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The American Express Business Platinum Card is offering a significant welcome bonus of 150,000 Membership Rewards points for new cardholders who meet the spending requirement of $20,000 within the first three months. According to The Points Guy, this bonus can be valued at $3,000 if redeemed effectively.
This card targets businesses with high spending but provides strategies for others to achieve the spending goal. Suggestions include funneling all expenses through one card, prepaying bills like utilities or insurance, and adding authorized users whose spending contributes to the requirement.
Other methods involve paying taxes or rent using a credit card, though these often incur fees. "If you were to pay $20,000 in taxes with this method, you'd pay $364 in fees," which might still be worth it given the value of the bonus. Plastiq is another option that allows payments by card even when vendors don't accept them directly.
