A Redditor, frustrated with their Amex Platinum card's loss of elite status despite spending $50k monthly, sought advice from the Fat FIRE community for better credit card options. They feel undervalued by financial institutions in terms of rewards. Community members suggested Bank of America's tiered program, which requires a $100,000 account balance to achieve higher cashback rates, emphasizing its straightforward rewards path without the complexity of rotating categories. This highlights a gap between customer expectations and institutional loyalty rewards.
The Redditor expressed dissatisfaction with their Amex Platinum card despite spending $50k monthly, seeking better rewards, and highlighted feeling undervalued by their financial institution.
Bank of America offers a tiered program which provides better rewards based on account balances, with options for higher cashback on travel, dining, and all other purchases.
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