Amex Platinum vs. Business Platinum: Which Refreshed Card Is for You?

In September, American Express unveiled full revamps of the Platinum Card^® from American Express and The Business Platinum Card^® from American Express. Each card got a big boost in benefits, perks, and value from statement credits, along with a $200 increase in the annual fee:

• Amex Platinum card: $895 (rates & fees)
• Amex Business Platinum card: $895 (rates & fees)

With Amex’s recent updates, the benefits for each version now differ slightly. Today, we’ll explore the updates to help you to decide which one deserves a spot in your wallet.

Amex Platinum Card — 2025 Refresh

+ NEW BENEFITS

Terms Apply / Rates & Fees

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.

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

Apply Now(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.

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

You may be eligible for as high as 175,000 Membership Rewards^® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.

As High As 175,000 Points. Find Out Your Offer.

UP's Offer Valuation*:

Up to $3,850

Annual Fee

$895

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 card application.

Good to Excellent

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 1,550 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges (enrollment required), 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

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

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Card Highlights

• You may be eligible for as high as 175,000 Membership Rewards^® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
• Get more for your travels with 5X Membership Rewards^® points on all flights and prepaid hotel bookings through American Express Travel^®, including Fine Hotels + Resorts^® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel^® on up to $500,000 on these purchases per calendar year.
• More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection^®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club^® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
• More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card^® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card^® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card^® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
• More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card^® at participating partners. Enrollment required.
• More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts^® or The Hotel Collection* bookings through American Express Travel^® using the Platinum Card^®. *The Hotel Collection requires a minimum two-night stay.
• New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card^® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card^®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
• More Value! $209 CLEAR^® Plus Credit: CLEAR^® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card^®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card^® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
• Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts^® through American Express Travel^®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
• New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card^® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
• $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card^®.*Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
• $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card^®. That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
• Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
• $895 annual fee.
• Terms Apply.

Financial Snapshot

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

Rewards Center

American Express Membership Rewards

While the Amex Platinum card didn’t receive any changes to its earning structure or existing benefits, the 2025 refresh brought several new benefits to offset the increase in the card’s annual fee, which rose from $695 to $895:

• Up to $600 in prepaid hotel credits annually: Receive up to $300 in statement credits semi-annually for up to a total of $600 each calendar year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings through AmexTravel.com. The Hotel Collection requires a 2-night minimum stay.
• Up to $120 Uber One credit: Select the Amex Platinum card as the payment method for an Uber One membership and receive up to $120 in statement credits per calendar year. Since the membership typically costs $9.99 per month or $96 per year, this credit effectively covers the full current cost of a membership.
• Complimentary Leaders Club Sterling Status with The Leading Hotels of the World: Enroll and receive complimentary Leaders Club Sterling Status from The Leading Hotels of the World, which provides benefits such as a 5% Leaders Club points bonus on qualifying stays and up to 5 pre-arrival room upgrades annually, subject to availability.
• Up to $400 Resy credit: Enroll to receive up to $100 in statement credits each quarter when using the Amex Platinum card to make eligible purchases with Resy.
• Up to $300 digital entertainment credit: The Amex Platinum card has increased the value of this monthly statement credit benefit from up to $20 to up to $25 in monthly statement credits, and added Paramount+, YouTube Premium, and YouTube TV to the list of eligible services.
• Up to $300 lululemon credit: Amex Platinum cardmembers can now get up to $75 in statement credits per quarter after they enroll and use the card to pay for eligible purchases at U.S. lululemon stores (excluding outlets) or online (excluding outlets).
• Up to $200 Oura Ring credit: Enroll and receive up to $200 in statement credits when you use the Amex Platinum card to purchase an Oura Ring at Ouraring.com each calendar year.

These changes (or additions) are on top of existing benefits found on the Amex Platinum card. Enrollment is required for many of these benefits:

• Up to $200 airline incidental fee credit
• Up to $100 Saks Fifth Avenue credit
• Up to $300 Equinox+ credit
• TSA PreCheck or Global Entry application fee credit (up to $120 for Global Entry every 4 years or up to $85 for TSA PreCheck every 4.5 years)
• Up to $209 CLEAR^® Plus membership credit
• Up to $300 SoulCycle bike credit
• Up to $155 annual Walmart+ membership credit
• Up to $200 in Uber Cash credit (receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Amex Platinum card to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction)
• Access to over 1,550 airport lounges globally via the Amex Global Lounge Collection
• Hotel elite status benefits, including Hilton Gold and Marriott Gold Elite, and car rental status benefits with Avis, Hertz, and National

As a quick reminder, the Amex Platinum card earns 5x points per dollar spent on flights booked directly with airlines or through AmexTravel.com (up to $500,000 per year), as well as on prepaid hotels booked through AmexTravel.com. It earns 1 point per dollar spent on all other purchases.

Amex Business Platinum Card — 2025 Refresh

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!

