Amex Increases Points Back Cap for Business Platinum
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Update: Some offers mentioned below are no longer available. View the current offers here – The Business Platinum® Card from American Express
American Express is strengthening its points back bonus. When the bank first introduced the benefit last year for The Business Platinum® Card from American Express, it offered 50% points back when redeeming against paid airfare. The issuer reduced that to 35%, perhaps after realizing how great of a benefit that was, since cardholders were getting 2 cents per point in value.
Amex capped the amount of points back at 500,000 per calendar year. Now, it’s offering a new promotion for high spenders that increases that cap.
After spending $1 million in 2018 on your Business Platinum Card you can get up to 1 million points back in 2019. If you spend $3 million in 2018, you can get up to 3 million points back in 2019.
For business owners who spend a lot on their Business Platinum, this is a solid benefit. When redeeming for paid airfare now, you receive 35% of your points back, getting you 1.54 cents per point in value. If your business is going to spend $1 million or more this year, keep in mind that it could be worth diversifying your spend on cards with better bonus categories.
The Business Platinum Card from American Express is currently offering a 75,000-point welcome offer where you can earn 50,000 points after spending $10,000 in the first three months and earn an additional 25,000 points after spending an additional $10,000 in the first three months. The Business Platinum also offers 1.5x points on purchases over $5,000, up to 1 million additional points per year.
H/T: TPG Reader Theresa S.
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