Business Platinum: New Perks, New Price


Update 1/13/22: The annual fee increase has now taken effect. The fee is now $695.

Starting today, October 14th, the Business Platinum Card from American Express includes new valuable (and some less-valuable) new perks.  These perks are available immediately to current cardholders and to those who sign up new.  A new $695 annual fee (up from $595) will kick in on January 13th 2022.  While reactions will vary depending upon how people value the new perks, I’m happy with the changes.  While the annual fee is now $100 more than in 2021, I value the extra $200 in Dell credits and $120 in wireless credits collectively much more than $100.

New Fee

A new $695 annual fee (up from $595) has kicked in on January 13th 2022.  Cardholders who have the card before then won’t be charged the new fee until their account renews on or after January 13, 2022.

New Perks

Dell Credits: Up to $400 Per Year

Get up to $400 in statement credits per year toward U.S. purchases with Dell Technologies on your Business Platinum Card when enrolled.  Credits are awarded semi-annually, as follows:

  • Get up to $200 in statement credits for purchases made between January 1 and June 30 each year.
  • Get up to $200 in statement credits for purchases made between July 1 and December 31 each year.

The previous perk was for $200 in Dell credits annually ($100 January through June, and $100 July through December).

I’m pretty happy about the expanded Dell credits.  Dell sells much more than just computers.  I’ve used Dell credits in the past to buy wireless earbuds, microphones, software, XBox gift cards (which now work to purchase anything from the Microsoft store), webcams, and more.  Sometimes I buy things that I need myself and other times I use the credits to buy presents for others.  While I don’t value this perk at the full $400 face value, it’s still a great enhancement.

Wireless Credit: Up to $120 Per Year

Enroll and get up to $120 in statement credits per year for wireless telephone service purchases made directly with a wireless provider in the U.S. on the Business Platinum Card.

  • Get up to $10 back per calendar month when you use your card to pay for wireless telephone service.

One great thing about this credit is that the Business Platinum card is one of the Amex cards that offers cell phone protection when you use the card to pay your wireless bill.  Details here.

Personally, I value this perk at close to full face value.  Thanks to offering cell phone protection, I’m happy to auto-pay my AT&T cell phone bill with my Business Platinum card.  People with Verizon service may be less enthused, though, since Verizon offers a discount for those who pay with a debit card or via direct bank withdrawal.  For those with Google Fi, the situation is more complicated.  In the past, sometimes Amex has recognized the charges as wireless service payments and other times not.  Worst case, you’ll want to watch your account and message Amex to request the credit each month if it doesn’t automatically get applied.

Indeed: Up to $360 Per Year

Enroll and get up to $360 in statement credits per year for purchases with Indeed on the Business Platinum Card.

  • Up to $90 per quarter.

For those who need a service like Indeed to help hire new employees, this could be a useful perk.  For me, I don’t value this perk at all.

Adobe Creative Solutions: Up to $150 Per Year

Enroll and get up to $150 in statement credits per year.

  • Creative Cloud for teams (annual prepaid plan only)
  • Acrobat Pro DC with e-sign (annual prepaid plan only)

This is another one that will have value only to those who need these specific solutions.  For everyone else, like me, this perk is worthless.

1.5x Point Earnings

The Business Platinum card already offered 1.5 points per dollar for eligible purchases of $5,000 or more.  Now, they’ve additionally added 1.5x on the following purchases (even when the purchases are less than $5,000) on up to $2million in these purchases per year:

  • US Construction material and hardware suppliers
  • US Electronic goods retailers and software & cloud system providers
  • US Shipping providers

Amex has more information about spending categories here:

Since the fee-free Blue Business Plus card offers 2x on all spend, up to $50,000 per year (then 1x), it’s hard to get excited about the ability to earn 1.5x on select categories of spend.  This is a nice enhancement for businesses with very large amounts of spend for hardware (purchases from places like Lowe’s and Home Depot should count), electronics, software & cloud services, and shipping.  For everyone else, like me, its not too exciting.

My Take

If you thought the Business Platinum was worth its annual fee before, then I expect you’ll be happy with the changes.  The annual fee will go up by $100 per year, but the $120 in wireless credits plus $200 in extra Dell credits should be worth considerably more than $100 to most people.

As to whether the card is worth the annual fee overall, that depends upon how much you value perks like airline lounge access, elite status, 35% rebate when using points to purchase select airfare, and more.  But even if you don’t value those things, you could come out ahead if you take advantage of annual credits such as:

Those credits alone could be worth more than the annual fee.  Personally, I value these credits approximately as follows:

  • $200 Airline Fee Incidental Credits: $180 (90% of face value)
  • $400 Dell Credits: $300 (75% of face value)
  • $120 Wireless Credits ($110)
  • $175 CLEAR credit ($0: I get CLEAR free with my Delta Diamond status)

Total rebate value, for me: $590.  That’s $105 less than the annual fee that kicks in next year, so at that time I’ll have to evaluate how much I value other perks that come with the card.  If I value the rebates and perks at less than the annual fee then I’ll cancel my account.

