Sign up now for the Platinum 100K + 10X offer (here’s why)


In this post, I’ll make the case that nearly everyone should sign up for the Platinum Card from American Express.  Now.  For many frequent flyers, the Platinum card is great thanks to its many travel perks.  But with the current offer, I think that this card makes sense to get (for a year) even if you don’t travel at allNote: This post has been updated from the original and now includes the fact that the 100K + 10X offer is available with an additional $200 rebate as a kicker…

I don’t receive any compensation from these sign-ups.  It’s simply an amazing deal that many have overlooked due to the $550 price tag.  If you can float the $550 for a while, you should not overlook this opportunity…


As I write this, the incredible 100K + 10X offer for the Platinum Card from American Express is not only still available, but it now includes an additional $200 rebate for Home Furnishing purchases!  Via select referrals, the offer is available to anyone who wants it.  There’s no need to wait to be targeted or to use private browser windows.  You’ll find the 100K + 10X offer link here: The Platinum Card from American Express.

Here are the basic details of what you need to know:

  • Offer link can be found here: The Platinum Card from American Express.
  • $550 annual fee is not waived.
  • Earn 100,000 Membership Rewards points after $5,000 spend in 6 months
  • Earn 10 points per dollar on eligible purchases at US gas stations and US supermarkets on up to $15K in purchases in the first 6 months.
  • Earn Up to $200 back on purchases at select U.S. home furnishing stores within the first 3 months of card membership.  Eligible U.S. home furnishings stores include: Lowe’s, The Home Depot, Bed Bath & Beyond, Anthropologie – Home & Furniture, CB2, Crate and Barrel, Crate and Kids, Terrain, and The Container Store
  • If you were to spend $15,000 in the first 6 months at grocery stores and gas stations, you would end up with 250,000 points: 100,000 welcome bonus points + 150,000 from $15K of 10X spend.
  • The Platinum card is a “pay over time card” which Amex used to call a charge card.  This means that it is NOT subject to Amex’s 4 or 5 credit card limit.  Instead it is subject to Amex’s 10 charge card limit.

140K Easy Points

Imagine that you spend only $150 per week at grocery stores and gas stations combined.  If you use your new Platinum card for that spend, then you’ll spend at least $600 per month or $3,600 in 6 months in the 10X categories.  Assuming you spend enough in other categories to earn the 100K bonus (which requires $5K spend in 6 months), you’ll end up with over 136,000 points.  Those who spend more at grocery stores and gas stations can max out the welcome bonus with a total of 250,000 points after $15K spend at grocery stores & gas stations.

For those who don’t spend a lot for groceries and gas stations, it’s important to understand that ~140,000 points is still a fantastic haul.  The fact that you won’t be able max out the 10X earnings shouldn’t dissuade you!  For years, it was news when people were targeted for a simple 100K offer for this card (without 10X earnings).  Now, everyone can get in on it, and the 10X earnings are a fantastic icing on that cake.

Based on our Reasonable Redemption Values, 140,000 points are worth at least $2,170 toward award flights (after transferring points to valuable airline partners).  Alternatively, it’s possible to cash out those points for $1,750 dollar (more on this later in the post).

Potential 55K Additional Easy Points

Once your card is open, you should log in and check your refer-a-friend offers.  If you’re very lucky, you’ll find an offer like above.  The offer you’re hoping for states that you can earn 30,000 points and your friend can earn 100,000 points.

When I first signed up for my card, I didn’t see this refer-a-friend offer.  About a month later, though, this offer appeared.  So, keep checking!

If you are lucky enough to get this offer, it should be easy to find friends or family members willing to sign up with your link (share this post with them so they can see how lucrative it is!).  You can only earn 55,000 points per card via referrals each year, so you’ll max out your earnings with only 2 successful referrals.

