SuperMoney
  American Express® The Business Platinum Card®
American Express® The Business Platinum Card® Claimed

American Express® The Business Platinum Card®

Claimed
SuperMoney Net Recommendation Score +60  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +60, equating to 4.2 on a 5 point rating scale.

+60

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

Explore a similar product
Try this top product in Business Credit Cards.
Spark 2X Miles
Spark 2X Miles 8 reviews
Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 16.49% - 24.49%
(Verified 08/30/2022)
Balance Transfer APR  (Variable APR) 16.49% - 24.49%
(Verified 08/30/2022)
Credit Score Range 600 - 850
Annual Fee $695
Number of Reviews 5

American Express® The Business Platinum Card® Review

Key Takeaways

  • Business credit card with generous reward rate. You can get a rewards rate of up to 5 reward points per dollar spent.
  • Signup bonus. Offers a signup bonus of 85000 points after spending $15,000 that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. American Express® The Business Platinum Card® has a variable purchase APR that ranges from 16.49% up to 24.49%.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, extended warranty protection on purchases, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of American Express business Platinum card

The Good The Bad
  • Multiple business credit card perks.
  • Offers auto rental collision damage waiver.
  • Access to a concierge.
  • Extended warranty on purchases.
  • Global Entry/TSA Pre✓®.
  • Travel accident and travel assistance insurance.
  • Trip cancellation insurance.
  • Considers applicants with fair credit.
  • No foreign transaction fee.
  • Cardholders can earn rewards on their purchases.
  • American Express® The Business Platinum Card® reports to multiple credit bureaus.
  • Charges an annual fee of $695

American Express business Platinum card FAQ

Who is American Express business Platinum card designed for?

This is a credit card issued by American Express National Bank.

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 600.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 16.49% up to 24.49%. The card has a variable balance transfer APR that ranges from 16.49% up to 24.49%. Note that late payments are subject to an APR of 29.9% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business card does not offer an introductory rate on new purchases.

American Express business Platinum card Rates & Terms
Purchase APR 16.49% - 24.49%
Balance Transfer APR 16.49% - 24.49%
Penalty APR 29.9%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $695.
  • A late payment penalty of up to $39.
  • A returned payment fee of up to $39.

Does it charge a foreign transaction fee?

This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

American Express business Platinum card Fees
Fees Amount
Annual Fee $695
Foreign Transaction Fee 0%
Returned Payment Fee up to $39
Late Payment Fee up to $39

Does it offer a cash back or rewards program?

Yes, American Express business Platinum card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Advertising Services
  • Airfare
  • Amazon.com
  • Car Rentals
  • Internet, Cable and Phone Services
  • Drug Stores
  • Education
  • Every Purchase
  • Furniture
  • Gas stations
  • Groceries
  • Gyms
  • Home Improvement
  • Hotels
  • Insurance
  • Office Supply Stores
  • Restaurants
  • Retail
  • Shipping
  • Software, Hardware, Cloud
  • Utilities
  • Warehouse Clubs

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

However, it does include a 85000 points signup bonus after you spend $15000 that can be redeemed for travel, gifts, or other perks.

Does it offer an annual loyalty bonus?

Yes, this business credit card offers users an annual bonus worth up to $200.

What are the benefits?

This business credit card provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Trip Cancellation Insurance
  • Fraud Liability
  • Travel Accident Insurance
  • No blackout dates when redeeming miles
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 528-4800.

What is the support contact email?

The support contact email for this business credit card is info@americanexpress.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

Does American Express® The Business Platinum Card® report your account activity to credit bureaus?

Yes, American Express® The Business Platinum Card® reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the American Express National Bank .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
View American Express® The Business Platinum Card®'s published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From American Express business Platinum card

5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. Use Membership Rewards® Pay with Points for all or part of an eligible fare and get 35% of those points back, up to 500,000 points back per calendar year. Eligible fares include First and Business Class tickets with all airlines available through American Express Travel, as well as any fare class with your selected qualifying airline.  With more than 1,300 lounges across 140 countries and counting, the American Express Global Lounge Collection®* offers travelers more complimentary lounge options than any other card on the market*. Enjoy the highest levels of luxury at any of our own networks, The Centurion® Lounge and The International American Express lounges, or visit one of our partners including Delta Sky Club® when flying Delta or a Priority PassTM Select lounge once enrolled. Do business globally and pay no foreign transaction fees on your purchases. American Express will not charge any foreign transaction fee on the purchases you make outside of the United States with your Card. However, there may be circumstances where ATMs or merchants charge a fee on foreign transactions.


Contact

Hours of Operation

  • Sunday 7:00am - 12:00pm
  • Monday 7:00am - 12:00pm
  • Tuesday 7:00am - 12:00pm
  • Wednesday 7:00am - 12:00pm
  • Thursday 7:00am - 12:00pm
  • Friday 7:00am - 12:00pm
  • Saturday 7:00am - 12:00pm

Other Services by American Express National Bank

Icon for Business Credit Cards
View all business credit cards offered by American Express National Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Annual Fee $695
Foreign Currency Transaction Fee 0%
Late Fee Amount Up to $39
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 25 days
Returned Payment Fee Up to $39
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Trip Cancellation Insurance
  • Emergency Support
  • Fraud Liability
  • Travel Accident Insurance
  • Global Entry / TSA Pre✓®
  • Travel Assistance
  • Concierge
Annual Loyalty Bonus $200
Bonus Rewards Earn 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card in the first 3 months.
No Blackout Dates
No Reward Expiration Period
Rewards Categories
  • 1x - 5x Points on Travel
  • 1x - 5x Points on Airfare
  • 1x - 5x Points on Car Rentals
  • 1x - 5x Points on Hotels
  • 1x - 5x Points on Restaurants
  • 1x - 5x Points on Every Purchase
Signup Bonus (points) 85,000
APR Type Variable APR
Balance Computation Average daily balance (including new purchases)
Penalty APR (Variable APR) 29.9%
Purchase APR (Variable APR) 16.49% - 24.49%
(Verified 08/30/2022)
Balance Transfer APR (Variable APR) 16.49% - 24.49%
(Verified 08/30/2022)
Card Network American Express
Card Type
  • Rewards

American Express® The Business Platinum Card® Community Reviews

 

Would you recommend American Express® The Business Platinum Card® to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +60, equating to 4.2 on a 5 point rating scale.

+60

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Business Credit Cards

American Express National Bank Business Credit Cards

Loading...