The Business Platinum Card® from American Express just received a fairly significant refresh.
As usual, some people will like (most of) the changes. Others will be enraged. A few will fall in the middle. 🙂
I’ve really liked the Amex Business Platinum Card for a long time. Rene encouraged me to get it several years ago and becoming a cardholder was truly a great decision. But did Amex mess with the 35% Pay With Points feature?
Let’s take a look at what’s changing!
New Welcome Offer
People who don’t currently hold The Business Platinum Card® from American Express card but want to apply may like this currently available welcome offer.
120,000 Membership Rewards Points
As part of a promotion, new members can earn 120,000 Membership Rewards points after spending $15,000 on eligible purchases within three months of being approved for the card.
0% Introductory APR
Plus, they’ll enjoy 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time.
After that, the APR increases to between 14.24% to 22.24%. (This is based on creditworthiness and other factors as determined at the time of card membership approval. See rates and fees; terms apply.)
Amex Business Platinum Card New Annual Fee
You knew this was coming.
The Business Platinum Card® from American Express‘ $595 annual fee increases to $695 on January 13, 2022. (See rates and fees; terms apply.) You can lock in a year of the $595 fee if you apply before then.
But that $100 difference is more than covered with some of the new statement credits.
New Amex Business Platinum Statement Credits
Here’s where things get interesting.
Cardmembers can earn up to $120 in annual statement credits for purchases made directly from any US wireless telephone provider. These will be doled out up to $10 per month. (Enrollment required.)
$120 doesn’t cover my monthly Verizon bill. So I’m delighted to see this credit. Even after the $100 annual fee jump, I still come out $20 ahead.
And that’s before some of the other statement credits.
Dell Statement Credit
The Dell statement credit isn’t new to the Amex Business Platinum card.
But how much just changed. A lot.
Cardholders may now earn up to $400 per year ($200 semi-annually) in statement credits for Dell Technologies purchases charged to their Amex Business Platinum card. That’s an increase from $200 a year (or $100 semi-annually. Enrollment required.)
This reminds me of the Saks Fifth Avenue statement credit on The Platinum Card® from American Express. People BMW about both benefits. Keep in mind that Dell sells much more than just Dell computers. They have a host of other products. Bluetooth phones. SSD and hard drives. Xbox stuff. I basically made money buying a new TV from Dell when using statement credits and Amex Offers.
I max this out every year — buying gifts or using it for my company’s electronics upgrades.
Adobe Statement Credit
Ever wanted Adobe Acrobat or Photoshop?
The Business Platinum Card® from American Express members can earn up to $150 in annual statement credits on select purchases. (Enrollment required.)
Per Amex: “Valid only on purchases of annual prepaid subscriptions for Creative Cloud All Apps or Single Apps for Teams or Acrobat Pro DC with E-Sign or advanced E-Sign for Teams. Adobe Creative Cloud InCopy App is not eligible.”
As reader “Slash” pointed out, monthly subscriptions are not eligible.
Indeed Statment Credit
Rumors that Indeed would team up with Amex, erm, indeed came to fruition.
Amex Business Platinum card members may earn up to $360 in annual statement credits on “all Indeed hiring and recruiting products and services to post open positions and find quality talent.” (This is available for up to $90 per quarter. Enrollment required.)
New Spending Bonus Categories
Let’s file this under the “Better Something Than Nothing” category.
Cardholders can earn 1.5X Membership Rewards points on purchases made in the following categories:
- Electronics goods, retailers, software, and cloud service providers
- Construction materials and hardware supplies
- Shipping providers
Earnings are capped at $2 million per calendar year. Please get in touch with me if the $2m threshold is too low for you — I’ll send you my resumé. 😉
(This is in addition to 1.5X points earned on purchases over $5,000.)
Something in the (at least) 2X-3X range would be nice. (See the Chase Ink Cash card…) But, hey, it’s better than a kick to the head.
No benefits were slashed. That’s excellent news.
35% Pay With Points Rebate
I’m so glad Amex didn’t cut this benefit. It’s the reason I got the card in the first place.
Cardholders get 35% Membership Rewards points back when paying with points for all or part of a qualifying flight booked with Amex Travel. This is capped at 500,000 points back per calendar year.
Want to take Delta partner mileage runs? This is a fantastic avenue for saving some money and points. Keep in mind that you generally earn elite and redeemable frequent flyer points/miles with these purchases.
$200 Airline Incidental Credit
Cardholders earn up to $200 in statement credits per calendar year in eligible purchases made with a participating airline. (Enrollment required.) we’re talking about checked baggage fees, onboard food and beverages, and other things.
$170 CLEAR Statement Credit
Airport Lounge Access
Cardholders can access Delta Sky Clubs, American Express Centurion Lounges and Suites, and Priority Pass (enrollment required) lounges when traveling. (You must be traveling on a Delta marketed and operated flight to gain access to Sky Clubs.)
5X Points on Select Travel Purchases
Members who use The Business Platinum Card® from American Express can earn 5X Membership Rewards points for flights and prepaid hotels on amextravel.com. That’s fine for flights. But keep in mind that Amex’s travel booking service is an OTA. So you (likely) won’t enjoy any elite status benefits on any hotel stays purchased through Amex Travel.
Complimentary Marriott and Hilton Gold Status
The Business Platinum Card® from American Express members may receive gold status with bold Marriott Bonvoy and Hilton Honors. (Enrollment is required.) Even if you don’t stay at either Marriott or Hilton, this can be valuable when matching hotel status levels between loyalty programs.
Which Benefits Can Current Cardholders Enjoy Immediately?
Per a representative: the additional $100 in Dell credits is not available to current cardmembers until next year.
But everything else is a go! (So start charging your cell phone bills and Adobe purchases to the Business Platinum Amex ASAP! 🙂 )
The Business Platinum Card® from American Express got a relatively significant polish and shine — for some people. The $595 annual fee climbs to $695 next year. (See rates and fees.) But for people who use the Amex Business Platinum card for common business purchases and travel somewhat frequently may enjoy the changes.
What do you think? Please share your thoughts in the below Comments section!
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