Name | Score | Visit | Annual Fee | Regular APR | Intro Offer | Credit Needed | Disclaimer | |
---|---|---|---|---|---|---|---|---|
8.0 | Visitamericanexpress.com | $695 | 19.49% - 27.49% Variable | Earn 120,000 Membership Rewards® points | Good–Excellent (670–850) |
The $695 annual fee isn’t for everyone—but if you’re looking for luxury travel and exclusive rewards, this card might be your perfect match.
If the Amex Business Platinum is the right credit card for you.
All you need to know about the business benefits and rewards.
How it compares to other corporate cards.
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Amex Business Platinum Card at a Glance
Full name: American Express Business Platinum Card
Best for: Business owners who travel often
Issuer: American Express
Required credit score:700 or more
What’s The American Express Business Platinum Card?
The isan Amex credit card that targets business owners who want to maximize their rewards and overall spending power.
With this card, you can enjoy plenty of benefits, such as exclusive airport lounges and up to $200 in airline fee credits per year.
The American Express Business Platinum card comes with ahigh annual fee of $695—but if you’re a heavy spender and take advantage of all the card’s benefits, you could offset this charge.
How does Amex Business Platinum Card work?
The Amex Business Platinum card can help you earn rewards and manage your expenses as a business owner.
Here’s how it works:
Sign up for the card: Head to the and fill out an application for the Business Platinum card. You’ll need to provide some basic information about yourself and your business.
Use the card to make purchases: Once you’ve been approved for the card, start using it to make purchases for your business. You’ll earn points for every dollar you spend, which you can redeem for flights, hotels, and other rewards.
Take advantage of the perks: The Amex Platinum Business card benefits can help you save money and manage your expenses—you’ll get access to exclusive airport lounges, business management tools, and employee cards.
Pay off your balance: Remember to pay off your balance in full each month to avoid interest charges. This will also help you keep up a good credit score, which is key for getting loans and other financing options in the future.
The Amex Platinum Business card’s annual fee of $695 is high, but it can be worth it if you use the card wisely.
If you take advantage of the travel perks, you could save hundreds of dollars on business travel expenses.
Amex Business Platinum Card: Quick Summary Review
Here’s an overview of the basics:
APR | 19.24%–27.24% |
Annual fee | $695 |
Intro offer | Earn 120,000 points after you spend $15,000 within your first three months |
Standard rewards | Up to 1.5x points on all eligible purchases |
Maximum rewards | 5x points on flights and prepaid hotels |
Overall rating | 4/5 |
* points are worth around 2 cents each
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Amex Business Platinum Card: Fees
If you thought it was just the high annual charge you had to watch out for, you’d be sadly mistaken.
Here’s what you’ll be forking out in fees:
FEES | DETAILS |
Annual fee | $695 |
Processing fee | $0 |
Monthly maintenance fee | $0 |
APR | 19.24%–27.24% |
APR for cash advances | N/A |
Balance transfer fee | N/A |
Cash advance fee | N/A |
Foreign transaction fee | $0 |
Late fee | $39 or 2.99% of any past due Pay in Full amount, whichever is greater |
Minimum interest charge fee | N/A |
Returned payment fee | $39 |
Over limit fee | N/A |
Additional card fee | N/A |
Amex Business Platinum Card: Pros & Cons
So, do the Amex Business Platinum card benefits outweigh the pricey drawbacks?
Time to find out—
- High rewards rate.
- Airport lounge access.
- Up to $200 airline fee credit.
- Global assist hotline.
- Travel benefits.
- High annual fee.
- Limited spending bonus categories.
- High spending requirement for the welcome bonus.
- Requires excellent credit.
- No intro APR.
Pros: What we like
High rewards rate
The Amex Business Platinum card offers a high rewards rate, with 5x points on flights and prepaid hotels booked through amextravel.com.
You’ll also earn1.5x points per dollar on purchases over $5,000, and1x points on all other eligible purchases.
Each point is worth around two cents, which you can redeem for merchant gift cards or cover charges on your bill.
But the real jackpot is transferring these points to one of Amex’s airline or hotel partners for maximum value.
Airport lounge access
You can access over 1,300 airport lounges worldwide, including the Centurion Lounge, Delta Sky Club, and Priority Pass Select lounges.
This is a total game-changer for frequent flyers who want to kick back and relax in a quiet space before their flight.
Up to $200 airline fee credit
The Amex Business Platinum card isn’t just about the airport lounge access—it also offers up to$200 in airline fee credits per year.
This credit can be used to cover all sorts of travel fees like baggage charges, in-flight snacks, and more.
So, the next time your boss asks you to book a flight, don’t sweat it—just charge it to your Amex Business Platinum and enjoy the savings.
Global Assist Hotline
The Amex Platinum Business card gives you access to the Global Assist Hotline, a 24/7 service that can help you out of a bind in all sorts of situations.
Lost passport? No problem. Legal emergency? They’ve got you covered.
So, whether you’re traveling abroad for business or pleasure, the Amex Business Platinum card can give you that much-needed peace of mind.
