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Update: Some offers mentioned below are no longer available. View the current offers here – The Enhanced Business Platinum Card from American Express OPEN

Offer Expired February 24, 2014

TPG follower Jeff tweeted at me during the week asking how to utilize American Express Pay with Points:

@thepointsguy I have 800,000 Membership Rewards points along with many hotel points and airline miles. Any advice on how to buy 4 tickets using Pay with Points for an upcoming trip for my family? I currently have the Amex Premier Rewards Gold.”

For starters, you need to know that when using Pay with Points you only get one cent per point in value. However, if you have the American Express Business Platinum card linked to your Membership Rewards account, your points will be worth 1.25 cents apiece. The personal Platinum Card used to offer Pay With Points at the same ratio, but Amex recently just dropped that down to one cent per point.

Right now, Amex will give you a value of $8,000 for those 800,000 points when booking through American Express Travel using Pay With Points, but the Business Platinum card would make them worth $10,000 – a pretty significant difference! Once you link the Business Platinum card to your account, you’re instantly going to unlock all those existing points and increase their value by 25% just by getting that one card.

Now, Jeff also told me that he’s in a rare and extremely lucky situation because he recently received a targeted offer for a 100,000-point sign-up bonus for the Business Platinum, which is an absolutely amazing deal. With that amount of points plus the benefits that come with this card, you will far exceed the $450 annual fee in value, whether you choose to redeem those points for travel or even if you decided to liquidate them for gift cards.

Right now the public sign up offer is 25,000 points which isn’t bad since I value Membership Rewards points just under 2 cents apiece. At that value those 25,000 points are already worth more than the annual fee. But like the personal version of the card and the Mercedes-Benz Platinum card that I just got, the Business Platinum also offers other great benefits including $200 in annual airline rebates, free Global Entry, access to Fine Hotels and Resorts and many other perks that you can read about here. That $450 annual fee might dissuade some, but since it comes with 100,000 points and unlocks an additional $2,000 in value just with Pay With Points than Jeff has now, that’s what I would do.

The Enhanced Business Platinum® Card from American Express OPEN

Aside from the limited-time sign-up bonus of 100,000 points, Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more and cardholders will receive a 50% Airline bonus when you redeem Membership Rewards for all or part of an eligible fare.

Apply Now
More Things to Know
  • Limited Time Offer: Earn up to 100,000 Membership Rewards® points. Offer expires January 25, 2017.
  • Earn 50,000 Membership Rewards points after you spend $5,000 and an extra 50,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
  • New: Get 50% more Membership Rewards® points. That’s 1.5 points per dollar, on each qualifying purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • Plus, continue to get one point per dollar for qualifying purchases under $5,000.
  • New 50% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 50% of the points back.
  • New: You can also receive 50% points back on all First and Business class flights, with all airlines available through American Express Travel.
  • You can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Terms & Restrictions Apply
  • See Rates & Fees
Intro APR on Purchases
Regular APR
Annual Fee
Balance Transfer Fee
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Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

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