How This Sailor and His Wife Acquired 11 AMEX Platinum Cards

See why the AMEX Platinum is my top recommended military credit card.
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Below is a guest post from “Derp,” a Naval officer.” Check out his site for funny and interesting observations on the world of credit card rewards.

In the post below Derp explains how he obtained 11 AMEX Personal Platinums and how a savvy servicemember could go about obtaining even more. See his strategy below.

I just opened my second AMEX Platinum account (Charles Schwab) and will be working on more in the future! Since I am stationed OCONUS I try to send a free dinner to a friend or family member back home once a month. Can't let those credits go to waste!

One of the greatest perks of being active duty is the generous interpretation of the SCRA from the good folks at American Express. They are not obligated to waive the $550 annual fee on their AmEx Personal Platinum charge card, but they have been doing for many years.

I can only assume they do this because they make money on the backend, on retailers that take AmEx. With more card members spread across thew world, this waiver is the cheapest PR they are going to get when every service-members has one of these in their pockets for no annual fee.

I also like to think that the majority of AmEx Platinum holders do not take advantage of any of their benefits and pay the $550. Where just the savvy few actually maximize these things on an annual basis.

We are also some of the most financially responsible members of the workforce seeing how we would lose our security clearance if our credit score started to dip. This post is to outline the many approaches to getting multiple Personal Platinum and Biz Cards to maximize these benefits.

Each AmEx Personal Platinum card pays dividends in the form of these annual benefits:

  1. $200 in Uber Credits (good for rides and uber eats) paid in the form of $15 each month (with a $20 extra bonus in December) into the Uber account the AmEx card is added to. I added all of my 11 personal cards to my wife's Uber account so she sees a credit of $165 on the first of each month ($385 in December). This credit must be used by midnight Hawaii time at the end of the month or will be lost.
  1. $200 in flight fee reimbursements for an airline of your choosing. This resets every 01 January, which means if you get a new card in November, you can hit the benefit again in January. I use all 11 of mine for $2,200 in AA gift cards, some people use it for Delta or Southwest gift cards. The current airlines and what AmEx pays for are found here: AA Thread, AS Thread, B6 Thread, DL Thread, HA Thread, UA Thread, WN Thread
  1. $100 at Saks 5th Avenue payable in a $50 credit from January to June and another $50 from July to December. This credit expires at the end of each period and does not require any minimum spend.
  2. $100 for global entry which presumably should only be used every 5 years for yourself, but some reports of any charge of $100 for any application will be covered without any limitation (try at your own risk). I would just use one $100 credit per card per 5 years.

Each AmEx Business Platinum card has only the $200 in airline fee reimbursements among other things such as the 35% points back which we have discussed on other posts.

Rules of the game:

  • AmEx has a lifetime (de facto 7 year rule) limitation on bonuses to be paid for a new product. If you ever got the bonus for getting a card at any time in your life they will NEVER pay that bonus again.
  • You can't apply for a product you already have. If you have a Green AmEx, they won't give you another green AmEx or if you have one personal Plat, you can't apply for another.
  • You can only product change after one year of having the card to another card you have
  • Co-Branded cards are considered separate products. the Morgan Stanley Platinum Card is not the same as the Charles Schwab Platinum Card. You can get the sign up benefit for both.
  • Your annual fee will get waived for AD and reservists, but if you are in a state that doesn't have common property rules your non active duty spouse may not get a waiver.
  • Some co-branded Platinum Cards require relationships to keep open (Schwab and Morgan Stanley, but not Ameriprise)
  • There appears to be no limit to how many CHARGE cards you can have, there is a 5 CREDIT card limit.
  • Buying only gift cards and paying with multiple accounts is suspicious for bust out fraud, so don't try it!


  • Always get the highest product first, then the lower compatible product to product change in the future.
  • DO NOT product change to a product you haven't gotten yet
  • Go slow and make sure you hit the minimum spend for the bonuses, it will take many years to get to where I am now
  • Have a plan lined up and stick with it!

