American Express has another offer available for their Business Platinum card. The offer comes with 75,000 Membership Rewards bonus, which is lower than previous offers of 100,000 MR or even 150,00 MR bonuses. But the good this about this offer is that it comes with a $5,000 spending requirement in the first three months.
It does have a $450 annual fee which is not waived for the first year, but it can be offset almost entirely (using airline fee credit). The MR points are credited right after you complete the spend requirement.
75K AMEX Business Platinum Offer Details
- Earn 75,000 Membership Rewards points after you spend $5,000 on eligible purchases within the first 3 months of card membership
- $200 airline fee credit: select a qualifying airline and then receive up to $200 per calendar year in statement credits when incidental fees, such as checked bags and in-flight refreshments, are charged to your Business Platinum card
- Fee credit for Global Entry or TSA Precheck: Receive one Global Entry ($100) statement credit or one TSA Precheck ($85) statement credit
- $450 annual fee (not waived)
With such a hefty $450 annual fee, not waived, the question is always whether the card is worth it. I’d say yes it is. You receive a $200 airline fee credit each calendar year, so I received the credit once in December and again in January which almost offset all of the annual fee. Beyond the first year, it becomes harder to justify the $450 cost though since there are no category spend bonuses.
If you get a “system down” error during the online application, you can also apply by phone 24/7 by calling 1-800-519-OPEN as our reader Bruce noted in the comments below.
Make sure you’re eligible
Always make sure you are eligible, otherwise you may complete the minimum spend for no reason. Specifically, for the AMEX Business Platinum, the welcome bonus is not available if you currently have the card or have had this card within the last 12 months.