Business Platinum Card from American Express Review

We publish unbiased reviews; our opinions are our own and are not influenced by payments from advertisers. Learn about our independent review process and partners in our advertiser disclosure.

The Business Platinum Card from American Express is designed for big spenders who are on the road a lot and want to travel in style. It’s a premium charge card (meaning you must pay your balance in full each month) with top-notch benefits. Because of the hefty annual fee, make sure your business has the travel budget to make it worthwhile.

The Business Platinum Card® from American Express

overall rating
The Business Platinum Card® from American Express
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) N/A
Annual Fee $595
Rewards Earning Rate Get 5X Membership Rewards points on flights and prepaid hotels on 1x for each dollar spent on other eligible purchases.
Cash Advance Fee This card does not offer cash advances.
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit

Current Offer:

Earn 75,000 Membership Rewards points after you spend $15,000 within your first 3 months of card membership.

Who Is This Credit Card Best For?

  • Avatar for Entrepreneur Persona
    Is turning their passion into a money-making venture See more cards
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver
  • Avatar for Road Warrior Persona
    Hits the road often, whether for work or play See more cards
    Road Warrior

This Business Platinum Card from American Express is geared toward the elite business traveler who has good credit and spends a lot (hence the $15,000 spending requirement to earn the full welcome offer.) The card carries a $595 annual fee (and $300 for each additional user), so it’s best for those who value doing their jet-setting in style—to the tune of airport lounge access, higher-tier hotel status, room upgrades and more. 

  • Travel perks galore

  • Generous travel rewards

  • Hefty annual fee

  • Steep additional user fee

  • Little room to revolve

Pros Explained

  • Travel perks galore: Access to quiet airport lounges, reimbursement of airport screening and airline fees, and hotel upgrades and amenities are among the ways you’ll get VIP treatment as a business traveler. (More on this below.) 
  • Generous travel rewards: Besides the sizable rewards on flights and prepaid hotels, you’ll get 35% of your points back (up to 500,000 per calendar year) if use them toward a first or business class ticket with any airline booked through American Express Travel. Or, if you book a ticket with your qualifying airline (you choose this airline every January,) the bonus even applies to economy class. 

Cons Explained

  • Hefty annual fee: At $595, the fee is one of the highest for a business card. If your operating budget is too small to earn the welcome offer or you’re not sure you’ll maximize the card’s benefits, consider a less expensive option. 
  • Steep additional user fee: Each employee card will cost you an extra $300 a year—well above what other premium cards charge. Make sure to weigh this cost against the value of the perks. While your employees’ business travel will help you rack up rewards, there’s only one welcome offer per account. Additional cardholders will get many of the same benefits, though, including airport lounge access that would otherwise cost hundreds of dollars a year. 
  • Little room to revolve: Yes, there’s the option to Pay Over Time (if you’re invited,) but that has a limit and a high APR. If you anticipate it will be a challenge to pay your bill in full each month, consider a business credit card.

This is a charge card, not a credit card, meaning you’re expected to pay your bill in full each month. The exception is if you are offered the Pay Over Time feature, which lets you carry a balance on select purchases, but the APR you are assigned may be hefty. Also note, the Pay Over Time feature is available by invitation only, and you’ll have an assigned limit.

Business Platinum Card from Amex Welcome Offer

You’ll get 75,000 Membership Rewards points for spending $15,000 in the first three months. The Balance’s latest analysis of redemption values found Membership Reward points to be worth 1.20 cents when used for travel, so the bonus has an estimated value of $900.

As flexible travel business cards go, this is a decent offer, though some cards won’t require you to spend as much and don’t charge as high an annual fee, if any. If your business spends at least $6,666 a month, it may come down to how much you value traveling in comfort and other benefits. (And keep in mind you’ll be paying $300 a year for any employees with the card.) 

If you don’t mind sticking with a particular airline, a co-branded business airline card might offer better value for you. Some come with sign-up bonuses worth hundreds of dollars more, our points valuation research shows.

Earning Points & Rewards

You’ll get the highest reward rate—5 Membership Rewards points per $1—on flights and prepaid hotels booked on That’s higher than many co-branded airline cards offer on their airline purchases, and with this card, you get to choose who you fly with. For other eligible travel (like cruises), you’ll get 2 points per $1 if it's booked through 

Unlike many business travel cards, though, there are no rewards bonuses for other spending categories like gas, restaurants, office supplies, or phone service. But you will get a little extra for single purchases that are at least $5,000 each—1.5 points per $1 (up to 1 million additional points per calendar year). For all other purchases, you’ll get 1 point per $1.

Redeeming Rewards

Membership Rewards points can be redeemed in a number of ways, and generally, you’ll get the most value from them by booking travel via or transferring them to travel partners.

Using the American Express points value calculator makes things very transparent. If you have 10,000 points, they’ll be worth $100 (the standard 1 cent per point) if you use them to book flights, seat upgrades, or hotel bookings through

The points value calculator won’t take into account the points you get back if you use your rewards toward airfare and qualify for the 35% bonus. In effect, that would make 10,000 points worth $135, rather than $100. 

