Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

The Business Platinum Card® from American Express

Learn More

The Business Platinum Card® from American Express Review

Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases.

The Business Platinum Card® from American Express Review

The Business Platinum Card® from American Express

Learn More

Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Introduction

The Business Platinum Card® from American Express is designed for business owners and frequent travelers who seek to maximize their travel benefits and rewards. With a significant annual fee of $695, this card offers a range of luxury perks and rewards that can justify its cost for the right user. Key features include a generous welcome offer, where new cardholders can earn 120,000 Membership Rewards® points after spending $15,000 on eligible purchases within the first three months of card membership. This card is particularly well-suited for those who spend heavily on flights and hotels through AmexTravel.com, offering 5X Membership Rewards® points on these purchases.

Moreover, the card enhances business and travel experiences with over $1,000 in potential annual statement credits on selected business purchases, including services from Dell Technologies, Adobe, and U.S. wireless service providers, and a $200 Airline Fee Credit for incidental charges with a selected airline. The inclusion of a $189 CLEAR® Plus Credit further streamlines travel, facilitating faster security checks at airports.

Travel benefits extend to luxury experiences with complimentary access to over 1,400 airport lounges globally, part of the American Express Global Lounge Collection®, offering an oasis of comfort during travel. Despite its high annual fee, the Business Platinum Card® provides unmatched value to those who travel frequently for business, leveraging its extensive rewards and benefits to offset the cost.

This introduction to The Business Platinum Card® from American Express underscores its appeal to high-spending business travelers seeking premium travel benefits and the ability to earn substantial rewards on their expenditures.

Welcome Bonus

The welcome bonus for The Business Platinum Card® from American Express is a standout feature, attracting new cardholders with the opportunity to earn 120,000 Membership Rewards® points. This lucrative offer is available after you spend $15,000 on eligible purchases with your card within the first 3 months of card membership. This substantial bonus point offer is designed to reward new cardholders for their spending, setting a strong foundation for earning rewards right from the start.

The appeal of the welcome bonus lies not only in the quantity of points it offers but also in the flexibility and value these points can provide. Membership Rewards® points are highly regarded for their versatility, allowing cardholders to redeem them for travel, gift cards, merchandise, or even transfer them to a variety of airline and hotel partners for potentially even more value. This makes the welcome bonus particularly attractive for businesses with significant initial expenses or those planning to make large purchases, as it offers a way to recoup a portion of those costs in the form of valuable reward points.

Moreover, the requirement to spend $15,000 in the first three months encourages cardholders to concentrate their business spending on the card, maximizing their rewards earnings right from the start. For businesses with high monthly expenses, meeting this spending threshold can be easily attainable, making the welcome bonus a realistic goal.

This welcome bonus is a powerful incentive for business owners considering The Business Platinum Card® from American Express, especially for those who travel frequently or have significant business expenses. It sets the stage for ongoing rewards and benefits that can significantly offset the card’s annual fee and enhance the cardholder’s overall business and travel experience.

Earning Rewards

Earning rewards with The Business Platinum Card® from American Express is designed to benefit businesses with significant spending in travel and select business categories. Cardholders earn 5X Membership Rewards® points on flights and prepaid hotels booked through AmexTravel.com, demonstrating the card’s emphasis on rewarding travel spending. This elevated earning rate on travel expenses can significantly enhance the rewards portfolio of businesses that frequently book travel for employees or executives.

Beyond travel, the card offers a tailored rewards structure for business spending. Cardholders earn 1.5X points on each eligible purchase in key business categories, such as purchases made at U.S. construction material and hardware suppliers, electronic goods retailers, and software & cloud system providers, as well as on shipping purchases. Additionally, for any purchase of $5,000 or more, cardholders earn 1.5X points, up to $2 million of these purchases per calendar year. This feature is particularly appealing for businesses that routinely make large transactions, as it allows them to accumulate reward points more quickly.

The 1X points on other eligible purchases ensure that all spending on the card contributes to the cardholder’s rewards balance, albeit at a standard rate. This comprehensive rewards-earning structure encourages cardholders to use their Business Platinum Card® for both high-value and low-value purchases across a wide range of categories.

The strategic rewards-earning opportunities provided by The Business Platinum Card® are designed to align with the spending patterns of businesses, offering more points where they spend the most. Whether it’s booking travel through AmexTravel.com or making significant purchases in specified business categories, the card’s rewards structure incentivizes and rewards the business spending that cardholders are likely already doing.

This approach not only maximizes the potential rewards a business can earn but also positions The Business Platinum Card® as a valuable tool for managing business expenses and optimizing the return on every dollar spent.

