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Amex Platinum vs. Amex Business Platinum

Amex Platinum vs. Amex Business Platinum

*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.

This article was last updated Aug 28, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re in the market for a premium travel rewards card with a slew of valuable benefits, The Platinum Card® from American Express and The Business Platinum Card® from American Express are tough to beat.

When deciding between the two cards, know that The Platinum Card® from American Express is marketed to consumers who travel frequently and plan to take advantage of the card’s extensive benefits. And if you’re a small business owner, The Business Platinum Card® from American Express allows you to earn an influx of valuable rewards to help offset the cost of business travel.

Comparing The Platinum Card® from American Express and The Business Platinum Card® from American Express

While The Platinum Card® from American Express and The Business Platinum Card® from American Express both come with hefty annual fees, the value you can get from their rewards and elite benefits can help offset that amount each year. See how the cards compare side by side in the table below.

The Platinum Card® from American Express vs. The Business Platinum Card® from American Express

 The Platinum Card® from American ExpressThe Business Platinum Card® from American Express
Annual fee$550$595
Welcome offer75,000 Membership Rewards® Points after you use your new Card to make $5,000 in purchases in your first 6 months. Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership.
Rewards rate5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X Membership Rewards® points on prepaid hotels booked on amextravel.com.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.
Intro APR on purchasesN/AN/A
Regular purchase APRSee Pay Over Time APRTo see rates & fees for The Business Platinum Card® from American Express please click here.
Foreign transaction feesNoneNone

The Platinum Card® from American Express pros and cons

The Platinum Card® from American Express

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Rates & Fees

  • 75,000 Membership Rewards® Points after you use your new Card to make $5,000 in purchases in your first 6 months. *

  • Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually.*

  • No foreign transaction fees & exclusive airport lounge access*

Highlights
  • Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.
  • Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That’s an additional 9 points on top of the 1 point you earn for these purchases.
  • Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year.
  • 5X Membership Rewards® Points on prepaid hotels booked on amextravel.com.
  • Enjoy complimentary access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits through American Express Travel with an average total value of $550 with Fine Hotels & Resorts® program at over 1,100 properties . Learn More.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees

See additional details for The Platinum Card® from American Express

More Info

Pros

Welcome offer. The Platinum Card® from American Express offers 75,000 Membership Rewards® Points after you use your new Card to make $5,000 in purchases in your first 6 months.

If you redeem Membership Rewards points for airfare, flight upgrades or hotel stays through American Express Travel, points will be worth 1 cent each — making the current welcome bonus worth $600 in travel.

If you redeem those same points for other types of travel through American Express Travel, such as prepaid hotels or cruises, or to pay with points at participating merchants, including Amazon.com and Best Buy, they will be worth 0.7 cents each — bringing the value of the welcome bonus to $420.

Rewards rate. Cardholders earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X Membership Rewards® points on prepaid hotels booked on amextravel.com.

In addition to redeeming points for travel, gift cards, merchandise, covering card charges and paying with points at checkout, Membership Rewards points can be transferred (mostly at a rate of 1:1) to 22 airline and hotel partners, including AeroMexico, Air France KLM, British Airways, Delta Air Lines, JetBlue Airways and more.

Global Lounge Collection®. Access more than 1,200 airport lounges across 130 countries, including The Centurion® Lounge,The International American Express lounges, Delta Sky Club® and Priority Pass™ Select lounges.

Best Airport Lounge Access: The Platinum Card® from American Express

Airline fee credit. Choose one qualifying airline and receive up to $200 in statement credits per calendar year to cover incidental fees, such as checked bags and in-flight refreshments.

You may change your qualifying airline one time each year in January here or by calling the number on the back of your card.

Select streaming and wireless services credits. Receive up to $320 in statement credits when you use your card on select streaming and wireless telephone services purchased directly from U.S. service providers, up to $20 per month on each. Offer valid May through December 2020.

Hotel credit. After spending $800 or more on prepaid Fine Hotel + Resorts bookings by Dec. 7, get a one-time $150 statement credit. Enrollment is required and limited.

Up to $200 in Uber credit. Receive $15 in Uber Cash for rides or eats orders in the U.S. each month, plus a $20 bonus in December — for a total of up to $200 per year. You also get automatic Uber VIP status.

Shop with Saks benefit. Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com. Enrollment is required.

Global Entry or TSA Precheck credit. Get up to $100 every four years to cover your Global Entry or TSA Precheck application fee.

