When it comes to premium business credit cards, the American Express Business Platinum Card is often at the top of the list. It’s known for its generous travel rewards, elite perks, and a suite of tools designed to help business owners manage spending while earning valuable points. But is it the right choice for your business? Let’s take a closer look at what the card offers-and what it costs.
What Is the Amex Business Platinum Card?
The American Express Business Platinum Card is a charge card (not a traditional credit card) designed specifically for business owners who want premium benefits, especially in travel and rewards. It’s built for those who spend frequently and want access to top-tier perks.
While the annual fee is on the higher side, many cardholders find the value in what the card delivers in return.
Key Features and Benefits
Here are some standout features that make this card attractive:
1. Welcome Bonus
New cardholders can typically earn a generous welcome offer if they meet the required spending threshold in the first few months. This can be worth hundreds (or even over $1,000) in Membership Rewards® points.
2. 5X Points on Travel
You earn 5X Membership Rewards points on flights and prepaid hotels booked through the Amex Travel portal. This is one of the best rates available for travel spending.
3. 1.5X Points on Large Purchases
Earn 1.5X points on eligible purchases of $5,000 or more, which is ideal for businesses with high-ticket expenses.
4. Airport Lounge Access
Enjoy complimentary access to over 1,400 airport lounges worldwide, including Centurion Lounges, Priority Pass lounges, and Delta Sky Clubs (when flying Delta). This can be a game-changer for frequent travelers.
5. $400 in Annual Statement Credits
You can get:
- $200 for airline fees (like baggage or seat selection)
- $200 in Dell credits for U.S. purchases
- Additional credits for wireless services and Adobe subscriptions (offers may vary)
These credits can significantly offset the annual fee if you take advantage of them.
6. No Foreign Transaction Fees
For international travelers or business purchases abroad, the card charges no foreign transaction fees, helping you save while making global payments.
The Annual Fee: Is It Worth It?
The annual fee is $695, which can feel steep at first. But if you take full advantage of the lounge access, credits, and points multipliers, the value can easily exceed the fee. The card is built for businesses that travel often or make large purchases-and when used strategically, it becomes more of an investment than an expense.
Who Should Consider This Card?
This card is ideal for:
- Frequent business travelers
- Owners with high monthly expenses
- Businesses that want premium perks and services
- Those who will use the bonus categories and statement credits
If your spending doesn’t align with the card’s strengths (especially travel), a lower-fee card with flat rewards may be a better fit.
Application Tips
Before applying, consider the following:
- Strong credit is required. Aim for a 700+ credit score for better approval chances.
- Have your business details ready. Even sole proprietors and freelancers can apply.
- Make sure you can meet the welcome bonus spending requirement without stretching your budget.
Final Thoughts
The Amex Business Platinum Card isn’t for everyone-but for the right kind of business owner, it’s a powerful tool. With a long list of premium perks, strong travel rewards, and valuable statement credits, it can easily pay for itself if used wisely.
It’s not just about the rewards-it’s about making business travel and large purchases more rewarding and convenient. If that aligns with your business goals, the Amex Business Platinum might be the next smart step for your financial strategy.