The Amex Business Platinum Card – Full Review [2021]

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The Amex Business Platinum Card – Full Review [2021]

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"Luxury Benefits and Perks for the Serious Traveler"

This card is ideal for the business traveler who purchases their airfare and hotel accommodations and who also likes luxury travel. This card will pay off well in rewards!

Learn More (at Amex's secure site)

Is the Amex Business Platinum Worth It?

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

With a steep annual fee, you may be asking yourself, “Can a card really be worth paying that?” But when you factor in the travel rewards and a large number of perks and benefits you receive for being a cardholder, it’s easy to see why this card can be a fantastic option for business owners.


  • 5x Membership Rewards points per $1 on flights and prepaid hotels at Amex Travel
  • Up to $200 annual airline fee credit
  • Over $1,000 per year for statement credits on select purchases with your card.
  • 35% Airline Bonus when using Pay With Points (up to 500,000 bonus points per calendar year)
  • Access to the American Express Global Lounge Collection that includes:
    • Airspace Lounges
    • Centurion Lounges
    • Delta Sky Clubs (when flying Delta the same day)
    • Escape Lounges
    • International American Express Lounges
    • Plaza Premium Lounges
    • Priority Pass lounges (Priority Pass memberships from U.S.-issued American Express cards no longer include restaurants (“non-lounge airport experiences”))
  • Global Entry/TSA PreCheck application fee credit
  • Hilton Honors and Marriott Bonvoy Gold status
  • Get 50% more Membership Reward 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)
  • Access to Amex’s Fine Hotels & Resorts program
  • Travel protection
  • Purchase protection
  • Cell phone protection


  • High annual fee of $595; $695 if application is received on or after 01/13/2022 (see rates and fees)
  • Airline fee credit does not cover airfare, only incidentals like checked bags

Amex Business Platinum Card — Snapshot

The Ideal Cardholder

Business Man Walking with Suitcase
When you’re always on the go, you need a card that helps you travel in style. Image Credit: Jacob Lund via Shutterstock

The Amex Business Platinum card is made for small business owners who travel frequently enough to take advantage of the luxury travel perks that come with the card.

However, even though that is a steep annual fee — the card comes with perks like airport lounge access, hotel elite status, a $200 airline incidental credit, a 35% rebate with Amex Pay With Points, and 5x points per $1 on flights and pre-paids hotels on

If your business has turned you into a road warrior, you’ll be hard-pressed to find a business card that comes with better travel-related perks than this one.

$200 Annual Airline Fee Credit

Each calendar year, you’ll be able to receive up to $200 in statement credits for incidental fees charged by your selected airline, such as checked bags and in-flight refreshments. This fee credit does not apply to airfare.

Airport Lounge Access

Having access to an airport lounge can do wonders on a busy travel day. Whether you enjoy having a quiet workspace, complimentary food and drink, or even premium amenities like a shower room, you’ll love the lounges you’ll be able to access with your card.

The American Express Global Lounge collection offers over 1,300 airport lounges across 130 countries worldwide including Centurion Lounges, the International American Express Lounges, and Delta Sky Clubs (when flying Delta). You’ll also enjoy a complimentary Priority Pass Select membership.

Access to these lounges could cost hundreds of dollars if purchased separately, so this benefit is incredibly valuable.

TSA PreCheck or Global Entry Fee Credit

Enjoying expedited security is a nice perk to have when traveling on business. It’s even better when it doesn’t affect your bottom line.

You’ll receive a fee reimbursement for a TSA PreCheck or a Global Entry fee that’s charged to your Amex Business Platinum card. Plus this benefit extends to additional cards on your account!

CLEAR Credit

Cardmembers can zip through security screenings at select U.S. airports and sporting events with a $179 annual statement credit for CLEAR membership.