Apply Now(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 150,000 200,000 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

18.24% - 28.99% 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

Read Full Review

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: 18.24% - 28.99% Variable
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

Unlike the consumer version, the Amex Business Platinum card did receive changes to its earning structure. It, too, saw additions to its range of new benefits, as well as an increase in annual fee from $695 to $895.

The Amex Business Platinum card previously earned 5x points per dollar spent on flights and prepaid hotels booked on AmexTravel.com and 1.5x points on purchases of at least $5,000 or select business categories, including U.S. construction material and hardware suppliers, electronic goods retailers and software and cloud system providers, and shipping providers. The 1.5x earnings were valid up to $2 million of these purchases per calendar year, then the earning rate dropped to 1x points.

Now, the Amex Business Platinum card earns 2x points (instead of 1.5x points) per dollar spent on the same eligible business purchases, up to $2 million combined per calendar year:

• U.S. construction material and hardware suppliers
• Electronic goods retailers and software and cloud system providers
• Shipping providers
• Eligible purchase of $5,000 or more

In addition to the change in earning rates, the Amex Business Platinum card received new or increased statement credits in this refresh — though not as many as the personal version:

• Up to $600 in prepaid hotel credits annually: Receive up to $300 in statement credits semi-annually for up to a total of $600 each calendar year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings through AmexTravel.com.
• Complimentary Leaders Club Sterling Status with The Leading Hotels of the World: Enroll and receive complimentary Leaders Club Sterling Status from The Leading Hotels of the World, which provides benefits such as a 5% Leaders Club points bonus on qualifying stays and up to 5 pre-arrival room upgrades annually, subject to availability.
• Unlock more benefits after spending $250,000 per year: If you meet or exceed that spending threshold, you’ll be eligible to take advantage of a $1,200 AmexTravel.com online flight statement credit and a $2,400 American Express One Accounts Payable (AP) statement credit.

These add to existing benefits on the Amex Business Platinum card. Enrollment required for many of these benefits:

• Up to $200 in annual Hilton credits
• Up to $200 in annual airline incidental fee credit
• $250 in Adobe credits when you spend $600 or more on eligible U.S. purchases
• Up to $1,150 in Dell credits
• Up to $209 CLEAR^® Plus membership credit
• TSA PreCheck or Global Entry application fee credit (up to $120 for Global Entry every 4 years or up to $85 for TSA PreCheck every 4.5 years)
• Access to over 1,550 airport lounges globally via the Amex Global Lounge Collection
• Hotel elite status benefits, including Hilton Gold and Marriott Gold Elite, and car rental elite status benefits with Avis, Hertz, and National
• 35% Pay With Points Rebate: You can redeem your Membership Rewards points on AmexTravel.com for your designated qualifying airline (valid in any cabin) and receive a 35% Pay With Points rebate — up to 1 million points back annually.

Which Amex Platinum Card Is Best for You?

Of course, these cards are similar as they’re essentially 2 sides of the same coin. They both offer access to the Amex Global Lounge Collection and offer similar travel benefits. However, they’re different enough that you’ll need to consider which one would work better in your lifestyle before submitting an application.

Ultimately, though, which card is best for you depends on how you spend money and what you value in a premium travel rewards card.

If you’re a business owner who spends robustly within the 2x bonus categories on the Amex Business Platinum card, it will likely be a no-brainer for you. With the potential to earn up to 4 million Membership Rewards points per year on those purchases alone (not counting non-bonus or qualifying spend on flights or hotel stays), you could earn a tremendous amount of rewards in a year.

We value American Express Membership Rewards points at 2.2 cents apiece. This means that if your business has the capacity to maximize the 2x bonus categories and earn 4 million points, your rewards would be worth a whopping $88,000 — and that doesn’t even factor in additional spending in other categories or in the 5x bonus category for eligible flights and hotel stays.

The Amex Business Platinum card also excels with its unique 35% Pay With Points benefit and business-focused benefits. However, its personal counterpart, the Amex Platinum card, shines when it comes to lifestyle and travel-specific perks and benefits.

If you’re a frequent traveler who enjoys dining out, shopping, fitness, and more lifestyle-centric activities but do not have the capacity to spend millions of dollars per year on business-related expenses, the Amex Platinum card is hard to beat. You’ll be able to take advantage of everyday statement credits, like up to $100 each quarter for Resy purchases, up to $75 at lululemon each quarter, and so much more.

Final Thoughts

Ultimately, you’ll have to make your own decision regarding whether the Amex Platinum card or the Amex Business Platinum card is better for your life.

As a general rule, though, if you have a business that spends healthily on business-related expenses year after year, you’d probably be better served by the Amex Business Platinum card, thanks to its high-powered points-earning potential on those purchases.

However, if your spending habits fall closer to the “normal” category, but you travel often and live in an area that will allow you to take advantage of the seemingly endless list of lifestyle perks and statement credits, the personal Amex Platinum card would make a great addition to your wallet.

No matter which option you choose, you’ll have a tremendously powerful tool in your wallet that will help you earn plenty of rewards toward future travel experiences and elevate your journeys at every step.