Time to decide should I keep my American Express Platinum Business Card

American Express

For Annual Membership Fee of $450 – Should I keep my American Express Platinum Business Card?

What I like?

Occasionally the card offers special benefits on the merchants that I like, so I can benefit for extra membership rewards or saving from statement credit.

For examples:

My wife loves to shop at Neiman Marcus and it always offers 2x membership rewards until year end.  In addition, she can earn incircle points for Neiman Marcus.  This is a double win.

We are shopping for an entry lighting for our home.  American Express offers a $20 statement credit for shopping at lampsplus.com until October 31, 2016.  It means we will get a $20 discount if we purchase through Lamps Plus.

American Express Benefits

American Express Benefits

We love to be a smart shopper.

What I do not like?

American Express Platinum Business card offers $200 travel credit every year.  I do not like the travel credit designated for a specific airline and limit the flexibility compare to other cards on travel credit.

The membership rewards bonus and statement credits benefits that I mentioned above require you to add the offers into your card in order for you to benefit on the offers.  American Express company should make it as an automatic offer attached to the card so I can save the trouble to add them to the card.

The American Express bonus offer is one per life time.  In another word, if you close it and you won’t be qualified for future bonus.

I think I will try to close it and see will they offer me any retention bonus.  Will let you know more next month on my decision to keep it or not.


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