If you are a business owner looking for a premium credit card, the American Express Business Platinum Card might be the perfect fit. This card offers outstanding benefits, exclusive perks, and top-tier rewards that can help businesses save money and earn points on daily expenses.
Key Benefits of the American Express Business Platinum Card
- Welcome Bonus: Earn 120,000 Membership Rewards points after spending $15,000 in the first three months.
- Reward Rate: Earn 5X points on flights and prepaid hotels booked via Amex Travel.
- Lounge Access: Get unlimited access to over 1,400 airport lounges worldwide.
- Travel Credits: Receive $200 airline fee credit and $189 CLEAR Plus credit.
- Purchase Protection: Covers eligible purchases for up to 90 days against theft and damage.
- No Foreign Transaction Fees: Save money when spending internationally.
- Elite Status: Enjoy Hilton Honors Gold and Marriott Bonvoy Gold Elite status automatically.
Who Should Get the American Express Business Platinum Card?
This card is ideal for:
- Frequent travelers who want premium travel perks.
- Business owners who spend heavily on travel and office expenses.
- Entrepreneurs looking for luxury benefits and excellent rewards.
How to Maximize Your Rewards
To get the most value out of your American Express Business Platinum Card, follow these strategies:
1. Use It for Business Travel
- Earn 5X Membership Rewards points on flights and hotels.
- Get airport lounge access, making travel more comfortable.
- Use the $200 airline fee credit for baggage fees and upgrades.
2. Pay Business Expenses with Your Card
- Earn 1.5X points on eligible purchases of $5,000 or more.
- Maximize cashback and rewards when paying for advertising, office supplies, and software subscriptions.
3. Redeem Points Wisely
- Best Value: Transfer points to airline partners like Delta, Emirates, and British Airways.
- Use for Flights: Book through Amex Travel and get 35% points back on flights.
- Upgrade Hotels: Use points for luxury hotel stays with Hilton and Marriott.
American Express Business Platinum Card Fees & Rates
| Fee Type | Cost |
|---|---|
| Annual Fee | $695 |
| APR (Variable) | 19.49% – 27.49% |
| Foreign Transaction Fees | None |
| Late Payment Fee | Up to $39 |
| Penalty APR | Up to 29.99% |
Pros & Cons of the American Express Business Platinum Card
Pros:
✅ Huge welcome bonus (120,000 points). ✅ Best-in-class travel perks, including lounge access. ✅ No foreign transaction fees. ✅ Elite hotel status benefits. ✅ Purchase protection and extended warranty.
Cons:
❌ High annual fee ($695). ❌ Bonus categories mainly focused on travel. ❌ Requires excellent credit (700+) to qualify.
How to Apply for the American Express Business Platinum Card
Step 1: Check Your Eligibility
- You need a credit score of at least 700.
- Must be a business owner, freelancer, or entrepreneur.
Step 2: Gather Required Documents
- Business details (EIN, revenue, industry, etc.).
- Personal financial information.
Step 3: Apply Online
- Visit American Express Official Site.
- Fill out the application form and submit it.
- Wait for approval (usually instant or within a few days).
FAQs About the American Express Business Platinum Card
1. Is the American Express Business Platinum Card worth it?
Yes! If you travel often and use luxury perks, this card offers excellent value.
2. Does the card have a spending limit?
It has no preset spending limit, but purchases are based on your spending history and creditworthiness.
3. How can I avoid the high annual fee?
Use the travel credits, rewards, and lounge benefits to offset the cost.
4. Can I add employee cards?
Yes, you can add employee cards for $300 per year.
5. What is the best way to redeem Membership Rewards points?
Transferring to airline and hotel partners often gives the best value.
Final Thoughts: Should You Get the American Express Business Platinum Card?
The American Express Business Platinum Card is one of the best business credit cards available, offering luxury travel perks, premium benefits, and massive rewards. If you travel frequently and want VIP treatment, this card is a must-have for business owners.