Those are the some of the most notable benefits, but since American Express Business Platinum was built for frequent travelers, there are several more.
Here are the top American Express Business Platinum card travel perks:
Points earning: You earn 5 points per $1 spent on flights and prepaid hotels on amextravel.com, 1.5 points per $1 on purchases of $5,000 or more (up to 1 million additional points per year), and 1 point per $1 on all other purchases. New card members get 120,000 points for spending $15,000 within 3 months.
35% airline bonus: When you use you points to book first class or business class flights at amextravel.com, you get 35% of them back. The limit is 500,000 points refunded per year.
Airport lounges: American Express Business Platinum card members get free entry to 1,300+ airport lounges all over the world.
Trip cancellation and interruption insurance: Eligible unexpected events that cause the cancellation or interruption of a trip paid for with your American Express Business Platinum card. For coverage details, select your card on Amex’s dedicated web page.
Rental car insurance: You’re covered for theft or damage (up to the value of the car), as long as you pay with your Amex Business Platinum card and decline the rental company’s insurance. You can view your can view more details about coverage by selecting your card on Amex’s dedicated web page.
$200 airline fee credit: Amex will reimburse you up to $200 a year for charges like baggage fees and in-flight food and drink. This benefit can only be applied to one airline per year.
TSA Pre-check or Global Entry credit: If you’re accepted, Amex will cover your membership in TSA PreCheck or Global Entry .
0%foreign transaction fees: 0% extra fees when you make purchases in another country.
The American Express Business Platinum card travel benefits offer you peace of mind and comfort while traveling. And you get rewarded for booking through the right channels. So the card’s a contender if you spend a lot of time in airport lounges, the friendly skies and hotels.
Yes, Amex Platinum is worth it for travelers with good credit who spend a lot and can take advantage of the card’s benefits. Amex Platinum benefits include a TSA PreCheck or Global Entry fee credit, airport lounge access, up to $200 in Uber credits and up to $200 in airline fee credits annually, and more. The card’s initial bonus of 100,000 points after you spend $6,000 in the first 6 months also goes a long way toward making the card worth its $695 annual fee.… read full answer
For the first year alone, you could wind up with at least $1,800 in net value (rewards and other perks, minus the $695 annual fee). The American Express Platinum card’s second year will have the same annual fee, but the total value of your benefits in year two would only be about $900 if you spent the same amount on the card as year one.
To really make money with this card after the first year, you’d have to spend a lot more. That said, many of the card’s perks are ongoing. You’ll benefit more if your purchases qualify for Amex Platinum’s ongoing bonus rewards rates, and if you utilize Amex Platinum’s complimentary Gold status in the Marriott Bonvoy and Hilton Honors hotel loyalty programs.
All in all, Amex Platinum is a good card for big spenders who travel all the time and can wring every drop of value out of its benefits. But it’s far too expensive for light spenders and occasional travelers.
American Express points are worth 0.67 cents per point, on average. The value of American Express points depends on how you choose to redeem the points. For example, points from American Express are worth up to 0.77 cents each when redeemed for travel through the Membership Rewards program, and they are worth 0.6 cents each when redeemed for cash back. … read full answer
American Express Points Value by Redemption Method
Tips for Maximizing the Value of American Express Points
Redeem Points for Travel.
American Express points are worth the most when redeemed for travel.
Redeem American Express points regularly.
American Express points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.
Keep your account in good standing.
If American Express closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved. And if you pay late, you might have to pay a fee to get back the points from that billing period.
Redeem before closing your account.
Any points you don't redeem before closing your account will be lost, unless you keep another American Express credit card account open.
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