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The Business Platinum Card® from American Express
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Editor’s Take
John Kiernan, Credit Card Editor
September 14, 2021
Review: American Express Business Platinum card
Very frequent business travelers who want luxury perks and don’t mind paying up for the pleasure will love The Business Platinum Card® from American Express.
Some people won’t be able to get past the Business Platinum Card’s $595 annual fee. But there’s a bevy of bonus rewards, yearly account credits and assorted benefits to offset the cost. Spending $15,000 in the first 3 months will get you 100,000 points, worth up to $770, for example. Cardholders are also eligible to receive up to $200 in credits for airline fees and up to $200 in credits for Dell purchases each year.
So, the Amex Business Platinum Card will be worth it for some high-spending business travelers who stay on the move. But there are plenty of less expensive, yet still rewarding options that will be more suitable for everyone else. Below, you can find an overview of the key things to consider before applying for the Amex Express Business Platinum Card.
American Express Business Platinum Review Highlights:
Some people won’t be able to get past the Business Platinum Card’s $595 annual fee. But there’s a bevy of bonus rewards, yearly account credits and assorted benefits to offset the cost. Spending $15,000 in the first 3 months will get you 100,000 points, worth up to $770, for example. Cardholders are also eligible to receive up to $200 in credits for airline fees and up to $200 in credits for Dell purchases each year.
So, the Amex Business Platinum Card will be worth it for some high-spending business travelers who stay on the move. But there are plenty of less expensive, yet still rewarding options that will be more suitable for everyone else. Below, you can find an overview of the key things to consider before applying for the Amex Express Business Platinum Card.
American Express Business Platinum Review Highlights:
- Tied for most expensive business card. The American Express Business Platinum Card is one of three small business cards that charge a high annual membership fee, according to WalletHub’s database of 1,000+ credit card offers. In fact, there are only a handful of cards market-wide that are costlier than Amex Business Platinum. And such a steep fixed cost means you must earn a ton of rewards for it to be the most lucrative option available to you.
- Good small biz bonus points. The American Express Business Platinum Card offers 100,000 points to new cardholders who spend $15,000 in the first 3 months. That’s a big haul, worth about $770, according to WalletHub research.
- Enhanced travel rewards. The Business Platinum Card now offers 5 points per $1 spent on airfare and prepaid hotel reservations booked on AmexTravel.com. That equates to about 4% cash back, which is very good, considering the average cash rewards card offers merely 1.11% back. Plus, Business Platinum points redeemed for a flight with your chosen airline are worth 35% more, up to 500,000 bonus points per year when you book on amextravel.com.
- Underwhelming base rewards rate. You will earn just 1 point per $1 on most purchases, which is about average. Credit card points are usually worth about a penny apiece, and Amex Membership Rewards points get you just 77% of that amount. So this part of the equation is worse than you might assume. Things improve for big purchases, but not enough. You will earn 1.5 points per $1 for each eligible transaction of $5,000 or more, up to 1 million additional points per year. That translates to just 1.2% “cash” back.
- Lounge access included. Perhaps the most notable thing about the Amex Platinum Business Card, aside from its expensive initial bonus and even costlier annual fee, is the access it gives you to the Global Lounge Collection. This includes more than 1,000 airport lounges in over 120 countries, and its value could help offset some of the card’s high cost. But most people don’t spend that much time in airport lounges.
- More premium travel perks. Cardholders are eligible for up to $200 per year in statement credits for incidental fees charged by their pre-chosen airline. Amex Business Platinum also covers the cost of applying for TSA PreCheck or Global Entry, as well as the fee for the CLEAR® yearly membership. In addition, cardholders can automatically qualify for Gold status in the Hilton and Marriott loyalty programs, if they enroll.
- Premium business benefits. Amex Business Platinum entitles you to up to $100 in statement credits for Dell purchases in the U.S. twice a year (enrollment required).
- No financing appeal. Amex Business Platinum isn't a traditional a credit card, which means you must pay your bill in full every month most of the time - unless certain charges of at least $100 qualify for the “Pay Over Time” feature (up to Pay Over Time Limit), which allows you to carry an interest-accruing balance. That’s unlikely to come as a surprise, and it shouldn’t really matter. Business cards are bad for carrying a balance from month to month to begin with because issuers can jack up the interest rates on business-card debt whenever they want. But it’s important to point out nevertheless.
- No foreign fee. If your business involves international travel or purchases made through merchants based abroad, you’ll be pleased to know that the Business Platinum Amex won’t assess a foreign-transaction fee. With that being said, not as many international merchants take American Express as Mastercard or Visa. So make sure your favorite destinations and suppliers will accept this card before you apply.
- Good credit or better required. You need good or excellent personal credit to qualify for the American Express Platinum Business Card, which means you’d be wise to double-check your latest credit score for free on WalletHub before you even think about submitting an application. Besides, if you decide to take a pass on Amex Business Platinum, knowing exactly where you stand is crucial to finding the right credit card for your company’s needs.
