New Amex Business Platinum Cardholders will get 50% Benefit for One Full Year

Amex will lower the business Platinum redemption rebate from 50% to 35% in June. However, new cardholders who signed up for the card since the new benefit was announced on October 5th will continue to receive the 50% rebate for one full year. And there won’t be any 500,000 limit.

The same goes for new cardholders who apply now for the Platinum card until May 31.

I speculated this earlier today, and it’s been confirmed by @AskAmex Twitter support to numerous people.

 

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Ash P
Ash P

does the business platinum card need to be active until the points rebate posts?

What if I book a trip say in January on amextravel using my MR points but cancel the biz plat in 5 days or before the rebate is due to hit? Any DPs on that here? much appreciated.

Thanks

Arny
Arny

So I cancelled my business platinum today (1 of 2). The rep on the phone said that they would be clawing back the $200 airline fee that I used earlier this year. She said that even though the fee is per calendar year that if you cancel in the same year you used the credit that they will claw back the credit. She was pretty feisty and commented on a lot of the cards I have and have had. She wanted to know why I was applying for these cards. Hope I wasn’t flagged. Anyway, is this a new policy or was I just not aware of this?

Chris

Good DP Arny – I feel like Amex has a very large gap between their ‘nice’ and ‘feisty’ CSRs. How many cards did you have with Amex at the time? Did they actually claw it back? I canceled my Plat Benz last week and used PreCheck, Amex Offers, and $200 for SW GCs all in that last month with no issues.

Arny
Arny

Good question…I meant to follow up. I went through with the cancellation and nothing was clawed back…no Amex offers or airline fee reimbursement. I’m assuming now that I’m a couple weeks out that they wouldn’t all of a sudden claw it back now. The $450 annual fee had already posted maybe a week earlier and that was reimbursed the day after I cancelled. I had 4 cards with Amex at the time, 3 business (I have 3 legit businesses…one card for each business) and 1 personal (Hilton), but I had cancelled 3 Amex cards over the last year that I had only kept for one year (Starwood Personal, no fee Blue Cash, Premier Gold). By the way, my wife also cancelled a personal platinum card at the same time and also had a pretty aggressive CSR. He actually read her a list of all of the Amex cards she had ever had, even those cards that were older than 24 months. He commented that she appeared to have had close to every Amex card out there and reiterated that the bonus was once per lifetime. Before this month, cancelling Amex cards (and we have cancelled many) has been simple and easy. I’m not sure what happened. I have 25 hard pulls on Experian, and my wife has 20 (which Amex pulls). They didn’t mention this, but I wonder if they had access to that on the call. Last time I applied for a BOA card (Merrill +…not approved even with stellar credit), the rep actually mentioned the 25 hard pulls as the reason for denying me. Unfortunately, in our experience/location, Citi, Chase, Amex, and BOA all pull from Experian, which of course, is a major bummer.

Jeff
Jeff

Amex is looking for ANY excuse to NOT honor these rebates!

Jeff
Jeff

Make damn sure your airline is changed 48 hours previous

Ave
Ave

Oh shit….gotta go book my flights, but the flight I want to book isn’t in their system UGH!!!

Dan
Dan

Is there an offer for Bus Plan that does not require 20k spend?

P
P

I think the site mentioned a targeted offer. You can enter platinum in the search and it should show you

Nun
Nun

How difficult is he approval process? I’ve had simply cash for 4+ years for my eBay sales but not a significant business that id expect they’d want for the platinum card. Thanks.

Mr. CC
Mr. CC

not hard

Louis
Louis

So would you still recommend the card? For what reasons?

William Charles

Depends on your circumstances and offer you receive. I know some people would pay $400 just for the lounge access, but that depends on how often you fly and what your home airport it is.

Louis
Louis

Have a couple of major purchases coming up. Best offer I can get from AMEX is 100,000 Points for $10,000 spend in 3 months. Fly all the time. Home airport is LAX. Don’t think much of the AMEX Lounges as they are crazy overcrowded.

Was more wondering along the lines of the cut in the 50% points back feature. I know it lasts a year, so was wondering if you still think the card it worthwhile.

PowerT
PowerT

where did you find an offer for 100,000. I’d do that

asdfasfd
asdfasfd

PHAK AMEX!

Sam
Sam

I guess it is time to apply for the 150 mailer I found and get the 150K. Looks like AmEx can’t figure out how to actually compete with other cards.