American Express Business Platinum card hikes welcome bonus to 100,000 points
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If you’re a business owner who wants to earn a huge influx of bonus points to use toward free business travel, the American Express Business Platinum card may be the solution. For a limited time, the Business Platinum card is offering new cardholders 50,000 Membership Rewards points after spending $10,000 and an additional 50,000 Membership Rewards points after spending an extra $15,000 on qualifying purchases in the first three months of card membership – for a total of 100,000 bonus points. The temporary offer is scheduled to end Aug. 8, 2018.
AmEx Business Platinum card details
Along with a 100,000-point introductory bonus, the Business Platinum card offers up to 5 bonus points on travel purchases made through amextravel.com as well as 1 point per dollar on general purchases.
|Business Platinum card from American Express|
Why use it?
If you are a business owner who spends a large amount on business travel, you can benefit from the Business Platinum card’s generous rewards rate and 100,000-point bonus. Additionally, the card’s travel credits and luxury travel perks help compensate for the high annual fee.
|Estimated Yearly Rewards Value ($4,000 monthly spend)
Like many premium cards, the Business Platinum card comes with a sizable annual fee. However, the card’s perks, which include a $200 airline credit and complimentary Priority Pass Select membership for two guests, help cancel out the fee.
Recent changes to the AmEx Business Platinum card
While the Business Platinum card has offered a 100,000-point introductory bonus in the past, it more recently offered 50,000 bonus points after spending $10,000 and an additional 25,000 bonus points after spending an extra $10,000 in the first three months.
Business Platinum card bonus history
|Change date||Sign-up bonus|
|May 10, 2018||
|Jan. 26, 2017||
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 sign-up bonus. With the redemption bonus, your 100,000 bonus points are worth $1,350 in airfare.
Redemption options for the Business Platinum card
|Redemption option||Point value (cents)||Value of 100,000-point bonus|
|Membership Rewards portal airfare||1 cent||$1,000|
|35% airline redemption bonus||1.35 cents||$1,350|
|Other Membership Rewards portal travel rewards (hotels, vacations, cruises)||0.7 cent||$700|
|Expedia travel||0.7 cent||$700|
|Uber/NYC taxi||1 cent||$1,000|
|Gift cards/vouchers||Up to 1 cent (sometimes lower)||$1,000|
|Shopping partner (Amazon, Best Buy, Boxed, Grubhub, Newegg, Rite Aid, Seamless, Staples)||.07 cent||$700|
|AmEx Express Checkout||0.7 cent||$700|
|Shopping portal||0.5 cent||$500|
|Transfer to Plenti||@1 cent||$1,000|
|Ticketmaster & AXS tickets||.05 cent||$500|
|Statement credit||0.6 cent||$1,000|
|Charity donation||1 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 $2,000 worth of airfare with partners such as Singapore KrisFlyer or British Airways:
Transfer options for the Business Platinum card
|Transfer ratio||Point value (including transfer ratio & excise fee)||Value of 100,000-point bonus|
|British Airways Executive Club||1:1||2.23 cents||$2,230|
|Singapore KrisFlyer||1:1||2.16 cents||$2,160|
|Iberia Plus||1:1||1.64 cents||$1,640|
|Delta SkyMiles||1:1||1.29 cents||$1,290|
|Hawaiian Airlines||1:1||1.27 cents||$1,270|
|Emirates Skywards||1:1||1.04 cents||$1,040|
|Alitalia MilleMiglia||1:1||0.94 cent||$940|
|Asia Miles||1:1||0.94 cent||$940|
|Choice Privileges||1:1||0.94 cent||$940|
|Etihad Guest||1:1||0.94 cent||$940|
|Flying Blue||1:1||0.94 cent||$940|
|Starwood Preferred Guest||3:1||0.74 cent||$740|
|Hilton Honors||1:2||0.82 cent||$820|
|Virgin Atlantic Flying Club||1:1||0.74 cent||$740|
|El Al Israel Airlines||20:1||(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 sign-up bonus after spending $5,000 in the first three months of card membership. This is 40,000 points more than the card’s standard sign-up 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 Business Platinum card, you are not eligible for the 100,000-point bonus. Additionally, you must be a business owner to be approved for the card.
Should you apply now?
Yes. Since the Business Platinum card hasn’t offered a 100,000-point bonus since January 2017, now is a good time to apply and receive the highest possible introductory offer available for the card. Keep in mind, though, that you need to apply by Aug. 8, 2018, to receive the 100,000-point bonus.
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