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American Express Business Platinum Card Review

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The Business Platinum Card® from American Express blends the features of a travel rewards card with the benefits of a small business card. Although it shares many of the features of the Platinum Card® from American Express, including a hefty annual fee, it’s meant exclusively for business owners.

The Business Platinum Card from American Express offers extremely generous travel benefits, including complimentary airport lounge access and a $200 airline fee credit with the airline of your choice. It’s tapped into the American Express Membership Rewards® program, too.

Business Platinum competes with other high-end cards for frequent travelers, including Citi Executive AAdvantage World Elite Credit Card and Platinum Delta SkyMiles Credit Card from American Express. It’s also comparable to general-purpose rewards cards, such as the Chase Sapphire Reserve Card.

Keep in mind that this card requires a good or excellent credit score. Therefore, it is not ideal for every business owner, particularly those who are just getting started.

Key Features

These are the most important features of the Business Platinum Card from American Express.

$200 Annual Airline Fee Credit

You’re entitled to a $200 annual airline fee credit with the airline of your choice. It’s good for offsetting incidental expenses such as baggage fees and in-flight services. Enrollment is required.

Welcome Offer

Earn 100,000 Membership Rewards® points after you spend at least $15,000 in qualifying purchases within 3 months of opening your account.

Earning Membership Rewards® Points

Most Business Platinum purchases earn an unlimited 1 Membership Rewards® point per $1 spent. For eligible purchases of $5,000 or more, you get 50% more – 1.5 points per $1 spent, up to 1 million additional points per year. Prepaid hotel and airfare purchases made through American Express Travel, Amex’s online booking portal, earn an unlimited 5 points per $1 spent.

Redeeming Membership Rewards® Points

You can redeem your points for merchandise, transportation, travel, gift cards, and statement credits through American Express’s Membership Rewards® portal. Point values generally fall between $0.005 and $0.01 apiece, but vary by redemption method. Statement credits have lower redemption values, while merchandise and transportation (including Uber rides) have higher values.

35% Airfare Bonus

When you redeem earned points (Pay With Points) for airline travel at the qualifying airline of your choice, you get a 35% points bonus, payable as a rebate. For instance, if you redeem 10,000 points for a flight, 3,500 points are deposited back into your account. You only receive this benefit with one airline, so be sure to choose the carrier you fly with most often. This benefit is capped at 500,000 bonus points per calendar year.

35% Business and First Class Bonus

You’re also entitled to another, broader 35% points bonus on all First and Business class flights available through American Express Travel.

Complimentary Airport Lounge Access

Enjoy complimentary access to over 1,200 airport lounges over 130 countries and counting through the American Express Global Lounge Collection, which bills itself as “the only…airport lounge access program that includes proprietary lounge locations around the world.” You can also access partner lounges such as Delta Sky Club and The Centurion Lounge. Enrollment is required.

Fine Hotels & Resorts Benefits

Enjoy a slew of convenient benefits with nearly 1,000 Fine Hotels & Resorts (high-end hotel and resort properties worldwide) such as “12pm check-in when available, a room upgrade upon arrival when available, daily breakfast for two people, complimentary WiFi, or guaranteed 4pm late checkout.

Marriott Bonvoy Gold Elite Status

You’re entitled to upgrade to Marriott Bonvoy Gold Elite Status with no spend or stay requirement. When you do, you’ll enjoy a 50% bonus on base Bonvoy point earnings, special welcome gifts at check-in, flexible check-out, and room upgrades where available. Enrollment is required.

Annual Dell Purchase Credit

Enroll to get up to $200 statement credits annually for U.S. purchases made with Dell. You can get up to $100 in statement credits between January and June and another $100 in statement credits between July and December for qualifying purchases. Terms apply for this offer and enrollment is required.

Important Fees

Amex Business Platinum has a $595 annual fee, starting in the first year of card membership. There is no foreign transaction fee.

The late fee is the greater of $39 or 2.99% of the total late balance, starting after two consecutive billing periods of nonpayment – though other repercussions, such as reduced spending limits, may be imposed after less time. The returned payment fee is $39.

