Amex Platinum Card and Amex Business Platinum Card: Requirements, Ideal Credit Score, and Approval Tips

The Platinum Card^® from American Express and The Business Platinum Card^® from American Express are easily 2 of the most recognizable travel cards on the market. In addition, they’re often considered to be a symbol of luxury and status.

Since both cards offer fantastic benefits and lucrative point earnings, you might think that it can be exceptionally difficult to be approved for them. But are the Amex Platinum card and the Amex Business Platinum card as exclusive as they are made out to be?

As with credit cards, when you’re applying for the Amex Platinum card or the Amex Business Platinum card, the issuing company (American Express, in this case) considers factors such as your credit score, length of credit history, and your income. Keep in mind that these are charge cards, so unlike typical credit cards, they allow you to carry a balance for certain charges, but not all.

Here’s a breakdown of those factors to help you determine your chances of being approved for the Amex Platinum card or the Amex Business Platinum card.

Amex Platinum Card (Snapshot)

BEST LOUNGE ACCESS

Terms Apply / Rates & Fees

The Platinum Card^® from American Express

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Learn More(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

The Platinum Card^® from American Express

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Welcome Offer

Earn 80,000 Membership Rewards^® Points after you spend $8,000 on eligible purchases on the Card in your first 6 months of Card Membership.

80,000 points

UP's Bonus Valuation*:

$1,760

Annual Fee

$695

APR

See Pay Over Time APR

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card^® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Pros & Cons

Pros

• The best airport lounge access out of any card (by far) — enjoy access to over 1,400 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges, Plaza Premium Lounges, and many more!
• 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
• 5x points per dollar spent on prepaid hotels booked with AmexTravel.com

Cons

• $695 annual fee (rates and fees)
• Airline credit does not cover airfare (only incidentals like checked bags)

Read Full Review

Card Highlights

• Earn 80,000 Membership Rewards^® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
• Earn 5X Membership Rewards^® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards^® Points on prepaid hotels booked with American Express Travel.
• $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts^® or The Hotel Collection bookings through American Express Travel using your Platinum Card^®. The Hotel Collection requires a minimum two-night stay.
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card^® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
• The American Express Global Lounge Collection^® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. As of 03/2023.
• $155 Walmart+ Credit: Save on eligible delivery fees, shipping, and more with a Walmart+ membership. Use your Platinum Card^® to pay for a monthly Walmart+ membership and get up to $12.95 plus applicable taxes back on one membership (excluding Plus Ups) each month.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card^®.
• $200 Uber Cash: Platinum Card^® Members can get out and about and explore their local area with $15 in Uber Cash for US rides each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings. Simply download the Uber app and add your Platinum Card^® to your Uber account to get started. Available to Basic Card Member only. Effective 11/8/2024, an Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit.
• $199 CLEAR^® Plus Credit: CLEAR^® Plus helps to get you to your gate faster at 50+ airports nationwide and get up to $199 back per calendar year on your Membership (subject to auto-renewal) when you use your Card. CLEARLanes are available at 100+ airports, stadiums, and entertainment venues.
• Receive either a $120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck^® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card^®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
• Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card^®. That's up to $50 in statement credits semi-annually. Enrollment required.
• Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card^® to your Resy profile.
• $695 annual fee.¤
• Terms Apply.

Financial Snapshot

• APR: See Pay Over Time APR
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 125k (or 150k) points with the Amex Platinum card. The current public offer is 80,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

Amex Business Platinum Card (Snapshot)

ELEVATED OFFER

Terms Apply / Rates & Fees

The Business Platinum Card^® from American Express

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This card is ideal for business travelers who enjoy luxury travel and are looking for a card loaded with benefits!

Learn More(at Amex's secure site)

The Business Platinum Card^® from American Express

This card is ideal for business travelers who enjoy luxury travel and are looking for a card loaded with benefits!

Welcome Offer

Earn 150,000 Membership Rewards^® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.

150,000 points

UP's Bonus Valuation*:

$3,300

Annual Fee

$695

APR

18.74% - 27.74% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Business Platinum Card^® from American Express is a premium travel rewards card tailored toward business owners who are frequent travelers with a high number of annual expenses.

When you factor in the large number of perks that the card offers like the best airport lounge access at over 1,400 lounges, along with tons of annual credits, it’s easy to see why this card can is a top option for frequent traveling business owners.

Pros & Cons

Pros

• 5x Membership Rewards points per $1 on flights and prepaid hotels at Amex Travel
• Access to over 1,400 worldwide airport lounges as part of the American Express Global Lounge Collection
• Get 50% more Membership Rewards points (1.5 points per $1) on eligible purchases in key business categories, as well as on purchases of $5,000 or more (cap applies)

Cons

• High annual fee of $695 (rates & fees)
• Airline fee credit does not cover airfare, only incidentals like checked bags

Read Full Review

Card Highlights

• Welcome Offer: Earn 150,000 Membership Rewards^® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
• 5X Membership Rewards^® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
• Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase 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, 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.
• Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card^®. Enrollment required. See how you can unlock over $1,000 annually in credits on select purchases with the Business Platinum Card^®, here.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to the Card.
• $199 CLEAR^® Plus Credit: Use your card and get up to $199 in statement credits per calendar year on your CLEAR^® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card^®.
• The American Express Global Lounge Collection^® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
• $695 Annual Fee.
• Terms Apply.

