Wow: Amex Platinum Offering 75K Points, 10x Points

Filed Under: American Express
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A fantastic welcome bonus has just been rolled out on The Platinum Card® from American Express, which should interest lots of people.

Earn up to 225K points with new Amex Platinum offer

With this newly introduced welcome offer, the Amex Platinum Card is offering a total of up to 225K points:

  • 75,000 bonus Membership Rewards points after spending $5,000 within the first six months
  • 10x Membership Rewards points at U.S. gas stations and U.S. supermarkets; this is valid on the first $15,000 spent in the first six months in the combined categories

Now, let me be clear, I’m by no means suggesting this bonus is worth 225K points. However, to do some basic math based on my valuation of 1.7 cents per Membership Rewards point:

  • I value the welcome bonus of 75K points at $1,125
  • Earning 10x points per dollar is the equivalent of an incredible 17% return in those categories, which is unheard of

This really is a phenomenal bonus, especially for those who spend a lot at gas stations and supermarkets (or are able to shift more spending into those categories).

Are you eligible for the Amex Platinum bonus?

The Amex Platinum Card welcome bonus is available to those who don’t have or haven’t had this specific card. However, you are potentially eligible for this card if you’ve had any other Amex card before, including the business version.

Redeem your Amex points towards great travel experiences in the future

Why the Amex Platinum is worth it

The Amex Platinum Card is a $550 annual fee (Rates & Fees) card that’s worth getting primarily for the benefits that it offers. Historically this card has been all about travel perks, and has offered benefits like the following:

  • A $200 annual Uber credit
  • A $200 annual airline fee credit
  • A $100 annual Saks credit
  • Access to Amex Centurion Lounges, Delta SkyClubs, and Priority Pass lounges
  • Hilton Honors Gold and Marriott Bonvoy Gold status
  • A Global Entry or TSA Pre-Check credit once every four years

Get Centurion Lounge access with the Amex Platinum

In the past, the travel perks of this card have more than offset the annual fee, in my opinion. You might be thinking “well, travel benefits aren’t worth much to me right now.” Fair enough, but Amex is one step ahead of you — the issuer has been doing a great job adding limited-time perks to this card.

Read a full review of the Amex Platinum Card here.

Bottom line

The Amex Platinum Card is offering an incredible new bonus of 75K points upon completing minimum spending, plus up to 10x points at grocery stores and gas stations.

If you don’t yet have the Amex Platinum then I can’t recommend this offer enough. While this has historically been a card that’s all about travel perks, Amex has done a good job with adding temporary perks, and I would expect to see that continue.

Do you plan on taking advantage of this amazing Amex Platinum Card offer?

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Platinum Card® from American Express (Rates & Fees).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
  1. @ Ben — Let the clawbacks of the 10x on all the gift card purchases at grocery stores begin…some people will never learn.

  2. data point that might be helpful to some: I’ve gotten myself approved for four AMEX cards in the last few months: the Bonvoy Brilliant, the Bonvoy Business, the Gold card, and this Platinum offer. This despite opening a variety of other accounts in the same timeframe (the JetBlue card with its 100k bonus, the Wyndham Business) So if you have good credit and some kind of relationship with AMEX don’t be afraid to try: as Lucky says in the article, they don’t consider charge cards like the Gold and Plat in their card count.

    Note that there is another public offer floating around (that I took advantage of) that additionally credits 20% of all restaurant spend, up to a maximum of $300, in addition to offering the 10X points. I’m not going to link it here out of respect for the fact that Lucky may not get a commission, though you can find this offer if you try. IMHO this turns the Platinum offer into a screaming bargain if you can get approved now; it breaks down like this:

    ~225k MR bonus, which is a lot
    $80 in streaming and cell phone credits between now and the end of 2020
    $300 in restaurant credits on $1500 spend; you have six months to complete this
    $200 airline credit for 2020
    $200 airline credit for 2021 (remember, these are based on the *calendar* year)
    $150 in silly Saks 5th Avenue credit
    $200 in potential Uber/Uber Eats credits
    Centurion and lounge access, which might be useful someday

    You can make an argument that someone who is sufficiently organized could make this worthwhile on the credits and reimbursements alone.

