Big New 60K Point Sign-Up Bonus On The Amex Platinum Card

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The Platinum Card® from American Express is being relaunched today with several changes, and one of those is a big new sign-up bonus.

Earn a 60K point sign-up bonus!

The Amex Platinum Card is now offering a sign-up bonus of 60,000 Membership Rewards points after making $5,000 in purchases within the first three months.

Amex-Platinum-Card-60K

That bonus is 50% bigger than the previous bonus, which offered 40,000 points upon completing minimum spend. This is the new standard sign-up bonus, which is great to see.

The annual fee on the Amex Platinum Card has been raised from $450 t0 $550, though I think most readers will come out ahead with these changes.

The Amex Platinum Card’s awesome perks

Historically I have the Amex Platinum Card for the perks it offers, which more than justify the annual fee.

You get a $200 annual airline credit. That credit is based on a calendar year, meaning that in reality you can get two of these credits before the card’s second year annual fee is due, for a total of $400 worth of credits.

amex-reimbursement-1

This card gets you access to Amex Centurion Lounges, including in Dallas, Las Vegas, MiamiNew York, San Francisco, Seattle, etc. When accessing these lounges you can bring up to two guests.

Amex-Centurion-Lounge-Houston - 6

Then you also get access to Delta SkyClubs when flying Delta same day. Among US airlines I find that Delta has the best lounges, so this is a great perk for any Delta flyer.

Delta-SkyClub-San-Francisco - 8

Then you get a Priority Pass membership, with the ability to guest two people into Priority Pass lounges with you. This is the world’s largest network of independent airport lounges.

Plaza-Premium-Lounge-London-Heathrow - 14

You also receive Gold status with Hilton Honors and Starwood Preferred Guest, and by extension, Gold status with Marriott Rewards. That’s a ton of value to get just out of having a credit card.

marriott-astana-hotel-29

You also get a $100 Global Entry fee credit, which you can use for yourself or anyone who you designate, as long as you pay the fee with your card.

Global-Entry

Huge return on airfare spend

I used to just have the Amex Platinum Card for the perks it offers, but now there’s a bonus category that has been earning me a lot of points. When you use this card to pay for airfare directly with an airline, you’ll receive 5x points. As someone who spends quite a bit on airfare, this has hugely increased my points earning potential. I love this bonus category.

The $100 annual fee increase is more than offset…

The Amex Platinum Card now offers $200 in Uber credits per calendar year. Those with the Platinum Card will receive $15 in Uber credits each month, and $35 in Uber credits in December. Each credit is only valid for the month in which it’s issued and for rides in the U.S. There’s no need to actually pay for any Uber ride with the Platinum Card, but rather you’ll just have to link your accounts and then the code will automatically be added to your account.

Uber-Amex-Platinum

While the card’s annual fee increased by $100, I think anyone who uses ridesharing services in the US with any regularity will get value out of this. I used my first $15 credit last night, and given how easy it is to use, I easily value this at more than $100 annually.

Bottom line

It’s awesome to see a big new 60,000 point sign-up bonus on the Amex Platinum Card. This is a killer card that I’m finding more value in than ever before. Earning 5x points on airfare is awesome, in addition to all the other perks offered by the card.

If you’re put off by the $550 annual fee, keep in mind that you can get $400 worth of airline credits before the second year’s annual fee is due, plus $200 in Uber credits. At face value, that’s more than the annual fee.

On top of that you’ll get lots of awesome perks. If you don’t yet have the Amex Platinum Card, this 60,000 point sign-up bonus is a great reason to consider applying, in my opinion.

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Comments

  1. Does the new American Express Platinum count as a “new product”? (Am I eligible for the bonus points if i’ve had the American Express Platinum card in the past?) 🙂

  2. @ EJB — Same language as before. The welcome bonus isn’t available to those who have or have had this card.

  3. I need 100k to get my attention. The targeted offers are out there plus they usually do not have the lifetime language.

  4. Huh Ben? This is a big decrease. The entire month it was 75,000 points after 5k spend in 3 months with a $450 annual fee. Now it has gone down 10,000 to 60k and the fee went up $100 to $550. Confused.

  5. Lucky, can you clarify if these perks also apply to the other versions of Amex Platinum, such as the Schwab, Benz, Morgan Stanley, etc? Thanks.

  6. I recently applied and got the card, under the old (40,000) offer. Because I’m still in my first statement period, I haven’t yet received the MR signup bonus points. Has anyone had any luck in situations like these getting them to go with the increased offer?

  7. Hi Lucky,

    Can I apply for the Platinum charge card & gold premier rewards card at the same time (same day)?
    So I can get 60,000 + 50,000 = 110,000 points

    Thanks.

  8. @ Alex — You could, though there’s a chance the second application will be delayed by a few days. That shouldn’t be an issue, ultimately, as the second card should eventually be approved.

  9. Unless you spend a ton on airfare, use Uber all the time, and can manage to find a seat in a Centurion Lounge this card is really losing luster. 60k points is not enough to justify picking it up.

  10. Agreed, Robert. Would either take a 100k sign-up bonus or annual uber credit (see CSR’s $300 travel credit) to be interested in this. The way they dole out the Uber credit in monthly increments that expire if not used up in 30 days comes off as downright stingy for a $550/year card.

  11. Glad I have the biz version of the card, and who knows how long that will be viable. At least that has 10 gogo passes and still has the old annual fee amount. Now to get 5x airfare with it and the 50% refund on points redemptions on many flights makes it the no brainer card. But cutting family access to the AMEX lounges really hurts.

    I didn’t realize an AMEX lounge is opening in Hong Kong this year…

  12. No thanks. maybe with 100k offer I’d consider but the perks do not offset the $550 credit for 60k sign up bonus, IMHO

  13. Possibly a dumb question, but do flights booked on AmEx travel credit to the airline or airline partner’s programs if the fare class purchased qualifies for mileage accrual? For example, I just bought a cheap Jet Airways ticket for which will I’ll get 75% Delta base miles and 100% MQMs. If I’d bought the same ticket through AmEx travel, would I get those SkyMiles points AND the 5x Membership Rewards points?

  14. The above question was in reference to the biz version of the card, so apologies for drifting slightly off topic.

  15. Rick – yes you would. I have done that on the regular Platinum.
    I am not sure if for the business card you have to book through Amex to get their 5x bonus (you don’t on the regular platinum) (I read the ToC several time and to me it is not clear). Even if you do you should get both the airline and Amex points.

  16. I picked this card up last year with the 100K offer.

    I was able to immediately use the airfare credit on AA gift cards and got reimbursed. However, at the beginning of this year, I tried again and it did not work. So I’m assuming I still have $200 airfare credits, anyone know a way to max this benefit out? I only travel with a backpack.

    I did get a proactive Junior Suite upgrade at the Juniper Curio Hilton in San Jose for being a gold member, so that’s a nice benefit.

  17. I am presently a Gold Card member. If I upgrade to Platinum now, spend $5000 in the first 3 months of membership, and been credited my 60,000 miles, for how long do I have to remain as Platinum card holder. Could I revert to Gold Card member after 2 years for example ? BTW I am also Flying Blue Gold with Air France.

  18. I know that you get the bonus offer after spending $5k — but, in addition to the bonus points, do you also get the points you would ‘normally’ get for spending that $5k on top of that? I got to my minimum spend limit by buying airline tickets..and I hope those qualify for the 5x points offer…

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