Update: The Enhanced Business Platinum® Card from American Express OPEN has exciting new benefits, and a great new limited time offer. Learn more about the current offer here.
UPDATE: This offer is expired. You can find the best current offers here.
Today only, American Express is offering a 50,000 point sign-up bonus on the American Express Business Platinum card after spending $10,000 on the card within three months. The current standard offer (on which I do earn a referral bonus, in the interest of full disclosure) is 25,000 points after spending $5,000 on the card within three months, so it’s half the spend and half the bonus. Obviously the 50,000 point offer is a much better deal if you’re a big spender and able to reach the threshold, as the other one is just the standard offer.
The card comes with a $450 annual fee which isn’t waived the first year, though does offer quite a few benefits to offset that. For example, you get a $200 per year airline fee credit, though it’s really a $400 credit since you’d get it for both this year and next year before your annual fee comes due again. And anecdotal evidence suggests that fee credit can be used towards the purchase of airline gift cards as long as you purchase them in small increments. Furthermore, you get access to American, Delta, US Airways, and Priority Pass lounges for as long as you have the card. So essentially a $50 annual fee for lounge access and a nice sign-up bonus is a fantastic deal, assuming you can reach the minimum spend.