Best Practices Sequence:

  1. AmEx Platinum
  2. AMEX Business Platinum
  3. Open Schwab account with code ‘refer' for $100 free dollars ($1k min) and then apply for AmEx Charles Schwab Platinum
  4. Open Morgan Stanley Account ($5K min) then apply for AmEx Morgan Stanley Platinum Card
  5. Apply for Ameriprise Platinum Card Directly without opening an Ameriprise account (No bonus)
  6. Apply for AmEx Green, then Product Change in one year to AMEX Platinum.
  7. Apply for Biz Gold and Upgrade to Plat in one year
  8. Apply for AMEX Gold, then Product Change in one year
  9. Apply for Ameriprise Gold Card Directly then product change in one year

Theoretical Unproven Sequences:

  1. Apply for Morgan Stanley Credit card and PC to another Plat in one year (Have not tried this yet)
  2. Apply for Charles Schwab Credit card card and PC to another Plat in one year (Have not tried this yet)
  3. Apply for another Green and Gold after Upgrading and PC in one year

Unicorn Cards:

  1. Goldman Sachs AmEx Platinum (Been working on this for years)
  2. Mercedes-Benz Platinum (Discontinued March 2018)

Predicting how much free money you need

I asked my O-6 select friend what he thought the number of cards you need are and he said “infinite”. However I am framing this in the terms of maintenance, as each card requires time investment to maximize the benefit. Otherwise the effort will be for a benefit you have no time to use. Using the below chart you can see how many cards you will need to fit your lifestyle:

# of Plats$ Uber/ Mo$ Uber DecAirlineSaks 6 moTotal Yr

Take your time, it took me 5 years to have 11 Personal and 3 Business between my wife and myself.


How many Platinum cards do you have? Click here to read about all the free benefits you can get with an AMEX Platinum card if you're in the military. It would sure be nice to have $150+ of free Uber rides every month!

AMEX Platinum With NO Annual Fees for US Military

Military servicemembers and spouses can get the American Express Platinum card with NO annual fees.

Learn how to apply for the AMEX Platinum Military.

The AMEX Platinum offers:

  • $550 Annual Fee WAIVED for US Military (and spouses)!
  • Earn 60,000 Membership Rewards Points with $5000 spend in 3 month
  • $200 credit for Uber rides (or Uber Eats!) annually
  • $200 airline fee credit
  • Centurion Lounge and Priority Pass Airport Lounge Access
  • NO foreign transaction fees

These benefits make the AMEX Platinum my top recommend card.

If you already have an AMEX Platinum card, check out the other AMEX cards, Chase military credit cards, and this month's top recommended credit card bonuses, most with no annual fees for US military personnel.

Military Money Manual has partnered with CardRatings for our coverage of credit card products. Military Money Manual and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Comments (36)
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  • A

    Is it possible to upgrade from green/gold to plat, get new green/gold, and after another year, upgrade again? In other words, can you upgrade once a year every year? Not asking about bonus points.

    • Spencer

      Yes, I’ve done this my self. 6 Platinums for me at the moment.

  • Sand

    is it possible to upgrade a green or a gold card to a regular amex plat card even if you already have one? If so, should you call in for the upgrade or wait for it to appear in your offers?


    • Spencer

      Yes you can upgrade an AMEX Green or Gold to another Platinum. You need to move the card to another login to get the offer.

      You just need a separate AMEX login username, like if john1 is your primary, make a new account john2. You can use the same email and password.

      Go to your john1 account, find the card you want to remove (AMEX Green or Gold) and go to account or card services, card management and remove from online management.

      Log out of john1, login or create john2, and add the card you just removed card to john2. You should be able to upgrade to another Platinum within a few hours or instantly. You can then add the newly upgraded card back to your main john1 account.

      You need to hold the AMEX Platinum for 1 year before it’s eligible for upgrade.

      I use the same email for all accounts.

      Once the account is upgraded you can apply for another Green or Gold card, since you no longer have that account type open. However you will not be eligible for the bonus again for 7 years. Or if you find an offer without a lifetime bonus in the terms and conditions, you may be able to get around the 7 year restrictions.

  • Jeff

    Under the strategy section it advises us to “go slowly.” Why? What is considered slow ( In regard to AMEX cards)? I’d like to build my credit card profile making sure to apply for cards w/in an acceptable time range from the last application. Is there a tried and true rhythm to it?

  • Jean Hidalgo

    I am in the National Guard. I went for BOLC and was considered active duty to SCRA for my Amex Platinum, Marriot Bonvoy personal, and business. When I went back to my unit, they still have not charged me any Annual Fees for my cards. I applied for the Amex Gold recently and they charged me the annual fee. Im afraid to call them to have it reviewed because I feel like they are giving me a pass with my other credit cards and I do not want mess with my other cards. I was wondering if you or anyone you know that is in the Guard know the rules for Guard/Reserve soldiers.

    • Spencer

      Yeah, I would not press this one. If you are receiving the fee waiver on the AMEX Platinum, Bonvoy Brilliant, and Bonvoy Business, I would just close the AMEX Gold card if you are not comfortable paying the annual fee. However, if you are planning on receiving active duty orders soon, keep the card open and they will refund all annual fees paid once you are eligible for SCRA protections. It can be worth paying the annual fees for a few years if you think you will get active duty orders for greater than 30 days in the next few years.

