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American Express Platinum Business Card: Bonus 150000 Membership Rewards Points ($1500 Annual Fee)

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American Express Platinum Business Card: Bonus 150000 Membership Rewards Points ($1500 Annual Fee)
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edisonAU on 14/03/2016 - 16:54 americanexpress.com (568 clicks)
Last edited 15/03/2016 - 11:41 by 1 other user

This card is not for everyone, it has $1500 annual fee, but you get the following:

Highlights

  • 150,000 Membership Rewards points1 when you apply by 31 March 2016, are approved and spend $5,000 on your Card within the first 2 months of Card Membership. This offer excludes existing Card Members or previous Card Members who have held any American Express Card in the last 12 months1

  • Your American Express® Platinum Business Card gives you access to premium services with Platinum Business Concierge3, designed to help you save time and manage your account with ease.

  • Earn 2 Membership Rewards points4 per dollar spent at tens of thousands of restaurants in Australia, and at airlines, accommodation, spend in foreign currency, advertising, couriers and computer equipment

  • Earn 1 Membership Rewards point4 per dollar spent on all other purchases excluding utilities, insurance (except those issued by American Express) and government bodies in Australia where you earn 0.5 Membership Rewards points4 per dollar spent. You will earn up to a threshold of 375,000 points4 reverting thereafter to 1 point per $1 spent except for the 0.5 categories mentioned above

  • Platinum Travel means a team of experts will attend to your business requests 24 hours a day, 7 days a week - giving you more time to concentrate on work and unwind when you're done

  • Your Platinum Business Card comes with complimentary Virgin Lounge access5. Simply show your Card and Virgin Australia boarding pass to gain entry. Priority Pass membership2 is also yours to enjoy. You and one Supplementary Card Member will now have unlimited access to over 700 VIP airport lounges in more than 100 countries

  • For most of the Platinum Travel Insurances6 you don’t even need to use your Card for the purchase to be covered; you’re entitled to them, just for holding the Card. Plus, your dependent children (up to and including the age of 24), your spouse and any Supplementary Card Members are also covered by these travel insurances

  • Control your paperwork and expenses with monthly statements. Where available, the GST payable amount for transactions is provided and meets the ATO’s requirements for GST reporting7. This will assist you when completing your BAS and managing your business expenses at tax time

Card Type: Charge Card with no pre-set spending limit8
Annual Fee : $1,500 p.a.
Supplementary Cards : Earn Rewards faster with up to 99 additional Supplementary Cards for your colleagues at no additional cost

What you can do for 150000 Membership Rewards Points?

Transfer to 10 Airline Partners:
Qantas: 1:1
Virgin Australia: 1:1
Singapore Airlines: 1:1
Cathay Pacific 1:1
Etihad 1:1
Malaysia Airlines 1:1
Thai Airways 1:1
Emirates 4:3
Virgin Atlantic 1:1
Air New Zealand 100:1

So what it means is:
- Almost free Business Class return trip to Europe on Singapore Airlines (requires 161500 Krisflyer Miles).
- Almost 2 free Business Class return trip to Hong Kong on Cathay Pacific (requires 160000 Asia Miles)
- Free First/Suites Class trip to Hong Kong or (almost) Tokyo on Singapore Airlines (requires 127000 or 161500 Krisflyer Miles)

Interesting, even it is for "business", it seems that as long as you are qualified with the eligibility below, you can get the card:

  • I am aged over 18
  • I am an Australian citizen or permanent resident
  • I have a personal gross (pre-tax) annual income of $75,000 or more
  • I have no history of bad debt or payment default

Please apply at standard link above, or you are a kind and compassionate person, please use my referral link below:

https://www316.americanexpress.com/iFormsSecure/un/iforms.do…

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (7)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

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closed Comments

  • syl on 14/03/2016 - 16:57

    time to print an Ozbargain business card.

  • avgbowlofpho on 14/03/2016 - 17:01

    good deal

  • quarrymaster on 14/03/2016 - 17:03

    I recently used my QFF points to redeem most of our family's four tickets, but left some amount to pay by AMEX which includes travel insurance, so it's probably no bad thing the points didn't cover for a complete ticket.

    • unity1 on 14/03/2016 - 18:01
      +3

      Don't you have to pay the whole airfare on credit card to receive the complimentary insurance?

      • Bellpop on 14/03/2016 - 18:41

        Good question.

      • illumination on 14/03/2016 - 19:39

        Depends on the card. For most of the bank issued ones, yes, I believe so. They also usually have a minimum spend of your holiday expenses (accommodation, car hire, tours, airfares) of about $500.