Hotel Elite Status

Having hotel elite status can make frequent business trips (or even leisure vacations) much more comfortable. As an Amex Business Platinum cardholder, you’ll receive elite status at 2 major hotel chains:

  • Marriott Bonvoy Gold Elite Status — With Marriott Bonvoy Gold Elite status you’ll receive a 25% points bonus on your stays, a room upgrade (subject to availability), 2 p.m. late checkout, and a welcome gift of 250 to 500 Marriott Bonvoy points.
  • Hilton Honors Gold Status — With Hilton Honors Gold status you’ll enjoy 2 bottles of water per stay, late checkout, and free breakfast daily.

Up to $400 Annual Dell Shopping Statement Credit

Each year you’re a cardmember you’ll be eligible to receive up to $400 in statement credits toward your U.S. purchases from Dell on your Business Platinum card. You can get $200 in statement credits from January to June and another $200 in statement credits from July to December.

Amex Fine Hotels & Resorts

As a cardholder, you’ll get access to the Amex Fine Hotels & Resorts program. When you book one of these select properties you’ll receive perks like:

  • Room upgrade upon arrival (when available)
  • Daily breakfast for 2
  • Guaranteed 4 p.m. late checkout
  • Noon check-in (when available)
  • Complimentary Wi-Fi
  • A unique amenity valued at $100 like a food and beverage credit

Global Dining Access by Resy

Add your Amex Business Platinum card to your Resy profile to unlock access to exclusive reservations and special dining experiences.

Wheels Up (Premium Private Jet Program)

Enjoy up to 40% off a Wheels Up membership and up to $2,000 in-flight credit towards your initial flight within your first year (depending on membership).

Trip Delay Insurance

When you purchase a round-trip ticket with your card and the flight is delayed by more than 6 hours, you’re covered for up to $500 in reasonable expenses like meals, lodging, and personal use items.

Trip Cancellation and Interruption Insurance

Flights purchased with your card that are canceled or interrupted due to a covered reason, like inclement weather or accidental injury, are covered up to $10,000 per trip and $20,000 per year.

Baggage Insurance

You’ll love knowing you’re covered if your baggage is lost, damaged, or stolen. To be eligible, you need to pay for your entire fare using your Amex Business Platinum card or American Express Membership Rewards points. Coverage is capped at $2,000 for checked baggage and a combined maximum of $3,000 for checked and carry-on baggage.

Car Rental Insurance

When you pay for your entire rental with your Amex Business Platinum card and decline the coverage offered by the car rental agency, you’ll be covered if your rental car is damaged or stolen. This coverage doesn’t cover damage to other vehicles or any injuries.

The card comes with secondary car rental loss and damage insurance. That means you’ll need to file a claim with any other insurance you may have first.

This applies to cars rented in most countries but excludes cars rented in Australia, Italy, and New Zealand.

This coverage is capped at $75,000 per rental agreement.

Rental Car Elite Status

With the card, you’ll get automatic elite status and special privileges with Avis, Hertz, and National.

  • Avis Preferred: You’ll get a 1-class upgrade when available, special savings, and a free weekend rental certificate when you rent twice in 6 months.
  • Hertz Gold Plus Rewards: You’ll get a complimentary upgrade when you rent an intermediate through full-size car (if available).
  • National Emerald Club: You’ll receive a complimentary upgrade to Emerald Club Executive status and can choose your own car from the Executive Aisle when picking up your rental.

Purchase Protection

When you purchase an item with your card, that purchase is covered for up to 90 days from the purchase date, up to $10,000 per item and $50,000 per year, in the event of theft, loss, or damage.

Extended Warranty Protection

Any items purchased with your card that have a manufacturer’s warranty of 5 years or less can be extended up to 1 additional year.

Cell Phone Protection

Cardholders now receive up to $1,600 in cell phone protection (2 claims per year with up to $800 for each claim) against theft and damage, including cosmetic damage (like a cracked phone screen). Each claim has a $50 deductible and your monthly phone bill should be paid with your Amex Business Platinum card to receive coverage.

