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Targeted Amex Business Platinum 250K Offer: How Much Spend Do They Want?

Shawn Coomer
Shawn Coomer

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Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

Amex Business Platinum 250K

Amex Business Platinum 250K

Last year I wrote about and completed a 150K bonus on the American Express Business Platinum card. That offer gave 100K Membership Rewards points after $10K in spend during the first 3 months and an additional 50K points after another $10K in spend. I thought it was a great deal, but the spend was a bit steep.

Well, if 150K excited you, look at this offer that Matt Holland posted on Twitter:

What Is The Catch?

Well that looks phenomenal. Actually, that looks better than anything I have seen before, but of course there is a catch. Here is the STEEP spending requirement to get the full 250K bonus:

So here is the way it works. You earn 50,000 Membership Rewards points for $5,000 in spend. Pretty typical. Then, you earn an additional 20,000 bonus points for each additional $5,000 in spend up to 200,000 additional points. If we add that all up, it equates to 250K after $55K in spend. Wow!

Another Way to Look At It

Update: As others have pointed out, you only earn the additional 20K chunks for each $5K purchase and not a cumulative amount of purchases. That makes this even tougher.

Now let’s compare this offer to the 150K offer I met on the Business Platinum card last year. That card had an initial bonus of 100K after $10K in spend. That is the same ratio as this offer. (50K after $5K.) It then had an additional 50K after $10K in spend. That is slightly better than this offer, but the cap is lower.

Basically after you meet the minimum spend of $5K to get the 50K bonus, you are earning 5X everywhere on the additional $50K in spend. (1X normal earning plus the bonus.) Is 5X very very good? Yes it is, but it isn’t the best earning rate for a sign-up bonus and having to meet that much spend within 6 months could be tough. Since you can only get one sign-up bonus per lifetime on each Amex product, this will be a tempting offer, but one hard to complete for most.

Conclusion

I absolutely think this offer is very good for someone who can easily meet the $55K requirement to scoop up all of the points. I suspect many people wouldn’t be able to do that. Of course this offer is targeted and most of us won’t ever get a chance to apply for it anyway. With that said, is the spend requirement too much? Would you do it or pass? Let us know in the comments!

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Shawn Coomer
Shawn Coomerhttps://milestomemories.com/
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

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27 COMMENTS

  4. i would do this in a heart beat if i had the chance! 55K spend would be sooo much fun!

    I pad pro…….bye a new computer and sell my apple desktop…new clothes….gift cards….etc!

    ahhhh the possibilities!!

  8. Probably the easiest thing to do would be make $5,000 payments towards your quarterly taxes, you might have to float money if that’s more than you pay in taxes though.

  9. […] Targeted Amex Business Platinum 250K Offer: How Much Spend Do They Want? by Milestomemories. I was planning on writing a post about this, alas – no time. Most people would probably prefer getting 150k MR with $20k spend (there was such an offer way back); in any case, it’s certainly an amazing offer. I think we’re seeing a shift in bonus offers from many card issuers to entice more spend. […]

  10. Why didn’t you update the story if the comments explained the spend requirement was different than you wrote about? Waste of time to readers if you leave posted a story with the facts misinterpreted.

  12. Reminds me of that Amtrak/BA offer last fall — which I foolishly fell for, (yes, naively followed the TIF logic for the faint hope of getting the lucrative transfer to Choice) I also fell for the British Airways/Chase deal…. lots and lots of lots of spending…. for so little gain. (and very high fees) I’m growing very weary of this “game”…. (and no more “unfortunatelies” puhleaze 😉 )

    ah, but 5k per purchase, that removes the temptation. Leave this one to the Trumps among us.

  13. So would jump on this. Could complete min spend easily even at 5k a pop. Then wait for a transfer to avios or something similar.

  14. Damn, where can I get that offer? All you need is $55K? That’s a doddle these days. I spend $60K on Delta Reserve and $40K on Surpass just to max out their bennies, around $10K at a time…

  16. I’d like to go for this as I can meet that spend challenge. Are you willing to share the offer code, please?

  18. I think your missing a huge catch here, those $5k for 20k steps are single $5000 purchases, NOT $5000 in purchases cumulative. That is a big difference.

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