The Amex Business Platinum Card – Full Review [2024]

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 — Is It Worth It?

The Business Platinum Card^® from American Express is made for small business owners who travel frequently enough to take advantage of the luxury travel perks offered with the card.

However, even though there is a steep annual fee — the card comes with perks like airport lounge access, hotel elite status, an airline incidental credit of up to $200 (upon enrollment), a 35% rebate with Amex Pay With Points, and 5x points on flights and prepaid hotels on AmexTravel.com.

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.

As far as business cards go, the Amex Business Platinum card is a must-have for many of the Upgraded Points team members, including Senior Finance Contributor Christine Krzyszton, who stated:

“The Amex Business Platinum card is my go-to card for international airfare. I like getting the 35% rebate when I use Membership Rewards points to purchase flights via AmexTravel.com. I can even use a combination of points and charge the remainder to my card. Plus, I earn 5x points for the entire transaction. I pay $10 on my wireless account, receive a statement credit each month, and always make a $200 purchase with Dell every 6 months for that statement credit (enrollment required). Best of all, I enjoy a nice break in a Centurion Lounge during my travels.”

Christine Krzyszton, senior finance contributor

What Are the Benefits of the Amex Business Platinum Card?

Statement Credits

Up to $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 inflight refreshments. This fee credit does not apply to airfare.

Note that statement credits are per calendar year when incidental fees are charged by the airline to your card or any of the additional cards on your Amex Business Platinum card account.

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!

• TSA PreCheck: Up to $120 fee credit every 4.5 years (As of October 1, 2024)
• Global Entry: Up to $120 fee credit every 4 years (As of October 1, 2024)

Up to $199 CLEAR Plus Credit

Card members can zip through security screenings at select U.S. airports and sporting events with an annual statement credit of up to $199 for CLEAR Plus membership.

Up to $400 Annual Dell Shopping Statement Credit

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

Up to $200 Hilton Statement Credit

Once you enroll, you’ll receive up to $200 in Hilton statement credits per calendar year — up to $50 per quarter. Purchases must be made directly with a property in the Hilton portfolio on your Amex Business Platinum card, and a Hilton for Business membership is required.

Up to $360 Annual Indeed Statement Credit

Enroll and get up to $90 each quarter, and up to $360 each year in statement credits towards eligible purchases with Indeed for your staffing needs.

Up to $150 Annual Adobe Statement Credit

Cardholders receive up to $150 in statement credits annually for select prepaid subscriptions with Adobe upon enrollment. If you use any Adobe programs like Adobe Premiere, Adobe Lightroom, or even if you have the full set of Adobe Creative Cloud, then this can save you quite a bit each year.

Up to $120 Annual Wireless Phone Services Statement Credit

Enroll and get up to $10 each month, for a total of $120 in statement credits each year, for wireless phone services purchased directly with a U.S. wireless provider. An easy way to take advantage of this is to pay your monthly phone bill with your Amex Business Platinum card.

Travel Benefits and Protections

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 features over 1,400 airport lounges across 130 countries worldwide, including Amex Centurion Lounges in the U.S. and abroad, Escape Lounges – The Centurion Studio Partner, Plaza Premium Lounges, select Virgin Clubhouses, select Lufthansa Lounges when flying with Lufthansa Group the same day, and Delta Sky Clubs when flying with Delta the same day.

You’ll also enjoy a complimentary Priority Pass Select membership upon enrollment. Just note that Priority Pass memberships from U.S.-issued American Express cards no longer include restaurants (“non-lounge airport experiences”).

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

Hotel Elite Status

Having a 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 — 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 — Enjoy 2 bottles of water per stay, late checkout, and free breakfast daily.

Note that you must enroll in this benefit through your American Express account, so be sure to get the most out of your benefits!

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
• Noon check-in (when available)
• Guaranteed 4 p.m. late checkout
• Complimentary Wi-Fi
• A unique amenity valued at $100, like a food and beverage credit

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 Plus: 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 President’s Circle: You’ll get a complimentary upgrade when you rent an intermediate through full-size car (if available).
• National Emerald Club Executive: You’ll receive guaranteed vehicle upgrades and can choose your own car from the Executive Aisle when picking up your rental.

Shopping Benefits and Protections

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.

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 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.

