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AMEX Platinum Bonus Increased to 40,000 Points

AMEX Platinum Bonus Increased to 40,000 Points

Million Mile SecretsAMEX Platinum Bonus Increased to 40,000 PointsMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

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.

If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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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!!

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

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

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?

Author
Million Mile Secrets

@vik – Try a small denomination to see if it works first.

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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