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    Amex Business Platinum card review: A huge bonus and top-notch benefits worth far more than the annual fee

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    Amex Business Platinum card review: A huge bonus and top-notch benefits worth far more than the annual fee

    This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

    Credit Score

    Good to Excellent

    Featured Reward

    85,000 Membership Rewards® points after you spend $15,000 on eligible purchases within your first 3 months of account opening

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Details
  • Pros & Cons

    • The information related to The Business Platinum Card® from American Express has been collected by Business Insider and has not been reviewed or provided by the issuer.
    • Earn 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card plus earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category, all within the first 3 months of Card Membership.† Terms Apply.
    • Get 50% more Membership Rewards® points. That’s an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
    • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
    • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
    • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
    • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.
    • Terms Apply.
    Pros
    • More travel benefits than you’ll find on any other business credit card
    • Generous airport lounge access options, from American Express Centurion Lounges to Priority Pass
    • Complimentary hotel elite status
    • Access to Amex concierge services
    Cons
    • Very high annual fee
    • Limited opportunities to earn bonus points
    • Annual statement credits won’t be useful for everyone


    Read Our Review
    Read Our Review A looong arrow, pointing right

    If you’re a small-business owner looking for a premium card with valuable benefits and rewards that are easy to earn and redeem, The Business Platinum Card® from American Express is an excellent choice.

    While the card comes with a $595 annual fee, it’s well worth it if you can make the most of perks like up to $200 per calendar year in statement credits toward Dell purchases, up to $200 in airline incidental fee credits, and airport lounge access.

    The Amex Business Platinum Card currently offers a welcome bonus of 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases within your first 3 months of account opening. Plus, new cardholders can earn 5x points on eligible US purchases on shipping, wireless telephone services, advertising in select media, office supplies, and gas stations in the first three months of account opening, up to 80,000 bonus points per category. 

    That’s not a small amount of spending, but it’s doable for lots of small businesses — and once you’ve completed the minimum spending requirement, you’ll have at least 100,000 American Express Membership Rewards points (from the 85,000-point bonus and at least 15,000 points from spending). And if your spending is in the 5x bonus categories, you could potentially earn an additional 80,000 points per category if you spend up to the maximum limit.

    When you’re evaluating the Amex Business Platinum Card, be sure to compare it to other small-business cards that offer good welcome bonuses and spending categories. Depending on your typical business expenses and need for premium perks, cards like the Ink Business Preferred® Credit Card, Ink Business Cash® Credit Card, or Ink Business Unlimited® Credit Card could be a better fit.

    Bottom line: The Amex Business Platinum Card is a premium small-business card with an elevated bonus and top-notch benefits (with a premium annual fee to match). It’s an excellent offer if you like earning Membership Rewards points and you can maximize the bonus spending categories and perks — but be sure to assess whether the annual fee is worth it for you before you commit.

    We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

    *on up to $25,000 spent at US supermarkets per calendar year, then 1x

    **up to $10 in statement credits per month when you use the Amex Gold card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations

    ***Note: Starting January 1, 2021, the 5x points will apply up to $500,000 on flights booked directly with airlines or with American Express Travel per calendar year

    *3x points on the Ink Business Preferred® Credit Card on up to $150,000 in combined purchases each year, then 1x.

    The Amex Business Platinum Card earns flexible American Express Membership Rewards points — and while the Membership Rewards program is usually associated with travel, there are plenty of other ways to redeem your points. 

    You’ll typically get the most value from your points when you transfer them to Amex’s airline and hotel partners, like Delta, Marriott, and British Airways. If you’d rather not fuss with award charts and blackout dates, you can also use your points to book airfare, hotels, rental cars, and more through American Express Travel. Cardholders also receive access to airfare discounts through the Amex International Airline Program.

    There’s one Amex Business Platinum Card benefit that can be very lucrative for award travelers. Cardholders receive a 35% points rebate when they redeem points for first- or business-class tickets, or for any fare with their selected airline through Amex Travel (up to 500,000 points back per calendar year). Normally, Amex points are worth 1 cent each toward airfare and other travel booked through the Amex portal, so this rebate effectively boosts their value to 1.54 cents apiece.

    If you’re staying close to home, you can still use Amex Membership Rewards points for lots of non-travel redemptions, including:

    American Express Business Platinum card benefits and features

    The Amex Business Platinum Card is packed with valuable benefits that can help offset its annual fee — including statement credits, purchase protections, and travel perks that can make your journey more comfortable. Here are some of the card’s major features:

    Up to $200 in Dell statement credits each calendar year

    Amex Business Platinum Card members are eligible for up to $200 in statement credits toward Dell purchases each calendar year once they enroll their card. This is divided into two $100 credits: up to $100 between January and June, and up to $100 between July and December. 

    Up to $200 in annual airline incidental fee credits 

    Like the personal Platinum Card, the Amex Business Platinum Card comes with up to $200 in airline incidental fee credits each calendar year on an airline you choose. You can use the airline fee credit toward expenses like checked bag fees, seat selection, pet fees, and inflight food and drink, but airfare is excluded.