Great Card If

  • You travel often enough to take advantage of the many travel benefits provided to cardholders
  • You want a card with luxury perks like hotel elite status and airport lounge access
  • You want a card with purchase protection
  • You want a card that earns transferable rewards

Don't Get If

  • You cannot afford the annual fee
  • You prefer a cash-back card
  • You don’t travel often

Amex Business Platinum Card — Fees

  • Annual Fee
    • $595 (10/14-1/12/22)
  • Foreign Transaction Fees
  • Interest Rates
    • 0% introductory APR for the first 12 months from the date of account opening.
    • After that, regular Pay Over Time APR of 14.24% to 22.24% variable will apply.
  • Late fees
    • Penalty APR: 29.24% variable
    • $39 or 2.99% of any past due Pay in Full amount, whichever is greater.
  • Additional Info

How To Earn More Amex Points

Airfare Purchases

With the card, you’ll earn 5x Membership Reward points for every $1 spent on flights and prepaid hotels purchased through Amex Travel.

This is a fantastic perk, as any card that offers a 5x category for airfare can be hugely beneficial for frequent travelers.

So, naturally, if you hold this card you will want to make it your go-to card for all of your airfare purchases to take advantage of that big return of 5x per $1.

Amex Offers

A major benefit of being an American Express cardholder is having access to its monthly Amex Offers. Each month, dozens of offers from a wide variety of merchants give you the opportunity to earn additional Membership Rewards points or cash-back just for attaching the offer to your card.

Amex Offers couldn’t be simpler to use. Each month you just need to scroll to the bottom of your card’s homepage to find all of the new offers. Then simply click to add your desired offers to your card, then use your Amex Business Platinum card to make the purchase.

Bottom Line: Amex offers are a quick and easy way to gain even more return on your spend for purchases you likely would have made anyway.

New: 1.5x Points on Eligible Select Business Categories

Now, your card will earn 1.5x points on every dollar spent on eligible U.S. purchases in the following select business categories:

  • Construction material and hardware suppliers
  • Electronic goods retailers and software & cloud system providers
  • Shipping providers

Note that there is a cap on your 1.5x earning (both in category spending and purchases over $5,000) to up to $2 million in these purchases per calendar year.

Purchases Over $5,000

Your card will allow you to earn a 50% bonus in points earned for every purchase amounting to $5,000 or more (within the $2 million calendar year cap in spending). This makes your earnings on these large purchases 1.5x per $1 spent instead of the standard 1x.

So if your business frequently makes purchases of $5,000 or more, this is an excellent way for you to rack up even more Membership Rewards points.


If you’re a business owner, it’s likely you know some other business owners who might find the Amex Business Platinum card beneficial, too. Luckily, when you refer your friend to apply for the card, you will receive a point bonus for doing so.

Each account holder is provided with a unique referral link that you can send to friends, family, or colleagues. Then, when your friend applies through your link and is approved, you’ll get a bonus and they get an awesome card. Win-win!

Hot Tip: American Express allows you to receive a bonus for referring friends even if they don’t apply for the same card that you hold. After sending your referral, your friend will have the option to click through and see each card available that has the referral option attached. If a different card ends up being a better fit for them, you will still get your bonus for referring their business to American Express. 

Adding Additional Membership Rewards Cards

Adding other Membership Rewards cards with different bonus categories that meet your needs is a great way to push your earning potential even further.

Consider the American Express® Business Gold Card that earns 4x points per $1 spent on 2 categories where your business spent the most from the previous billing cycle. You’ll earn 4x up to the first $150,000 in combine spend; after that, earn 1x.

Categories include:

  • Airfare (purchased directly with airlines)
  • Advertising select media (online, TV, radio)
  • Computer hardware/software
  • Gas stations
  • Restaurants
  • Shipping purchases

Seeing as you would already be earning 5x on airfare with your Amex Business Platinum card, you could use the Amex Business Gold card to earn 4x on 2 other categories, allowing you to earn big where you’re already spending the majority of your expenses.

