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

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The Business Platinum Card® from American Express
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An ideal card for business travelers

The Business Platinum Card® from American Express
Intro APR N/A
Annual Fee $695

Rates and Fees

Terms, Rates & Fees

Intro APR N/A
Purchase APR 19.49% - 27.49% Variable
Annual Fee $695
Welcome Offer Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your 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 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your 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 annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your 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 your 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.

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 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

The Business Platinum Card® from American Express was designed for business owners who spend a lot of time jet setting from place to place. 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.

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 The Business Platinum Card® from American Express a truly valuable addition to your wallet. Unfortunately, there is one significant catch — a $695 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 The American Express Blue Business Cash™ Cardcard 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 The Plum Card® from American Express, which allows business owners to finance purchases for up to 60 days.  

Is The Business Platinum Card® from American Express worth it?

There are plenty of perks associated with The Business Platinum Card® from American Express, 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 $695 annual membership fee is quite steep and places The Business Platinum Card® from American Express 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.

The Business Platinum Card® from American Express vs Gold – Which is better?

American Express offers numerous business cards, but two of the most popular are the Platinum and the American Express® Business Gold Card.  Though each has benefits, which one is best for you often depends on your spending habits.

The Business Platinum Card® from American Express 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 American Express® Business Gold Card is designed for business owners who have more eclectic spending needs. Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*.

Finally, before making a decision, it’s important to note that the Amex Business Gold card also carries a lower annual fee ($375). This can make it a better option for those who may not use the Platinum card, or its benefits, enough to merit a $695 fee.

What are The Business Platinum Card® from American Express 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 The Business Platinum Card® from American Express?

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 The Business Platinum Card® from American Express 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 The Business Platinum Card® from American Express 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 The Business Platinum Card® from American Express metal?

Yes. The Business Platinum Card® from American Express is made out of high-quality metal.

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Jennifer is a alum of the University of Denver. While in the graduate program there, she enjoyed spending time identifying ways in which non-profits and small businesses could develop into strong and profitable organizations that while promoting strong community growth. She also enjoys finding unique ways for freelancers and start-up businesses to reach and expand their goals.