Revisiting the "Amex Triple Dip"
Intro
Quick post today for any bums interested in the infamous “triple dip” play. I’ll drop an additional paid post later this week.
Amex Triple Dip
Amex offers generous credits on the Amex Business Platinum and Personal Platinum that help reduce the net effective annual fee. The next week offers the ability to “triple dip” or get three years of credits despite paying just one annual fee. Here’s how it works.
Apply for a new Amex card this week
Contact Amex right after your card arrives to push the statement back as far as possible
Spend all of your 2023 credits before Dec 31st, 2023, spend all of your 2024 credits in 2024, and then spend all your 2025 credits as soon as possible in January 2025.
Close the card within 30 days of the annual fee posting in Jan 2025 for a full refund of the annual fee.
This translates to one annual fee and three years of credits.
American Express Platinum
$200 in airline credits each year ($600 total)
$189 in Clear credits each year ($567 total)
American Express Business Platinum
$200 in airline credits each year ($600 total)
$189 in Clear credits each year ($567 total)
While you can close your card at the end of the triple dip in Jan 2025, remember that it’s always worth contacting Amex to see if they have any retention offers that make the card worth holding on to. Sometimes, they’ll waive the annual fee entirely.
United Credit
United TravelBank makes a lot of sense, as you can simply buy a gift card with your Personal/Business Platinum and it’ll trigger the credit. You can use the amount in the travel bank to book a flight at a later time. Note that it’s best to buy TravelBank credits in increments of $50 and make sure they are credited, before buying more.
https://www.united.com/offers/travelcash
Disclaimer: None of this is to be deemed legal or financial advice of any kind.