        Some of the AMEX ones have specific wording that say something to the effect of "including those booked with points", and I think this one + the other AMEX Platinum Charge Card are one of the cards that cover for flights booked with points.

      • quarrymaster on 14/03/2016 - 21:32

        I think my ANZ issued cards were a minimum of $250.

      • Utopian on 14/03/2016 - 21:43

        Depends on the card. Some only require a percentage or dollar amount.

  • Berek on 14/03/2016 - 17:15
    -2

    I doubt people who can afford the $1500 annual fee would shop ozbargain style… just sayin

    • JohnHowardsEyebrows on 14/03/2016 - 17:47
      +5

      Check out the response to the $1200 version of the card I posted… plenty of people on decent incomes looking for a good deal.

      • voteoften on 14/03/2016 - 18:17
        +2

        Indeed, many would just look at this as a legitimate purchase of points and other benefits. .5 point for ato payments is a disappointment.

        • JohnHowardsEyebrows on 14/03/2016 - 18:23
          +2

          Yeah, I don't know why anybody would pay the tax office with Amex, knowing that you'll only get 0.5 points, but pay 1.5%.

        • Tiggrrrrr on 14/03/2016 - 19:35

          @JohnHowardsEyebrows: Considering you get 110,000 FF points for a $349 yearly fee with the regular Platinum Amex, is $1500 for 150,000 really worth it?

        • illumination on 14/03/2016 - 19:42
          +1

          @Tiggrrrrr: You can no longer get that though, but yes from a pure points point of view that is better. Keep in mind that that is only Velocity points though (and KrisFlyer, I guess), whereas these points are a lot more flexible.

        • JohnHowardsEyebrows on 14/03/2016 - 19:50
          +1

          @Tiggrrrrr: That offer is now 80k points for $349 with a free flight. IMO a a slightly better value offer than the two Amex charge cards, but quite a different proposition (the Platinum Cards are really only great value if you have significant travel - especially overseas travel - planned in the next year, where the Velocity Amex is great even if you don't have immediate plans). I have both. :)

        • Tiggrrrrr on 14/03/2016 - 19:55

          @illumination: Hmmm….good point. $1500 for a Business class ticket to London seems like a good deal. Anyone know if that is inclusive of taxes?

        • Tiggrrrrr on 14/03/2016 - 20:03

          @JohnHowardsEyebrows: Ok, didn't realise they had dropped the points by 30k. Although I'm quite happy with it, I don't think I will renew. Similar point earns elsewhere, for zero fee cards, and not really a fussed over the airport lounges.

        • JohnHowardsEyebrows on 14/03/2016 - 20:10
          +1

          @Tiggrrrrr: Or you could get them all. ;)

          Ping @ muncan

        • Move-D on 14/03/2016 - 20:17

          @JohnHowardsEyebrows: Where is this 80k for $349 deal?

        • Tiggrrrrr on 14/03/2016 - 20:17

          @JohnHowardsEyebrows: HaHa. Just like pokemon.

          I'm just looking at your other post now. Might apply for that instead.

        • Tiggrrrrr on 14/03/2016 - 20:20
          +2

          @Move-D: Try here Velocity Platinum Credit Card: You get up to 80,000 Velocity points after $500 spend (within 3 months), Free Domestic Flight*

        • JohnHowardsEyebrows on 14/03/2016 - 20:31
          +1

          @Move-D: Per the link posted by Tiggrrrrr, just pick a referral link for the Velocity Platinum.

        • Hellman109 on 14/03/2016 - 20:45

          I have a different AMEX and Ive never paid using it where I have to pay extra, its never worth it at all.

        • voteoften on 14/03/2016 - 22:03

          @JohnHowardsEyebrows: Not with this card obviously. I understand Westpac business cards still give full points for ato payments. This is second hand info

  • random101 on 14/03/2016 - 17:17

    Do I get those points annually? Or is it a one off sign up deal?

    • random101 on 14/03/2016 - 17:19

      The tricky part would be $5k in the first two months - No idea what I could buy in the next two months… or buy and return? Betting maybe?

    • jeppetto367 on 14/03/2016 - 21:16

      It's a one time deal.

  • spuderump on 14/03/2016 - 17:30
    +1

    best thing to do for anyone trying to meet the minimum spend is buy a Qantas business class fare 12 months in advance, wait til you get the points then refund as soon as they are processed.

  • cheaty on 14/03/2016 - 17:35

    How to estimate the value of the points on various airlines without actually having an account there?

    In other words - what can I get for the 150000 Membership Rewards Points that kind of cost $1500?

