Amex Platinum does not offer a bonus of 150k points. The biggest bonuses people report getting from Amex Platinum are 100k to 125k points. Amex Platinum’s normal initial bonus offer is 75,000 points. If approved, new cardholders will need to spend $5,000 in the first 6 months to earn any initial bonus from Amex Platinum. Only new customers are eligible to qualify for an Amex Platinum initial bonus.
While there are no Amex Platinum 150k bonus offers for the personal card, American Express has in the past offered a 150k bonus for its Platinum Business card. The one-time bonus is now available only through a targeted offer directly from American Express. The spending requirement of $10,000 in the first 3 months is higher than for the personal card, though.
It’s possible to get an Amex Platinum 100k bonus, but only if Amex sends you a personalized offer by mail or email. Amex may send you this offer if your credit profile is a good fit for the card. If you receive an offer and are approved for the Platinum card, you must spend $5,000 within 3 months from the date the account is approved in order to earn the 100k bonus.… read full answer
Even though the Amex Platinum 100k bonus isn’t available to everyone, the Platinum card’s regular bonus of 75,000 points is still a pretty good deal if you qualify. The points are worth enough to offset the cost of the Platinum card’s hefty $550 annual fee, at least for the first year.
Once you’ve met the spending requirement for Amex Platinum’s bonus, which is $5,000 in the first 6 months, the points will post to your account within 8-12 weeks.
The Platinum Card® from American Express gives you 5 Amex Platinum points per $1 spent on flights and hotels, plus 1 point per $1 on everything else. To qualify for this card’s 5 points per $1 bonus rewards rate, flights must be booked through the airline or Amex, and hotels must be booked through Amex. The Platinum Card® from American Express also has an initial bonus of 75,000 points for spending $5,000 in the first 6 months.… read full answer
There are lots of different ways to redeem your card’s points. You can use them to book travel through Amex, get gift cards or cash back, shop online, and even make charitable donations. The Platinum Card® from American Express points are worth 0.7 cents to 1 cent each in most cases.
Here’s how to redeem points:
Book travel through Amex. Just log in to your Amex account via the Amex travel portal, then search for the transportation and accommodations you want to book. When it comes time to check out, there will be an option to pay with points.
Transfer points. You can actually move your points at a 1:1 ratio to 18 airline and 3 hotel loyalty programs. To do so, log in to your Amex account and choose your loyalty program. Just keep in mind that you have to transfer in 1,000-point increments.
Get gift cards. Log in to Amex’s gift card reward page to make your selection. There are dozens to choose from, from restaurants and movie theaters to airlines and bookstores.
Donate. You can make a tax-deductible charitable donation with your rewards points by logging in at Amex’s Members Give page.
Pay for Uber. If you connect your card to your Uber account, you should see a “use points” option in your app.
Amazon Shop with Points. If you connect your Amex card to your Amazon account, you can use their Shop with Points system to spend points on merchandise. But you’ll only get 0.7 cents per point using this method.
Statement credit. You can use your points to pay for charges on your statement, at a rate of 0.6 cents per point, by logging in to your Amex account.
There are a few other ways to spend this card’s points. They’re worth 0.5 cents each toward Ticketmaster purchases and 0.7 cents each toward Rite Aid purchases, Bestbuy.com, Staples.com and a few other sites. Plus, you can use them at a rate of 1 cent each toward NYC Taxi rides.
Most people will probably spend the bulk of their points on travel, because this is a card marketed toward frequent travelers. But it’s nice to know there are lots of options. It’s best to redeem points often to minimize the chances that Amex devalues them by raising the amount you need for certain redemption options.
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