The Amex Business Platinum Card – Full Review [2020]

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The Amex Business Platinum Card – Full Review [2020]

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.

"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!

Apply Now (at Amex's secure site)

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 expenses.

With a steep annual fee of $595, you may be asking yourself “can a card really be worth paying that?” But when factoring 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 purchased directly with airlines, and prepaid hotels at
  • Up to $200 annual Airline Fee Credit
  • Up to $20 monthly credit towards wireless telephone services (through 12/31/20)
  • Get up to $400 in statement credits annually by getting up to $200 semi-annually for U.S. purchases with Dell. Terms apply.
  • 35% Airline Bonus when using Pay With Points
  • Access to the American Express Global Lounge Collection which includes:
    • Centurion lounges
    • International American Express lounges
    • Priority Pass lounges
      • (Note: Priority Pass memberships from US-issued American Express cards no longer include restaurants (‘non-lounge airport experiences’)
    • Airspace lounges
    • Escape lounges
    • Plaza Premium lounges
    • Delta Sky Clubs (when flying Delta the same day)
  • Global Entry/TSA PreCheck application fee credit
  • No foreign transaction fees
  • Hilton Honors and Marriott Bonvoy Gold status
  • Get 50% more Membership Reward points (1.5 points per $1) on eligible purchases of $5,000 or more
  • Access to Amex’s Fine Hotels & Resorts program


  • $595 annual fee
  • Lack of bonus categories to earn extra points for everyday spending
  • 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. Including 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 all your airfare purchases.

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 the Amex Business Platinum card.

Great Card If

Don't Get If

  • You cannot afford the $595 annual fee
  • You prefer a cash-back card
  • You don’t travel often

Amex Business Platinum Card — Fees

  • Annual Fee
    • $595
  • Foreign Transaction Fees
  • Interest Rates
    • Pay Over Time Feature: 14.24% - 22.24% Variable
  • 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 Amex Business Platinum card, you’ll earn 5x Membership Reward points for every $1 spent on airfare directly with airlines, as well as flight and hotel purchases made through

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

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

It couldn’t be simpler to use. Each month you just need to scroll to the bottom of your cards 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.

Purchases Over $5,000

Your Amex Business Platinum card will allow you to earn a 50% bonus in points earned for every purchase amounting to $5,000 or more, up to one million extra points per year. 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 sit 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 are a great way to push your earning potential even further.

Consider The Business Gold Card® from American Express, which earns 4x points per $1 spent on two 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:

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

If you’re interested in learning about some other American Express card options, here are some of our favorites for personal and business use.

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 one step closer to your next adventure. Image Credit: Undrey via ShutterStock

Travel Partners

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

Through their 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 are 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 one 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 which gives 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

The Business Platinum Card® from American Express - Right now, there's a welcome bonus of up to 75,000 points after you spend $15,000 within the first 3 months. Terms Apply.

See how we get ~$5,525+ in value per year by leveraging many of the benefits & perks, including access to 1,300+ airport lounges worldwide. For rates & fees of the Business Platinum, click here.
American Express® Business Gold Card - probably our favorite Amex business card because we earn 4x points across the top 2 select categories that we spend the most money in each month, such as Facebook or Google ads. The 4x points applies to the first $150,000 in combined purchases from these 2 categories each calendar year. After that, you earn 1x. Terms Apply. For rates & fees of the Business Gold Card, click here.
The Blue Business® Plus Credit Card from American Express - A super simple, no annual fee card that earns you 2x points on everyday business purchase, up to $50,000 annually. After that, then 1x. That makes for an easy 100,000 points per year. For rates and fees of the Blue Business Plus, click here.

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

American Express® Blue Business Cash Card

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

Cash-back earned is automatically credited to your statement. Cardholders also receive 0.0% intro APR on purchases and balance transfers for 12 months, then a variable rate, 15.49%, 18.49%, or 21.49%, based on your creditworthiness and other factors as determined at the time of account opening

Chase Ink Business Preferred

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 per $1 on up to $150,000 in combined purchases on travel, shipping, ad purchases made with social media sites or search engines, internet, cable, and phones services.

Given 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.

You can learn about the Chase Ink Business Preferred on our review page.

We’ve compared the Amex Business Platinum card to a couple of other popular Amex cards:

For rate and fees of the Amex Business Platinum card, click here.

Frequently asked questions

Is the Amex Business Platinum card worth it?

Truthfully, the answer is – it depends. At Upgraded Points, we certainly 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.

However, when you factor in your $200 airline incidental credit, access to over 1,200 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 on the Amex Business Platinum card is $595. It’s important to consider whether all of the perks and benefits offered with the card will give you more than $595 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 credit worthiness 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 pre-set 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.

Jarrod West

About Jarrod West

Born and raised just outside of Cincinnati, Jarrod became fascinated with using points and miles as the perfect way to visit dream destinations without breaking the bank. Thanks to points and miles, Jarrod was able to spend 3 months traveling Europe financed nearly entirely with points and miles; while flying in premium cabins and staying in 5-star hotels along the way. To date, Jarrod has traveled to 16 countries and 22 US states.

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