American Express offering Business Platinum cardholders up to £550 in statement credits

May 28, 2020

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American Express is attempting to add more value to its Business Platinum Card in order to keep cardholders on board during the coronavirus crisis. Previously, the issuer announced that Biz Platinum cardholders would get a £250 statement credit, and now, there is £550 worth of additional statement credits that are available.

The new offers come in the form of Amex Offers — four of them to be exact.

Related: Credit card review: The Business Platinum Card from American Express UK

The first new offer for Biz Platinum cardholders comes from Dell. With the offer, cardholders will get a statement credit of £150 when you spend £150 or more with the technology company at dell.co.uk/amex. You must spend the full £150 on purchases in order to trigger the £150 statement credit. This particular offer expires on 27 August 2020.

The second new offer comes from Currys PC World, Carphone Warehouse, Google Store and O2 Business. Instead of a single statement credit, with this offer, cardholders will get 10 £20 statement credits on online purchases of £20 or more at any of the participating retailers.

This second offer runs through 31 December 2020, and when maximised, would total £200 in potential savings. Each of the participating retailers has terms and conditions for what purchases are eligible for the statement credit, so it’s worth reading the fine print before making a purchase as part of this offer.

The third offer from Amex for Biz Plat cardholders comes from delivery service FedEx. With the offer, cardholders can get six statement credits of £25 on purchases of £25 or more. The offer runs through 31 December 2020 and represents a potential savings of £150 when maximised.

Finally, the fourth offer is for Dropbox. With it, you can receive 40% back on Dropbox online. You can get up to £50 in statement credits, and the offer is valid until 28 November 2020.

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For each of the four new offers from Amex, you must register separately. So, if you want to take advantage of the Dell offer, you must register your Business Platinum card to that specific offer before spending to trigger the statement credit. The same can be said for the two additional offers. Be sure you’ve correctly saved each of the four offers before attempting to make purchases that will trigger the statement credits. Also be sure to use the registered card to make the purchase.

Ultimately, if you’re a small business owner who frequently makes purchases with Dell, Currys PC World, Carphone Warehouse, Google Store, O2 Business and FedEx, these new offers are a no-brainer. Additionally, if you make business-related purchases that could be done with these retailers instead, it could be worth switching your purchases to take advantage of these savings.

If maximised, you could be looking at £550 in total savings. Be sure, however, that you’re reading the terms and conditions of each offer to ensure that your purchase from the retailer is eligible for this specific offer.

On top of these offers, Amex previously announced that it would be giving Biz Platinum cardholders a £250 statement credit. Cardholders with an account renewal between 1 January and 31 December 2020 will be eligible for the one-time £250 statement credit. The credit will be applied to the eligible account after card renewal, meaning you’ll have to pay the £595 annual fee before you can get the £250 statement credit.

In total, with all of the potential statement credits, Amex is offering Biz Platinum cardholders £750 in savings — more than the card’s £595 annual fee.

The Business Platinum Card comes with a welcome bonus of 40,000 Membership Rewards points after spending £6,000 in the first six months. The card comes with up to 54 days payment period on purchases, unlimited supplementary cards and several travel-related benefits. It comes with a £595 annual fee.

Earlier on Thursday, Amex unveiled that cardholders of the personal Platinum Card from American Express were eligible for up to £100 in savings on purchases.

Editor’s note: This story has been updated to include the Dropbox offer.

Featured photo by stevecoleimages/Getty Images.

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