The Business Platinum Card® from American Express Review: Premium Travel Perks

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The Business Platinum Card from American Express

Savvy business owners know how to spend money wisely — including how to maximize credit card rewards. 

If you’re looking for a premium business credit card and are willing to do the legwork to earn and redeem rewards, The Business Platinum Card® from American Express just might fit the bill. 

However, this business card is not for everyone — its annual fee is high enough to exclude a large percentage of business owners. But in return for that fee, you get plenty of lucrative benefits.

The Business Platinum Card® from American Express

  • Rewards rate: 5x points on prepaid flights and hotels with amextravel.com; 1.5x points on eligible purchases of over $5,000; 1.5x points on certain business expenses including electronic goods retailers; 1x points on all other purchases
  • Welcome offer: 150,000 Membership Rewards® points after spending $20,000 in the first 3 months
  • Annual fee: $695 (rates and fees)

. . .

Overview of The Business Platinum Card® from American Express

For businesses with fairly substantial annual spending, The Business Platinum Card® from American Express may be the ideal way to earn rewards while snagging great travel perks. 

It has a steep annual fee, though, so you’ll need to analyze the card’s rewards program carefully before committing to it. 

The card does offer numerous valuable benefits. You’ll get credits for expenses like CLEAR Plus membership, TSA PreCheck, airline fees, and Dell purchases, all of which can help you recoup the annual fee. 

However, unless you plan to book quite a bit of travel through the American Express travel portal, you might think twice about this card. The highest rewards earning category is 5 points per dollar on hotels and flights — but only if prepaid through amextravel.com. 

Pay attention to your balance with this card as well. Certain purchases, up to a preset limit, can carry a balance. That’s your “Pay Over Time” option, which charges interest. Beyond that limit, you must pay all other balances in full (which can be a good feature as it minimizes how much you accumulate in interest). 

Pros

  • Bonus rewards for travel booked via amextravel.com
  • Numerous travel benefits like lounge access, credits, and insurance protections
  • No foreign transaction fees

Cons

  • High annual fee
  • Very specific rewards categories
  • High minimum spend to earn welcome bonus

Welcome Offer

You’ll want to be strategic with your timing if you open The Business Platinum Card® from American Express, as the welcome offer has a high spending requirement. But if you know you’ll be making some pricey purchases soon, then you can earn a lot of bonus points.

The Amex Business Platinum currently has a welcome offer of 150,000 bonus Membership Rewards points after you spend $20,000 within three months of opening the account.

Earning Rewards

Earning Membership Rewards points is a bit more complex with the Amex Business Platinum than with some other cards, but you can certainly get a lot of bang for your buck. 

Here’s how to earn rewards with the card:

  • Receive 5 points per dollar spent on prepaid hotels and flights booked through amextravel.com.
  • Receive 1.5 points per dollar on eligible purchases from U.S. construction material and hardware suppliers, electronic goods retailers and software and cloud system providers, and shipping providers.
  • Receive 1.5 points per dollar on large purchases ($5,000 or more), up to $2 million each calendar year.
  • All other purchases earn 1 point per dollar.

Learn more about The Business Platinum Card® from American Express.

Redeeming Rewards

Options for redeeming your Amex Business Platinum points include cash, gift cards, merchandise, and booking entertainment and travel.  

One of the most lucrative ways to use your rewards, however, is by transferring points to a travel partner, which often yields the highest value per membership point. 

American Express partners with brands like Air Canada Aeroplan, Delta SkyMiles, Hilton Honors, and Marriott Bonvoy. 

You can check the full list of travel partners and their transfer rates on the Amex website, to determine how much your points could be worth. For example, 5 Membership Rewards points equal 6 Marriott Bonvoy points. 

READ MORE: How To Maximize Credit Card Rewards

American Express Platinum Business Card Benefits

If you’re big on travel benefits and premium experiences, that’s where this card really shines. 

You’ll get a rich assortment of benefits, from reimbursement for TSA PreCheck and certain airline fees to elite hotel status and valuable travel protections. 

Most of these statement credits require you to enroll, so don’t ignore that step. 

