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Earn up to 100,000 bonus points with the Platinum cards from American Express

Summary

If you fly frequently and enjoy luxurious travel perks, a premium travel rewards card, such as The Platinum Card from American Express or The Business Platinum® Card from American Express may be your solution.

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If you fly frequently and enjoy luxurious travel perks, a premium travel rewards card, such as The Platinum Card from American Express or The Business Platinum® Card from American Express may be your solution. Along with offering high value benefits, both cards currently offer generous introductory bonuses. The American Express Platinum card gives cardholders 60,000 bonus points when they spend $5,000 in the first three months of card membership, while the Business Platinum card offers 50,000 points when you spend $10,000 and an additional 50,000 points when you spend an extra $15,000 in the first three months – for a total of 100,000 bonus points.

Comparing American Express Platinum cards

In addition to sharing similar annual fees, the American Express Platinum cards both offer bonus points on flights and prepaid hotels booked on amextravel.com. The most notable difference is that one is designed for business owners and the other is geared toward consumers.

See how the cards compare side by side in the table below.

The Platinum Card from American Express
The Platinum Card from American Express
The Business Platinum® Card from American Express
The Business Platinum® Card from American Express
Rewards rate
  • 5 points per dollar on flights booked directly with airlines or American Express Travel
  • 5 points per dollar on prepaid hotels booked on amextravel.com
  • 1 point per dollar on other purchases
  • Terms apply
  • 5 points per dollar on flights and prepaid hotels on amextravel.com
  • 2 points per dollar on travel purchased through the American Express website
  • 1 point per dollar on other purchases
  • Terms apply
Introductory bonus
  • 60,000 points when you spend $5,000 in first 3 months
  • Terms apply
  • 50,000 points when you spend $10,000
  • Additional 50,000 points when you spend an extra $15,000 in first 3 months
  • Terms apply
Annual fee$550$595
Estimated yearly rewards value$797
($1,325 monthly spend)
$2,326
($4,000 monthly spend)

As you can see, the Business Platinum card offers considerably more value annually than the consumer card. That said, business owners typically charge a lot more on their cards than consumers, thereby earning more rewards. We estimate that the average business owner spends approximately $4,000 each month on office supplies, business travel and other company expenses – compared to the average consumer who spends around $1,325 each month on food, gas, clothing and general purchases.

Recent changes to the American Express Platinum cards

While the Business Platinum card’s bonus has teetered between 75,000 and 100,000 points, the consumer Platinum card’s bonus has remained consistent.

American Express Platinum card bonus history

There have been no recent changes to the American Express Platinum card bonus.

Business Platinum card bonus history

Change dateIntroductory bonus
Sept. 5, 2019
  • 50,000 points if you spend $10,000 in first 3 months
  • 50,000 additional points if you spend an additional $15,000 in first 3 months
  • Terms apply
Aug. 9, 2018
  • 50,000 points if you spend $10,000 in first 3 months
  • 25,000 additional points if you spend an additional $10,000 in first 3 months
  • Terms apply
May 10, 2018
  • 50,000 points if you spend $10,000 in first 3 months
  • 50,000 additional points if you spend an additional $15,000 in first 3 months
  • Terms apply
Jan. 26, 2017
  • 50,000 points if you spend $10,000 in first 3 months
  • 25,000 additional points if you spend an additional $10,000 in first 3 months

Best ways to use 100,000 Membership Rewards points

The American Express Membership Rewards program offers a huge variety of redemption options, so you may feel overwhelmed trying to sort them out. We’ve listed them in the table below, and, as you can see, if you are looking for a simple redemption with the best value, you are best off redeeming your rewards for airfare through the Membership Rewards portal.

Furthermore, you can earn a 35 percent bonus on your points by redeeming them for airfare on a designated airline. This option requires you to jump through some hoops – you have to log in and choose your airline once your account activated, and then you can only redeem your points with this airline for the remainder of the year to earn the bonus – but this is a great way to boost the value of your  bonus. With the redemption bonus, your 100,000 bonus points are worth approximately $1,350 in airfare.

