NEW: Get £300 to spend at Indeed each year with American Express Business Platinum

American Express Business Platinum has launched a new cardmember benefit.

Effective immediately (once opted in). cardmembers will receive £300 per year to spend with online recruitment site Indeed.

The deal is scheduled to run until at least the end of 2026 so you could receive up to £1,050 in cashback.

You can find out more details about, and apply for, American Express Business Platinum here.

How does the uk.indeed.com credit work?

Your £300 of annual statement credit is in the form of 4 x £75 quarterly credits. These are based on calendar quarters, so the first covers registration to 30th September 2023.

You will be reimbursed 100% of the money you spend at Indeed and charge to your Business Platinum card, up to the quarterly cap of £75.

Spend is NOT rolled over if you do not use it in a particular quarter – use it or lose it.

You MUST register for the deal under the ‘Offers’ section of your American Express Business Platinum online statement or in the Amex app. You only need to register once and you are done until the end of 2026.

What other benefits do you get with Business Platinum?

Here is a quick reminder of the other benefits of getting the card:

Get 40,000 Membership Rewards points as a sign-up bonus

New cardmembers receive 40,000 Membership Rewards points as a sign-up bonus on American Express Business Platinum.

You need to spend £6,000 within three months to trigger the bonus

Once you’ve spent £6,000, you receive 40,000 American Express Membership Rewards points which convert into:

• 40,000 Avios
• 40,000 Virgin Points
• 40,000 Emirates, Etihad, Flying Blue, Asia Miles, Delta, Finnair, Qantas or SAS miles
• 26,666 Singapore Airlines miles
• 80,000 Hilton Honors points
• 60,000 Marriott Bonvoy points
• 120,000 Radisson Rewards points
• 2,666 Club Eurostar points

….. and many other non-travel rewards.  I wrote this article on the most valuable Membership Rewards redemptions.

It is easier to qualify for the sign-up bonus on the Business Platinum card than the personal Platinum Card.

To get the 40,000 Membership Rewards points on signing up, you only need to have gone 13 MONTHS without any American Express card (personal or business) which earns Membership Rewards points.  The personal Platinum Card requires you to wait 24 months.

£200 to spend at Amex Travel – EVERY year

In 2022, American Express added a £200 Amex Travel credit to the benefits package.

Importantly, you receive this credit EVERY membership year. It isn’t a one-off.

You will receive an annual £200 of statement credit against £200 of charges from Amex Travel.

The only catch is that the £200 must be spent in a single transaction. If you use it against a hotel booking, it will need to be pre-paid and therefore will not qualify for elite status benefits or hotel loyalty points.

£150 to spend at Dell – EVERY year

You receive £150 credit per year to spend with Dell.

No minimum spend applies but the credit is split into two parts. You can earn £75 cashback between January and June and £75 cashback between July and December.

Even if you don’t use Dell computers you can still (as we do) use it for a spare mouse, a spare power cable, a laptop bag or another accessory.

Up to 120,000 annual bonus points based on spend

You will earn an extra 10,000 Membership Rewards point bonus in every month where you spend £10,000+.

There is cap of 120,000 bonus points each year. If you can reach that, even in the worse case scenario – ie you convert them via Avios into Nectar points worth 0.66p each – you’re getting £800 of extra value each year.

£10,000 per month may seem a lot but there are lots of small companies – primarily those who do lots of Google and Facebook advertising – who spend this easily.

Other benefits

Let’s look at what else you get for your £650 annual fee:

You will receive a complimentary Priority Pass card.  Priority Pass is a network of 1,300 airport lounges across the world, including seven in London Heathrow.  This includes the Club Aspire and Plaza Premium lounges in BA’s Heathrow Terminal 5.  Your Priority Pass allows an unlimited number of free visits to their lounges.  You can also bring in a guest for free.

You can also give a Priority Pass card to a second person by allocating your one free Supplementary Platinum Business card to them.  If this is your partner or spouse, you would both be able to get into the lounge for free and each bring in a free guest so a family of four is covered.  Additional guests would be charged at £20 each.

