The Offer
- American Express is offering the following spend offer to select American Express Business Platinum cardholders:
- Earn 250,000 Membership Rewards points after $1,150,000 in qualifying purchases by October 6th, 2017
- Earn an additional 75,000 points after you spend an additional $300,000
The Fine Print
- Enroll by June 6th, 2017
- Must make purchase by October 6th, 2017
Our Verdict
To understand if this is a good deal, we need to look at the base rates this card earns at:
- 5x points on all flights and prepaid hotels on amextravel.com
- 1x points on all other purchases
- 50% more points on business purchases of $5,000 or more (this is on the base rate, so 1.5x for all other purchases and 5.5x on amextravel).
The first spend bonus is basically an extra 0.217 points per dollar spent. It’s unlikely that much of the spend will be in the 5x categories, but if the purchases are all over $5,000 then you’d be earning 1.717 per point. The second spend bonus is an extra 0.25 points per $1 spent, so 1.725 per point. Better than the 1.5x on the AmEx Everyday preferred, but personally I’d prefer one of the other cash back cards that earn up to 3% cash back.
Hat tip to /r/churning
