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Possibly the most luxurious business credit card is The Business Platinum Card® from American Express. If you travel often and want some high-end benefits, this can be one of your best options. This Amex Business Platinum Card review will help you can decide if this American Express Platinum business card deserves a spot in your wallet.
You will have the opportunity to earn 75,000 Membership Rewards as part of the welcome offer. To earn the 75k, you’ll have to spend $15,000 on qualifying purchases within the first 3 months of card membership.
In addition to the points, you can enjoy free airport lounge access, travel credits, and flexible point redemption options as well.
Here’s what you need to know about The Business Platinum Card® from American Express.
Key Features of the Business Platinum Card from American Express
The Business Platinum is a benefit-rich business credit card. These are some of the benefits available to you:
- $200 airline fee credit
- Complimentary airport lounge access to Centurion, Priority Pass, and other networks
- Global Entry or TSA PreCheck application fee credit
- Earn 5x point on flights and prepaid hotels booked on AmexTravel.com
- 1.5 points per $1 on eligible purchases of $5,000 or more (up to 1 million points annually)
- 35% points back when booking award flights at amextravel.com on qualifying airlines, up to 500,000 points annually
- 1:1 airline and hotel point transfers
Another business perk you may appreciate is a Dell Small Business statement credit. To get the credit, cardholders must enroll to get up to $200 in annual Dell statement credits (cardholders get up to $100 semi-annually for U.S. Dell purchases – terms apply).
As you can see, the Business Platinum Card is a premium rewards credit card at its core. You will benefit the most from this card if you can regularly use the key benefits.
If you aren’t interested in so many benefits or want a rewards credit card but don’t think the Amex Business Platinum card is the option for you, check out the best rewards credit cards or the best credit cards for travel purchases posts. If you are looking for business credit cards, you may want to review the best Chase business credit cards for comparison.
Still, the Amex Business Platinum can be worthwhile, depending on your needs.
Welcome Offer for the Amex Business Platinum Card
The Business Platinum Card® from American Express cardmembers can earn 75,000 bonus Membership Rewards points. You earn the full bonus amount by spending $15,000 on qualifying purchases in the first 3 months of account opening.
The minimum spend requirements are a lot higher than many other business credit cards. But if you know you will have big purchases, that may make it easier to earn the bonus.
Earning Membership Rewards
Every purchase earns up to 5x American Express Membership Rewards per $1 spent:
- 5x points on airfare and prepaid hotels booked through AmexTravel.com
- 1.5x points on purchases larger than $5,000 (up to a million points annually)
- 1x point on everything else that is eligible
All bonus categories earn unlimited points so you don’t have to worry about quarterly or annual spending caps.
This card is one of the fastest ways to earn bonus points on airfare purchases. When most credit cards award up to 3 points per $1 at best, you get 5 points per $1. You can easily book award flights through American Express or transfer to one of the airline transfer partners.
The 50% bonus also makes The Business Platinum Card® from American Express one of the best credit cards for large purchases.
Redeeming Points With the Amex Business Platinum Card
The most valuable point redemptions are for award travel. Specifically, they are best for award flights either through AmexTravel.com or the airline transfer partners.
You should avoid redeeming your points for cash rewards as they will most likely be worth less than 1 cent each.
35% Points Back
Your points are essentially worth 1.35 cents each when booking award flights through AmexTravel.com. Each point is worth 1 cent each when booking the flight and you get 35% of them back for your next redemption. For example, redeeming 10,000 points books a $100 flight and Amex puts 350 points back into your account.
This redemption bonus applies to one airline of your choice. Any first-class and business class ticket booked on another airline can also earn points back.
It’s possible to get up to 500,000 points back each year.
Airline Point Transfers
There are currently 19 airline transfer partners where you can transfer your Membership Rewards and book award flights directly through the airline. Most partners let you transfer on a 1:1 basis in 1,000 point increments.
Domestic airline partners include Delta, Hawaiian (who is having their own Hawaiian Airline credit card bonuses), and JetBlue. Some of the top international partners include Asia Miles, British Airways, Etihad, Singapore Airlines.
Point transfer can make your points more valuable as airlines typically offer the best award redemption rates. However, you will need a flexible travel schedule and exert a little more effort to find award space.
These complimentary frequent flyer benefits help make the $595 annual fee (See Rates & Fees) worth it.
$200 Airline Fee Credit
This credit reimburses incidentals like checked baggage fees or in-flight purchases with one airline of your choice.
Global Lounge Collection
You have complimentary access to several airport lounge networks. The Centurion, International American Express, and Priority Pass lounges might be the most common ones you visit. Delta Sky Clubs are an option with an active Delta itinerary.
Escape, Plaza Premium, and Air Space are also part of the Global Lounge Collection.
Global Entry or TSA PreCheck Fee Credit
Save up to $100 the next time you apply for Global Entry or TSA PreCheck. Amex will reimburse your application fee.
