I’m a big fan of both The Platinum Card® from American Express (Rates & Fees) and The Business Platinum Card® from American Express (Rates & Fees). I have the former and Ford has the latter, so together we spend a significant amount of money in annual fees to hold onto the cards, and I find that to be quite worthwhile, given the perks the cards offer:
- Each card offers a $200 annual airline fee credit, which is worth close to the face value for me
- The personal version of the card offers a $200 annual Uber credit
Those benefits alone get us around $600 of value, and then I value the card for Delta SkyClub access, Amex Centurion Lounge access, a Priority Pass membership, Hilton Honors Gold status, and much more.
The Amex Platinum Card comes with Centurion Lounge access
While I find these cards to be worthwhile for the perks, these aren’t cards I spend much on. The only exception for me is putting airfare spend on the Amex Personal Platinum Card, given that it offers 5x Membership Rewards points on airfare spend. I value those points at ~1.7 cents each, so to me it’s like earning the equivalent of ~8.5% on airfare spend, which is a great deal.
People who put everyday spend on the Amex Platinum Card
I love observing (and hearing) how people use their credit cards. For example, this past weekend I had dinner with a friend who is quite savvy, yet who puts all their spend on the Amex Platinum Card. I was surprised. I don’t want to say this is strictly related to age, but the concept of putting all your spend on the Amex Platinum Card does seem somewhat generational. Many people my dad’s age seem to perceive the card as being “prestigious,” and when they put everyday spend on the card, they say “well that’s always what I’ve been doing, and I don’t want to cancel the card after having it for so long.”
That’s totally valid, in a way:
- You shouldn’t cancel the card, because it has lots of perks that make it worth holding onto
- However, there are very simple adjustments you can make to maximize your rewards and earn lots more Amex Membership Rewards points
You can easily combine your Membership Rewards points
One big misconception some people seem to have is that you can’t combine Membership Rewards points. People tell me “well I already have so many points with my Platinum Card, I don’t want to switch to another card.” That’s valid, though the truth is that you don’t need to. You can combine the Amex points you earn across all your Membership Rewards-earning cards. Heck, you don’t even have to combine them, it’s automatic, as long as they’re all linked to the same Membership Rewards account. This couldn’t be easier.
So in this post I wanted to share some basic cards to consider if you’re someone who currently uses the Amex Platinum Card for your spend, but actually wants to maximize your points.
Great complements to the Amex Business Platinum Card
- The Blue Business® Plus Credit Card from American Express has no annual fee (Rates & Fees), and offers 2x Membership Rewards points on the first $50,000 spent on the card annually; that’s right, you’ll earn double as many points for non-bonused spend as you would on the Amex Business Platinum Card, and this card doesn’t even have an annual fee
- American Express® Business Gold Card has a $295 annual fee (Rates & Fees), and offers Membership Rewards® points on the 2 select categories where your business spent the most each month. The 4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year. The bonus categories are as follows: Airfare purchased directly from airlines, U.S. purchases for advertising in select media, U.S. purchases at gas stations, U.S. purchases at restaurants, U.S. purchases for shipping, U.S. computer hardware, software, and cloud computing purchases made directly from select providers
Great complements to the Amex Personal Platinum Card
- The Amex EveryDay® Credit Card from American Express has no annual fee, and offers 2x Membership Rewards points at U.S. supermarkets (on up to $6,000 of spend per year), plus a 20% points bonus when you use your card at least 20 times during a billing cycle, meaning you’re earning up to 2.4x points at supermarkets and 1.2x points on everyday spend
- The Amex EveryDay® Preferred Credit Card has a $95 annual fee, and offers 3x Membership Rewards points at U.S. supermarkets (on up to $6,000 of spend per year), 2x points at U.S. gas stations, plus a 50% points bonus when you use your card at least 30 times during a billing cycle, meaning you’re earning up to 4.5x points at supermarkets, 3x points at gas stations, and 1.5x points on everyday spend
- The American Express® Gold Card has a $250 annual fee (Rates & Fees); the card offers 4x Membership Rewards points at restaurants globally, 4x Membership Rewards points at US supermarkets (up to $25,000 each year), and 3x Membership Rewards points on flights booked directly with airlines; the card also offers a $100 annual airline fee credit (This benefit ends on December 31, 2021) to help offset the annual fee
The Amex Personal Platinum Card® and the Amex Business Platinum Card are fantastic cards for the perks. However, they aren’t cards on which I’d recommend putting a ton of spend. If you’re one of those people who puts a significant amount of spend on either card, consider getting a complementary Amex card that can help you earn more points.
Don’t want to pay an additional annual fee? Not a problem, pick up The Blue Business® Plus Credit Card from American Express, which offers 2x points on the first $50,000 spent annually, or The Amex EveryDay® Credit Card from American Express, which offers 2x points at U.S. supermarkets and a 20% points bonus, meaning that a minimum you’ll go from earning one Membership Rewards point per dollar spent to 1.2 Membership Rewards points per dollar spent.
And if you don’t mind paying a bit higher of an annual fee, you can hugely increase your points earning potential with some premium cards, like the American Express® Gold Card or American Express® Business Gold Card.
Best of all, these points will be added directly to your existing Membership Rewards balance, so there’s no effort required.
The following links will direct you to the rates and fees for mentioned American Express Cards. These include: American Express® Business Gold Card (Rates & Fees), American Express® Gold Card (Rates & Fees), The Blue Business® Plus Credit Card from American Express (Rates & Fees), The Business Platinum® Card from American Express (Rates & Fees), and The Platinum Card® from American Express (Rates & Fees).