Redemption options for the Business Platinum card

Redemption optionPoint value (cents)Value of 100,000-point bonus
Membership Rewards portal airfare1 cent$1,000
35% airline redemption bonus1.35 cents$1,350
Other Membership Rewards portal travel rewards (hotels, vacations, cruises)0.7 cent$700
Expedia travel0.7 cent$700
Uber/NYC taxi1 cent$1,000
Gift cards/vouchersUp to 1 cent (sometimes lower)$1,000
Shopping partner (Amazon, Best Buy, Boxed, Grubhub, Newegg, Rite Aid, Seamless, Staples)0.7 cent$700
AmEx Express Checkout0.7 cent$700
Shopping portal0.5 cent$500
Transfer to Plenti1 cent$1,000
Ticketmaster & AXS tickets0.5 cent$500
Statement credit0.6 cent$600
Charity donation1 cent (up to 500,000 points, 0.5 cent thereafter)$1,000
Excise tax offset fee (for transfer to travel partner)0.5 cent$500

However, if you really want the best value for your points, you should consider transferring them to one of American Express’s 19 travel partners. Your points transfer to most partners at a 1:1 ratio, and, if you are willing to spend some time searching through airline redemption charts, you can get a much higher value than 1 cent per point with many of these partners (even once you factor in the small 0.06 cent excise fee that American Express charges per point).

As you can see from the chart below, 100,000 bonus points can score you more than $2,200 worth of airfare with partners such as Singapore KrisFlyer or British Airways:

Transfer options for the Business Platinum card

Transfer ratioPoint value (including transfer ratio & excise fee)Value of 100,000-point bonus
Singapore KrisFlyer1:12.16 cents$2,160
Iberia Plus1:11.64 cents$1,640
Aeromexico1:1.61.54 cents$1,540
Aeroplan1:11.44 cents$1,440
ANA1:11.42 cents$1,420
British Airways Executive Club1:11.4 cents$1,400
Delta SkyMiles1:11.29 cents$1,290
Hawaiian Airlines1:11.27 cents$1,270
JetBlue1.25:11.12 cents$1,120
Emirates Skywards1:11.04 cents$1,040
Alitalia MilleMiglia1:10.94 cent$940
Asia Miles1:10.94 cent$940
Etihad Guest1:10.94 cent$940
Flying Blue1:10.94 cent$940
Hilton Honors1:20.94 cent$940
Marriott Bonvoy3:10.8 cent$800
Choice Privileges1:10.77 cent$770
Virgin Atlantic Flying Club1:10.74 cent$740
El Al Israel Airlines20:1(0.01) cent($10)

100,000-point Platinum consumer card offer

If you aren’t a business owner, you can still earn a 100,000-point introductory offer from the American Express Platinum card. Exclusive to CardMatch, The Platinum Card® from American Express is offering select applicants a 100,000-point introductory bonus after spending $5,000 in the first three months of card membership. This is 40,000 points more than the card’s standard introductory bonus – 60,000 points after spending $5,000 in the first three months.

To gain access to the targeted offer, you must be paired with the Platinum card through CreditCard.com’s CardMatch tool. To see if you qualify for the 100,000-point offer from the Platinum card from American Express, click here.

Who is eligible for the introductory bonus?

American Express has one of the most rigid introductory bonus policies in the industry, limiting cardholders to earning the bonus on a particular card only once in a lifetime. If you currently own or have previously owned an American Express Platinum card or an American Express Business Platinum card, you are not eligible for the current bonus. Additionally, you must be a business owner to be approved for the Business Platinum card.

Should you apply now?

Yes. At 60,000 points and up to 100,000 points, the introductory bonuses for the Amex Platinum cards are very generous. The up 100,000-point bonus on the Business Platinum card isn’t released very often, so take advantage of the deal while it is still around.

See related:American Express Rewards guide: The best ways to earn and use Membership Rewards points

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Published: September 4, 2019

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Credit Card Rate Report Updated: November 6th, 2019
Business
15.14%
Airline
17.01%
Cash Back
17.19%
Reward
17.03%
Student
17.23%

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