PayPal credit, WeWork offer and more: Amex unveils full slate of limited-time benefits on Platinum and business cards

Jan 12, 2021

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Editor’s note: This story has been updated with the latest information.  

To kick off 2021, Amex has introduced a slew of new bonuses and benefits on both The Platinum Card® from American Express and The Business Platinum Card® from American Express.

From lucrative Amex Offers to a new PayPal monthly credit and category bonuses, Amex is coming out swinging with perks on its duo of premium travel cards.

Last year, Amex offered an array of credits for Platinum and Business Platinum cardholders, but those since expired at the end of 2020. This time around, Amex says the focus for these perks is “on online shopping, small business needs, local travel and more.”

Let’s dive into all of the details with what Amex has unveiled so far in 2021.

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In This Post

Amex Platinum

(Photo by Wyatt Smith/The Points Guy)

Up to $180 in PayPal credit

The perennial limited-time benefit on the personal Platinum was quietly announced earlier this week: an up to $30 monthly PayPal credit through June 30, 2021. The card has a $550 annual fee (see rates and fees).

That’s a total of up to $180 in statement credits with PayPal on purchases made at eligible merchants through the middle of 2021. Essentially, any merchant that accepts PayPal online will trigger the credit.

It is very easy to simply check out via PayPal at thousands of online retailers (such as Target, Walmart, Home Depot, Walgreens and many more) and pay via PayPal with your Amex Platinum card. Note that person-to-person payments, gift card purchases and prepaid card reloads are not eligible for statement credits.

Check out with PayPal at Walmart.com (Screenshot courtesy of Walmart.com)

Up to $1,700 in value with new Amex Offers

Amex says that 53% of cardholders they surveyed indicate they plan to spend more on online purchases in 2021 than in the past. Thankfully, Amex is upping the ante on Amex Offers for online shopping.

A number of lucrative Amex Offers were launched earlier this week that total up to $1,700 in value through June 30, 2021. Below is a sample of current offers (there are also numerous other offers):

  • Avis Car Rental – Spend $250+ on eligible purchases, Get $75 back, up to two times
  • BestBuy.com – Spend $50+ on eligible purchases, Get $50 back, up to two times
  • Goldbelly – Spend $100+ on eligible purchases, Get $50 back, up to three times
  • Home Chef – Spend $50+ on eligible purchases, Get $50 back, up to three times
  • HomeDepot.com – Spend $50+ on eligible purchases, Get $50 back, up to two times
  • Instacart – Spend $250+ on eligible purchases, Get $50 back, up to two times
  • Samsung – Spend $1,000+ on eligible purchases, Get $200 back, one time
  • Scribd – Spend $9.99+ on eligible purchases, Get $9.99 back, up to five times
  • The Container Store – Spend $150+ on eligible purchases, Get $50 back, up to two times
  • Virtual Personal Training by Equinox – Spend $780+ on eligible purchases, Get $130 back, up to five times
  • Wine Insiders – Spend $30+ on eligible purchases, Get $30 back, up to two times
(Screenshot courtesy of Amex)

However, note that these Amex Offers are not eligible for new cardholders; in fact, they’re limited to those who had an Amex Platinum card prior to Nov. 1, 2020.

Related: 6 Amex Platinum benefits you can use from home

Amex Business Platinum

Up to 400,000 additional points on select categories

Amex Business Platinum cardholders can now earn 5x Membership Rewards points (a bonus of 4x points) on U.S. purchases made across shipping, wireless, advertising, gas and office supplies categories. The offer is valid through June 30, 2021, and you can earn up to a total of 80,000 bonus points per category, worth $1,600 according to TPG valuations.

You must activate these elevated bonuses through Amex Offers.

If you have a single purchase of $5,000 or more, the Business Platinum card always offers 1.5x points per dollar (up to 1 million additional points per calendar year) so you have the potential to earn up to 5.5x points per dollar. The card has a $595 annual fee (see rates and fees).

(Photo by The Points Guy)

Similar to the personal Platinum card, these bonuses are limited to those who had a Business Platinum card prior to Nov. 1, 2020. Amex noted that in the coming weeks, “new Business Platinum cardholders will also receive exciting offers for their first three months of membership.”

25% off WeWork All-Access membership

At the end of 2020, Amex eliminated one of the most notable perks on the Business Platinum card: a Global Access membership to any of WeWork’s 300+ coworking locations.

Well, now, Amex has announced that all business cardholders have a 25% off Amex Offer for WeWork All-Access, a rebranded version of what was previously offered complimentary on the Business Platinum. The offer runs through June 30, 2021.

This membership tier includes “hot desks” at popular WeWork locations (not private workspaces), access to any premium amenities, services and more. Currently, new WeWork members get the first month free and it’s $299 per month thereafter.

