Latest news with #AmexBusinessPlatinum
Yahoo
7 days ago
- Business
- Yahoo
Do you need to be a business owner to qualify for the limited-time Amex Business Platinum offer?
The Business Platinum Card® from American Express currently has an excellent limited-time offer. Until June 30, 2025, you can earn a statement credit in addition to a large number of bonus points. Here's the good news: You don't need a specific type of business to qualify for the Amex Business Platinum offer. Your business doesn't even have to be registered or established. See how you can qualify for this and other business credit cards as an owner of a startup, as a freelancer, or even someone with a side hustle. Perhaps surprisingly, the eligibility criteria for business credit cards, including the Amex Business Platinum, are less strict than you might imagine. Do I need an established or registered business? No, your business doesn't have to be established or registered to qualify for a business credit card. You can have a new business and still qualify. What if I'm a freelancer or sole proprietor? Sole proprietorships are one of the eligible options for company structures on most business card applications. You're typically classified as a sole proprietor if you run a business by yourself, which is often the case as a freelancer or independent contractor. What if I don't have a legal business name? You typically use your own name as your legal business name if you're a sole proprietor. What if I'm a startup and don't have any income? Startups can also qualify for business credit cards, so it's not necessary to have any income yet — you can put your estimated revenue on the application. What if I don't have any business credit history? Most new small business owners won't have any business credit history, which is okay. Major credit card issuers often check your personal credit history when you apply for a business credit card. This can have a small, temporary impact on your personal credit. What if my industry type isn't on the application? Try to choose the industry type that's closest to the type of business you do. Most business card applications don't have every business type available. What if I'm not sure of my estimated monthly spend? Make your best estimated guess as to what you think your monthly business spending will be. The key to applying for any financial product is to be honest. What is my Federal Tax ID? You typically only have to provide a Federal Tax ID, also known as an employer identification number (EIN), if you have a registered business, such as a corporation or partnership. As a sole proprietor, you likely don't need to provide more than your Social Security number (SSN). In short, all types of business owners may qualify for the Amex Business Platinum and other business credit card offers. There are other factors to consider, such as your personal credit score and applicable spending requirements, but you don't need to be a large corporation or even a registered business at all. Freelancers and people with side hustles may also Amex Business Platinum offer's terms and conditions state you may not be eligible for this offer if you: Have had this card or previous versions of this card Have a certain history with credit card balance transfers Have a certain history as an American Express cardmember Have opened or closed a certain number of credit cards Are unable to meet the conditions pertaining to other factors One area of concern for prospective cardholders is whether they qualify for a business credit card at all because of the type of business they run. The good news is American Express will let you know if you qualify for one of its credit card welcome offers before you actually apply (and potentially impact your credit score).The Amex Business Platinum travel rewards card has a publicly available offer where you can earn 150,000 Membership Rewards points after spending $20,000 on eligible purchases in the first three months. You can also earn a $500 statement credit after spending $2,500 on eligible flights booked through American Express Travel ( or directly with airlines within the first three months. The offer ends on June 30, 2025. It depends on how you redeem the points, but they're worth at least $1,500 toward airfare and similarly toward gift cards (depending on the gift card). They could be worth more if you redeem them toward specific flights after transfers to partner airlines. For example, you could get over $2,000 or $3,000 in value if you transfer your points to Singapore Airlines Krisflyer, Air France-KLM Flying Blue, or another partner and book an international flight in business Amex Business Platinum Card may be worth it if you can take advantage of enough of its perks and benefits to offset its hefty $695 annual fee. This could include traveling enough to use its complimentary access to airport lounges and its many annual credits, such as up to a $200 airline fee credit and up to a $199 CLEAR Plus possible to have more than one Amex Business Platinum Card and receive the welcome bonus more than once if you have multiple businesses or receive targeted card offers with terms and conditions that let you earn multiple offers. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Yahoo
18-04-2025
- Business
- Yahoo
Earn 150k points and a $500 statement credit with this Amex Business Platinum limited-time offer
