very tempted.
You can pick up the Ameriprise Amex Platinum Card with no annual fee the first year.
For those of you who can’t earn the sign-up bonus on an Amex card, the good news here is there isn’t one – so you’re not missing out on anything.
Plus, now is a good time to apply because the $200 annual travel credit will reset in January 2017.
So you essentially get the card free for a year, plus $400 in statement credits ($200 in 2016 and $200 in 2017).
Why the Ameriprise Amex Platinum Card?
And you’ll get 5X Amex Membership Rewards points for airfare.
Angie confirmed she is NOT an Ameriprise client and was instantly approved online today. In fact, she doesn’t have any accounts there.
This is a nice workaround to the once per lifetime rule. You might consider trying for this card if you want to keep lounge access but don’t want to pay another annual fee.
Also, you get $400 to have the card the first year.
There’s also evidence that you can reapply for this card shortly after closing it – just to put that out there.
Finally, I can personally confirm it’s possible to have two Amex Platinum Cards at the same time – in case you don’t want to cancel your existing card before opening this one.
Just the minor ding to your credit score, but that’s temporary.
No one needs two Platinum Cards. But if you’re in limbo, or nearing the annual fee on your existing one, you can get an easy double dip for the $200 travel credit.
To my current knowledge, you can still set United as your preferred airline and purchase gift cards through the MileagePlus X app to trigger the credit.
Mostly, this is an easy way to get free lounge access and an extra $400 worth of stuff in exchange for a hard pull. Just keep an eye on the renewal date, because the $450 annual fee will kick in the 2nd year.
I’m all about easy wins. And this is one if I ever saw it.
Consider the Ameriprise Amex Platinum Card to replace your current Platinum Card when you near renewal. Or if you just want to get the $200 annual travel credit twice in the first year- and free lounge access.
If you’re on the fence like me, you have about a month (I’d apply by mid-December at the latest) to decide.
And, as of today anyway, you don’t need any sort of relationship with Ameriprise to be approved.
Just thought I’d pass along. Feel free to share any data points about recent approvals, your experience with the card, or anything related to the annual travel credit.
I’m also happy to help with questions! <3
BEST Current Credit Card Deals
- Amex Business Platinum Card - 100,000 Amex Membership Rewards points! - If you spend a lot, you can end up with 125,000 points after meeting the spending requirements.
- Chase Ink Cash - $500 CASH! (50,000 Chase Ultimate Rewards points) - Useful 5X for phones and office supplies and NO annual fee! COMPARE HERE.
- Blue Business Plus Amex - 10,000 Amex Membership Rewards points - The BEST card for 2X on everyday spending.
- Discover it® Cashback Match™ Card - $50 after 1st purchase within 3 months of account opening - Earn $600 cashback the 1st year.