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The Business Platinum® Card from American Express

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This article was last updated Aug 14, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Who the card is best for

The Business Platinum® Card from American Express is a fantastic business card for businesses that travel often and want to make future trips more luxurious. Beyond the rewards program, there are dozens of perks that can make flying less expensive and hassle-free, such as airline fee credits, lounge access and concierge service.

Businesses that don’t travel often may see less value with this card since it has many travel benefits and a rewards program mainly structured around travel. You may want to check out other business cards that offer cash back, high rewards for business purchases like gas, or 0% intro APR periods.

  • 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
  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all 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 1.5 points 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.
  • 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.
  • Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
  • See Rates & Fees

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

More Info

Where this card stands out in its category

The Business Platinum® Card from American Express offers exceptional perks that are second to none. Whether your business wants lounge access at over 500 airports worldwide, easy options for account management, various insurances and hotlines, or entertainment perks, this card has you covered. Additionally, you earn the highest reward rate on eligible travel purchases with this card: 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com and 1.5 Membership Rewards® points per dollar on each eligible purchase of $5,000 or more.

Where this card falls short in its category

The $595 annual fee is one of the highest among competitors. Yes, you get a lot of benefits with this card but some businesses may not see the $595 annual fee as feasible. Fortunately, there are other business cards that don’t have an annual fee or have a lower annual fee. Keep in mind you will forgo many of the exclusive perks of The Business Platinum® Card from American Express by choosing another card.

Additional card benefits

The Business Platinum® Card from American Express offers the most benefits of any business card:

  • Business Platinum Concierge: Representatives are available 24/7 to assist with any questions or requests like booking a business lunch.*
  • 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.*
  • American Express Global Lounge Collection: Travel in comfort with access to 1,000+ airport lounges in over 500 airports around the world.*
  • Fee Credit for Global Entry or TSA PreCheck mark symbol: Every 4 years you can receive a statement credit for Global Entry or TSA PreCheck mark symbol™ to make traveling less of a hassle.
  • $200 Airline fee credit: After choosing one airline, you can receive up to $200 in statement credits for checked bags, in-flight refreshments, and other fees.*
  • 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 programs: You can upgrade to Gold Status in the Starwood Preferred Guest® program and Hilton Honors™ program.
  • Boingo American Express Preferred Plan: You can access free, unlimited Wi-Fi with this plan on up to four devices at over 1,000,000 hotspots worldwide.*
  • Business Platinum travel service: Counselors are available to assist in making travel arrangements and itineraries to make traveling more efficient.
  • Account Manager: Employees or business partners can act as an Account Manager to deal with reviewing statements, making payments and other tasks.*
  • Spend Manager: 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.*
  • Baggage insurance plan: If your luggage is lost, damaged, or stolen, you may be covered for the cost when you pay for your ticket with your card. For full Terms and Conditions, see americanexpress.com/BIPterms.*
  • Travel accident insurance: You may be covered up to $100,000 for accidental death and dismemberment as a result of eligible travel fares including plane, train, ship or bus. For full terms and conditions, see americanexpress.com/TAIterms.*
  • Global dining collection: Receive special access to reservations and experiences at popular restaurants, and the opportunity to meet chefs at exclusive events.*
  • Premium Global Assist® hotline: When you travel over 100 miles from your business, you can qualify for select referrals and services including medical, legal and financial. You’re responsible for the costs charged by third-party service providers.*
  • Premium car rental privileges: At premium car rentals, you can receive complimentary membership that includes special upgrades and discounts.*
  • Premium roadside assistance: When you are present with an eligible vehicle, you can access the following services at no additional cost up to 4 times per calendar year: towing up to 10 miles, winching, jump starts, flat tire change when you have a workable spare, lockout service when key is in vehicle and delivery of up to 2 gallons of fuel. For full terms and conditions, see americanexpress.com/RAterms.*
  • Car rental loss and damage insurance: You may be covered for the cost of damage or theft when you pay for the rental with your card. For full terms and conditions, see americanexpress.com/CRLDIterms.*
  • OPEN Forum®: This forum allows you to gain knowledge from businesses and industry experts by reading articles, accessing tools and advice, and participating in discussions.*
  • OPEN Savings®: Spending at OPEN Savings merchants can earn you either a 5% discount or 2 additional Membership Rewards® points per eligible dollar spent. For full terms and conditions, go to opensavings.com.*
  • Preferred Seating: Receive exclusive access to premium seats for events.*
  • Entertainment Access®: In select cities you can gain access to exclusive events and presales for concerts, sporting events, Broadways shows and more.*

*Terms Apply.

