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I earned back my Amex Business Platinum annual fee...

After years of debating what can be the best business rewards card for me, I lastly determined to use for The Business Platinum Card® from American Express not too long ago.

I had hesitated earlier than due to the cardboard’s $695 annual charge (see rates and fees), however I made a decision to go forward with it due to an unimaginable welcome supply.

I figured I might pay the annual charge after which give myself a yr to see if I might benefit from sufficient of the cardboard’s many upscale perks, together with assertion credit for issues like Hilton stays (as much as $200 yearly), airline charges (as much as $200 yearly) and Global Entry or TSA PreCheck ($120 each 4years for International Entry or as much as $85 each 4 1/2 years with TSA PreCheck). Enrollment is required for choose advantages.

Relying on whether or not I might leverage these perks, I might resolve if it made sense to pay the charge for a second yr.

Seems I used to be in a position to recoup the worth of the annual charge with a single two-night keep at considered one of my favourite lodges on the planet, The Peninsula Hong Kong, because of one of many card’s money-saving advantages.

This is how.

ERIC ROSEN/THE POINTS GUY

Getting the Amex Enterprise Platinum Card

The Business Platinum Card from American Express is at present providing a two-component welcome bonus (you may earn one or each of those presents, which finish June 30):

  • Earn 150,000 factors after spending $20,000 on eligible purchases within the first three months of card membership.
  • Earn a $500 assertion credit score after spending $2,500 on qualifying flights booked straight with airways or via American Categorical Journey throughout the first three months of card membership.

That is a number of spending, however 150,000 American Express Membership Rewards factors are value round $3,000, in response to TPG’s May 2025 valuations. Throw within the $500 in assertion credit after the qualifying flight spend, and that is a whopping $3,500 in worth you can get only for assembly these minimal spending necessities.

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Past the welcome supply, although, I used to be each taken with and curious to know whether or not I might maximize the cardboard’s different ongoing perks, which embrace:

  • Annual airline fee statement credit of as much as $200 on fees by the airline you choose every calendar yr
  • Assertion credit for purchases made straight from any U.S. wi-fi phone supplier (as much as $10 per thirty days)
  • As much as $199 per yr in assertion credit score towards an annual Clear Plus membership for expedited airport safety (topic to auto-renewal)
  • Assertion credit score for International Entry ($120) each 4 years or TSA PreCheck (as much as $85) each 4 1/2 years
  • As much as $50 per quarter assertion credit score (so as much as $200 per yr) for eligible purchases made straight with a property within the Hilton portfolio (Hilton for Enterprise program membership is required)
  • As much as $200 assertion credit score semiannually (so as much as $400 per calendar yr) for U.S. Dell purchases
  • Complimentary Gold standing with Hilton Honors and Marriott Bonvoy
  • Entry to Amex Centurion Lounges, in addition to Delta Sky Clubs you can enter when you could have an eligible same-day flight on that airline (as much as 10 instances per yr, until you spend $75,000 on purchases), Priority Pass lounges (excluding restaurant places), Escape lounges and Lufthansa lounges when you could have a same-day flight on that airline
  • Cellphone protection*, for a most of $800 per declare with a restrict of two accredited claims per 12-month interval
  • Entry to the Cruise Privileges Program and the International Airline Program
  • A 35% airline bonus whenever you use Pay with Points to cowl a first- or business-class ticket on any airline or an financial system ticket on one airline of your alternative (as much as 1 million factors again per calendar yr)

Enrollment required for some advantages.

*Eligibility and Profit stage varies by Card. Phrases, Situations and Limitations Apply. Please go to americanexpress.com/benefitsguide for extra particulars. Underwritten by New Hampshire Insurance coverage Firm, an AIG Firm.

I journey so frequently and extensively that I knew I’d haven’t any drawback leveraging the overwhelming majority of those perks. Nevertheless, it does take some group to make sure you’re getting the complete worth of all these quarterly, semiannual and annual assertion credit.

Amex Fantastic Inns + Resorts perks with the Amex Enterprise Platinum

The one profit I used to be actually hoping to take for a take a look at drive was American Express Fine Hotels + Resorts, which you should utilize for reserving choose taking part properties as an Amex Business Platinum Card member.

