Earlier this week, American Express downgraded its industry-leading sign-up bonus offer on its Platinum Business card. This offer was almost as amazing as Chase’s Sapphire Reserve sign-up offer of 100,000 which expired a few weeks ago (but is still available in-branch).
The Platinum Business card comes with a significant $450 annual fee which is offset by $200 in credit toward purchases with a designated airline and access to Delta Sky Clubs, Centurion Lounges and Priority Pass-participating lounges. American Express points can be redeemed for $.02/point toward travel (after a 50% refund on purchases with one’s designated airline or premium cabins on any airline), or transferred to a wide range of travel partners including Delta, Emirates, Etihad, and Singapore.
The 100,000 point offer made this card extremely compelling, providing a minimum of $2,200 in value. It did come with a significant minimum spending threshold of $15,000 in three months but, if you can make that, it was well worth it.
Publicly, that offer is now a relic of the past (reduced to 75,000 points), but yesterday I received an offer in the mail for a 150,000 point sign-up bonus. The spending requirement is the same: 100,000 points are awarded after $5,000 in spending, and an additional 50,000 are rewarded after the next $10,000, all within the first three months of card ownership.
Note that because this is a business credit card it will not appear on your credit report (though the initial credit inquiry will), and will not count toward your 5/24 status with Chase. Also, because it’s technically a charge card and not a credit card, it will not count toward the total American Express cards the company will allow you to have.
This is an incredible offer, without question, easily worth $3,000 in rewards (or more, if you travel hack correctly).
Have you been targeted with this offer? Are you going to take the plunge and apply?