Amex Business Platinum gets $120 wireless credit, $400 Dell credit, 1.5x on up to $2M select categories – new annual fee $695 announced

American Express just added even more statements credits + new category bonuses on their Business Platinum, but also  announced that the annual fee goes to $695 (Rates and fees) if application is received on or after 1/13/22. Let’s take a look:

Here are the new benefits:

The Dell statement credit was increased from $200 annually.

• $400 Annual Dell credit ( enrollment required )
  • This is split into 2, $200 credits, applied every 6 months: Jan to June and July to Dec
• $120 Wireless Credit ( enrollment required )
  • $10 per month wireless credit,
  • Must make payments directly to any US Wireless provider
• 1.5x on up to $2 Million at select categories
  • Electronics goods, retailers, software, and cloud service providers
  • Construction materials and hardware supplies
  • Shipping providers
• $360 Indeed credit ( enrollment required )
  •  get $90 per quarter, Up to $360 annual statement credit
  • on all Indeed hiring and recruiting products and services
• $150 Adobe credit ( enrollment required )
  • : $150 annual statement credit on select purchases,
  • Adobe Creative Cloud, creative apps and services, and Acrobat Pro DC with e-sign.

These were added earlier this year:

• $179 Clear credit (enrollment required )
• Cell Phone Insurance
  • $800 per claim, 2x per 12 month period
  • $50 deductible per approved claim

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I made use of the 35% rebate on Qatar Airways QSuites for my honeymoon

Here is the full list of benefits:

1. 120,000 welcome offer after $15k spend in 3 months
2. Annual fee $595 (Rates and fees)
   • Annual fee goes to $695 (Rates and fees) if application is received on or after 1/13/22.
3. $179 Clear credit (enrollment required )
4. $200 annual airline incidental fee reimbursement (enrollment required )
5. $120 Wireless Credit ( enrollment required )
   • $10 per month wireless credit,
   • Must make payments directly to any US Wireless provider
6. 1.5x points on qualifying purchases over $5000
7. 1.5x on up to $2 Million at select categories
   • Electronics goods, retailers, software, and cloud service providers
   • Construction materials and hardware supplies
   • Shipping providers
8. Global Entry fee reimbursement – worth $100 (enrollment required )
9. Priority Pass Select membership – worth ~ $400 (enrollment required )
10. Cell Phone Insurance
    • $800 per claim, 2x per 12 month period
    • $50 deductible per approved claim
11. Delta Sky Club lounge access – when flying on Delta
12. Centurion Lounge access – network expanding and very worthwhile
    • I do love these clubs! Check out SFO, MIAMI
13. Access to Fine Hotels and Resorts
    1. Amazing benefits such as free breakfast, resort credits, room upgrades, early check in, late check out, etc
       • Using Amex FHR has earned me $100s per stay each time I use it.
14. Over 20 transfer partners: like Singapore Air, Air Canada, Air France, British Airways
    • Read about our best uses of Amex Points
15. Marriott Gold status (enrollment required )
16. Hilton Honors Gold status (enrollment required )
17. The Hotel selection
    1. slightly different than Fine Hotels and Resorts, but provides great benefits, credits, and upgrades
18. 5x points on flights booked through Amex Travel
19. Access to International Airlines Program rates for select premium cabin flights originating in the USA
20. $400 Annual Dell credit ( enrollment required )
    • This is split into 2, $200 credits, applied every 6 months: Jan to June and July to Dec
21. $360 Indeed credit ( enrollment required )
    •  get $90 per quarter, Up to $360 annual statement credit
    • on all Indeed hiring and recruiting products and services
22. $150 Adobe credit ( enrollment required )
    • : $150 annual statement credit on select purchases,
    • Adobe Creative Cloud, creative apps and services, and Acrobat Pro DC with e-sign.

Overall: 4 benefits outweigh the annual fee for me

Here’s where I extract the most value and reconcile keeping the card in my wallet. In fact, I currently have 3 of them and just the Dell and Airline credits outset $600 of the fees and those aren’t redundant credit that I couldn’t make use of.

• $179 Clear credit (enrollment required )
• $120 Wireless Credit ( enrollment required )
  • $10 per month wireless credit,
  • Must make payments directly to any US Wireless provider
• $400 Annual Dell credit ( enrollment required )
  • This is split into 2, $200 credits, applied every 6 months: Jan to June and July to Dec
• $200 annual airline incidental fee reimbursement (enrollment required )
  • if you have a pet you’ll burn this up quickly

This is $899 and doesn’t even include the added value of free Cell Phone Insurance. The only hiccup really is that Dell has gotten rid of TVs

• Best Starter Card

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Chase Sapphire Preferred® Card

4.8

 4.8/5

The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

$300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

Annual Fee

$95

Points Earned

Transferrable Chase Ultimate Rewards

Card Benefits

• $300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 
  
  • That’s worth $750 when redeemed through Chase Travel℠. Plus, get up to $300 in statement credits on Chase Travel℠ purchases within your first year
• 5x on all travel purchased through Chase Travel℠
• 3x on dining, including eligible delivery services for takeout & dining out
• 3x on select streaming services
• 3x on online grocery purchases
  • (excluding Target, Walmart and wholesale clubs)
• $50 Annual Chase Travel Hotel Credit via Chase Travel℠
  • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
• 2x on all other travel
• 10% Anniversary Bonus
  • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
• Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
• Points are transferrable to 14 Ultimate Rewards partners
• Redeem in Chase Travel℠ for 1.25 cents per point
• No foreign transaction fees
• Suite of Travel and Purchase Coverage
  • Auto Rental Collision Damage Waiver is my favorite
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• $95 Annual Fee

Monkey Miles Related Articles

• Full Review
• Best uses of Chase Ultimate Rewards
• Chase Application Rules
• Complete Guide to Chase Credit Cards
• Credit Card Spreadsheet with historical data on best offer

Is this the best ever offer?

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

Quick Breakdown

The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex®  and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.