How to Pick a Platinum Credit Card

How to Pick a Platinum Credit Card

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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:

The Business Platinum® Card from American Express OPEN

The Business Platinum® Card from American Express OPEN
American Express is a Nav Partner
Terms and Conditions

The Business Platinum® Card from American Express OPEN

Welcome Offer: Earn up to 75,000 Membership Rewards® points. Earn 50,000 Membership Rewards® points after you spend $10,000 Learn More

When most people talk about the “platinum card,” this is the one that they’re referring to. 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 on the Business Platinum Card 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.

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 $450 annual fee for this card, and no foreign transaction fees.

Platinum Delta SkyMiles® Business Credit Card from American Express

Platinum Delta SkyMiles® Business Credit Card from American Express
American Express is a Nav Partner
Terms and Conditions

Platinum Delta SkyMiles® Business Credit Card from American Express

Earn 35,000 bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $1,000 in purchases on your Learn More

This card is designed to offer benefits to those who travel frequently with Delta Airlines. Earn 35,000 bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $1,000 in purchases on your new Card in your first 3 months.. You can also earn a $100 statement credit after you make a Delta purchase with your new card within the same time period.

Earn 2 Miles per dollar spent on purchases made directly with Delta. Earn 1 mile on every eligible dollar spent on purchases.

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 $195 Annual Fee for this card, and no foreign transaction fees.

Bank of America® Platinum Visa® Business credit card

Bank of America® Platinum Visa® Business credit card

Get a $200 statement credit when you make at least $500 in net purchases within 60 days of Learn More

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 $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening.. It also offers an intro APR of 0% for 7 billing cycles on new purchases. There’s no annual fee for this card, but there’s a foreign transaction fee that’s 3% of the U.S. dollar amount of each transaction.

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.

Business Credit Cards—Marketplace

Having emergency cash on hand can be your key to managing cash flow.
Fortunately, business credit cards can help—Browse business credit cards to find the right card and qualify in minutes!

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About the Author — Jason Steele is an expert in the credit card industry. He is frequently quoted in national media and his work is regularly featured by mainstream outlets such as Yahoo! Finance, MSN Money, and Business Insider.

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