Should You Get the Amex Business Platinum Card?

[@LukesPointsandMiles]

$15K!!! Stan, if I had your money, I'd throw mine away!!!

[@TheCreditFrog]

Haha! Luke, I know you can be smart with your money! It’s all about knowing what you have, knowing what you can afford, and making sure to pay yourself first (build savings)!! 👍👍

[@joshua.butler]

Awesome sign up bonus, but I agree it's kind of a stretch to justify this card long term. It really does seem geared toward more well established businesses with multiple employees. Excellent breakdown Stan!

[@TheCreditFrog]

Thanks Josh! Yeah, this card has a monster SUB making it great for large purchases, but the statement credits aren’t really as good as the personal Platinum ones. It’ll come down to a keep or cancel decision in 1 year!

[@TheCreditFrog]

Here are other credit cards to consider for large purchases 👉 kzbin.info/www/bejne/gGbRkISCf6yKd9U

[@CalbyNg]

Oh that Airline reimbursement sounded way better than it is lol. Interesting card, I don’t think I could personally justify those credits, especially as a Mac user

[@TheCreditFrog]

Haha I dunno Calby! Flash drives and external hard drives from Dell can be used on both Mac and PC!

[@CalbyNg]

@@TheCreditFrog There are only so many drives I need 🤣

[@binsun7840]

Biggest bummer for Amex platinum biz is no 5x for airline purchase except on Amex travel. Additionally, airline fee reimbursement and 35% back on air ticket point redemption is such a hassle as only one airline is eligible each year and you have to pre-select the airline every year.

[@TheCreditFrog]

Oh man, I missed that update. Yeah, that is a total bummer, and really makes spending on this card only useful if you have larger purchases. And yeah, there's that one airline restriction for airline redemption for economy redemptions which also sucks. Thanks for the update!

[@braingauser2344]

The airline rebate actually gives you over 1.5 cents per point. A $1000 flight actually cost 65,000 Amex points after a 35,000 point rebate.

[@TheCreditFrog]

Thanks for the clarification! Yeah, you’re right that would be over 1.5cpp making this a great benefit for the Business Platinum 👍

[@weekendmixology3832]

I was looking for this comment.

[@OfficialEricGao]

Great signup bonus! but I'm going to stay away from the Business Platinum Card because it definitely doesn't fit my lifestyle currently!

[@TheCreditFrog]

For sure Eric! If only Amex was accepted at Costco, I'm sure there's $15k of things at Costco you could stock up on 🤣 (Loved your recent YT Shorts)

[@SpencerJohnsonOfficial]

The SUB on the Business Plat is insane. Especially in combo with the Business Checking account! I wish I had that high of spend to justify the minimum requirement to hit the SUB. Maybe one day!! This was a great breakdown. I'm excited to get this card down the line!

[@TheCreditFrog]

Yeah, the SUB on this card is really a great opportunity if you have a lot of spend or if you have a particularly large purchase coming up. I don’t think there’s a better card than the Business Platinum for this type of use-case! I see you getting this card in the future, maybe when you have to pay property taxes on that commercial property you purchased for your successful media company 😉

[@SpencerJohnsonOfficial]

@@TheCreditFrog I completely agree! And I can't wait for that day lol. Next on the list would be the centurion card at that point 😆 A man can dream!

[@alyssabenshoff1012]

I just upgraded from my business Gold card to the business Platinum because of the upgrade offer they sent me. 140k MR points plus a prorated annual fee for $10k spend. I actually like it so much better than the Gold card because the multipliers work with my business so much better. So far I would say it is hands down worth the annual fee. 👌🏽

[@TheCreditFrog]

Wow that's a great offer Alyssa! This card can definitely be a great asset to business spend depending on your industry, and to be able to get an upgrade bonus to get an even better card sounds like a big win for you! Enjoy that business Platinum card and all the perks it has to offer 👍!

