Credit Cards

My Amex Business Platinum Retention Offer

amex biz plat american express business platinum

We may receive a commission when you use our links. Monkey Miles is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as and CardRatings. This relationship may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Monkey Miles is also a Senior Advisor to Bilt Rewards. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

A year ago I received 50k points to upgrade to an Amex Biz Plat

At the time, I actually held another Amex Biz Plat ( which I was going to cancel), but was targeted for an upgrade on an Amex Biz Gold card that I concurrently held. I bit at the upgrade offer, and not only did I receive the 50k points, I cancelled the other Amex Biz Plat, and then used my new Biz Plat to refer 5 people to the then, 100k offer. My 50k turned into 175k points, and I was a happy camper.  That upgraded Biz Plat was looking at an annual fee of $450 hitting mid December so I called into to inquire about retention offers. I was hoping to receive the 50k points, after $10k spend, many people had received during the summer, but alas, I didn’t. I was given two options:

  1. $100 statement credit
  2. 10,000 points

I went with the second option.

I value Amex points somewhere around 2 cents, so that’s like getting $200. Add in the $200 incidental airline credit, and my Gogo passes and I’m already ahead on another year of card membership. Not to mention Centurion lounge access, and a bevy of other perks.

A couple of other reasons.

I don’t hold another Amex that earns MR. Crazy, I know. I’ve been meaning to pick up an Everyday Preferred, and most likely will this year, but I either needed to downgrade the Amex Plat, or sign up for a card that would keep my points alive. I opted to keep my 5/24 number down, and enjoy another year of Amex Biz Plat perks.

I’ll also be flying through SFO more and more this coming year as my allegiance to Alaska/Virgin grows deeper. If I have more than an hour layover I’ll switch terminals at SFO and hang in the Centurion lounge during the layover. That benefit will get used more as I fly through there with more frequency. I’ll also fly through Seattle here and there, and accessing their lounge will yield residual benefits as well.

What would you have done?

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

a blue credit card with blue lines and white text

Learn More

 Affiliate link 

Chase Sapphire Preferred® Card

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

60k Points after $4k spend in 3 months

Annual Fee


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.


  • […] spending on the card in order to achieve it. Or I was hoping that I would get offered at least what that little monkey received… but he is adorable, so makes sense why I he received a superior […]

  • Quags December 11, 2017

    I also upgraded my Am Ex Gold to the Biz Platinum last year for 50K MR points. My card anniversary year just expired in November, and I was offered another 50K MR points with no spend necessary. I put a fair amount of spend on my card though throughout the year so that probably played a role (>$100K). It’d be interesting to know what factors Am Ex takes into account when offering retention bonuses so we know what spend targets etc. to shoot for. Just reading the comments it sounds like retention bonuses are all over the place. Keep up the good work Miles!

  • Trufth4Life December 9, 2017

    I had the same issue (Biz platinum expiring in December). I canceled and signed up for the Ameriprise Platinum (no fee for the first year and you get the same perks).

  • Cj December 9, 2017

    How much did you spend on the AmexPlatium this year……That would give us more knowledge on what we can expect …right

  • Kelly December 9, 2017

    I cancelled today and was offered 15,000 or a $150 statement credit. I declined both offers.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.