American Express Offers New Travel Rewards for Platinum Cards
American Express enhanced the travel rewards program for its Platinum Card. Cardholders can now earn 5 points per $1 spent on AmEx’s travel website, or any flight tickets purchased directly through the airline. The reward changes will be applied automatically.
Changes will will not affect rewards earned for hotel purchases.
The company says they are making this change now because this is “the busiest travel time of the year.” However, some industry experts believe they may be doing it in an effort to compete with the Chase Sapphire Reserve card. Despite the hefty $450 annual fee that comes with Sapphire Reserve, many travelers have applied for the card because of its 100,000 points early spend bonus.
American Express spokesperson Charlotte Fuller said these changes were already in place before the Chase Sapphire Reserve card launched, emphasizing the company “add[s] a benefit once a year, sometimes more than once a year.”
American Express is also expanding the rewards program for Business Platinum Card Members. Business Platinum cardholders will now earn 50% of their rewards points back when using their points to book flights through select airlines on American Express Travel. Business cardholders will earn 1.5 points per $1 spent for any purchases of at least $5,000. In other words, a $5,000 purchase would produce 7,500 rewards points.