For rates and fees of the the Business Platinum Card® from American Express, please visit this rates and fees page.

Credit Required

This card requires good to excellent credit. Cardholders are also expected to have business cash flow sufficient to support timely payments on a high-end card.


  1. Great Travel Benefits. The Business Platinum Card has too many travel benefits to name. The most valuable are the 35% rebate on qualifying airline purchases paid for with Membership Rewards points, the $200 airline fee credit (enrollment required), the potential benefits at thousands of hotel properties worldwide, and access to over 1,200 airport lounges over 130 countries and counting (enrollment required). Few competing business cards offer a similarly strong travel benefit lineup.
  2. Strong Welcome Offer. The Business Platinum Card’s welcome offer is significantly more valuable than many other business cards, including Business Green Rewards Card from American Express and Diners Club Premier and Diners Club Elite.
  3. Outstanding Rewards Rate on American Express Travel Purchases: This card boasts a 5% return on major travel spending, which is nearly unheard of in the business card niche. To participate, all you have to do is purchase airfare and prepaid hotels through American Express Travel, American Express’s dedicated travel portal.
  4. 35% Point Bonus on Qualifying Airline Purchases. The Business Platinum Card stretches your points 35% farther when you use the Pay With Points feature to purchase airfare with your selected qualifying airline – that’s 3,500 bonus points for every 10,000 points spent. The same 35% boost applies to all first and business class flights with airlines available through American Express Travel.
  5. Marriott Bonvoy Gold Elite Status. This card earns you Marriott Bonvoy Gold Elite status when you enroll. This status normally requires at least 10 paid stays at Marriott Bonvoy hotels and resorts. Gold status entitles you to complimentary room upgrades, flexible checkout, 50% point earning bonus on paid stays, complimentary gifts upon arrival, and more. By contrast, the actual Marriott Bonvoy Business™ American Express® Card doesn’t come with an automatic Gold Elite upgrade – you have to spend your way to it.
  6. 1.5X Points on Big Purchases. It pays to make large business purchases with this card. When you make eligible purchases of $5,000 or more, you earn 1.5 Membership Rewards points per $1 spent on the entire balance, up to 1 million additional points per year. That’s an extra $10,000 in potential reward earnings each year – though you, of course, have to have the budget to support that kind of spending.
  7. No Foreign Transaction Fees. With no foreign transaction fees, this is a great card for overseas business travelers. Many competing business cards, including U.S. Bank Business Edge World Elite MasterCard (2% to 3%), carry foreign transaction fees of 2% or higher.
  8. Peace of Mind Benefits. In addition to its luxurious travel benefits, Amex Business Platinum has a host of less flashy perks that offer valuable peace of mind.


  1. Costly Annual Fee. This card comes with a $595 annual fee – a high price to pay for business owners who don’t travel often enough or spend quickly enough to take full advantage of Business Platinum’s benefits. If you’re looking for a solid rewards card, but don’t want to pay more than $500 per year for it, look to Gold Delta SkyMiles Business Credit Card from American Express or the Marriott Bonvoy Business™ American Express® Card.
  2. Exacting Qualification Requirements. The American Express Business Platinum Card is a very high-end card. It’s not for business owners with modest cash flows or less-than-perfect credit. If you’ve recently gone into business for yourself or have any blemishes on your credit history, set your sights lower – at least for now. Capital One Spark Miles and Spark Classic are both great cards for small businesses without gold-plated credit profiles.

Final Word

If you’re a first-time entrepreneur with limited experience running a business and a non-stellar credit profile, The Business Platinum Card® from American Express is probably too much card for you to handle right now. It is an exclusive card that’s meant for business owners who have truly spectacular credit, can pay their balances in full each month without trouble, and travel frequently enough to reap all the rewards on offer.

This doesn’t mean Business Platinum card membership is an unattainable goal that must be banished from your mind forever. It’s absolutely a realistic goal – provided you’re willing to work to build your business – and credit – first.

For rates and fees of the the Business Platinum Card® from American Express, please visit this rates and fees page.

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