What if you don’t have friends willing to sign up?  We’re here to helpJoin our Frequent Miler Insiders Facebook Group, and then add your 100K Platinum referral to the bottom of this Facebook post.  We have been regularly rotating the referral offer shown on our blog based on referral links found in that thread. In this way, those in our Facebook group who were lucky enough to have these referrals have been able to easily max out their 55K in earnings.

Now: Up to $1,040 in Cash Rebates (Limited Time)

Besides the points earned, another great reason to sign up for the Platinum card is to get in on the many rebates available to cardholders.  If you get the card before the end of April and plan to cancel after 12 months to avoid the second year annual fee, you can rake in a lot of money back!  Here’s a summary…

  • $200 on purchases at select U.S. home furnishing stores: Within the first 3 months of card membership, you’ll get up to $200 rebated for spend at Lowe’s, The Home Depot, Bed Bath & Beyond, Anthropologie – Home & Furniture, CB2, Crate and Barrel, Crate and Kids, Terrain, or The Container Store.
  • $180 $90 in Paypal rebates: Through June 2021, American Express is offering an automatic $30 per month rebate for all spend that goes through Paypal.  For those who get the card in April, this amounts to an easy $90 in rebates!
  • $200 in Uber / Uber Eats credits: The consumer Platinum card offers $15 per month Uber credit ($35 in December).  This credit can be used for Uber or Uber Eats food delivery.  You also get 12 months of free Uber Eats Pass for free delivery and other perks.
  • $400 in airline fee rebates:  Amex gives Platinum cardholders $200 per calendar year in airline incidental fee rebates.  Even if you don’t fly this year, there are ways to earn the credits.  See: Amex Airline Fee Reimbursements. What still works?  Earn $200 this year and another $200 early next year.
  • $150 in Saks rebates:  Amex gives consumer Platinum cardholders $50 in Saks Fifth Avenue rebates January through June each year and again July through December.  It’s possible to earn $50 three times between now and early next year.
  • Amex Offers: Many other rebates are available through Amex Offers that can be loaded to your account.  I expect we’ll see a number of fantastic offers this year, so keep your eye out for these (we’ll post about them, of course!)

Use Points for Flight Awards

ANA 777-300ER First Class The Suite. Image courtesy of ANA’s website.

The best way to use Membership Rewards points is to transfer to airline partners when you find valuable award flights.  Here are a few examples of how you could use your points towards incredible value:

  • Transfer to Virgin Atlantic in order to book round-trip ANA First Class between the US and Japan for 110,000 or 120,000 points.
  • Transfer to ANA for various purposes:
    • ANA charges as few as 115,000 miles for an around-the-world business class ticket!  See this post for details: Around the world in business class for 115K [Sweet spot spotlight]
    • ANA charges just 88K round trip for business class Star Alliance awards from the US to Europe.
    • ANA charges 75K round trip between North America and Japan for business class flights on ANA metal during low season, 85K RT during regular season, or 90K RT during high season.
    • ANA charges only 104K round trip for business class Star Alliance awards from the US to Africa, including South Africa.

See this post for many more ideas: Amex Membership Rewards sweet spots

Use Points for Hotel Awards

Conrad Bora Bora sunset villas

Point transfers to hotels tend to be far less lucrative than transfers to airline programs, but there are some opportunities for good value.  Amex usually offers 2 Hilton points for each Membership Rewards point, but they also frequently offer transfer bonuses such that you can transfer 1,000 Membership Rewards into 2,800 Hilton points.  When that bonus is available (which it is at the time of this writing), it’s possible to transfer 140,000 Membership Rewards points into 392,000 Hilton points.  Thanks to Hilton’s 5th Night Free awards, 392K points would be enough points for 5 nights at almost any top-tier Hilton in the world when standard rooms are available.  Most Hilton hotels top out their standard award rates at 95,000 points per night and so a 5 night stay (with 5th Night Free) would cost 95K x 4 = 380,000 points.