  • chris hong

    So only 5 of the can be credit card right? The rest must be charged cards

    • Spencer

      Yes, AMEX has a five credit card limit, but unlimited charge cards (like the Platinum card).

  • Erich

    Anyone know if AMEX will waive the second user fee ($175) on this SCRA deal?

    • Spencer

      Yes, it’s waived for military and military spouses.

  • Sand

    How do you set up separate log in for multiple platinum cards?

    • Spencer

      You can keep all your AMEX Platinum cards on one login, you don’t need separate ones. If you are talking about keeping AMEX Gold or AMEX Green on a separate login, just create a different login when you get the card and open an online account. If you have already added the card to your main account, you can drop the card from the account by going to Account Services – Card Management on the left menu – “Remove card from Online Management.” Then you can add the card back to a new AMEX account.

      • Mike

        Simple followup. Say you do this, and you successfully get the 15000 points, will they be kept separate from your main pool of points considering it’s under a different login?

        • Spencer

          If you self refer? All Membership Reward points are aggregated across logins, so it’s all in the same pool of points.

  • Jeremy

    Just to update this post my current progress and the issues that I’ve stumbled across so others don’t have to deal with it.

    Current cards without issue:
    AmEx Platinum
    AmEx Charles Schwab Platinum
    AmEx Gold (Might actually keep the card, its got some great perks)

    AmEx Biz Platinum
    AmEx Gold Biz (Will upgrade)
    AmEx Green (Will upgrade)

    The cards I ran into issue with:
    AmEx Morgan Stanley Platinum Card
    -This is less of an issue and more of a warning if you plan on keeping this card and don’t want to keep your CS account. Many individuals would create an account (you have 90 days to fund it) become eligible for the Amex plat and never actually fund their account.

    From the many hours of reading it appears that Amex has been aggressive in closing these cobranded cards when you no longer have a qualifying account with that partner. So be weary of this.

    Ameriprise Platinum Card
    – So there’s been reporting of this and it actually happened to me. If you have the regular Amex plat personal card (vanilla), you are now not eligible for the Ameriprise card. The system would just not let the request go through and would cancel it. I tried to get this overridden by Amex but they had no clue and said I’d likely have to apply through Ameriprise (although I don’t know if that would help).

    Just thought I’d share my experience with you!

    • Spencer

      Awesome info, thanks for sharing!

  • Eli

    This was the best guide on the internet. I’m now up to 7 Plats and will be at 11 by the end of the year.

  • Norman

    Why apply business platinum before co- brands’? The threshold of spending 10k is much higher than others.

    • Jeff

      I was thinking the same thing…

  • Vanessa

    I just opened a regular account with Charles Schwab. How soon can I apply for an Amex Platinum?

    • Spencer

      You should be good to apply after 48 hours. Let us know if it worked.

  • Easy-E

    I heard that MLA/SCRA benefits did not apply to business cards. Are you paying the annual fee?

    • Spencer

      Chase does NOT waive business card annual fees. They do waive personal card annual fees under MLA.

      AMEX DOES waive business card annual fees under SCRA.

  • John

    So just to confirm all of these accounts are active at the same time correct? your not cancelling each one before applying for the next? Or are you?

    • Spencer

      All active at the same time.

  • Andy

    I confirm that the following also works:

    I applied for the AmEx Hilton Aspire and the Ascend cards. I upgraded the Ascend to the Aspire after 9 months.

    • Andy

      I just did this exact same thing as well.

  • Steve

    Does Schwab waive annual fee for Schwab Amex Platinum for military?

    • Spencer

      Yes, I can confirm this. The American Express Platinum Card from Charles Schwab waives the annual fee for military. Plus it usually has a welcome bonus of 60000 MR points.

  • Anonymous

    I recently read on Reddit r/MilitaryMS that you do not need to wait 1 year to PC business cards to Platinums. Do you have any other DPs on that strategy?

    • Spencer

      I have no DPs but it sounds like a thing based on the Reddit threads. Give it a shot!

    • Spencer

      Thanks for the info. More weakening of military consumer protections by the current administration. Thanks to the SCRA though I think military churners will still do alright and we’ll have plenty of warning if things change.

  • Joe

    Different people probably have different feelings on this. Some will say the company offers the benefit I’ll accept it. Others will say this clearly isn’t the intent of the benefit and is going way to far.

    We’ll see if this gravy train keeps on running costing amex some significant cash.