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Should You Get Amex Platinum for Its 100,000 Point Bonus?

by on June 1, 2014 · 38 comments

in American Express, Credit Cards, Lounges, Sunday Reader Questions, Video Blog Post

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This week, I again received one of the questions I’m asked most frequently, via a tweet from TPG reader Stephen:

@thepointsguy Do you recommend the American Express Platinum (or its business version), with its 100,000-point sign-up bonus?”

In short, the answer is absolutely. Even if you don’t know how to really maximize Amex points, those 100,000 points are worth at least $1,000 in travel, which more than makes up for the $450 annual fee.

The American Express Platinum card is one of the most expensive credit cards out there, with a $450 annual fee. There have been some pretty significant changes to the card over the last couple of years, most notably in April, when it stopped providing access to US Airways and American Airlines lounges. However, the card does still give you access to Delta lounges and Priority Pass Select, and American Express occasionally adds new features, like unlimited Boingo Wifi and a statement credit for TSA Pre-Check, in addition to the existing $100 free Global Entry credit and $200 in airline rebates. To receive the airline credit, you need to select a qualifying airline.

One key factor makes getting this card a no-brainer: American Express is currently sending targeted offers to some individuals for 100,000-point sign-up bonuses for both the Personal and Business Platinum cards. In this case, I’m always going to advocate that you get one of these cards, because you’re then paying $450 for all of those perks plus 100,000 Membership Rewards points. In particular, the Business Platinum card offers a 25% bonus for redeeming through American Express Travel, so those 100,000 points are worth $1,250 in flights, hotels and more.

If you get a 100,000-point sign-up bonus for the Platinum card, hop on it

When someone asks if you want a 100,000 Membership Rewards points with an Amex Platinum card, you say yes!

If you decide after a year (or even down the line) that the card isn’t for you, Amex will pro-rate the annual fee, or allow you to switch to their new EveryDay card, which has no annual fee and still allows you to keep your Membership Rewards points active.

Last year Amex launched a couple of 100,000-point Platinum offers – you never know when one will pop up. You can always be proactive and check out the CreditCards.com Card Match toolwhich allows you to see if you’ve been targeted for any special offers. 

If you do get one of these 100,000-point offers and you want to travel, I’d say hop on it. (And I have to admit, I’m a little bit jealous that I’ve never been targeted for one!)

Let me know if you have any other questions by messaging me on Facebook, tweeting me @ThePointsGuy, or emailing me at [email protected]

Also, see this related post:

American Express Platinum Card – Still Worth It With No American/US Airways and Restricted Delta Lounge Access?

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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  • aLEX

    Applied for the AMEX platinum personal card last year, but AMEX didn’t honor the 100k offer

  • VVFF

    I have never received the $200 in airline gift cards, only the rebate. How do you get the gift cards?

  • Sachin M.

    I just called them this morning and got the business one. I just said I heard that they have been offering the 100,000 MR deal and the rep gave me the offer. I do have to spend $10,000 in 3 months which won’t be a problem. So depending of what business one has, this deal is alive for even those that don’t get specifically targeted. They would not offer me the personal card though. Those suites on Singapore Airlines are now looking pretty tempting! Thanks TPG!

  • IS

    Guys, If you do not use card benefits and if you feel annual fee of $450 is hefty, cancel your card after bonus miles are posted. if you cancel with in 60 days of annual fee posting, you will get refund of the entire annual fee.

  • Matt

    Is this a charge card if so a,ex won’t let you change to the everyday card. They denied me from changing from the PRG bc it’s a charge card.

  • Cory Davis

    I’ve been sitting on a 100K personal platinum offer that expires June 3rd, so hopefully someone can answer this for me. Would it be possible to get the sign-up bonus, transfer those points to BA Avios at a 1:1 ratio, cancel the platinum within a certain period of time to avoid the $450 fee, then eventually transfer the Avios points for AAdvantage points? PLEASE HELP ME! : )

  • Dave L

    You can’t transfer from avios to AA (you can use to fly AA though). I’m not sure I understand why you would want to transfer. You can just keep the AA miles after you cancel and get your fee back…there is no need to use avios at all. Once the miles are transferred from the card to AA, they won’t claw them back.

  • Cory Davis

    Thanks for the reply Dave. I guess I wasn’t aware that AA was a direct 1:1 transfer partner of MR points–thought only SPG worked and you had to move Avios to fly AA. Appreciate it.

  • Las

    How often can I churn given I already have Amex Plat Benz?

  • Rob philip

    Me too, and I got good value from my 100K points. Are you saying that you were approved for the card, made the spend, and then they didn’t give you the points?

  • Stephen

    Received the 100K personal platinum offer in January and again in April and finally decided to apply for it since I’m traveling for work. Haven’t spent the 3K yet so I won’t know if the 100K will post until sometime in July.
    Also received the 25K EveryDay Credit Card offer earlier this month and I’m going to apply for it as well! This is the no annual fee version. This is great since I do a lot of grocery shopping but I don’t need the bonus points for gas since I’m flying and not driving for work.