The Business Platinum Card® from American Express has a limited-time offer of 150,000 points and a $500 statement credit. This offer is interesting because, depending on whether you meet the offer requirements, you can earn one or both aspects of the two-tiered bonus. Here's the full offer: Earn 150,000 Membership Rewards points after you spend $20,000 on eligible purchases on your Business Platinum Card within the first three months. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your card within the first three months. The offer ends June 30, 2025. This offer is worth at least $2,000 toward flights, though it could be worth much more with specific transfer partner redemptions. This is a two-tiered offer: Earn 150,000 Membership Rewards points after spending $20,000 on eligible purchases on your Business Platinum Card within the first three months. Earn a $500 statement credit after spending $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your card within the first three months. You can earn one or both parts of this Amex Business Platinum offer. We don't like leaving any part of a welcome bonus on the table, so we recommend working at least $2,500 worth of flights into the $20,000 you have to spend in the first three months. Then, you'll qualify for both the 150,000 points and the $500 statement credit. Of course, this strategy only makes sense if you need to book upcoming flights. The offer could still be worth it if you can only earn the 150,000 points, but it loses much of its value if you only qualify for the $500 statement value of 150,000 Membership Rewards points can vary in value depending on the redemption option. Here are some examples of how much 150,000 points are worth for different redemptions: Book flights: $1,500 Reserve prepaid hotels: $1,050 Cover card charges: $900 Receive an Olive Garden gift card: $1,500 Receive a The Cheesecake Factory gift card: $1,275 Receive a Starbucks gift card: $1,050 Using this sampling of possible redemptions, the bonus is worth up to $2,000 (including the $500 statement credit) toward flights or certain gift cards. It's worth significantly less if you choose any of the low-value redemption options, such as covering card charges or reserving prepaid hotels. However, there's no set redemption value if you transfer points to one of over 20 Amex travel partners, including Air France-KLM, Singapore Airlines, or Virgin Atlantic. From our experience, you can receive well over $1,500 in value when transferring 150,000 points to a transfer these examples of transferring points to different Amex travel partners to get more value from your rewards. Singapore Airlines has a route from New York (JFK) to Frankfurt (FRA), where you can book a business class flight for 81,000 miles plus a small amount of taxes and fees. This flight is on one of the best airlines in the world and can cost over $2,600, giving you plenty of value for your points. Singapore Airlines offers frequent discounts with its KrisFlyer Spontaneous Escapes promotions, which could lower the award flight cost to only 56,700 miles. This redemption will be even more worthwhile if you can snag this deal. Either way, you'd still have points left over for other redemptions. How does a business class flight to Paris (CDG) from Seattle (SEA) sound? With only 60,000 points transferred to Air France-KLM Flying Blue, you can make that dream a reality. You have to cover some taxes and fees, but it's still worth it, considering this flight can cost over $3,000. Even better, you would still have 90,000 Membership Rewards points to use after this redemption. If you would rather stretch your points for more flights, there's plenty of opportunity to do so. Consider this economy flight on Aer Lingus from Chicago (ORD) to Dublin (DUB), which only costs 13,000 Avios miles and some taxes and fees (about $131). This flight would cost $685 if you were to pay cash. With 150,000 points to work with, you could cover 11 of these flights (worth over $7,500). That's a lot of solo visits or at least a few family trips, depending on how many 'family members' turn up once they hear you're booking heavily discounted flights to Ireland. The Amex Business Platinum charges a hefty $695 annual fee (see rates and fees), which means you need to get enough value from the card's benefits each year to offset that amount. Otherwise, it might not be worth hanging onto this card year after year. Without considering the value of its welcome offer, here are a few simple steps to see if a card is worth it for you: See how much you must pay for a card membership or annual fee. Review a card's benefits and calculate their value. Don't consider benefits you won't use. If the value of a particular benefit is difficult to quantify, this can require educated guessing. See if the sum of the values of the benefits you would actually use is more than the annual fee. Here are a few Amex Business Platinum benefits and their potential value: Rewards rate: If your business spends $50,000 on the card annually, that's at least 50,000 points (worth $500 toward flights). You can earn more points if you spend more or qualify for a higher earning rate. Airport lounge access: Paying for airport lounge access can cost between $35 to $50 or more at locations that allow paid guests. Buying a meal at an airport can cost over $15. With airport lounge benefits, you can avoid paying an entrance fee and frequently receive complimentary food and drinks. $200 Hilton statement credit (enrollment required): For eligible Hilton purchases, you can receive up to $200 in statement credits annually ($50 per quarter). $200 airline fee credit (must select a qualifying airline): You can receive up to $200 in credits per calendar year for incidental purchases, such as baggage fees, made with your selected airline. $199 CLEAR Plus credit: You can receive up to $199 back per calendar year on eligible CLEAR Plus memberships. You can more than offset the annual fee each year by using these and other benefits, many of which we didn't mention here. Depending on your business expenses, you might earn enough from purchases alone to offset the fee. This article was edited by Alicia Hahn. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
