You will earn American Express Business Platinum card points when meeting an initial spending requirement, making ongoing purchases and redeeming your rewards for flights through Amex Travel. You can spend $15,000 in the first 3 months for 100,000 bonus points. You’ll also get 5 points per $1 spent on flights and prepaid hotels on amextravel.com, 1.5 points per $1 on purchases of $5,000 or more (up to 1 million additional points per year), and 1 point per $1 on all other purchases. Plus, when you use points to pay for eligible First and Business Class flights booked through Amex Travel, you’ll get 35% of them back.
Your points will show up in your account somewhere between 6-12 weeks after you earn them, depending on the type of bonus.
Here’s how you earn American Express Business Platinum card points:
Initial Bonus: You get 100,000 points for spending $15,000 within 3 months You’ll get your points 8-12 weeks after you meet the spending requirements.
Ongoing Rewards: You earn 5 points per $1 spent on flights and prepaid hotels on amextravel.com, 1.5 points per $1 on purchases of $5,000 or more (up to 1 million additional points per year), and 1 point per $1 on all other purchases. They’ll post to your account 8-12 weeks after you make such a purchase.
Airline Bonus: You get a 35% rebate on points used to pay for first class or business class flights on amextravel.com. You can earn up to 500,000 points per year with this bonus. They’ll show up in your account 6-10 weeks after you book a flight.
If you don’t make your minimum payment on time, you forfeit your points for that month. You can get those points back, but you have to pay a $35 fee. Since Amex points are worth up to one cent each, paying the fee is only worth it if you have 3,500 points or more.
The best American Express Business Platinum card benefits are 100,000 points for spending $15,000 within 3 months; 5 points / $1 spent on certain spending categories, and access to more than 1,200 airport lounges worldwide. Other benefits include trip cancellation and interruption insurance, rental car insurance, and baggage insurance. And there’s a perk that gives 35% of redeemed points back with a selected airline (or any airline for first class and business class flights).… read full answer
Some American Express Business Platinum card benefits aren’t exactly for everyone. Presumably, not every American Express Business Platinum card cardholder will take advantage of the 20% discount on flights with the Delta Private Jet program. But all worldwide travelers will enjoy the 0% foreign transaction fees and the complimentary Priority Pass Select membership, which gets you and up to two guests into Priority Pass lounges for free.
The benefits list for American Express Business Platinum card is long, but the card is only worth its $595 annual fee if you use these benefits often.
Here are some of the top American Express Business Platinum card benefits:
Airline fee credit: $200 per year in statement credits for airline charges like baggage fees and in-flight refreshments. Applies to one airline selected by cardholder.
TSA PreCheck or Global Entry credit: Statement credit for the cost of applying for TSA Pre-check ($85) OR Global Entry ($100) every 4-4.5 years.
Hotel perks: Staying at one of the 1100+ Amex partner hotels provides perks like late checkout, hotel credits and complimentary room upgrades.
Airport lounge access: Access to over 1,200 airport lounges around the world with the American Express Global Lounge collection.
35% redemption bonus: 35% of redeemed points back when used at one selected airline. 35% back on all first class/business class flights regardless of airline.
Trip cancellation and interruption insurance: Up to $10,000 in compensation per covered trip ($20,000 per year) for cancellation or interruption of you or a family member’s travel plans due to accidental injury or illness, bad weather, hijacking, jury duty, or damage to your primary residence.
Rental car insurance: Covers theft and collision damage for the first 30 days of a rental. Coverage is up to $75,000. Must charge the rental to American Express Business Platinum card and decline the rental company’s insurance.
Baggage insurance: Up to $3,000 per person per trip if baggage gets lost, stolen, or damaged while traveling. Coverage applies to cardholder, spouse and dependent children under 23. The whole reservation must be charged.
Those aren’t the only American Express Business Platinum card benefits. But they are the most broadly useful. Most of the other perks are special experiences without a clear dollar value. For example, there’s preferred seating at concerts. Or, there are services that very few people need, like private jet bookings.
American Express Business Platinum card vs. American Express Platinum card comes out in favor of American Express Business Platinum card because it offers up to 100,000 points bonus for spending a combined $15,000 in the first 3 months after account opening. It also gives an extra 50% more points on purchases of $5,000 or more. Both cards give 5 points per $1 spent on flights and hotels booked on amextravel.com. Other purchases get 1 point per $1. Both cards offer a $100-$200 annual airline fee credit and have $0 foreign transaction fees.… read full answer
There are a few other differences in the cards’ terms, though. American Express Business Platinum card offers a higher initial bonus than American Express Platinum card, which gives 100,000 points but requires only $6,000 on purchases to get it. Rewards exclusive to the business card include a 35% refund on up to 500,000 points redeemed for airfare with one selected airline each year. There’s also a 35% refund when using points for any first-class or business-class flight. And American Express Business Platinum card offers a $200 annual statement credit for purchases with Dell.
The personal American Express Platinum card card offers a $200 annual Uber credit and a $100 annual Saks Fifth Avenue credit. But it has a $695 annual fee. The American Express Business Platinum card card’s fee is a little more expensive, at $595.
If you’re looking to add authorized users, the personal American Express Platinum card card would be the better deal. You can add up to three authorized users for a single annual fee of $175. American Express Business Platinum card charges $300 per additional card.
Plus, this card offers an intro APR of 0% for 12 months on purchases. Its regular APR is 13.24% - 19.24% (V). The Amex Blue Business Cash card also comes with a $0 annual fee and requires at least good (700+) credit for approval.… read full answer
However, the Amex Blue Business Cash card is not the only good option for a business owner; there are several American Express business credit cards you can choose from, depending on your specific needs.
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