Travel benefits
The Amex Business Platinum card is packed with travel benefits that’ll have you feeling like a VIP.
Think room upgrades, late checkout, and more at select hotels with the Fine Hotels & Resorts program.
You’ll also get baggage insurance, car rental loss, and damage insurance.
Check out the top travel credit cards.
Cons: Things to consider
High annual fee
The Amex Business Platinum card comes with a high annual fee of$695.
When comparing all American Express business credit cards, we found that the average annual fee stands at $175.
So there are plenty of options out there if you want a cheaper alternative.
Limited spending bonus categories
While American Express Business Platinum reward rates are high, they mainly focus on flights and prepaid hotels(booked through amextravel.com).
So if you spend a lot in other areas, you might not earn as many rewards as you would with a card that offers more flexible bonus categories.
Check out the Amex Blue Cash Preferred for more reward categories.
High spending requirement for the welcome bonus
To earn the welcome bonus on the Amex Business Platinum card, you have to spend $15,000 in the first three months of card membership.
This can be a high spending requirement for some business owners—so it’s important to consider whether you’ll be able to meet it before you apply for the card.
Requires excellent credit
To be approved for the Amex Business Platinum card, you’ll need to have good to excellent credit.
That means a FICO score of 700 or higher to ensure your application gets the thumbs up.
Don’t get caught with your score down. Make sure to check it on sites like Credit Karma before you apply—and work on improving your credit if necessary.
Discover how long it takes to reach an 800 credit score.
No intro APR
Unlike some other credit cards that draw you in by offering 0% intro APRs, the Amex Business Platinum hits you immediately with their standard 19.24%–27.24% APR.
That means if you’re carrying a balance on the card, you’re paying interest right off the bat.
So if your business needs to finance big purchases or tends to carry balances over month-to-month, this could be a big drawback.
Find out what makes a good APR.
Amex Business Platinum Credit Card: Things to Know
What are the American Express Business rewards?
The Amex Platinum Business card’s rewards and benefits are mostly tailored for business owners and include:
Rewards earning: The card earns 5x points on flights and prepaid hotels booked through amextravel.com. You can also get 1.5x points on eligible purchases of $5,000 or more (up to 1 million additional points per year). Cardholders can earn 1x points on all other eligible purchases as well.
Travel benefits: You can enjoy plenty of travel perks, including up to $200 in airline fee credits per year, access to airport lounges through the Global Lounge Collection, and a $100 credit for Global Entry or TSA PreCheck application fees.
Business benefits: The Amex Business Platinum card also offers a range of business-specific benefits. This includes a complimentary year of Platinum Global Access from WeWork (valued at $2,700), plus Dell Technologies statement credit of up to $200 annually.
Amex Business Platinum points are worth around 2 cents each and can be redeemed for gift cards or to cover charges on your bill.
You can also transfer these points to one of Amex’s airline or hotel partners, which include JetBlue TrueBlue, Marriott Bonvoy, and Delta SkyMiles.
The Amex Business Platinum card is ideal for business owners who frequently travel and want to cash in on their spending. But the card’s annual fee of $695 may put the brakes on some users. And if your business doesn’t spend much on travel, the rewards structure may not give you the mileage you need.
There are several features that you should look for in a top credit card. This includes travel rewards, which can come in the form of airline miles or points that can be redeemed for travel expenses. Some cards offer more points for money spent on travel and dining, while others might have partnerships with specific airlines or hotel chains.
Halimah Omogiafo Founder and CEO of Koody
Check out our top cashback credit cards for more rewards.
How to get the Amex Business Card?
Getting the American Express Business card is pretty straightforward:
Check your credit score: Before you apply, don’t forget to check your credit score. To be approved for the card, you’ll need good to excellent credit (a score of 700 or higher).
Apply for the card: Head over to the and fill out an application for the Amex Business card. You’ll need to provide some basic information about yourself and your business, such as your business’s legal name, address, and tax ID number.
Wait for approval: Once you’ve submitted your American Express Business card application, you’ll need to wait for approval. This typically takes a few days but can take longer in some cases.
Activate your card: Once you’ve been approved for the Amex Business card, you’ll receive your card in the mail. Be sure to activate it as soon as possible so you can start using it to rake in those rewards.
Before you apply for the Amex Business card, American Express might ask you to jump through a few more hoops.
This means bringing your A-game with extra documentation, such as proof of income or business licenses.
And if you have your doubts, you can try to get pre-approved.
American Express offers prequalification and preapproval for credit card applicants.
Prequalification provides special offers based on demographics or the cards on your credit report—but it doesn’t give you any approval odds.
You can check for prequalification on the Amex website or by signing in to your account.
Another option is preapproval, which uses a soft credit pull and shows if you meet the minimum standards for a card—but doesn’t guarantee approval.
What are the Amex Platinum corporate benefits?