[@drexplordinaire]

35% is key because if you are doing economy tickets, its pretty equal to award tickets without the limitations and restrictions, you are wrong at 7:33, its 1.538 and not 1.35. If it were 50%, then it'd be 0.5 pt to 1 cent, so 2 cents per point. Accordingly, this is 0.65 pt to 1 cent, so 1.538 cents per point. It is LIMITED to one airline though.

[@TheCreditFrog]

Thanks for the clarification! It’s definitely nice to have the 35% option to redeem your MR points if you decide to use them for Amex Travel redemptions!

[@jimmyjames6492]

Great video! Curious to see if you end up keeping it or not in year 2. Definitely worth the SUB! Thanks for the info + video!

[@TheCreditFrog]

Thanks Jimmy! Yeah we’ll see how this all plays out over the course of this year, but this is definitely one of the best, if not the best card for a large purchase!

[@yasinnabi]

Making money is not for geniuses, anyone who work smart and hard can make millions.... based on my own experience, a fellow creator,

[@TheCreditFrog]

Absolutely Yasin! You definitely have to work hard to get to where you want to go! Thanks for the support. Nice to hear from a fellow creator!

[@SledgeIncTeam]

I just finished the SUB on the Business Gold so I'm eyeing this one

[@TheCreditFrog]

Awesome Sledge! The elevated SUBs should be around for a while so you have some time to decide!

[@ThePowersSix]

I got a mailer for 250k points after 15k spend. I dont have have any upcoming spend so unsure what to do.

[@TheCreditFrog]

I would not get it if you can't make the $15k minimum spend requirement.

[@ThePowersSix]

@@TheCreditFrog it's a bummer to pass on but your right. I would normally have enough spend for this but prepaid expenses etc to complete the blue business plus SUB. I seen where some have gotten a 300k offer for 20k spend. Hopefully I can get that offer when I have more expenses to justify the SUB.

[@CostcoSamurai]

Just got approved for 170,000

[@TheCreditFrog]

Congrats! 🎉

[@ItsMeCJ]

Ohhh, that sucks that you can’t get value from the creative cloud subscription. I also have an individual plan. Darn Amex!! I’ll pass on this. I’m not planning to spend $15k yet 😂😂. Good video as always Stan!

[@TheCreditFrog]

🤣🤣. Yeah, the Adobe Teams plans is so expensive so I was bummed that this credit couldn't provide any real value at all. And you never know when that large purchase will come up so definitely remember this card if it ever does haha! Thanks CJ!

[@AnthonyVenture]

Are we ever going to see that fan you used to have in the background? It was my favorite, can you sell it to me? 🤣 This was interesting, I learned a bit about the business platinum. Seems too out of touch with my life at the moment, dell, adobe, indeed, all things I don’t use at all. Great that you are able to take advantage!

[@TheCreditFrog]

I liked that fan too. I actually have multiple fans around my house for decoration - really like the look. It made me look like I was wearing a hat based on it’s placed so that’s why I removed it 😂. I dunno Tony, maybe a major remodel is coming to your way, and when it does, you know which card to use!

[@rustysweatshirt2903]

I got a mailer to upgrade from business gold for 140k and took it less then 24 hours later just had 180k offer for $10k in my portal I’m so heated

[@TheCreditFrog]

Dang that sucks! 140k is not too shabby though. Not sure what the MSR was but if it was 140k outright vs $10k for 180k, I think you made the right choice. If it’s the same spend though, they played you 😕

[@thecreditcardmd]

Stanley you are the man! Thanks to you sharing this non-lifetime language signup on this card, I just hit the 160K bonus by just paying off my property taxes. Thank you so much for finding this hidden gem! Going to apply for the 90K+10K on your gold business next 👏🏻

[@TheCreditFrog]

You’re so welcome, Yamah! Glad you could take advantage of that NLL offer! I definitely did the same so I should be good to get another Business Platinum in the future. You’re going to have a nice pool of MR points after that Business Gold card as well! 👍

[@edrasmata]

Great breakdown Stan! I kind of struggle to justify the card for the long term though. The credits aren’t the best & kind of force you to use it otherwise there’s no upside to it. The main benefits imo would just be the travel perks & the HUGE SUB! Great video as always Stan! Love the quality man 🙌🏻

[@TheCreditFrog]

Thanks Edras! Yeah, the statement credits are pretty niche, even more so than the personal Platinum so justifying this card long-terms is going to be a tall ask. Definitely great for the SUB though! Appreciate it man!

