Disclosure: The Points Pundit receives NO compensation from credit card affiliate partnerships. Support the blog by applying for a card through my personal referral links. This article is meant for information purposes only and doesn’t constitute personal finance, health or investment advice. Please consult a licensed professional for advice pertaining to your situation.


Over the last couple of years, many issuers have increased annual fees on their premium credit card products. On the other hand, they’ve also added benefits. However, Amex has been at the forefront in steadily increasing annual fees on some of their premium products. The goal of this blog is to help you maximize sweet spots, be it for credit card offers or for booking award seats. If you sign up for the Business Platinum card before the end of the year, there’s some great value that you can gain. In this post, I’ll explain how.

Lower Annual Fee

Starting January 14, Amex will charge a $695 annual fee for the Business Platinum card. If you sign up for the card before that, you can still lock in the lower annual fee of $595.

Fantastic Welcome Bonus


business platinum card

120,000 points + 0% APR: A fantastic welcome bonus!


Currently you can earn a welcome bonus of 120,000 Membership Rewards points after you spend $15,000 in the first 3 months of card membership. As per some data points, Amex has also sent better targeted offers of up to 150,000 points as well.

Apply Now

In addition to the 120,000 points, you’ll also get an intro APR of 0% for the first 12 months.

Why sign up now?

Now you may ask, why should I sign up now and not in January? Many of the credits on this card are charged on a calendar year basis. If you sign up now in December, you can easily double dip, even if you decide not to renew the card next year.

Double Dipping Credits

Here are the credits you can double dip if you sign up now.

Airline Fee Credit ($400 value)

You can get the airline fee credit worth $200 right away after you’re approved. Then get another $200 once 2022 begins. That’s already $400 in value for a card that charges a $595 annual fee.

Dell Credit ($600 value)

Amex splits the Dell.com credit mid way through the year. So you can get a $200 credit now. Then get another $200 between January and June 2022. Even if you decide to cancel the card, you can still get another $200 between July and December 2022.

Indeed Credit ($450 value)

The Business Platinum Card offers an Indeed.com credit that’s split quarterly with a credit of $90 per quarter. Between now and December 2022, you can use this $90 credit five times, adding up to $450 in value.

Adobe Credit ($300 value)

Amex also offers the Adobe credit similar to the Airline Fee credit, on a calendar year basis. If you sign up for the card now, you’ll get $150 in credits for 2021 and another $150 for 2022, adding up to $300 in value.

Clear Credit

You can get up to $179 in credits for a Clear membership. You can also use this credit on a calendar year basis and use it once in 2021 and again in 2022.

Other Credits

Telephone Bill Credit ($120 value)

With the Business Platinum Card, you’ll get a $10 statement credit when you charge your wireless telephone bill from a qualifying carrier each month. If you charge your bill each month, you can get up to $120 in credits. Moreover, you’ll get cell phone protection insurance when you simply use your card to pay your phone bill.

Card Benefits

In addition to all the credits mentioned above, you’ll also continue to get some of the amazing benefits that the Business Platinum Card offers.

  • Centurion Lounge Access, Delta Sky Club access while flying Delta, Priority Pass Select & more
  • Access to Amex’s Fine Hotels & Resorts program
  • 35% points back while using Pay with Points with a qualifying Airline
  • 5x points on prepaid hotels and flights booked with Amextravel.com
  • 1.5 x points on all purchases of $5,000 or more
  • Trip cancellation, interruption, delay insurance and lost baggage insurance
  • Car rental and loss damage insurance
  • Marriott & Hilton Gold elite status
  • Fee credit for Global Entry/TSA Pre-check
  • Extended warranty & purchase protection

Crunching the Numbers

Given the way this card’s credits are structured, it makes perfect sense to apply now. You can maximize all the calendar year benefits for this year and then also use all the credits for 2022. If you simply max out all the credits mentioned above, you’ll end up with a value of at least $2,000.

Moreover, you’ll also get a welcome bonus of 120,000 Membership Rewards points. Even if you conservatively value Amex points at 1.5 cents per point, you’ll get a value of $1,800. For a card that charges an annual fee of $595, $3,800 in value is simply fantastic for just keeping the card for the first year. If you frequent lounges in Amex’s network and use their Fine Hotels & Resorts program, then the value on this card simply keeps adding up. Not to mention the complimentary elite status you get with Hilton and Marriott.

The Pundit’s Mantra

To play devil’s advocate, let’s assume that you only value the credits at 50% of their value, based on your consumption patterns. Even in that case, you’ll get a value of $1,000 by simply double dipping the credits. Add to that the welcome bonus value of $1,800 and you’ll still end up with a value of $2,800 for a card that charges a fee of $595.

I already have a card. If you were looking to get this card anyway, then there couldn’t have been a better time to get it, especially with the annual fee about to increase and the sweet spot opportunity to maximize calendar year based credits.

Apply Now for the 120,000 points offer


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