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Last week I shared that The Platinum Card® from American Express was getting some new benefits, and unfortunately a higher annual fee to go along with them beginning at the end of March. The biggest additions to the personal card from my point of view were the ability to earn 5x points on hotels booked directly via AmexTravel.com and $200 in annual Uber credits, dolled out in monthly increments. You can read all about the changes here.
For some, the changes to the Platinum personal card were anywhere from neutral to potentially good news, but if you don’t really make regular use of Uber, then on the whole it was probably somewhere between neutral to bad news since the $100 increase to a $550 annual fee isn’t exactly chump change.
Changes Coming to Amex Business Platinum Card
I was personally hoping that the business version, The Business Platinum® Card from American Express OPEN, would be sparred the new perks and the fee increase to give folks some additional choice when it came to which Platinum card was best for their wallet and travel patterns.
According to View From the Wing, it looks like we may be in luck, as there are some changes coming to the Business Platinum Amex at the end of the month, but nothing is overly major, and the annual fee appears to be staying put at $450 per year.
Some of the coming changes reportedly include:
- Beginning March 30, 2017, Business Platinum Card Members will get 5X Membership Rewards Points on flights and prepaid hotels at amextravel.com.
- Business Platinum Card Members also get access to the recently announced new Global Dining Collection, as well as the expanded Global Lounge Collection and the Global By Invitation Only Events.
- When Business Platinum Card Members enroll in Priority PassTM Select and visit a lounge, they can bring two accompanying guests for no charge.
The ability to earn 5x Membership Reward points on flights and hotels booked directly with Amex Travel is solid, though I usually prefer to book directly with the hotel and airlines for various reasons. It is worth pointing out that the personal Amex Platinum awards 5x on flights booked either with AmexTravel.com or directly with the airlines, as opposed to the Business Platinum that reportedly requires you to book via AmexTravel.com. However, the Business Platinum has the edge on redemptions as you can get 50% of your redeemed Membership Rewards points back when using your points at a fixed value to book airfare through Amex, bringing your per point value to 2 cents each with your selected airline for the year, or on all premium cabin ticket redemptions done in this manner with any airline.
While none of those changes to the Business Platinum are life changing to me personally, I am glad that nothing is really being taken away from the card, and that the annual fee is staying put. Truthfully, the business version of the card was already preferable to the personal to some as it shouldn’t impact your Chase 5/24 status since it is a small business card, and the public sign-up bonus is higher for those who who can hit the higher spending requirements at 50,000 Membership Rewards points after you spend $10,000, and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases in your first 3 months of card membership.
How do the upcoming changes in perks and fees with some of the Amex Platinum products impact your Amex Platinum strategy going forward?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.