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Silver Lining for New Amex Business Plat Cardholders with Today’s Devaluation

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.

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Amex Business Platinum Pay With Points Rebate Silver Lining

American Express has announced a key few changes coming to their Amex Business Platinum pay with points rebate. I covered them earlier, but the major change is the rebate being cut from 50% down to 35%. This effectively reduces the value of points on these redemptions from 2 cents each to just 1.54 cents each.

The cut from 50% to 35% will take effect on June 1, 2017, but some cardholders will keep the benefit longer. @AskAmex on Twitter has confirmed the following:

If you opened your Business Platinum Card account anytime between October of last year and May 31st of this year, we will be honoring the 50% Airline Bonus, with unlimited points, for one full year from the date your Business Card was issued.

So new Business Platinum cardholders will have the benefit for their entire first cardmember year. Good news for some, but of course long term cardmembers are left out in the dust.

HT: Doctor of Credit

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.

Responses 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.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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