A Lucrative Cash-Out Plan

A different American Express Platinum card, the Schwab Platinum Card, has a standard welcome offer: 60K points after $5K spend (found here).  In addition to offering the same perks and rebates as the vanilla consumer platinum card described earlier in this post, the Schwab Platinum card makes it possible to cash out points for 1.25 cents each via its “Invest with Rewards” feature.  And here’s the best part: the two Platinum cards are considered separate products, so you can have both.

You do need a Schwab brokerage account in order to qualify for the Schwab Platinum card.  If you don’t already have such an account, you can earn up to $500 by using a refer-a-friend link and depositing money to the account:

Here is my referral link.  Unfortunately for me, Schwab doesn’t offer a bonus for the person referring others.

Timing your Schwab Platinum sign-up.  You could sign up now in order to get in on the $30 per month Paypal rebate that is available through June.  I think that a better play, though, is to wait and sign up when you are ready to cancel the generic Platinum card.  The Platinum cards truly have some very nice travel perks (such as airline lounge access) that might come in handy and so this is a way to keep those perks active for two full years without paying a second year annual fee.

Once you sign up for the card and complete the spend requirements, you’ll earn at least 63,000 points from the Schwab card.  When combined with the points from the 100K + 10X offer described earlier, you should have over 200,000 points in your account (Amex automatically combines all Membership Rewards points for you).  You could then cash out those points with the Schwab Platinum Invest With Rewards feature.  Each point is worth 1.25 cents this way.  In other words, you can then cash out your 200,000 points for $2,500.  See: How to convert Amex Membership Rewards to cash with the Schwab Platinum card.

Don’t Sign Up If…

While I think most people would do very well to sign up for the Platinum card right now (and maybe the Schwab Platinum later), not everyone should.  Don’t sign up if…

  1. You can’t float the $550 annual fee.
  2. You can’t meet the minimum spend requirement.
  3. You know you’re not disciplined enough to cancel the card next year (and you don’t want to pay the annual fee each year).
  4. You’ve signed up for the Platinum card recently (see: Bending Amex’s Lifetime Rule)


As shown above, the Amex Platinum 100K + 10X offer is a fantastic deal even if you have no plans to travel now or in the future.  Yes, you do have to put up $550 to get started, but it gives you the opportunity to rake in far more money and rewards.

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Amex is saying one of my (large) transactions doesn’t qualify as spend for the sign up bonus on the Platinum card. It was paid to a LTD company in the UK through PayPal. The PayPal receipt lists it as such, and lists the company’s website. The Amex rep said there is nothing they can do and that they must abide by how the transaction codes. Asked to speak to a supervisor, and she said she is a supervisor. Any thoughts on how I can dispute this? Thanks.

Ivan Y

Finally took the plunge and signed up. The referral link mentioned “Michael”, if I recall correctly. Thank you!

Vaibhav Shetge

Are “supermarkets” and “grocery store” equivalent? Would small ethnic grocery stores count towards 10X too? Not a large spend, but a monthly $200 would equate to 12K MR points..

Nick Reyes

Nobody knows how an individual store will code until you give it a shot. You can try Amex’s small business map to see how it is categorized, but nothing is as reliable as making a small test purchase on an Amex card to see if it codes as supermarkets.

Ivan Y

@ Greg — can you remind which issuers do a soft pull versus a hard pull if you already have a card with them? Would be nice if the hard pull didn’t happen or, at least, it happened upon approval.


Question to the experts: 125k card match offer without $200 home improvement credit or referral 100k with $200 home improvement credit? Is $200 worth the 25k in points? TIA


no way!

25k MR is worth at least ~$310 cash ( with Schwab)


I don’t understand how if I sign up later for the Schwab card that “this is a way to keep those [travel] perks active for two full years without paying a second year annual fee.” How so? Wouldn’t you have to pay the regular consumer card fee and then another fee again when you sign up for the Schwab card?


