Advertising Disclosure: Links and credit card offers on this page may earn us a small commission. They never influence what we cover but they do keep the lights on. Learn More
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.
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….
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.