Back in April, American Express announced that the Business Platinum ‘s 50% Membership Rewards points back posting (after you use the Pay With Points feature on selected airline or First Class airfare) would move from a speedy 24 hours to an extended 6-10 weeks!
I wish that was the only devaluation that American Express announced that month…
We thought that was bad, until we heard another announcement from our friends at Amex that the 50% rebate would turn to just 35% as of June 1st!?
Any Good News?
While we were all bummed on the 50% to 35% devaluation, some of us (including myself) caught a break in that “New” Business Platinum cardholders (new, meaning customers who signed up October 5th through May 31, 2017) would continue to receive the 50% rebate for a full cardmember year.
Delayed Bonus Rebate Timing
While I avoided the rebate decrease (for now), it seems that the delay in timing of the rebate posting is already in effect. Here is a flight I booked using the pay with points option back in March, BEFORE the Amex announcement:
Note the redemption and rebate posting dates – just 24 hours!
Now take a look at another flight I booked with the pay with points option AFTER the Amex announcement:
That’s a 5/5/17 redemption and a 6/5 rebate… a full month!
Definitely a delay compared to March, but to take a glass-half-full approach (more like glass-quarter-full), the rebate points took just 1 month to post – compared to the 6-10 weeks as advertised by Amex! Your experiences may vary here, so feel free to leave a comment with your timing!
American Express Business Platinum cardholders can still benefit from the pay with points rebate – though only “new” cardholders will enjoy the it at the historic 50% level. All you other folks will be stuck with a much less rewarding 35%… sorry, guys!
Additionally, ALL cardholders will experience the significant delay in that actual posting of the Membership Rewards rebate compared to the previous 24-hour timeframe… though it is possible that these points come a few days/one week prior to the 6-10 week timeline as advertised by Amex!
Not a cause for celebration, but some good information for those really itching to have that rebate post!
What has been your experience with the Amex Business Platinum pay with points % rebate devaluation? How long do your rebate points take to post?