Saturday, December 14, 2013

Amex Platinum Downgrades its Benefits, Offers Compensation to Some- I Got a Rock.

Word has recently spread through the points and miles community that Amex Platinum was losing the benefit of access to American and United Airlines lounges.  Lucky covered it here.  Well, the long and short of it is that Amex has been offering various amounts of "compensation" to affected cardholders, from $200 to $500 statement credits.  At least, that was what was offered in the first round of e-mails.  Yesterday, I received my notification.  Here's what they told me:

Changes to the Airport Club Access Program
As of March 22, 2014, Business Platinum Card® Members will no longer receive complimentary access to American Airlines Admirals Club and US Airways® Club locations. Your other Airport Club Access benefits remain unchanged at participating airport clubs, including:

Delta Sky Club®1

Priority Pass™ Select2 at 600 airport lounges worldwide, enroll now

Airspace Lounges™3
We realize this is an inconvenience to you and your business, so we would like to remind you about the $200 Airline Fee Credit4 benefit.* You may receive up to $200 a year in statement credits when incidental fees, such as baggage fees, flight-change fees, in-flight food, and beverages are charged by the airline to your Business Platinum Card. If you haven’t already done so, enroll and select a qualifying airline. Every January, you have the option to update your airline selection.

Yep, I got a rock.  Thanks, Amex.  Thanks a lot for taking away a benefit and "easing the sting" by reminding me about a benefit that I already had.  This is definitely a net loss in value for the card and I plan to downgrade as soon as the new year rolls around.

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