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Last year, American Express launched a benefit on the Amex Business Platinum card wherein you could redeem your Membership Rewards points for revenue travel and get 50% of them rebated back on any airline’s 1st or Business class ticket or on your chosen airline in coach.

They have just announced that they are reducing this benefit to just 35% hammering away at this card’s best benefit just after increasing the annual fee to $550.

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Still if you earn a bulk of your points with purchases over $5,000 you are still getting 1.5x MR on those purchases and redeeming for around a cent and a half (instead of 2) and still giving you an effective 3% cashback. But you first have to absorb the $550 annual fee, so unless you are getting a big signup bonus or spend a ton on the card, it may not be worth it.

Interestingly, I was *thisclose* to finally adding this card to my wallet for exactly this feature. I do still have until May 31, 2017, though, to apply and get the benefit for one year. Maybe if there’s another 100k MR signup offer before then….

Thoughts?

Let me know below in the comments, on Twitter, or in the private MilesTalk Facebook group.

And if this post helped you, please consider sharing it!

You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards

New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.

I got "in the game" in 2003 and since then I've collected literally millions and millions of frequent flyer miles and hotel points. I've flown around the world in first class seats that would cost $29,000 using frequent flyer miles and a few bucks in tax. And I've stayed in some of the finest hotels - all for free! A few years ago I realized many of my friends actually thought I was paying for these!! So I started sharing my tips. It's long been a passion, but when I hosted a session on Miles and Points at this year's South by Southwest festival, my love of the game intensified and this blog was born.

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