How many Amex Platinum Welcome Bonbons can you get?
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Amex Platinum; Insider
- American Express will only allow you to earn the bonus on each of your cards once in your lifetime.
- The Platinum Card® from American Express
comes with 80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership. - You can only earn the bonus with this card once — but there are other Platinum cards that offer bonuses, too.
- Read Insider’s guide to the best American Express cards.
We receive many emails from readers asking for tips and tricks on how to use credit cards and travel rewards to the fullest extent. If you have a question you would like answered on the site, please let us know. send us an email.
American ExpressWhen it comes to opening cards and receiving welcome bonuses, there are some very specific rules. Here are some examples:
- Each card can only be awarded a once-in-a-lifetime welcome bonus.
- Only two cards can be applied for in one day
- You can only have five CreditCards at once (though cards without a spending limit are allowed). The Platinum Card® from American Express(Don’t count towards this number).
Reader John asks what happens if you decide to get more than one Amex Platinum Card. It’s no wonder, as the card currently comes with a public offer of 80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership.
Here’s his take:
Hi Joseph! Thank you for sharing your thoughts holding three Amex Platinum cards. I just upgraded my American Express® Gold Card
Amex Platinum will give you 100,000 points for every $6,000 spent within six months. I originally wanted the Platinum Card.®American Express for Charles Schwab. Are they similar? Amex offers only one welcome bonus per card per life.We are so grateful.
John’s brain is in a steel box match with Amex’s confusing terms of eligibility for the welcome bonus. Fortunately, he WillYou are eligible for the Amex Platinum Charles Schwab card’s welcome bonus. Let’s look at the situation. Amex is an Insider partner.
Insider’s Featured Credit Cards with Rewards
Unlimited 3x points on all restaurants, travel, gas stations or transit. Earn 1x points on all other purchases
Limited time offer of 30,000 bonus point when you spend $1500 in purchases within the first three months after account opening (offer ends 01/10/2023).
Earn 3x ThankYou® points at restaurants and supermarkets. Earn 3x ThankYou® points at gas stations, air travel, and hotels. Earn 1x ThankYou® points on all other purchases.
80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
Chase Ultimate Rewards offers 5x points on all travel purchases. Earn 3x points for dining, including eligible delivery and takeout services. Select streaming services earn 3x points Earn 3x points for online grocery orders (exclude Target, Walmart, and wholesale club). Earn 2x points for all other travel. Earn 1 point per dollar for all other travel.
You earn 60,000 bonus point when you spend $4,000 in the first three months after account opening
We are focusing on the perks and rewards that each card offers. If you have to pay interest or late fees, these cards will not be worth the cost. It is important to pay your credit card in full each month, make timely payments, and only spend what you are able to afford.
Are you eligible for multiple bonuses if you have more than one Amex platinum card?
The Platinum Card® from American Express
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Reward Program
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per $1 on all other purchases
The Platinum Card® from American Express
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Rewards
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per $1 on all other purchases
American Express’s website
Details
Reward Program
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per $1 on all other purchases
Annual Fee
$695
Check out the rates and fees
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Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Recommendation Credit
Good to Excellent
APR (Annual Percentage Rate):
Pay Over Time APR
Intro Annual Percentage Rate (APR)
N/A
Editor’s Rating
Our editors rate the most valuable credit cards by analyzing fees, bonuses, rewards, or other benefits.
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Pros & Cons
Highlights
Additional Reading
John already has The Platinum Card® from American Express in his wallet, and he’s thinking of adding another — the Amex Platinum for Charles Schwab. Let’s take a look at American Express’ welcome bonus rules and see if John is eligible.
Here are the verbatim terms of the Amex Platinum Charles Schwab credit card application page:
No welcome offer available to applicants who have received this Card in the past. When deciding whether you are eligible for the welcome offer, we might also consider how many American Express cards you have opened and closed.
This means that if you have already opened the card, the welcome bonus cannot be earned again.
However, American Express considers the Amex Platinum Charles Schwab card an entirely different product than the regular Amex Platinum card. Both cards are “Platinum” cards, but that doesn’t mean you can’t earn both bonuses. This holds true for all American Express cards. Take this example:
Amex’s terms & conditions state that if John opens the Amex Platinum to Charles Schwab, he will get his bonus. meeting minimum spending requirements.
Also, look out for “lifetime language” in the terms
John also mentioned that he received a bonus for upgrading his American Express® Gold Card to The Platinum Card® from American Express. Another important point is raised here.
For whatever reason, you may sometimes be targeted to apply for an American Express card you already have — or upgrade your current card — and receive a bonus. These offers can be found in your online account, via email, or sent by snail mail.
Sometimes, these offers don’t contain any “lifetime language” in the terms. The card’s terms of offer won’t contain any disclaimer. “Welcome Offer not Available to Applicants Who Have or Had This Card”This means that you can open a new card and receive a bonus Even if you have the exact card, it doesn’t matter if you don’t have it anymore. It’s rare to find an application link without lifetime language — but if you do, you will qualify for the bonus again.
Bottom line
American Express states that you can only get the bonus from each card one time in your life. Keep these two things in mind.
- You can still earn the bonus on cards Sound Similar but distinct (e.g. the Blue Cash Preferred® Card from American Express and the American Express Morgan Stanley Blue Cash Preferred® American Express Card)
- American Express will sometimes bend to its own rules and invites you to open a card that you already have and receive another welcome bonus
John can earn the welcome bonus by opening two different Amex Platinum Cards.
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