Additional benefits. Automatic Marriott Bonvoy Gold Elite Status and Hilton Honors Gold Status, car rental loss and damage insurance, trip delay insurance, trip cancellation insurance, return protection, preferred seating for select events, extended warranty, complimentary American Express Gold card and more. As for foreign transaction fees, there are none.

Cons

Annual fee. The Platinum Card® from American Express charges a pricey annual fee of $550. However, if you take advantage of the card’s valuable benefits, including the $200 airline fee credit, $200 Uber credit and airport lounge access, those can easily offset much of that fee each year.

Modest rewards on general purchases. While The Platinum Card® from American Express offers an elevated rewards rate on select travel purchases, all other purchases, including dining, gas, groceries, car rentals and cruises, only earn 1 point per dollar.

To see rates & fees for The Platinum Card® from American Express please click here.

The Business Platinum Card® from American Express pros and cons

  • Earn up to 75,000 Membership Rewards® points*

  • Complimentary access to over 1000+ airport lounges*

  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more*

Highlights
  • Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your 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.
  • 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.
  • PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more.
  • Terms Apply.
  • See Rates & Fees

See additional details for The Business Platinum Card® from American Express

More Info

Pros

Welcome bonus. The Business Platinum Card® from American Express offers the following welcome bonus: Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership.

The Business Platinum Card® from American Express shares the same rewards value as The Platinum Card® from American Express — meaning, its welcome bonus is worth $750 when redeemed for airfare, flight upgrades and hotel stays through American Express Travel, $525 when used to pay with points at checkout and $450 when used to over previous charges.

Rewards rate. Cardholders earn 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.

For example, if you spend $10,000 on office equipment, you’ll earn 15,000 points on that purchase (instead of 10,000 points). You can get a maximum of 1,000,000 extra points associated with this benefit per calendar year, per account.

Airline bonus. When you use Membership Rewards Pay with Points for all or part of an eligible fare, receive 35% of those points back — up to 500,000 points back per calendar year.

Annual Dell Technologies credit. Get up to $100 in statement credits from July 1 through Dec. 31, 2020 for U.S. purchases with Dell Technologies. Enrollment required.

Wireless and shipping credits. Receive up to $20 in statement credits per month when you use your card on wireless telephone services purchased directly from U.S. service providers from May 1 through Dec. 31, 2020. Also receive $20 in statement credits per month when you use your card on eligible U.S. shipping purchases from May 1 through Dec. 31, 2020.

$200 airline fee credit. Choose one qualifying airline and receive up to $200 in statement credits per calendar year to cover incidental fees, such as checked bags and in-flight refreshments.

You can change your qualifying airline one time each year in January here or by calling the number on the back of your card.

Global Lounge Collection®. Access more than 1,200 airport lounges across 130 countries, including The Centurion® Lounge, The International American Express lounges, Delta Sky Club® and Priority Pass™ Select lounges.

Credit Cards with Unlimited Lounge Access

Additional benefits. Up to $100 Global Entry or TSA Precheck application fee credit, automatic Marriott Bonvoy Gold Elite Status and Hilton Honors Gold Status, car rental loss and damage insurance, trip delay insurance, trip cancellation and interruption insurance, baggage insurance, return protection, preferred seating for select events, extended warranty, complimentary American Express Gold card and more. As for foreign transaction fees, there are none.

Cons

High spend threshold to earn bonus. The Business Platinum Card® from American Express offers a higher welcome bonus than The Platinum Card® from American Express; however, the card also requires a much higher spend threshold to earn the bonus. Cardholders are required to spend $15,000 in the first three months of card membership with the business card, compared to $5,000 in the first three months with the consumer card.

Annual fee. The Business Platinum Card® from American Express also comes with a slightly higher annual fee than The Platinum Card® from American Express. That said, the value you can get from The Business Platinum Card® from American Express’s credits, lounge access and other benefits can help offset the $595 annual fee each year.

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

Is the Amex Business Platinum Worth It? A List of Benefits

Which credit card is right for you?

The Platinum Card® from American Express and The Business Platinum Card® from American Express are impressive cards if you’re in the market for a premium travel rewards card, since they both offer generous travel rewards, a variety of redemption and transfer options and extensive benefits, such as Global Entry or TSA Precheck credits and lounge access.

Ultimately, the right card for you comes down to whether or not you ‘re a small business owner. Applicants for The Business Platinum Card® from American Express will need to provide their business tax ID, business revenue and business name on the application form. If you’re not a business owner, you can apply for the consumer version of the card.

Also, know that both cards require that you have excellent/good credit in order to be approved.

Chase Sapphire Reserve vs. The Platinum Card® from American Express: Is It Foolish to Have Both Cards?


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