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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

Earlier this year, American Express announced that their Business Platinum card would be losing its 20% Pay with Points rebate—a perk that earned holders of this card 1.25 cents per point (rather than simply 1 cent per point) when redeeming points directly through Amex travel for airfare on any airline.

However, they’ve since back-pedaled on this decision, and will now allow holders of this card to earn a 30% Pay with Points rebate for one airline, similar to the current $200 airline fee credit. This new rebate will go into effect on July 1, 2015.

American Express will be adding a 30% Pay with Points credit.
American Express will be adding a 30% Pay with Points credit.

My Thoughts

First, I’m glad that American Express has taken another look at the Pay with Points rebate for the Business Platinum, and instead of removing it, will actually be increasing it to a 30% rebate.

The major downside of this new rebate is that it will be applicable on only one airline of the cardholder’s choice; the present 20% rebate (or 25% bonus, depending on how you look at it) can be applied to any airline. However, if you have strong loyalty ties to one airline, then this shouldn’t be a problem.

Just remember that the airline you choose for this new 30% rebate will have to be the same airline for which you receive your $200 airline fee credit—so choose that airline wisely.

Note that this benefit will only be available to Business Platinum cardholders. Those with the personal American Express Platinum card are not eligible for this 30% rebate— at least not yet.

What are your thoughts on this new enhancement to the Business Platinum card?

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.

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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
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Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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.