AmEx Platinum Business Card: 400,000 MR Points by Referral ($12,000 Spend in 3 Months, Annual Fee $1750), Platinum Perks

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maverick1 on 28/07/2022 - 11:15 americanexpress.com (307 clicks)
Last edited 08/09/2022 - 10:22 by 1 other user

AMEX are now offering an increased signup bonus of 400,000 Membership Rewards Points= 200k QFF or 200k Krisflyer miles but with full annual fee of A$1750. The offer seems to be available via referral only atm as the Amex website is still showing the old deal (300k signup bonus) which expired yesterday (27th Jul)

Details include:

• 400,000 bonus Membership Rewards points, when you spend a minimum of $12,000 on eligible purchases in the first 3 months of approval.
• You have the flexibility to transfer Membership Rewards points to 10 leading Airline Partner Programs including Qantas Frequent Flyer and Velocity Frequent Flyer, as well as 2 hotel programs. You can even use points to pay the balance on your Card, buy Gift Cards and much more. There’s no limit to the number of points you can earn, and they don’t expire
• 55 days cash flow and Dedicated account management.
• Unlimited access to more than 1,200 Airport Lounges across 130 countries and counting. The American Express Global Lounge Collection includes The Centurion® Lounge, International American Express Lounges and Priority Pass Lounges. You can also access Virgin Australia domestic lounges when flying Virgin Australia.
• Access to American Express Fine Hotels & Resorts perks & discounts.
• Gold-tier status at Marriott Bonvoy, Hilton Honors, and Radisson Hotel Group including Accor Plus Membership (Valued at $399 p/year).
• Complimentary Travel Insurance cover extended to Supplementary Platinum Card Members.
• Earn to 2.25 Membership Rewards points per $1 on all eligible purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent.
• Apple Pay, Google Pay & Samsung Pay support.
• Dell credit up to $125 twice a year
• The Australian premium subscription
• Platinum benefits with Hertz and Avis
• No fee for up to 99 Employee Cards

Conditions include

• be a Director or Controller of the business
• have an annual business revenue of $75,000 or more
• have a valid ABN registered for GST
• This offer excludes existing Card Members or previous Card Members who have held any American Express Card in the last 18 months

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  SS625 on 28/07/2022 - 11:20

  +2

  does 200k qantas worth $1750 ?

  • 

    maverick1 on 28/07/2022 - 11:27

    +2

    value is relative and is driven by how you choose to use/redeem your miles. At OZB they are usually valued at 1c/pt, so 200k Qantas = A$2000. But it will fetch much lower value if you use them to buy Gift cards instead of flight redemption or even outright sale (against the rules of your QFF membership)

  • 

    soupfluencer on 28/07/2022 - 11:27

    Depends how you spend it. You could book a business class flight to Heathrow from Melbourne which is worth $8k+

    • 

      lilkid28 on 28/07/2022 - 11:47

      Cost $8k+ but fair value is probably $5k

      • 

        nomoneynoproblems on 28/07/2022 - 12:09

        Still less than the annual fee though.

    • 

      CheapBrah on 28/07/2022 - 12:01

      Almost impossible to get business reward flight to Heathrow unless you have high status and book a year in advance (and even then it's hard).

      • 

        191919 on 28/07/2022 - 12:08

        which eu/uk city would be better to try for?

        • 

          nightelves on 28/07/2022 - 15:33

          +1

          @191919: France and Florence

          • 

            191919 on 28/07/2022 - 16:25

            @nightelves: thanks :)

        • 

          CheapBrah on 28/07/2022 - 16:05

          +1

          @191919: They're all difficult but seems places like Belgium and Germany are a bit easier when I've looked.

          • 

            191919 on 28/07/2022 - 16:25

            @CheapBrah: thanks!

  • 

    T-man on 28/07/2022 - 11:43

    Unless you can find any reward flights available.

  • 

    Autonomic on 28/07/2022 - 11:44

    +1

    You can cash in 20,000 MR points for a $100 statement credit. So you get $2000 of value regardless.

  • 

    CheapBrah on 28/07/2022 - 12:02

    You could sell them for 1c/pt, but it's against the terms and conditions and you could have your account banned and points taken. You could get more value by booking business reward flights, but they're hard to get if you don't have status and even then require booking close to a year in advance. Best value that's easily attainable is hotel bookings where it's around 0.8c/pt, so I'd value them at that conservatively (and hence not worth the annual fee).

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  Salimjahar on 28/07/2022 - 11:50

  Oops, that annual fee turned me off….

  • 

    maverick1 on 28/07/2022 - 12:00

    +3

    You can charge the annual fee as business expense. Do check with your accountant though!

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  sunnyii on 28/07/2022 - 12:15

  I think the introductory offer is only for customers that don’t have an existing Amex card. Check before you join.

  Or not a member of Amex for 18 months.