How Much Is the Amex Business Platinum Card Annual Fee

The annual fee is $695. 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.” thanks to the over $1,400 in business value annual credits offered, along with perks like airport lounge access, hotel elite status, the 35% Pay With Points rebate, a complimentary CLEAR membership, and much more.

How To Earn and Redeem Your Amex Points

Since the Amex Business Platinum card offers just a single bonus category, you’ll want to utilize other ways of earning Membership Rewards points. Fortunately, there are plenty of great ways to do just that!

Once you’ve earned those points, you’ll then want to strategize about how you’ll want to redeem your Membership Rewards points for future trips.

Our favorite use of Amex Membership Rewards points is utilizing the Amex transfer partners, as they allow you to book amazing first and business-class flights for a fraction of what they’d usually cost!

What Is the Difference Between The Platinum Card^® from American Express and Amex Business Platinum Card?

While their names are similar, there are many differences between the Amex Platinum card and the Amex Business Platinum card. Both cards are 2 of the best cards for airport lounge access but offer separate bonus categories, annual credits, and more.

Hot Tip:

For an in-depth comparison, check out our head-to-head matchup: Amex Business Platinum card vs. Amex Platinum card.

Alternatives to the Amex Business Platinum Card

American Express Blue Business Cash™ Card

Similar to the Ink Business Cash^® Credit Card, the Amex Blue Business Cash card offers 2% cash-back on all eligible purchases of 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.

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 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.

It makes for a compelling option for those who just want a strong point-earning card without any extras.

Check out our direct comparison of the Amex Business Platinum card vs. Ink Business Preferred card.

---

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

• Amex Business Platinum card vs. American Express^® Business Gold Card
• Amex Business Platinum card vs. Capital One Venture X Business Card
• Amex Business Platinum card vs. Chase Sapphire Reserve^®
• Amex Business Platinum card vs. Ink Business Premier^® Credit Card

UP’s Card Review Methodology

Every card we review is assigned a "U.P. Rating" – our star-based system that encompasses all the key details to showcase a card’s standout features, where it falls short, and how it stacks up for travelers to maximize rewards.

These ratings range from 0 to 5 stars and are determined by carefully weighing crucial factors like:

• Bonus categories
• Benefits and perks
• Quality of associated loyalty programs
• Annual fees and other costs
• Size of the welcome bonus (and relative to the annual fee)
• And several more

You can learn more about how Upgraded Points reviews and rates credit cards.

---

For the trip delay insurance benefit of The Business Platinum Card^® from American Express, up to $500 per covered trip that is delayed for more than 6 hours; and 2 claims per eligible card per 12 consecutive month period. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the trip cancellation and interruption insurance benefit of The Business Platinum Card^® from American Express, the maximum benefit amount for trip cancellation and interruption insurance is $10,000 per covered trip and $20,000 per eligible card per 12 consecutive month period. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the baggage insurance plan benefit of The Business Platinum Card^® from American Express, baggage insurance plan coverage can be in effect for covered persons for eligible lost, damaged, or stolen baggage during their travel on a common carrier vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one-way or round-trip) is charged to an eligible card. Coverage can be provided for up to $2,000 for checked baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the common carrier. The coverage is also subject to a $3,000 aggregate limit per covered trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each covered person with a $10,000 aggregate maximum for all covered persons per covered trip. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the car rental loss and damage insurance benefit of The Business Platinum Card^® from American Express, car rental loss and damage insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the commercial car rental company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. geographic restrictions apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

For the purchase protection benefit of The Business Platinum Card^® from American Express, purchase protection is an embedded benefit of your card membership and requires no enrollment. It can help protect covered purchases made on your eligible card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the covered purchase date. The coverage is limited up to $10,000 per occurrence, up to $50,000 per card member account per calendar year. Coverage limits apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the extended warranty benefit of The Business Platinum Card^® from American Express, when an American Express^® card member charges a covered purchase to an eligible card, extended warranty can provide up to one extra year added to the original manufacturer’s warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your card for the item up to a maximum of $10,000; not to exceed $50,000 per card member account per calendar year. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the cell phone protection benefit of The Business Platinum Card^® from American Express, coverage for a stolen or damaged eligible cellular wireless telephone is subject to the terms, conditions, exclusions and limits of liability of this benefit. The maximum liability is $800, per claim, per eligible card account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per eligible card account per 12 month period. Eligibility and benefit level varies by Card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.