The Business Platinum card from American Express is currently offering a limited-time welcome bonus of 150,000 Membership Rewards points. While the card does come with a hefty annual fee of $695, it also offers a wide range of valuable benefits and credits that can more than offset the cost.
To earn the welcome bonus, cardholders must spend $15,000 within the first three months of card membership. This may seem like a high spending requirement, but the 150,000 Membership Rewards points can be incredibly valuable, especially for frequent travelers.
One of the key benefits of the Business Platinum card is its airline transfer partners. American Express has a wide variety of transfer partners, including Star Alliance partners like Avianca LifeMiles and Air Canada Aeroplan. By transferring points to these partners, cardholders can book flights on partner airlines and potentially get even more value from their points.
Additionally, American Express frequently offers transfer bonuses, allowing cardholders to maximize the value of their points. For example, transferring points to Hilton Honors during a transfer bonus period can result in a higher conversion rate, often at a 1:2.6 ratio instead of the standard 1:2 ratio. This can be particularly beneficial for those looking to book hotel stays using points.
Even if cardholders choose not to renew the card after the first year, they can still take advantage of many of the credits offered by the Business Platinum card during their first year of membership. These credits, such as the $200 airline fee credit and $200 Dell statement credit, can easily offset the annual fee and provide additional value.
One of the most valuable features of the Business Platinum card is the 35% airline bonus. Cardholders can book first class or business class flights using Pay with Points and then get 35% of the points reimbursed. This means that cardholders can effectively use fewer points to book premium flights, saving even more on travel expenses.
Ultimately, the Business Platinum card offers a range of benefits and credits that can provide significant value for frequent travelers. While the $695 annual fee may seem steep, the welcome bonus of 150,000 Membership Rewards points and the ability to maximize credits and benefits can more than offset the cost. Whether you choose to keep the card long-term or not, the initial bonus can go a long way in helping you book your next flight or hotel stay.
In conclusion, the limited-time welcome bonus of 150,000 Membership Rewards points offered by the Business Platinum card from American Express is a great opportunity for those looking to earn valuable rewards. With a range of benefits and credits, as well as the ability to transfer points to airline and hotel partners, the card provides a wealth of options for maximizing the value of your points. Whether you’re a frequent traveler or just looking to earn valuable rewards, the Business Platinum card is definitely worth considering.