Amex Business Platinum Pay With Points Rebate Silver Lining
American Express has announced a key few changes coming to their Amex Business Platinum pay with points rebate. I covered them earlier, but the major change is the rebate being cut from 50% down to 35%. This effectively reduces the value of points on these redemptions from 2 cents each to just 1.54 cents each.
The cut from 50% to 35% will take effect on June 1, 2017, but some cardholders will keep the benefit longer. @AskAmex on Twitter has confirmed the following:
If you opened your Business Platinum Card account anytime between October of last year and May 31st of this year, we will be honoring the 50% Airline Bonus, with unlimited points, for one full year from the date your Business Card was issued.
So new Business Platinum cardholders will have the benefit for their entire first cardmember year. Good news for some, but of course long term cardmembers are left out in the dust.
HT: Doctor of Credit