Amex Fantastic Inns + Resorts reservations include every kind of advantages in and of themselves, together with:

  • Midday check-in, when out there
  • Assured 4 p.m. late checkout
  • Room improve upon arrival, when out there at check-in (properties might exclude some room sorts, and a few might solely provide you with a room with a greater view)
  • Each day breakfast for 2 individuals
  • Complimentary Wi-Fi (when a property consists of Wi-Fi in a mandatory resort fee, you will obtain a day by day credit score equal to the Wi-Fi price)
  • Expertise credit score (the expertise must be valued at $100 or extra and often consists of a property, eating or spa credit score)

I frequently keep at lodges within the Fantastic Inns + Resorts portfolio, so I assumed that this one profit could be the principle device I might use to get sufficient worth from my card to justify its steep annual charge. By making an attempt it out on just a few stays, I might see if I used to be popping out forward.

Because it turned out, only one lodge keep was sufficient to offset the cardboard’s annual charge.

This is how a latest two-night keep at The Peninsula Hong Kong acquired me over $800 in worth and cemented the Amex Enterprise Platinum as a fixture in my pockets.

ERIC ROSEN/THE POINTS GUY

Amex Fantastic Inns + Resorts perks and financial savings at The Peninsula Hong Kong

I took a latest journey across the globe that had me stopping in Hong Kong for just a few days. It is considered one of my favourite cities on the planet, thanks in no small half to what number of fabulous luxurious lodges can be found there.

ERIC ROSEN/THE POINTS GUY

Among the many most storied of them is The Peninsula Hong Kong, which initially opened its doorways in 1928, turning into one of many world’s most well-known lodges.

On my very first journey to Hong Kong, after I was simply 11 years outdated, my mom took me to The Peninsula Hong Kong for its legendary afternoon tea, and I nonetheless keep in mind the lavish unfold of pastries, the classical stay music and the awe-inspiring foyer lounge.

Since then, I’ve had the prospect to remain on the lodge just a few instances, however this is able to be the primary time I’ve booked it utilizing Amex Fantastic Inns + Resorts.

ERIC ROSEN/THE POINTS GUY

I rigorously tracked the value-added perks I loved because of reserving via Fantastic Inns + Resorts. This is how they added up.

Room charge rebate: $320

On the time of my journey in March, the lodge was providing 25% off charges for traditional rooms. As a substitute of paying $690 per night time for the standard deluxe room, my charge got here to simply $530 per night time. That meant a financial savings of $320 on a two-night keep.

A 2-category room improve: $460

After I checked into the lodge, the agent who assisted me — and principally acted as my private concierge all through my keep after that, arranging restaurant reservations on the lodge and out within the metropolis, amongst different particulars — knowledgeable me that, because of my Fantastic Inns + Resorts reserving, I had acquired a two-category room improve to the grand deluxe king room class, which might have price $230 extra per night time (it was not out there on the 25% low cost).

That meant I loved barely extra spacious lodging (about 20 sq. toes greater than an entry-level deluxe room), plus the next flooring location and higher metropolis views. After all, one of the best rooms on the lodge have harbor views, however the panorama of Kowloon’s skyscrapers and hills via my home windows was nonetheless improbable.

The room itself was additionally fairly elegant, with a toned-down palette of cream, taupe, bronze and brown, a welcoming king-size mattress that appeared out towards the window and a big leisure system. Like different Peninsula properties, the Hong Kong outpost additionally featured Peninsula-branded in-house expertise, akin to tablets that management all of the room capabilities.

I particularly cherished the basic (and palatial) white and inexperienced marble lavatory with its monumental soaking tub. It got here full with an in-wall TV, twin sinks — one at both facet of the room — and custom-blended bathtub merchandise from native parfumier Angel Cheung.

Each day breakfast for two: $260

Amex Fantastic Inns + Resorts bookings embrace complimentary day by day breakfast for 2.

At The Peninsula Hong Kong, breakfast is served within the sunny Verandah restaurant (with spillover into the Swiss-themed Chesa restaurant that’s adorned like an Alpine chalet) and consists of an in depth buffet of Western, Japanese and Chinese language dishes, plus made-to-order omelets and all-you-can-drink espresso and tea choices.

The lodge usually fees $65 per particular person, per day for breakfast, so my two morning visits with a buddy equated to a whopping $260 in worth.

Dinner at Felix: $100

I might have used my $100 on-property expertise credit score on the lodge’s varied eating places or spa. In the long run, my devoted concierge was in a position to safe me a desk on the top-floor restaurant, Felix, with prime harbor views.

The menu options modern European delicacies with heavy Mediterranean influences. For my dinner, I attempted a wealthy however delicate starter of Japanese king crab with avocado puree and a fragile coriander tuile, adopted by hearty lamb from France’s Aveyron area with spring greens and herbaceous za’atar sauce as my entree. To conclude the meal, I ordered the signature deconstructed Hong Kong milk tea dessert, which was creamy and light-weight.

