Revised Credit Card Introduction Offer: $1,500 - $3,000 from American Express
News Article: Changes to American Express Business Platinum Card's Rewards Strategy
The American Express Business Platinum Card, a popular choice among business owners, is set to undergo changes in its rewards strategy. Here's what you need to know.
Currently, the card offers a 35% points rebate when booking first- or business-class flights with any airline through American Express Travel's Pay with Points feature. This rebate effectively increases the value of each point to about 1.54 cents per point (cpp), also providing frequent flyer miles and elite status credit. However, after September 18, 2025, this benefit will only apply to flights booked with your selected qualifying airline. Booking with any other airline will yield a 20% rebate, significantly lowering the point redemption value for premium flights.
Given these upcoming changes, it might be wise to carefully plan redemptions before the deadline to lock in the higher rebate or switch to partner transfers, which often offer better redemption value, especially for premium cabin awards.
Meanwhile, the Capital One Spark Miles for Business card offers a different set of benefits. It has an annual fee of $0 intro annual fee for the first year, then $95 after, and earns five miles per dollar spent on hotel and car rentals booked through Capital One's travel booking site and two miles per dollar on all other spending. Additionally, it offers a sign-on bonus of 50,000 miles (worth $500) if you spend $4,500 in the first three months.
On the other hand, the American Express® Business Gold Card, available in Gold, Rose Gold, and White Gold designs, offers 4X Membership Rewards® points on the top two eligible categories where your business spends the most each month, with a cap of $150,000 in combined purchases per calendar year. It also comes with benefits such as up to $20 in statement credits monthly after eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores, providing an annual savings of up to $240, a $200 Airline Fee Credit, and up to $209 back per calendar year on your CLEAR® Plus Membership.
The Business Platinum Card® from American Express also offers a rewards credit card offer of 100,000 Membership Rewards® points after spending $15,000 within the first 3 months of Card Membership. Points earned with this card can be redeemed for travel, trips, gift cards, or shop via the amextravel.com platform, and the card provides access to over 1,400 airport lounges across 140 countries.
Before applying for any business credit card, it's essential to consider factors such as your credit score, potential costs, whether you can take on another financial account, your reasons for wanting one, and security measures.
In summary, while the American Express Business Platinum Card is set to change its rewards strategy after September 18, 2025, the Capital One Spark Miles for Business and American Express® Business Gold Card offer unique benefits tailored to different spending patterns. Carefully consider your business's needs when choosing a card.
Investing in the Business Platinum Card from American Express might be less advantageous after September 18, 2025, as the points rebate for flights booked outside the qualifying airline will only offer a 20% rebate, diminishing the return on investment. Consequently, business owners might opt for finance options like the ICO, wallet, or other business credit cards that serve their specific financial needs and investing strategy better.
