Restaurant reservation website Resy has what I would call a show-stoppingly good offer out on the Amex Platinum Card. This one is compelling if you are eligible as I’d say it is arguably the best offer I’ve ever seem on the Platinum card.

The Offer & Key Card Details

For more information and to find application links, click the card names below to go to our dedicated Frequent Miler card pages.

Quick Thoughts

This offer is downright amazing in my opinion. The Platinum card is always a strong value in the first year, but this new offer takes it to another level entirely, particularly if you’re able to snag it before the end of the year. For the $550 annual fee, look at all you get in the first 12 months between introductory bonus stuff as outlined above and normal benefits assuming you apply this month:

  • 75K points after $5K in purchases in the first 6 months
  • Up to $300 back in statement credits for restaurant purchases (20% back at restaurants worldwide for the first 12 months up to $300 back)
  • Up to $400 in airline fee incidental credits ($200 each calendar year; apply now and you can get this $200 before the end of this year plus another $200 in credits next year)
  • Up to $200 in Uber credits over the next year ($15/mo and $35 in December)
  • Up to $150 in Sak’s 5th Ave credits ($50 between January and June and $50 between July and December; apply now and use the credit once before the end of this year and then twice next year)
  • Up to $40 in wireless services credits ($20 in November and $20 in December 2020 due to temporary COVID enhancements)
  • Up to $40 in streaming services credits ($20 in November and $20 in December 2020 due to temporary COVID enhancements)
  • 10x at US Gas Stations and US Supermarkets for the first 6 months on up to $15K in purchases

Again, that is show-stoppingly good. That is a total of up to $1,130 in statement credits aloneOn top of the bonus points. And the 10x categories. Wow!

If you were able to do the entire $5K spending requirement at US gas stations and US Supermarkets in the first 6 months, you’d have a total of 125,000 points after minimum spend. That is fantastic — and again, that’s on top of over a thousand bucks in statement credits (which I should note clearly isn’t worth a full thousand dollars since you may not be able to use all of the credits or may not naturally use them). Even if you only get half the value out of the statement credits, it effectively wipes out the cost of the annual fee for the first year.

And all of that is to say nothing about standard Platinum card benefits like Hilton Gold status, Centurion lounge access, Delta Sky Club access when flying Delta, Airspace lounge access, National Executive status, access to Amex Fine Hotels & Resorts, and more. If you value any of that stuff, it’s just icing on the cake.

In terms of the value of the points, you can get incredible value with the many Amex Membership Rewards sweet spots. Obviously premium cabin international travel is a pipe dream at the moment for most of us, but if you have faith that the world will eventually get back to normal, these points could be hugely valuable. A couple of examples of great uses if you were able to put together than 125K points referenced above:

  • Round trip first class ticket to Japan on ANA booked via Virgin Atlantic (110K total points from the west coast or 120K from the east coast)
  • Round trip business class travel to Europe:
    • 34K each way for New York, Boston, or Chicago to Madrid in off-peak season via Iberia (68K round trip)
    • 88K round trip Star Alliance business class from the US to Europe via ANA
    • 50K each way for Delta business class to Europe via Virgin Atlantic (100K round trip)
  • Round trip business class travel to Asia:
    • From 75K round trip on ANA to Japan or 90K-95K round trip to most of Asia on Star Alliance partners
  • Round trip business class to Australia
    • From 120K round trip using ANA
  • Round trip business class to Africa
    • 105K round trip on Star Alliance booked via ANA

And beyond all that, you could book a pretty terrific round-the-world business class trip on Star Alliance via ANA for 115K-125K with stops in up to 8n cities (note that this can cost more or less depending on distance / routing). And then you have some of the sweet spots of the new Aeroplan. Again, see this post for Membership Rewards sweet spots information about all of the above.

Honestly, I think the 75K offer would be amazing whether paired with the restaurant statement credits or with the temporary 10x bonus categories. Getting both is what makes this offer kind of nuts. People sometimes get targeted for a 100K offer on the Platinum card, but as shown above, if you’re able to do even just $5K in the 10x bonus categories, you’re well ahead of that offer. If you’re able to max out the full $15K at US Supermarkets and US Gas stations, you’d have at least 225,000 total points ($15K x 10x = 150K plus 75K welcome offer = 225K…

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