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The Business Platinum Card® from American Express is Amex's luxury small business card. While it does come with a significant annual fee ($595 (10/14-1/12/22)), it also offers the opportunity to reap a large number of benefits. If you’re a frequent traveler, you're likely to get more value than the cost of the annual fee, especially in the first year of having the card.
Earn 120,000 Membership Rewards points
Currently, you can Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
This is an outstanding welcome offer, and compares favorably to welcome offers on similar cards like the Chase Sapphire Reserve® and Citi Prestige® Credit Card. This offer could get you around $2,640 worth of travel with an airline partner like Delta Air Lines.
What it's worth: Membership Rewards vary in value depending on how you redeem them. We value them between 0.5 and 2.2 cents per point, making this welcome offer worth around $2,640.
Who's eligible to earn this offer?: You're not eligible to earn this offer if you currently have or have had this card. According to the terms and conditions, American Express also notes that it may consider how many American Express cards you’ve opened and closed, as well as other factors, to determine your eligibility for a welcome offer.
Earn 5X points on flights and hotels
The rates you can earn with The Business Platinum Card® from American Express are fairly straightforward.
You'll earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more.
Although The Business Platinum Card® from American Express doesn't offer many categories where you can get bonus spend, Membership Rewards points have a relatively high value, so the overall earning rate compares favorably to similar cards. The chart below shows the average rewards earned per $1 spent using consumer spending data and multiplied it by our point valuation for each card.
By our estimates, The Business Platinum Card® from American Express beats most other business cards in terms of earning power for the average consumer. However, the American Express® Business Gold Card is even more rewarding, thanks to its 4X earnings in two categories of your choice, including restaurants and gas stations. You should check this card out if you're sheerly interested in earning a lot of rewards.
Average rewards earned per $1 spent
What are The Business Platinum Card® from American Express points worth?
The value of Membership Rewards® points depends on how you redeem them. The best value that you can get is transferring them to hotel or airline transfer partners. We estimate a value of 2.2 cents per point if you redeem Membership Rewards® in this way. You can also use points to book flights and hotels through the Amex Travel portal, redeem them for gift cards or use them while shopping. These redemptions will generally provide a lower value for your points.
Value: Above average
Ease of redeeming: Above average
Membership Rewards points are very flexible and can be very valuable, depending on how you redeem them. There are a plethora of different ways to redeem Membership Rewards points. The best value generally comes from transferring your points to airline and hotel loyalty programs. Shopping with points and redeeming them for gift cards and statement credits won’t give you as good of a value.
|Transfer points to airline and hotel loyalty programs (requires premium Membership Rewards card)||Depends on program (around 2.2 cents on average)|
|Book flights through the Amex Travel portal||1 cent|
|Book hotels through the Amex Travel portal||0.7 cent|
|Redeem for gift cards||0.5 to 1.1 cent|
|Shop with points||0.5 cent|
|Pay with your points at checkout||0.7 to 1 cent|
|Cover your card charges and receive a statement credit||0.6 cent|
One area where Membership Rewards® points are less useful is direct redemption for travel. Other ultra-premium travel cards like the Chase Sapphire Reserve® are much better when redeeming directly for travel. With the Chase Sapphire Reserve®, you can get 1.5 cents for each Ultimate Rewards point when redeeming for travel. That's a 50% premium when compared to booking flights through the Amex Travel Portal and over twice the value when booking hotels.
The Business Platinum Card® from American Express has one of the best airport lounge access programs of any card. You'll receive a complimentary Priority Pass™ Select membership, which gives you access to over 1,300 lounges throughout the world (enrollment required). You'll also get access to American Express Centurion lounges, as well as Plaza Premium, Escape and Airspace lounges. Plus, if you're flying on Delta Air Lines, you'll also have access to Delta Sky Clubs.
Number of locations
|Amex Centurion lounges||14 locations (mostly domestic)|
|Delta Sky Clubs (when flying Delta Air Lines same-day)||50+ lounges|
|Priority Pass™ Select lounges (requires enrollment)||1,300+ lounges|
The Business Platinum Card® from American Express additional benefits
The Business Platinum Card® from American Express has several other benefits that can be useful.
You can get up to $400 in statement credits each year for purchases at Dell (you'll need to enroll your card first to access this benefit). You can get up to $200 in statement credits between January and June, and another $200 in statement credits between July and December each calendar year.
To help keep your business purchases organized, you can also add employee cards to your account. You can add up to 99 different employee cards to your account, at a cost of $300 to add additional Business Platinum Employee cards, $200 to add Executive Business Cards or $45 to add Business Gold Rewards Cards. As the primary cardholder, you will be financially responsible for all charges made by authorized users on your account, so make sure to only give cards to people that you trust.
The Business Platinum Card® from American Express also offers a variety of different travel insurances:
- Trip cancellation and interruption insurance: You can be reimbursed up to $10,000 per trip if your trip is cancelled or otherwise interrupted. You can get a maximum of up to $20,000 per eligible account for each consecutive 12-month period.
- Trip delay insurance: You can get up to $500 per trip and up to two separate claims per card in a 12-month period if your trip is delayed by more than six hours due to a covered reason. This can help you purchase things like meals, lodging and personal-use items.
- Lost or stolen baggage insurance: You can be covered up to $2,000 for lost or stolen checked bags, and up to a combined maximum of $3,000 for checked and carry-on baggage per person.
- Terms apply.
When you book a prepaid stay of at least two consecutive nights at participating properties in The Hotel Collection, you can get a $100 onsite credit to spend on qualifying dining, spa and resort activities while at the hotel.
