Summarize and humanize this content to 2000 words in 6 paragraphs in English The Business Platinum Card® from American Express has a limited-time offer of 150,000 points and a $500 statement credit. This offer is interesting because, depending on whether you meet the offer requirements, you can earn one or both aspects of the two-tiered bonus. Here’s the full offer: Earn 150,000 Membership Rewards points after you spend $20,000 on eligible purchases on your Business Platinum Card within the first three months. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your card within the first three months. The offer ends June 30, 2025. This offer is worth at least $2,000 toward flights, though it could be worth much more with specific transfer partner redemptions. Annual fee $695 Welcome offer Earn 150,000 Membership Rewards® Points after spending $20,000 in the first 3 months — plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel in the first 3 months Ongoing Purchases APR 18.49% – 27.49% Variable Recommended credit score Good, Excellent Rewards rate 5x Membership Rewards points on flights, prepaid hotels, short-term rentals, and prepaid flight + hotel packages on AmexTravel.com1.5x points on eligible purchases at U.S. construction material and hardware suppliers; electronic goods retailers; software and cloud system providers; shipping providers; and on purchases of $5,000 or more everywhere else (on up to $2 million of these purchases per calendar year)1x points for each dollar you spend on eligible purchases Benefits Get up to $200 in statement credits per calendar year for incidental fees charged by one qualifying airline to your cardComplimentary access to The American Express Global Lounge Collection, which includes more than 1,400 airport lounges in 140 countriesEarn over $1,000 in annual statement credits on select business purchases, including tech, recruiting, and wireless in the first year of membership. Enrollment required. This is a two-tiered offer: Earn 150,000 Membership Rewards points after spending $20,000 on eligible purchases on your Business Platinum Card within the first three months. Earn a $500 statement credit after spending $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your card within the first three months. You can earn one or both parts of this Amex Business Platinum offer. We don’t like leaving any part of a welcome bonus on the table, so we recommend working at least $2,500 worth of flights into the $20,000 you have to spend in the first three months. Then, you’ll qualify for both the 150,000 points and the $500 statement credit. Of course, this strategy only makes sense if you need to book upcoming flights. The offer could still be worth it if you can only earn the 150,000 points, but it loses much of its value if you only qualify for the $500 statement credit. Read our full Amex Business Platinum Card review The value of 150,000 Membership Rewards points can vary in value depending on the redemption option. Here are some examples of how much 150,000 points are worth for different redemptions: Book flights: $1,500 Reserve prepaid hotels: $1,050 Cover card charges: $900 Receive an Olive Garden gift card: $1,500 Receive a The Cheesecake Factory gift card: $1,275 Receive a Starbucks gift card: $1,050 Using this sampling of possible redemptions, the bonus is worth up to $2,000 (including the $500 statement credit) toward flights or certain gift cards. It’s worth significantly less if you choose any of the low-value redemption options, such as covering card charges or reserving prepaid hotels. However, there’s no set redemption value if you transfer points to one of over 20 Amex travel partners, including Air France-KLM, Singapore Airlines, or Virgin Atlantic. From our experience, you can receive well over $1,500 in value when transferring 150,000 points to a transfer partner. Related: Best credit card sign-up bonuses Consider these examples of transferring points to different Amex travel partners to get more value from your rewards. Singapore Airlines has a route from New York (JFK) to Frankfurt (FRA), where you can book a business class flight for 81,000 miles plus a small amount of taxes and fees. This flight is on one of the best airlines in the world and can cost over $2,600, giving you plenty of value for your points. Singapore Airlines offers frequent discounts with its KrisFlyer Spontaneous Escapes promotions, which could lower the award flight cost to only 56,700 miles. This redemption will be even more worthwhile if you can snag this deal. Either way, you’d still have points left over for other redemptions. How does a business class flight to Paris (CDG) from Seattle (SEA) sound? With only 60,000 points transferred to Air France-KLM Flying Blue, you can make that dream a reality. You have to cover some taxes and fees, but it’s still worth it, considering this flight can cost over $3,000. Even better, you would still have 90,000 Membership Rewards points to use after this redemption. If you would rather stretch your points for more flights, there’s plenty of opportunity to do so. Consider this economy flight on Aer Lingus from Chicago (ORD) to Dublin (DUB), which only costs 13,000 Avios miles and some taxes and fees (about $131). This flight would cost $685 if you were to pay cash. With 150,000 points to work with, you could cover 11 of these flights (worth over $7,500). That’s a lot of solo visits or at least a few family trips, depending on how many “family members” turn up once they hear you’re booking heavily discounted flights to Ireland. The Amex Business Platinum charges a hefty $695 annual fee (see rates and fees), which means you need to get enough value from the card’s benefits each year to offset that amount. Otherwise, it might not be worth hanging onto this card year after year. Without considering the value of its welcome offer, here are a few simple steps to see if a card is worth it for you: See how much you must pay for a card membership or annual fee. Review a card’s benefits and calculate their value. Don’t consider benefits you won’t use. If the value of a particular benefit is difficult to quantify, this can require educated guessing. See if the sum of the values of the benefits you would actually use is more than the annual fee. Here are a few Amex Business Platinum benefits and their potential value: Rewards rate: If your business spends $50,000 on the card annually, that’s at least 50,000 points (worth $500 toward flights). You can earn more points if you spend more or qualify for a higher earning rate. Airport lounge access: Paying for airport lounge access can cost between $35 to $50 or more at locations that allow paid guests. Buying a meal at an airport can cost over $15. With airport lounge benefits, you can avoid paying an entrance fee and frequently receive complimentary food and drinks. $200 Hilton statement credit (enrollment required): For eligible Hilton purchases, you can receive up to $200 in statement credits annually ($50 per quarter). $200 airline fee credit (must select a qualifying airline): You can receive up to $200 in credits per calendar year for incidental purchases, such as baggage fees, made with your selected airline. $199 CLEAR Plus credit: You can receive up to $199 back per calendar year on eligible CLEAR Plus memberships. You can more than offset the annual fee each year by using these and other benefits, many of which we didn’t mention here. Depending on your business expenses, you might earn enough from purchases alone to offset the fee. This article was edited by Alicia Hahn. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
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