American Express Platinum 75,000 Points + 20% Credit On Restaurant Spend (Max $300) + 10x Grocery/Gas

Update: you can alternatively get 100,000 + 10x instead of 75,000 + $300 + 10x. 

The Offer

Direct Link to offer

• American Express is offering a new sign up bonus on the Platinum personal card, as follows:
  • Get 75,000 points signup bonus when spending $5,000 within 6 months.
  • Get 20% back as a statement credit when you make a purchase at restaurants worldwide within the first 12 months of Card Membership, up to $300 back.
  • Get 10x Membership Rewards points on Grocery and Gas purchases during the first 6 months of card membership, up to $15,000 in purchases; that’s 9x bonus on top of the regular 1x earn.

This offer is showing on the Resy website (restaurant reservation app), but the 20% credit is showing for any restaurant spend, unrelated to using Resy.

 

Card Details

• Annual fee of $550 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 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
• Internet Access:
  • Unlimited Boingo internet access
• SPG gold status (this will also give you Marriott Gold status)
• Hilton gold status
• Fee Credit for Global Entry or TSA Pre✓
• No foreign transaction fees
• View these other hidden benefits
• You can only get the sign up bonus on American Express cards once per lifetime.

Our Verdict

This is absolutely a terrific deal for many people who will be able to use the $300 in credits and who will be able to use much of the 10x grocery/gas allotment. Standard bonus on the Platinum card is 60,000; this offer bumps that to 75,000, adds $300 in restaurant credits, and adds the 10x grocery/gas deal.

Maxed out, you can get an extra 135,000 points from the gas/grocery bonus (9 x 15,000)! Even if we figure you wouldn’t have used a card that earns 1x; let’s figure you would have earned 4x (or the equivalent in another points currency), that’s still an extra 6x which is 90,000 points when maxed out.

Even if you won’t be able to use much of the 10x grocery/gas, it still could make sense if you can max out the $300 restaurant credit (requires $1,500 in restaurant spend): the 75,000 + $300 restaurants + some small amount used on grocery/gas is still a good deal.

And of course you’ll also get the $200 airline incidental credit (twice during the first year), $200 in Uber credits each year, the twice-annual $50 Saks credit (three times during the first year), and the tail-end of the $20 wireless and $20 streaming credits for the months of November and December.

Personally, I’d be very interested in this offer if I never had the Platinum bonus before. I’d probably wait a few days before applying since last time Resy came out with an offer, it was quickly matched with (non-Resy) offers that were just as good.

If you’re thinking of applying, make sure you read these things everybody should know about American Express cards first. There’s also a new Resy offer on the Amex Gold card. Amex does not officially match bonuses, but often does extend courtesy credits. 

Hat tip to DDG