Financial Snapshot

• APR: 18.74% - 27.74% Variable
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 250k points with the Amex Business Platinum card. The current public offer is 150,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

Credit Score Factors 

One of the most important factors, if not the most important, for any bank or credit issuer is your credit score, which goes from 300 (the worst score) to 850 (the best). It’s important to know the 5 factors that make up your score:

• Payment history — 35%
• Credit utilization — 30%
• Length of credit history — 15%
• New credit — 10%
• Credit mix — 10%

Understanding these factors can help you understand how they affect your score and what that overall score means.

Payment History

Your payment history is the most important aspect of your credit, as it is responsible for 35% of your overall score. To receive a high credit score, you need to show a consistent history of on-time monthly payments. If you have a history of late payments (especially recently), you’re unlikely to get approved for a card like the Amex Platinum card or the Amex Business Platinum card.

Hot Tip:

Avoid missing a credit card payment by setting up autopay! This ensures you’ll never miss a payment and your account remains in good standing. Just make sure you’re spending responsibly and don’t go into overdraft.

Credit Utilization

The second most important aspect of your credit score is your credit utilization. It accounts for 30% of your overall score.

Credit utilization is the percentage of available credit that you have currently borrowed. For example, if you have a credit card with a $5,000 limit and make $2,000 in charges, your credit utilization will be 40% when the statement posts.

The lower you keep your credit utilization, the better. If you’re constantly maxing out your credit cards each month (even if you’re paying off the balance in full), it will hurt your credit. Try to pay most or all of your balance off before your statement posts. This will help keep your overall credit utilization low and improve your credit score.

Hot Tip:

You may have heard that it is good for your credit score to leave a small balance on your credit card every month. This is absolutely not true. Keeping a small balance on your card will only cost you money in interest. Always pay your credit card bills off in full and on time!

Average Age of Accounts

Your average age of accounts is how long you’ve had all of your credit card accounts open, averaged out. The average age of accounts is calculated by totaling the monthly ages of all accounts, then dividing this sum by the number of accounts. For example, if you have had a credit card open for 4 years and another for 3 years, your average age of accounts is 3.5 years.

The average age of accounts accounts for 15% of your total credit score.

New Credit

If your credit history is relatively new, it is important not to open up too many new accounts in a short timeframe. New accounts will lower your average account age, which will have a bigger effect on your score if you don’t have a lot of other credit information.

The impact is not as significant as other categories, though — new credit makes up just 10% of your overall score.

Credit Mix

Your credit mix makes up the final 10% of your credit score. Though this category is often the most confusing for people, borrowers with a good mix of revolving credit and installment loans generally represent less risk for lenders.

In other words, if you have multiple forms of credit extended to you — say in the form of credit cards, car notes, student loans, or housing loans — you appear less risky to credit lenders.

Bottom Line:

As you can see, just 3 factors make up 80% of your credit score. While it is true that opening a new credit card can lower your overall age of accounts, many other factors can actually improve with a new account if it’s used responsibly.

How Hard Is It To Get the Amex Platinum Card?

For the most part, getting approved for the Amex Platinum card is not as difficult as you might think. As long as your credit score is in the high 600s or higher and you have a couple of years of clean credit history, you’ve got a strong chance of being approved.

How To Check Your Credit Score

To know if your credit score is high enough for the Amex Platinum card or the Amex Business Platinum card, you need to know what your credit score is in the first place. But how do you find your credit score?

If you already have a credit card account open, then you likely already have access to your credit score. Most credit card issuers offer a free monthly credit monitoring service that informs you how your score fluctuates month to month.

You can also easily open an account on a site like Credit Karma. Credit Karma is a free online service that helps you keep track of your credit score, gives you a breakdown of each factor, and monitors for fraudulent activity. You can also check your credit score for free at each of the 3 credit bureaus (TransUnion, Equifax, and Experian).

Business Credit Scores

If you’re applying for the Amex Business Platinum card using an employer identification number (or EIN), as opposed to your Social Security number, then Amex will perform a check of your business credit score. But what is a business credit score, and what makes it different from your personal credit score?

For starters, your business is tracked by its name, address, and EIN. Personal credit scores are private, but business credit scores are publicly available and can be viewed by anyone by visiting business credit reporting agencies like Dun & Bradstreet, Equifax Business, and Experian Business. Finally, your business credit score is on a scale of 1 to 100.

Though business and personal credit scores use different numbering systems, they effectively function the same as having a great business credit score will help you get approved for small business credit cards, take out business loans at lower rates, and qualify for lower insurance premiums.

What Credit Score Is Needed for the Amex Platinum Card and Amex Business Platinum Card?

