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In February 2019, Amex made a series of changes to The Business Platinum Card® from American Express (Terms Apply) including the addition of a WeWork subscription. The additional benefits were supposed to counteract the increased annual fee by offering cardmembers a new benefit of significant value. Instead, this year has mostly brought about negative program changes and devaluations.
However, there is some good news. Anyone who registered prior to 1/1/2020 will continue to receive WeWork access through December 2020!
February 2019 Changes (Addition of WeWork Benefit)
First, the annual fee was increased from $450 to $595 (Rates & Fees). To improve the value proposition, Amex also added a new tiered $200 ($100/$100) Dell statement credit. Furthermore, they increased the Hotel Collection hotel credit from $75 to $100. However, the crown jewel was the addition of the WeWork Benefit. This had a suggested retail value of $2,700.
March 2019 Changes (Loss of Centurion Lounge Benefits)
With a couple of positive changes announced, the hammer had to drop. They started with the Centurion Lounge benefits. Access will no longer be permitted upon arrival. Many business (or even leisure) travelers used to be able to freshen up before leaving the airport. That's not the only drawback. Amex also stated that departure access will be limited to three hours or less prior to the originally scheduled time of a flight. Although, they did make one positive change for members traveling with infants and families. Children under two years of age will be admitted free of charge and will not count towards the two complimentary guest count.
August 2019 Changes (Loss of Priority Pass Restaurants and more)
This was the benefit that hurt me the most. With a mix of business and personal travels, having a place to grab a bite to eat before a flight was valuable. Personally, our family received roughly $385 towards airport dining between 01/01/2019-07/31/2019.
January 2020 Changes (More lost benefits)
This new round of cuts to the Business Platinum Card is a tough pill to swallow. These perks were nice to have for the person who needed them here and there. They made traveling that little bit easier. Not only that, but we had already lost so many other perks throughout the year. From January 1, 2020, the following benefits will be axed:
- Premium roadside assistance will no longer be available
- Boingo, which offers worldwide Wi-Fi hotspots, will no longer be included as a card benefit
- The 10 annual Gogo in-flight WiFi passes will expire on 12/31/19 and new passes will no longer be issued
- WeWork Benefit will not be renewed for next year. If you enrolled before 01/01/20, you will get access for 12 months through the end of 2020.
Anyone who enrolled in this benefit will be able to take advantage through 12/31/2020. If you were an early adopter (and use the service), this is great news, because you'll receive several more months for free.
For rates and fees of the cards mentioned in this post, please visit the following links: The Business Platinum Card® from American Express (Rates & Fees)
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