This American Express Business Platinum card review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
September 14, 2021
American Express Business Platinum card's Rewards
- Welcome Offer: Earn 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the 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 an extra half point 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 when you book on amextravel.com.
- Breeze through security with CLEAR® where available and get up to $179 back per year on your membership when you use your Card.
- 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.
- Terms Apply.
American Express Business Platinum card's Key APRs & Fees
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Purchase Intro APR
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Transfer Intro APR
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Regular APR
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|---|---|---|
| Not Offered | Balance Transfers Not Allowed | 14.24% - 22.24% (V) |
|
Purchase Intro APR
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Not Offered |
|---|---|
|
Transfer Intro APR
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Balance Transfers Not Allowed |
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Regular APR
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14.24% - 22.24% (V) |
American Express Business Platinum card's Additional Info
| MAX LATE FEE
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$39 or 2.99% of the past due amount, whichever is greater |
|---|---|
| MAX OVERLIMIT FEE
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Not Applicable |
| MAX PENALTY APR
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29.24% (V) |
| GRACE PERIOD
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25 days |
| ONLINE RESPONSE
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Yes |
| CASH ADVANCE APR
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Not Applicable |
| CASH ADVANCE FEE
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Not Applicable |
| FOREIGN TRANSACTION FEE
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0% |
| SMART CHIP
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Yes, chip-and-PIN |
- PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more.
- This American Express Card has no preset spending limit, giving you purchasing power that adjusts with your use of the card. No preset spending limit does not mean unlimited spending. Your purchases are approved based on a variety of factors including spending patterns, your payment history, your credit history, and financial resources known to us.
- Last updated on 9/14/2021
at American Express'
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about The Business Platinum Card® from American Express to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
What are the best Amex Business Platinum benefits? Reply 6votesvotes
Sarah Bilkins
@sarah.bilkins
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).
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.
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Upvotes
Can I get the Amex Business Platinum 150k bonus? Reply 8votesvotes
Jane Parker
@parker16
No, you cannot get the American Express Business Platinum card 150k point bonus, as it is an expired offer. The American Express Business Platinum card bonus is now 100,000 points points for spending $15,000 in your first 3 months.
Initial bonuses are just a one-time thing though, and they can obviously change. So, it’s worth looking at the whole rewards package to see if this card is right for you.
- 100,000 points points for spending $15,000 in the first 3 months after opening your account
- 5 points / $1 spent on hotels and flights booked through amextravel.com
- 1.5 points per dollar on purchases of $5,000 or more, up to a million points a year
- 1 point / $1 on all other purchases
- 35% of your points back when you use them to pay for up to 500,000 bonus points per calendar year when you book on amextravel.com
The Business Platinum Card® from American Express 150k point offer is no longer available, but you can get up to 100,000 points bonus points to start with instead. And you can redeem those points for flights, hotels, gift cards, taxis, Ubers, and cash back, at a value of one cent each.
8
Upvotes
Is Amex Business Platinum a metal card? Reply 16votesvotes
Marshall Jamieson
@bergman77
There has been an American Express Business Platinum card metal card since March 30, 2017. So, if you’re opening a new American Express Business Platinum card account, you’ll automatically be issued a metal card. But if you already have a plastic card from before the switch, you can still switch to metal. There’s no fee for ordering an Amex Business Platinum metal card, and it should arrive within 3 business days.
:
- Log in to your Amex Business Platinum Account.
- Go to “Card Management” and select “Order Replacement Card.”
- “Request Metal Card” will be one of your options.
:
- Call customer service at (800) 492-4344
- When the automated system asks what you would like to do, say “order a new metal card.”
- When prompted, enter your account number. From there, the automated system will guide you through the replacement process.
You should get your new metal card within three business days. Till then, you can keep using your current plastic card.
By the way, a new metal American Express Business Platinum card isn’t the only change Amex announced in March 2017. Other new features include 5 points per dollar on flights and hotels booked with Amex Travel, access to more airport lounges, and complimentary cards for up to 99 authorized users. Those extra cards include the Business Green Rewards Card from American Express, though, not the American Express Business Platinum card. So, the perks aren’t as good.
16
Upvotes
How can I get the Amex Business Platinum 100k bonus offer? Reply 6votesvotes
Marshall Jamieson
@bergman77
You can earn the American Express Business Platinum card 100k bonus offer by spending $15,000 within 3 months of opening your account.
Here’s what you need to know about the American Express Business Platinum card 100k bonus:
- This card offers you 100,000 points for spending $15,000 within 3 months.
- The points will be credited to your account 8-12 weeks after you meet the spending threshold.
- Your account can’t be canceled or past due when Amex posts your points, or you won’t earn your bonus.
- You can only earn one initial bonus per card, but additional card members can help meet the spending requirements.
6
Upvotes
Amex Platinum Business vs. Personal: which is better? Reply 2votes1votes
Jane Cogli
@janecogli
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.
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.
2
Upvotes
When will I earn Amex Business Platinum points? Reply 12votes3votes
Michael Battle
@mikebattle
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.
