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

This post may contain affiliate links; please read our advertiser disclosure for more information.
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.

American Express Free FICO Score

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

Shawn Coomerhttps://www.milestomemories.com
Since 2007 Shawn Coomer has been circling the globe with his family for pennies on the dollar. He uses that first-hand knowledge and experience to teach others how to achieve their travel dreams for the least amount of money possible.

More Like This

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SoFi Money $50 Bonus!

Super easy bonus! Sign-up and deposit $500 or more and they'll pay you $50! That's it!
Grab Your $50 SoFi Bonus Now!

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!
BoardingArea

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!