The Business Platinum Card® from American Express

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Last updated on March 30th, 2022

The Business Platinum Card® from American Express

The Business Platinum Card® from American Express
  • Regular Purchase APR See Pay Over Time Feature
  • Annual Fee $695
  • Credit uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.
  • Processing Network American Express
Best Benefits
  • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership
  • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.99% to 22.99% based on your credit worthiness and other factors as determined at the time of account opening
  • Get 5X Membership Rewards® points on flights and prepaid hotels on, and 1X points for each dollar you spend on eligible purchases
  • Earn 1.5X points 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 of these purchases per calendar year
  • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021
  • $695 Annual Fee
  • Terms Apply
Rates & Fees
  • Regular Purchase APR: See Pay Over Time Feature
  • Penalty APR: 29.49% variable based on the Prime Rate
  • Annual Fee: $695
  • Late Payment Penalty Fee: $39 or 2.99% of any past due Pay in Full amount, whichever is greater
  • Return Payment Penalty Fee: $39

At a Glance

Companies can expect the pinnacle of luxury when they use The Business Platinum Card® from American Express. This exclusive metal rewards card provides premium travel rewards, a huge welcome offer, and a variety of other perks for the savvy business traveler.

Ideal for Those Who:

  • Travel often for work and can take advantage of a myriad of benefits including access to airport lounges 
  • Will make use of statement credits for Global Entry or TSA Precheck 
  • Prefer airline flexibility when redeeming their points for travel 

The Business Platinum Card® from American Express Review

Superior features, earning potential, and cardholder perks elevate The Business Platinum Card® from American Express to a distinctly different level than business cards.

Earning Points with The Business Platinum Card® from American Express

The Business Platinum Card® from American Express provides the 5X points on flights and prepaid hotels booked directly through American Express Travel. Bookings can be made over the phone or online with American Express Travel. The card also earns 1.5X on business category purchases of $5,000 or more (up to $2 million/year). All other purchases earn 1X points per dollar.

The Business Platinum Card® from American Express also enjoys an additional 50% on points when meeting spending requirements. Spending Purchases of $5,000 or more earn 1.5X points – up to a whopping one million points per year!

This 50% more rewards on everyday purchases makes the card an intriguing option for companies that spend heavily, issue multiple employee cards, and prioritize getting the most out of their rewards credit card.

Welcome Offer

New accounts earn a welcome bonus of 120,000 Membership Rewards points after spending $15,000 within the first three months of opening the account. This 120,000 bonus is one of Amex’s biggest ever, and has a travel value of approximately $1,200. Plus, book with points, and you’ll reclaim 35% of those points!

How to Redeem Rewards

The Business Platinum Card® from American Express offers flexibility in redemptions, making it ideal for companies that aren’t loyal to an airline or want more than just travel perks. As such, point earnings can be redeemed for: 

  • Travel, including flights, cruises, and hotels 
  • Merchandise through select stores 
  • Gift cards from select companies 
  • Statement credits

American Express 1:1 Points Transfer Partners

American Express Membership Rewards are an exceptional value because they transfer to a massive number of other airlines and hotels. These include:

AeroMexico (Club Premier) Avianca (LifeMiles) Emirates (Skywards)
Air Canada (Aeroplan) British Airways (Executive Club) Etihad (Guest)
Aer Lingus (AerClub) Cathay Pacific (Asia Miles) Air France/KLM (Flying Blue)
All Nippon Airways (ANA Miles) Delta Air Lines (SkyMiles) Hawaiian Airlines (HawaiianMiles)
Iberia Plus Choice Privileges Hilton Honors
Marriott Bonvoy JetBlue (TrueBlue) Marriott Bonvoy
Marriott Bonvoy Virgin Atlantic (Flying Club)

The Business Platinum Card® from American Express Travel Perks

Like the personal version of the card, The Business Platinum Card® from American Express comes with a vast array of travel-centric perks. These include a $200 statement credit towards airline fees. Each year cardholders select an eligible carrier and put this credit toward baggage fees and other incidentals. Holders must use the card to make the purchases, however.   

Other travel perks include a statement credit for TSA Precheck and Global Entry. These perks allow travelers to enjoy fast-pass access to TSA security and U.S. Customs.

Once you’re through security, business travelers can enjoy the American Express Global Lounge Collection. Lounge access is one of the standout features of The Business Platinum Card® from American Express, thanks to no spending requirements to access this perk.  The Global Lounge Collection includes over 1,200 airport lounges in 130 countries, including:  

  • The Centurion® Lounge
  • International American Express  
  • Delta Sky Club  
  • Priority Pass Select  

Pay Over Time

While The Business Platinum Card® from American Express does not have a traditional APR found in other cards, that does not mean proprietors can’t enjoy the chance to carry a balance. American Express offers a special “Pay Over Time” feature that allows businesses to finance select purchases of $100 or more at a competitive APR.

Cardholders can activate Pay Over Time, and select charges will be added to the feature automatically. Then, Cardholders have the choice of paying the balance in full or carrying that balance with interest. The Pay Over Time credit limit is found in the balance details on a user’s account.

Other Benefits of The Business Platinum Card® from American Express

The Business Platinum Card® from American Express boasts many other benefits on top of those available for travel and hotel stays. Some of the most notable perks include: 

  • No foreign transaction fees 
  • Platinum Card Concierge to help you organize your reservations or tickets to an event 
  • Year-End Summaries, which can make it easy to prepare for tax season 

Companies can also take advantage of business-specific perks, including:

  • $400 Annual Dell Technologies Statement Credits: Get up to $400 in statement credits for U.S. purchases with Dell Technologies

  • $360 Indeed Statement Credit: Up to $360 back per year on purchases made through
  • $150 Adobe Credit: Get up to $150 back on eligible subscriptions with Adobe.
  • $120 statement credit on eligible wireless telephone services paid with The Business Platinum Card® from American Express.
  • American Express Business App: Easily add receipt images, categorize transactions, and add relevant notes.
  • Online statements
  • Access to an American Express account manager

Should You Apply for The Business Platinum Card® from American Express?

Wondering if The Business Platinum Card® from American Express is worth it? If your company frequently travels, issues additional employee cards, and takes great care to ensure your workforce is comfortable while on the move, the answer is likely “yes.”

The points earned with the card are exceptional for the frequent traveler. Plus, for companies that use their card to make a larger purchase, the chances of substantial point hauls are even more impressive. This is especially true given the sizeable signup bonus.

The addition of travel perks, like lounge access, fast-pass security and customs statement credits, and more provide employees with the ultimate luxury when on the move.

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