Every so often, American Express targets existing cardholders with an offer to incentivize them into upgrading one or more of their cards. There’s a new opportunity right now for some Business Gold and Business Green cardholders to upgrade to a Business Platinum and earn 120,000 bonus Membership Rewards points after spending $10,000 within three months.
The Deal
- Earn 120,000 bonus Membership Rewards points after $10,000 spend in three months after upgrading a targeted Business Gold or Business Green card to a Business Platinum.
- Direct link to offer.
Quick Thoughts
This is a decent offer if you’re targeted for an upgrade. The best publicly available offer on the Business Platinum right now is 150,000 bonus points after $20,000 spend in three months. Although this upgrade offer awards 30,000 fewer bonus points, it also slashes the spend requirement in half. $20,000 spend in three months will be hard going for some people/businesses, but $10,000 – especially leading up to the holidays when businesses might anticipate spending more on all kinds of items – will be far more achievable.
This is also helpful if you have – or have had – a Business Platinum card and get a popup when applying for a new one advising that you’re not eligible for a new welcome bonus. These upgrade offers are a way around that restriction if you’re targeted.
And sadly this is a targeted offer. My wife and I have a few potential cards that could be upgraded between us, but when logging in and trying to upgrade we both got a message stating ‘We are sorry. This offer is no longer available.’ The offer is still available; that’s just the wording that Amex uses if you’re not targeted.
Now is also potentially a great time to be upgrading. There have been rumors that the annual fee on the Business Platinum card will be increasing in the near future, so upgrading ASAP will mean you lock in the $695 annual fee for another year.
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I took this offer yesterday since I was targeted for it. Opened the business gold earlier this year for 200k for 10k spend.
This offer is no longer available.
As noted in the post, that means you’re not targeted rather than the offer not being available anymore.
If you previously downgraded from Amex Business Platinum to Business Gold 3 months ago, is this too soon to upgrade back to the Business Platinum? What are best practices? Does AMEX expect you to keep the account at a certain level for a year minimum?
If you’re targeted for this upgrade offer, it’s not too early – you can go ahead and accept the offer without needing to worry. Once you’ve upgraded you’ll want to ensure you keep the Platinum as-is for 12 months if you earn the bonus points to ensure they don’t get clawed back, but upgrading itself right now is perfectly fine.