UPDATE #2: Cost is up. Looks like minimum spend didn’t go up. Card now includes a better version of Priority Pass.
UPDATE: Some applications (French) are already showing the increased $499 fee. The application on this page does not currently. The increase in minimum spend may not be correct – we should know more shortly.
According to Reddit, the American Express Business Platinum card’s annual fee will go up from $399 to $499 tomorrow. Further, the sign-up offer, which is currently 75,000 points for $5,000 of spend within three months, will go up to $50,000!
This is the largest sign-up bonus in Canada. 75,000 AMEX points converts instantly to 75,000 Aeroplan points, which is enough for a round-trip ticket in coach to Eastern Europe, or a one-way Business Class ticket to Asia.
If the minimum spend requirement goes to $50,000, this card essentially becomes worthless to the average credit card churner.
You can open a business credit card even though you don’t operate a business – you can apply as a sole proprietorship using your full name as the business name.
This is the best credit card deal in Canada, and you may need to apply today to qualify.
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