Since Active Duty military get the annual $550 fee on AmEx Platinum waived, it makes sense for us to get multiple versions of these cards to duplicate annual benefits like $200 for Uber, $200 for Airlines, $100 for Saks for each card. Some of us have maxed out all the co-branded versions with Mercedes-Benz, Charles Schwab, Morgan Stanley, Ameriprise, and Goldman Sachs (LOL, not me).
After that we have had to resort to getting the lower personal cards in order to upgrade them a year later to get multiple higher versions. For example I got the AmEx Green and PRG and upgraded them to the Platinum in one year. The one year wait is a provision of the Credit CARD act of 2009 that has a prohibition of changing terms and conditions within one year of a new card opening.
There is no wait on business cards, DerpReport reader Dan writes:
as an update – after i upgraded my biz gold the other night i have opened a new biz green and biz gold for both me and my wife without issue. furthermore, even without having Received the card yet, I chatted with the CSR online asking if my account was eligible for upgrade to business platinum and they said yes
The best part is you can select a different airline for each one of your new AmEx Platinum Business card to get 35% points back when booking with the three major airlines with points! For example you select Delta and buy 4x $50 gift cards, next one you pick United (No gift cards here), then last one you pick American Airlines and buy 2x $100 gift cards. You would therefore get 35% cashback (1.5 cents per MR point) because you have a Biz Platinum selected for each airline!
I would start with getting the AmEx Biz Plat for the hefty 75,000 MR on $20k spend (try the coin churn?). Then the green (5k MR for any spend in one year), then finish with the Biz gold for 50k for $5k spend in 90 days! If you choose to upgrade the Green or Gold off the bat you would be ineligible for the 75k on Biz Platinum forever!
The green just takes a single buy to get 5k points, and gold is $5k for 50k MR! Just get the card and in a week or so upgrade them to another Plat for an annual $200 towards flights! I got approved right away despite Applying for both the SPG Lux and the IHG Premier in the last 90 days:
Just got to spend any amount for 5k MR:
If you don’t think you will ever do the $20k spend then go ahead and get all three this year for a sweet $600 on flights in the form of 12 x $50 Delta Gift cards or 3 x $200 Southwest gift cards or 6x $100 American Airlines Gift Cards. Then repeat every January!