The Amex Business Platinum
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BEST LOUNGE ACCESS
Terms Apply / Rates & Fees
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!
This card is ideal for business travelers who enjoy luxury travel and are looking for a card loaded with benefits!
Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the Card within the first 3 months of Card Membership.
Up to $3,300
$695
18.49% - 29.24% Variable
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 cardapplication.
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 1,400 lounges, along with tons of annual credits, it’s easy to see why this card can is a top option for frequent traveling business owners.
Pros & Cons
Pros
- 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 1,400 worldwide airport lounges as part of the American Express Global Lounge Collection (as of 10/2024).
- Get 50% more Membership Rewards points (1.5 points per $1) 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 $695 (rates & fees)
- Airline fee credit does not cover airfare, only incidentals like checked bags
Card Highlights
- Welcome Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 in eligible purchases on the 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 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 10/2024.
- Unlock over $2,000 in statement credits with business and travel benefits annually* on the Business Platinum Card. Terms apply. Learn more. *After meeting qualifying spend thresholds
- 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.
- 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.
- 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.
- 5X points on flights and prepaid hotels booked on AmexTravel.com
- 1.5X points (that’s an extra half point per dollar) on purchases at US 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.
- 1X points on other eligible purchases
- Use the Business Platinum Card® and get up to $209 back per calendar year on your CLEAR® Plus Membership (subject to auto-renewal).
- $695 Annual Fee.
- Terms Apply.
Financial Snapshot
- APR: 18.49% - 29.24% Variable
- Foreign Transaction Fees: None
Rewards Center
Our Verdict
The Amex Business Platinum card 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 the best airport lounge access of any business card, hotel elite status upon enrollment, up to $200 airline incidental credit upon enrollment, a 35% rebate with Amex Pay With Points of up to 1 million points per year, and 5 points per $1 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.
Where We Find Value
Below, you’ll find our estimated valuation for this card and its benefits. These proprietary valuations consider the benefit usage of an average cardmember with moderate travel, along with our valuation of 2.2 cents per Amex Membership Rewards point. We’ve provided more details on our valuations and benefits below the table.
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Benefit | Valuation |
Welcome Bonus Offer
| Earn up to $3,300* |
Earning Rates
| Up to $100+* |
American Express Fine Hotels + Resorts Access Based on the average value for stays of 2 nights | Up to $550 |
Statement Credits**
| Up to $2,609 |
Elite Statuses***
| Up to $400+* |
The Global Lounge Collection**** | Up to $850 |
Additional Benefits That Bring Value | |
Global Dining Access by Resy | |
Insurance and Card Protections
| |
*The bonus value of the welcome offer, as well as the value of benefits, is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability, and how much UP would pay to buy these points.
**Some benefits require enrollment through your American Express account.
*** Our valuations are determined by our writers’ analyses for trips they’ve booked, any benefit received, and what a reasonable cash equivalent would be for the benefit received. Note that enrollment is also required for these benefits.
**** With more than 1,400 airport lounges across, enjoy the benefits when you enroll in Priority Pass Select and visit select lounges: Lufthansa Lounges when flying Lufthansa, Plaza Premium Lounges, and Escape Lounges. The Global Lounge Collection also includes access to the Centurion Network and 10 visits per year to Delta Sky Clubs (with the ability to unlock unlimited visits through spending).
Benefits Compared to Annual Fee
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Welcome Offer Value | Total Value of Statement Credits | Annual Fees |
Earn up to $3,300* | Up to $2,964 | $695 (rates & fees) |
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 the best airport lounge access
- You want a card that earns transferable rewards
- You want a card with purchase protection
Don’t Get If
- You don’t travel much or don’t value the card’s benefits
Apply for the Amex Business Platinum
Statement Credit Details (Up to $2,609+ in Value)
- Airline incidental fee credit: Up to $200
- Receive up to $200 in statement credits per year when incidental fees are charged to your card from your selected qualifying airline.
- Hilton for Business hotel credit: Up to $200
- Enroll and get up to $200 back per calendar year when you make an eligible Hilton for Business purchase at Hilton properties across the globe.
- Dell Technologies credits: Up to $1,150
- Enroll and get up to $150 in statement credits on U.S. purchases directly with Dell Technologies. You’ll also receive an additional $1,000 statement credit after spending $5,000 or more on that same card per calendar year.
- Adobe credit: Up to $250
- Enroll and get a $250 statement credit after you spend $600 or more on U.S. purchases directly with Adobe per calendar year.
- Indeed credit: Up to $360
- Enroll and get up to $90 each quarter (up to $360 each year) in statement credits towards eligible purchases with Indeed for your staffing needs.
- Wireless credit: Up to $120
- 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.
- CLEAR Plus membership credit: Up to $209
- Get up to $209 back per year when you pay for your membership with your card.
- Global Entry or TSA PreCheck fee credit: Up to $120
- Receive either a statement credit every 4 years after you apply for Global Entry ($120) or a statement credit every 4.5 years after you apply for a 5-year membership for TSA PreCheck (up to $85 through a TSA PreCheck official enrollment provider) when you pay with your card.
Elite Status Details (Up to $400+ in Value)
- Marriott Bonvoy Gold Elite status
- Upon enrollment, receive upgrades at select Marriott properties to enhanced rooms upon check-in when available.
- Given the benefits of a 25% points bonus, a welcome gift at check-in, room upgrades when available, complimentary in-room internet, and priority 2 p.m. late checkout, we believe the average traveler will get $100 value in return per year.
- Hilton Honors Gold status
- Upon enrollment, receive complimentary Hilton Honors Gold status
- Hilton Honors Gold elite members receive an 80% points bonus, room upgrades when available, and a daily food and beverage credit or continental breakfast (varies by brand and region). For an average traveler, we value these benefits at $100.
- Car rental privileges upon enrollment
- Enjoy complimentary premium status for a number of car rental programs, as well as additional benefits and discounts. You have the choice to enroll in Avis Preferred, Hertz Gold Plus Rewards, and/or National Car Rental Emerald Club.
- Since benefits vary by car rental provider, the exact value return is hard to say. However, with benefits like special perks, discounted pricing, fee waivers, and upgrades, we safely assume the average traveler would see around $200 in value.
For the extended warranty benefit of The Business Platinum Card® from American Express, 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 return protection benefit of The Business Platinum Card® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details.
For the purchase protection benefit of The Business Platinum Card® from American Express, 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, 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 cell phone protection benefit of The Business Platinum Card® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details.