150K Retention Offer for Amex Business Platinum Card
American Express has long been one of the more generous credit card issuers when it comes to retention offers. These are offers that are extended to existing cardholders who are looking to close an account.
These offers vary widely based on many factors. For example when I tried to close a Business Platinum Card® from American Express over chat last week, I received the following offers:
- $200 credit for $20K spend
- $300 credit for $30K spend
- 40K MR for $30K spend
This are all terrible retention offers, so I just went ahead and closed that card. But apparently it might be better to try calling in when looking to close a card. Travel on Points reports a retention offer of 150,000 points, which is almost as good as a signup bonus.
150K Amex Business Platinum Retention Offer Details
- Earn 150,000 Membership Rewards after spending $15,000 within the first 3 months of accepting the offer.
- $695 annual fee on The Business Platinum Card® from American Express is NOT waived
It’s also worth noting that when accepting a retention offer from American Express you can not close the card for 12 months from the time of accepting the offer. That’s usually nit the same as 12 months from when the annual fee is charged, so make sure to note that date.
Is It Worth It?
This is as good of a retention offer that I have seen for The Business Platinum Card® from American Express, or any other card for that matter. That bonus is easily worth more more than $2,000 and you also get all the credits and benefits that the card provides. So even paying the annual fee, you still come out way ahead.
Up to 250K Signup Bonus
If you are looking to apply for The Business Platinum Card® from American Express, then you can currently find offers as high as 250,000 Membership Rewards points. The highest offer is targeted, and it might take a bit of work to find it.
But there’s also an offer for 200,000 Membership Rewards that should still be available by phone.
Card Details
- 5X Membership Rewards points for each dollar of eligible purchases made when you book on the American Express Travel website
- Earn 1.5X Points per dollar on
- eligible purchases of $5,000 of more
- U.S. Electronics goods, retailers, software, and cloud service providers
- U.S. Construction materials and hardware supplies
- U.S. Shipping providers
- Use Membership Rewards Pay with Points for all or part of an eligible fare and get 35% of those points back, up to 1,000,000 bonus points per calendar year.
- Redeem points for 1 cent each if you also have an Amex Business Checking account.
- Get up to $400 in statement credits annually for U.S. purchases with Dell Technologies. Get up to $200 in statement credits between January and June, and up to $200 in statement credits between July and December. Enrollment required.
- Up to $120 annual statement credits for purchases made directly from any US wireless telephone provider, up to $10 per month. Enrollment required.
- Indeed – Get up to $360 credit ($90 per quarter). Enrollment required.
- Adobe – $150 annual statement credit. Enrollment required.
- Access to more than 1,400 airport lounges across 120 countries
- $200 in statement credits per calendar year for airline incidental fees. Enrollment required.
- Receive a statement credit every 4 years for Global Entry ($100) or every 4.5 years for TSA PreCheck (up to $85).
- Cover the cost of a CLEAR Plus membership with up to $189 in statement credits per year after you pay with your Business Platinum Card. Enrollment required.
- Complimentary membership in premium car rental programs, including Hertz President’s Circle status and other upgrades and discounts. Enrollment required.
- Marriott Bonvoy Gold Elite status
- Hilton Honors Gold status
- Platinum Card Concierge available 24/7 to help with anything from special dinner reservations to finding the perfect gift.
- Resy Dining Benefit
- No Foreign Transaction Fees
- Primary Cardholder Annual Fee: $695 (Rates & Fees)
- Additional Employee Cards Fees:
- $350 annual fee for each Employee Business Platinum Card
- No Annual Fee for Employee Business Expense Card
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