We recommend a credit score of 670 or higher for the Amex Platinum card and the Amex Business Platinum card. If you’re applying for the Amex Business Platinum card using an EIN, then we recommend that your business credit score be 75 or higher. 

These scores may be lower than you were expecting, but the truth is you don’t need a credit score of 800 or over to get approved for premium credit cards!

Keep in mind that, while this is a general recommendation, there is technically no minimum required score for the card. Likewise, there is no score that will guarantee your approval, either. Some applicants have been approved for both the Amex Platinum card and the Amex Business Platinum card with scores in the 600s, while others have been denied with scores in the 800s.

Remember: Your credit score is just a single factor that Amex considers before it will approve or reject you for the Amex Platinum card or the Amex Business Platinum card. So what else matters when banks are determining whether or not to approve you?

Hot Tip:

Not sure what your credit score is considered? Learn what good and low credit scores are, along with 5 ways to boost your score.

Check Your Odds for Amex Platinum Card Approval

Want to apply for the Amex Platinum card with confidence? You’re in luck because Amex offers the Check With Confidence tool, which allows you to see which cards you are prequalified for.

Using the tool is simple: You just enter your name, address, the last 4 digits of your SSN, and your income to receive prequalified offers in just 30 seconds.

Better yet, searching doesn’t impact your credit score. Once you receive your results, you’re under no obligation to apply for a card — it’s OK to window-shop. You get a good idea of whether you’d be approved before you even submit the application, at no cost to you. It’s a win-win scenario.

Other Approval Considerations

Aside from your credit score, there are several other factors that can heavily influence whether a bank will approve you for a new credit or charge card.

Personal Income and Business Income

Your stated income on your application plays a large role in your approval odds. On average, those with an Amex Platinum card or Amex Business Platinum card tend to have high incomes — though a high income is by no means a requirement. We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum card.

The Amex Business Platinum card gives you a little more wiggle room because even if you have a low business income or are just starting your business, you can still qualify for an Amex small business card. Even part-time business owners, freelancers, side hustlers, and sole proprietors are eligible for the Amex Business Platinum card.

Length of Credit

Let’s say you’ve just been denied for a new credit card despite having a relatively high score. Confusing and frustrating, right? The reason may be that you haven’t had a credit history for long enough.

What’s happening is that credit issuers deem people new to credit riskier than those who have been responsibly using credit for many years. So don’t take it as a personal insult. Keep your credit high and try again later — you’ll likely get a better result if you wait a bit.

We recommend that you have at least 2 years or more of blemish-free credit history before applying for the Amex Platinum card or the Amex Business Platinum card.

Tips To Boost Your Credit Score

If your credit score isn’t high enough to get approved for the Amex Platinum card or the Amex Business Platinum card, there are several ways to improve your credit score. Keep in mind that low or no credit is by no means a permanent state.

Your credit can be improved by following these steps:

Get a Starter Credit Card

If you have a low credit score or have never had a credit card at all, you’ll likely struggle to get approved for most credit cards.

In this case, opening a secured credit card or a card with a low limit is usually the best option. If you successfully manage the card by making payments on time, your score will begin to improve relatively quickly.

Hot Tip:

Do you need to repair or build your credit score? The Capital One Platinum Credit Card*×Information collected independently. Not reviewed by Capital One. is a great option with fraud coverage for unauthorized charges and access to a higher credit limit after you make the first 5 monthly payments on time.

Get Added as an Authorized User

One easy option that can make a big difference to your score is being added as an authorized user on someone else’s credit card, which shows that someone else trusts you with their credit. It can help lower your credit utilization, improve your payment history, and increase the average age of your accounts.

But you should only ask someone to add you as an authorized user if they themselves are responsible with their credit. If you’re an authorized user on the account of someone who regularly carries a high balance and misses payments, this can damage your score — even though you aren’t the main account holder!

We’ve previously gone into detail about being added as an authorized user for the Amex Platinum card (rates & fees).

Get Errors Removed

This step is helpful for everyone, even if you already have a fantastic score. Inaccuracies and potential fraud cases on your credit report can greatly decrease your score. (How much your credit changes depends on how severe the error is.) What’s worse, you may not even know about it!

Regularly monitor your credit report. If you see anything that seems suspicious or inaccurate, or if you receive an alert for a new account that’s unfamiliar to you, dispute the credit error immediately.

Final Thoughts

If you’re in the market for a premium travel credit card, the Amex Platinum card and the Amex Business Platinum card are definitely 2 of the best options on the market, but they function differently than a typical credit card — they allow you to carry a balance for certain charges, but not all. Both cards offer airport lounge access, hotel elite status, and earn one of the most lucrative points currencies, Membership Rewards points.

Check out this fantastic Amex Platinum offer to take advantage of the benefits mentioned.

If you have a solid annual income, a good credit score, and a few years’ worth of great credit history, you stand a solid chance of being approved for either the Amex Platinum card or the Amex Business Platinum card. If not, follow the tips outlined in this post and you’ll be on your way there in no time!

Read our guide on the best Amex business cards to find more details and discover other options available to your business.