Greg – used your link and applied and got Approved for the Personal Platinum, thanks for the nudge! Have a question – not sure if you have ever encountered it before: Family of 4, I already had the Business Platinum; and now I have the Personal Platinum. When we show up at a Centurion Lounge – can I get it 2 guests on 1 card; and the 4th guest (spouse + 2 kids) on the 2nd Platinum Card. Or is Amex really going to charge me $50 for the “4th” person even in that scenario? Thanks!


Thanks Greg. So i dug a bit deeper and your instinct is correct – the fine print clearly states: 2 Guest Per Card Member, not per Card. So no go! Thanks again for the great article – the card just showed up today.


Time for P2 to get a Plat too 😉

Geoff Stuart

Do the Lowe’s and HD spends really have to be “home furnishings”? I spend a ton at Lowe’s but not on sofas etc. Mostly garden stuff.


One can furnish their home with an amazon gift card, right?

Geoff Stuart


You know, I’ve never been very active in mfg’d spend, but that’s a good point.


J Qk

I had and closed an Ameriprise Amex Platinum card several years ago. Does this count as a separate product like the Schwab Platinum, so I can apply for this current 100k + 10x offer?




I was reluctant to get this because right now another family member is in the middle of the same 135k grocery promotion. I thought that it wouldn’t be possible for us to maximize that, and also another $15k of grocery spending, so I planned to get the second plat card at another time. But then I realized that at another time there would be no grocery offer at all and no $200 Home Depot either, so how’s that better? I was approved, and if they’re quick, the March Uber and paypal credits aren’t out of the question.


Only 75K is showing for Platinum via referral. Anyone seeing 100K for Platinum via referral?


GM! I would like to thanks Greg and the team here for showing me how great some of the deals going on and to sign up or otherwise I wouldn’t normally considered it at all. I signed up based on your articles/advices ( Hyatt Globalist and now AMEX)
You said above ‘sign up in April and cancel in Feb 2022’. Why Feb and not April to cancel? Do I need to cancelled before the fee hit the statement next year is this the reason? Thx


Do not cancel before the fee hits, and especially before 12 months are up. Cancel after you get the statement with the fee (within 30 days).


If you applied in the 100k winter promo, you don’t get the $200 home improvement credit given to new members. And you don’t get the Best Buy and other credits given to old members. Why does Amex hate the middle child?


Thank you so much. I have both the vanilla/schwab plat. And was waiting for my wife to be prequal’d for 100K offer for her first plat. She has only one primary credit card (Chase Flex) and 4 authorized user cards with 740 score and was approved yesterday with your referral ($200 home impr credits even sweeter). Awesome!


Don’t sign up if…
You’re at 4/24 and you want to get chase biz cards.

Mike B

I currently have the AMEX Platinum Business card. Will that keep me from getting approved and obtaining the bonus on the AMEX Platinum Personal CC?


I’ve been trying to apply for this offer since Nov 2020 and keep getting the pop-up message “base on your history with credit card balances…you are not eligble to receive the welcome offer” every 3 weeks or so when I attempt to reapply. I searched the web that this message is generally due to lack of regular spend (true on my part) so I’ve been trying to put a spend on it regularly since Nov. I currently have Amex Everyday and Amex Blue Business – I focus the regular spend more on the Everyday since this is a Platinum Personal card. I’ve never held the Platinum personal before. At this point, how many more months should I keep going with this to reach a successful application? Do I need to focus on the Blue Business card as well in terms of regular spend? I would appreciate any insight anyone can offer in terms of their experience or knowledge with this. Thanks so much!


Any idea when the 10x offer expires?


I thought you might also make the case that, supposedly, on July 1st the fee might increase (maybe) and even more benefits would be added (maybe), and people who already have the card would get in on those new things (maybe).


you say the Schwab Platinum card allows “60K points after $3K spend.” But, the required spend is 5k.  


