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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.
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 each, thanks 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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