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Who is the American Express Business Platinum Designed For?

The American Express Business Platinum Card is a charge card designed for frequent international travelers with excellent credit who generally fly in business or first class and value luxury perks when traveling. This is also an iconic status symbol: the card equivalent of driving a Bentley, signing with a Montblanc fountain pen or casually checking the time on your Rolex.

The annual fee is expensive and hard to justify unless you are big spender and a frequent flyer. However, it more than pays for itself if you take advantage of the travel benefits included.

What are the Interest Rates?

The AMEX Business Platinum is a charge card, so it doesn't have an interest rate attached to it. The balance on the account is payable in full when the statement is received. Members cannot roll over the balance from one billing cycle to the next. If you are late in paying the full balance of a statement, there are expensive penalty fees to consider.

What Are the Fees?

The AMEX Business Platinum Charge Card has a $450 annual fee: one of the most expensive annual fees in its class. There are no foreign transaction fees, which you would expect from a travel card with such a large annual fee.

It does have a late payment fee of $38 or 2.99% of any past due balance on your statement. This is a straight 2.99% interest rate, not an APR. Using this card to finance your business past the due date of a statement would be a particularly expensive form of credit. Remember this is a charge card not a credit card. It's not designed for users who plan to keep a balance.

What Is the Rewards Program Like?

The American Express rewards program is flexible and easy to use. There are no expiration dates or spending limits and you can transfer points to many airline and hotel programs. Unfortunately, it only has a mediocre reward rate of 2 points for every dollar spent on the American Express Travel website and 1 point for each dollar spent on all other purchases. There is, however, a 20 percent bonus on travel expenses paid with points, which makes each point worth 1.2 cents when redeemed through AMEX's reward program.

What about the Signup Bonus?

The AMEX Business Platinum comes with a signup bonus of 40,000 points for customers who spend $5,000 on the card within the first three months. The signup bonus has a value of over $400, which nearly pays for the first year's annual fee. This is a great perk for people who are not sure whether they will use the card's benefits enough to justify its high annual fee and just want to try it out for a year.

Any Other Benefits?

Where to start. As well as the huge signup bonus, the Business Platinum also gives cardholders $200 in airline fee credit. Fancy an overpriced bottle of wine on your next flight, or you need to check an additional suitcase? No problem, AMEX will cover airline fees up to $200. The only catch is you have to choose a single airline from which to redeem your fee credit.

American Express also gives members a $100 credit toward Global Entry or TSA pass, which can help reduce waiting time at US Customs.

As well as fee credits, the card also includes complimentary airport lounge access to a total of 700 domestic and international airport lounges, such as the Centurion Lounges, Delta Sky Clubs and Airspace Lounges. It also includes a comprehensive concierge service and travel insurance.

Going on a business trip and want to bring your spouse or a friend? This card includes a handy discount for a companion every time you buy a business or first class ticket. You also get to bypass lines, skip paperwork and qualify for free upgrades when renting a car with Hertz, Avis or National Car Rental or staying at a hotel in the Starwood Preferred Guest program.

How Is It Better Than Other Credit Cards?

The American Express Business Platinum card has one of the best travel benefits program around. It has a large signup bonus that more than pays for the first annual fee. However, its rewards rate is quite lame. This doesn't mean it's not a good deal. If you travel abroad regularly and you like to do it in style, this card can provide huge savings. However, if you own a business and you're a big spender but don't enjoy traveling or care about luxury perks, there are better business charge cards to choose from.

  • Card Type
    Charge Card
  • Customer Type
    Business
  • Card Network
    American Express
  • Minimum Age
    18
  • Late Payment Penalty
    $35
  • Returned Payment Fee
    $35
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Free FICO Score
  • Lost Luggage Insurance
  • Travel Insurance
  • Air Miles
  • Cashback
  • Points
js-table-filter bizname-american-express-simplycash-business-card
0
js-table-filter ccard-type-136
js-table-filter cashback-135
12.49
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-9
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Cashback
  • No Annual Fee
  • 0% Introductory APR
Card Type Rewards
Purchases APR 12.49%
065
js-table-filter bizname-starwood-preferred-guest-business-credit-card-from-american-express
65
js-table-filter ccard-type-136
js-table-filter points-137
15.49
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter credit-required-116

  • Points
  • No Annual Fee First Year
Annual Fee $65
Card Type Rewards
Purchases APR 15.49%
048
js-table-filter bizname-the-plum-card-from-american-express
250
js-table-filter ccard-type-136
js-table-filter cashback-135
js-table-filter every-purchase-138
0
0
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Cashback
  • Every Purchase
  • No Annual Fee First Year
  • No Foreign Transaction Fee
Annual Fee $250
Card Type Rewards
048
js-table-filter bizname-the-enhanced-business-gold-rewards-card-from-american-express-open
js-table-filter airlines-140
175
js-table-filter ccard-type-136
js-table-filter gas-139
js-table-filter points-137
0
js-table-filter restaurants-142
js-table-filter travel-143
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter credit-required-116

  • Airlines
  • Gas
  • Points
  • Restaurants
  • Travel
  • No Annual Fee First Year
Annual Fee $175
Card Type Rewards
058
js-table-filter bizname-business-green-rewards-card-from-american-express
js-table-filter airlines-140
95
js-table-filter points-137
0
js-table-filter travel-143
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Airlines
  • Points
  • Travel
  • No Annual Fee First Year
Annual Fee $95
058
js-table-filter bizname-the-business-platinum-card-from-american-express
450
js-table-filter ccard-type-199
js-table-filter points-137
js-table-filter card-type-9
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-116

  • Points
  • No Foreign Transaction Fee
Annual Fee $450
Card Type Charge Card
148
js-table-filter bizname-the-blue-for-business-credit-card-from-american-express
js-table-filter airlines-140
0
js-table-filter ccard-type-137
js-table-filter points-137
11.49
js-table-filter travel-143
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-9
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Airlines
  • Points
  • Travel
  • No Annual Fee
  • 0% Introductory APR
Card Type Balance Transfer
Purchases APR 11.49%
058
js-table-filter bizname-gold-delta-skymiles-business-credit-card-from-american-express
js-table-filter air-miles-136
js-table-filter airlines-140
95
js-table-filter ccard-type-136
15.49
js-table-filter no-annual-fee-first-year-225
js-table-filter card-type-9
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

  • Air Miles
  • Airlines
  • No Annual Fee First Year
  • No Foreign Transaction Fee
Annual Fee $95
Card Type Rewards
Purchases APR 15.49%
Balance Transfer APR 25.49%%
008
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The Amex Business Platinum card carries all the prestige normally associated with American Express. And if you travel frequently, this card lets you travel in style. But for a $450 annual fee, you can really do better.


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