Travel Rewards Credit Cards

Oct 07

American Express Business Platinum Ups Its Game (And Bonus)

American Express seems to be feeling some pressure from the Chase Sapphire Reserve card, which recently launched with a huge sign-up bonus. A few days ago, they announced that you would earn five Membership Rewards per dollar spent on travel with your American Express Platinum card.

Now, the company has introduced a 100,000 point sign-up bonus on its American Express Business Platinum Card. Here’s how it works:

  • Spend $5,000 in the first three months and you’ll get 50,000 Membership Rewards (MR) points
  • Spend another $10,000 during that period and you’ll earn 100,000 MR points

The card has a $450 annual fee, but don’t worry about that number for now. Nobody pays retail without some reimbursements.

Base Benefits

If you are a frequent traveler, this is an okay card. If you are a frequent Delta traveler, this is a good card. Many of the traditional benefits will help offset the annual fee, including:

  • An annual $200 credit toward any airline fees charged to the card. That knocks the annual cost down to a net of $250.
  • A $100 reimbursement for Global Entry every five years.
  • Airport lounge access: This one is big. You get access to Delta lounges, American Express Centurion lounges, Priority Pass clubs and a few other specialized locations. You may never need to sit in a hard plastic chair at an airport again!
  • Free Boingo Wi-Fi access at over a million hotspots and 10 Gogo Inflight internet passes annually. If you ever need the internet on an airplane, this card will save you a fortune.
  • A bunch of other cool stuff.

New Benefits

american express business platinum card

New benefits for the card

This has never been a great card to earn rewards on; the best rewards have always been the ones that I mentioned above. But it did get a little better with the new iteration of the card.

  • Spend $5,000 in a single purchase and you’ll get 1.5 MR points per dollar, not a single point. Note that the merchant needs to record it as a single purchase. If the merchant divides it up, you only get the base points.
  • A 50% rebate on flight spending with points. Normally, if you use your points to buy an airline ticket, American Express will value them a a penny each. Now, they’ll refund 50% of those points, so each one is effectively worth two cents.

The Bottom Line

This card is still what I would call a “borderline” card. If the travel benefits make sense for you, you should absolutely have it. But if you are not a frequent traveler, particularly on Delta, it’s hit or miss. Having said that, anyone can take advantage of the sign-up bonus.

Visit my credit cards for charity page for any and all credit cards.

 

HT: View From the Wing

 

 

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