How to Use 1,000,000 American Express Points With the Business Platinum Card (Video)

Apr 12, 2017

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here – The Business Platinum Card® from American Express

Update: The content displayed in this video is now expired.


As a business owner, points can help you improve your bottom line. Business spending adds up quickly and there are a lot of different ways to use points to drive your business.

Amex OPEN recently reached out, asking us to help one of their best customers. I said I would do it, but only if they gave him a million points — which they agreed to do.

I ended up meeting with Rick Gilston, who runs Gilston Electrical Contracting Corp, and surprised him with the points. I also gave him a couple of tips on how to use points.

Check out the video below, which features three key tips:

My No. 1 way to maximize value with Amex points is to transfer to airline partners. Here are some helpful articles on the topic:

Flying Lufthansa 747-8 First Class for 62,500 Amex Points and $455
5 Best Ways to Use 60,000 Membership Rewards Points

The No. 2 tip is to create employee incentive programs — including gift cards they can cash in at major retailers — although this generally gets you only one cent per point in value, so it’s not really the best way to use them. But if you’ve got millions of points and you don’t have any travel to book, this is a fun way to incentivize employees. Plus, redeeming points for gift cards is tax free.

And tip No. 3: If you have the Business Platinum Card from American Express OPEN, you can use it the way we use it — booking employee travel to get the 50% rebate (sometimes this is cheaper than coach without the card).

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.