    Note: I’m not the same Stephen that asked the original question =)

  • Cheapblackdad

    You received both a 100k Plat offer for 3k in 3 months? AND a 25K everyday offer? For the no fee card?

    Jigga what/how? And jigga why don’t these things happen to me?

  • Chris

    That’s because they’re not a transfer partner of MR. look it up.

  • Chris

    It’s the same thing. Get the $200 rebate for buying $200 in giftcards from your chosen airline.

  • Cory Davis

    Thanks, I thought that was the case unless something changed over the last few days.

  • anon

    What a poor affectation. Don’t pretend.

  • Cheapblackdad

    None intended. It would take only a moment of googling my email address for you to confirm the moniker is legit.

  • Robert

    Avios are far superior to AA miles for (most) domestic flights.

  • anon

    Ok, go ahead and “keep it real”. It adds to your style.

  • Cheapblackdad

    I prefer Swag. Not style. I assure you, my speech online is not dissimilar to how I speak in person. No affectation required. And my online moniker is as descriptive as they come. So stop hatin’.

    Back on topic: How do I get targeted for this stuff?

  • Ken K.

    I have more than one AMEX card open and active. When I click on the TPG link to access the 100K offer, this is what I get:

    “You have been identified as a current American Express Card Member. You may have seen an offer advertised for this product previously, but the offer is not available to current American Express Card Members.”

  • pcg

    This was my experience with trying to downgrade the MB Plat I just dropped. The lowest they would go was to a (useless) Green for $95/year so I liquidated my MR points and dumped it.

  • Cheapblackdad

    Just do incognito or erase your browsing history abd cookies.

  • Eli

    Do I still get sign on if I already have an amex card?

  • thepointsguy
  • thepointsguy

    You can’t transfer Avios to AA. But there’s a chance Amex could come after you if you shut down your account right away or ban you from future offers. I wouldn’t be so brazen. If down the line you realize the card isn’t for you, you can cancel and get a prorated annual fee, but I think it would be a little risky (and shady) to cancel right away.

  • thepointsguy

    Amex now states on most apps that you can’t get the bonus if you’ve had that exact card in the past.

  • Cory Davis

    Thanks for the reply! Yeah, I decided against opening the card and risking any future with Amex. For now, I’m happy with my 6 Chase cards.

  • Economiler

    Pretty sure it’s actually a 20% bonus.

  • thepointsguy

    Business platinum points are worth 1.25 cents towards travel vs regular 1 cent. It’s a 25% bonus

  • thepointsguy

    Check the application for eligibility- each offer /card is different

  • gabo

    How come you just don’t set the camera down and record instead of the mildly unsteady hands.

  • R Do

    Would the offer still be worth it when given the offer below:

    Where you will get 75,000 Membership Rewards points after making purchases of $5,000 in the first 3 months (92 days) of Cardmembership..

    Thanks in advance.

  • Jason

    Just used 25K Avios for a RT to HNL from the west coast… $5. Can’t beat it!

  • Jeremiah Nolen

    FYI: I used the card match tool n creditcards.com and didn’t have an amex offer but my wife did. She had the gold 50k offer with only 1k spend. However I went to the amex page and did their offer to and was offered the 100k platinum with 3k spend and my wife didn’t have an offer. Go figure?! Moral of story, check them both. My question I’m pondering is should we jump on these offers or get two spg cards if we are wanting to go to Disney next year? Family of 4. Please help?!?

  • Finfan

    I would be very cautious of the 100k offer. I signed up for the 50k offer 3 years ago and spent well over the max in the first three months. Amex customer Service claims they were not aware of the offer, even though it was posted everywhere. I called based on a targeted mailing I received. After they ceased Admirals Lounge privileges, I downgraded to green. When I called to downgrade to green, they asked why. When I explained my issues with the initial 50k offer, they then offered 50k to keep me. After a year of dealing with their customer service…no thank you. This was a clear bait and switch.
    I agree fully with T PG, 100k is a great offer, but be ready to fight for it.

  • Luis

    100k points? In Spain they just offer 10k if you upgrade, and the cost is 540 euros, which is 675 us dollars

  • Fred

    Hey TPG,

    I’m looking at a second Amex Platinum targeted direct mail offer for a 100k sign-up bonus with $3k spent in 3 months. I cannot find anywhere in the terms, marketing mailer or the offer terms online that you can’t get this benefit twice if you’ve gotten one already, though I’ve heard the same as you mentioned above.

    I literally just got approved for my first Amex Platinum, with a similar offer last month, so seems odd they would send me a second one. I’m tempted to call them just for research purposes.

    Have you ever heard of anyone ever getting more than one sign-up bonus for the exact same card? My guess is this is a marketing error and they wouldn’t even give me a second card so soon after activating the first one.

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