The Business Platinum Card® from American Express
is a great option for business owners who frequently spend money on airfare, hotels stays, and other travel expenses. This card offers a competitive rewards program as well as numerous travel-focused benefits including airline fee credits access to American Express lounges around the world. Not looking for a travel-specific rewards… Continue
Rates and Fees
| Intro APR | N/A |
|---|---|
| Purchase APR | 19.49% - 28.49% Variable |
| Annual Fee | $695 |
| Welcome Offer | Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership. |
| Rewards Rate | 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com and 1X points for each dollar you spend on eligible purchases. |
Details
- Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
- 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 each eligible purchase 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 statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required. See how you can unlock over $1,000 annually in credits on select purchases with the Business Platinum Card®, here.
- $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 the Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
- $695 Annual Fee.
- Terms Apply.
Nav's Verdict
Bottom Line A premium card for the frequent business traveler who wants to take advantage of their card's benefits. Receive elite status membership and premium travel perks.
is a great option for business owners who frequently spend money on airfare, hotels stays, and other travel expenses. This card offers a competitive rewards program as well as numerous travel-focused benefits including airline fee credits access to American Express lounges around the world.
Not looking for a travel-specific rewards program? You may want to consider one of the other American Express business cards currently available. Many of these cards are specifically designed to reward you for common business expenses like office supplies, internet or phone service, and purchases at restaurants and gas stations.
Card Review Details
was designed for business owners who spend a lot of time jet setting from place to place.
In addition, this card offers a ton of annual perks, including airline credits, hotel credits, and even a $200 annual statement credit for making purchases directly with Dell. Cardholders can also take advantage of the Pay Over Time feature, which makes it possible to carry balances, with interest, on purchases over $100.
American Express also offers business owners some unique offers during their first year of membership, including a one-year membership to WeWork, which includes access to private office space, shared workspace, event space, onsite staff, Wi-Fi, and pantry amenities at over 335 workspaces worldwide — a $2,700 value.
Overall, these benefits can make a truly valuable addition to your wallet. Unfortunately, there is one significant catch — a annual membership fee.
Despite that, for business owners who have some serious travel expenses, this card can very well be worth the steep fee, but you’ll need to crunch some numbers and compare your spending to the rewards and benefits before you make that decision.
Prefer a card with a lower annual fee? You may want to consider alternative American Express business cards, like the card or . Or, if you’re loyal to Delta and are looking for an airline-specific card, you may also want to consider one of the American Express Delta Business cards.
Not looking for a rewards program? You may want to consider , which allows business owners to finance purchases for up to 60 days.
Is worth it?
There are plenty of perks associated with , and many of them are specifically designed to reward customers who use the card for all or a significant portion of their travel expenses. That’s particularly true thanks to the points program, which allows you to get the most out of your travel expenses when you book through amextravel.com.
That said, the new annual membership fee is quite steep and places at the top of the charts when it comes to fees, so business owners will need to weigh to benefit against this annual financial obligation.
If you plan on using it to book the majority of your travel, currently or intend to use WeWork, and plan to take advantage of the other benefits, like the Dell purchase credit, then it can be worth the fee, but for many business owners, that won’t be the case.
vs Gold – Which is better?
American Express offers numerous business cards, but two of the most popular are the Platinum and the . Though each has benefits, which one is best for you often depends on your spending habits.
is designed specifically for business owners with significant travel expenses. Both the rewards points tiers and the benefits can be valuable, but only if you plan on booking travel and using points to do the same. Conversely, the is designed for business owners who have more eclectic spending needs. .
Finally, before making a decision, it’s important to note that the Amex Business Gold card also carries a lower annual fee (). This can make it a better option for those who may not use the Platinum card, or its benefits, enough to merit a fee.
What are requirements?
American Express does not provide a list of specific requirements; however, you typically must be a business owner who can provide both business and personal information. This typically includes basic business information, like years in business, industry type, and company structure, as well as your estimated annual revenue.
Further, you must be able to provide your Federal Tax ID. If you’re a sole proprietor or own an LLC, then you can use your SSN. If your business is a Partnership or Coproration, then you will be required to enter your EIN.
Further, though American Express does not offer a minimum credit score requirement, customers typically have Excellent credit.
Will I get approved for ?
Approval is based on a variety of factors including your credit history and revenue. Generally, applicants are more likely to be approved if they have an excellent credit score.
How do I earn 5X Points Rewards?
To earn 5X points, you must use to make travel purchases through the Amex Travel portal. Eligible purchases included the following:
- Scheduled flights
- Prepaid hotel stays
- Prepaid hotel+flight packages
Can I still take advantage of the 100k points welcome offer?
While Amex did offer a 100k point welcome offer, at the time of publication, that offer has expired. Instead, new cardholders can now earn up to 75k points. However, it’s important to note that American Express does periodically offer new or limited time welcome offers, so it’s best to check their website for the most up-to-date information.
Does have a 150k point welcome offer?
No. While American Express did once offer new Business Platinum cardholders a 150k welcome bonus when they met certain requirements, this offer is no longer available. Instead, new card members can receive 75k points. Of course, Amex does reserve the right to change welcome offers, and so it’s important to check their site for the most up-to-date welcome offers and rewards.
Is metal?
Yes. is made out of high-quality metal.