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.
|With the The Business Platinum® Card from American Express OPEN:
-Welcome Offer: Earn up to 75,000 Membership Rewards® points.
-Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
-Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
-Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
-35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
-Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
-Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
-See Rates & Fees
- 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.
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.
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.
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.
|With the American Express® Business Gold Card:
-More Rewards: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month †
-†4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
-Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
-Exclusive Offers: Get up to 1 year free on subscriptions to both G Suite Basic for up to 3 users and ZipRecruiter Standard, a combined value up to $3,188.*
-Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.*
-Expense Management Tools: Connect to Quickbooks, access SpendManagerSM, receive a Year-End Summary, and more.*
-Add Employee Cards with a no annual fee option. Earn rewards on employee purchases and track employee expenses with spending limits, alerts, and summary reports.*
-See Rates & Fees