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The Business Platinum Card® from American Express

The Business Platinum Card<sup>®</sup> from American Express

The Business Platinum Card® from American Express

Welcome Offer
Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
Travel Benefits
Complimentary access to over 1000+ airport lounges*
Extra Perks
Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more*
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is The Business Platinum Card® from American Express best for?

The Business Platinum Card® from American Express may be the perfect fit for business owners who travel often and who are willing to pay a premium annual fee in exchange for numerous travel benefits.

Benefits include airline fee credits, lounge access and concierge service. Plus, cardholders eager to rack up Membership Rewards points will love the welcome bonus.

Businesses that don’t require a lot of travel may see less value with this $595 (10/14-1/12/22) annual fee card. But they could still find the card worthwhile thanks to credits (once you enroll) for purchases from Dell Technologies, Indeed and Adobe, as well as for wireless telephone services.

We’ll take a close look at where this card excels, where it falls short and another Amex business credit card worth considering.

To see the rates and fees for The Business Platinum Card® from American Express, please click here.

The Business Platinum Card® from American Express overview

    • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
    • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
    • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
    • Earn 1.5X Membership Rewards® points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else. Cap applies. 
    • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
    • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
    • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
    • Access to more than 1,300 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. More lounge options than any other credit card on the market as of 8/2020.
    • $595 Annual Fee ($695 if application is received on or after 01/13/2022).
    • Terms Apply.
  • Credit needed:
    680 850
    Excellent/Good
  • Business Platinum Concierge: Representatives are available 24/7 to assist with any questions or requests such as booking a business lunch.*
  • Business Platinum travel service: Counselors are available to assist in making travel arrangements and itineraries to make traveling more efficient.
  • 35% airline bonus: When you use Membership Rewards® Pay with Points for eligible fares (like first and business class), you can receive 35% of those points back, up to 500,000 bonus points per calendar year.*
  • More than $1,000 in statement credits available yearly: Select one qualifying airline and get an airline fee credit of up to $200 per year. And when you enroll, get credits of up to $400 for purchases with Dell Technologies, up to $360 for spending with Indeed, up to $179 toward a CLEAR membership, up to $150 for spending with Adobe, and up to $120 for wireless telephone purchases.
  • Baggage insurance plan.
  • Travel accident insurance.
  • Premium Global Assist® hotline.
  • Extended warranty, purchase and return protection.
  • Trip delay, cancellation and interruption insurance.
  • Premium car rental privileges.
  • Car rental loss and damage insurance.
  • Fine Hotels & Resorts: Booking with Fine Hotels & Resorts allows you to receive complimentary benefits including: room upgrades when available, breakfast, late check-out and more.*
  • Upgrade to gold status in select hotel programs: Get complimentary Marriott Bonvoy™ Gold Elite status and Hilton Honors Gold status with this card. Enrollment required.
  • Global dining collection: Receive special access to reservations and experiences at popular restaurants, and the opportunity to meet chefs at exclusive events.*
  • Preferred Seating: Receive exclusive access to premium seats for events.*
  • American Express Experiences: In select cities you can gain access to exclusive events and presales for concerts, sporting events and more.*
  • Account manager: Employees or business partners can act as an account manager to deal with reviewing statements, making payments and other tasks.*
  • American Express® Business App: Manage your card more easily via mobile or desktop to add receipts and notes to transactions.*
  • Connect to QuickBooks: Link your QuickBooks and card account to facilitate expenses by labeling and transferring transactions.*

*Terms Apply.

Intro Purchase APR

See Pay Over Time APR

Regular Purchase APR

14.24% - 22.24% Variable

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$595 (10/14-1/12/22)

Cash Advance Fee

N/A

Foreign Transaction Fee

None

Balance Transfer Fee

N/A

Pros and cons

Pros

  • Annual airline fee credit
  • Global Entry/TSA Precheck® fee credit
  • Credits for various purchases and subscriptions
  • Generous welcome offer
  • Extensive travel benefits

Cons

  • High annual fee
  • High welcome offer spending requirement

What we like about The Business Platinum Card® from American Express

  • Welcome offer

    Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.

  • Airport lounge access

    If you’re looking for the best business credit card for airport lounge access, The Business Platinum Card® from American Express is top of the line. Book your flights with it and enjoy access to more than 1,200 lounges in over 500 airports across 130 countries. Note that enrollment is required for Priority Pass lounges.

  • More than $1,000 in credits available per year

    The Business Platinum Card® from American Express comes with a long list of useful credits. If you were to max them out, that’s a value of more than $1,000 per year. These are awarded as statement credits after eligible spending. The credits include:

    • Up to $400 toward purchases from Dell Technologies (enrollment required).
    • Up to $360 toward spending with Indeed (enrollment required).
    • Up to $200 in statement credits for checked bags, in-flight refreshments, and other fees (when you enroll and select one qualifying airline).
    • Up to $179 toward a CLEAR membership (enrollment required), which can help you get through security more quickly at select airports and stadiums.
    • Up to $150 for spending with Adobe (enrollment required).
    • Up to $120 toward wireless telephone services (enrollment required).

