Amazing 100,000 Point Offer from the Amex Business Platinum Card!

UPDATE: This offer is expired. You can learn more about all current offers here. 

The Business Platinum® Card from American Express OPEN just increased their sign up offer to where you can earn up to 100,000 points!

• Earn 50,000 Membership Rewards points after you spend $5,000 and an extra 50,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.

While the minimum spend required to earn the 100,000 points is high, this is one of the best publicly available offers for this card. This limited time offer expires January 25, 2017.

Card Benefits:

$200 airline credit: While this card comes with a high $450 annual fee (not waived the first year), there are some perks that can help outweigh the cost. First off, you’ll receive a $200 airline fee credit per calendar year. That means if you apply for the card now, you can receive a $200 statement credit between now and the end of the year and then again starting January 1, 2017. That means it is possible to receive up to a $400 credit in your first year of having the card.

Lounge Access: This card also gives you access to Centurion Lounges as well as to over 1,000 airport lounges. This is one of the better perks of the card for those that fly often and enjoy the access of lounges throughout the world. I personally am a huge fan of the Centurion Lounges, but unfortunately there are not too many of them throughout the United States.

Global Entry: With this card, you’ll receive free Global Entry. You just need to pay for the $100 Global Entry fee with the card and you’ll be reimbursed for the cost. You can also instead decide to receive TSA PreCheck instead (which costs $85 and you’ll be reimbursed), but since Global Entry comes with TSA PreCheck, you might as well get both, assuming you’ll travel outside the country within the next 5 years.

Starwood, Marriott, and Hilton Gold Status: This card will automatically give you Starwood and Hilton Gold status. And since you can currently match you Starwood and Marriott status, once you receive SPG Gold status you can leverage that to earn Marriott Gold status!

Earning Points: With this card you’ll also earn 1x point on all purchases, however, a new bonus was just added – for purchases over $5,000 you’ll earn 1.5x points on your purchase. This is great for those that have high purchases, but probably not very common for the average person. This is a new addition to the card. This card does not receive 5x points on airline purchases that I posted this morning (it is only the personal version of the card).

50% Airline Bonus: A another new perk of the card is that when you use your Membership Rewards Pay with points for all or part of a flight, you’ll get 50% of your points back for both: 1) First and Business Class tickets with all airlines available with American Express Travel; and 2) Any fare class with your selected qualifying airline.

Overall…

This is a great card for the sign up offer alone. I personally like to use my Membership Reward points to transfer to partner loyalty programs. I find that I can value 100,000 points to be worth at least $2,000 in travel when I redeem my points this way. However, for those that prefer to redeem their points for business or first class, you’ll receive even more value from the points since those flights cost significantly more if you were to actually pay for them. Or, if you’d prefer to use them another way (i.e., redeeming for gift cards, etc.), the 100,000 points is worth at least $1,000.

Unfortunately, I’ve applied for this card in the past (also during a 100,000 point offer a few years ago), so am no longer eligible for this card. American Express now has a once in a lifetime rule for all cards.

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