Business benefits

  • Up to $400 Dell statement credit (enrollment required)
  • Up to $360 annual statement credit for Indeed purchases (enrollment required)
  • Up to $150 annual credit for business subscriptions from Adobe (enrollment required)
  • Up to $120 annual credit for purchases from U.S. wireless phone carriers (enrollment required)

Travel benefits:

  • Global Lounge access for over 1,400 airport lounges across 140 countries
  • Maximum of $200 annual credit for eligible airline fees
  • $189 credit annually for CLEAR Plus membership
  • Up to $100 fee credit for TSA PreCheck or Global Entry* for expedited security passage
  • Complimentary Marriott Bonvoy® Gold Elite Status and Hilton Honors™ Gold Status (enrollment required)
  • Fine Hotels + Resorts® program for luxury hotel experiences with an average $600 value over a two-night stay (perks like late checkout, daily breakfast, and room upgrades)
  • No foreign transaction fees
  • Preferred Access for sporting and cultural events 
  • Global Dining Access by Resy for exclusive dining experiences
  • Premium car rental privileges (upgrades, discounts, and priority service)
  • Business Platinum Travel Service with access to travel counselors and customized itineraries
  • Baggage insurance**
  • Car rental loss and damage insurance***
  • Trip delay insurance****
  • Trip cancellation/interruption insurance****

As you can see, the card offers plenty of value to offset the annual fee, since the business-related credits are worth $1,030 alone, and other travel credits are worth hundreds of dollars more. 

READ MORE: Baggage Delay Insurance: How It Works

Who Should Get The Business Platinum Card® from American Express?

Business owners with larger budgets are the ideal cardholders for The Business Platinum Card® from American Express. With such a high annual fee, your spending needs to keep up. 

If you plan to spend in the top rewards categories of construction materials, electronic goods, software and cloud system providers, or purchases over $5,000, then you’ll earn the 1.5x rate. 

The amextravel.com portal allows you to maximize your rewards. Businesses that book hotels and flights primarily this way should consider this card, as well as those who enjoy perks like upgraded status on stays at Hilton and Marriott Bonvoy properties.

Who Shouldn’t Get The Business Platinum Card® from American Express?

The Amex Business Platinum isn’t the best option for those who want very flexible rewards. Although the 5x points rate is appealing, it’s only usable if you book travel through the American Express travel portal. 

Businesses with lower overall spending and little need for premium travel perks can also find a card with more useful rewards and a much lower annual fee. 

American Express Platinum Business Card vs. Personal Card

American Express offers two options for the Platinum Card: one for business use and one for personal use. 

They both come with the same annual fee, a base earning rate of 1x, and 5x points on flights and prepaid hotels booked with Amex Travel. However, The Platinum Card® from American Express also earns 5x points on flights booked directly with airlines, while the business card offers 1.5x rewards for business purchases such as software and shipping.

The Amex Business Platinum also comes with a much higher welcome offer, but requires a much higher spending — which isn’t surprising considering businesses typically spend more than an individual person would.

While it may be tempting to use your business card for personal expenses — say, to ship birthday presents to friends overseas so you can earn 1.5x points or to tap into the higher welcome offer — it’s important to keep your personal and business costs separate.

Not only will it make your life easier come tax time, but you could avoid some nasty surprises.

Learn more about The Business Platinum Card® from American Express.

Alternatives to The Business Platinum Card® from American Express

The Amex Business Platinum isn’t the only card that rewards business spending with great travel perks. Check out these alternatives. 

Business Platinum Card® vs. Chase Sapphire Reserve®

  • Rewards rate: 10x points on hotel stays and car rentals through Chase Travel℠; 5x points on dining purchases through Chase Ultimate Rewards and on Lyft purchases (through March 2025); 5x points on flights booked through Chase Travel℠ (after the first $300 is spent on travel purchases annually); 3x points on restaurants and travel; 1x points on everything else
  • Welcome offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
  • Annual fee: $550
chase sapphire reserve

. . .

If you’re fine with a relatively high annual fee but want greater rewards flexibility, the Chase Sapphire Reserve® is a solid alternative to the Amex Business Platinum. The annual fee is lower, and you only need to spend $4,000 in the first three months to earn a 60,000-point bonus. 

In terms of travel rewards, the Sapphire Reserve is equivalent or superior to the Amex Business Platinum. You receive travel accident coverage and medical, dental, and emergency services reimbursement. 

Plus, you still earn the 5x point rate on flights through Chase Travel℠, in addition to 10x points on hotels and dining (after your first $300 in travel spending per year). 

Much like the Amex Business Platinum, the Chase Sapphire Reserve offers partner benefits from brands like DoorDash, Lyft, Peloton, and Instacart, as well as premium hotel experiences and global airport lounge access. 

Learn more about the Chase Sapphire Reserve® or read our full review.

Business Platinum Card® vs. Chase Ink Business Preferred® Credit Card

  • Rewards rate: 3x points on every dollar spent on shipping, advertising with social media and search engines, internet, cable, phone, and travel — up to the first $150,000 spent in combined purchases in these categories; 1x per dollar spent everywhere else
  • Welcome offer: Earn 100,000 bonus points after you spend $8,000 in purchases in the first 3 months
  • Annual fee: $95
Ink Business Preferred Credit Card

. . .

