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AMEX Platinum for Payroll Processing
Lucky, I have an opportunity to use my AMEX Bus. Plat. for monthly payroll…approx. $70k/month at a 2.5% fee. Do you think it’s worth it given the 1.5x points I’ll receive and the new redemption rules?? With some base calculations in my head, I’m thinking this might be worth it as I’ll make all my airfare bookings with AMEX Travel now by using points (which still counts towards airline status) and the points never expire so I don’t have to justify paying the 2.5% fee every month by spending that same amount on travel.
What do you think??
Hi Adi, in my of thinking this seems like you’re earning 2.5MR (1.5+1 rebate on redemption) for 2.5c so you’re paying 1c/MR. I think that’s a rate most people would jump at, especially where it has the possibility to generate so many points very easily. As long as you can cover the costs you should take a serious look at it!
Well, you may be able to count the fee itself as a business expense, so there’s that…
That’s a high fee, but depending on your situation it could certainly make sense. I would probably do it at that rate.