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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 OPEN, 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 OPEN 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.
Aside from the 75,000 points 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, earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive a $200 airline fee credit each year.
- Welcome Offer: Earn up to 75,000 Membership Rewards® points.
- Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.†
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
- Get 50% more Membership Rewards® points. That's 1.5 points 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.
- You can also receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel.
- You can enjoy access to The American Express Global Lounge Collection℠ offering access to the most lounges across the globe, when compared with other U.S. credit card offerings. As of 11/2017
- Terms Apply
- See Rates & Fees