AMEX Platinum Bonus Increased to 40,000 Points

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Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

You can now get 40,000 Membership Rewards Points with The Platinum Card from American Express after spending $3,000 within 3 months.

This is an increase from the previous sign-up bonus of 25,000 Membership Rewards points after completing the minimum spending.

You Can't Stay in the Schengen Area of Europe for More Than 90 Days Within a 6 Month Period

American Express Platinum Card Sign-Up Bonus Increased to 40,000 Points!  You Can Transfer Those Points to Airline Partners to Fly to Europe and Nearly Anywhere Else!

Why Did I Not Write About This Sooner?

Million Mile Secrets reader Louis asked:

Hi. Yesterday American Express launched a new offer for platinum card with increased bonus of 40,000 points (earlier 25,000 points).  I got to know of it thru a friend who sent me link to another blog.

Being a long time reader of your blog, I was hoping you would share it with the readers. Why have you not shared it?  Any particular reason?

I usually write only about cards which I find interesting, so I don’t write a lot about cash back cards etc.

I didn’t write about the increased sign-up bonus on the American Express Platinum (even though I earn a commission from the card).  That’s because you can get 50,000 Membership Rewards points with the American Express Mercedes-Benz Platinum card after completing the minimum spending.

Which would you prefer?  40,000 or 50,000 Membership Rewards points?!

But since Louis asked for more details on the card, here goes!

What Can You Do With American Express Platinum Card

The American Express Platinum card benefits also include:

  • $200 in statement credits per calendar year for airline incidentals with your selected airline (luggage fees, in-flight food & drink, etc)
  • Access to airport lounges (Delta, Priority Pass, Airspace, and American Express Centurion Lounges)
  • Statement credit for Global Entry or TSA PreCheck
  • $450 annual fee is NOT waived
  • Terms & limitations apply

The $450 annual fee seems like a lot.  But with the $200 statement credit you are effectively paying only $250 ($450 annual fee – $200 statement credit).

So an effective cost of $250 is a good deal for 40,000 American Express points and lounge access.

Note that in order to get the $200 credit you must enroll and select an airline online OR call the number on the back of your card.

American Express Platinum Cardholders Will Lose Lounge Access

American Express Platinum Cardholders Have Access to Centurion Lounges

However, the lounge access benefit is not worth as much as it used to be.  That’s because American Express is losing access to American Airlines & US Airways lounges March 22, 2014 (Next Saturday).

American Express cards are great for folks who prefer flexibility.  There are many ways to use American Express Membership Rewards points.  In addition to getting ~$400 in gift cards, you can also transfer Membership Rewards points to airlines and hotels.

Save Time Renew Your Global Entry Membership Online

Transfer AMEX Membership Rewards Points to Airlines and Hotels for Big Travel!

Note that the terms say that you can NOT get the bonus on the Platinum card if you have had a previous American Express Platinum card.

And the terms say that you may or may not get the bonus if you currently have an American Express card.  I don’t like how vaguely this is worded, because there is no guarantee that you will get the sign-up bonus if you’re an existing American Express cardholder.

If we identify you as currently having an American Express® Card account, you may not be eligible for this welcome bonus offer. This offer is also not available to applicants who have or have had a Platinum Card® account enrolled in the Membership Rewards® program.

Bottom Line

It is nice to see that American Express has finally increased the bonus on the Platinum card to 40,000 points after spending $3,000 within 3 months.  But it would have been nicer to see them raise the bonus to 50,000 points to match the competition!

You can transfer American Express Membership Rewards points to select airlines and hotels.  You can also redeem 40,000 points for ~$400 in gift cards.

That said, the Mercedes-Benz Platinum card has a 50,000 point bonus after completing the minimum spending.

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

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18 responses to “AMEX Platinum Bonus Increased to 40,000 Points

  1. Last time I signed up for an Amex card using your link, I received 50,000 Membership Rewards points. I was then able to sell those points to rewards2cash for $650

    The company has positive reviews on slickdeals, facebook, yelp and fatwallet.

  2. I had received an offer a few weeks back for 100,000 points after spending $10 K in 3 months, plus 50,000 more points for spending an additional $10 K in that same time. Total of 150,000 points for $20 K spend. Same fees/benefits. This was also for the business version of this card. If you have had an AMEX business account in the past see if you might be eligible for this offer if you’re a big spender.

  3. Great post but I also wanted to point out that you can actually get quite a bit more in statement credits. I signed up for this card due to a targeted offer for 100,000 points! I immediately used it to buy 200 in american airlines gift cards. These caused a statement credit of $200 and then in January of this year 2014, I did it again. The statement credit is good every calendar year. Also you can do it again in January 2015 and then cancel the card and effectively get $600 in statement credits with one year of $450 fee and a prorated amount if you cancel. If you sign up for this card as close as possible to December you can get the most effective amount from the statement credits.

    While these points aren’t usually worth a ton, I actually was able to use them pretty effectively… Finding a steal of a hotel at 40000 points in the center of Rome. A 4.5 cent per point value as four days is $1800!

    With my targeted offer, the remaining 50,000 was transfered to Hilton before the decrease in points conversion. Giving me enough points to book the Waldorf Hilton London for five nights when combined with a Hilton Honors card targeted offer of 60000 points.

    Thanks for all the inspiration. We travel in April to Europe for the first time.

  4. Is it know if you already have the MB version of the platinum card, are you eligible for the sign up bonus for the plain platinum card?

    I know when the MB plat first hit 50k, there was no indication that you couldn’t have had a gold, green, or plat, etc., but there WAS that indication with the regular plat.

  5. Quick question, do you get the airline lounge access only if you’re flying that particular airline on that day, or is it a complimentary benefit courtesy of Amex Plat? Also, what’s their policy for traveling with your companion, if you’re traveling with your spouse? Thanks.

  6. The vague wording regarding existing card holders is troubling. Has anyone that is a current AmEx card holder been denied the bonus on this card?

    • @Vic – That’s a great offer!

      @Chrissy Cutting – Have a great trip in Europe!

      @Joseph Pore – It is unclear now, but I’d guess that you won’t be able to

      @SRT – You can enter the Delta lounge only if you are traveling on Delta, but can’t bring your spouse. You can enter the AMEX Centurion lounges regardless of which airline you’re traveling and can bring your spouse.

  7. Just a reminder for all the active duty military folk out there, you can get this AMEX card and any other AMEX card without annual membership fees under the provisions of the Servicemembers Civil Relief Act. Just give the customer service number a call and ask for your account to be handled under the SCRA (you may need to provide proof of your military orders). Quite a nice benefit for military personnel from AMEX!

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  13. I love your blog and your attention to detail in amazing.
    I received my platinum card last week and the benefits are awesome! I was offered 100,000 points after spending 3k in 3months along with the lounges access. Spouse can get in for free as well( we just used it for our trip to vegas). To utilize the $200 credit, can i buy united gift card as a valid transaction?

  14. I love not having to pay any Unaccompanied minor fee for my kid flying alone thanks Amex and free Global Entry and Boigo WIfi

  15. ihave thetarget offer amex plat but it says 5000 in 90 days for 40000 for 450. up front looking for your mercedes linbk for 475 with
    3000 spending in 90 days

  16. Hi,

    I don’t know how I came across your website but it has been amazing. Since last year I had applied for southwest, Aadvantage which gave me 100k points, chase sapphire reserve for me and my mom and now Amex Platinum 100k bonus targeted offer. I just want to Thank you from the bottom of my heart. I love your website and how quickly you respond to my questions.

    Thank you!!