[YMMV] American Express Platinum 125,000 Points + 10x Shop Small/Restaurant For 6 Months

Update: Better offer found – American Express Platinum 125,000 Points + 15x Shop Small/Restaurant For 6 Months (Resy Offer)

The Offer

Direct Link to offer (open incognito)

• American Express is offering a new sign up bonus on the Platinum personal card, as follows:
  • Get 100,000 points signup bonus when spending $5,000 within 6 months.
  • 10x points per $1 spent when you Shop Small in the U.S. and restaurants worldwide on up to $25,000 in spend within your first six months month

You can find which establishments are considered Shop Small using this map locator from AmEx. 

Card Benefits

• Annual fee of $695 is not waived the first year
  • Authorized Platinum cards are $175 for three user (then $175 per Platinum)
  • Authorized Gold cards are free
  • Full details here
• Card earns at the following rates:
  • 5x points per $1 spent on purchases made with airlines or with American Express Travel
  • 5x points per $1 spent on hotel & airline bookings made directly from the American Express travel website
  • 1x points on all other purchases
• $200 airline incidental credit per calendar year
• $200 Uber credit ($15 per month and additional $20 in December)
• Lounge access:
  • Centurion lounge access
  • International American Express lounge access
  • Delta SkyClub lounge access
  • Priority pass select membership
  • Airspace lounge access
• $240 digital entertainment credit. This is a credit of $20 per month and can be used on Peacock, Audible, SiriusXM and The New York Times.
• $200 hotel credit. This can be used on select prepaid bookings (Fine Hotels + Resorts^® and The Hotel Collection) when using American Express Travel
• $179 Clear credit
• $300 Equinox credit. This is a $25 credit each month
• Global Dining Access by Resy
• The Global Lounge Collection

Our Verdict

We’ve just seen American Express increased the annual fee to $695 from $550 and add some new benefits to the card. This offer is the same as the previous offer apart from those changes and the 10x is on Shop Small/restaurants instead of Gas & Grocery. Gas & Grocery are much better categories in my opinion but everybody is different. Hopefully people caught Chuck’s post yesterday warning of these changes.