    Interestingly, I have had no trouble with my Amex approvals, while Mrs. Kendor, who possesses all the good looks and makes all the real money in our relationship, has been turned down despite her 780-ish credit scores. Some ;folks on the Interwebs suggest that having her spend heavily on what AMEX cards she does have for a few months will generate an approval.

  3. @Omar: You potentially generate 150,000 MR points on groceries and gas, in addition to the 75K bonus, for a total of 225k MR points. Two hundred and twenty five thousand is quite a bigger number than 100,000. Why isn’t this a much better offer than the 100K up-front offer in your mind?

  4. resy link has $300 refunded on all restaurant spend and 75k points. Lucky won’t get paid for signing up for that one though.

  5. @ Lucky, Any idea how long this offer will be open? Also, an FYI, your link is not working, I get “This offer is being updated. Please check back later.” Hopefully, it will be updated.

  6. Just tried the Resy card and was told I’m not eligible for the bonus due to past cards, past balance transfers or past bonuses. I’ve only had two AMEX cards in my life.

  7. If you eliminate long haul first and business how can you actually use amex points, they offer nothing attractive in terms of redemptions besides transfer to foreign airlines that i cant go on right now.

  8. @ Kendor — Because very few people will spend $15,000 on gas + groceries in 6 months, and American Express WILL clawback points form those who play games by buying gift cards. Plus, if you do spend that much, you should be doing much or all of that spending at warehouse clubs not grocery stores. It is still a solid offer, but perhaps not as great as it seems.

  9. As others have mentioned, be sure to check Incognitio mode for the 100k MR offer, or go through Resy to get 75k MR plus 10% back on restaurants up to $300. Bloggers don’t get commission for these so won’t mention, them, but be sure to look around first.

  10. I just downgraded my Business Platinum last month and got the Platinum card instead thinking it was the better to have at this time and now all of these offers when all I got was the 75K welcome. Too quick on the draw I guess.

  11. It would be nice if bonus points were offered to existing holders on gas and groceries. I am on verge of canceling my Platinum as no longer taking Ubers or traveling and don’t order in, but I am cooking a lot, so lots of groceries. Just used the Saks credit but that doesn’t justify the card. Also using the cell phone credit, but still doesn’t add up…

  12. Wow……

    I had an AMEX Platinum in the 1990s and I do not know if had a sign-up bonus, but after this new offer, I applied by phone and did get approved and will receive the 75K sign up bonus as well as the 10% on groceries and gas.

    So if you had a Platinum years ago, you may still be eligible for the sign up bonus.

    I already have the Platinum Biz and personal Gold and did not need to cancel a card to get the new one

  13. @ Gene, not many people in your income bracket spend that much perhaps, but I have several colleagues who budget 25-30k annually for groceries and they shop exclusively at Whole Foods. They all drive Teslas these days so no help on the gas credit, but a credit card with a $550 annual fee is not being marketed toward the frugal amongst us.

  14. Why Walmart is not a grocery store????? I can buy Banana, Rice, Beans, Burrito, Meat…etc… Come on Amex I want to get this deal.

  15. I see a much improved Cardmatch offer which also includes the 10x points:

    Earn 125,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.†
    Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That’s an additional 9 points on top of the 1 point you earn for these purchases.‡

    The Gold card also has an improved bonus:
    Earn 75,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.†

  16. Quick question (I’m new to Points & Miles strategies). I got approved for Platinum w/ 100K Bonus & 10X Gas/Groceries!

    If I spent $2500 on Gas/Groceries the first 2 months, does that mean I would not only get 10X MRs but would have met the $5000 spend requirement for the 100K Bonus??

    Or is the the $5K spend requirement within first 6 months for purchases IN ADDITION to Gas/Groceries that I get 10X? Hoping I can meet the $5K spend just by Gas/Groceries during first 6 months, so that I can keep my non-bonused spend on Chase Freedom Unlimited.

    Hoping you can clarify for me – thanks so much!!

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