Update, 7/13: AMEX has started posting a bonus 15% rebate for cards that were opened between 10/1/16-5/31/17. The 35% rebate is currently taking about a month and the 15% rebate is posting about 2 weeks after the 35% rebate.
Originally posted on 7/9:
Last October AMEX added a massive benefit to their Business Platinum card. A 50% rebate if you redeem points for a paid flight on the airline of your choice in coach or on any airline in premium classes, making their points worth at least 2 cents each.
It was too good to last and AMEX announced that they would be reducing the rebate to 35%, effective 6/1.
AMEX promised that if you opened or upgraded to a Business Platinum card between 10/1/16-5/31/17 that you would get a full year of 50% rebates from when you opened or upgraded your card.
Unfortunately that hasn’t happened.
There are widespread reports of people only getting a 35% rebate from new cards. In fact, I haven’t seen any reports of getting 50% for bookings after 6/1.
35% points rebate on a new card (Image thanks to Bochur):
If you only got a 35% rebate on a card that was opened or upgraded between 10/1/16-5/31/17 be sure to tweet to @AskAmex to let them know and call the number on the back of your card to request the 50% rebate.
While some DDF users report being told to wait more time for the other 15% to post, you can try to HUCA (hang up and call again) until you find an agent willing to credit the additional 15% on the spot.