Amex Increases Points Back Cap for Business Platinum
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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. Here’s a list of our best business credit cards.
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.