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American Express has been busy in 2021.
This summer, the issuer made major changes to the personal version of The Platinum Card® from American Express, including the addition of several new perks and benefits — and an increase to the annual fee. And earlier this month, it added yet another pair of new benefits with credits for Walmart+ and SoulCycle.
Now, The Business Platinum Card® from American Express has gotten a similar revamp — and an upcoming increased annual fee. As of October 14, 2021, the business version of Amex’s premium travel rewards card is getting a bump in earnings for specific categories, new statement credits, an increase to a very popular existing credit, among other changes.
Perhaps most importantly, though, the Amex Business Platinum card is now offering an elevated welcome bonus.
Let’s take a look at all the changes cardmembers can now take advantage of.
Increased Welcome Offer
We’re excited about the new additions to the Amex Business Platinum card, but equally (or more) exciting is its increased welcome offer. Now, you can earn 120,000 bonus points after you spend $15,000 on your card within the first 3 months of account opening.
Hot Tip: We value American Express Membership Rewards points at 2.2 cents apiece, meaning the welcome bonus alone could be worth up to $2,640 in value.
New Amex Business Platinum Card Benefits
The Amex Business Platinum card has long been packed with benefits for business owners who have comparatively high annual expenses and are frequent travelers.
Now, the card has received a number of changes that will make it an even more attractive option to consider. The card now offers increased earnings on select purchase categories, more than $1,000 in statement credits, and more.
Here are the details of all the changes:
- Earn 1.5x Membership Rewards points per dollar spent in select business categories including electronic goods retailers, software and cloud system providers, U.S. shipping services, U.S. construction material and hardware suppliers, and on all other eligible purchases up to $5,000. There’s an annual cap for elevated earnings of $2 million in combined spending each calendar year.
- Get up to $360 in annual credit for purchases with Indeed that you make with your card. You’ll receive up to $90 in credits each quarter.
- Get up to $150 in statement credits each year for select prepaid subscriptions with Adobe, including Creative Cloud and Acrobat Pro DC. Enrollment is required to take advantage of this credit.
- Get up to $120 in statement credits each year for wireless phone services purchased directly with a U.S. wireless provider. Enrollment is required, and it will be distributed in the form of a $10 monthly statement credit.
- Get up to $400 in statement credits each year on purchases made at Dell with the card. Once you enroll for this benefit, you’ll be eligible to receive up to $200 in statement credits twice per year. This is double the previous version of this credit, which provided up to $200 annually.
Existing Amex Business Platinum Card Benefits
The Amex Business Platinum card has gotten a slew of new benefits, but its already impressive slate of cardmember perks remains. Here’s a look at the benefits that are unchanged; note that some benefits require enrollment through your Amex account.
- Earn 5x points per dollar spent on flights and prepaid hotels booked through AmexTravel.com
- Up to $200 annual airline fee credit
- 35% airline bonus when you use Pay With Points for flights booked through AmexTravel.com (up to 1,000,000 points per year)
- Global Lounge Collection with access to Centurion Lounges, International American Express Centurion Lounges, Delta Sky Clubs (when flying Delta), Priority Pass lounges, Select Virgin Clubhouses, and more
- TSA PreCheck or Global Entry fee credit
- $189 annual CLEAR Plus credit
- Complimentary hotel and rental car elite status
- Access to American Express Fine Hotels & Resorts
- Global Dining Access by Resy
- Access to the International Airline Program
- Wheels Up (Premium Private Jet Program) membership discount and credit towards first flight
- Receive trip delay insurance, trip cancellation and interruption insurance, baggage insurance, and car rental insurance.
- Receive purchase protection, extended warranty protection, and cell phone protection.
Higher Annual Fee
Now for the not-so-fun part: unfortunately, the Amex Business Platinum card is going to cost more to have in your wallet.
Along with all the new perks and benefits, the card’s annual fee is $695 (rates & fees).
After Amex made significant changes to the personal Amex Platinum card, we figured it was just a matter of time before the Amex Business Platinum card would undergo similar changes.
Now, we have the full story on those changes, and while an annual fee increase is never easy to swallow, Amex added a whole lot of new perks and benefits for cardmembers — including over $1,000 in annual statement credits — that are sure to increase the card’s utility for business owners on the go.
For rates and fees of The Business Platinum Card® from American Express, click here.
Featured Image Credit: American Express
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UP's Bonus Valuation
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.