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$720 in total statement credits for
Amex Business Platinum in 2020
Last week we reported that Amex was sweetening a few of its products, one of which is the Amex Business Platinum. The sweetener we reported for the Amex Business Platinum was $20 credit per month on both wireless service charges and shipping. That’s $320 if you max out. Well…the deal has gotten sweeter for the $595 annual fee card, and another $400 of statement credits have been added ( maybe targeted?).
Don’t forget to add your referrals to our Amex Business Platinum referral page either ( currently an 85k referral)
A quick refresher on the Amex Business Platinum benefits we value most
- $200 Incidental Airline Credit with your specified airline
- $200 Annual Dell credit ( split $100 each 6 months of the year )
- Centurion Club Lounge Access
- 50% bonus on purchases over $5k
- 35% back on points redeemed on your airline of choice/premium cabin tickets
- 5x points on flights purchased in Amex Travel
- $595 annual fee – not that we love this, but you should be aware of it
$400 of New Amex Business statement credits
I just received a targeted email for $400 in statement credits broken into two parts contingent on renewal
- Agree to keep my card for another year and get a $200 statement credit after my annual fee hits
- Get double the Dell credit
- $100 between May 1 and June 30, 2020
- $100 between July 31, 2020
Note we have an article that will help you find products to use your dell credit
Don’t forget about the already announced credits of $40 a month on wireless and Shipping. Another $320 If you max out.
Check out the terms and conditions, but things like hardware and non shipping items sold are excluded. The incentives are really geared towards rewarding actual wireless service charges and actual shipping charges. Whether other charges trigger the credit remains to be seen, but Amex has an effective RAT team that claws back purchases that weren’t supposed to trigger. Keep that in mind when valuing this benefit.
Thoughts
It’s clear that Amex is leading the pack on offering sweet retentions to their customers. I’d recommend reading our article on retention offers changing after the fee hits so you can assess whether you want to take this offer or not. We ended up lucking out and getting a better offer after the fee hit, but I was fully ready to cancel.
I’m going to mull this over, on the face of it…I like it. I’m pretty ready to accept. I like that my Amex Business Platinum gives me 35% back ( maybe they’ll even increase this back to 50% as a spicy incentive ) and I could easily make full use of the $400 in new incentives. This makes the annual fee more like $195 which I’m more than willing to eat. I susepct I’ll probably be able to make use of the airline incidental credit since I travel with a pet quite often, but who knows given the environment.
The $40 per month incentives will go largely unused aside from maybe some random shipping purchases I’ll make. The wireless credits stipulate they must be used on monthly services not equipment – given the propensity for clawbacks I won’t even risk buying some cords, cases, etc.
You can read the full Terms and Conditions
¹ Eligible Business Platinum Card Members as determined by American Express in its sole discretion, will be eligible to receive a one-time $200 statement credit after Card renewal. The statement credit will be applied to the eligible Card account within 8-12 weeks of the account renewal month. This statement credit is limited to Basic (not Additional) Card Members only. Offer is non-transferable. If the eligible Business Platinum Card is cancelled, or you have downgraded or upgraded your Card up to 45 days after the first day of your renewal month, you will not receive the one-time $200 statement credit. American Express reserves the right to modify or revoke offer at any time.
² Only the Basic Card Member or Authorized Account Manager(s) on a Business Platinum Card® are eligible to use this credit. Additional credit only available on purchases made between May 1 through June 30, 2020 and July 1 through December 31, 2020 and not applicable retroactively. Eligible purchases must be charged to the enrolled Card Account for the benefit to apply. Purchases by both the enrolled Basic Card Member and Employee Card Members on the enrolled Business Platinum Card Account are eligible for statement credits. However, each Card Account is only eligible for up to $100 in additional statement credit between May and June 2020 and $100 in additional statement credits between July and December 2020. Valid only on purchases made on your Business Platinum Card directly with Dell or at dell.com in the US and US territories where Dell is the merchant of record for the purchase. Not valid on online purchases shipped outside of the US. Please allow 2-4 weeks after an eligible purchase is charged to your Card Account for statement credit(s) to be posted to the Account. Please call the number on the back of the Card if statement credits have not posted after 4 weeks from the date of purchase. Note that American Express may not receive information about your eligible purchase from merchant until all items from your eligible purchase have been provided/shipped by merchant. Statement credit may be reversed if the eligible purchase is returned/cancelled. If American Express does not receive information that identifies your transaction as eligible for the benefit, you will not receive the statement credit. For example, your transaction will not be eligible if it is not made directly with the merchant. In addition, in most cases, you may not receive the statement credit if your transaction is made with an electronic wallet or through a third party or if the merchant uses a mobile or wireless card reader to process it. To be eligible for this benefit, Card Account(s) must be not canceled and not past due at the time of statement credits fulfillment. For additional information, call the number on the back of your Card.
