Big Retention Offers for American Express Business Platinum Card
American Express has been very generous with retention offers recently, especially for Business Platinum cardholders. The annual fee on the American Express Business Platinum recently increased $100, from $595 to $695 on January 13, 2022 (Rates & Fees). But even some cardholders who recently paid the lower annual fee have been offered a credit of $695. So they’re effectively getting paid $100 to keep a card that is loaded with credits and benefits.
Here are some of the retention offers that we have seen recently for the American Express Business Platinum card:
- $695 credit with no spending requirement
- $595 credit with no spending requirement
- $395 credit with no spending requirement
- 40,000 Membership Rewards points upon renewal, plus additional 55,000 Membership Rewards points with $40,000 spend within three months.
- 30,000 Membership Rewards points upon renewal, plus additional 50,000 Membership Rewards points with $40,000 spend within three months.
Let me know if you have received any similar offer to renew your American Express Business Platinum card.
Card Details
- Earn:
- 5X Membership Rewards points for each dollar of eligible purchases made when you book on the American Express Travel website
- 2X 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
- 1X on all other eligible purchases
- 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. This benefit is changing on Sep. 18, 2025.
- Redeem points for 1 cent each if you also have an Amex Business Checking account.
- $600 Hotel Credit ($300 semi-annually) for prepaid bookings at Fine Hotels + Resorts or The Hotel Collection ( two-night minimum) through American Express Travel.
- Dell: Up to $150 in statement credits on U.S. purchases directly with Dell and an additional $1,000 statement credit after you spend $5,000 or more on that same card per calendar year.
- 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: $250 statement credit after you spend $600 or more on U.S. purchases directly with Adobe per calendar year. Enrollment required.
- Access to more than 1,400 airport lounges across 140 countries
- $200 in statement credits per calendar year for airline incidental fees. Enrollment required.
- $200 in Hilton statement credits per calendar year (up to $50 per quarter) when you enroll and make purchases directly with a property in the Hilton portfolio (see what works).
- Spend $250,000 on eligible purchases in a calendar year and receive:
- $1,200 Amex Travel Online Flight Credit: Unlock up to $1,200 in statement credits for use in the next calendar year on flights booked on AmexTravel.com.
- $2,400 One AP® Statement Credit: Unlock up to $2,400 in statement credits for use in the next calendar year on monthly fees for American Express One AP®, American Express’ digital accounts
- 35% Airline Bonus for a First or Business class flight on selected qualifying airline when using Membership Rewards Pay with Points through American Express Travel.
- Receive a statement credit every 4 years for Global Entry ($120) or every 4.5 years for TSA PreCheck (up to $85).
- Cover the cost of a CLEAR Plus membership with up to $209 in statement credits per year after you pay with your Business Platinum Card. Enrollment required.
- Leaders Club Sterling Status (The Leading Hotels of the World)
- 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
- Annual Fee:
- Primary Cardholder Annual Fee: $895 (Rates & Fees)
- Additional Employee Cards Fees:
- $400 annual fee for each Employee Business Platinum Card
- No Annual Fee for Employee Business Expense Card
Guru’s Wrap-up
Some of these offers are a no-brainer. But I would probably go for any of those offers listed above . As you can see, the card comes with a ton of benefits and credits that should get you more than enough value to make it worthwhile for another year.
It’s always a good idea to call in or online chat for a retention offer when your annual fee is due. Even on no-fee cards, American Express has been giving out retention offers. So even if you really plan to close a card, a good retention offer could change your mind.