Redeeming Rewards

Redeeming rewards with The Business Platinum Card® from American Express offers significant flexibility and value, particularly in the realm of travel. Cardholders have the opportunity to maximize their Membership Rewards® points through a variety of redemption options, with travel being one of the most lucrative.

Redeeming Points for Travel

The card shines brightest when points are redeemed for travel through the American Express Travel portal. Notably, the card offers a 35% bonus on Membership Rewards points when using the Pay With Points feature to cover all or part of a flight booked with American Express Travel. This benefit is capped at 1,000,000 points per calendar year. For first- and business-class flights, there is no need to designate a preferred airline to receive the bonus, which significantly enhances the value of your points. The redemption rate for flights, especially when taking advantage of the 35% points back offer, can exceed 1.5 cents per point, providing an excellent value compared to the standard redemption rate of 1 cent per point for many other rewards​.

Transfer Partners

Another aspect that adds value to the Business Platinum Card® is its ability to transfer points to a wide range of airline and hotel partners. This flexibility allows cardholders to potentially get even more value from their points by transferring them to partners where they can redeem for premium airfare or hotel stays at an outsized value. Partners include major airlines and hotel chains, offering a global range of options for travel​.

Other Redemption Options

While travel redemptions offer the best value, points can also be redeemed for gift cards, merchandise, and shopping with select retailers. However, these options typically offer less value per point than travel redemptions. Therefore, cardholders focused on maximizing the value of their Membership Rewards® points are encouraged to consider travel-related redemptions first and foremost.

The redemption flexibility and potential value underscore the Business Platinum Card® as a top-tier option for businesses and individuals who travel frequently. The ability to leverage points for travel not only maximizes the value received from card spending but also enhances the overall travel experience through access to premium flights and accommodations.

Perks and Benefits

The Business Platinum Card® from American Express not only offers a robust rewards program but also an extensive array of perks and benefits that can significantly enhance the business travel experience and provide valuable savings for your company.

Over $1,000 in Annual Statement Credits

One of the most compelling features of the card is the potential to unlock over $1,000 in annual statement credits on a curated selection of business purchases. These credits include select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers, providing tangible savings on essential business services​.

Comprehensive Travel Benefits

  • $200 Airline Fee Credit: Receive up to $200 in statement credits per calendar year for incidental fees charged by one selected qualifying airline to your card. This can cover expenses such as checked bags and in-flight refreshments​.
  • $189 CLEAR® Plus Credit: Enjoy up to $189 in statement credits per calendar year for your CLEAR® Plus membership, expediting your security process at airports​.
  • Global Lounge Access: Gain complimentary access to over 1,400 airport lounges worldwide, including the exclusive American Express Global Lounge Collection®. This benefit provides a comfortable and luxurious space to relax before flights​.

Elite Status Upgrades

The card automatically grants you elite status in various travel programs, including Marriott Bonvoy Gold Elite Status, which offers enhanced travel experiences such as room upgrades and bonus points on stays. This feature is invaluable for business travelers looking to maximize comfort and efficiency during their travels.

Additional Card Benefits

  • Fine Hotels + Resorts® Benefits: Enjoy benefits such as complimentary room upgrades and property credits at participating properties, adding value and luxury to your hotel stays​.
  • Dell Statement Credits: Receive up to $400 in statement credits annually for purchases made with Dell, divided into two $200 credits for use in the first and second half of the year, respectively​.
  • No Foreign Transaction Fees: The card eliminates foreign transaction fees, making international purchases more cost-effective​.

Special Business Features

  • Business Experience Enhancement: Through its targeted statement credits and rewards structure, the card is designed to enhance your business operations, offering savings and benefits on essential business services and purchases​​​.

The comprehensive suite of perks and benefits offered by The Business Platinum Card® positions it as a premium choice for businesses that travel frequently. These benefits not only offer exceptional value in savings and convenience but also enhance the overall travel experience, making business trips more enjoyable and less stressful.

The value derived from these perks can significantly offset the card’s annual fee, making it a worthwhile investment for businesses that can fully utilize its extensive offerings. This makes The Business Platinum Card® an attractive option for businesses seeking to maximize their travel rewards and benefits.

Pros and Cons

The Business Platinum Card® from American Express offers a compelling mix of rewards, perks, and benefits tailored to businesses and frequent travelers. Here’s a breakdown of its pros and cons:

Pros:

  • Extensive Travel Perks: Cardholders gain access to over 1,400 airport lounges worldwide, including the luxurious Centurion Lounges, along with comprehensive travel insurance and premium travel protections​​​.
  • High Rewards Earning Rate: Earn 5X points on flights and prepaid hotels booked through AmexTravel.com, and 1.5X points on significant business expenses in specific categories, making it highly rewarding for travel and business spending​.
  • Valuable Redemption Options: The 35% bonus on points used for flights booked through American Express Travel can significantly enhance the value of rewards, especially for first- and business-class travel​​​.
  • Substantial Annual Credits: With over $1,000 in potential annual statement credits for selected business expenses and travel incidentals, the card offers tangible savings​​​.