My invoice, which additionally included two glasses of wine, got here to round $230, however because of my Fantastic Inns + Resorts credit score, I saved $100.

My grand whole in financial savings: $1,140

All advised, I calculated my value-added advantages resulting from reserving via Amex Fantastic Inns + Resorts at $1,140. That comes with just a few caveats, although.

First, I in all probability wouldn’t have paid the upcharge to the grand deluxe room, contemplating how excessive that will have been with my low cost. These rooms generally are simply $60 to $100 extra per night time than normal deluxe rooms, so the improve worth was inflated by the 25% low cost I used to be in a position to take pleasure in on my reserving. Nonetheless, that 25% was a number of financial savings, and it was additionally out there for a good portion of the yr.

ERIC ROSEN/THE POINTS GUY

Second, although I did save $100 on my dinner, the general invoice was nonetheless costly, at greater than $200 for a single particular person, so this profit solely turns out to be useful when you’re splurging anyway.

Lastly, lodge breakfast costs are typically comparatively excessive, and you may take pleasure in loads of nice Hong Kong breakfast spots for less expensive than $65 per particular person. So, when you are inclined to skip breakfast, that may not turn out to be useful.

ERIC ROSEN/THE POINTS GUY

Nonetheless, for my wants, I felt like I acquired super worth from this single Fantastic Inns + Resorts reserving. I will attempt to do the identical on different stays all year long.

Different facilities at The Peninsula Hong Kong

My keep at The Peninsula Hong Kong this time was quick, however hopefully I will get again there once more quickly. I like the lodge and its many facilities, so right here are some things it is best to attempt to expertise there when you get to remain.

The Peninsula Hong Kong’s tony afternoon tea continues to be the stuff of legend, happening in its ornately gilded foyer with stay music drifting down from the minstrel’s gallery, so you should definitely e book a desk and settle in for fairly the afternoon affair.

ERIC ROSEN/THE POINTS GUY

The lodge’s many eating places are every value a go to. My favourite are Gaddi’s, which is within the former grand ballroom and has a Michelin star because of chef Anne-Sophie Nicolas’ meticulous French delicacies (be looking out for the well-known Christofle silver duck and lobster press); and Spring Moon, additionally with a Michelin star, for luxurious Cantonese banquets in an area that seems like an emperor’s summer time palace.

A dip within the lodge’s sprawling indoor pool seems like swimming at Hearst Citadel, because of the Greco-Roman theme and incomparable harbor views.

In the meantime, there’s additionally an in depth health middle with locker rooms that includes saunas, steam rooms and bathtub circuits.

The hushed spa presents therapies incorporating all-natural Irish Voya merchandise and Margy’s Monte Carlo skincare line.

In case your price range permits, there isn’t any expertise like being chauffeured in one of many lodge’s bespoke Rolls-Royce Phantoms — within the lodge’s signature inexperienced colour, in fact — on non-public drives via town or to and from the airport (transfers price round $200 every method).

ERIC ROSEN/THE POINTS GUY

Though Fantastic Inns + Resorts bookings embrace availability-based midday check-in and assured 4 p.m. late checkout, the purpose is just about moot at The Peninsula since Peninsula Inns supply a “Peninsula Time” profit the place you may verify in as early as 6 a.m. and take a look at as late as 10 p.m., relying in your specific journey plans.

ERIC ROSEN/THE POINTS GUY

Lastly, The Peninsula is famend for its service — simply image these white pillbox-hatted doormen — and my keep proved the rule. Not solely was I greeted by identify by virtually each employees particular person I met, however all I needed to do was ask for assist with all the things from restaurant reservations to museum tickets to recommendations for a cheap foot therapeutic massage on close by Nathan Street. Briefly, I felt taken care of however not chaperoned, and it created a balanced and exquisite sense of hospitality.

ERIC ROSEN/THE POINTS GUY

Backside line

The Peninsula Hong Kong continues to be considered one of my favourite lodges on the planet, even in spite of everything these years, and my latest keep there was simply one other fantastic reminiscence I will have of the property.

What made it even higher was the truth that I acquired properly over $1,000 out of my keep by reserving via American Categorical Fantastic Inns + Resorts with my new Business Platinum Card from American Express.

After all, you need to be staying at costly luxurious lodges and spending cash on issues like meals and spa therapies with a purpose to maximize the advantages of the Amex Fantastic Inns + Resorts program. But when that matches your journey wants, then there isn’t any query you may reap tons of of {dollars} in worth out of each lodge keep you e book via this system.

For charges and charges of the Amex Enterprise Platinum, click on here.

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