Upgraded Hotel Elite Status
Owning The Business Platinum Card® from American Express also means you get automatic Hilton Honors gold status and Marriott Bonvoy gold elite status.
Staying at Fine Hotels and Resorts lets you get a $100 amenity credit, free WiFi, daily breakfast for two, and space-available room upgrades.
You will also enjoy up to $3,000 in lost or damaged baggage protection. Secondary rental car collision damage waiver coverage and premium roadside assistance can also save you money when renting a car.
Business Benefits of the Amex Business Platinum Card
The Amex Business Platinum Card can make it easy to maximize your air and hotel travel. This card also offers several business benefits.
$200 Dell Small Business Statment Credit
Amex gives you a statement credit for the first $100 spent at Dell Small Business in the first six months and second six months of each calendar year. Enrollment is required and terms do apply.
Vendor Pay by Bill.com
The first user gets free Basic Plan access at Bill.com to pay vendors.
You can monitor your spending by each employee through QuickBooks.
Card Fees of the Business Platinum Card from American Express
The annual fee for the primary card is $595 per year (See Rates & Fees).
Additional Platinum Cards cost $300 each or you can opt for Business Gold Cards which cost $45 each.
Positives and Negatives
Here are some of the pros and cons of The Business Platinum Card® from American Express.
- Earn up to 5x points per $1 spent
- Get 35% points back when booking award flights
- 1:1 point transfers to airline and hotel partners
- $200 airline fee credit
- Complimentary airport lounge access
- Welcome offer of up to 75,000 bonus points
- Welcome offer has a high minimum spend
- No bonus points for daily business purchases less than $5,000
- $595 annual fee
If you can’t benefit from the travel perks, the American Express® Business Gold Card lets you earn 4x points on your business spend (you earn on 2 select categories in which you spend the most monthly). You can also get 25% points back on award flights booked through AmexTravel.com. The Business Gold Card also has a more reasonable $295 annual fee (See Rates & Fees).
The American Express Business Gold Card welcome offer is the ability to earn 35,000 points after you spend $5,000 on eligible purchases within the first 3 months of account opening.
Summing Up the Amex Business Platinum Card Review
The Business Platinum Card from American Express is one of the most luxurious business credit cards you can own. It’s worth it if you travel often and you can use the various air travel benefits. The flexible award flight redemption options also make it easy to redeem your points and save a small fortune on business travel.
Learn more: Business Platinum Card® from American Express
Business Platinum Card from American Express Changes Coming
Editor’s Note: Most of the changes listed below have taken place. This post has been updated to reflect the current offer. While the annual fee has increased, the perks can help offset the fee and there’s a bonus offer worth noting. Keep reading to learn more.
If you’re thinking about getting The Business Platinum Card® from American Express, you might want to do it soon to take advantage of the large welcome bonus. No, this card isn’t going away. Yes, it’s $450 annual fee increased and is currently set at $595 (See Rates & Fees).
While we never like to see an annual fee increase, the American Express Business Platinum credit card is offering more card benefits to offset the rate hike.
If you’re a big credit card spender or have a big purchase to make and want travel rewards, you will like The Business Platinum Card® from American Express. New cardholders have the opportunity to earn 75,000 Membership Rewards as part of the welcome offer.
To earn the 75k, you’ll have to spend $15,000 on qualifying purchases within the first 3 months of card membership.
Amex Business Platinum Annual Fee Increases to $595
Let’s get the bad news out of the way first. The Business Platinum has followed suit with the personal Platinum Card from American Express that raised its fee to $550 in 2017 when it underwent benefit enhancements.
Until February 2019, the Business Platinum annual fee remained at $450. After this date, the annual fee increased to $595 for applicants. Existing cardholders will pay the higher annual fee when their card renews on or after February 2019.
As always, you won’t pay a foreign transaction fee on any international purchase.
Two American Express Business Platinum Card Benefits
The $145 annual fee increase is quite a jump for some people. But, maybe these additional benefits can convince you to keep your Business Platinum. Two benefits started in February 2019.
Also, Fine Hotels and Resort $75 on-site credit is now worth $100.
$200 Statement Credit with Dell
If you enjoy using Dell laptops and equipment, you will now get a $200 statement credit. To redeem the credit, you must purchase directly from Dell. This benefit is called “Shop Dell with Business Platinum.”
You must enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. This means you can get up to $100 in statement credits between January and June and up to $100 in statement credits between July and December for U.S. purchases with Dell on your enrolled Business Platinum Card (equal to up to $200 in statement credits annually). Terms do apply so be sure to check the fine print.
Shop with Dell can be similar to one of the Amex Platinum benefits, a $100 Saks Fifth Avenue shopping credit. Amex divides this credit into two $50 statement credits to shop at Saks in the first and second half of the year.
Benefits That Aren’t Going Away from the Business Platinum Card from American Express
While some credit cards have reduced their card benefits in 2018, the remaining Business Platinum Card benefits remain intact. These are some of the benefits you will continue to enjoy.
