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Amex Offering Targeted Promotion for 250,000 Points with the Business Platinum Card

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American Express is known to offer fantastic targeted sign-up promotions. Last month, Amex offered a 100,000-point sign-up bonus for the Platinum Card after spending $3,000 in the first three months. And since Amex usually only allows a person to get a credit card sign-up bonus once in a lifetime, it makes sense to wait until there is an amazing offer.

Well, now Amex is targeting business customers with an intriguing offer to say the least, offering an opportunity to earn up to 250,000 Membership Rewards points for signing up for the Business Platinum card. Unfortunately this isn’t the most straightforward bonus offer, though. You can earn 50,000 points after $5,000 in spending in the first six months, and then you get another 20,000 points for each purchase of $5,000 or more up to 10 times within the same time period.

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Amex is targeting business customers with 250,000 bonus Membership Rewards points.

So, effectively, after the first $5,000 in spending, you’ll be earning 5 points per dollar spent for every $5,000 purchase. There’s tremendous earning potential here, but with $55,000 in spending and the $5,000 purchase minimums, it would be almost impossible to satisfy the requirements if you don’t run a not-so-small business.

While it comes along with a hefty $450 annual fee, the Amex Platinum card can be tremendously valuable for frequent travelers, thanks to its $200 annual airline credit (which may possibly be used for Amazon gift cards), lounge access (including Amex-branded Centurion Lounges), Hilton and Starwood Gold status, Global Entry credit and more. You also get access to Amex’s Platinum Concierge service and the Amex Fine Hotels & Resorts program.

TPG values Membership Rewards points at 1.9 cents eachthanks in part to Amex’s transfer partners, making this bonus worth a stunning $4,750. If you’ve been on the fence about Amex Platinum or the Business Platinum Card, and you can meet the requirements here, now’s the time to jump!

The Business Platinum Card® from American Express OPEN

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  • 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.
  • The Business Platinum Card's premium benefits include world-class platinum service, travel benefits, rewards that can help reduce expenses and access to one-of-a-kind events.
  • Membership Rewards® Program: Get one point for each dollar of eligible purchases. There is no limit to the number of points you can get.
  • 30% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 30% of the points back.
  • Airport Lounge Access Program: Elevate your business travel experience with complimentary access to over 700 airport lounges worldwide.
  • Complimentary internet access: Enroll your Card with Gogo and Boingo and get 10 Gogo inflight internet passes annually and unlimited Wi-Fi at Boingo hotspots.
  • Terms & Restrictions Apply
  • See Rates & Fees
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A N/A $450 0% Excellent Credit