Now doubled: Earn up to 1 million points back with the Amex Business Platinum’s Pay with Points rebate

Jan 14, 2022

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One of the most premium business rewards cards on the market, The Business Platinum Card® from American Express, just made one of its best benefits even better.

American Express quietly doubled the maximum number of points Amex Business Platinum cardmembers are rebated each calendar year when redeeming for flights through Pay With Points from 500,000 to a cool 1 million.

Unlike some of the other recent changes to the card, which included new and increased annual statement credits, this one wasn’t announced publicly. Cardholders received news of the change in their card member legal discloser in October and the higher points cap went into effect Jan. 1, 2022.

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If you’re not familiar, Amex Pay With Points is an option where you can redeem your Membership Rewards points directly for flights through Amex Travel at a flat rate of 1 cent each. With the Amex Business Platinum, you get a rebate of 35% of your points when redeeming for first- or business-class ticket on any airline, or economy tickets on one airline of your choice. That effectively brings your per-point value through such redemptions to 1.54 cents.

Under the old cap, those who wanted to maximize the rebate could redeem up to 1.42 million points at the more favorable rate. Everything after that would be at 1 cent per point. Now, businesses can redeem up to around 2.85 million points and still receive the rebate. That might seem like a lot of points, but for many small businesses that rack up a lot of expenses during the year and like to use their points to offset the cost of employee travel, Pay With Points can be a tremendous money-saving benefit. Now it’s even more valuable.

Responding to an email inquiry about the change, American Express’s Global Commercial Card Executive Vice President, Courtney Kelso, wrote, “When we launched the new Business Platinum Card in the U.S. in October we wanted to provide Card Members with more ways to earn rewards based on their spending needs, plus even more ways to use their points. Increasing the cap on the 35% Airline Bonus benefit allows us to offer more value to more Card Members.” Although Kelso did not provide much detail, presumably this redemption method was popular among those with the Amex Business Platinum and raising the rebate limit is a development that many should find rewarding.

Why use Amex Pay With Points?

(Photo by Zach Griff/The Points Guy)

You don’t have to carry the Amex Business Platinum Card to use Pay With Points. It’s open to those with other cards that earn Membership Rewards points, including The Platinum Card® from American Express and the American Express® Gold Card.

However, the Amex Business Platinum Card is unique in that cardmembers get a 35% rebate on the points necessary for redemptions under certain circumstances noted above. It’s true, the American Express® Business Gold Card offers a similar rebate on first- and business-class tickets on any airline as well as economy tickets on the one airline of your choice, but it’s only 25% and is capped at 250,000 points back per calendar year.

For its part, the Centurion Business Card from American Express (more commonly known as the business version of the Black Card) offers a 50% rebate on all Pay With Points flight redemptions, but very few people carry this card. The information for the Centurion Business Card from Amex has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

By comparison, the unique combination of a substantial rebate and a high points cap that just got even higher make this Pay With Points perk a major selling point of the Amex Business Platinum Card. There are plenty of reasons you might want to redeem points this way rather than transferring your points to one of the program’s airline partners, too.

First, you get a solid base value of 1 cent per point, and even more with the rebate. Second, you don’t have to hassle with finding award availability through a frequent-flyer program. Finally, using Pay With Points is basically just paying cash for a ticket, only using points at a fixed rate. As such, you’ll still earn award miles and elite-qualifying metrics on your travels, unlike if you redeemed frequent-flyer miles for a ticket.

For businesses that accumulate a lot of Amex points and have significant travel needs, the rebate on Pay With Points redemptions that the Amex Business Platinum confers can mean substantial savings throughout the year.

Related: The ultimate guide to Amex Pay With Points

New year, new benefits

The increased Pay With Points rebate cap is just one of the new or improved benefits the Amex Business Platinum Card has introduced recently. Among the other notable ones are better earning rates that include racking up 1.5 points per dollar on up to $2 million in eligible purchases in the U.S. per calendar year with:

  • Electronic goods retailers.
  • Software.
  • Cloud service providers.
  • Construction materials and hardware supplies.
  • Shipping providers.
  • Purchases of $5,000 or more.

That’s in addition to accruing:

    • 5 points per dollar spent on flights booked through Amex Travel.
    • 5 points per dollar on prepaid hotels booked through Amex Travel.
    • 1 point per dollar on other eligible purchases

The card also now offers over $1,400 in annual statement credits:

Credit  Annual amount   New or existing How it works
Dell Up to $400 Existing, but up from $200 as of October 2021 Annual statement credit on all U.S. Dell purchases, up to $200 semiannually. This is a $200 increase from the existing Dell benefit.
Indeed Up to $360 New as of October 2021 Annual statement credit on all Indeed hiring and recruiting products and services to post open positions and find talent, up to $90 per quarter.
Adobe Up to $150 New as of October 2021 Annual statement credit on select purchases, including Adobe Creative Cloud and Acrobat Pro DC.
Wireless telephone services Up to $120 New as of October 2021 Annual statement credits for purchases made directly from any U.S. wireless telephone provider, up to $10 per month.
Clear Up to $189 New as of July 2021 Statement credits toward an annual Clear membership for expedited airport security.
Airline fee Up to $200 Existing Annual airline fee credit of up to $200 on charges by the airline you select per calendar year.
Global Entry or TSA PreCheck Up to $100 Existing Statement credits for Global Entry ($100) or TSA PreCheck ($85) every four years (4.5 years for PreCheck).

Enrollment is required for select benefits. 

Just keep in mind that the card’s annual fee has now increased to $695 per year (see rates and fees).

Related: Big bonus, new benefits: Review of the Amex Business Platinum with 120,000 points

Bottom line

All in all, the doubling of the Amex Business Platinum’s Pay With Points 35% Pay With Points rebate from 500,000 points per calendar year to 1 million is an excellent development for cardholders who enjoy this option. If you’re a cardholder and your redemption qualifies for the 35% rebate, you’re effectively getting a 1.54 cent-per-point value, and now you can do so on over 2.85 million points per year as opposed to the old cap of around 1.42 million.

For small businesses that can use points to cover the cost of employee travel, this new rebate ceiling can amount to considerable savings. This is also why it’s important to check the updated documentation your card issuers send you every year since, if you didn’t read about this perk revision there (or here), you might miss out on such savings.

If you don’t yet have The Business Platinum Card® from American Express, new applicants can currently earn 120,000 points after spending $15,000 on eligible purchases within the first three months of card membership.

Additional reporting by Chris Dong.

 For rates and fees of the Amex Business Platinum Card, please click here.

Marriott Bonvoy Business® American Express® Card

Receive 1 Free Night Award every year after your Card account anniversary. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy points) at hotels participating in the Marriott Bonvoy program.

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More Things to Know
  • Limited Time Offer: Earn 125,000 Marriott Bonvoy Bonus Points after spending $5,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 8/31/22.
  • 6x points at hotels participating in the Marriott Bonvoy™ program.
  • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
  • 2x points on all other eligible purchases.
  • Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly. Terms and Conditions Apply.
  • Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy points) at a participating hotel. Certain hotels have resort fees.
  • Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card.
  • Terms apply.
  • See Rates & Fees
Regular APR
17.99% - 26.99% Variable
Annual Fee
$125
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the 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.

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