If you’re into commodities trading, then you know that platinum is nearly as valuable as gold. Credit card issuers love to attach the platinum moniker to their premium rewards cards, in the hopes that customers will find them to be equally valuable.
But is a card any better just because it includes “platinum” in its name? Let’s take a look at the business credit cards labeled platinum, and see if any of them are right for you:
When most people talk about the “platinum card,” this is the one that they’re referring to.
Benefits include access to over 1,000 airport lounges that are part of the Delta SkyClub, Priority Pass Select and American Express Centurion networks. You also receive a $200 annual airline fee credit, a $100 credit toward the Global Entry application fee, and a 35% rebate on points redeemed towards eligible first and business class tickets purchased through American Express Travel. There’s a annual fee for this card, and no foreign transaction fees.
This card is designed to offer benefits to those who travel frequently with Delta Airlines. . You can also earn a $100 statement credit after you make a Delta purchase with your new card within the same time period.
Benefits when flying Delta include a free checked bag, priority boarding and a 20% savings on in-flight food and beverage purchases. Each year upon renewal, you’ll also receive a companion certificate good for one economy class, domestic round-trip ticket. There’s a Annual Fee for this card, and no foreign transaction fees.
This no-fee small business card is designed for those looking for a lower interest rate instead of rewards. Even though it doesn’t normally offer rewards for spending, new applicants can earn . It also offers an intro APR of on new purchases. There’s no annual fee for this card, but there’s a foreign transaction fee that’s
CitiBusiness/AAdvantage Platinum Select World Mastercard
This is a mid-tier frequent flyer card that offers both miles and substantial benefits. New applicants earn 30,000 American AAdvantage miles after spending $1,000 within three months of account opening. It offers 2x miles for American Airlines purchases, and one mile per dollar spent elsewhere.
Benefits include your first bag checked free, preferred boarding and an American Airlines Companion Certificate each year of cardmembership in which you spend $30,000 or more in purchases and renew your cardmembership. There’s a $95 annual fee for this card that’s waived the first year, and no foreign transaction fees.
The Business Edge Platinum Card from US Bank
Despite the “platinum” name, this is a relatively simple card that doesn’t even offer rewards. Instead, new applicants receive 12 months of 0% APR financing on new purchases and balance transfers, with a 3% balance transfer fee. There’s no annual fee for this card, but there’s a 3% foreign transaction fee.
Wells Fargo Business Platinum Credit Card
This small business credit card is designed for companies with annual sales of up to $2 million. Once approved, you’ll receive a credit line of up to $50,000 and you can earn your choice of cash-back or reward points. If you choose cash back, you earn 1.5% on all of your purchases, which is credited to your account or to your eligible checking or savings account each quarter. If you choose rewards points, then you’ll earn one point per dollar spent and 1,000 bonus points when your company spend reaches $1,000 in any monthly billing period. Points can be redeemed for gift cards, merchandise, airline tickets and other rewards, plus you get a 10% bonus when you redeem points online. There’s no annual fee for this card, and no foreign transaction fees.
Having emergency cash on hand can be your key to managing cash flow.