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The Platinum Card® from American Express is my #1 recommended card
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Below is a guest post from a Naval dental officer.
In the post below he explains how he obtained 11 Platinum Card® from American Express and how a savvy servicemember could go about obtaining even more. See his strategy below.
I just opened my second Amex Platinum account (The Platinum Card from American Express for 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!
Update 2025: I left the military in 2022 and I still have 6 Amex Platinum cards. The below strategy is a bit outdated. You can now just apply directly for more Amex Platinum cards every 91 days.
One of the greatest perks of being active duty is the generous interpretation of the SCRA from the good folks at American Express.
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 $895. 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 to maximize these benefits.
Each Amex Personal Platinum card pays dividends in the form of annual benefits:
- $600 Annual Hotel Credit: Get up to $300 back in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel using your Platinum Card®. Note that The Hotel Collection requires a minimum two-night stay
- $400 Resy Credit: Get up to $100 back each quarter when you use your Platinum Card for eligible purchases with Resy and at U.S. Resy restaurants. Enrollment required.
- $300 lululemon Credit: Get up to $75 back each quarter for eligible purchases at lululemon in the U.S. (and online) when you use your Platinum Card. Enrollment required.
- $300 Digital Entertainment Credit: Get up to $25 back in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Disney+, a Disney+ bundle, ESPN+, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV when you purchase directly from one or more of the providers. Enrollment required.
- $200 Uber Cash: Platinum Card® Members can get $15 in Uber Cash each month, plus a bonus $20 in December after adding their Card to their Uber account. Use your Uber Cash on rides and orders in the U.S. when you select an Amex Card for your transaction. Enrollment required.
- $120 Uber One Membership Credit: When you use your Platinum Card to pay for an auto-renewing Uber One Membership, you can et up to $120 in statement credits each calendar year. Terms Apply.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to your Platinum Card® Account. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. Enrollment required. See terms & conditions for more details.
- $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. Receive up to $209 in statement credits per calendar year after you pay for your CLEAR Plus Membership (subject to auto-renewal) with the Platinum Card®.
- $120 Global Entry and TSA PreCheck Credit: $120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA PreCheck® official enrollment provider) application fee, when charged to your Platinum Card®! Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Airport Lounge Access: Enjoy the benefits of the Global Lounge Collection, with over $850 of annual value if you visit Centurion Lounges and each of our partner lounges including Delta Sky Club® lounges when flying an eligible Delta flight (subject to visit limitations), select Lufthansa lounges when flying Lufthansa, Plaza Premium lounges and Escape Lounges, and enroll in Priority Pass™ Select. See terms.
- $155 Walmart+ Membership Credit A Walmart+ membership can get you free shipping with no order minimum on eligible items shipped by Walmart. Use your Platinum Card® to pay for a monthly Walmart+ membership (enrollment required, subject to auto-renewal) and receive one statement credit for up to $12.95 (plus applicable taxes. Plus Ups not eligible) each month. Free Shipping excludes most Marketplace items, freight & certain location surcharges. Paramount+ Essential plan only, separate registration required.
- $100 Saks Fifth Avenue Credit, up to $50 semi-annually at Saks Fifth Avenue stores and Saks.com, enrollment required
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 welcome offer for both.
- Co-branded Platinum Cards require relationships to keep open (Schwab and Morgan Stanley)
- There appears to be a 10 card limit to the number of Amex Platinum cards or cards without a preset spending limit you can have, there is a 5 CREDIT card limit.
Strategy:
- 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:
- The Platinum Card® from American Express
- The Business Platinum Card® from American Express
- Open Schwab account with code ‘refer' for $100 free dollars ($1k min) and then apply for AmEx Charles Schwab Platinum
- Open Morgan Stanley Account ($5K min) then apply for AmEx Morgan Stanley Platinum Card
- Apply for Ameriprise Platinum Card Directly without opening an Ameriprise account (No bonus)
- Apply for American Express® Green Card, then Product Change in one year to AMEX Platinum.
- Apply for Biz Gold and Upgrade to Plat in one year
- Apply for American Express® Gold Card, then Product Change in one year
- Apply for Ameriprise Gold Card Directly then product change in one year
Theoretical Unproven Sequences:
- Apply for Morgan Stanley Credit card and PC to another Plat in one year (Have not tried this yet)
- Apply for Charles Schwab Credit card card and PC to another Plat in one year (Have not tried this yet)
- Apply for another Green and Gold after Upgrading and PC in one year
Unicorn Cards:
- Goldman Sachs AmEx Platinum (Been working on this for years)
- 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 Dec | Airline | Saks 6 mo | Total Yr |
| 1 | $15 | $35 | $200 | $50 | $500 |
| 2 | $30 | $70 | $400 | $100 | $1,000 |
| 3 | $45 | $105 | $600 | $150 | $1,500 |
| 4 | $60 | $140 | $800 | $200 | $2,000 |
| 5 | $75 | $175 | $1,000 | $250 | $2,500 |
| 6 | $90 | $210 | $1,200 | $300 | $3,000 |
| 7 | $105 | $245 | $1,400 | $350 | $3,500 |
| 8 | $120 | $280 | $1,600 | $400 | $4,000 |
| 9 | $135 | $315 | $1,800 | $450 | $4,500 |
| 10 | $150 | $350 | $2,000 | $500 | $5,000 |
| 20 | $300 | $700 | $4,000 | $1,000 | $10,000 |
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!
Can confirm, you can have multiples of AMEX cards without having to upgrade.
Correct. I currently have 3 platinums. The first one I did a standard application and was approved. The second one was a gold thati had for over a year and upgraded to a platinum. The third one I had open my browser in incognito mode and apply that way. I got the pop-up saying I wasn’t eligible for the sign up bonus but proceeded with the application and was approved.
