Posted by Chuck on March 29, 2017
Credit Cards

Published on March 29th, 2017 | by Chuck

23

Amex Platinum Signup Bonus to Increase to 60,000 Points Tomorrow, 3/30

The Wall Street Journal reports that the signup bonus on the Amex Platinum card will go up from 40,000 points to 60,000 points. They don’t state the exact date (“in coming days”), but we can assume it’ll happen tomorrow, 3/30, based on the rumor we previously posted.

The current standard signup offer is 40,000 points after $3,000 in spend, and the upcoming offer will be 60,000 points after $5,000 in spend within three months.

This is all with regards to the personal Amex Platinum – it’ll get an increased signup bonus along with the increased annual fee of $550 which goes into effect on 3/30 as well.

If you are considering signing up, you’ll do way better signing up now; while the public signup offer is 40,000 points, there is a 75,000 offer found incognito mode. If you can get it to show, you’ll do much better applying now with the $450 annual fee and the 75,000 bonus.

If you can’t get it to show, the extra $100 fee is well worth it for the additional 20,000 points offer which will become available tomorrow. BUT it’s probably worth holding out and waiting until some better offer comes along.

Here’s part of the WSJ article:

…AmEx in coming days is expected to increase the points bonus to 60,000, from 40,000, according to a person familiar with the matter. But there is likely to be catch: To get the larger amount of points, card users will have to spend $5,000 in the first three months after receiving the card, up from $3,000 currently, the person said.

An AmEx spokeswoman said, “We’ve always had competitive sign-up bonuses combined with a range of premium benefits and services.”

AmEx’s move would come just weeks after J.P. Morgan officially concluded its 100,000-points offer to Sapphire Reserve customers and downgraded it to 50,000 points. Sapphire Reserve cardholders need to spend $4,000 in the first three months to get these points.

Competition between credit-card issuers vying for market share has been growing in recent years. One of the biggest battles is playing out between AmEx and J.P. Morgan with the luxury rewards cards that come with hefty fees and big rewards. These cards are aimed at high spenders, and a points system geared at consumers who will spend a lot on a new card is one of the main tools the lenders are using to lure new card customers.

The battle has been especially bruising to AmEx because of the intense competition it is now facing in a market that it has dominated for decades. Doug Buckminster, president of AmEx’s global consumer services group, referred to the Chase Sapphire Reserve launch during a presentation this month as “a full frontal assault” on the Platinum card.

AmEx could roll out the higher points structure on Thursday when new benefits, announced earlier this month, kick in. That is also when its higher annual fee of $550, up from $450, goes into effect for new sign-ups.

This is the third large boost to Platinum rewards that the card company has made since October—moves that several analysts see as an attempt to fend off competition from the Sapphire Reserve. …

Hat tip to r/churning



23
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Johnny

Has anyone had luck with the 75k incognito? Doesn’t seem to work anymore.

mrpeet
mrpeet

Yes, I just tried it, and I still have the page open as we speak.

Unsure if this is a red herring, but what I usually do is go into Chrome incognito, navigate to business cards, click “Learn More” on an elevated offer (e.g. BRG), then click “View all personal charge & credit cards”, and I get all the elevated offers for all the cards. Again, this might just be a red herring, though.

Ted
Ted

That actually works for me too. (I navigate to business cards then straight to “view all personal”). Though if there is a direct link to some cards, incognito will usually alternate between extra offer and normal offer. Other cards are harder to pull up directly and require the “trick” above.

I applied for 75/5 yesterday. I was just able to pull it up again right now using incognito no clear cookies.

Nab
Nab

mrpeet & Ted and William Charles – it finally worked! Thanks for sharing your DPs. I didn’t follow the exact methods that have been mentioned, but lumped a bunch together and it showed up (75k – 5k) after a bunch of tries. had 75 offer for benz before; hoping they will still treat them as separate products.

Clear cookies & cache, used incognito, and browsed through biz cards 1st. Also- found it on chrome but didn’t get it on firefox or edge.

Johnny

F’ing love you guys. Did the same thing and got approved right away. Whoooo nelly now I have to spend 9k in the next 3 months (working on a AMEX gold business too)

Matt
Matt

I just tried, got it first try (75/5). Chrome Incognito window. I’m in NYC, don’t know if that helps.

RT
RT

I can get it at work, but I don’t follow the steps DoC has provided.

I think because my corp IT group is based in NJ and I work in MA it comes up for me all the time at work rather easily, but on my home computer it takes some more work to get the increased incognito offers.

I’m staring at 75k right now. 🤔

Darv
Darv

This is great news for the Schwab

Dee
Dee

Hmm… I never knew the 75k deal was so rare cos out of the 10 or so times I visited their page incognito, I only got a lower offer on 2 occasions… Also strange was the fact that I got approved for 3 Amex cards in a week with a score of around 642 across the three (with one CO and 1 collection) . It’s funny cos I have terrible luck with EVERY other player (chase, citi, cap 1, discover)… This, coupled with their revenue decline in new accounts and attrition , makes me believe that it’s an intentional effort to woo new customers (never used Amex before in my life). The fact that I only got $1000 on all 3 Forney supports this I believe

Bryan Mayer
Bryan Mayer

First try in INCOG mode: Got the 75K offer. Immediately approved

The Man
The Man

First try through incog through chrome and got the 75k offer.

JD
JD

When I read that the fee was going up to $550, I began trying for several weeks to get the 75K offer to come up, without success. I tried again last week, and it finally came up on Thursday, so I applied and was approved immediately. The card arrived on Monday, and I am shifting all of my spending from Chase and Citi to AMEX, to meet the spending target.

Brian
Brian

If I currently have the Amex MB can I apply for the personal platinum and get that bonus if I’ve never got that version of the card? I’m assuming they are two separate products but would I be able to have two versions at the same time? I’m planning to cancel the MB in a few months.

William Charles

Yes usually possible, amex told some people that applied for the leaked 100k links that they weren’t eligible because of this but normally it’s been fine.

MH
MH

I got the Business Platinum Dec.22, made the last spend last week, points posted 2 days later when the charges went from pending.

Still have an Ameriprise Plat good until June before a fee.

I can see the 75K offer. What to do, what to do….

refill
refill

Chinese method on iPhone worked for me to see 75k.

AZ
AZ

Schwab Platinum is 600,000/$5000 Now Live!

AZ
AZ

Schwab Platinum is 60,000/$5000 Now Live!

William Charles

Thanks, created new post

Young
Young

Anyone still seeing the 75K/5K offer. Tried many times still no luck.

Back to Top ↑