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The Business Platinum Card® from American Express review
Here is The Business Platinum Card® from American Express review about the advantages and disadvantages and credit score needed to apply. Keep reading!
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by Suzana Brito
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
The Business Platinum Card® from American Express: Small business card with big travel benefits
Are you looking for a business credit card with great travel rewards and plenty of perks? Read The Business Platinum Card® from American Express review.
How to apply for Business Platinum Card®
Here's a comprehensive guide to the card's features, eligibility, and terms of The Business Platinum Card® from American Express. Read on!
This card has a lot to offer for business travelers, such as airport lounge access. Keep reading to find out!
- Credit Score: Good to excellent;
- Annual Fee: $695 (see rates and fees);
- Regular APR: 18.99% – 26.99% variable APR for purchases (see rates and fees);
- Welcome bonus: Earn 130k Membership Rewards® Points after you spend $15k on eligible purchases in the first 3 months;
- Rewards: 5 points for Flights & Prepaid Hotels booked on the AmexTravel website; 1.5 points for eligible purchases in business categories;
- Other rewards: 1.5 points on eligible purchases from $5k up to $2 million per year; 1 point for other eligible purchases;
- Terms apply.
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The Business Platinum Card® from American Express: how does it work?
The Business Platinum Card® from American Express has several benefits, such as points on purchases, travel rewards, and discounts on business expenses. At what cost? A wealthy annual fee of $695.
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1. Rewards and bonuses
- Welcome bonus of 130k Membership Rewards® Points after you spend $15k on eligible purchases in the first 3 months (terms apply);
- Earn 5 points for Flights & Prepaid Hotels that you book on AmexTravel.com (terms apply);
- 1.5 points: eligible purchases in some business categories (such as construction suppliers, electronic retailers, and software providers);
- 1.5 points on eligible purchases from $5k up to $2 million per year;
- 1 point for other eligible purchases.
2. Business and Expenses Management
The Business Platinum Card® from American Express is a great way to monitor your employees’ spending and earn rewards.
So, you’ll earn rewards for their purchases and receive real-time alerts about who’s spending what and where.
In addition, you can enroll to earn statement credit and save on your U.S purchases in the following top brands (terms apply):
- Up to $400 to buy Dell Technologies products;
- Up to $360 to build your team with Indeed;
- Up to $150 for select subscriptions with Adobe Creative solutions;
- Up to $120 for telephone services with Wireless Credit.
3. Travel rewards
You can find a comfy place during your trips with The American Express Global Lounge Collection® in more than 140 countries worldwide.
Also, earn $200 Airline Credit to spend on baggage fees and much more in one of the qualifying airlines.
In addition, $189 CLEAR® Credit for getting through security more quickly at select airports and stadiums with CLEAR®.
Another great feature for travelers is earning 35% of the points you used back when booking a flight with Amex Travel. You can earn up to 1,000,000 points back per year.
4. Fees
As with any other card, there are some fees you must consider. Let’s review some of them (see rates and fees):
- Annual fee: $695;
- APR: 18.99% – 26.99% variable APR for purchases;
- Penalty APR: variable 29.99%;
- Late Payments: pay $39 or 2.99%, whichever is higher;
- Returned Payment: $39.
The Business Platinum Card® from American Express: should you get one?
Overall, the Business Platinum Card® from American Express is a good choice for many small businesses.
It has many perks, but it also has some drawbacks. Let’s review them to see if this is your perfect match.
Pros
- Many travel perks;
- Business management offers;
- No foreign transaction fee;
- Lounge Membership;
- Premium travel protections.
Cons
- High annual fee;
- Minimum score: good.
Credit score required
You’ll need at least good credit to apply for this credit card.
The Business Platinum Card® from the American Express application: how to do it?
Did you enjoy The Business Platinum Card® from American Express? Then you’ll find out how to apply online and the eligibility requirements. Read our post below!
How to apply for Business Platinum Card®
Here's a comprehensive guide to the card's features, eligibility, and terms of The Business Platinum Card® from American Express. Read on!
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
Suzana Brito
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