12
Upvotes
What are the top American Express Business Platinum travel benefits? Reply 21votes9votes
Robert Haan
@rob_haan
I think the best one would be the baggage insurance. Many cards offer no foreign transaction fees, or collision damage waivers, but very few care about your baggage when travelling.
21
Upvotes
How much is the American Express Business Platinum foreign transaction fee? Reply 1votesvotes
Jason Miles
@jasonmiles42
The American Express Business Platinum card foreign transaction fee is 0%. This means that you won’t get charged extra if you use your card to buy something abroad, or from an internationally based merchant.
That’s because the American Express Business Platinum card is geared towards travel. More specifically, with this card 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.
However, the American Express Business Platinum card comes with a hefty $595 fee every year. So, this card is worth the price for people who travel enough to take full advantage of the rewards, and who value perks like airport lounge access.
1
Upvote
How does Amex Business Platinum lounge access work? Reply 3votesvotes
Alex Johnson
@alex.johnson2
Amex Business Platinum lounge access lets you visit over 1,000 airport lounges in 120 cities around the world, for free. You just need to show your Platinum card, a valid ID, and a boarding pass for a flight that day, in most cases. All of the Amex partner lounges allow you to bring at least one guest or immediate family members for free.
Here’s where you can go with Amex Business Platinum lounge access:
- The Centurion Lounge: You need a Platinum card, a boarding pass for same-day travel, and a government-issued ID. You get 2 free guests.
- International American Express Lounges: Access requires a Platinum Card, government-issued ID, and same-day boarding pass. You get 1 free guest.
- Delta Sky Club: Present your Platinum Card, an ID, and a same-day Delta boarding pass. You can purchase up to 2 guest passes for $29 a person. Your spouse and dependent children under 21 can get in for free.
- Escape Lounge US: You need your Platinum Card, a government-issued ID, and a same-day boarding pass. You can bring 2 free guests
- Priority Pass Select: To get access to Priority Pass lounges, you need to enroll in Priority Pass online. You’ll get your Priority Pass card in 10-14 business days. Present your Priority Pass card and a same-day boarding pass. You can bring 2 free guests, and more for $27 each.
- Airspace: You’ll need to show your Platinum Card and an ID. You can bring your spouse and any children under 21 for free, or up to two guests.
- Plaza Premium Airport Lounges: Present your Platinum Card and an ID. You can bring two guests with you for free.
Amex Business Platinum access means you can sit in a comfy chair, have a drink, and sometimes even take a shower while you wait for your flight to leave. Different lounges have different amenities, but you can find out the details on the Amex website, along with hours and locations.
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Upvotes
Is American Express Business Platinum worth it? Reply 3votesvotes
Laura Ward
@laura_4
The American Express Business Platinum is worth it for frequent business travelers who like luxury and don't mind paying for it. It requires good or excellent credit for approval, has a $595 annual fee, and it offers:
- 100,000 points initial bonus for purchases of at least $15,000 in the first 3 months of account opening
- 5 points/$1 spent on airfare and prepaid hotel reservations booked on AmexTravel.com
- 1 point/$1 spent on everything else
- Access to more than 1,000 airport lounges in over 120 countries
- Up to $200 in statement credits for incidental fees charged by your chosen airline/year
- Free TSA PreCheck or Global Entry
- Automatic Gold status in the Hilton and Marriott loyalty programs
- Up to $100 in statement credits for U.S. Dell purchases twice a year
- 0% foreign transaction fee
The Amex Business Platinum is a hybrid card, with a no pre-set spending limit. This means that your credit limit will constantly change based on your spending habits, payment and credit history or financial resources. Also, it won't allow you to carry a balance, you'll need to pay your bill in full at the end of each billing cycle.
3
Upvotes
American Express Business Platinum card Reviews
Share your insights and review the The Business Platinum Card® from American Express.
Aug 29, 2018
Verified Customer
Long time Amex customer, I use the Platinum card for many of the routine company expenses. Thanks to Amex my accounting process is simplified greatly, all neat on statement. Instead of multiple payments to expenses, all condensed down to one. Service is unbeatable, reputation is well known. Been using Amex since 1978, never had a problem. Real simple company to deal with, they back you. You pay them when due. get along just fine.
Comment
Jul 30, 2014
Dishonest business practices led me to cancel this card. I was signed up to receive bonus points at $5000 spending. They did not honor this saying I opened it in December when it was actually first opened in March.
Aug 15, 2012
I have had this card for over two years now, and it was the first credit card I ever received. I don't personally own a business, but am signed up under my parents' business so I am able to enjoy the benefits of a business member as a general consumer. However, I am still unsure of all the benefits that this card provides. I have never used the card to enter a business lounge or an airport club because I have not had time or needed to. The one benefit that I do enjoy is the points system where I can get cash back on every purchase. Although many cards offer this benefit now, it is still worth mentioning.… show more
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Last updated on: Sep 14th, 2021 at 19:09 ET
Related Credit Cards
If you are interested in the The Business Platinum Card® from American Express, check out the following credit cards as well:
Related Credit Card Categories
American Express Business Platinum card is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Sep 14th, 2021 at 19:09 ET