How about you?  Are you excited by the new perks or ready to cancel when the new annual fee kicks in?  Comment below.

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I opened a Business Platinum in December 2021. My 2nd annual fee just posted to my account and it’s still $595. I had assumed that the fee would be $695. Now I have to re-think whether to keep it open another year since the value calculation is $100 better now, especially if I get a retention offer.

Dave Hanson

Just came here to post the same thing. I have several cards, including one that posted a renewal fee yesterday, all coming in at $595.

[…] There are new perks for AmEx Platinum Business members. Most are totally useless for the majority of users, but some are reasonably good, by Frequent Miler. […]


How risky do you think it is to apply through DoC’s no lifetime language links, specifically the “expand your membership” 150k link? I had the targeted link in my amex offers for my existing biz plat (exp 9/30) but they disappeared. My wife did this and received the 150k and hasn’t been shut down (yet). The 150k NLL offers are showing the new perks as well.


The $10 wireless credit with cell phone insurance is a good deal (right now I’m forgoing any insurance by using the $10 credit on my Delta card and paying the remainder with my Ink- but the $10 Delta card credit probably expires end of year).

For simplicity I’d probably move my cell phone bill to the Amex Biz Plat and settle for a combo of the $10 credit and insurance. Only issue – Greg – do you know if I’d have any problem (if ever had to make a claim) with the fact it is a personal phone line rather than one registered to my business? Just curious – similar to the way I’ve been advised not to use my Ink car insurance to cover personal car rentals.


Thanks Greg!

Pamela Scala

Does anyone trust AMEX enough to jump on a biz Platinum offer? Not I.


Hard Pass


How risky do you think it is to apply through DoC’s no lifetime language links, specifically the “expand your membership” 150k link? I had the targeted link in my amex offers for my existing biz plat (exp 9/30) but they disappeared. My wife did this and received the 150k and hasn’t been shut down (yet). The 150k NLL offers are showing the new perks as well.


Ok, thanks Greg!


On the Amex website it says that the 1.5 points us only for swipes of $5,000 or more and only in the eligible categories. In the terms it says that the eligible categories plus all purchases of $5,000 or more will get the 1.5. So I’m very confused on what’s the difference between the eligible categories and all other purchases. I see you write that the eligible categories are even for swipes less then $5,000. That’s not what it says on the website and it’s not the way I understand the terms either. I believe that this is what they meant to say. But do your have a confirmation from Amex about this? Thanks so much


The site seems clear to me, with the key phrase being “as well as”. Meaning it is the things previously listed and separately the following items.

Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, up to $2 million of these purchases per calendar year.

Ronald Crawford

Thanks for the info Greg! I nearly fell out of my chair when this blog crossed my inbox and I couldn’t believe it. I quickly logged into Amex and lo and behold, the updates are there in the membership listing!

Love your podcast show by the way. You guys rock! 🙂

Larry K

Cannot be emphasized enough: YOU HAVE TO ENROLL IN MANY OF THESE CREDITS like the Dell and wireless.


I’ve already redeemed $200 with Dell ($100 each before and after July 1). I should be able to get another $100 for rest of this year?

Larry K

Same, though a little more complicated. I spent $150 at Dell last month. I got $100 credit and another $15 credit because I have a ten percent off Dell Amex offer on the card. I wonder what happens if I make another $100 purchase before 1/1/22. Amex computer tech has let me down a little lately so who the heck knows.

Just a Note

Already spent the $100 for this half of the year on my cards, and like others, I see the benefit now, so placed an order this morning, we’ll have to see if I get credited. If not, I’ll just return it. Pain returning to Dell, but it’s easy enough to do.


Just a Note, could you please report back with what you find out?

Just a Note

Just received an email saying that the item has shipped, so hopefully I should know soon – depending on how long/if Amex provides a credit!

Just a Note

Still haven’t received the item (maybe today), but since I have been billed, I do have an update. I bought something for about $235, and had some rewards.

I split the payment three ways – rewards, $130+ on one Business Platinum, which had the 10% back on Dell (already used once already) and $100 on another Business Platinum. Both cards had already used $100 for the second quarter of 2021.

The purchase was made 5 days ago. Two days ago, I received the Amex offer, for roughly $13 back (all numbers are rounded, so it’s not exact – point being that it went through again). And today I received an additional $100 on each of the cards for a Dell credit.

TLDR; Looks like it works, even on existing cards, and even on cards that have already used the credit. Now if I can get digital and wireless credits to work right. Or figure out how to make use of all these Clear credits…


Just A Note, appreciate the follow up. I bought a monitor for $150 but the ship date got pushed back so turned out I hadn’t been charged yet so obviously had not received credit either. There’s a $50 Bluetooth speaker I’m eyeing so I’ll buy that and then I should get the full $200.