March 6, 2017
Minor Improvements Coming To AMEX Business Platinum Card This Month
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A few days ago we wrote about major changes coming to the personal Platinum Card from American Express. This includes changes like an annual $200 Uber credit, 5X points per $1 spent on hotel bookings through American Express Travel, and a $100 annual fee increase to $550. American Express is introducing several changes to its Business Platinum Card as well on March 30, 2017.
- Earn 5X points per $1 spent on prepaid hotel bookings and airfare booked through American Express Travel. The 5X on hotel spending is the same as the Personal Platinum Card, but the 5X on airfare is different. With the business card you need to book flights through the AMEX travel portal to get 5X. With the personal card you can book either directly through the airline or through AMEX travel to get 5X.
- Access to expanded Global Lounge Collection. AMEX hasn’t clarified exactly what this means. However, we do know that AMEX’s Priority Pass lounge benefits are being improved. Cardholders will now be allowed to bring two guests into Priority Pass lounges for free.
- The $450 annual fee for this card is not increasing like it did with the personal Platinum Card. (Phew!)
- Earn 1.5X Membership Reward points per $1 on qualifying purchases of $5,000+ (Up to 1 million points per year)
- Access to over 1,000 lounges in the Global Lounge Collection (Including Centurion Lounges)
- $200 annual airline fee credits
- Pay with points for business or first class fare on any airline and get 50% of your points back
- Pay with points for any fare on your one selected airline and get 50% of your points back
- $100 fee credit for Global Entry or TSA Pre-check, once every four years
- Starwood Preferred Guest Gold status
It’s nice that AMEX is adding some new perks to this card without increasing the annual fee, although the restrictions are a bit annoying. Booking through the AMEX travel portal to earn 5X on airfare should work fine with simple itineraries-but I don’t like being forced to use a particular booking platform. One of the reasons why I love the Chase Sapphire Reserve is that I get 3X points for virtually any travel booked on any platform-huge flexibility and ease of use. Like the Personal Platinum Card, the 5X on hotels with the Business Card is useless for me in most cases because the hotels have to be booked through American Express Travel. This means you won’t get any credit towards status from the hotel chain you’re staying at and you might see reduced elite perks if you already have status. Overall the changes are a minor net positive (5X on airfare when booked through AMEX travel), but nothing to get too excited about.