Amex Business Platinum Rebate Cut: Should You Sell Your Points Before September 18?

American Express Business Platinum cardholders have long enjoyed a generous 35% rebate when using Membership Rewards points to book eligible premium class flights through the Amex Travel portal. However, starting September 18, 2025, that perk is taking a serious hit.

What’s Changing?

As confirmed by American Express, the Pay with Points rebate is being slashed from 35% to just 20% for most airlines. This means the effective value of your points will drop significantly when used through Amex Travel.

Here’s an example:

• A $1,000 business class flight required 100,000 points (with 35% rebate → only 65,000 net points used).
• Post-change, you’ll only get a 20% rebate → same flight now costs 80,000 net points.

Why It Matters

This change affects your ability to get outsized value from your points, especially for premium travel. If you were holding on to your Amex Membership Rewards waiting for a good deal, you might want to reconsider your strategy.

Should You Sell Your Amex Points Instead?

With redemption value dropping and uncertainty about future devaluations, many savvy cardholders are opting to sell their Amex points for cash. This ensures guaranteed value — and flexibility to use that money however you choose.

Whether you’re looking to reinvest in travel, cover expenses, or simply want to protect your points from future changes, now may be the ideal time to act.

Final Thoughts

The Amex Business Platinum rebate cut is a wake-up call for anyone hoarding points. With less value on the horizon, this might be the perfect time to cash out your rewards and take control of their worth — before American Express does.

Act before September 18 to maximize what your points are truly worth.