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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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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.
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: 19.49% – 27.49% Variable 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: 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Other rewards: Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
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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.
1. Rewards and bonuses
- Welcome bonus of 120k Membership Rewards® Points after you spend $15k on eligible purchases in the first 3 months (terms apply);
- Earn 5 Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases (terms apply);
- 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar 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: 19.49% – 27.49% Variable 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
- Welcome Offer: 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.
- 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use your Business Platinum Card®.
- 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 03/2023.
- $695 Annual Fee.
- Terms Apply.
- See Rates & Fees
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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