If you need a simpler rewards credit card and don’t want to keep track of the numerous credits offered by the Amex Business Platinum, consider the Chase Ink Business Preferred® Credit Card. It’s available for a much lower annual fee than the Amex Business Platinum. 

With the Ink Business Preferred, you receive a 100,000-point welcome bonus after spending $8,000 in the first three months. 

You’ll then earn 3x points per dollar on the first $150,000 in purchases in shipping, advertising through social media and search engines, telecom services, and travel. Past that, your rewards earning drops to 1 point per dollar, so this could be an ideal card for businesses whose spending is below that annual benchmark. 

With the Ink Business Preferred, you can transfer points to several hotel and airline partners at a 1:1 ratio. And while points can always be redeemed for cash or statement credits, you’ll maximize benefits by redeeming them for travel through Chase Travel℠. 

Learn more about the Chase Ink Business Preferred® Credit Card

The Business Platinum Card® vs. American Express® Business Gold Card

  • Rewards rate: 4x points in two categories where you spend the most each month, up to $150,000 in combined purchases (1x thereafter); 3x points on flights and prepaid hotels booked on amextravel.com; 1x points on everything else
  • Welcome offer: 70,000 bonus points after you spend $10,000 in the first 3 months
  • Annual fee: $375 (rates and fees)
American Express Business Gold Card

. . .

Before deciding on the Amex Business Platinum, you might want to check out the Gold tier version of the same card. For a lower annual fee, you’ll get many of the same rewards and benefits as the Amex Business Platinum. 

The American Express® Business Gold Card has a different rewards earning system that might work more seamlessly for you, as it automatically filters your top two spending categories among six options to offer you 4 rewards points per dollar. 

Plus, you receive 3x points on flights and prepaid hotels booked via amextravel.com (again, not as high as the 5x points rate, but you’ve saved on the annual fee). 

The welcome bonus is easier to obtain, as it only requires a $10,00 minimum spend in the first three months, versus the Amex Business Platinum’s $20,000. Granted you won’t earn as many bonus points — only 70,000 rewards points versus 150,000 points. 

The Business Gold card provides valuable credits for purchases at FedEx, Grubhub, and office supplies (flexible combined credit up to $240 annually) and a Walmart+ membership. You also receive baggage insurance,** car rental collision coverage,*** and trip delay insurance.**** 

The lower annual fee has some downsides, though. Business Gold Card members don’t get airport lounge access, and hotel room upgrades are a bit less flashy than with the Platinum. The Gold also doesn’t offer trip cancellation coverage or the $200 in airline credits. 

Learn more about the American Express® Business Gold Card.

FAQs

What is the American Express Business Platinum Card credit limit?

The Amex Business Platinum has no preset spending limit. However, this doesn’t mean you can keep charging as much as you like to the card. The amount you can spend will adjust based on things like your payment history, credit score, and spending habits. 

Is the Amex Business Platinum a Charge Card?

American Express has several charge cards, and The Business Platinum used to be one of them — but that’s now changed with Amex’s Pay Over Time feature. 

While you still technically have no preset limit with The Business Platinum (like with a traditional charge card), you do now have a Pay Over Time limit, which is an amount that can be carried over month to month, like with a regular credit card. Also like with a regular credit card, you’ll be charged interest on that balance.

As such, it’s a smart idea to pay everything off in full each month, even if you don’t technically have to, to avoid paying out extra money in interest.

The Bottom Line

The Business Platinum Card® from American Express is best suited to businesses that have high annual spending and require frequent travel. Since it comes with a very high annual fee, you’ll want to make sure you’ll get the most you can out of its rewards and benefits to offset that cost.

But if your business spending matches up, then you can earn a lot of valuable perks for using this card to pay for company purchases and to book business travel.


Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

* Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your American Express Card. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.

** Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

*** Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

**** Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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I'm an award-winning lawyer and personal finance expert featured in Inc. Magazine, CNBC, the Today Show, Business Insider and more. My mission is to make personal finance accessible for everyone. As the largest financial influencer in the world, I'm connected to a community of over 20 million followers across TikTok, Instagram, YouTube, Facebook and Twitter. I'm also the host of the podcast Erika Taught Me. You might recognize me from my viral tagline, "I read the fine print so you don't have to!"

I'm a graduate of Georgetown Law, where I founded the Georgetown Law Entrepreneurship Club, and the University of Notre Dame. I discovered my passion for personal finance after realizing I was drowning in over $200,000 of student debt and needed to take action-ultimately paying off my student loans in under 2 years. I then spent years as a corporate lawyer representing Fortune 500 companies, but I quit because I realized I wanted to have an impact; I wanted to help real people and teach them that you can create a financial future for yourself.

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Advertiser Disclosure

Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.

Advertiser Disclosure

Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.