How to achieve the Amex Business Platinum’s spending requirement to earn 120,000 points

Oct 18, 2021

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Credit card welcome bonuses are the fastest and easiest way to fund your upcoming vacation for (almost) free. They’re often relatively effortless to earn, and they can be worth thousands of dollars.

However, some of the most lucrative bonuses are predicated on meeting high spending requirements. The Business Platinum Card® from American Express is currently offering an elevated welcome bonus of 120,000 Amex Membership Rewards points after spending $15,000 on eligible purchases within the first three months of card membership. If your small business engages in meaningful spending, this shouldn’t be a problem. For the rest of us, we might need a strategy to achieve this tempting bonus.

Plain and simple, when you’re trying to meet a minimum spending requirement, you should funnel all your spending through a single card. If you still don’t think you’ll be able to achieve the spending requirement, this post will help you get creative.

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Why it’s worth getting the Amex Business Platinum

(Photo by Ryan Patterson/The Points Guy)

The Amex Business Platinum is one of the most benefits-rich cards on the market — particularly after its recent addition of new benefits worth over $1,000 in statement credits annually. Here’s what you’ll get for its $595 annual fee ($695 if application received on or after 1/13/2022) (see rates and fees):

  • Up to $400 in annual statement credits on all U.S. Dell purchases, up to $200 semiannually.*
  • Up to $200 in annual airline fee credits on charges by your airline of choice.*
  • Up to a $100 statement credit for either Global Entry or TSA PreCheck application every four years (or 4.5 years for PreCheck).
  • Amex Global Lounge Collection, which gives you access to airport lounges around the world — including Amex Centurion Lounges.
  • Up to $360 in annual statement credits on Indeed hiring and recruiting products and services (up to $90 per quarter).*
  • Up to $150 in annual statement credits on select Adobe purchases, such as Adobe Creative Cloud and Acrobat Pro DC.*
  • Up to $120 in annual statement credits for purchases made directly from any U.S. wireless telephone provider (maximum of $10 per month).*
  • Up to $189 in annual statement credits toward Clear, a trusted traveler program that expedites airport security.*
  • Amex Fine Hotels + Resorts, which provides elite benefits such as a room upgrade, free breakfast, late checkout, etc., with an extensive collection of luxury hotels.
  • Cellphone protection, with a maximum of $800 per claim and a limit of two approved claims per 12-month period. Note that a $50 deductible will apply.
  • Access to the Cruise Privileges Program and the International Airline Program.
  • Upgrade with Points to request an airline ticket upgrade on select airlines.
  • A 35% rebate when you Pay with Points for a first- or business-class ticket on any airline or an economy ticket on one airline of your choice (up to 1 million points per calendar year).

*Enrollment is required for some benefits, and terms apply.

Here are the earning rates for the card:

  • 5 points per dollar when purchasing flights and prepaid hotel rooms through Amex Travel.
  • 1.5 points per dollar on electronic goods retailers and software cloud service providers, shipping providers, construction materials and hardware supplies.
  • 1.5 points per dollar for all purchases of $5,000-plus.
  • The 1.5 earning rates are subject to a combined cap of $2 million in eligible U.S. purchases per calendar year.
  • 1 point per dollar on other eligible purchases.
  • Terms apply.

It’s also worth mentioning that beginning Jan. 13, 2022, the annual fee will increase to $695. You can read our full Amex Business Platinum review to learn more about these benefits.

Welcome bonus

The Amex Business Platinum currently offers 120,000 Amex Membership Rewards points after spending $15,000 on purchases within the first three months of card membership. That’s a 20,000-point increase over the last publicly available offer and one of the best bonuses we’ve ever seen for this card.

TPG estimates Amex points value to be 2 cents each. That makes this bonus worth $2,400 in travel — and potentially significantly more if you know how to redeem American Express Membership Rewards for maximum value.

Strategies for meeting minimum spending

If that minimum spending requirement of $15,000 within the first three months looks daunting, here are some creative ways you might be able to hit it — while remaining financially responsible, of course.

(Photo by Anna Efetova/Getty Images)

Holiday gifts

Lots of points and miles enthusiasts open a new card or two before the holiday season. That’s because they know they’ll have a large bill from travel, gifts, and other holiday-related expenses. If you know you’ll be spending a lot of money soon, you may as well alleviate the sting with a massive welcome bonus.