I’m afraid I’ll get declined since I don’t have any AMEX cards. Credit is 724 – 798 but I got 2 citi cards late last year and the Apple card in Jan. How accurate are the AMEX pre qualified offers? I don’t show any.


They denied me in Dec for the Marriott biz card and I got a hard pull :(. They pulled from Experian and that’s my bureau with the most inquiries- 7. But none since early Jan. I only report 45k income so I wonder if that’s too low for them. Experian credit score 761. Is the No AF Hilton Card or Surpass easier to get approved for than the platinum? I really want one of those. Now that I’ve don’t more research , Hilton’s Rewards seem much better than Marriotts.


Thank you! I appreciate the advice 🙂

E. Alabi

My wife applied and was denied for too many new bank cards. Does AMEX have a rule on how many cards they allow?


Do you know when the $200 home furnishing rebate end?


nvm I saw it haha 5/5


Any DP’s on reinstating Schwab after a shutdown say in 2016?


Hi Greg, thanks for keeping this offer top of mind on the interwebs – it really is quite amazing! My wife signed up for the 100K+15K-10x Platinum card mid-November. I added a Gold additional card for myself and have been using it for Gas and Groceries but for the life of me can’t seem to decipher whether or not they are giving the additional 9x bonus on my purchases, though I see my wife’s purchases getting the bonuses. Note these are the exact same merchants and locations and should be coding identically. Note that since we’ve paid a couple of bill cycles, the bonus points are appearing after two or three days.

I’m about to engage AMEX (always fun…), but before I do, are there any DPs that indicate the additional cards have been receiving the bonuses along with the primary card (in my case, Gold additional card)?

Thanks for the great content and podcast!

PS: I briefly met you (and, I believe, Nick, who I seem to recall showing up a bit late!) during breakfast at FTU 2017 at that Seattle Sheraton Four Points when I sat down at your table in an uncharacteristically extroverted fashion.

Joel T. Bell

Question on the PayPal rebate – does it work if I use PayPal to pay for services such as paying the babysitter or house cleaner? Even if it still incurs the 2.9% fee you’d still net about $29 value each month.


I’m sure someone will correct me if I am wrong, but my understanding that it will work for places with a merchant account, like websites that have a “Pay with PayPal” button when you check out, but not for person-person payments, where you just plug in their email address.


This is a great article.

Quick question: can you refer your spouse? And if I have a platinum card, does it make sense for a spouse to have it? My guess is yes because even with the benefits only being used on one card, the signup bonus alone makes it valuable?

Last edited 1 year ago by Ryan
Jan W

Greg, once a referral is sent, how much time does that person have to apply (with me still getting a referral bonus)? I got my Plat on 12/5 and am trying to figure out when I should send a referral to DH. Would love to stretch out th 10x grocery/gas, but don’t want to miss this deal. Thanks!


Email the referral link to your spouse/P2. Many times there will be an expiration date. May be apply by or account approved by. Periodically refresh the emailed referral links and see if the date changes. Keep the old ones to compare ALL of the offer details. Not 100% sure if this works for AMEX, but does for many referral offers.


This article convinced me. And I signed up.


Thanks for this Greg. With reference to the monthly $30 Paypal credit, I can’t find this anywhere on the AMEX website. Can you please clarify or provide a link? Thanks again!


It’s automatic. For some reason it’s not showing up on the Amex site. But from another article on Frequent Miler, you don’t need to sign up for it like you do for other Amex offers. (I got an email about the paypal credit today).


Thanks Ryan!


My account shows only a $100 cash referral (not even MRs) for referring a friend to any of four MR cards (gold, Plum, Plat, or green – shown as a bundle), and no specifics on what the friend receives, just that they will “Explore Cards.” I have the Schwab Plat.


This offer might pull me into AMEX for the first time. When I cancel in a year what no annual fee card should I also be holding to ensure I get my earned MR?


Or a better question is, what card should I PC down to.


You’ll want to PC to the AMEX EveryDay card to keep your points alive. If you have a business, get the BBP card when AMEX increases the bonus.


