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Ask the Experts – Weining Bao

Wallethub – Q: When does it make sense to consider a credit card with a triple-digit annual fee?

My test is simple. If you need a spreadsheet to convince yourself the fee is worth it, then it is not. If you take a couple of trips a year, you are paying for the benefits you keep forgetting to use.

Q: In your opinion, what type of person should get a card like The Platinum Card from American Express?

I think the card is for people who live in airports. Frequent flyers, consultants, anyone whose company reimburses the fee anyway. Lounge access genuinely changes how travel feels once you use it every week.

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