Here’s a quick rundown of all the perks businesses can expect from the Amex Platinum Corporate card:
BENEFITS | DESCRIPTION |
Membership rewards | Earn points up to 5x points on eligible purchases that can be redeemed for travel, gift cards, and more. |
Airport lounge access | Enjoy complimentary access to more than 1,300 airport lounges worldwide. |
Global assist hotline | Get 24/7 access to a hotline that can help you with medical and legal emergencies and lost passports. |
Airline fee credits | Receive up to $200 in statement credits per year for incidental fees on the airline of your choice. |
Hotel and travel programs | Access the Fine Hotels & Resorts program, baggage insurance, car rental loss, and damage insurance. |
Business tools and services | Use a range of tools and services to manage your business expenses, including account and expense management. |
Purchase protection | Get coverage for eligible purchases for up to 120 days from the date of purchase. |
Extended warranty | Get extended warranty coverage on eligible purchases. |
Employee cards | Add employee cards to your account and earn rewards on their purchases. |
If you’re trying to get more bang for your buck while keeping your expenses in check, the Amex Business Platinum card might be just the ticket.
With its Membership Rewards program, airport lounge access, Global Assist Hotline, and purchase protection, there are lots of rewards to sink your teeth into.
But let’s not forget the elephant in the room—that annual fee. Make sure to balance those perks against the costs before signing on the dotted line.
What’s the American Express Business Platinum credit limit?
The Amex Platinum Business card doesn’t have a set credit limit.
Instead, it can vary from person to person based on your credit history and financial information.
American Express will also keep tabs on your monthly expenditures and decide a limit of what you can reasonably afford based on your income and past spending.
So if you’re planning to make a mammoth purchase, it’s worth checking your limit first to make sure it gets the green light.
What are the Amex Business Platinum requirements?
You’ll need to meet a few requirements to be approved for the Amex Business Platinum card:
Good to excellent credit: To be approved for the Amex Business Platinum card, you’ll need to have good to excellent credit. While there’s no set credit requirement, having a score of 700 or higher will increase your chances of approval.
Business income: You should have a steady source of business income to get your hands on the Amex Business Platinum card. This includes income from your business or self-employment, as well as other sources of income.
Legal business entity: To apply, you’ll need to have a legal business entity, such as a corporation, partnership, or sole proprietorship. You’ll also need to provide some basic information about your business, such as its legal name, address, and tax ID number.
If you meet these conditions and can take advantage of the Amex Business Platinum benefits, it could be a valuable tool for managing your expenses and earning rewards.
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How do I contact Amex Business Platinum customer service?
You can find the Amex Business Platinum customer service information on the American Express website or the back of your card.
Here’s a quick summary of the contact information you’ll need:
Phone: The customer service Amex Business Platinum phone number is 1-800-528-4800. You can call this number 24/7 and get assistance with your card or account.
Online: You can also access customer service for Amex Business Platinum online through the American Express website. Simply log in to your account and click the “Contact Us” tab to get started.
Chat: Get in touch with Amex Business Platinum customer service through the chat feature on the American Express website. This can be a quick way to get answers to your questions or resolve issues with your card.
Before reaching for the phone, check out the American Express website or take a look at their social media channels. You might get lucky and find the answer you’re looking for without talking to an actual human.
How Does the Amex Business Platinum Credit Card Compare?
The Amex Platinum for businesses isn’t the only corporate credit card in American Express’s repertoire.
Here are some more cards worth checking out:
Annual fee | $695 | $295 | $95 |
Intro offer | Earn 120,000 points after you spend $15,000 within your first 3 months | Earn 70,000 points after you spend $10,000 within the first 3 months | Earn 15,000 points after you spend $3,000 within your first 3 months |
Rewards | 5x points on flights and prepaid hotels Up to 1.5x points on all eligible purchases | 4x points on the top two business categories 1x points on all other eligible purchases | 2x points on flights and prepaid hotels 1x points on all other eligible purchases |
Want to see how the Amex Business card compares to other credit cards? Check out our Capital One Venture X vs. Amex Gold review.
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Venture X Business Card
Chase Ink Unlimited
Amex Business Platinum Card: Useful Links
Is the Amex Business Platinum Worth It?
If you’re still in doubt, here’s a summary of who would be the best match for the Amex Business Platinum:
Business owners with high expenses and frequent travel.
Those who value luxury and exclusive perks.
Folks who want to earn rewards and manage expenses.
The Amex Business Platinum card is a heavyweight when it comes to managing expenses while earning rewards.
With its decadent travel perks (like airport lounge access) and business tools to streamline your finances, it’s got you covered.
The annual fee of $695 is a hefty price tag, but the American Express Business rewards and benefits can pay for themselves for those who use the card wisely.
With each rewards point valued at 2 cents, you would need to earn 34,750 points per year to cover the $695 annual fee.
Let’s say you spend $7,000 on flights and hotels booked through Amex Travel—you’ll earn 35,000 points (5x points per dollar spent), covering the annual fee.
Or you could earn 34,750 points by spending $34,750 on other purchases (1x point per dollar spent)—which may be more feasible if you don’t travel frequently.
In a nutshell, the Amex Business Platinum card is the perfect pick for business owners with high expenses and insatiable wanderlust for luxury perks.