Bottom Line: For extra ways to earn even more points, check out our best ways to earn Membership Rewards points

How To Use Amex Points for Max Value

Business Woman Working on Laptop on Plane
Each purchase gets you 1 step closer to your next adventure. Image Credit: Undrey via Shutterstock

Travel Partners

There is a reason that American Express Membership Rewards points are considered some of the most valuable points you can acquire — their ability to be redeemed with transfer partners.

Through transfer partners, you can receive huge value for your Membership Rewards points by redeeming for first and business class flights that would others cost several thousands of dollars.

Hot Tip: Many people feel that trying to make sense of transfer partners and award charts is just too complicated and not worthy of your time. But we’ve got you covered! Check out our guide to Amex transfer partners and how to use them.

Amex Travel

You’ll also have the option to redeem your points through Amex Travel with a 35% rebate when you opt to pay with points from your Amex Business Platinum card.

This may seem like a fantastic option, and it certainly can be, but there are a few things you’ll want to keep in mind.

Your 35% rebate with Pay With Points from Amex is good for all flight options with 1 carrier of your choosing — this is the same carrier that you’ll be limited to using your $200 incidental credit with.

You can still earn the 35% rebate with other carriers booked through Amex Travel, but only on business and first class tickets — and the 35% rebate is capped at 500,000 points per calendar year.

Due to this, you’d likely be better off just using transfer partners, unless you find an exceptionally great deal on a business or first class fare.

Statement Credit

You’re also able to use your points to cover purchases you’ve made with your card via a statement credit.

However, you should really think twice before doing so as your points can only be redeemed this way at 0.6 cents per point. This is much lower than most other redemption options you have available to you.

Gift Cards

American Express has partnered with dozens of retailers to give you the option to redeem your points for gift cards with said stores.

While this may seem convenient, when you select this option you’ll receive just 0.7 to 1 cent per point in value depending on the retailer you’ve chosen — which is not great value out of your hard-earned Membership Rewards points.

Shop With Points

If you have your Amex Business Platinum card linked with accounts like Amazon or Apple, you’ll have the option to use your Membership Rewards points at checkout instead of charging the item to your card.

Keep in mind if you decide to do this you’ll be receiving 1 cent per point in value or less, so this is not the optimal use of your points.

Bottom Line: We do not recommend using your points towards gift cards, statement credits, or any other method that earns you 1 cent per point or less in value for your points. Instead, we recommend you utilize the various transfer partners offered with American Express to receive maximum value for your Membership Rewards points. 

Amex Airline Transfer Partners

Amex Airline Transfer PartnerMin TransferTransfer Ratio
(Amex > Partner)
Transfer Time
AeroMexico1,0001:1.62-12 days
Air Canada1,0001:1Almost Instant
Alitalia1,0001:1Almost Instant
Aer Lingus1,0001:1Almost Instant
ANA1,0001:13 days
Avianca LifeMiles1,0001:1Almost instant
British Airways
1,0001:1Almost Instant
Cathay Pacific1,0001:1Up to 1 Week
Delta Air Lines1,0001:1Almost Instant
Emirates1,0001:1Almost Instant
Etihad Airways1,0001:1Almost Instant
Flying Blue Air France/KLM1,0001:1Almost Instant
Hawaiian1,0001:1Almost Instant
Iberia1,0001:11-3 days
JetBlue2501:0.8Almost Instant
Qantas5001:1Almost Instant
Singapore Airlines1,0001:11-2 days
Virgin Atlantic1,0001:11-2 days

Amex Hotel Transfer Partners

Amex Hotel Transfer PartnerMin TransferTransfer Ratio
(Amex > Partner)
Transfer Time
Choice Privileges1,0001:1Almost Instant
Hilton Honors1,0001:2Almost Instant
Marriott Bonvoy1,0001:1Almost Instant

Alternatives to the Amex Business Platinum Card

Blue Business Cash™ Card from American Express

Similar to the Ink Business Cash® Credit Card, the Amex Blue Business Cash card offers 2% cash-back on all eligible purchases on up to $50,000 per calendar year, then 1%.