[@krs1905]

I was targeted with 170k offer this month. It’s a work card. I was able to do one charge last week for $40k. I ended up getting 230k rewards last week.

[@TheCreditFrog]

Sweet! Yeah I heard a 170k offer was going around! Nice thing about this 160k offer is that it’s NLL so you could do this again if you had another large purchase to make! Kudos on the (almost) quarter million point SUB 👍!

[@ItsMeCJ]

First!….everyone else made a mistake 🤣🤣

[@TheCreditFrog]

Haha, you were actually not too far off today CJ! 🥉

[@CashCultura]

Yo this is a great video!

[@TheCreditFrog]

Thank you!

[@businesstwentytwelve7615]

Great job, Stan!

[@TheCreditFrog]

Thanks!

[@MattWelterOfficial]

Yeah the welcome bonuses on this Card can be monstrous, but like you I don't really get any value from Indeed, I personally don't use Adobe, etc. So, this Card seems more like a great Card for the bonus if you have a large purchase, but not necessarily one for the long-term, especially for us as KZbin creators (until we have many employees haha). Great video as always Stan!

[@TheCreditFrog]

Thanks Matt! I wish I could use the statement credits on the Business Platinum because I really think it’s a great card for large purchases and wouldn’t mind keeping it long-term I could justify it, but most likely after year 1, this card won’t make sense. It was a great thought experiment though!

[@joshua.butler]

Hey!

[@TheCreditFrog]

Hi! 🥇

[@ItsMeCJ]

Go away! 😑😂😂😂😂

[@dianaolivares3092]

OMG! How can I still get this promo? If I already applied using the offer I was given online?

[@TheCreditFrog]

Are you looking for the no lifetime language offer? Unfortunately, I'm not sure if the offer is still available!

[@dianaolivares3092]

@@TheCreditFrog I thought It was available until August.

[@TheCreditFrog]

@@dianaolivares3092 Yes, back when I made this video, that’s what it said, but Amex always makes a note that these offers are always subject to change!

[@dianaolivares3092]

Yes, when I click on the link is still showing available. What do I need to do do if I already apply for the 130,000 but now prefer to use this ?

[@TheCreditFrog]

@@dianaolivares3092 if you already applied, you can call Amex to see if they can match this offer, otherwise you may have to wait until you finish the offer you were given before reapplying for the no lifetime language offer.

[@OakandIV]

A fun one! I love my business platinum, and thought seriously about getting a second. I still might before the offer closes. Dell will let you divide your charge between cards. I think there is no reason you could not divide your charge between two business platinum cards, and get the $200 credit back on both cards, for a total $400 discount on an item. Rakuten also offers 10% back on Dell several times per year. With 10x points +1.5x points plus $400 in credits you could get a great deal on a new PC or laptop that way. Since the business platinum gets 1.5x back on charges over $5000, and 1.5 times back on charges at electronic retailers, it can also take the pressure off of your blue business plus for non-category spend on large purchases. The business platinum also has synergy with the business checking account. If you have both, you can cash out MR points for one cent per point. Not recommended, but it does add Optionality. Like you, I can pretty much make use of about $720 per year of the credits, but I am also probably picking up some things I otherwise wouldn’t. I see it as a zero annual fee card, with a great sign up bonus and solid multipliers. The question I have to ask myself is if I really need two of them. There is only so much stuff from Dell I really want. Looking forward to the next video.

[@TheCreditFrog]

Seems you have your strategy for the business Platinum card down packed Robert! I would say that the Dell credit would become much more useful if you had two business Platinum cards so you have $400 to work with, and I like the tip you mentioned about the Rakuten plus the 1.5X on charges at electronic retailers, plus potentially Amex Offers. With these, you could triple or even quadruple dip on the savings! I'll admit that I can never have too many USB Flash Drives 🤣