Who Wins? Amex Business Gold vs. Amex Business Platinum

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American Express offers two flexible travel rewards credit cards for business travelers. Your two options are the Amex Business Gold Rewards and the Amex Business Platinum Card. Both cards cater to different types of business purchases, but you can still redeem your Membership Rewards points for award travel or cash rewards. Let’s see what is the best option for you.

Link to apply: The Business Gold Rewards Card from American Express OPEN

Link to apply: The Business Platinum® Card from American Express OPEN

Annual Fee

Amex Business Gold: $0 then $175
Amex Business Platinum: $450

As you might guess by the card names, the Business Gold Rewards Card from American Express has the lower annual fee. Of course, you will get fewer card benefits than the Business Platinum Card, so you will have to weigh that tradeoff.

Neither of these business credit cards charges a foreign transaction fee.

Welcome Bonus

Amex Business Gold: 50,000 Bonus Points ($500 value)
Amex Business Platinum: Up to 75,000 Bonus Points ($750 value)

The Business Gold bonus is 50,000 bonus Membership Rewards points after spending $5,000 in the first three months.

With the Business Platinum, you can take advantage of the offer to earn 75,000 bonus Membership Rewards points with these two spending milestones:

  • Earn your first 50,000 bonus points by spending $10,000 in the first three months
  • Spend an extra $10,000 ($20,000 total) in the first the months to receive the final 25,000 points

Because Membership Rewards points are worth one cent each when redeemed for air travel or gift cards, these bonus offers are respectively worth $500 and $1,000.

Depending on how you redeem your Amex Business Platinum bonus, your bonus can actually be worth $1,350 because of a 35% air travel redemption bonus.

Earning Points

Amex Business Gold: Up to 3x points on every purchase
Amex Business Platinum: Up to 5x points on every purchase

Both credit cards earn American Express Membership Rewards Points. But, you’ll need to pick which earning option is more lucrative for you.

Business Gold

The Business Gold Rewards offers a 3-2-1 tiered rewards program.

You will earn 3x back on one of the following five categories:

  • Airfare purchased directly from airlines
  • Purchases for advertising in select media (U.S. purchases only)
  • Gas Stations (U.S. purchases only)
  • Shipping (U.S. purchases only)
  • Computer hardware, software, and cloud computing services (U.S. purchases only)

The four remaining purchase categories will earn unlimited 2x points per $1 spent.

All remaining purchases will earn 1 point per $1 spent.

Business Platinum Card

The purchase rewards tiers are more straightforward with the Amex Business Platinum:

  • 5x points on all airfare purchased directly from airline or Amex Travel
  • 1.5x points on all purchases greater than $5,000
  • 1x point on all remaining purchases

Frequent flyers benefit the most from the Business Platinum because of the 5x bonus, it’s the highest reward rate for any travel rewards credit card when it comes to airline purchases.

Big spenders can also benefit greatly from the 1.5x large purchase bonus too.

Redeeming Membership Rewards Points

Your point redemption options are virtually the same for both cards. But, the Business Platinum has one exclusive redemption option. Not even the personal Platinum Card from American Express has this benefit!

Business Platinum Card 35% Redemption Bonus

Of course, the lone exception is that the Business Platinum Card gives you a 35% redemption bonus when you redeem your points for award flights on Amex Travel. This bonus is for First Class and Business Class flights. Qualifying airline redemptions can also earn the 35% redemption bonus.

If you redeem 5,000 points on an award flight, you will get 1,750 points back for a future redemption.

1:1 Point Transfers

Your points have a maximum redemption value of 1 cent on air travel or gift cards when you redeem them directly through American Express. They can be more valuable if you can transfer them to a 1:1 airline or hotel travel partner.

For the Business Gold, your transferred points only need to be worth more than 1 cent each to make the 1:1 transfer worthwhile. Since most frequent flyer miles are easily worth at least 1.3 or 1.5 cents each, this is rarely a problem.

With the Business Platinum, your transferred points need to be worth at least 1.35 cents once you factor in the 35% redemption bonus.

Some of the most valuable Membership Rewards transfer partners include:

  • ANA
  • British Airways
  • Delta SkyClub
  • Emirates
  • Etihad
  • Singapore Airlines KrisFlyer

Additional Card Benefits

The Platinum Card earns its weight in platinum with the additional card benefits. Before we cover those, let’s review which benefits both cards share:

  • Purchase Protection
  • Extended Warranty
  • Baggage Insurance (Up to $1,250 for Gold and up to $3,000 for Platinum)
  • Premium Roadside Assistance
  • $75 credit on select purchases with The Hotel Collection
  • Employee Expense Management Tools

For the most part, the Amex Business Gold primarily focuses on earning bonus points on your most common business purchases. In turn, you can redeem them for award travel on Amex Travel, transfer them to a 1:1 travel partner, or a cash reward. You probably won’t choose the Business Gold specifically for its additional card benefits.

Business Platinum Card

Platinum Business Card

The Platinum Business Card is full of additional travel benefits that primarily benefit frequent flyers:

  • $200 airline fee credit
  • Complimentary access to six airport lounge networks
  • Global Entry/TSA Precheck application fee reimbursement
  • Upgraded Hilton Honors and Starwood Preferred Guest membership status
  • Boingo Wifi Hotspot Access (More than 1,000,000 hotspots worldwide)
  • 35% airline redemption bonus
  • Special perks at FINE Hotels and Resorts

If you can benefit from these travel benefits, it can be worth springing for the Business Platinum.

When to Apply For the Amex Business Gold

You should apply for the Amex Business Gold in these instances:

  • Earn more from the 3x and 2x bonus categories
  • You don’t make $5,000+ purchases
  • Want 1:1 points transfers for the lowest annual fee possible
  • Won’t benefit from the Business Platinum’s additional travel benefits
  • Can’t meet the Business Platinum signup bonus spending requirements

Once again, you may also enjoy the Business Gold because of its multiple bonus categories. And, American Express waives the annual fee for the first year.

When to Apply for the Amex Business Platinum

The Amex Business Platinum is the better option if you can enjoy these benefits:

  • Want to earn 5x points on airline purchases
  • Make $5,000 purchases
  • Benefit from the premium air travel benefits
  • Can use the $200 air travel credit (effectively reduces the annual fee to $250)

You will benefit most from this card if you can maximize the air travel rewards and benefits. Making a large purchase is also a huge bonus too.


Both of these credit cards let you earn Membership Rewards. More importantly, you have access to 1:1 point transfers which makes each point more valuable than the average credit card rewards point. Pick the card that offers the most useful purchase rewards and additional benefits for you and you can’t go wrong.

Link to apply: The Business Gold Rewards Card from American Express OPEN

Link to apply: The Business Platinum® Card from American Express OPEN

Mary Renking

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Who Wins? Amex Business Gold vs. Amex Business Platinum
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About the Author

Mary Renking
Mary writes about how to book travel with award miles & points, reviews top travel credit cards, and basic rewards news.

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