Is It Worth Spending $250K+ per Year on the Amex Business Platinum Card?

The Business Platinum Card^® from American Express is designed for high-spending business owners, offering thousands of dollars in value in statement credits for business, travel, and more.  

American Express has refreshed its premium business card with some exciting new benefits, including statement credits at luxury hotels, while retaining the perks that make the card one of the best options for business owners. One of the newest updates to the Amex Business Platinum card is the ability to unlock extra perks when spending $250,000 in a calendar year. 

There’s a lot to cover, but first, let’s go over what you need to know about the Amex Business Platinum card and its current welcome bonus offer.

Amex Business Platinum Card Overview

The Amex Business Platinum card has a current bonus offer of 200,000 Membership Rewards points after you spend $20,000 in eligible purchases within the first 3 months of your card membership. We value Membership Rewards points at an impressive 2.2 cents each, the highest of any transferable points currency — making this bonus offer worth a whopping $4,400.

ELEVATED WELCOME 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 ins and outs 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!

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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 150,000 200,000 Membership Rewards^® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.

150,000 200,000 points

UP's Offer Valuation*:

Up to $4,400

Annual Fee

$895

APR

17.99% - 28.74% 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 card application.

Good to Excellent

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 1,550 lounges, along with tons of annual credits, it’s easy to see why this card is a top option for frequent traveling business owners.

Pros & Cons

Pros

• Earn 5x Membership Rewards points per $1 on eligible travel purchases like flights, prepaid hotels, and prepaid short-term rentals booked through AmexTravel.com
• Access to over 1,550 worldwide airport lounges as part of the American Express Global Lounge Collection
• Earn 2x Membership Rewards points on eligible purchases in key business categories, as well as on purchases of $5,000 or more (on up to $2 million per calendar year)

Cons

• High annual fee of $895 (rates & fees)
• Airline fee credit does not cover airfare, only incidentals like checked bags

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Card Highlights

• Elevated Welcome Offer: Earn 200,000 Membership Rewards^® points after you spend $20,000 in eligible purchases on the Business Platinum Card^® within the first 3 months of Card Membership.
• The American Express Global Lounge Collection^® can provide an escape at the airport. With complimentary access to more than 1,550 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card company on the market as of 07/2025.
• See how you can unlock over $3,500 in business and travel value annually after meeting qualifying spend thresholds on the Business Platinum Card. Terms apply.
• New! Get up to $300 in statement credits semi-annually for up to a total of $600 in statement credits per calendar year on prepaid Fine Hotels + Resorts^® or The Hotel Collection bookings through American Express Travel using the Business Platinum Card^®. The Hotel Collection requires a minimum two-night stay.
• No Preset Spending Limit: The spending limit on the Business Platinum Card is flexible, so unlike a traditional credit card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment and credit history.
• Make the Business Platinum Card^® work even harder for you. Hilton For Business members get up to $200 back per calendar year when you make an eligible purchase at Hilton properties across the globe. Benefit enrollment required.
• Fly like a pro with a $200 Airline Fee Credit. Select one qualifying airline to receive up to $200 back per year on baggage fees and other incidentals.
• Use the Business Platinum Card and get up to $209 back per calendar year on your CLEAR^® Plus Membership (subject to auto-renewal).
• Maximize your time away with Fine Hotels + Resorts through Amex Travel™.
• New! Enroll and get up to $150 in statement credits on U.S purchases directly with Dell Technologies on the Business Platinum Card and an additional $1,000 statement credit after you spend $5,000 or more on that same Card per calendar year.
• New! Enroll and get a $250 statement credit after you spend $600 or more on U.S. purchases directly with Adobe per calendar year on the Business Platinum Card.
• Get up to $90 in statement credits quarterly for purchases with Indeed on the Business Platinum Card. That’s up to $360 back per year. Enrollment required.
• Get up to $10 in statement credits per month for wireless telephone service purchases made directly with a wireless provider in the U.S. on the Business Platinum Card. That’s up to $120 back per year. Enrollment required.
• Enhanced! 2X points on purchases at U.S. construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on each eligible purchase of $5,000 or more, up to $2 million of these purchases per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
• 5X points on flights and prepaid hotels on AmexTravel.com
• 1X points on other eligible purchases
• $895 Annual Fee.
• Terms Apply.

