Over time American Express has been updating previous cards by introducing new benefits and increasing rates. Most recently, they announced changes made to the Business Platinum Card from American Express. The latest change that stands out is the new complimentary WeWork Membership.
These benefits are expected to raise the annual fee up to $595 – which presses the question, what is WeWork?
WeWork is a rapidly growing real estate company that provides flexible office space. They include amenities, hip decor and events to entrepreneurs and startup companies around the world. American Express and WeWork claim that this benefit is valued up to $2,700.
Continue reading to learn all about this newly added benefit.
 The Business Platinum Card® from American Express has a welcome offer of 250,000 Membership Rewards points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership. You'll earn: • 5X Membership Rewards Points on Flights, and Prepaid Hotels Booked through AmexTravel.com. • 1X points on other eligible purchases. • 1.5X points (that's an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus. • Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card. Enrollment required. See how you can unlock over $1,000 annually in credits on select purchases with the Business Platinum Card • Fly like a pro with a $200 Airline Fee Credit. Select one qualifying airline to receive up to $200 back per year on baggage fees and other incidentals. • $199 CLEAR Plus Credit: Use your card and get up to $199 in statement credits per calendar year on your CLEAR Plus Membership (subject to auto-renewal) when you use the Business Platinum Card. • NEW! Make the Business Platinum Card work even harder for you. Hilton For Business members get up to $200 back per calendar year when you make an eligible purchase at Hilton properties across the globe. Benefit enrollment required. This card does come with a $695 annual fee. (See Rates & Fees) Terms Apply. |
The Basics
- Enroll Here
- WeWork membership is valid for one year after enrolling (This may not be an ongoing benefit for card holders)
- You must enroll by 12/31/2019
What You Get
American Express Platinum Business Cardholders who enroll will receive:
- Access to workspace in over 22 countries and 300+ locations.
- Premium Amenities – including Printing, reliable WiFi, and an endless supply of micro-roasted coffee keep you up and running across time zones
- Invites to exclusive events.
- Refreshments, like coffee, tea, and fruit water.
This membership will last 1 year (365 days). So if you sign up on November 20, 2019, your membership will last until November 20, 2020.
Access Restrictions
After enrolling, you’ll be giving an access card to WeWork locations. FAQs state that hours last from 9 AM to 6 PM Monday through Friday. Some have claimed to get access outside those hours using the access card.
Members will be allowed to bring in guests. It’s not clear as to how many or a limited number of times.
Cancelled Card
FAQs suggests that members who cancel their card may lose access to WeWork benefits/locations. Previous benefits from American Express are generally enforced (Priority Pass Lounge Access) so it’s quite possible you’ll lose your membership.
Conclusion
This newly added benefit seems quite enticing, but not much is known about WeWork. Our advice is to hold off on enrolling until more can be learned. If you’re worried about time, don’t worry you have until December 31, 2019 to enroll.
If you’re a cardholder, learn about all the available American Express Platinum Business Credit Card Bonuses as well as American Express card bonuses that can earn.
 The American Express® Business Gold Card offers 100,000 Membership Rewards points after you spend $15,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.* 0% Intro APR ¤ for 6 months from the date of account opening on purchases eligible for Pay Over Time, then a 18.49% to 27.49% variable APR.* You'll earn more rewards: • 4X Membership Rewards points on the top two eligible categories where your business spends the most each month from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.* • 3X Membership Rewards(R) points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.* • Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.* • Get up to a $12.95** statement credit back each month after you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. **Up to $12.95 plus applicable taxes on one membership fee.* This card does carry a $375 annual fee, but no foreign transaction fees. (See Rates & Fees) Terms Apply. |
