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On the heels of yesterday’s big American Express announcement that the Platinum personal and business cards would be getting some new perks, the public sign-up bonus for The Business Platinum® Card from American Express OPEN has more than doubled to a total possible bonus of 100,000 Membership Reward points!!
Limited Time Increased Sign-Up Bonus:
The Business Platinum® Card from American Express OPEN: Limited time offer of up to 100,000 Membership Rewards® points, $450 annual fee – expired
The bonus is broken up into two parts – you get 50,000 bonus Membership Reward points after spending $5,000 on the card in the first 3 months and then an additional 50,000 bonus Membership Reward points after you spend an additional $10,000 on the card in the first 3 months. That is a total of 100,000 potential bonus Membership Reward points for a total of $15,000 in spending on the card in the first 3 months.
The Business Platinum Amex Perks:
The Business Platinum Amex also comes with an annual $200 airline fee credit, Centurion Lounge access, access to Delta SkyClubs with same-day Delta ticket, Priority Pass Select membership, SPG Gold status, access to the Fine Hotel and Resort Collection, and more.
Just yesterday some new perks were added to the business version of the Amex Platinum that include:
- 50% points back when using Membership Rewards Pay with Points through American Express Travel to book a flight with selected airline for the year (same as the one you select for the $200 airline fee credit).
- 50% points back when using Membership Rewards Pay with Points through American Express Travel when booking a first or business class ticket with any airline.
- Earn 1.5X Membership Rewards points per dollar spent on any purchase of $5,000 or more.
Though the business version of the Platinum card did not get the 5x points on airfare perk that the personal version did, the new perk of getting 50% of your points back when using Membership Rewards Pay with Points for your selected airline is pretty darn solid. When you use your points at a fixed value via this method to purchase your flights you don’t have to deal with award availability or blackout dates and you earn frequent flyer miles and progress towards elite status with your flights.
As an example of how this 50% points return works in practice, here is a round trip flight from Houston – Cancun on United Airlines. Assuming United was your selected airline, you would get 11,465 of the 22,933 Membership Rewards points spent on the flight returned. Getting a mileage earning round trip nonstop flight from Houston – Cancun for just 11,466 total Membership Reward points is outstanding and represents a 2 cent return per point on the $230 ticket without having to be an airline award chart master.
Things to Note Before Applying:
Note that this is a charge card not a credit card so it should not count against the total number of Amex credit cards you can hold. Since it is an Amex small business card, it also should not report on your credit report in a way that would impact the Chase 5/24 tracking.
The limited-time offer for The Business Platinum® Card from American Express OPEN is said to run through January 25th. I’ve never seen a public non-targeted bonus this high for this card.
I will offer a final “mom type” reminder that spending a total of $15,000 dollars on one card within 3 months to trigger the full 100,000 bonus points is no small amount, even factoring in the holidays and associated increased spending. I also do not recommend any sort of “non traditional” use of the card to hit that spending threshold based on reports of Amex becoming increasingly sensitive to that sort of thing. If you have some big purchases coming up, or know that you can spend an average of $5,000 a month on the card without it causing a problem, then this is a fantastic offer and one that I am considering myself.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.