American Express adds $300 in ChatGPT credits on Business Platinum and Business Gold cards

American Express added new credits for ChatGPT Business to both The Business Platinum Card® from American Express and the American Express® Business Gold Card. Interestingly, those credits are well set up to be able to get at least six months of ChatGPT Business’s paid subscription model rebated. If you and a friend or partner both have a qualifying card, you could trade off which card you use to pay every six months in order to keep the business version of ChatGPT for $0 (or close to it) after statement credits. Keep in mind that enrollment is required.

The Deal

• American Express has added a $300 ChatGPT Business credit to both the Business Platinum and Business Gold Cards. Enrollment is required to take advantage of the benefit. Enrolled users will get up to $300 back per calendar year on U.S. purchases of ChatGPT Business subscriptions.

Offer Terms

• Benefit enrollment required. Only the Basic Card Member or Authorized Account Manager(s) on a Business Platinum Card® or Business Gold Card Account can enroll the Card Account in the benefit. Eligible purchases must be charged to the enrolled Card Account for the benefit to apply. Purchases by both the enrolled Basic Card Member and Employee Card Members on the enrolled Card Account are eligible for statement credits. Each Card Account is eligible for up to $300 in statement credits per calendar year. Valid only on purchases of ChatGPT Business made directly with OpenAI in the U.S. and U.S. territories where OpenAI is the merchant of record for the purchase. If ChatGPT Business is renamed, rebranded, or otherwise designated differently by OpenAI at any time, any such change will not affect eligibility for this benefit. ChatGPT Business purchases are subject to auto-renewal. If you purchase an annual subscription, OpenAI will charge you the then-applicable subscription fee and any applicable taxes each year on your annual subscription renewal date until cancelled. If you purchase a monthly subscription, OpenAI will charge you the then-applicable subscription fee and any applicable taxes each month on your monthly subscription renewal date until cancelled. For more information about OpenAI’s cancellation requirements and deadlines, please visit the OpenAI Help Center. Please allow up to 8 weeks after an eligible purchase is charged to the Card Account for statement credit(s) to be posted to the Account.

Quick Thoughts

When I first saw news about American Express adding this benefit, I wondered what benefit might be offered by the paid version of ChatGPT. Wanting to get an unbiased response to that, I asked Google Gemini.

For context, ChatGPT Plus is the consumer paid version, which costs $20 per month (note that I do not believe this benefit will cover the consumer version of ChatGPT, I’m simply outlining the details here for context). Business ChatGPT requires paying for two users and can be paid monthly for $25 a month per user or annually for what works out to $20 a month per user.

According to Google Gemini, ChatGPT Plus (again, not covered by this credit to my knowledge) adds:

• Access to advanced models that are supposedly more accurate, better at complex reasoning, nuance, and following multi-step instructions.
• There are higher usage caps and priority access during peak times so that the service won’t slow down.
• Chat GPT Plus also adds some advanced features for data analysis and creating custom AI bots for certain tasks. Google Gemini tells me that you can create your own travel point strategist custom GPT-AI bot. No word on the accuracy of said bot.

ChatGPT Business (which qualifies for this new benefit) adds:

• Enhanced security and data privacy: the business version of ChatGPT does not allow training on your data. In other words, OpenAI does not train its models on your data, so there should be no risk of your data leaking into the public versions of ChatGPT. For instance, if you’re using ChatGPT Business to create some sort of custom code and you’re using the public version, there’s always the chance that the information you’re providing will inadvertently end up in the public version of ChatGPT. Whereas the business version supposedly eliminates that risk.
• Higher usage limits with higher speed performance without throttling.
• A longer context window that allows it to remember longer strings of information
• Some collaborative and administrative features that would be useful in a business environment

Whether this benefit is valuable to you really comes down to your use case for AI. If you’re just looking for a chatbot, it might not be of high interest. On the other hand, I know that AI can really enhance productivity in some situations, provided you understand and account for its limitations.

A nice thing here is that the credit could cover a subscription entirely for at least half a year.

If you subscribe to the Business version of ChatGPT, which has a minimum of two users, and you choose to be billed monthly, your $300 credit will cover exactly six months of Business ChatGPT for two users. If you have two qualifying cards or you buy Business ChatGPT in conjunction with someone else who has a qualifying card, you could rotate out which card you use to pay for the subscription and maintain what is effectively a free subscription to ChatGPT Business. According to Doctor of Credit, some readers get hit with sales tax, but it varies by state.

The nice thing here is that this is a $300 per calendar year benefit that can be used as you see fit, rather than being a specific monthly amount. If you have a larger team, you could cover just a couple of months to test this out. Or if you wait until July to subscribe, you could get 12 continuous months of the subscription by triggering $300 in statement credits between July and December and another $300 in the new calendar year. That could be plenty of time to test this out and decide if it’s a useful tool for your use case.

Since we have multiple qualifying cards in my household, I’m probably going to give this a shot and see if I can find ways to make use of it. I think this has the potential to be more broadly useful than the previous Dell credits were in the past, so I’m glad to see this type of credit added to the card, even if it won’t be a fit for everyone.

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