Adam, did you get the SUB though?
This is old but still gold. I’m up to 9 Platinums and 3 Aspires while P2 has 9 Platinums and 2 Aspires. The aspires are just as valuable if not more valuable for military to stack. The free stays at Waldorf Astorias can’t be beat. 10 free nights a year if you’re married! For any card(s) in the family of points you’re working with (Membership Rewards, Hilton, Sky Miles, etc.) get all the cards in the family for their welcome bonuses and upgrade as appropriate. To then get more cards simply outright apply every 90 days and you should be approved. Between P2 and I we’ve gotten approved for Platinums outright 6 times times and for Aspires once. No need to get a lower card and wait a year to upgrade. Oh and stack up your United Travel Bank every year with Platinum and Aspire Airline Credits!!!!
I’m currently at 4 Platinums and 2 Aspires while P2 has 2 Platinums and 1 Aspire. Can you please explain how you are able to get 9 Platinums? Are you saying that you just apply for another Amex Plat without any product change and Amex is okay with that?
Yes.
I can’t see a way to apply for another Platinum card while logged into my account. Do you apply for an additional plat card via incognito or do you create a different Amex Userid/account to apply for another plat?
The easiest way to get additional Platinum cards is to upgrade Amex Gold and Amex Green cards to additional Amex Platinum cards. Direct application of a card that you already have it probably going to be denied based on Social Security Number (SSN) and creating different user ID accounts won’t help.
As I said above it does not get denied. You can do it every 3 months, applying outright. THAT is the best way and fastest way to get multiple platinum. P2 and I have 19 Platinums, 1 Gold (Keeping), and 7 Aspires now.
Spencer,
First off love your stuff and appreciate your dedication to the community. I already have a platinum express card (for about 5 months) and after reading your material realized that the platinum Schwab is better for my situation and that why not have both! I went to open up a platinum Schwab card but was denied because I already have a platinum express card… Do I need to wait until i hit the “year mark before applying for the Schwab express” or would you recommend cancelling the current card, applying for Schwab and then upgrading gold cards as you suggest. Thank you in advance!
Thanks David. Can you elaborate on the denial for the Amex Platinum Schwab card? You should be able to open both as they are separate products. You may need to wait for a few more weeks between applications. What’s your credit score? That will have an impact too on whether you’re approved or not.
Thanks for the quick reply! Credit score is in the 750 range, but it just got hit since we are refinancing our home. I am also still within the 6 month sign up bonus for the first platinum express. I signed up for the Schwab platinum express card online and received the dreaded “your application is pending further review.” I went to the online approval status AMEX provides and it was not listed. I then called AMEX and the rep told me that i already have a platinum express card so am not eligible and would have to cancel my first one and then reapply. I knew it sounded fishy so I came here.
I’m going to do some further research on this David. Amex may have changed their policies. Schwab Platinum used to be a different product than the Amex Platinum but maybe they changed their policies recently.
I will try again in a month or two. Regardless, I will keep you updated to anything I find as well! Thank you
Definitely not right. My wife and I both have 9 Platinum cards, 7 regular, 1 Charles, 1 Morgan Stanley. Can outright apply to new cards (including additional platinums) every 90 days. No need to do the gold / green and upgrade over and over once you get those welcome bonuses. Either way hope you were able to get the Schwab card without cancelling your platinum.
Any chance you can recreate and update this entire blog post?
Just a general housekeeping suggestion- the Flyertalk links you have are all DPs for 2011-2019, and they’ve created new ones for each airline in new running pages for the 2020s.
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.
Yes, I’ve done this my self. 6 Platinums for me at the moment.
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?
Thanks.
Yes you can upgrade an AMEX Green or Gold to another Platinum. You need to move the card to another AmericanExpress.com 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.
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?
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.
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.
Does AMEX refund all prior annual fees paid (when not under SCRA/MLA) when you are activated for Active Duty?
Not sure, I think they will only refund fees charged while on active duty. Try it and let me know!
So only 5 of the can be credit card right? The rest must be charged cards
Yes, AMEX has a five credit card limit, but unlimited charge cards (like the Platinum card).
Anyone know if AMEX will waive the second user fee ($175) on this SCRA deal?
Yes, it’s waived for military and military spouses.
How do you set up separate log in for multiple platinum cards?
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.
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?
If you self refer? All Membership Reward points are aggregated across logins, so it’s all in the same pool of points.
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!
Awesome info, thanks for sharing!
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.
Why apply business platinum before co- brands’? The threshold of spending 10k is much higher than others.
I was thinking the same thing…
I just opened a regular account with Charles Schwab. How soon can I apply for an Amex Platinum?
You should be good to apply after 48 hours. Let us know if it worked.
I heard that MLA/SCRA benefits did not apply to business cards. Are you paying the annual fee?
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.
Spencer,
Great info as always, thank you! Just a quick update to your comment, Amex no longer waives the business card annual fees under MLA for any new applicants. Folks who don’t pay their annual fee on their business cards will continue to be grandfathered though.
Yes, that’s correct as of January 2020.
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?
All active at the same time.
I’ve turned my attention to the Goldman Sachs one as well. A tough nut to crack!
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.
I just did this exact same thing as well.
Does Schwab waive annual fee for Schwab Amex Platinum for military?
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.
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?
I have no DPs but it sounds like a thing based on the Reddit threads. Give it a shot!
While not yet mentioned, changes to MLA might affect MSers and Churners. https://www.npr.org/2018/08/13/637992389/white-house-takes-aim-at-financial-protections-for-military?utm_source=facebook.com&utm_medium=social&utm_campaign=politics&utm_term=nprnews&utm_content=20180813
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.
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.