Prepay expenses

This may fail to move the needle significantly with a spending requirement of $15,000, but there are plenty of bills that you can pay in advance. Things like utilities, car or renters insurance, phone bills, etc., may allow you to overpay. If it’s within your means, you might want to pay your utilities and other bills a few months in advance if it helps you meet the spending requirements for this card.

Add authorized users

The Amex Business Platinum is a small-business card. If you’ve got employees, help them help you by adding them as authorized users — at least during the first three months. Their spending will count toward satisfying the $15,000 spending requirement.

Authorized users on this card don’t actually have to be employees. You can add friends and family members, as long as you trust them. Remember, you are responsible for paying off any balances they rack up as the primary cardholder.

Pay taxes

Depending on the nature of your small business, the quarterly or yearly taxes you owe may alone fulfill your $15,000 minimum spending requirement. You can often pay state and property taxes with a card via ACI Payments, Inc. You can also take a glance at the list of IRS-approved tax payment service providers for more options.

Just note that paying taxes by card will draw some unwanted fees. For example, PayUSAtax currently charges 1.96% of your transaction amounts. If you were to pay $15,000 in taxes with this method, you’d lose $294 in fees. That sounds steep, but to earn a welcome bonus worth $2,400 (according to TPG valuations), it could be well worth it — especially if you don’t think you can hit the Amex Business Platinum minimum spending requirement any other way.

Pay rent

Some apartment buildings accept a card as payment for rent. This can be a useful aid for those struggling to meet a high minimum spending requirement, as this is likely your single biggest monthly expense. Some landlords may even allow you to prepay for future months of rent.

Paying for rent with a card almost always will incur both a convenience fee and/or a transaction fee. That’s why you should avoid this method unless there’s a welcome bonus in your crosshairs. However, some real estate companies have waived the fee in light of COVID-19. If you’re one of the lucky tenants, take full advantage.

Use Plastiq

You can pay more expenses by card than you think. Whether it’s a car payment, tuition or daycare — or even if you rent from a landlord that doesn’t accept cards — you can use a service called Plastiq. In short, Plastiq will charge your card for a stipulated amount and mail a check to whomever you desire.

There are two caveats:

  • You can’t pay your mortgage via Plastiq with an American Express card.
  • You’ll pay a fee for using Plastiq (2.85% at the time of writing).

You can read our review of how Plastiq works for more details.

Related: Your vendor doesn’t accept credit cards — what now?


Don’t overspend

A trap into which you may unwittingly fall is overspending to achieve a welcome bonus. If you don’t remain strict with your budget, you might later realize that you spent more to earn that valuable bonus than it was worth in the first place.

Don’t carry a balance

Overdue balances are the arch-nemesis of card rewards. Interest charges and late fees will soon negate any miles and points you may accrue from spending if you carry a balance month to month. You could end up spending a small fortune in interest if you don’t pay off your bill in time and in full every month. With the Amex Business Platinum, you could even find your account frozen until you pay off any amounts owed, so be extra careful.

Wait to apply at the right time

Again, if you know you’ve got a big purchase in the near future, coordinate that with the Amex Business Platinum’s minimum spending window so that the purchases hit during its three-month time frame. If your big purchases aren’t within the next three months, there’s no harm in waiting to open the card.

Spend organically first

Whether or not you’re able to spend the full $15,000 organically, it’s worth holding off on utilizing any fee-laden methods above until necessary. Perhaps in the first two months of account opening, you were able to spend $1,000 more than you thought. You’ve then saved potentially $28-plus in fees that you would have otherwise spent.

Bottom line

A $15,000 spending requirement isn’t for everyone. But if you can swing it, this 120,000-point Amex Business Platinum welcome offer is currently one of the best on the market. If you can’t achieve the spending organically, you could:

  • Use the card for upcoming holiday purchases.
  • Prepay expenses into the future, such as insurance, car payment, rent, etc.
  • Add authorized users to your card.
  • Pay taxes with your card.
  • Use Plastiq to pay bills that don’t normally accept cards with your Amex Business Platinum.

Let us know if you have any creative tips for reaching minimum spending with the Amex Business Platinum!

Official application link: Amex Business Platinum 120,000-point offer

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

Featured photo by Morsa Images/Getty Images.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.

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
  • Limited Time Offer: Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.
  • 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 up to 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 in the U.S., 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 $80 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 PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • 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
17.24%-26.24% Variable
Annual Fee
Balance Transfer Fee
Recommended Credit
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.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.