I may be wrong about this, but I think you have to apply for a card. Amex will not “downgrade” you from Platinum to the Everyday. So you’d have to apply first. At least this is what I was told. I was then offered a bunch of bonus points to stay a Plat member that made it worthwhile.


If you buy gift cards at a grocery store, does that count?


According to Amex’s terms, gift cards and other monetary instruments do not qualify for earning the bonus and don’t earn points. There is some history of Amex denying bonuses and taking back points (even months after they were issued) when they detect this behavior.

In practice it depends on whether they’re able to “see” that you purchased gift cards. It’s widely believed that Amex has the ability to obtain “level 3” data for credit card transactions from some, but not all, supermarket chains. That data shows a breakdown of what items were purchased. No one really seems to know whether they always get that information or whether they only request it when they detect patterns of usage that suggest gift card purchases (unusually high grocery store purchases or transaction amounts that indicate that gift cards and nothing but gift cards were purchased).

That said, it’s generally believed that light purchase of gift cards combined with grocery spend is probably going to get through the filters. Since I buy many of my groceries at Costco, where I can’t use an Amex card, I buy the occasional gift card at an Acme market and use it at Costco. All my charges so far have earned bonus points.

Mary Graves

Thanks for posting Greg! I took advantage of this in November and have been enjoying my credits! Question about 10X grocery – does anyone have data points to see if it applies to online groceries – like Thrive Market, Kroger Ship, or Rastelli’s butcher? Thanks much!


I can tell you that Thrive does code as grocery. Therefore, I assume it will be eligible for the 10x. I don’t know about the others.


I applied on 12/29 and wasn’t instantly approved. The application has been pending since then with no update. I had called the reconsideration line, but was told to wait. Any suggestions?


Calling Amex did not help either. But it was finally approved today – a full 23 days later. They had initially said it can take up to 3 weeks.


Say my wife has her own Plat Schwab card and I have my own too (not as AU)… could we transfer our MR points at 1.25X to the same Schwab brokerage account?

Ed Dee

Somewhat related question: can player 1 transfer MR points to player 2 in the same household?


I know you can now “cross-refer” between other Amex cards. If I have a 30k referral offer for the Gold card (don’t hold the personal Plat and not currently eligible), will I get the same number of points if I refer the Gold and have the referred person choose the Plat?


I checked this morning, since my Platinum is only offering 5K referral and my Gold is offering 30K. But, unfortunately, the link produced by my Gold only offers a 75K bonus on the Platinum card, not the 100K.


Does this offer have ” once per life time”


What about those of us who have had a personal platinum in the past but canceled? Will this offer work?




That’s definitely a case of YMMV (your mileage may vary).

In theory, if you’ve ever had the base Amex platinum card you’re not eligible for the sign-up bonus. But it’s generable believe that “ever” in that sentence means “within the last 7 years”. That is, it’s widely believed that Amex “forgets” you’ve had a particular card after 7 years and you would, in fact, get the bonus after that amount of time.

In addition, there are reports of people who’ve had the card within the last 7 years getting accepted for this offer, including the bonus. I think Greg was one of them. No one (as far as I know) has posited an idea about why this happens — my guess is that it’s due to heavy historical spending.

Finally, Amex has software in the application process that is supposed to alert you that you’re not eligible for a bonus offer on a new card before they pull your credit. That makes checking whether you can get the bonus risk free — you have a chance to cancel the application after the pop-up appears (or you can go ahead if you want the other card benefits without the sign-up offer). Of course, there’s no guarantee they won’t make a later decision to deny the bonus, but I think it’s a pretty good bet if you apply without the popup that you’ll end up getting the bonus.

Dick Bupkiss

Seven years from what exactly?

Seven years from when you applied?
Seven years from when you received the signup bonus?
Seven years from when you closed the card?

Asking for a friend…

Dick Bupkiss