Redemption values tend to be lower for other uses. So the same 10,000 points would be worth:

  • $70 if you reserve a prepaid hotel or book a cruise
  • $50 to $100 if you buy a gift card, depending on the brand (there are almost 100 choices)
  • $70 if you use them to checkout at, or for purchases with sites like Best Buy or Expedia   
  • $60 if you use them to cover charges on your card    
  • $50 if you shop online through American Express

You may also transfer your Membership Rewards points to loyalty programs for more than 20 airline and hotel partners, including British Airways, Delta Air Lines, and Marriott Bonvoy. Points for several of these are worth significantly more than 1 cent per point. (For example, you’ll get an impressive 2.32 cents per point, on average, if you convert to British Airways Avios points, according to our research.) 

In most cases, the transfer ratio is at least 1 to 1, and for Hilton Honors, each of your Membership Rewards points will be worth two Hilton Honors points. JetBlue has one of the few less favorable ratios: each Membership Rewards point is worth 0.8 of TrueBlue point. (Transfers generally take about 24 to 48 hours.)


For airline transfers, a fee of $0.0006 per point, up to a maximum of $99, will be charged to your card.

How to Get The Most Out of This Card

Beyond maximizing the welcome offer by spending at least $15,000 in your first three months, use your points for qualifying airfare to maximize their value. And if your business is in growth mode, plan ahead so purchases can be pooled into one $5,000 transaction whenever possible. (Each $5,000 transaction will get you 7,500 points.) 

If you have computer purchases on the horizon, consider Dell. Each account will get up to $200 in statement credits per year (up to $100 between January and June, and again between July and December) on Dell purchases paid for with the card. 

Business Platinum Card's Excellent Perks 

There are scores of potential perks you could get from your card issuer, but editors at The Balance have determined some benefits stand out for their exceptional value. These are among the best perks on the Business Platinum Card from American Express:

  • Global Entry/TSA Precheck application fee reimbursement: Receive a statement credit for these expedited airport screening programs. The credit is every 4 years for Global Entry ($100) or every 4.5 years for TSA Precheck ($85). (Available on each employee card too.) 
  • Airport lounge access: You and any additional cardholders can take refuge in more than 1,200 airport lounges across 130 countries. These include American Express’ own network of lounges as well as Priority Pass Select lounges and, if you’re flying Delta, Delta SkyClubs. 
  • Airline fee reimbursement: Select one qualifying airline and receive up to $200 per calendar year in statement credits when you or your employees charge incidental fees on the Business Platinum Card. These include fees for checked bags and in-flight refreshments. 
  • Elite hotel status: Enroll in the Hilton Honors and Marriott Bonvoy loyalty programs and you’ll get complimentary gold status with both chains. This unlocks extra perks and puts you on the path to earn free stays. 
  • Insurance coverage for lost or damaged luggage: If your belongings are lost, damaged, or stolen on a trip booked with your card, you’ll get up to $2,000 for checked baggage and up to a combined maximum of $3,000 for checked and carry-on baggage. 
  • Towing and other roadside services: Up to four times per calendar year, you can call for services such as towing, jump starts, tire changes, and lockout service at no additional charge. 

You may have other (and easier) ways to earn/use this some of these benefits right now, in light of recent travel disruptions. Read “Credit Card Deals Help You Earn and Use Travel Benefits During COVID-19” for more information. 

Business Platinum Card from American Express’s Other Features 

  • Rental car collision insurance (secondary to your own policy)
  • Insurance for lost, stolen or damaged purchases
  • Extended warranties
  • Complimentary membership in premium car rental programs
  • Room upgrades and perks on select hotels booked through American Express
  • Preferred restaurant reservations

Customer Experience

American Express is known for quality customer service, as evidenced by its second-place finish in JD Power’s 2019 Credit Card Satisfaction Study. Cardholders have access to customer service 24/7 via the website’s online chat feature or by calling the customer service hotline, and there’s also a mobile app. The online Year-End Summary is a great tool for analyzing your business expenses. 

Because the Business Platinum Card from American Express is a premium card, you’ll also have access to a card concierge day or night. Just call or email to get help with things like arranging lunch reservations, finding event tickets to entertain clients, or booking ground transportation.

Security Features 

Security features are on par with other cards in the category, though it’s worth noting that you can sign up for free weekly credit score updates, access your TransUnion credit report, and get fraud alerts that will help detect potential identity theft. 

Business Platinum Card's Fees to Watch Out For

There’s no getting around the fact that this card is expensive, with annual fees of $595 for the primary account holder and $300 for each additional user. The Pay Over Time APR is also relatively high, should you use that option. On the plus side, there’s no foreign transaction fee, so you won’t have to pay more when using the card abroad.

Next Steps
For The Business Platinum Card® from American Express
Compare This Card
See how this card stacks up to the competition
The Business Platinum Card® from American Express
overall rating
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) N/A
Annual Fee $595
Rewards Earning Rate Get 5X Membership Rewards points on flights and prepaid hotels on 1x for each dollar spent on other eligible purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.