Wow: Amex Business Platinum Card 150K Points & $500 Credit Offer

Link: Apply now for The Business Platinum Card® from American Express

The Business Platinum Card® from American Express is one of the most perks-rich business cards out there. We’ve just seen a lucrative new limited time welcome offer rolled out on this card, making it a great time to apply. If you’re eligible for this card, it’s absolutely worth picking up, in my opinion.

Amex Business Platinum Card offering points & statement credit

The Amex Business Platinum Card has a new two-part limited time welcome offer, valid for applications through June 30, 2025. Here’s how the offer works:

• Earn 150,000 bonus Amex Membership Rewards points after spending $20,000 within the first three months
• Earn a $500 statement credit after spending $2,500 on qualifying flights booked directly with airlines or through American Express Travel with the card within the first three months

Personally, I value Membership Rewards points at 1.7 cents each, meaning that to me, the 150,000 points are worth a staggering $2,550. Then there’s the value of the $500 statement credit — that should also be easy enough to maximize, especially with many airlines not having change fees on most kinds of fares.

There are lots of great uses for Amex points, as they can be transferred to all kinds of useful airline and hotel partners. Also keep in mind that having this card lets you unlock the full value of Amex Pay With Points, potentially allowing you to get up to 1.54 cents of value per point toward the cost of airfare. You could then use that redemption rate for all your linked Amex Membership Rewards cards.

Note that sometimes there are targeted welcome offers out there that are bigger. However, those aren’t publicly available, so there’s no link to share, but it’s definitely worth keeping an eye out for those deals, if you do come across them.

Who is eligible for the Amex Business Platinum Card bonus?

In line with Amex’s “once in a lifetime” rule, the welcome offer on the Amex Business Platinum Card isn’t available to those who currently have the card, or those who have had the card (or previous versions of the card) in the past. On top of that, Amex’s general card restrictions apply.

There are a few additional things to note:

• You are eligible for the welcome offer on this card if you’ve had any other Amex card, so you can apply for this card even if you have cards like The Platinum Card® from American Express (review) or American Express® Business Gold Card (review)
• While Amex typically has a limit of letting someone have at most five Amex credit cards (including personal and business cards), that doesn’t include this product, since it’s not a traditional credit card
• If you’re worried about the Chase 5/24 limit, getting approved for the Amex Business Platinum shouldn’t count as a further card toward that limit

Why the Amex Business Platinum Card is worth it

The Amex Business Platinum Card has a $695 annual fee (Rates & Fees). While this isn’t the most rewarding card in terms of the return on spending, it does have a huge number of valuable perks. Here are just some of them (enrollment is required for select benefits):

• Comprehensive airport lounge access, including access to Amex Centurion Lounges, access to Delta Sky Clubs, a Priority Pass membership, and more; in all cases, there are some terms and restrictions associated with access
• Elite status with travel brands, including Hilton Honors Gold status, Marriott Bonvoy Gold status, and elite status with multiple rental car companies
• Up to $1,400+ of credits or benefits for airline fees and wireless purchases, and with Adobe, CLEAR, Dell, Indeed, and more
• Access to all kinds of special programs, from Amex Fine Hotels & Resorts, to the Amex International Airline Program, and more

Read a full review of the Amex Business Platinum Card here.

Bottom line

The Amex Business Platinum Card has a great limited time welcome offer of 150,000 bonus points upon completing minimum spending, plus up to a $500 statement credit for airfare spending. While the spending requirement is significant, so is the number of points you can earn, plus the statement credit, so this is worth it if you can swing it.

This card offers all kinds of great perks that can help offset the annual fee, ranging from lounge access, to credits, to elite status, and more. If you’re eligible for this card, this would be a great time to apply.

Do you plan on picking up the Amex Business Platinum Card with the limited time welcome offer?

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Business Platinum® Card from American Express (Rates & Fees).