By holding The Business Platinum Card® from American Express, you’re eligible for Hilton Gold and Marriott Gold elite status (enrollment required). You will need to enroll separately and link your Hilton or Marriott loyalty account.
Hilton Gold status benefits
Marriott Gold status benefits
The Business Platinum Card® from American Express holders also have access to the Platinum Concierge. This service can help with arrangements for a special dinner, purchasing tickets to a sought-after event or selecting the perfect gift. To access the concierge services you can call the number on the back of your card.
Use your Card and get up to $179 back per year on your CLEAR® membership. This can help you move through the airport security lines faster.
There are no foreign transaction fees when paying for items abroad with The Business Platinum Card® from American Express. This makes it a perfect card to use when traveling in other countries.
How does The Business Platinum Card® from American Express compare to other cards?
Here's a look at how The Business Platinum Card® from American Express compares to other similar cards.
The Business Platinum Card® from American Express vs. American Express® Business Gold Card
The American Express® Business Gold Card also earns Membership Rewards, but earns them in different bonus categories. Instead of earning a bonus in one specific category, you'll instead Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month* (up to $150,000 in purchases each year).
The possible 4x bonus categories include:
- Airfare purchased directly from airlines
- Gas stations
- Computer hardware
- Cloud solutions
- Terms apply
The American Express® Business Gold Card doesn't come with lounge access, hotel elite status or Dell statement credits, though it does have a lower ($295) annual fee.
The Business Platinum Card® from American Express vs. The Platinum Card® from American Express
The Platinum Card® from American Express shares a lot of similarities with The Business Platinum Card® from American Express. The cards have similar annual fees ($695 for the personal version and $595 (10/14-1/12/22) for the business card). The Platinum Card® from American Express also offers access to the Amex Global Lounge collection, Hilton and Marriott elite status, Global Entry/TSA Precheck reimbursement (enrollment required for these benefits) and the same earning rate: 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel on up to $500,000 on these purchases per calendar year and 5X Membership Rewards® points on prepaid hotels booked with American Express Travel. Terms apply. On all other purchases, you'll earn just 1X Membership Rewards points.
Where The Platinum Card® from American Express differs is the type of credits it offers: It does not have the Dell statement credits or the 35% rebate on flight award redemptions. Rather, it counters with up to $200 in annual Uber savings — $15 per month and an additional $20 in December when you add the card to the Uber App — which can be used either on U.S. Uber rides or U.S. Uber Eats purchases. You'll also get up to $100 in statement credits annually for purchases at Saks Fifth Avenue (enrollment required) and several other bonus credits,too.
The Business Platinum Card® from American Express vs. Chase Ink Business Preferred℠ Credit Card
The Chase Ink Business Preferred℠ Credit Card also lets you Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.
Ultimate Rewards have a similar value to Membership Rewards, so the welcome offers on the two cards are similar. The Ink Business Preferred℠ Credit Card does not have many of the luxury travel benefits that come with The Business Platinum Card® from American Express, but it does have a much lower ($95) annual fee.
Further, it offers points on common business purchases: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn. This could make it a better option for business owners who spend heavily on these items.
Is The Business Platinum Card® from American Express worth it?
The Business Platinum Card® from American Express comes with a $595 (10/14-1/12/22) annual fee, but also has a number of significant perks available for frequent travelers. Earning 5 points per dollar on flights and hotels booked with Amex Travel is one of the best rewards rates for travel, and the 35% points rebate is another feature that can benefit those that travel the most. While the annual fee is high, it's certainly possible for frequent travelers to get more than $595 (10/14-1/12/22) in value from The Business Platinum Card® from American Express, especially in the first year of having the card.
However, if you're searching for a card with a lower annual fee, you should check out our full array of best business credit cards.
The Business Platinum Card® from American Express FAQs
Does The Business Platinum Card® from American Express get Uber credit?
The Business Platinum Card® from American Express does not get any sort of Uber credit, either for Uber rides or Uber Eats — that’s a benefit on the personal version of The Platinum Card® from American Express. If, however, this is a benefit that’s important to you, you'll want to get The Platinum Card® from American Express.
Is The Business Platinum Card® from American Express metal?
Yes, The Business Platinum Card® from American Express is made out of metal, which means it's a bit heavier than other types of cards. Both the personal and business versions of The Platinum Card® from American Express have had metal options since March 2017. If you have a plastic version of The Business Platinum Card® from American Express, you can request a metal version either by contacting Amex online or calling Customer Service.
Can I get into lounges with my The Business Platinum Card® from American Express?
Yes, cardholders of The Business Platinum Card® from American Express have access to the American Express Global Lounge Collection. This includes access to American Express Centurion lounges, AirSpace, Escape and Plaza Premium lounges, among others. You also get a complimentary Priority Pass™ Select membership, which gives you access to over 1,000 airport lounges throughout the world (enrollment required). In addition, The Business Platinum Card® from American Expressholders have access to Delta SkyClubs when flying Delta.
Can I switch from The Platinum Card® from American Express to The Business Platinum Card® from American Express?
Currently, you can not switch your accounts from The Platinum Card® from American Express to The Business Platinum Card® from American Express. However, you can cancel your personal The Platinum Card® from American Express and sign up for The Business Platinum Card® from American Express if you have a qualifying business. Just make sure to check the terms and conditions when you sign up to make sure you’re eligible for any welcome offer.
The information related to Citi Prestige® Credit Card, The Business Platinum Card® from American Express, American Express® Business Gold Card and American Express® Green Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.
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