Our Take
4.8
The bottom line:
The Business Platinum Card® from American Express
on American Express' website
More details from American Express
- Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the 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, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required. See how you can unlock over $1,000 annually in credits on select purchases with the Business Platinum Card®, here.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to the Card.
- $199 CLEAR® Plus Credit: Use your card and get up to $199 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the 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.
View Rates & Fees
Pros & Cons
Pros
- Lounge membership
- Transfer partners
- Bonus categories
- Automatic elite status
- Premium travel protections
Cons
- High annual fee
- Complicated rewards
- Requires good/excellent credit
Compare to Other Cards
at American Express | at Chase | at American Express |
Annual fee $695 | Annual fee $95 | Annual fee $375 |
Regular APR 18.99%-27.99% Variable APR | Regular APR 20.74%-25.74% Variable APR | Regular APR 18.99%-27.99% Variable APR |
Intro APR N/A | Intro APR N/A | Intro APR 0% intro APR on purchases for 6 months from the date of account opening |
Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent |
Full Review
The Business Platinum Card® from American Express is best for small-business owners who:
- Regularly travel and use airport lounges.
- Want to gain elite status with Hilton and Marriott.
- Prioritize perks over spending rewards.
- Will take advantage of the Business Platinum Card’s myriad statement credits.
Key features of The Business Platinum Card® from American Express
- 5 Membership Rewards points per dollar spent on flights and prepaid hotels booked through amextravel.com.
- 1.5 points per dollar on certain business categories (such as electronics and software) and eligible purchases of $5,000 or more for up to $2 million spent per calendar year.
- 1 point per dollar on all eligible purchases.
- Terms apply.
- Aer Lingus (1:1 ratio).
- AeroMexico (1:1.6 ratio).
- Air Canada. (1:1 ratio).
- Air France/KLM (1:1 ratio).
- ANA (1:1 ratio).
- Avianca (1:1 ratio).
- British Airways (1:1 ratio).
- Cathay Pacific (1:1 ratio)
- Delta Air Lines (1:1 ratio).
- Emirates (1:1 ratio).
- Etihad Airways (1:1 ratio).
- Hawaiian Airlines (1:1 ratio).
- Iberia Plus (1:1 ratio).
- JetBlue Airways (2.5:2 ratio).
- Qantas (1:1 ratio).
- Qatar Airways (1:1 ratio).
- Singapore Airlines (1:1 ratio).
- Virgin Atlantic Airways (1:1 ratio).
- Choice Hotels (1:1 ratio).
- Hilton Hotels & Resorts (1:2 ratio).
- Marriott Hotels & Resorts (1:1 ratio).
- Pay Over Time: This is an optional feature that allows you to carry a balance from one month to the next, just like purchases on a regular credit card. If you have this option activated, purchases of $100 or more are automatically classified as Pay Over Time.The ongoing APR is 18.99%-27.99% Variable APR. AlthoughThe Business Platinum Card® from American Expressdoes not have a preset spending limit, it does impose a limit on your Pay Over Time balance; any purchases above that limit become Pay In Full. Terms apply.
- Pay In Full: These purchases must be paid off completely each month, so they do not incur interest. All purchases of less than $100 are Pay In Full, as are any purchases over your Pay Over Time balance limit. If you choose not to use Pay Over Time, then all purchases are Pay In Full. Terms apply.
- Airline fee credit. Up to $200 a year in credit for incidental fees on one airline, such as checked bag fees or in-flight refreshments or entertainment, but not airfare or seat upgrades. Each year, you select an airline to use this credit with.
- CLEAR Plus credit: Receive a statement credit of up to $199 annually toward the cost of a CLEAR Plus membership when you pay for it with your Business Platinum Card.
- Trusted traveler program application fee credit. When applying for the Global Entry or TSA Precheck programs, you'll receive a credit of $100 or $85, respectively, for the application fee when it's charged to the card. Cardholders are eligible every 4.5 years for Precheck or every four years for Global Entry.
- Global Lounge Collection. Get access to more than 1,400 airport lounges worldwide, including the issuer's own Centurion Lounges, Delta Sky Clubs (when flying Delta) and Priority Pass lounges, among others.
- Hotel status. Automatically qualify for Gold status in the Marriott Bonvoy and Hilton Honors programs, and reap upgrades elsewhere.
- Airline redemption bonus. When you redeem points for eligible flights through American Express Travel, get back 35% of those points. Eligible flights include all fare classes on your selected qualifying airline or first- or business-class fares on any airline.
- $400 Dell statement credit: $200 in the first half the year and another $200 in the second half.
- Terms and conditions apply.
Why you'd want The Business Platinum Card® from American Express
Luxury perks and benefits
Lounge access
Potential for big bonus
Why you might want a different card
Low rewards rate for a premium card
- Ink Business Preferred® Credit Card: Earn 3 points per $1 on the first $150,000 spent in the following categories each year: travel, shipping, select advertising and internet, cable and phone services. You’ll get 1X points on all other purchases.
- U.S. Bank Business Altitude™ Connect World Elite Mastercard®:Earn 5X points on prepaid hotels and car rentals booked directly in the Rewards Center. Earn 4X points on travel, gas and EV charging stations on the first $150,000 in combined annual spend. Earn 2X points on dining, takeout, restaurant delivery and cell service providers. Earn 1X points on all other eligible spend.
High annual fee
Is The Business Platinum Card® from American Express right for you?
on American Express' website