    In addition to those annual credits, this card offers a statement credit up to $100 to reimburse you when you apply for Global Entry or TSA Precheck®. For the former, you can get the credit every four years. For the latter, it’s every four-and-a-half years.

  • No foreign transaction fee

    If business trips take you or your employees out of the country frequently, don’t worry about paying an extra fee on each transaction – there is none.

To see the rates and fees for The Business Platinum Card® from American Express, please click here.

What to watch out for with The Business Platinum Card® from American Express

  • High annual fee

    This card’s annual fee of $595 (10/14-1/12/22) is one of the highest around. Granted, it comes with premium travel benefits that can make the annual fee worth it. However, for businesses that only travel occasionally, a no-annual-fee credit card is likely to be a better choice.

  • Minimum spending requirement to earn welcome bonus

    The minimum spending requirement to qualify for the welcome bonus is very high and must be met within a short period of time.

To see the rates and fees for The Business Platinum Card® from American Express, please click here.

Alternate business card

Compare it to the American Express® Business Gold Card

Disclosures |
American Express® Business Gold Card
American Express® Business Gold Card
on American Express's secure site
Terms Apply
N/A
14.24% - 22.24% Variable
$295
Get 4X Membership Rewards® points on the 2 select categories where your
  • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • PAY OVER TIME OPTION: Decide whether you want to pay eligible purchases in full each month—or pay over time with interest.*
  • *Terms Apply
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

The Business Platinum Card® from American Express is very travel-focused in both its benefits and rewards. By contrast, the American Express® Business Gold Card offers a uniquely flexible rewards structure – Amex will select the two categories (from a total of six) where you spent the most each billing cycle and award 4X points per $1 spent in those categories.

4X categories for the American Express® Business Gold Card are as follows:

  • Airfare purchased directly from airlines.
  • U.S. purchases for advertising in select media (online, TV, radio).
  • U.S. purchases at gas stations.
  • U.S. purchases made directly from select technology providers of computer hardware, software and cloud solutions.
  • U.S. purchases made at restaurants.
  • U.S. purchases for shipping.

Be aware that the 4X rate applies to the first $150,000 in combined purchases in your top two spending categories each year. After that, your earning rate drops to 1 point per $1 spent.

The American Express® Business Gold Card also offers helpful benefits similar to what you’ll find on The Business Platinum Card® from American Express.

However, note that the American Express® Business Gold Card lacks the fee credits offered by The Business Platinum Card® from American Express, and it doesn’t offer airport lounge access.

To see the rates and fees for American Express® Business Gold Card, please click here.

Compare The Business Platinum Card® from American Express to similar cards

Comparison of four different credit cards
The Business Platinum Card<sup>®</sup> from American Express American Express<sup>®</sup> Business Gold Card The Blue Business<sup>®</sup> Plus Credit Card from American Express Ink Business Cash<sup>®</sup> Credit Card
The Business Platinum Card® from American Express American Express® Business Gold Card The Blue Business® Plus Credit Card from American Express Ink Business Cash® Credit Card
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Chase's secure site
Annual Fee
$595 (10/14-1/12/22) $295 No annual fee $0
Welcome Offer
Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership. Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.* 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
Rewards Rate
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. Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month* Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
Intro Purchase APR
See Pay Over Time APR N/A 0% on purchases for 12 months from date of account opening 0% Intro APR on Purchases for 12 months
Regular APR
14.24% - 22.24% Variable 14.24% - 22.24% Variable 13.24% - 19.24% Variable 13.24% - 19.24% Variable
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent
Card Details
The Business Platinum Card® from American Express American Express® Business Gold Card The Blue Business® Plus Credit Card from American Express Ink Business Cash® Credit Card

Is the The Business Platinum Card® from American Express card right for you?

The Business Platinum Card® from American Express is a standout business card with a valuable array of travel benefits. It’s well worth the annual fee of $595 (10/14-1/12/22) if you take advantage of benefits such as the annual travel credit, the CLEAR® fee credit and the unparalleled airport lounge access.

However, business owners wanting more flexibility in earning rewards, plus a less expensive annual fee, might prefer the American Express® Business Gold Card. If neither card fits your needs, one from our list of best small business cards might suit you better.

To see the rates and fees for The Business Platinum Card® from American Express, please click here.
To see the rates and fees for American Express® Business Gold Card, please click here.
To see the rates and fees for The Blue Business® Plus Credit Card from American Express, please click here.

Apply Now
on American Express's secure site
Terms Apply