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Old 12-06-2008, 05:22 PM   #21
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Alan, that's very weird that Hertz would not accept the Visa card to guarantee the car--was Visa being overly diligent in not allowing what it might construct as a suspicious use of the card (once there was a hold on our account when we bought a computer out of state to be shipped to a different address than ours)? What a pain--what if you didn't have the Amex to use?
Very strange - this was Hertz in Bordeaux. When we returned the car 2 weeks later I was able to pay with my my Visa no problem.

The alternative if I did not have Amex with me would have been either to have got a smaller car and some of the luggage would have to have been on folks' laps for the jouney's too/from our rental houses in France and Spain (2 hr drives) or to rent 2 smaller cars and travel in convoy.

I think I might call and get the credit limit raised from $25 to$60K to see if that helps in future, although the Amex is a limit of $25K as well. Or I might just continue to carry the Amex and keep it active with a few small purchases each year.

I also paid Hertz for collision damage insurance so if the car was stolen or wrecked I was covered so it should not have been an insurance thing. May be it is a French thing - the agent couldn't tell me why at the time there was a problem.
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Old 12-07-2008, 02:43 AM   #22
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Hmmmmmm

I'm sure that all the responses are quite genuine and have some reasonable points. However, the OP is from New Zealand, trust me folks, the financial, economic, banking and regulatory credit fundamentals are quite different to the US situation down here (the Antipodes).

In fact, I'm a little surprised the OP actually posited the query, but then he/she only has 4 posts, so they maybe haven't grasped the fact that the ER board is US-based and so responses will have a US-bias (statement of fact, not bias ).

Cheers
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Old 12-07-2008, 06:19 AM   #23
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Hmmmmmm

I'm sure that all the responses are quite genuine and have some reasonable points. However, the OP is from New Zealand, trust me folks, the financial, economic, banking and regulatory credit fundamentals are quite different to the US situation down here (the Antipodes).

In fact, I'm a little surprised the OP actually posited the query, but then he/she only has 4 posts, so they maybe haven't grasped the fact that the ER board is US-based and so responses will have a US-bias (statement of fact, not bias ).

Cheers
Quite true but the basic points that seem to be agreed upon is that there isn't any "status" in having a platinum card and there isn't any reason to pay to get one.

New Zealand is a "civilized" country so I wouldn't expect the financial system to be too far out of line with the US. You can't make that sort of assumption about other lesser developed countries like France, Nigeria, and Uganda.
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Old 12-07-2008, 01:26 PM   #24
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New Zealand is a "civilized" country so I wouldn't expect the financial system to be too far out of line with the US.
Isn't Iceland pretty civilized as well?
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Old 12-07-2008, 02:18 PM   #25
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Hey I've got a platinum visa and a platinum mastercard and didn't have to pay a dime or an annual fee. They just kept upgrading my metal free cards I got in college because I rarely used them and they wanted to get those sweet sweet interest and late payment fees. I could put something like $20,000 on them if I had to which is a nice upgrade from the $250 they were as introductory cards.

Unless you are getting some kind of "cash back" and you know you'll be making more than your annual fee don't pay for a card.
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Old 12-07-2008, 02:48 PM   #26
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Isn't Iceland pretty civilized as well?
But they do not speak English...

An article I read 1 or 2 years ago warned of the global housing bubble. It said that it was generally worse in English-speaking countries. Thought that was interesting, but did not know if that was true. Also, the article did not venture an explanation.
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Old 12-07-2008, 03:09 PM   #27
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1) People check out your credit card? Whoda thunk it.

