American Express Platinum Card With 1st Year Annual Fee Waived PLUS 25,000 Bonus Points – Limited Time Offer

Back in March we discussed and deal that is offered to Ameriprise customers on the American Express Platinum card. The normal ongoing Ameriprise offer waives the $450 annual fee for the 1st year in-lieu of any sign-up bonus. I made the argument that this offer, even though it does not have any sign-up bonus, is actually a better deal than 40,000 bonus point offer with the $450 fee which was available at the time.

amex platinum with no annual fee for the first year plus 25000 bonus points

It looks like the deal has been sweetened for a limited time. Between now and 8/31/14, not only will you receive the normal annual fee waived for the 1st year offer but you will also receive 25,000 bonus Membership Rewards points after spending $3,000 in purchases on the card within the first 3 months of membership.

Exclusive Benefits

Plus EXCLUSIVE TO THIS OFFER the card comes with the ability to “earn an additional 5,000 Membership Rewards points for each $20,000 in eligible purchases on your Platinum Card, up to 30,000 points per year.” This perk is only available on Platinum cards that were obtained via the Ameriprise Financial relationship offer but this can certainly add a lot of value to the use of the Platinum card. 5,000 bonus points for every $20k in spending is an awesome 25% spending bonus (based on the 20k increments).

This is an added bonus on top of the normal ongoing perks such as:

  • $200 Annual Airline Fee Credit – for incidentals such as baggage fees, flight change fees, in-flight snacks, etc.
  • Lounge Access – Including American Express Centurion lounges for you and your family or 2 travel companions and Delta Sky Club (only free for yourself, guests after May 1st, 2014)
  • $100 Global Entry fee reimbursement
  • Complementary Gold Status with SPG for duration of card membership
  • No foreign transaction fee

Compared to a 40,000 or 50,000 bonus point offer I would take this offer, hands down. Heck, I would take this over anything short of a 100,000 bonus point offer. But the thing to keep in mind is that you can now only get a sign up bonus once in a lifetime on personal cards with American Express. So… are you holding out for a 100,000 point offer?

Is it for Ameriprise clients only?

Yeah, technically… The terms specifically state that this offer is for those with a financial relationship with Ameriprise only. If you have a relationship with Ameriprise then you should be good to go. If you don’t then YMMV as I have not applied for this offer but I do know several people over the past year who have been able to get the Ameriprise version with the annual fee waived.

If you want to give it a shot you can apply here.

Bookmark the permalink.

Let me know what you are thinking!