The Business Platinum Card® from American Express
- Annual fee
- $695
- Recommended credit
- Excellent
- Card network
- American Express
- Regular purchase APR
- See issuer terms
At a glance
Companies can expect the pinnacle of luxury when they use The Business Platinum Card® from American Express. This exclusive metal rewards card provides premium travel rewards, a huge welcome offer, and a variety of other perks for the savvy business traveler.
Our review of the The Business Platinum Card® from American Express
Business owners seeking to elevate their business and stay ahead of the competition can benefit from The Business Platinum Card® from American Express. This exclusive pay-in-full business card offers a wide range of benefits and rewards suitable for businesses of all sizes, from small startups to established corporations.
Who Can Benefit Most from the Business Platinum Card?
The Business Platinum Card® is ideal for businesses that frequently travel for work. If your business requires frequent travel, this card provides advantages such as premium lounge access, generous points on travel, and statement credits tailored for business travel.
Credit Needed
While American Express does not specify a minimum credit score requirement for the Amex Business Platinum, a good or excellent credit score (typically 740 or higher) is recommended for a competitive application.
Eligibility
The Amex Business Platinum is not limited to formal businesses. Freelancers, independent contractors, and individuals with side hustles generating income can also apply. Whether you are a small business owner or a freelancer, you can still enjoy the benefits and rewards of the Amex Business Platinum.
Pay Over Time
The Business Platinum Card® offers a “Pay Over Time” feature that allows businesses to finance select purchases of $100 or more at a competitive APR. This feature provides flexibility in managing expenses.
Welcome Offer
New accounts earn a welcome bonus of 190,000 Membership Rewards points after spending $15,000 within the first three months of opening the account. This bonus has a travel value of approximately $2,000, with the option to reclaim 35% of points when booking with points.
How to Earn Membership Rewards Points
The Business Platinum Card® emphasizes travel perks, offering 5X points on flights and prepaid hotels through AmexTravel, 5X points on purchases in key business categories, and 1X points on all other purchases. The card also provides an additional 50% on points when meeting spending requirements.
How to Redeem Membership Rewards
American Express Membership Rewards points can be redeemed for cash back, gift cards, charitable donations, merchandise, and travel. Points also transfer to leading hotel and airline loyalty programs, providing flexibility in redemption options.
Travel Benefits
The Business Platinum Card® offers more than just no foreign transaction fees. It provides access to airport lounges, hotel privileges, elite status with hotel loyalty programs, and rental car privileges, enhancing the overall travel experience.
Statement Credit Benefits
The card features travel statement credits, including a $200 airline incidentals credit, $189 CLEAR® Plus credit, and a Global Entry or TSA PreCheck® fee credit. Business statement credits include Dell Technologies, Indeed, Adobe Creative, and wireless telephone service purchases.
Other Card Benefits
Additional benefits of the Business Platinum Card® include complimentary employee cards, QuickBooks integration, account manager services, account alerts, and Vendor Pay by Bill.com for paying business bills.
Tips for Maximizing Rewards with the Business Platinum Card®
- Plan travel strategically to maximize lounge access and amenities.
- Utilize the Global Entry and TSA Prefee credit to expedite travel.
- Take advantage of the annual airline fee credit for incidental expenses.
- Book through the Fine Hotels & Resorts program for premium hotel benefits.
- Use the Premium Car Rental Privileges program for car rental discounts.
What We Like About the Business Platinum Card
- Impressive lounge access options, including Centurion Lounges.
- Generous hotel perks through the Fine Hotels & Resorts program.
- Automatic elite status with hotel loyalty programs for enhanced benefits.
Things to Consider
- High annual fee may not be suitable for all businesses.
- Limited coverage of airline credits for incidental fees only.
Should You Apply for The Business Platinum Card® from American Express?
If your company frequently travels and values premium benefits, The Business Platinum Card® is worth considering. With exceptional rewards for travelers and a variety of benefits tailored for businesses, this card can help streamline operations and enhance the travel experience for you and your employees.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Welcome Offer: Earn 130,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card
- Membership
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases
- Earn 1.5X points (that's an extra half point per dollar) on eligible purchases 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 everywhere else, on up to $2 million of these purchases per calendar year
- Unlock over $1,000 in value per year for statement credits on select purchases, including tech, recruiting and wireless with the Business Platinum Card
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card or any of the Additional Cards on your Platinum Card account
- $189 CLEAR® Credit: CLEAR® uses biometrics to assign you a touchless ID, allowing you to move faster through security at select airports and stadiums across the U.S. You can cover the cost of a CLEAR membership with up to $189 in statement credits per calendar year after you pay for CLEAR with your Business Platinum Card®
- The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021
- $695 Annual Fee
Who this card may suit
- You travel often for work and can take advantage of a myriad of benefits including access to airport lounges
- You will make use of statement credits for Global Entry or TSA Precheck
- You prefer airline flexibility when redeeming your points for travel
Rates, fees and terms
| Annual Fee | $695 |
|---|---|
| Regular Purchase APR | See issuer terms |
| Penalty APR | 29.99% variable based on the Prime Rate |
| Late Payment Penalty Fee | $39 or 2.99% of any past due Pay in Full amount, whichever is greater |
| Return Payment Penalty Fee | $39 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit.
Similar cards
Ink Business Preferred® Credit Card
- Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash…
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary…
- Annual fee
- $95
- Recommended credit
- Excellent / Good
- Purchase APR
- 20.74% to 25.74% Variable
BILL Divvy Corporate Card
- Ideal for companies that struggle with expense reports, reimbursements, receipts, and expensive annual service contracts
- Combines seamless expense management software with business cards so you never have to process another expense report
- Annual fee
- None
- Recommended credit
- Excellent / Good / Fair
Capital One Spark Cash Plus
- Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in…
- Earn unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions
- Annual fee
- $150
- Recommended credit
- Excellent