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amex business platinum card
Amex business platinum card providing 250k points after spending $20k and $500 additional for flight booking directly with airlines or Amex travel
Open the link in private browser and try it out - it should show 250k instead 150k points
Open google chrome
Open incognito window
Search for Amex business platinum card providing
Click the link and proceed to apply
https://www.americanexp
Open the link in private browser and try it out - it should show 250k instead 150k points
Open google chrome
Open incognito window
Search for Amex business platinum card providing
Click the link and proceed to apply
https://www.americanexp
Created 05-21-2025
at 11:32 AM
by AZ9
in
Credit Cards
(2)
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Yes, it has a big annual fee and a big spend requirement, but do the math:...
You can exchange 250,000 MR points for $0.008-$0.010 per point when cashed out to an AMEX checking account.
That's at least $2,000
Deduct the annual fee of $695
Then deduct another $240 opportunity cost for spending $20,000 at 0.8%cb when you could have spent it on a card that earns 2%cb.
That's still over $1,000 profit. Maybe a little less if you have to get aggressive with manufactured spending.
One manufactured spending option to hit the $20k is taxes. Pay them at pay1040.com for 1.75% fee. You get 0.8%cb, a loss of less than 1%.
You were going to pay taxes anyway, right? Maybe not $20k, but you'll get the rest back with your next tax refund.
The lounge access is not free for others anymore right? seeing $30 for kids and $50 for adults.
Shahhere
The lounge access is not free for others anymore right? seeing $30 for kids and $50 for adults.
Shahhere
It can be if you spend $75k a year on the card. That will get you guest passes.
Another option is authorized users ($195/yr each) get lounge access and other benefits. They also get access to your credit limit.
Yes, it has a big annual fee and a big spend requirement, but do the math:...
You can exchange 250,000 MR points for $0.008-$0.010 per point when cashed out to an AMEX checking account.
That's at least $2,000
It's of course potentially worth far more when used for air travel.... even just direct cash booking through Amex using points they're worth 1.54 cents each so 250k becomes $3850... (1.54c on any class ticket for an airline of your choice, or 1.54c on biz/first with any airline at all).
But if you're gonna do biz/first then point transfers will get you even more value- often in the 3-6 cent a point range.
Plus the $200 airline credit, the $120 a year in cell phone bill credit, $200 in Hilton credit, all of which are easy to use.... and a $400 a year ($200 every 6 months) Dell credit that's easy to use if you buy tech stuff at all.
At that point, esp. since you can double dip the airline credit, the annual fee is already covered without even considering the Dell credit.... or the the CLEAR and GE/Precheck credits but many cards have those (esp. the second) so maybe meh value on those two. And centurion access but since they dropped free guests this lost value for many.
So you're talking roughly 4k ahead of the AF if you fly much at all (or potentially much more if you fly in the pointy end of the plane much)
Now, if it's worth keeping the SECOND year is another story-- but if you can get decent value out of the Hilton and especially Dell credits it'd remain profitable year over year (bonus if you can get a decent retention offer on top)-- but if you can't then probably not.
You were going to pay taxes anyway, right? Maybe not $20k, but you'll get the rest back with your next tax refund.
Pay1040 charges 2.9% for Amexes. There's still value in meeting the spend this way, but there's equally similar value in all of the other "good" sign up bonuses that come around. 120k CIP, 100k CSP, 100k Venture, etc etc.
Airline credit is fairly annoying to spend if you're not a regular UA/WN flyer. Most of the other loopholes have been closed. It's worth close to 100% if you are though.
Cell phone sucks because it's split $10/mo, and many of us have a CIC to earn 5x on cell phone bills already. So either we manually pay $10/mo on a biz plat and then autopay the rest on CIC, or give up on one of the two. Personally, that comes out to roughly a wash for me - my cell bill is $180/mo. More annoying Amex coupon book nonsense that I have to deal with every month to maximize value.
Hilton is the worst for people who aren't traveling frequently enough to naturally spend it. $50/quarter is very annoying to spend.
Dell credit is pretty bad too - it's split biannually and generally stuff that's not Dell branded costs 20-30% more than from other retailers like Amazon or Newegg.
Clear is okay, I guess. I don't think I would actually pay $200 a year for the service unless I was traveling for work every week, but it is a useful perk to have. I would probably value this around 30-50% for the typical leisure traveler.
The Adobe and Indeed credits are basically worthless for 95% of people who would open the card for a SUB.
Airline credit is fairly annoying to spend if you're not a regular UA/WN flyer. Most of the other loopholes have been closed. It's worth close to 100% if you are though.
