Discussion
oyster said:
The problem with the insurance is that you have to use Amex to be covered, and if you don't use Amex you need evidence that the supplier doesn't take Amex.
So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
In many cases, its probably not worth it at that rate. Did you ask the Amex platinum people how much the holiday would cost booked through them?So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
Also if the alternative is paying by VISA and that has, say, a 2% fee, the cost of the insurance is halved. Still pricey granted
swerni said:
oyster said:
The problem with the insurance is that you have to use Amex to be covered, and if you don't use Amex you need evidence that the supplier doesn't take Amex.
So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
Insured for what exactly?So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
JPJPJP said:
oyster said:
The problem with the insurance is that you have to use Amex to be covered, and if you don't use Amex you need evidence that the supplier doesn't take Amex.
So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
In many cases, its probably not worth it at that rate. Did you ask the Amex platinum people how much the holiday would cost booked through them?So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
Also if the alternative is paying by VISA and that has, say, a 2% fee, the cost of the insurance is halved. Still pricey granted
oyster said:
The problem with the insurance is that you have to use Amex to be covered, and if you don't use Amex you need evidence that the supplier doesn't take Amex.
So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
If you book the holiday thru Amex travel you will not have to pay the %.So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
swerni said:
bad company said:
oyster said:
The problem with the insurance is that you have to use Amex to be covered, and if you don't use Amex you need evidence that the supplier doesn't take Amex.
So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
If you book the holiday thru Amex travel you will not have to pay the %.So, recently I looked at purchasing a holiday which priced out at £6k. They took Amex but charged a fee of 4% for doing so and no fee for paying by debit card.
So to be insured for 1 trip by Amex would cost me £240. (well £210 if you deduct the value of the MR points)
Is that worth it?
More to the point, I shouldn't have to restrict all my travel to booking through Amex.
swerni said:
I did think about cancelling mine but I'm travelling most weeks now.
Company pays the flights and I use the Amex card for the hotels.
The medical and repatriation bit is quite good.
I do find it confusing that, in the current market, they are reducing the service and increasing the costs.
Which means your flights aren't covered by Amex insurance.Company pays the flights and I use the Amex card for the hotels.
The medical and repatriation bit is quite good.
I do find it confusing that, in the current market, they are reducing the service and increasing the costs.
Has anyone actually claimed any rewards through MR? I did look at transferring points to the travel shop, but the exchange rates are dreadful and wouldn't really recommend it.
I'm fortunate to have 100k+ in MR points, and looks like if I redeem for shopping vouchers can get about £500, but does anyone know what the best way to redeem is? i.e. more value by transferring to an airline reward scheme, getting highstreet vouchers/experiences etc?
I'm fortunate to have 100k+ in MR points, and looks like if I redeem for shopping vouchers can get about £500, but does anyone know what the best way to redeem is? i.e. more value by transferring to an airline reward scheme, getting highstreet vouchers/experiences etc?
bad company said:
z4chris99 said:
it's 1800 and you have to be "asked"
Our Amex travel advisor mentioned it and said he could organise an invitation. I bauled at the £1800 but wonder what goodies you get for the extra £1350 (difference between Centurion and Platinum cost)?My conversation came about when an agent mentioned I'd run Platinum for a dozen years, and I was considered a fairly loyal but consistent spender. There is also the Initiation fee.
The things I miss on Platinum from say seven, eight years back were the free upgrades across the cabin classes on Delta, UA and a few others. That was worth the fee. If you travel frequently then of course all the programmes that link you into Hertz, Hilton, Marriott etc status, that in turn you can link to your Airmile/Avios or whatever programmes, well these just become exponential in accrual. I figured at one point every Amex pound spent was building up to something like 5 AirMiles all in, and keeping me enough for a couple of business class transatlantic tickets every two quarters...
A lot has been lifted out and into the Centurion programme, but all in the one thing that's kept me, is the customer service. You'll get Priority Pass or whatever with a Bank premier card. That, AA membership, is par for the course. The one thing that I do acknowledge is the engaged one-stop-shop on the other end of the line, when once a year, I may just need it.
crmcatee said:
So in the past year or so they've kicked people over 70 out from using their insurance (one of the main reasons I got it for supplementary users) and now the 50% price increase.
Me thinks I'm losing out here - will have to reconsider when it's time for renewal.
Exact reasons my parents have let Platinum too. Were members for over 20 years. I think i'll be getting a Gold Card for myself if they off decent travel insurance.Me thinks I'm losing out here - will have to reconsider when it's time for renewal.
I rang to kick up a fuss about the fee increase, muting that on my renewal date (in November), I would be away on my toes because of the fee increase
Lo and behold a £150 credit has been applied to my account
Not to offset the fee of course, but to reward my loyalty...
got to be happy with that
Lo and behold a £150 credit has been applied to my account
Not to offset the fee of course, but to reward my loyalty...
got to be happy with that
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