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If having a business card with premium benefits and loads of perks is on your radar, look no further than The Business Platinum Card® from American Express. High-end benefits are available to those who travel often. This Amex Business Platinum Card review will help you decide if this American Express Platinum business card deserves a spot in your wallet. Now is a great time of the year to apply for credit card offers since banks usually increase welcome bonuses end of the year.
Plus, there’s an incredible welcome offer. It is one of the best credit card offers available now.
Limited time offer! New The Business Platinum Card® from American Express cardholders can earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.
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 Review
Let’s start with some exciting stuff. Here’s what you need to know about The Business Platinum Card from American Express.
Limited time offer! New The Business Platinum Card® from American Express cardholders can earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.
The annual fee is $695 (See Rates & Fees).
In addition to the points, you can enjoy complementary airport lounge access, travel credits, and flexible point redemption options as well.
Key Features of the Business Platinum Card from American Express
The Business Platinum is a benefit-rich business card. These are some of the benefits available to you:
You will also earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com. 1X points on other eligible purchases.
This is one of the best business miles cards for these reasons.
Cardholders earn 1.5x points (that’s an extra half point per dollar) on eligible purchases at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
Additionally, cardholders can get a 35% airline bonus when using their points to pay for all or part of a flight with a qualifying airline booked on amextravel.com, up to 1,000,000 bonus points annually.
Additional Benefits
Additional benefits include:
Plus, get up to $200 in statement credits per calendar year for checked baggage fees, lounge day passes, and more at one selected airline.
Hilton For Business members get up to $200 back per calendar year when they make an eligible purchase at Hilton properties across the globe. Benefit enrollment is required.
Additionally, unlock over $1,000 in annual statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required.
Cardholders can get up to $199 back per year on their CLEAR® Plus membership (in statement credits; subject to auto-renewal).
If you aren’t interested in so many benefits or want a rewards card but don’t think the Amex Business Platinum card is the option for you, check out the best small business credit cards for comparison.
Still, the Amex Business Platinum can be worthwhile, depending on your needs.
Earning Membership Rewards
Every purchase earns up to 5x American Express Membership Rewards per $1 spent:
- 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com
- 1X points on other eligible purchases
Cardholders earn 1.5x points (that’s an extra half point per dollar) on eligible purchases at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
This card is one of the fastest ways to earn bonus points on airfare purchases. When most cards award up to 3 points per $1 at best, you get 5 points per $1. You can easily book award flights through American Express or transfer to one of the airline transfer partners.
Redeeming Points With the Amex Business Platinum Card
The most valuable point redemptions are for award travel. Specifically, they are best for award flights either through AmexTravel.com or the airline transfer partners.
You should avoid redeeming your points for cash rewards as they will most likely be worth less than 1 cent each.
35% Points Back
Your points are essentially worth 1.35 cents each when booking award flights through AmexTravel.com. Each point is worth 1 cent each when booking the flight and you get 35% of them back for your next redemption. For example, redeeming 10,000 points books a $100 flight and Amex puts 350 points back into your account.
It’s possible to get up to 1,00,000 points back each year.
This redemption bonus applies to one airline of your choice. Any first-class and business-class ticket booked on another airline can also earn points back.
Airline Point Transfers
There are currently several airline transfer partners where you can transfer your Membership Rewards and book award flights directly through the airline. Most partners let you transfer on a 1:1 basis in 1,000-point increments.
Domestic airline partners include Delta, Hawaiian, and JetBlue. Some of the top international partners include Asia Miles, British Airways, Etihad, and Singapore Airlines.
Point transfer can make your points valuable as airlines typically offer the best award redemption rates. However, you will need a flexible travel schedule and exert more effort to find award space.
150,000 Membership Rewards® points: The Business Platinum Card® from American Express
Travel Benefits
The annual fee is $695 (See Rates & Fees).
$200 Airline Fee Credit
Plus, get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
Global Lounge Collection
Cardholders can enjoy complimentary access to the American Express Global Lounge Collection®, which has more than 1,400 airport lounges across 140 countries and counting. Cardholders have more airport lounge options than any other credit card issuer (as of 10/2024). Access is limited to eligible Card Members.
The Centurion, International American Express, and Priority Pass lounges might be the most common ones you visit. Delta Sky Clubs are an option with an active Delta itinerary. Escape, and Air Space are also part of the Global Lounge Collection.
Enrollment is required for some lounges.
Global Entry or TSA PreCheck Fee Credit (and now CLEAR)
Save up to $120 the next time you apply for Global Entry or TSA PreCheck. Amex will reimburse your application fee.
Cardholders can get up to $199 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when they use their Business Platinum Card®.
Upgraded Hotel Elite Status
Owning The Business Platinum Card® from American Express also means you get Hilton Honors Gold Status and Marriott Bonvoy Gold Elite status (enrollment required).
Staying at Fine Hotels and Resorts lets you get a $100 amenity credit, complementary WiFi, daily breakfast for two, and space-available room upgrades (terms apply).
Hilton Perks
Hilton For Business members get up to $200 back per calendar year when they make an eligible purchase at Hilton properties across the globe. Benefit enrollment is required.
Travel Protection
You will also enjoy up to $3,000 in lost or damaged baggage protection. Secondary rental car collision damage waiver coverage and premium roadside assistance can also save you money when renting a car.
150,000 Membership Rewards® points: The Business Platinum Card® from American Express
Business Benefits of the Amex Business Platinum Card
The Amex Business Platinum Card can make it easy to maximize your air and hotel travel. This card also offers business benefits.
Small Business Statement Credits
Additionally, unlock over $1,000 in annual statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required.
Card Fees of the Business Platinum Card from American Express
The annual fee is $695 (See Rates & Fees).
Additional Platinum Cards cost $300 each, or you can opt for Business Gold Cards, which cost $45 each.
If you use all of the benefits that come with this card, the annual fee can be easily offset.
Amex Business Platinum Positives and Negatives
Here are some of the pros and cons of The Business Platinum Card® from American Express.
Amex Business Platinum Pros
- Earn up to 5x points per $1 spent
- Get 35% points back when booking award flights (up to 1,000,000 points per year)
- 1:1 point transfers to airline and hotel partners
- Up to $200 airline fee credit
- Complimentary airport lounge access (enrollment may be required)
Here’s how hard it is to get The Business Platinum Card from American Express.
Amex Business Platinum Cons
- Welcome offer has a high minimum spend
- $695 annual fee (See Rates & Fees)
If you can’t benefit from the travel perks or want something without such a high fee, the American Express® Business Gold Card lets you earn 4x points on your business spend (you earn on 2 select categories in which you spend the most monthly). The 4x points earned apply to the first $150,000 in combined purchases from these 2 categories each calendar year. The annual fee is $375 (See Rates & Fees). Learn more in our American Express Business Gold Card review.
The Business Platinum Card from American Express is one of the most luxurious business cards you can own. It’s worth it if you travel often and you can use the various air travel benefits. The flexible award flight redemption options also make it easy to redeem your points and save a small fortune on business travel.
150,000 Membership Rewards® points: The Business Platinum Card® from American Express
Summary
In conclusion, here’s a quick summary. The American Express Business Platinum comes with many perks that can be helpful for your business needs, especially if you also will use it for travel. Hopefully, this The Business Platinum Card® from American Express review has helped you determine whether this card is right for your business.
150,000 Membership Rewards® points: The Business Platinum Card® from American Express
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