Yeah, since once you buy airline credit it's good for years you only need to travel once in a while on one of the airlines it still fully works for to consider it 100% (esp since it's effectively cash with the airline so not even point devals hurt you)
(and for non-travelers who ABSOLUTELY don't want to do a split payment it beats any of the cash back cards up to a cell bill of $199 or less as full value since it's effectively >5% cash back up to that amount))
Currently they're showing out of stock though and have for some months- before that they were effectively near full cash value if you stay at any hilton at all even once or twice-- but without the GCs agreed it's significantly reduced value if you don't travel often at Hiltons.... (though some folks have had success using the credit at local Hilton restaurants and bars without staying there too)
The Adobe and Indeed credits are basically worthless for 95% of people who would open the card for a SUB.
Anyway, all of the above is why I say it's a no brainer card in year 1, and YMMV in future years depending on retention offers and the specific value to you of the credits.
I do think at this point it's easier to use enough credits to be 'worth it' on this card than the Plat personal though---
the hotel credit there requires booking through a specific channel that typically marks up price (and are all expensive hotels to start with) such that the credit is usually killed by the markup and being more expensive than where you'd normally stay, the SAKs credit it's hard to even FIND something under $50 that's not $10 on amazon as everything there is insanely priced AND it's another $10 for shipping, the equinox credit is insanely niche and if you're not in the niche it's $0....
So that leaves you... the $200 airline credit which is same as the biz card... The $240 digital entertainment credit that probably most folks CAN use, though I don't... and the $200 Uber cash which is full value if you use Uber every month, but if you're only using it by making a food order you wouldn't otherwise make it's of lower value... (oh there's the walmart plus credit too, I technically "use" that but I attribute it very little actual value)
So for me I'm only seeing maybe $400-450ish in credits value here vs the $695 annual fee... even with the digital entertainment one at full value you'd barely break even... which might've been ok when you got free centurion lounge guests but now not so much
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Currently they're showing out of stock though and have for some months- before that they were effectively near full cash value if you stay at any hilton at all even once or twice-- but without the GCs agreed it's significantly reduced value if you don't travel often at Hiltons.... (though some folks have had success using the credit at local Hilton restaurants and bars without staying there too)
Various other computer parts I've looked for have typically been 20-30% more than elsewhere. I have occasionally seen a decent GPU deal at Dell, but really very rarely.
Dell laptops/desktops/monitors are the only things that are consistently price competitive with other retailers, and I really don't need to buy a new one every six months. I would probably value this around 70% of face value, personally.
the hotel credit there requires booking through a specific channel that typically marks up price (and are all expensive hotels to start with) such that the credit is usually killed by the markup and being more expensive than where you'd normally stay, the SAKs credit it's hard to even FIND something under $50 that's not $10 on amazon as everything there is insanely priced AND it's another $10 for shipping, the equinox credit is insanely niche and if you're not in the niche it's $0....
So that leaves you... the $200 airline credit which is same as the biz card... The $240 digital entertainment credit that probably most folks CAN use, though I don't... and the $200 Uber cash which is full value if you use Uber every month, but if you're only using it by making a food order you wouldn't otherwise make it's of lower value... (oh there's the walmart plus credit too, I technically "use" that but I attribute it very little actual value)
So for me I'm only seeing maybe $400-450ish in credits value here vs the $695 annual fee... even with the digital entertainment one at full value you'd barely break even... which might've been ok when you got free centurion lounge guests but now not so much
In its defense, though:
The FHR credit is actually okay, IMO. FHR is a pretty good perk for one night stays overseas or in Vegas. The value is a lot less for multiple nights or major US metros (SF/LA/NY) because the rates are just too high. But in Asia or Vegas, $200 just about covers a night's stay and in return, you get a $100 property credit (depends on property, but plenty allow hotel restaurants) + free breakfast + early checkin / late checkout. I spent my past ones in Seoul/Taipei/Vegas, and it roughly goes like that. I would take this over the $50 quarterly Hilton nonsense. Or the monthly cell phone one.
Saks credit can be spent on gift cards in store. Their stuff is generally pretty overpriced even by luxury good standards, but there's occasionally a good deal. It's a lot easier to spend if you have a local store to buy gift cards every 6 months and then can bank up for something nice every few years.
Uber, yeah. Worth 50% at most IMO. Especially considering that Uber gift cards can often be bought for around 75% of face value (Costco).
Equinox, streaming credit, and Walmart+ - all worthless.