How to use the card most effectively

The Business Platinum® Card from American Express earns 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com and 1.5 Membership Rewards® points per dollar on each eligible purchase of $5,000 or more. So, it’s beneficial to book all flights and prepaid hotels at amextravel.com to earn the high rewards rate. Use Membership Rewards® Pay with Points for all or part of an eligible fare so you can get 35% of those points back, up to 500,000 bonus points per calendar year.

If you travel frequently for business, consider applying for Global Entry or TSA PreCheck mark symbol™ to expedite airport visits. Be sure to select the airline that your business predominantly uses so you can take advantage of the $200 airline fee credit for things like checked baggage and in-flight refreshments. This card is great to use abroad since there is no foreign transaction fee and will save you the 2% to 5% fee some other cards charge.

 

To earn extra Membership Rewards® Points, meet the requirements of the Welcome Offer: Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000.

Rewards breakdown

The Business Platinum® Card from American Express offers 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com and 1.5 Membership Rewards® points per dollar on each eligible purchase of $5,000 or more. Membership Rewards® Points can be redeemed for gift cards, transfers to select frequent travel programs, points for charges, shop with points at Amazon.com and more. See membershiprewards.com/terms for the Membership Rewards program terms and conditions.

There is a Welcome Offer: Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000.

Compare it with the American Express® Business Gold Card

The Business Platinum® Card from American Express is more inclined towards businesses that travel, while American Express® Business Gold Card can be a better card for businesses that travel less frequently. This is because the rewards programs and benefits differ.

  • †4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*

  • 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*

  • No foreign transaction fees & many helpful business tools*

Highlights
  • MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month †
  • †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.*
  • EXCLUSIVE OFFERS: Get up to 1 year free on subscriptions to both G Suite Basic for up to 3 users and ZipRecruiter Standard, a combined value up to $3,188.*
  • PAY OVER TIME OPTION: A flexible payment option to help manage cash flow on purchases of $100 or more.*
  • EXPENSE MANAGEMENT TOOLS: Connect to Quickbooks, access SpendManager?, receive a Year-End Summary, and more.*
  • Add EMPLOYEE CARDS with a no annual fee option. Earn rewards on employee purchases and track employee expenses with spending limits, alerts, and summary reports.*
  • *Terms Apply
  • See Rates & Fees

See additional details for American Express® Business Gold Card

More Info

Notice the rewards of American Express® Business Gold Card are a bit more flexible and allow you to choose a category that fits your business spending to earn the higher rewards rate: American Express® Business Gold Card. Meanwhile, The Business Platinum® Card from American Express offers 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com and 1.5 Membership Rewards® points per dollar on each eligible purchase of $5,000 or more.

Regarding additional card benefits, The Business Platinum® Card from American Express has more travel-oriented perks like an airline fee credit and lounge access versus American Express® Business Gold Card.

Looking at the annual fees, American Express® Business Gold Card has a lower fee at $295, while The Business Platinum® Card from American Express is higher at $595. If your business can’t afford the higher fee, you may see more benefit in the American Express® Business Gold Card.

Here’s a breakdown of the key features of each card:

The Business Platinum® Card from American Express American Express® Business Gold Card
Annual Fee $595 $295
Rewards 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com and 1.5 Membership Rewards® points per dollar on each eligible purchase of $5,000 or more. 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
Sign Up Bonus Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 N/A
Foreign Transaction Fee N/A None

Bottom Line

The Business Platinum® Card from American Express is a stand-out business card that offers the most value of any card in its category, making the $595 annual fee worth it for businesses that frequently travel and want to enjoy over two dozen perks.


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