5x Membership Rewards Points on Airfare and Hotels
You earn 5 Membership Rewards points per $1 spent on airfare and hotels booked through Amex Travel. This is one of the highest reward rates you’ll earn from a flexible travel rewards credit card.
When you make large purchases of at least $5,000, you also earn 1.5 points per $1 spent instead of the base award rate of 1 point per $1.
Flexible Point Options
You can also transfer American Express points (known as Membership Rewards Points) on a 1:1 basis to many of the largest airline loyalty programs. Some of these programs include Delta Airlines, Emirates, Avianca LifeMiles, and JetBlue.
You might also find a better deal redeeming your miles for award flights on Amex Travel. You get a 35% redemption bonus (up to 500,000 points annually) when you book first class and business class award flights. Since premium cabin flights usually have a better redemption value, point transfers should still be your first choice.
But, this is a good way to maximize your points when award flights aren’t available or if you fly an airline that isn’t a Membership Rewards transfer partner.
$200 Airline Fee Credit
Each year, American Express covers the first $200 in baggage fees and in-flight purchases for the airline of your choice.
Global Lounge Collection Access
Air travelers wanting to live the lifestyle of the rich and famous will also enjoy the free airport lounge access. As The Business Platinum Card® from American Express cardholder, you have access to several lounge networks including:
- The Centurion
- International American Express
- Priority Pass
- Delta SkyClub
Lounge locations will continue to open throughout 2019, so you will have more places to relax when waiting to catch your next flight.
Global Entry or TSA PreCheck Application Fee Reimbursement
Your application fee for Global Entry or TSA PreCheck is also reimbursed each time you apply for clearance. This is one benefit of The Business Platinum Card® from American Express that you’ll appreciate if you travel often for business.
Accelerated Hotel Loyalty Status
You can also get automatic Marriott status and Hilton Honors Gold Status. Benefits include space-available room upgrades, point earning bonuses, and other on-site perks.
Alternatives to the American Express Business Platinum
Don’t feel like you will get enough mileage from the upcoming benefits to justify the fee hike? What makes The Business Platinum Card® from American Express unique is that it’s a premium business rewards card. Most business credit cards charge an annual fee of $100 or less but don’t offer the same level of benefits.
For that reason alone, you might decide to go with the Business Platinum. Or, you can try one of these cards instead.
American Express Business Gold Card
The American Express® Business Gold Card earns 4x points on the 2 select categories where your business spent the most each month (the 4x points apply to the first $150,000 in combined purchases annually, all other purchases earn 1x per $1 spent). Your bonus category options include:
- Airfare purchased directly from airlines
- Gas stations (U.S. purchases)
- Shipping purchases (U.S. purchases)
- Restaurants (U.S. purchases)
- TV, radio, and online advertising (U.S. purchases)
- Computer hardware, software, and cloud solutions technology provider (U.S. purchases)
Cardholders also have access to a Pay Over Time Option, which is a flexible payment option, with interest, to help manage cash flow on purchases of $100 or more (terms apply).
You can compare the Amex Business Gold vs Amex Business Platinum if you want more information.
Chase Ink Business Preferred
You might decide to switch credit card rewards programs altogether. The Ink Business Preferred® Credit Card earns up to 3 points per $1 on travel and business purchases. It also has 1:1 transfer partners. Many partners overlap with Membership Rewards but you may find the Chase offers more suitable for your needs. You have exclusive access to United Airlines and Southwest Airlines too.
Compare the American Express Business Platinum vs Chase Ink Business Preferred if this sounds like something that may be of interest.
Summary of the Business Platinum Card from American Express Changes
Here’s a quick summary. The American Express Business Platinum offers a $200 Dell shopping statement credit. But, the annual fee also increased from $450 to $595. If you applied for the Business Platinum before the annual fee increased, you paid $450 for the first year and $595 when it’s time to renew your membership.
Learn more: Business Platinum Card® from American Express
For rates and fees of The Business Platinum Card® from American Express, please click here.
For rates and fees of the American Express® Business Gold Card, please click here.
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Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
- 1 Key Features of the Business Platinum Card from American Express
- 2 Welcome Offer for the Amex Business Platinum Card
- 3 Earning Membership Rewards
- 4 Redeeming Points With the Amex Business Platinum Card
- 5 Travel Benefits
- 6 Business Benefits of the Amex Business Platinum Card
- 7 Card Fees of the Business Platinum Card from American Express
- 8 Positives and Negatives
- 9 Summing Up the Amex Business Platinum Card Review
- 10 Business Platinum Card from American Express Changes Coming
- 11 Amex Business Platinum Annual Fee Increases to $595
- 12 Two American Express Business Platinum Card Benefits
- 13 Benefits That Aren’t Going Away from the Business Platinum Card from American Express
- 14 Alternatives to the American Express Business Platinum
- 15 Summary of the Business Platinum Card from American Express Changes