Yesterday, I received (via e-mail) an offer to upgrade to the American Express Business Platinum card from my Business Rewards Gold card. Here are the details:
- $450 annual fee not waived
- 25,000 membership reward points after first purchase
- $200 in airline expenses (not tickets) per calendar year
- Global entry reimbursed ($100 value)
- Lounge access around the world
The $450 fee is very discouraging – in exchange, I would only get 25,000 points for it. However, I can potentially squeeze another $500 of possible charges out of also, so it would actually be very helpful. The normal American Express Business Platinum offer (link) is also for 25,000 points, but after spending $2,000 in 3 months. So, if I was going to get that card, this might be the time to do it. I would personally like to hold out for a better offer, but not sure if that will materialize. There was an offer last week (one-day offer) for 50,000 points after spending $10,000 in 3 months. That is not going to happen. Since card issuers seem to be requiring more and more spend to meet the bonus requirements, this might be the best the offer gets for a while. Not only that, but it would more than likely be a soft credit pull – which wouldn’t show up as a credit inquiry on my report.
So, if you currently have the Business Rewards Gold card from American Express, check those e-mail inboxes for an invite similar to the one below. If you are going to spend money on baggage fees, flight change fees, and other airline fees in the next year, you will get all of that back with this card (up to $200 per calendar year). Think about it!
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