The Business Platinum® Card

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Last updated on October 14th, 2021

The Business Platinum Card®

Earn 120,000 Membership Rewards® Points

The Business Platinum Card®
  • Regular Purchase APR See Pay Over Time Feature
  • Annual Fee $595 ($695 if application is received on or after 1/13/2022)
  • Credit Needed Excellent
  • Processing Network American Express
Best Benefits
  • Get 5X Membership Rewards® points on flights and prepaid hotels on
  • 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
  • Fine Hotels + Resorts Program grants an average total value of $550 in perks at over 1,100 properties, like daily breakfast for two, 4pm check-out, and more
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell
  • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more
Rates & Fees
  • Regular Purchase APR: See Pay Over Time Feature
  • Penalty APR: 29.24% variable based on the Prime Rate
  • Annual Fee: $595 ($695 if application is received on or after 1/13/2022)
  • Late Payment Penalty Fee: $39 or 2.99% of any past due Pay in Full amount, whichever is greater
  • Return Payment Penalty Fee: $39
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At a Glance

Companies can expect the pinnacle of luxury when they use their 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 

Business Platinum Card® Review 

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

Earning Points with the American Express Business Platinum Card® 

The Business Platinum Card® 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 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 100,000 bonus is one of Amex’s biggest ever, and has a travel value of approximately $2,000. Plus, book with points, and you’ll reclaim 35% of those points!

How to Redeem Rewards

The Business Platinum Card 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:

  • Aer Lingus
  • Etihad
  • Air Canada
  • Hawaiian Airlines
  • Air France/ KLM
  • Aeromexico
  • All Nippon Airways 

Business Platinum Card Travel Perks

Like the Platinum Card, the Business version 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, 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 is a charge card, that does not mean companies 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, Platinum 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 American Express Business Platinum Card ® Benefits 

The Business Platinum Card 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.
  • 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? 

Wondering if, the American Express Business Platinum Card 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 with the Platinum 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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