2) A platinum card is special? I just thought it was the latest gimmick from the credit union. They offered a Visa with 5% cash back on gas, 2% on groceries, 1.25% on everything else, and no annual fee, and that sounded good to us so we went for it. Not sure we even noticed what they called it. They could call it the Diamond Plutonium Moon Rock Card and we'd only care about the terms and goodies being offered. Then again, we never cared what our checks looked like, either (back in the days when we still used paper checks). Yet I've gathered some folks actually pay for checks with pretty pictures on them.
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Old 12-07-2008, 04:13 PM   #28
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Isn't Iceland pretty civilized as well?
They're pretty civilized. Their banks are all broke just like ours.
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Old 12-07-2008, 05:03 PM   #29
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I truly upset that none of my friends were impressed when I wiped out my platinum card . Of course I'm just finding out now that they should have been impressed .
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Old 12-07-2008, 07:54 PM   #30
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I truly upset that none of my friends were impressed when I wiped out my platinum card . Of course I'm just finding out now that they should have been impressed .
Lots of folks wiping out their credit cards these days... and their 401(k)s, their IRAs, their credit ratings, ...
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Old 12-08-2008, 08:23 AM   #31
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I was so impressed with all the Platinum cards you all have, I decided to check. All 3 of our cards are platinum and I didn't even know it. 2 are cash back cards and I didn't pay for any of them. Oh well, I guess I'm doing better than I thought.

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Old 12-08-2008, 08:39 AM   #32
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I just got replacement Visa cards in the mail the other day and I've been upgraded to Platinum. Woo-hoo!!

So, I haven't been using the Visa for much of anything since I have a reward card that I've been racking points on, and the Visa has squat. When I called this morning to get the new cards activated I got transferred to a human being who wanted to know what it will take to get me to use the card more.
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You could cut my interest rate, or offer me a cool reward program.

How about we do both?
They really cut the interest rate, not that I need that since I pay all my cards off every month, and they gave me a cash back deal that is no better than what I already have with other cards.

However, the interest rate cut is only good for 6 months. When I asked the sales rep why it wasn't permanent, she damn near had a fit trying to come up with something to say.
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That's a good question! I'm not sure. Er, well it is so you can get through the holiday season...and, uh,...you can always call in six months and ask us then...
Sounds more like "we really want to sucker you into running up a balance so we can suck the lifeblood out of you and make a little money off your cheap... because we love you?" She actually said at one point, that this was a wonderful gift they were giving me. It was a struggle to keep from laughing out loud, but I think a couple of times she could tell I was having fun with all of her malarkey.

Well, I'm off to the office supply place to use a coupon on a toner cartridge I need. I think I will whip out my platinum card just to see the cashier scrape and bow at my awesome platinum awesomness!
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Old 12-08-2008, 08:52 AM   #33
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Well, I'm off to the office supply place to use a coupon on a toner cartridge I need. I think I will whip out my platinum card just to see the cashier scrape and bow at my awesome platinum awesomness!
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Old 12-08-2008, 09:07 AM   #34
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You folks are awesome - looked through our paltry collection of cards and they are all just plastic.
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Old 12-08-2008, 09:20 AM   #35
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You folks are awesome - looked through our paltry collection of cards and they are all just plastic.
In reality, we have three cards -- I think two gold and one platinum but I'm not even sure -- but in reality, I only look for two things:

(1) No annual fee.
(2) The most generous points/miles/cash back offers for our spending patterns.

The color of the card and the interest rate don't concern me. Just show me the rewards and don't charge me to hold it...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 12-08-2008, 09:31 AM   #36
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American Express is sending us offers to become platinum members. I believe it is $300 a year but they will waive the fee for the first year--yay them!

IMHO if we got that card (as if!) and whipped it out and someone was impressed with it, it would say more about that person than about the card.
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Old 12-08-2008, 01:23 PM   #37
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i think the only card these days that do get a gasp are the black amex's...hehe anyone?
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Old 12-08-2008, 01:37 PM   #38
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To the best of my knowledge a platinum CC is not actually made of platinum. I have a gold MC and do not believe that it is actually made of gold. Probably some kind of plastic. What next DIAMOND CC?
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Old 12-08-2008, 02:36 PM   #39
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Mickeyd, they have that too! You know those folks in Dubai are always trying to stay one step ahead of ya! google diamond encrusted cc...!
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Old 12-08-2008, 03:02 PM   #40
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My wife received an offer for the AMEX platinum the other day, but when we saw the $450 annual fee attached to it, we just shredded the whole thing... Sure the platinum card came with some extra benefits (like access to some airline lounges, etc...), but quite frankly it seemed to offer very little value for the price tag.
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