Earlier this week, I wrote about a very lucrative offer on the Amex Platinum card. It offered the opportunity to earn a welcome bonus of 125,000 Membership Rewards points. Moreover, one could also earn up to 250,000 additional bonus points in select categories in the first six months. With the launch of new card designs yesterday, Amex has now seemingly made changes to the welcome bonus as well. While the 10x bonus may have gone away, they’ve now upped the welcome bonus on the Amex Platinum card to a massive 150,000 Membership Rewards points.
Amex Platinum Card – 150,000 points offer!
With this offer, you’ll earn a welcome bonus of 150,000 Membership Rewards points after you spend $6,000 in the first 6 months. This should be pretty easy for most people as it only requires a spend of $1,000 in each month. The card carries an annual fee of $695 and offers the following credits.
- $200 Hotel credit with Fine Hotels and Resorts and The Hotel Collection
- $200 Airline Fee Credit with US based airlines
- $240 Digital Entertainment Credit
- $155 Walmart Credit
- $200 credit for Uber or Uber Eats
- $300 Equinox Credit
- $179 Clear Credit
- $100 Saks Credit
- Fee Credit for Global Entry or TSA PreCheck
Additionally, you’ll also get the following benefits:
- Complimentary Gold Elite Status with Marriott Bonvoy and Hilton Honors
- Complimentary Centurion lounge access and access to Priority Pass lounges and Delta SkyClubs (while flying Delta)
- 5x Membership Rewards points on flights directly booked with Airlines
- Trip Delay and Cancellation insurance
- Purchase Protection, Return Protection and Extended Warranty
(Tip: If the 150,000 points offer doesn’t show up right away, then copy and paste the link into incognito mode/private browsing mode and that show show up the 150k offer)
DOUBLE DIPPING OPPORTUNITY
The Amex Platinum card offers some great benefits like the Airline Fee credit and the hotel credit. Each credit offers $200 per calendar year. Even if you sign up now and decide to cancel next year, you can still max out these credits by double dipping. For example, you sign up for the card now and get $400 in credits for 2022. Then get another $400 when 2023 starts, even if you later opt to cancel when your January 2023 statement closes.
The Pundit’s Mantra
If you didn’t have enough spend in the 10x categories that Amex was previously offering, then this is potentially a better offer. Firstly, you don’t have to focus your spend in select categories for the first 6 months. Secondly, you get an additional 25,000 points for the level of minimum spend as the previous offer.
Additionally, Amex now lets you choose one out of three designs for the card. Personally, I don’t find this benefit of any value as the new designs don’t really appeal to me.