Why I love the Amex Business Platinum’s Pay With Points perk

Nov 5, 2021

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The Business Platinum Card® from American Express offers frequent travelers several ways to add elements of luxury to their travel plans. From flight discounts to hotel elite status and a comprehensive airport lounge access benefit, the Amex Business Platinum Card delivers unparalleled travel perks that you can only find with a premium travel rewards card.

The card does come with a $595 annual fee that will be bumped up $100, to $695 (see rates and fees) on Jan. 13, 2022. However, this fee can be offset by the plethora of travel perks and a new welcome offer of 120,000 Membership Rewards points after you spend $15,000 on eligible purchases within the first three months of card membership. 

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Just to name a few of the valuable features that accompany the Amex Business Platinum, cardmembers can enjoy credits – such as up to $400 in statement credits each calendar year for U.S. Dell technology purchases and an up to $200 annual airline fee statement credit – that combined would roughly equal the soon-to-be increased annual fee. Enrollment required for select benefits.

The perks don’t stop there.

In total, the Business Platinum has well over $1,000 in statement credits that outweigh the annual fee if maximized. There are additional travel benefits such as access to Amex Centurion Lounges and Delta Sky Clubs (on same-day Delta flights), hotel elite status with Hilton Honors and Marriott Bonvoy and cellphone protection. Enrollment is required for select benefits.

But the one beloved Amex Business Platinum perk that I hold near and dear to my heart is the Pay With Points rebate. Let’s take a closer look at this favorite benefit of mine and see why it’s so incredibly valuable to cardholders.

Related: Everything you need to know about Amex Pay With Points

In This Post

What is the Pay With Points rebate?

Most travel-focused premium cards offer flight-related benefits or credits, but the Amex Business Platinum has a unique airfare rebate for anyone who redeems their Membership Rewards points to pay for qualifying flights through Amex Travel.

By utilizing the Pay With Points function to pay for airfare through Amex Travel, Membership Rewards points are worth one cent apiece. While that isn’t too exciting, with the Amex Business Platinum card specifically, you can get 35% of your points back on first- or business-class tickets on any airline or an economy ticket on one airline of your choice (up to 500,000 points per calendar year).

You can also use the Pay With Points feature towards card charges, gift card purchases, car rental, and hotel purchases through Amex Travel, but you will be redeeming points at less than 1 cent each, well below the 2 cents apiece that TPG values Membership Rewards points, so using it toward airfare is a better proposition.

There are three Amex cards for small businesses that offer a Pay With Points rebate, ranging from 25% to 50% Membership Rewards points back when you pay with points (terms apply):

  • The Business Platinum Card® from American Express: Earn 120,000 points after you spend $15,000 on eligible purchases with your card within the first three months of card membership. This card offers a 35% Pay With Points rebate on eligible flights (up to 500,000 points per calendar year).
  • American Express® Business Gold Card: Earn 70,000 bonus points after you spend $10,000 on eligible purchases in the first three months of card membership. This card’s Pay With Points eligible flight rebate is 25% (up to 250,000 points per calendar year).
  • The Centurion Business Card from American Express: Applications by invitation only. This card offers a 50% Pay With Points rebate on eligible flights.

The information for the Centurion Business card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

(Photo by Ryan Patterson/The Points Guy)

How does the Pay With Points rebate work?

Amex Business Platinum cardmembers are required to designate an airline each year with which they plan to use their annual up to $200 airline incidental fee statement credit. For the Pay With Points rebate, cardmembers will receive a 35% rebate of the total points used when paying for any flight on that selected carrier or on any business- or first-class flights booked through the Amex Travel portal, up to 500,000 points back per calendar year.

Factoring in that 35% rebate means the value you can get from your Membership Rewards points is 1.54 cents apiece rather than the usual 1 cent apiece when redeeming through Pay With Points for flights using other non-bonused Amex cards – a 54% bonus.

Assuming you have the Amex Business Platinum and redeem for eligible flights, you should receive the points rebate automatically.

(Screenshot courtesy of American Express)
(Screenshot from American Express)

As you can see from my screenshots, it took about four weeks to receive my 35% points rebate from a business-class flight I booked on Delta from New York’s John F. Kennedy International Airport (JFK) to McCarran International Airport (LAS) in Las Vegas using the Pay With Points function.

With my original redemption, I spent 59,391 points for a $594 airfare, but that got slashed down to a mere 38,604 thanks to the 35% Pay With Points rebate on my Business Platinum.

How to maximize the Pay With Points rebate

Air France and KLM Planes
(Photo by Markus Mainka/Shutterstock)

Amex Travel offers several ways to save on bookings, including “Insider Fares” and discounted “Recommended Fares.” For international travel on certain airlines, you may be able to knock the price down even more when booking through the American Express International Airline Program (IAP).

When analyzing booking direct with the airline versus through Amex Travel, you’ll notice sometimes fares are equal. However, thanks to American Express Insider Fares, travelers can get even greater discounts when booking their flights with Membership Rewards Points.

Here’s how to stack those discounts along with the Pay With Points rebate to get even more value from carrying the Amex Business Platinum.

Related: How to maximize the Amex Business Platinum’s 35% Pay With Points rebate on flights and when you might want to do so

Stacking discounts and rebates

The Iberia flight in business class shown here is $2,228 round-trip via Google Flights, which is the price you’d pay if you booked directly with Iberia. 

(Screenshot from Google Flights)

The Insider Fares through Amex Travel reflects the same base fare of just over $2,227, but it’s discounted to $2,080 or so, and instead of 222,717 Membership Rewards points, you’d only need 208,017 of them at the standard 1-cent-per-point rate. 

(Screenshot from Amex Travel)

However, when you stack the Amex Business Platinum’s 35% points rebate on top of that, you’ll only be out of pocket 135,211 points, which is closer to a 39% discount overall.

Earning miles and elite status

Aside from the tremendous possible points savings you can enjoy by layering these two benefits, the other significant benefit to booking flights this way is that airlines basically treat them like cash bookings. So instead of having to search for award availability and avoid blackout or peak dates, you can simply book any ticket that’s available. What’s more, since the flights are considered as paid ones, you should earn award miles and elite-qualifying metrics just as you would if simply paying for your flights.

Related: Why the Amex International Airline Program discount is worth it

Bottom Line

The Business Platinum Card® from American Express offers several great benefits, but the Pay With Points 35% rebate can be one of the most significant if you frequently fly in premium cabins. Not only can it save you hundreds of thousands of points per year, depending on how you book, but you can stack it with other discounts offered through Amex Travel. 

This is a win-win in my book, my favorite card perk, and one of the many reasons why I continue to keep my Business Platinum Card year after year.

Here’s the official link to apply for the refreshed Business Platinum Card from American Express with a 120,000-point welcome bonus.

Additional reporting by Juan Ruiz.

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

Featured photo by Isabelle Raphael/The Points Guy.

Delta SkyMiles® Platinum American Express Card

Earn 50,000 bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $2,000 in purchases on your new card in the first three months of card membership. Plus, earn up to $100 back in statement credits for eligible purchases at U.S. restaurants in the first three months of card membership.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Earn 50,000 Bonus Miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $2,000 in purchases on your new Card in your first 3 months.
  • Plus, earn up to $100 back in statement credits for eligible purchases at U.S. restaurants with your card within the first 3 months of membership.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
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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