You can also access American Express Centurion lounges with a guest, including the new Centurion Lounge in Heathrow Terminal 3.

You will receive comprehensive travel insurance – you can take a look at the policy document here (PDF).

You will receive Gold status in the Marriott Bonvoy hotel loyalty scheme.  This will give added benefits at Marriott, Renaissance, Sheraton, Westin, W, aloft, St Regis, The Ritz-Carlton, The Luxury Collection etc properties – over 30 brands in total.

You will receive Premium status in the Radisson Rewards hotel loyalty scheme.  This will give added benefits at Radisson Blu / RED, Park Plaza and Park Inn hotels.

You will receive Gold status in the Hilton Honors hotel loyalty scheme.  This is the best mid-tier hotel status to have, because you get free breakfast with it.  You will get benefits at Hilton, Waldorf Astoria, Hampton, Curio etc.

You will receive Gold status in the MeliaRewards hotel loyalty scheme.  You will get benefits at Melia and INNSIDE hotels, with benefits including three 20% discount vouchers each year and ‘2 for 1’ breakfast.

You receive £150 or equivalent cashback when you book a onefinestay home rental.  You can use this benefit an unlimited number of times.  There are no ‘cheap’ properties with onefinestay, although your £150 credit could still get you a decent discount at lower cost properties.

You receive a free digital subscription to The Times and The Sunday Times.  This is worth over £300, and if you currently pay for this it is a huge incentive to take out the card.

You can access the Amex Fine Hotels & Resorts Programme.  This offers genuine added value benefits at a large number of luxury hotels across the world.  These include a GUARANTEED 4pm check-out, free breakfast, an upgrade if available at check-in and typically a $100 credit towards on-property spending.

There are also benefits with Avis Preferred and Hertz Gold Plus Rewards but these are, in all honesty, no better than deals that are generally available.

Card facts

Now let’s look at the card in more detail …..

The annual fee is £650, refundable pro-rata if you cancel.

(Important: whilst it will no longer be possible to get a pro-rata refund on personal credit cards from 2nd October, you will still be able to get a pro-rata refund on Amex charge cards like this one.)

You receive one free supplementary Platinum Card. Additional Platinum supplementary cards after the first free one are £295. Supplementary cards receive all of the benefits below, including the travel insurance, hotel status cards and Priority Pass, with the exception of the Dell credit, Indeed credit and the Amex Travel credit.  You can have free Gold supplementary cards for other employees but these do not come with any substantial benefits.

American Express Business Platinum is a charge card, not a credit card.  You must clear your full balance at the end of each month.

The card is metal.

You earn 1 Membership Rewards points on virtually every £1 spent on the card.  These convert 1:1 into Avios, Virgin Points and lots of other airline and hotel programmes, plus Eurostar points (15:1).  You can also redeem for various shopping vouchers.  You can see the redemption options on the Membership Rewards website.

What are the criteria for applying for Amex Business Platinum?

There is trading requirement.  You can apply even if you have just set up your business, as long as:

• The business has a current UK Bank or Building Society account
• You are aged 18 or over
• You have a permanent UK home address
• You have a personal income of £35,000

Sole traders are welcome to apply. You don’t need to have a limited company.

Conclusion

I admit that the new Indeed benefit is a marmite one.

If your business advertises for staff on Indeed then it is basically £300 of free money each year, and a very strong reason to apply for Business Platinum.

If, like Head for Points, you never use Indeed then it has zero value. That said, nothing has been taken away from the previous benefits package so existing cardholders like HfP are no worse off.

You can find out more about American Express Business Platinum, and apply, on the American Express website here. Note that the website has not yet been updated to reflect the new Indeed £300 annual benefit.

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Want to earn more points from credit cards? – April 2024 update

If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers:

SPECIAL OFFER: Until 12th May 2024, the Capital on Tap Business Rewards Visa card is offering a bonus of 30,000 points, convertible into 30,000 Avios. You must have a Limited Company to apply. Click here to learn more and click here to apply.

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.