    Airport lounge access

    The Amex Business Platinum Card comes with access to the American Express Global Lounge Collection, so when you’re traveling you’ll have a comfortable place to relax and unwind, away from the hustle and bustle of the terminal. The airport lounges you can visit include:

    • Amex Centurion lounges: Located at more than 10 airports in the US and with one location in Hong Kong, these lounges offer complimentary cocktails, quality food created by award-winning chefs, and an upscale vibe. 
    • Delta Sky Club lounges: If you’re flying with Delta that day, you can also access over 30 Delta Sky Club locations, and enjoy snacks, complimentary soft and alcoholic drinks, premium Wi-Fi, and a quieter place to work and relax.
    • International American Express lounges (with locations in countries like Argentina, Australia, and Mexico)
    • Escape Lounges, with locations in the US and UK
    • Priority Pass Select: This is a network of more than 1,200 airport lounges around the world. When you activate the complimentary membership you’ll receive with the Amex Business Platinum Card, you and two guests can access any lounge location (subject to capacity limits). At a minimum, lounges typically offer free snacks, drinks, newspapers and magazines, and Wi-Fi.

    Hotel elite status with Hilton and Marriott

    The Amex Business Platinum Card comes with Marriott Bonvoy and Hilton Honors Gold elite status. Once you enroll, you’ll receive perks like upgrades, late checkout, and in Hilton’s case, free breakfast. If you stay with either chain frequently, it’s easy to get a ton of value from the status boost.

    Up to $100 toward the Global Entry or TSA PreCheck application fee

    TSA PreCheck and Global Entry are massive time-savers for travelers. Once approved, members can use faster airport security lanes, and you won’t have to remove shoes and light coats or remove your laptop from your bag. With Global Entry, you can use a special lane when you return to the US from overseas for faster immigration and customs clearance.

    TSA PreCheck costs $85 for a five-year membership, and Global Entry charges $100. American Express will provide a credit for those fees every four years (four and a half years for TSA PreCheck).

    Amex Fine Hotels & Resorts and The Hotel Collection

    Amex Business Platinum Card members have access to the Amex Fine Hotels & Resorts program through Amex Travel. These luxury properties offer perks including room upgrades, free breakfast, late checkout, free Wi-Fi, and a unique amenity at each hotel, like a property credit to use at spas or restaurants.

    Cardholders can also book upscale properties through The Hotel Collection and receive benefits that include property credits and room upgrades.

    Shopping benefits

    When you use your Amex Business Platinum Card to pay for eligible purchases, you’ll receive top-notch benefits like return protection, purchase protection, and extended warranty. This is particularly valuable if your small business buys expensive equipment or electronics that can be very pricey to repair or replace.

    Travel insurance

    The Amex Business Platinum Card offers travel benefits you hope you won’t have to use — but they can save you a lot of money and headache if things go awry while you’re away from home. When you pay with your card, you’re eligible for protections like secondary car rental insurance, trip cancellation/interruption insurance, lost and stolen baggage insurance, and trip delay insurance. 

    Credit Score

    Good to Excellent

    Featured Reward

    85,000 Membership Rewards® points after you spend $15,000 on eligible purchases within your first 3 months of account opening

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Details
  • Pros & Cons

    • The information related to The Business Platinum Card® from American Express has been collected by Business Insider and has not been reviewed or provided by the issuer.
    • Earn 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card plus earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category, all within the first 3 months of Card Membership.† Terms Apply.
    • Get 50% more Membership Rewards® points. That’s an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
    • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com.
    • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
    • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
    • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.
    • Terms Apply.
    Pros
    • More travel benefits than you’ll find on any other business credit card
    • Generous airport lounge access options, from American Express Centurion Lounges to Priority Pass
    • Complimentary hotel elite status
    • Access to Amex concierge services
    Cons
    • Very high annual fee
    • Limited opportunities to earn bonus points
    • Annual statement credits won’t be useful for everyone


    Read Our Review
    Read Our Review A looong arrow, pointing right

    Amex Business Platinum card fees and costs

    Although the card carries a $595 annual fee, the yearly cost effectively drops to $195 if you maximize the Dell and airline incidental fee credits. Beyond that, perks like airport lounge access and hotel elite status can be worth hundreds if you make use of them.

    You won’t pay foreign transaction fees with the Amex Business Platinum Card, which can translate into big savings if your business frequently makes international purchases or if you travel overseas. Like most cards, there are fees for late and returned payments.

    With the Amex Business Platinum Card, you’re required to pay your balance in full each month. However, the card offers a Pay Over Time option which allows you to carry a balance, with interest, on purchases of $100 or more.

    For rates and fees of The Platinum Card® from American Express, please click here.

    For rates and fees of the American Express® Gold Card, please click here.

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

    Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.

    Please note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.

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