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Amex Increases Business Platinum Sign-Up Bonus to 40,000 Points

by on March 24, 2014 · 15 comments

in American Express

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While 2013 was a slow year for American Express with just a couple amazing deals interspersed throughout the year for a day here or a day there, 2014 is off to a bang. They announced two brand-new Membership Rewards credit cards launching in April (including the first ever no-fee full Membership Rewards card) and they recently increased the Platinum card’s sign-up bonus to 40,000 points after spending $3,000 in the first 3 months (up from 25,000 points). Note, there are often targeted offers of up to 100,000 points, but there’s no guarantee you’ll ever be targeted (I have not been), but always open your mail from Amex- you never know!

AMEX_OPEN_logo_navy_notag

Today they’re making a similar increase to the Business Platinum card, offering 40,000 Membership Rewards points after you spend $5,000 in purchases within your first 3 months of card membership. Details:

The Business Platinum Card® from American Express OPEN

  • Welcome Offer: Get 40,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership.
  • 20% Travel Bonus when using Membership Rewards® Pay with Points
  • A Premium Card with access to over 40 benefits to help power your business
  • Complimentary access to 600+ participating airport lounges through Priority PassTM Select
  • Enjoy complimentary, unlimited Boingo Wi-Fi at more than 1,000,000 Boingo hotspots worldwide
  • Business Platinum Concierge is like your own assistant, ready to help you with just about anything personal or professional, 24 hours a day
  • Purchasing power that can adjust as your business evolves
  • Terms & Restrictions Apply

Differences between the personal and business Platinum cards:
While they offer similar benefits, like access to Delta lounges and Priority Pass Select, Amex Fine Hotels & Resorts and a $200 yearly airline rebate, the Business Platinum card is different in a few key ways:

1) It is a business card, so once you get approved, your account information will sit on your business credit report. This means that your monthly balances won’t affect your personal credit score. Even if you pay off credit cards on time, the balance can still be reported before your payment is made and drive your score down. That being said, business cards generally have higher APRs and fees and do not offer consumer protections under the CARD Act. You will still receive a hard inquiry on your personal credit score when you open a business card and if you ever default on the account it is secured by you personally and not your business.
See: 10 Reasons to Get a Business Credit Card

2) Membership Rewards points are worth only 1 cent a piece when redeeming for travel through Amex Travel. With the Business Platinum, that ratio is 1.25 cents per point, so the 40,000 point sign-up bonus is worth $500 towards travel vs $400 on a personal Platinum card. While this isn’t the absolute best use of Membership Rewards points, flights and hotels booked via Amex Travel generally earn miles (including elite miles) and are upgradeable, which award tickets generally are not when transferred to a Membership Rewards transfer partner.

3) The cost of additional cardholders on the Business Platinum ($300 per additional card) is more expensive than with the personal Platinum card ($175 includes up to three additional cardholders, who all get lounge access benefits and $100/$85 Global Entry/Pre-Check reimbursements).

For more information, see these posts:

Is the Amex Platinum Worth the $450 Annual Fee?
Maximizing the Amex Platinum $200 Annual Airline Rebate
Understanding the Amex Platinum Lounge Access Benefit
The Amex Platinum Fine Hotels & Resorts Program
My Experience Getting Refunded for the Global Entry Application Fee With My Amex Platinum Card
Amex Platinum and Centurion Cards Now Available with SmartChip
The Amex Platinum Card Review

 Membership Rewards Transfer Partners:

 You can transfer Amex Membership Rewards points to 17 airlines and 4 hotels.

You can transfer Amex Membership Rewards points to 17 airlines and 4 hotels.

In the past couple of years, American Express Membership Rewards – the points program of cards like the Premier Rewards Gold, Business Gold Rewards, Platinum and Business Platinum cards – has gained (Virgin America and British Airways) and lost (Continental and Southwest) valuable partners, but the program is still one of the strongest travel points programs out there with 17 airline transfer partners and 4 hotel transfer partners among other redemptions. Transfer partners include:

Airlines
Star Alliance:
Air Canada Aeroplan, Singapore, All Nippon Airlines
Oneworld: British Airways, Iberia, Cathay Pacific
Skyteam: Delta, Air France/KLM Flying Blue, Alitalia, Aeromexico
Other: Virgin America, Virgin Atlantic, El Al, Frontier, JetBlue, Hawaiian Airlines, Emirates

Hotels
Starwood 3:1
Hilton 1: 1.5
Best Western 1:1.5
Choice Privileges 1:1

For more information, also be sure to check out these posts:

The Ultimate Guide to American Express Membership Rewards Airline Transfers
Analyzing Membership Rewards Star Alliance Partners
Top 10 Lesser Known Amex Membership Rewards Transfer Partners
Transferring Amex Membership Rewards to British Airways Avios Versus Cathay Pacific Asia Miles
ANA Award Taxes and Fees Roundup

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • RakSiam

    I got an offer today for this card that is 50K MRs for $5k spend in 3 mos. Maybe targeted to me since I have a personal Amex Plat?

  • Avu

    I Have 150k offer need to spend 10k in the months get 100 mr points and if spend additional 10k get another 50 points

  • Jeffrey

    I was offered a 75,000 point sign up bonus with 5k spending in 3 months. Seems like a no brainer when you factor in the $200 in airline credits.

  • Burton

    I’m thinking about cancelling my platinum, is there a way to get them to honor the signup bonus if I stay with AMEX?

  • kevin

    that is a great deal

  • Benjamin Szweda

    I got 50K offer too – like RakSiam said for $5K spend in 3mon. I also have Personal Plat.

  • rouven

    actually link to apply doesn’t work on both cards.

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  • Suzanne Gwinn

    I got offered 75K points and was “pre-approved.” I had received this offer about 6-8 months ago, although not as high, and was turned down. This time it went thru.

  • Suzanne Gwinn

    Hey TPG, delete this stupid post.

  • TSH

    Just got an offer to upgrade my business gold to plat for 30K MR with $10K spend in 5 months. Do you guys think it is worth it to avoid the inquiry? Or should I hold out for a better offer? My annual fee on the gold card is coming up so was going to cancel it anyway…

  • rob

    Just got an email offer for 50k MR points after 5k spend in 3 months for the business platinum one. Said I was pre-approved too, and I don’t even have a business. Go figure. $450 annual fee is a bit too much for me to stomach at the moment. ;)

  • LAKnight

    Mind to tell us when it is? And, is it targeted offer?

  • shay peleg

    How long are we thinking this offer is going to be on for?

  • Julie Catsman Simon

    I haven’t seen you mention an offer we received several days ago — Amex Business Platinum earning 150,000(!!!) miles. You get 100,000 after the first $10,000 after three months; then another 50,000 if you spend $20,000 in the same time period. There’s an offer code, but it’s under open.com/getplatinum. I guess everyone is getting different offers based on their card usage. By the way, LOVE the blog. I’ve saved and used so much information from you, including our recent trip to Australia! Thanks.

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