    • samehada on 14/03/2016 - 17:41

      The best way to use them is redeem flight, but many airlines in the list has ridiculous fuel surcharge which they disguise as taxes and fees (YR & YQ carrier charges)

      You'd better understand the system well or else you are still out of pocket by $1000+ after using 100K+ points to redeem flight. Cathay Pacific is good one without any ridiculous fuel surcharge, QF, BA, SQ are all bad.

      I think the best value out of those airlines are MH Enrich with 35K miles oneworld redemption on Business class for 200K points or 50K miles for 220K points

      Even so, $1500 is kinda negate any benefit, especially with all the airlines deals posted everyday, you have more options at cheap price and the deal include ALL taxes and fuel surcharges

      • random101 on 14/03/2016 - 17:49
        +1

        Can you get a business class ticket to Europe for under $2k? (return)

  • petestrash on 14/03/2016 - 17:36
    +4

    When posting an Amex deal you should include a link to the amex referrals page to share the love
    https://www.ozbargain.com.au/wiki/american_express_referrals…

    • edisonAU on 14/03/2016 - 21:27

      Actually, I have already requested Mods to review my post at first instance. He (I think) said I did everything correctly in my post. In fact, I have to ask him to add a new card category in Wiki so I can add my link.

  • ca6leguy on 14/03/2016 - 17:51
    -3

    This is ozbargainers not ozfeepayers.

  • sockpuppy on 14/03/2016 - 17:54
    +2

    Remember if you are on 100,000 plus then for each $1 over $80K you are paying 39%tax, for each $1 over $180K you are paying 49% tax. So in a way you are converting $1500 of pretax business income into private purposes eg the 150,000 points can be used to fly to sydney hawaii return economy (57000 each) for 3 with Jetstar.

  • SmiTTy on 14/03/2016 - 17:58

    Doesnt look like there is much advantage over this deal ?
    https://www.ozbargain.com.au/node/236605

    • illumination on 14/03/2016 - 19:32
      +1

      At a high level, the benefit would be using a single credit enquiry for a single application, but for "more value" (150k points per credit enquiry vs 120k points) for the same rate ($1/1000pts). Not sure if it works the same way for business cards in terms of enquiries though?

      Cons?

      • More restrictive I guess - i.e. only if you have an ABN.
      • Bonus point categories are probably not as attractive for most people

      Seems like more cons than benefits but still a good deal, overall, I think.

      • Hellman109 on 14/03/2016 - 20:47

        Also ongoing you still pay $1200/1500 next year but with no bonus points.

  • illumination on 14/03/2016 - 19:28
    +3

    Sweet… 99 supplementary card holders for free!
    Who wants a supplementary card??

  • illumination on 14/03/2016 - 19:36
    +1

    I think it's pretty misleading to say "almost free" tickets for the points values you've quoted, unless they are the points cost which include offsetting the tax as well?

    Unless you can use points to offset the taxes payable, then it is never free because all redemption tickets charge for some sort of taxes. Even then, it is usually not particularly good value for your points to offset the tax cost with the points.

    It would be like advertising a $650 return on QF SYD-SIN as $400 because the taxes are $250. But from a consumer point of view, you really don't care how much the taxes are. What you care about is the total fare, and in the context of a redemption ticket, you have to consider the tax costs + points.

    • JohnHowardsEyebrows on 14/03/2016 - 20:36

      You're right, but it's not always the case. Velocity don't charge much by way of taxes, but then Qantas, Singapore and Malaysian all charge heaps.

      • illumination on 14/03/2016 - 22:49

        Yea I guess in the case of Velocity you could say it's somewhat cheaper, but even then it's (correct me if I'm wrong) $100+ (international fares) which is still a fair amount of money to part with in addition to points.

  • [Deactivated] on 14/03/2016 - 20:51

    $1500 per year and still only 1 point per dollar. Seems to be the almighty cap on points earn.

  • Peck on 14/03/2016 - 21:08

    Their insurance looks pretty good. But promoting your referral link is quite unseemly. It would be a shame if we start to look like AFF (Aust Frequent Flyer) web site

    • JohnHowardsEyebrows on 14/03/2016 - 21:19

      I'm sure the mods will fix this soon. In the meantime, his link is just saving users time, as he's the only poster with a referral link for this card. :)

    • edisonAU on 14/03/2016 - 21:26

      Actually, I have already requested Mods to review my post at first instance. He (I think) said I did everything correctly.

  • bbourizk on 14/03/2016 - 21:46

    Thanks mate. Gonna apply for one for work.

  • coolsteps on 14/03/2016 - 23:21

    if you already have a personal amex card and apply for business one in a company name would you still qualify for the points?

    • MsP on 27/03/2016 - 18:59

      I would be interested in this as well

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