Amex Platinum Business 50K Upgrade Bonus
American Express is targeting some business cardmembers with an offer to upgrade to an Amex Business Platinum Card. Let’s look at the details of this offer that can get you a bonus of 50K points, and see how you can check if you are eligible.
The Offer
- Earn 50,000 Membership Rewards® points after you spend $10,000 on qualifying purchases with the Business Platinum Card within the first three months of Card Membership. Offers ends 12/31/2020.
- $595 Annual Fee
To request an upgrade, you must be the Basic Card Member. Log in here with the username and password for that Card account.
Worth it?
There’s several things to look at when considering this offer.
Annual Fee – This is prorated based on where you are in your cardmember year. You could pay a fraction of the $595 annual fee, or close to the whole thing if your annual fee just hit recently.
Bonus – Many people will already have received a sign-up bonus for this card and thus can’t get another one for a long time. So this is a good option to squeeze some more points out of the same card.
Annual Travel Credit – This card gets a $200 annual travel credit per calendar year. So theoretically you could get that once in 2019 and once in 2020 before deciding what to do with the Business Platinum when the annual fee comes due again next year.
Spend – This offer requires $10,000 in spend. After meeting the spend, you will have a total of 60,000 points total (50K bonus & 10K from normal earning). 6X is a great earning ratio on everyday spend, even better when we’re talking about Membership Rewards points. But be careful. Amex is fairly strict about not paying bonuses when spending is met through purchasing gift cards.
Other Benefits – The card also provides lots of perks for frequent travelers, so having one of the Platinum cards in your pocket while traveling is always a plus. But that means that if you have another version of the Platinum card, getting a new one and paying the annual fee is not worth it if you already have the benefits.
Conclusion
I think this bonus is great if you are targeted. You get $400 in travel credits the first year plus 6X earnings (60,000 points) on $10,000 in spend. That all adds up to being worth it in my opinion.
Plus there’s no hard pull to upgrade and you are able to get the bonus even if you have previously had the Amex Business Platinum Card.
HT: Doctor of Credit
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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