³ Purchases between May 1, 2020 to December 31, 2020 by both the Basic Card Member and Additional Card Members on the Card Account are eligible for statement credit. However, each Business Platinum Card Account is only eligible for up to $20 in statement credit per month. Valid only on purchases for monthly wireless telephone service charges made directly from a wireless telephone service provider in the United States. Purchases for hardware and equipment are NOT included. Any purchases from third parties, authorized retailers or resellers are excluded. Bundled services offered by Wireless companies for TV, Internet and VoIP (Voice Over Internet Protocol) services are excluded. Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents. Additional terms and restrictions apply. Merchants are assigned codes based on what they primarily sell. A purchase will not earn statement credits if the merchant’s code is not eligible. If American Express does not receive information that identifies your transaction as eligible for the statement credit, you will not receive the statement credit. For example, your transaction will not be eligible if it is not made directly with the merchant. Purchases made through a third-party payment account or on an online marketplace (with multiple retailers) will not earn statement credit. A purchase may not earn statement credit if the merchant submits the purchase using a mobile or wireless card reader or if you use a mobile or digital wallet. Please allow 2-4 weeks after an eligible purchase is charged to your Card Account for statement credit(s) to be posted to the Account. Please call the number on the back of the Card if statement credits have not posted after 4 weeks from the date of purchase. Note that American Express may not receive information about your eligible purchase from merchant until all items from your eligible purchase have been provided/shipped by merchant. Statement credits may be reversed if the eligible purchase is returned/cancelled. To be eligible for this statement credit, Card Account(s) must be not canceled and not past due at the time of statement credits fulfillment. For additional information, call the number on the back of your Card.
4 Purchases made between May 1, 2020 and December 31, 2020 by both the Basic Card Member and Additional Card Members on the Business Platinum Card Account are eligible for statement credit. However, each Card Account is only eligible for up to $20 in statement credit per month. Valid only on purchases made in the U.S. for courier, postal, and freight shipping services. Eligible shipping service companies include UPS, FedEx, and USPS as well as other companies that are primarily in the business of courier, postal, and freight shipping services. This does not include shipping costs added to retail purchases, moving services, or trash removal. Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents. Additional terms and restrictions apply. Merchants are assigned codes based on what they primarily sell. A purchase will not earn statement credits if the merchant’s code is not eligible. If American Express does not receive information that identifies your transaction as eligible for the statement credit, you will not receive the statement credit. For example, your transaction will not be eligible if it is not made directly with the merchant. Purchases made through a third-party payment account or on an online marketplace (with multiple retailers) will not earn statement credit. A purchase may not earn statement credit if the merchant submits the purchase using a mobile or wireless card reader or if you use a mobile or digital wallet. Please allow 2-4 weeks after an eligible purchase is charged to your Card Account for statement credit(s) to be posted to the Account. Please call the number on the back of the Card if statement credits have not posted after 4 weeks from the date of purchase. Note that American Express may not receive information about your eligible purchase from merchant until all items from your eligible purchase have been provided/shipped by merchant. Statement credits may be reversed if the eligible purchase is returned/cancelled. To be eligible for this statement credit, Card Account(s) must be not canceled and not past due at the time of statement credits fulfillment. For additional information, call the number on the back of your Card.
American Express Customer Service Department
P.O. Box 981535 | El Paso, TX 79998-1535
© 2020 American Express. All Rights Reserved.
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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
60k Points after $4k spend in 3 months
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 60k points after $4k spend in 3 months
- Worth $750 in Chase Travel℠ and way more if you maximize transfer partners
- 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, 2024
- $95 Annual Fee
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:
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.
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.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.