Ink Business Preferred® Credit Card

This card is a great choice for those looking for a more well-rounded option.

Credit CardKey Benefits & Info
Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card
Learn More
(at Chase's secure site)
  • Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months.
  • Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
  • Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn
  • 25% more value when redeeming points through Ultimate Rewards® travel
  • Good to Excellent Credit Recommended (670-850)
  • Annual Fee: $95


Must Reads: For more info on the Ink Business Preferred, see our guides on its benefits, 7 things to do as a new cardholder, and our full review. This is our favorite Chase business credit card.

While it doesn’t feature any of the luxury perks that come with the Amex Business Platinum card, it has a fantastic earn rate of 3x points per $1 on up to $150,000 in combined purchases on travel, shipping, ad purchases made with social media sites or search engines, and internet, cable, and phones services.

Given that the annual fee is just $95, it makes for a compelling option for those who just want a strong point-earning card without any extras.

We’ve compared the card to a couple of other popular alternatives:

For rates and fees of The Business Platinum Card® from American Express, click here.
For rates and fees of the Blue Business Cash™ Card from American Express, click here.

Frequently asked questions

Is the Amex Business Platinum card worth it?

Truthfully, the answer is — it depends. !e definitely believe the card is worth it given the large number of benefits that come with it. $595 is certainly a large annual fee and can be hard to stomach. Note that the annual fee is $695 if application is received on or after 01/13/2022.

However, when you factor in your $200 airline incidental credit, access to over 1,300 airport lounges, Gold status with Hilton Honors and the Marriott Bonvoy program, and much more, you’re coming out way ahead if you’re able to utilize those benefits often.

Does the Amex Business Platinum card have an annual fee?

The annual fee is $595 ($695 if application is received on or after 01/13/2022). It’s important to consider whether all of the perks and benefits offered with the card will give you more than that in value. For most cardholders, the answer to that is unequivocally “yes.”

Do the Membership Rewards points earned from the Amex Business Platinum card ever expire?

Your Membership Rewards points will never expire as long as your account with American Express remains open.

How do you qualify for the Amex Business Platinum card?

If you’re a business owner, even just as a sole-proprietor or freelancer, you’re eligible to apply for a business card. Whether or not you will be approved depends on your creditworthiness which is determined by your credit score as well as other factors like your income.

There is no guaranteed way to know for certain whether or not you’ll be approved. But any business owners with a great credit score will be strong applicants.

Does the Amex Business Platinum card have a credit limit?

You will still have a spending limit on the card — it just isn’t preset in advance. American Express will still limit your spending month-to-month based on your spending habits and will begin declining charges if they believe your balance is becoming higher than you can afford to pay.

What are the differences between the personal and business Platinum cards from American Express?

While their names are similar, there are lots of differences between the Amex Platinum card and the business version. They have different bonus categories and offer different perks. For an in-depth comparison, check out our head-to-head matchup: Amex Business Platinum card vs. Amex Platinum card.

Jarrod West

About Jarrod West

Jarrod first became fascinated with the world of points and miles as the perfect way to visit dream destinations without breaking the bank. On his first major award trip, he spent 3 months traveling through Europe, financed nearly entirely with points; while flying in premium cabins and staying in 5-star hotels along the way. Now, he is on a mission to help others realize their travel goals and upgrade their travel experiences. Jarrod has been writing about credit cards and travel loyalty programs for 4 years, and his work has been featured by Travel and Leisure, Matador Network, Yahoo Finance, and U.S. News.

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