Posted by Chuck on February 6, 2019
Credit Cards

Published on February 6th, 2019 | by Chuck

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Ameriprise Version of American Express Platinum Loses First Year Annual-Fee Waiver, Comes with 60,000 Bonus & $550 Fee

Overnight, the Ameriprise Financial version of the American Express Platinum card changed its signup offer from the first year annual fee waiver to the standard 60k Platinum bonus. The no-fee offer is still showing on the Ameriprise site at time of this writing, but the link errors out. The card application link on Amex’s own site shows the new offer.

Previously, the card came usually with no signup bonus points at all, but had the benefit of a waived annual fee the first year. That’s a $550 savings. More importantly, some people liked to ‘churn’ the card: while points bonuses are limited to once-per-lifetime, the annual fee waiver worked time and again.

The new signup bonus is the standard bonus on all Amex Platinum cards which is 60,000 Membership Rewards points after $5,000 in spend during the first three months. But the card does have the $550 annual fee, even for the first year.

It’s not all bad: signup bonus seekers are always looking for new flavors of the Amex Platinum card since each one traditionally gets it’s own signup bonus. Overall, it’s certainly bad news for people who were churning this multiple times, but for a first-timer the new offer may actually be better.

Hat tip to r/churning members who discovered this and to Frequentmiler who posted about this as well.

Follow up postCan I Get the Signup Bonus on Ameriprise Platinum Card if I Already had the Card without a Bonus?

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Kwok Fung
Kwok Fung

I guess the bonus comes with the life time limit. Sad day for churners, myself included!

Masta Churna
Masta Churna

This one hurts.

Larry
Larry

And they discontinued the free authorized users for the first year as well. Dammit, I was churning this with my wife and two children. Was gonna apply in May when her AF came up. This one really hurts.

BTW, the link mentioned above now shows the 60,000 bonus

Rob
Rob

Anyone know if you’re eligible for the bonus if you’ve had the card before? Technically we haven’t received a sign up bonus.

Heartlanta
Heartlanta

Unfortunately you won’t be eligible. Unlike Chase, the Amex anti-churning language does not state anything about receiving a bonus, only having the card.

max
max

Phew, I literally just got approved for this 2 days ago.

Thom
Thom

Woot! Me too! And when I say me, I mean my wife. Two player mode FTW.

Rachel
Rachel

Ugh I was juuuust about to apply for it. Knew I shouldn’t have waffled and just done it over the weekend like planned. Win some, lose some.

frogger
frogger

My wife has the card until September and I planned on getting it again then. If I had advanced warning I would have gotten it again.

TCW
TCW

Same. Really bummed. When I first learned about the opportunity a week or so ago, I thought it sounded too good to be true and couldn’t last. And shame on me for not realizing how true that was and jumping on it immediately. But the opportunity had been there for years, so it would have been hard to foresee it getting killed so suddenly. As you said, win some, lose some.

dan
dan

not surprised a bit with no warning, as amex has recently been strict on cutting costs or issuing bonuses even denying bonus to some folks w/o specific proof / claim

Debit
Debit

Why?

You can still get it and get 60k mr points. If you have never had this card.

The loss is to the churners.

Shm
Shm

Can I get bonus for this card if I have/had the regular platinum?

Brian
Brian

Yes, it’s a different product.

Shm
Shm

Thanks

Bubbleheadbee

Ameriprise site now shows the updated offer

COBOLCODERUSEALLCAPS
COBOLCODERUSEALLCAPS

I recall reading on reddit that people were abusing this card to access the Centurion Lounge with their family.

dan
dan

the centurion lounges should considerably get thin out next yr.

frogger
frogger

How is that abusing the card?

Quango
Quango

free au plat card can bring 2 more

Thom
Thom

Is that still a thing? I got it 2 days before it closed, doesn’t look like I can add an AU w/o the fee.

Yoni
Yoni

Technically you should be able to, wait till you get your printed T&C should be good for 12 mo’s based on CARD act 2009, but then again depending on how much you and upto 3 AUs fly – might still be worth the $175 for the PP.

frogger
frogger

I guess after this year I will never see the inside of a Centurion lounge again.

P
P

It’s not really good news for people who have never had the card before either if you get the ineligible pop up anyway which has been happening on other Amex cards.

dan
dan

true; any rate folks who haven’t had before should wait til near EOY to apply

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Understand while some people are annoyed, however this is good for me. Haven’t signed up yet for it so looking forward to getting another SUB.

TheMonkeyTech
TheMonkeyTech

and another one bites the dust….

This was a profitable churn with all the benefits. I was expecting them to build in an ameriprise customer validation tool eventually instead of this…

beat2def
beat2def

I’ll apply in December. I haven’t had the card yet. 🙂

Lantean
Lantean

Do I need to have any kind of Ameriprise affiliation?

William Charles

No

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