Amex Gives $200 Anniversary Credit to Business Platinum Cardholders

I wrote a few days ago about the possibility of American Express issuing some kind of partial annual fee refund to its cardholders due to the pandemic. This was mentioned to a few people over the phone by Amex agents. Now it seems that American Express is doing just that for the Business Platinum card.

American Express is giving a $200 credit to Business Platinum cardholders. Many people have received an email about it, but there is also a public page that shows this credit, alongside other temporary benefits that were added to the card. “Get a one-time $200 statement credit following your account renewal. No further action necessary.”This is a one-time $200 statement credit after Card renewal.

However, the terms say that this credit is for “eligible Business Platinum Card Members as determined by American Express in its sole discretion.” So it is not for every cardholders, but probably those who have their anniversary coming up in the nest few months.

Offer Terms

• Offer is non-transferable.
• This statement credit is limited to Basic (not Additional) Card Members only.
• If the eligible Business Platinum Card is cancelled, or you have downgraded or upgraded your Card up to 45 days after the first day of your renewal month, you will not receive the one-time $200 statement credit.
• The statement credit will be applied to the eligible card account within 8-12 weeks of the account renewal month.

Guru’s Wrap-up

This is a card with a $595 annual fee, so a $200 discount helps, if your anniversary is coming up. You also have the additional benefits for shipping, wireless and Dell that could add up to $520 in credits through the end of the year. I wonder if you can still get a retention offer by calling in, in addition to this automatic $200 anniversary credit.