200K Membership Rewards points with Business Platinum + Business Checking bundle [Targeted]

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There is a new link available for a targeted bundle offer on the American Express Business Platinum card and a Business Checking account that gives the opportunity to earn up to 200,000 total points. This isn’t as good as an offer we saw late last year, but it’s certainly not a bad offer either. Not everyone will be eligible (and you need to apply separately for the Business Platinum and Business Checking, so keep in mind that you may or may not be approved for both). Still, this can be a nice windfall of points if you’re eligible and you can meet the spending requirement (though it comes at the right time of year if you have to make upcoming tax payments).

This is a no-lifetime-language offer (NLL), meaning that you can be targeted even if you already have one (or more) Business Platinum cards. Stephen and my wife were both targeted for this offer, even though neither has been via the last several NLL links that have come out.

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The Deal

  • American Express is offering some people a targeted offer to get up to 200,000 Membership Rewards points:
    • Open a Business Platinum card and earn 150,000 points after $15K spend in the first 3 months
    • Open a Business Checking account and earn 30,000 points after qualifying activity
    • Earn 20,000 points when you meet all qualifying activity for both
  • Direct link to this deal (note that it is targeted)

You must log into your Amex account first, then click the “apply now” link on the pre-approval landing page. 

If, after clicking “apply now,” you see the message below or see a screen with no offer listed, it means you’re not targeted. If you get a pop-up telling you that you are not eligible for the welcome offer, you aren’t.

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Key Terms

  • Separate applications are required for each product, which must be
    submitted by 12/31/23.
  • (Checking Account only) You are not eligible to earn a Welcome Bonus for any accounts opened for a business that currently has or has had an American Express® Business Checking account.

Quick Thoughts

There are two separate components to this deal. You’ll need to open a Business Platinum card and meet the $15,000 spending requirement within the first three months to earn 150,000 points. I do not see lifetime language in the terms (though always be sure to double check since these offers are targeted). Greg’s wife was targeted for this offer via e-mail, but the link worked for my wife and Stephen also.

For the Business Checking component, you’ll need to apply and be approved, deposit $5,000 within 20 days of opening, maintain an average daily balance of $5K for 60 days thereafter, and complete 10 transactions within the first 60 days of having the account open. Note the timelines: You have 20 days from account opening to deposit and then you must maintain $5K for 60 days after first deposit — so the 60-day clock for that begins when you make your first deposit. You also have to make 5 transactions within 60 days of account opening — the clock for that component begins on the day you open your account, not on the day you deposit (ask me how I know). The 5 transactions can even be ACH deposits or withdrawals, so it is very easy to hit ten. Just don’t miss the clock on that.

Note that, if you already have a Amex Business Checking account, you are not eligible for the bonus on a new checking account (although you still can get approved for the bonus offer on the Business Platinum card).

If you complete both components, you’ll get an additional 20,000 points.

Overall, this is a very good deal if you’re eligible, though it’s not the best deal we’ve seen (we previously saw the same deal offer 60,000 points for the Business Checking account component).  Still, given the fact that those with an Amex Business Checking account can redeem Membership Rewards points for $0.01 per point, the total points here are worth a floor level of $2,000 — or potentially much more if transferred to partners to take advantage of the many Amex Membership Rewards sweet spots.

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