Increased Amex Platinum Business 100k: Good or Bad Deal? – Ask Sebby

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27 comments

louis ramos September 5, 2019 - 9:02 pm

1st

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Justin Williams September 5, 2019 - 9:03 pm

OOOOO LETSSSSS GOOOOO SEBBBBBBBB🤙🤙🤙🤙🤙🤙🤙🤙🤙🤙🤙🤙🤙🤙 #SEBBYNATION

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Rondo392 September 5, 2019 - 9:03 pm

Really not worth it if you don’t really have a business

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Champ September 5, 2019 - 9:05 pm

“Traunch”. You’re such a nerd bro 🤣🤣🤣

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Darius G. September 5, 2019 - 9:11 pm

Definitely not worth it for me. I’m in the early game and I’m still building my foundation. I can’t wait to see if/when a personal card gets a sign up bonus increase. Thanks for the video

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Habeeb Mukasa September 5, 2019 - 9:14 pm

Interesting and cool video. I was targeted for Biz Platinum, i nearly discarded the email. The offer was 50k for $5k spend and then an extra 25k for another $5k spend in 3 months.. I took that offer.

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Waller’s Wallet September 5, 2019 - 9:26 pm

These multi-traunch offers look to be becoming more of the norm. Smart move from the banks.

Too high if a spend for me. And for that reason, I'm out ✌️

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Đạt Nguyễn September 5, 2019 - 9:36 pm

Hey, I just got approved for the Chase Freedom Student credit card even though I’m way passed 5/25. I was standing at 7/24 and after the approval, now it’s 8/24. My credit wasn’t that high either. According to chase credit journey score, it was 692 at the time of the application

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Angela Barker September 5, 2019 - 10:09 pm

Are chase cards equivalent to Amex points?

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Gary Blouin September 5, 2019 - 10:58 pm

If you can do the spend, probably worth it … but it's a lot of spend. For someone with less spend and not a business, I think I would do the Personal American Express Platinum with a 100K sign-up bonus and if I could swing the business spend, get the Business American Platinum factoring in the total annual fee between the two cards. I dunno though … haven't given it much thought.

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Casey Mugar September 5, 2019 - 11:04 pm

Curious, with this new 100K SUB, did they get rid of the 100K/10K option?

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cleverman86 September 6, 2019 - 12:02 am

I called Amex three months ago and they offered me 100k pts after $10k spend for the Amex Plat Business.

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Rolo555 September 6, 2019 - 12:21 am

Sebby, it's time for you to get a different colored shirt.

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SolidLiquidFox September 6, 2019 - 12:22 am

Good PSA type video. Some people need to be reminded not to overreach in this hobby. Unless someone has some serious spend outside of the norm like a home remodel or something like that this offer is easily a pass.

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How To Get An 800 Credit Score LLC September 6, 2019 - 2:03 am

Great video

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Aleric Heck September 6, 2019 - 2:52 am

This is perfect! Maxed out BBP $50k 2x spend so now time to lock in 100k points on Biz Plat. Thanks Sebby! 👍

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Girish Kumar September 6, 2019 - 3:14 am

👍🏼 I like content like this..

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Jack Hake September 6, 2019 - 3:47 am

You at fincon and cardcon? Seems like your thing

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Ask Sebby September 6, 2019 - 11:09 am Reply
Chris Chiappetti September 6, 2019 - 5:26 pm

My question for you today is: Why did you start saying “It is Sebastian from AskSebby” on Aug 14th instead of “It’s Sebastian from AskSebby.” That’s the piece of information I really need to know today.

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Mr. Berry September 6, 2019 - 10:52 pm

Not worth it if you don't fly once a month minimum.

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node September 7, 2019 - 3:24 am

I'm getting 60k/50k for a total of 110k… But too bad I already have this card.

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wannabe DAL-ADX September 7, 2019 - 9:27 pm

I totally agree with doing video's like this, especially if you don't think cards (and certain offers) don't makes sense. I am here because of HOW you think and the analysis you provide. Generally agree that this offer doesn't make sense for most small businesses.

I agree most people who make this comment, that multi-level bonus spends are becoming more common. I think it is for higher end cards. 2 big examples are the Chase World of Hyatt or IHG Premier card.

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Jesus Dominguez September 9, 2019 - 9:54 pm

Hello Sebby,

I have a question in regards to credit cards that offer 0% APR.

I’m starting a new business and need some small capital $3,500 to be exact to get things going.

If I make all my purchases with a credit card that offers 0% APR does this mean that when my statement comes I only have to pay my minimum balance?

If I only pay my minimum does that mean I wouldn’t have any interest the following month? & I would be fine as long as I pay all that debt at the end of the credit card terms?

I’ve never carried any debt on my cards so I don’t know how this works.

Appreciate your help!

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Samuel Sze October 6, 2019 - 7:48 am

I think one other edge case where this maybe makes sense is: you are mid to late game and are buying some time while waiting to get under 5/24… Thats kindof my case right now – at the high level of requirements, it seems like this minimum spend could take up at least the 3 months to hit, even using plastiq, but the plus is: being a business card, it doesnt add to 5/24, and thats 3 months of downtime from applications while you wait for a 5/24 slot, you basically can get 4 MR points per dollar on all spend, theres the dell credits, plus theres a wework benefit which is going away end of december…

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uncle tom January 3, 2020 - 4:45 am

Thanks … lots of info.

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Mingzi Wu March 9, 2021 - 4:39 pm

Hi, can I use this card to buy my business related stuff?

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