Cons:

  • High Annual Fee: At $695, the annual fee is steep and may be hard to justify for businesses that don’t spend heavily on travel or can’t fully utilize the card’s benefits​​​.
  • Complex Rewards Structure: While the rewards can be lucrative, maximizing them requires navigating specific spending categories and redemption options, which may not suit all businesses​.
  • Limited Value for Non-Travelers: Businesses that don’t travel frequently may find the card’s travel-centric benefits less valuable, making it a less suitable choice compared to other business credit cards with lower fees or different rewards focuses​.

The Business Platinum Card® is best suited for businesses with high travel expenses that can take full advantage of its travel perks and rewards-earning potential. Its comprehensive suite of benefits is designed to offset the high annual fee, making it a worthwhile investment for the right business. However, for those who travel less or prefer a simpler reward structure, other cards may offer better value.

Comparison to Other Cards

When comparing The Business Platinum Card® from American Express to other cards in the market, its unique combination of rewards, benefits, and services for business owners and frequent travelers sets it apart.

Comparison with Capital One Spark Cash Plus

  • Annual Fee: The Business Platinum Card® has a $695 annual fee, significantly higher than the Capital One Spark Cash Plus card, which charges $150. This difference reflects the premium nature of the benefits and services offered by the Amex card​.
  • Rewards Earning Potential: While the Amex card offers up to 5X points on eligible purchases, particularly in travel and specific business categories, the Capital One Spark Cash Plus card provides a flat 2% cash back on all purchases. The choice between these cards may come down to whether a business prefers cash back or rewards points that can be used for travel​.
  • Unique Benefits: The Business Platinum Card® offers unparalleled access to over 1,400 airport lounges worldwide, up to $400 in Dell credits, and a suite of travel benefits, including complimentary hotel upgrades and elite status with Marriott Bonvoy. In contrast, the Capital One card focuses on simplicity and cash back without these extensive travel perks​.

Value Proposition

The value of The Business Platinum Card® from American Express is highly dependent on how much a business spends and its utilization of the card’s benefits. For businesses that travel frequently and can take full advantage of the travel credits, lounge access, and other perks, the card can offer exceptional value that far outweighs the annual fee​.

However, for businesses with minimal travel needs or those looking for a simpler rewards structure, a lower-fee card with a straightforward cash-back program might be more suitable. The decision to choose The Business Platinum Card® should be based on an analysis of spending patterns, business needs, and the value of benefits to the specific business.

This comparison highlights the specialized nature of The Business Platinum Card®. It’s designed for businesses that spend heavily on travel and can leverage the card’s benefits to enhance their travel experience and receive value back from their spending.

Conclusion

For businesses that frequently travel and can leverage the extensive suite of perks and rewards, The Business Platinum Card® from American Express is an excellent investment. Its high annual fee is balanced by a wealth of benefits, including access to luxury airport lounges, substantial annual credits, and a high rewards earning rate on travel and select business expenses. While it’s tailored for high-spending businesses that prioritize travel, those who do not fit this profile may find the fee harder to justify. Ultimately, this card is best suited for businesses looking to maximize travel benefits and rewards, offering significant value to those who can fully utilize its features.

Frequently Asked Questions

What are the eligibility requirements for The Business Platinum Card® from American Express?

Business owners with a strong credit history typically qualify for The Business Platinum Card®. A good to excellent credit score (690–850) is recommended to increase the likelihood of approval.

Can I transfer Membership Rewards® points to airline and hotel partners?

Yes, Membership Rewards® points can be transferred to a wide array of airline and hotel partners, offering potentially higher value for your points when redeemed for travel.

What types of purchases qualify for the 5X rewards category?

Purchases eligible for 5X rewards include flights and prepaid hotels booked directly through AmexTravel.com. Other categories may earn different rates.

Are there any foreign transaction fees with The Business Platinum Card®?

No, The Business Platinum Card® does not charge foreign transaction fees, making it a great option for international business travel.

How can I maximize the value of the annual statement credits?

To maximize value, use your card for eligible purchases with Dell, Indeed, Adobe, and U.S. wireless service providers to receive statement credits. Also, take full advantage of the $200 Airline Fee Credit and $189 CLEAR® Plus credit.

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