Financial Snapshot

• APR: 17.99% - 28.74% Variable
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

You’ll not only earn 5x points on flights and prepaid hotels booked through AmexTravel.com, but the card just got a nice upgrade on its earning rate on eligible business purchases.

Now, Amex Business Platinum cardmembers can earn 2x points (up from 1.5x) at U.S. construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on eligible purchases of $5,000 or more, up to $2 million of these purchases per calendar year. (Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.)

The Amex Business Platinum card has an $895 annual fee (rates & fees), but you can unlock over $3,500 in business and travel benefits annually. Terms apply, and you must meet qualifying spend thresholds:

• Up to $1,150 Dell credit with up to $150 back on Dell purchases annually, and then receive an additional $1,000 statement credit after you spend $5,000+ per calendar year. Enrollment required.
• Up to $600 in prepaid hotel credit with up to $300 between January and June and $300 between July and December, on prepaid Fine Hotels + Resorts or The Hotel Collection bookings through AmexTravel.com. The Hotel Collection requires at least 2 nights.
• Up to $360 Indeed credit with up to $90 in statement credits quarterly for Indeed purchases. Enrollment required.
• $250 Adobe credit after spending $600 or more on U.S. purchases directly with Adobe per calendar year. Enrollment required.
• Up to $209 in CLEAR Plus credit annually, subject to auto-renewal
• Up to $200 in airline incidental fee credit, good toward expenses such as baggage and seat selection fees for your preselected airline. Enrollment required.
• Up to $200 annual Hilton credit with up to $50 in statement credits quarterly for eligible Hilton purchases. Hilton for Business membership and enrollment required.
• Up to $120 wireless phone service credit with up to $10 in statement credits per month for purchases made directly with a U.S. wireless provider. Enrollment required.
• TSA PreCheck or Global Entry application fee credit
• Access to the Amex Global Lounge Collection, including Centurion Lounges, Escape Lounges, Plaza Premium Lounges, and Priority Pass Select (enrollment required)
• Hotel and rental car elite status with Hilton Honors, Marriott Bonvoy, Leaders Club, Avis Preferred, Hertz, and National. Enrollment required.
• Travel and shopping protections, including trip delay insurance, trip cancellation and interruption, car rental loss and damage coverage, cell phone protection, extended warranty, purchase protection, and return protection

Amex Business Platinum Card $250K Spend Benefits

One of the newest benefits for Amex Business Platinum card is catered to large-scale spenders. In addition to the Amex Business Platinum card’s core perks and credits above, cardholders who spend more than $250,000 on qualifying purchases per calendar year get access to even more valuable benefits.

You can earn up to $3,600 back in statement credits on flights booked through AmexTravel.com and on fees for American Express One AP. Once you hit the qualifying spend each year, your statement credits kick in starting the entire next calendar year, from January 1 through December 31.

Here’s how it works: cardmembers who spend $250,000 in eligible purchases during the calendar year can get up to $1,200 in statement credits on flights booked on AmexTravel.com.

Amex Business Platinum cardmembers can also get up to $2,400 in statement credits on American Express One AP monthly fees. This accounts payable automation platform charges an auto-renewing platform access fee and transaction fees.

These are fantastic benefits to earn, especially the statement credits for flights booked through Amex Travel. You can pair this benefit with a flight from the International Airline Program, which offers discounts on select international premium economy, business class, and first class tickets.

Final Thoughts

If you have the Amex Business Platinum card (or are considering it), you may be a business owner with substantial expenses. It may be entirely reasonable to spend $250,000 — or more — in business purchases each year, which allows you to unlock even more value naturally with these expenditures.