The good news is that all eligible Amex business cardholders — including those with a cobranded business card — are eligible for this offer. That means cards such as The Blue Business® Plus Credit Card from American Express, American Express Blue Business Cash™ Card, American Express® Business Gold Card, etc. are eligible.

(Screenshot courtesy of Amex)

The end of 2020 also marked the conclusion of Amex’s many temporary credits. On the Business Platinum card side, the loss of the extra up to $200 Dell credit and up to $320 wireless and shipping credit were a significant blow, especially as travel remains limited with the ongoing pandemic.

However, along with these bonuses outlined above, the Business Platinum still retains other credits, such as its annual up to $200 airline fee credit and up to $200 in statement credits each year for any U.S. Dell technology purchases.

Related: 10 items you can get with the Amex Business Platinum’s Dell statement credit

Other business cards

(Photo by John Gribben for The Points Guy)

Up to $250 back

With this bonus, eligible Blue Business Plus, American Express Blue Business Cash™ Card, and other eligible Amex small business cards can receive $25 back via statement credit on purchases greater than $500 up to 10 times, through June 30, 2021.

That’s 5% back, which is a fantastic boost, especially for the Blue Business Plus card. That card already earns 2x Amex points on the first $50,000 spend on the card annually (then 1x). There are no bonus categories to keep track of and 2x points are equal to a 4% return based on TPG valuations.

Small business merchant offers

(Photo by vgajic/Getty Images)

American Express also announced that small business merchant partners will continue to get new offers and tools to help them manage and run their business. Last year, Amex says it made more than $15,000 in discounts on services available to businesses to help them “save on shipping, connect with customers, streamline their operations, and more.” Some of the most recent offers include:

  • 30% off social media management solutions from Sprout Social
  • Get four months free from BigCommerce for building an online store

Hotel, car rental and air offers

According to Amex’s Trendex survey, 68% of respondents said they expect to take a trip in 2021 that they couldn’t take in 2020, with 28% of consumers in December reporting they are planning a trip in the next 60 days.

These offers are specifically targeted for staycations or nearby getaways.

The Hotel Collection complimentary night or property credit: Those with a U.S. Amex Platinum, Business Platinum or American Express® Gold Card can receive a complimentary night or property credit of up to $150 or more after booking an eligible stay through American Express Travel at participating Hotel Collection properties. Only select hotels are offering this and bookings must be made from Jan. 5 through March 31, 2021 for a stay starting on Jan 5. and completed by April 30, 2021.

Fine Hotels and Resorts complimentary night or property credit: Those with a U.S. Amex Platinum or Business Platinum can receive a complimentary night or property credit of up to $250 or more after booking an eligible stay through American Express Travel at more than 350 participating Fine Hotels and Resorts properties. Only select hotels are offering this and bookings must be made from Jan. 5 through March 31, 2021, for a stay starting on Jan 5. and completed by April 30, 2021.

The “Special Offers” section of Amex Fine Hotels and Resorts. (Screenshot courtesy of Amex)

 

Discounted flights: Those with a U.S. Amex Platinum or Business Platinum can access lower fares on select routes, flights and seats, with the ability to save up to 20% off the publicly listed ticket price. These lower fares are available with participating airlines for eligible flights and seats booked between Jan. 10, 2021 and March 31, 2021 for travel from Jan, 10, 2021 through May 31, 2021.

(Screenshot courtesy of Amex)

Related: Here’s how Amex Platinum cardholders can book discounted domestic airfare

Pay with points on prepaid car rental bookings: For those renting a car to enjoy a local getaway, Membership Rewards program enrolled cardholders can now use Pay with Points or earn 2x Membership Rewards points on prepaid car rental bookings through AmexTravel.com. However, on a test booking, Amex was offering a rate of 0.7 cents per point, much lower than the TPG valuation of 2 cents per point.

For all of these Amex Travel offers above, you should be able to use your $200 Amex Travel credit that is available to personal Platinum cardholders who renew their card between April 2020 and March 2021.

Additionally, American Express will waive the American Express Travel fee on flight modifications or new bookings now through March 31, 2021.

Related: Amex sweetens the deal for airline, hotel, car rental bookings

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

Additional reporting by Summer Hull. 

Featured photo by The Points Guy. 

The Business Platinum Card® from American Express

Aside from the 85,000-point welcome bonus, 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 (up to a cap amount), earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive an up to $200 annual airline fee credit each calendar year.

Apply Now
More Things to Know
  • Earn 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card plus earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category, all within the first 3 months of Card Membership.† Terms Apply.
  • Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.
  • Terms Apply.
  • See Rates & Fees
Regular APR
14.24% - 22.24% Variable
Annual Fee
$595
Balance Transfer Fee
N/A
Recommended Credit
Good, Excellent
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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