Amex Corporate Platinum Offer: Get 1 Lakh Points on Spending Rs.40 Lakhs & more

Amex Corporate Platinum Offer: Get 1 Lakh Points on Spending Rs.40 Lakhs & more
American Express has recently launched aggressive offers on their corporate/business cards to boost business card spends. This comes at a time when businesses are recovering from the impact of Covid-19. The latest offers on American Express Corporate cards, effective from April 1, 2021, are as follows: Table of Contents - Spend Linked Offer - Accelerated Rewards - Bottomline Spend Linked Offer: - Offer: Spend 40 Lakhs & get 1 Lakh points - Offer Period: April 2021 to Dec 2021 This offer is applicable to those who applied and got approved for the American Express Corporate Platinum on or after April 1, 2021. By achieving the spending target, this offer effectively doubles the reward rate. Normally, Amex Platinum gives 2.5 Reward points on Rs.100 spend, but with this offer, you get 5 Reward points on Rs.100 spend. So, by spending 40 Lakhs INR, you can earn 2 Lakh points (1 Lakh regular points + 1 Lakh bonus points), resulting in a reward rate of approximately 2.5%. Accelerated Rewards: - Offer: 2X rewards on select type of spends - Type of Spends: Amazon, Flipkart & foreign currency spends - Max. Cap: 35,000 Points per month While this offer is not extraordinary, it is still beneficial for businesses that have these types of spends. However, for foreign currency spends, using Amex corporate cards may result in a loss. It is encouraging to see American Express showing increased interest in the Corporate Credit Card segment. Hopefully, we will see more such offers on business cards in the future, as this segment remains untapped for card companies. The Covid-19 pandemic delayed the expected growth of this segment in India, but we can anticipate promising business credit card products by 2022. What are your thoughts on these new Amex Corporate Card Offers? Share your opinions in the comments below. Download Credwise on the App Store or Google Play Store now to receive the latest deals tailored to your cards! Want to learn about Finance, Investing, and much more!, Checkout our partner blogs.