Should You Nab 100,000 Points with the Amex Platinum Business Card’s New Offer?

The Business Platinum Card from American Express OPEN offers a hefty number of perks to small-business owners, and now it’s offering a hefty sign-up bonus as well.

Interested in this offer? Head HERE for details on how to apply.

For a limited time, new card members can earn 100,000 Membership Rewards points after meeting some serious minimum-spending requirements. You can earn the first 50,000 points after spending $10,000 on the card in the first three months of account opening. You then are able to earn another 50,000 points after spending an additional $15,000 on the card in the same timeframe.

If you expect large business expenses in the next few months, you might consider this Amex card. Benefits include a $200 airline fee credit per year (select your airline of choice), $100 Global Entry/TSA PreCheck enrollment fee, access to the most extensive network of airport lounges, 10 complimentary Gogo passes annually and a 35-percent rebate on your points when redeemed trough Amex Travel toward economy flights with the preselected airline and business- or first-class flights with any airline.

With benefits like these, it’s no wonder the card charges an annual fee of $450. However, the personal version of this card charges $550, so you save $100 by choosing this card for your business.

One downside of the card is that it somewhat lacks in bonus earnings, but purchases of at least $5,000 in one transaction earn 1.5X points per dollar. You also can earn 5X points per dollar on airline and hotel purchases made directly with Amex Travel.

Keep in mind the extremely high minimum-spending requirements to qualify for the full bonus. If your business makes substantial enough purchases (roughly $8,500 per month), 100,000 points is a fantastic bonus. American Express Membership Rewards program partners with a variety of airline and hotel loyalty programs, and you can transfer your points to these partners, including Delta Air Lines, Air France/KLM Flying Blue and Singapore KrisFlyer, to name a few. Extracting value from your points should be no problem.

The Amex Platinum Business Card’s new elevated bonus is tempting, but again, make sure you’re comfortable spending the required amount on the card without going into debt. The offer expires Aug. 8.

 

Do you own a small business that has large expenses? Are you considering this card for its many perks and the elevated welcome bonus?

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